The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-04-13


10 sssi,, s own crecors and manager villa amour,
Ing the seere gate nesr, f2eo 600 ani which nov
obliged announce 70 10 shareholders the Of
their whole Investment 9Th the possibility OF N being
called upon for further cousisci able oourbutiou
The sddiuon 70 The let Tor 70 day In furnished by the
he re caui,ocsd sse public ,hs, there were un.yors
bic rumors reysrduG this iertaking whoa req tired
investigation, although lhe greet rcspccnoifv OF TIE
directors seemed 10 preclude the bhy Of there
irg anything really wrong The result some Of
The largest propriesovs ~sited upon The directors snd
vere soeuny sarured that notvithstandlrg some
venisnce which had arisen from accidental causes
nothing bad occurred 70 interfere With the penn
hsd all been honesty earned and OF ,hsre
had never been anything moro unjusuhA than the
trust ,usf,s,ed BY the Tns Il was sddes, moreover,
msi the meeting Of tie company sbou, 70 be held,
every detail oald be entered Into snd this favor, bio
statement be fully confirmed. That mesras lo,x
Pc folio .,ss I n.rr.1e q, u" ,n co' n,o,s Md
ibss, from sh'oh II VIII be seen that The direc-
tos NE those OF the Australian Asrcu,ursl Company,
bnve perlsd the entire property OF their constituents
Iesvps recxessy ,ke control o, . single indvidssi
that fb Geo upwards out Of capsl Of $500 oO pas
bsa,d hsvire The ssn,os suspicion OF tbe ooums,snos
and thai the l,st half yearly dividend at the Of
sssi per c,n per .nnsm , y" .d 90, oo,s .hsn there
proceedings ve,e going on The chairman DOM ,ed
by ,dvertns 70 the declaration Of dividend 10 July last
for the previous str onihs without s presen,spo OF
ton rbch Involved Ga, 90, sss msde on tie faith o.
Srsss scPs Tor ~ ne me ss 1s suass sos
profit OF upwsds OF Gao co., and Ger ined By Mr.
.. Coleman. On that ocossion Captain Andrews
personaiy ADDRESSED the oprietors, alludinz TO
Tho pofrion and prospects Of the COMPANY WHOM
ne described a. satisfactory, sDd vas then sup
posto that when the c,lng toox pace In isuusry,
were would be NJ least 90 equal n not az sus snief
dividend sooD After Christmas the socouni IN, ~ the
coursny cicd srd vas found pot~lthstscding every
exeriop inroesbe 70 complete The scooun's u ne for
toe uual mtetps In February The drecors, ho~evey,
mac no ress1b 10 believe put thai the hat
IN . favorable posuop. aud II not until tuesday,
vben the books we're hrOusm Into partial order, that
ihey and Mr.. Coleman discovered the fast Of onn.
siderable 10" On the operations OF the year Csotsa
Andrews, me managing director, Was inoapacitsted
tovnds me close OF the year through Sickness end
athoush previously apparently In yigoy OF health
The disease from which he suffered he'd oveybro~n ale
p'egec and he was no longer responsible Tor nss a-s
In THIS state Of thnEs the best exert'ors hsd been male
70 prepare accounts for the shareholder but n
they vere neon plete, stnouah Mr. Oo,smsu hsd
asceraipsd that tho loss st iesst 10000 This c
crmssrce bad tsreo TIE oectors sresaly by SURPRISE
and 90 Cspt,n Andrews IN whom the bosyd a. v~u ~
the sbsrtbostrs hsd plsoed great confidence osu not
be appealed 70, the directors poposed that COMMITTEES
Of Shareholders should be appointed 90 operate with
them carrying out an nation Of the scoour ana
snf the stsse Of the trade only with ressrd
10 the bat also the future WIN respect the no
VI ios occupied BY hmse the chairman stated thai he
pr Rinal bodibe IN the COMPANY -ss 10000, but tbu
hsvns cca0desce N ths management 81 Captain An. |
srews sss he POSITION o. The undertaking he had In
sseaseS - GO. eee. holly ~ ~ ossssquess'y,
he shsvehcderv had been decevsd b himsen largely
psyc'psssd IN the sscvfsss me sssounoe~sns o. Ne