New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-12-22
rs.ed, and II va no. pahHcly kioyp, or koovn TO
The m until les than an nom uricr % The election.

| Yer Committee would gladly cease, WIZ b9,e
set 81 Illus fsiiors 10 The reoe atty Of i'd
ireroe 10 The principles q ID - Tesouous did not
our DUTY demand Oilers, ard do OF their judgnent
pcmpt The 20 the neceisii, Of yet f1fther enij
II lrsc'ics operation OF Other Of N "a reeoauOos
ore of ihefe rrchbts yc1r drcors from any lo.n' Or
con itIntIts {, ot1tr oonpauiss: }. framed IN
CncrtI Of any such having bsen made, or OF sn H.
| ter, 10 make such.
| But AZ slbsry your Committee leaned inst losn
| Of SO UG Ct your funds 20 the Quincy and Palmyra
| Railroad Coz psny in Missouri al miles Ia lensto
yss dscossed by your dire ctors, resulted In cs.es'
81 be Board though the measure was Lissf|-fd re-
tered 70 tie *. cutys Ccnni5:e.
TIE TecordS OF vour dirtctorshp VII show re 1eas
| ard Nays this point
| In ID; "Oliyer Lee B,lk." which filed some few
| rorths Stree sGm exceeding Cns hunted t1ou'sau
| 6olsrs f your fnI Dc l5Ckef up. TIE oicu n
s,srees attendant thereon s-e unknown N your CON-
uifee-tney usy serve further - lds'f-ie the pro
pristy ii rtoluhCss passed ny stockholders siAe ID
| New Yosk ard Albany. In both o. these corporate
bodies it il well known that tseFe - 90 ia,e:tsS
| snoug some Of your DR. etors. Your CJalmItAe ND
10 pleasure 10 oslTg you attention - these fsct'i
ard however pat The oIty, thsy soud be dsTehc'
to The trust you have used IN th4n CD ihey i4l u
meItion them.
The intrinsic vsl1e Of your properly your Commit.
tee tiety spprecia,e prsdicatsd upon the statement
nsde BY your Directors 10 the STATE authorities
They however, are convinced llss the bes, nteres:
OF thst proper demsId "a fu.ue general manage
ent nd policy hist shall not center 10 The hands OF
few, exclusive cjttrol apart from aud independent OF
socEnooeTs but &c at st kho!isfs sh all exercs AID
ba.e the right ieCc gn,zed CT eXsEcns annual sup:r-
vision ano e1aIn alton into ihy t.snssctJns Of the
twelve mouihs delegatiDg full power ~ hsi Dies
| tors for the tins being.
reed attending overe Fp7cs Of 80 niesi1 length,
wts 81 iLves:ms ut OF about SO OOJ 700 who's gross
reverues three years about equal ts 81 900 coo
Of capital to k csppot be holden exclusively 10 tue
CT stody and control If few ike close corporation
however pure. intelligent and eompetent they may
clam TO be- Theirs is q delegated tus. from some
lerff tolC
bhy end requiring 30 10 be administered, thait shgl
rot only command, bat challerEe the coofianee Of all
10 each and every outline Of lie general adnnistrs
| ton.
Tie fact ia well known. that ore of your wood
agents is implicated 10 frauds upon your corporation
70 an amount exceeding go 600.
1t IL not ger orally known however that this agent
has been Continued II place against the reEnonsrAnce
Of some CT your directois
As ycur committee conceive retention usdsr such
cireuns infrse dern1ra IL alton among your
poyee, iusper SON. upoo reasonable gr,uld' i'm 2es
iirg an employee in ta1d, against your company,
should il the judgment Of your committee produce
ssutsiy Ifueice against cornivauce even IN fraud
by those getting liv. lhood 10 i's service.
