New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-02-20

ped;est 10 declare and pay dividend vhe olains to
he amount Of nearly g. COO 900 we're usdetsrnieed.

,ed;est 10 declare and pay dividend vhse oAins 70
he amount Of nearly e. coo 900 we're Undetermined.
| Another ground on which the pjaDcton was ssked
WAS that its financial condition did not authorize or
warrant il, because all It's property in this S.s,e 10
eudus i,s rolling stock, was under attachment that
/. had no income other than th,t received for the
TRANSFORMATION of passengers and freight. That the
COMPANY had. in May, 1855, procured permission to
more.. l.. road and franchises TO bonds to the
amour. of g. 600 900 which they were authorized to
use in retiring other bonds whether due not: AID in
ling the Just demands against the Company. That
on Dec 1855, $3.50 600 Of the original issue OF bonds
became DUE and the Company IN order to provide for
them, were OBLIGED 70 sell $40 900 Of the MORTGAGE
bonds having 20 wears to run a. discount OF ego OD
That By the last report sf the Directors, inside IN May
lat it appeared that The expenditures OF me C.mpsny
exceeded its net earnings BY about ell w. Iost tne
ne. earnings he last three fiscal years prior thereto
were within trifipg amount of each other Tnt the
Company had no: paid dividend since July. 1893,
and ina, il was not as well of nov as then That IN
addition 70 the usual expenses OF railroad corpora
ton the defendants had incurred large amounts FOR
law expenses and that the report m sde in May, 1886,
show ed that for the preceding year they bad amounted
TO near $4,000, and it was alleged that they
S s:d TSs in sddon to all this
49, coo of bonds of the Company would be-
due Dec. l, 1850, and sl4 500 on jan l, 1901,
and 81 09 eco on Dec 1866; and that tie Company,
instead of paving dividends should employ its surplus
ss.ets if any in providing TIE means OF meeting the
claims Of the holders Of rejected stocks IN case OF An
adverse decisions and that the Directors divided the
earnings among themselves ind thjse whom fney
chose 10 recognize stockholcers the consequences
would pr.iucice the stockholders inurou.y affect the
character Of the Con pany and anger Its existence
j. therefore claimed, that on the facts SHOWN tne
Company not in pecunisry condition 70 declare
dividend and that the dividend could not DE PAID
without bre6k ing in upon Its capital.
The plaintiffs tber upon demanded tia. an injunction
might issue restraining the payment OF the dividend
above mentioned, or any other dividend, untu iather
The plaintiffs by their oounsel-Burill, Dawson %
BuniD-presen;ed the papers TO Judge Davies, who
granted an il junction.
FROM The Tsd,penGest
The actyi Of trade Ia stI chiefly from hrst hands.
Importers and domestic commission houses Ind the
usual demand and though The receipts OF new goods
large there does no, appear any excessive acumu,
ation OF sock. Goods are belng extensively liberated
from the public warehouses. The Joooing uale SHOWS
some 81 mptoms of an immediate movement being at
hand but the impedments TO transportation have been
too great TO admit of the execution OF orders Til within
. few days.
The importers, both Of silk and wooden goods, hsve
made extensive sales TO the Obbers OF our sister cities
well as TO those of our own. All desirable goods
are well upheld in price, The fresh advices from Gan
ton still tend TO mAiDts the price of raw silk Goods
have arrived out eaI ier in the season than last year,
ar late importatons not expected TO be heavy.
The midnsss of tie weather xill coon bring buyers
here from distant markets and we expect to have to
report next week more active business among JOB
bers We observe no tendency in the market to lower
prices.
The following is our weekly report of failures assign;
ments, &c:
A. ADdre~s4 Co. Boston Mass, suspended
j. Z. Chsker. NewHayen, Conn suspended says ne VIII
HUDSON Brothers Co, NswYOrt City suspended iAb'
Isaac HsSdCci New.YOri City suspended liabilities about
HpSeus Smith N.wYor1 City, sold by the .Aera
Moor A R,6sIS ssssd Sy 'G:p .sssS
Il + Suelie Rochester. n. Y, ...isnsd
csS,chl' usSii,e: sbSu. seO asset. nosiDsy
100 esss E s :.,t e. '0peAdsd liabilities ABOUT
:; W. Putnam. Glen, \. Z. ..is1ea q to- A. Putnam
Warren sSeei:, BUSH. n 7. filled -
SI;' cs: ' " AIDED .s. .sou.
.g s:! s;; ss e s.s.;. u . ;.s;
:;:'ss s:ss:. IA :ss az: assigned
s Co. r.sd cs fb f.S1 s'R Pended
H.nIs s1.Gs1 SsS. sS.w w .9:psasse
So, '.hsd md : :Srs o 1G. ss
BY the Sheriff
fss a ass S s sa :Gt !: aeco,
Bolton Hses, Tallahassee Fla, assigned
Thompson 4 Van Dasen Lexington KY, assigned
samuel L. Kenyon Henderson, Ky failed
CT Weber Co Newport Ky suspended -
John H. Jones, New York, Tenn, filled and ssne
Joseph L. Riggs New-Providsnce, Tena, s'isned
H j Cox L Co, Zsnesvie Ohio, assigned.
Potts 4 Cox, Zanesville, Ohio. suspended.
ID. kreps. Toledo, Ohio assigned.
w NJ Baldwin, Newark Ohio, suspended some time since
w H. Marley Son Al dover Ohio, suspended and assigned
Robert NJ. c. Watson Harrisbursh Ind, failed
James o. Forrest, Detroit. Mich, assigned
shoiz Schroeder, Grand Rapids Mich, assigned
John D. StaDdsb, Romeo Mich, assigned 10 A. B. Ayres
liabilities el0, 900; sssets about the same.
na..ksAa CArIIpIIH RIPoRrIn IoR TIE TlnuNi.