The ready exhibit Of the accounts Of the Company
10 stockholders Jour Committee regard alike wise
and necessary, aud they learn "a II these are gep, With
systematic regularity; bat practical stockholders well
know that few If any give the time 70 examine snd
comprehend these 81 as TO learn Their essence l. cen
only te done through committee OF STOCKHOLDERS,
regularly orgaLized, with accountants paid through
such committee and your meeting at Abany appointed
sub
Stockholders must reed give all Necessary power to
President and Directors go as 70 usrage such prop
eIty and t. work H. the concentration Of ample power
s sseniiai; but snpuai accouna sty should be kept
up between stockholders ard their msnsgers or else
ds slfed cIedi. alike to stock and bonds es IN the pst
three years, is en- inevitable reeult.
Your committee, acting in the pr: OF your meet.
rgs ard with the design to infuse elements into
the Board Of Directors end the adoption of
tain principles in the management Of your property
rather than to revoutioLize your manager, die not
aim to secure majority Of proxies, bat to show by
tal They regYetfu'ly add, thet the edmonton was
UNDECIDED and disregs,ded by those controlling the
mass tf pIOxes voted on.
Your Committee leave the whole matter in your
haLds with the sin,pe Recommendation that Outstaad
il and e1'ant pIo2ies applicable 10 future elecdons
.houid DO obrosa.oa uiica by those VINO have
THEoDoRE DEHoN, MoREAU DELANo
} }oaN R stdEEEELL JAMES 'A1LA GdSu.,.
TIE report includes the following letters from Mr..
Field and Mr. Sage, in REGARD to the manner in which
they were left Of the ticket:
GExrLrMEy Your letter of the llth inst Los ast
hare, and l notice il, ooDteLts
n sIw to yo.T v nE" TO say ss "a sS09 att ssR
BsId Of Directors had supposed tbs. tue ticket for the
that It ood BE- .sb.sr 5ia the same e. hat noaas.ed BY
The New York tolhodeis About this time while waiting for
nomed thst Mr.. ss,e of Troy snd mysef be left
OF hi, .ioket for The new Board Of Directors
will only add thS exte nelly gre that every ockho}er
not vel understand the true Of this
Iy Your cteden s ef1. ti,' respect JOSEPH FIELD
Troy, December 18th 1887.
GENTLEMEN; am in receipt Of ,out letter Of the lth,
"Ie.pect to oystl" il reply beg say, thu. hsd
P Of df' F ss % ei ef h.
Coming sen. bis cket 20 the printers Office a. eleven o'clock
Jrtn drcPtet Mr. Field. Of Rochester kuow Of
this set, arise: from the fact OF the exercise
Vial interest in th bsling to the Company that Mr rnIug
IN favor Of but under feeDt circumstance. DO not hink
a. @ excuses. a, tScfe axe . enoasa ths
obtained fcm the Office Of the Company under te ia
formation for their soidapce ,6st toe you
Pur.uDg tie true Tor the best interest Of the
IhaakI you gentlemen for the kind and approving term, IN
which Jol s.k q my services as Director IL the Ne"-ioEk
IrerAn, very Truly, yonr oh:; seryl7t,
RUSSELL SAGE
From n, Daay Yee. De. @
In all departments Of the Stock Exchange business
was tO.dey inactive The funds, however, were urn.
DuIiTg pat Ct tine Gay advance of = cent was
Quoted but fhe 10 clock quotsions the
those OF esterdsy. The market derives its chief sup
rolt from the largo arrivals CT specie. Tn,s was paY
{ az in the Ccnsol market, when the "dideTences'
srisire cut Of the lost sccount we're iqndsted. The
monthly settlement nov finally completed.
1.-THE Bark Of England and in the discount market
there vas TO dsy fer demand for money but sign
Of pressure. The BGrk 20 dey purchased about 2J6,-
Geo in gold, Of ghich E22I,Ot0 wss in barr, sc1 the
rect 10 coin Tbev also purchssed IN edition uowa of S0
GO in toYeregIs brought DJ the sIesA from New YORK The
tosl smount Of rs'y imported gu ol5ot by thi e'salsa
Of baf million. Notwithstanding hosev,r, this important
ton eysive which ALWAYS wtneisd - this pecf Of
the quarter When The general circu aou becomes gradually
IN tie rate Of OF count The m,re, undoubtedly noyin,
.hort m cs. pactr beoV the Bank rate bat the Bank Di
rrC