The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-07

of the stockholders.
THE CORRESPONDENTS OF THE COMMITTEES WITH Mr.. CORNING
The following the report Of the committee submitted
at the last meeting containing the correspondents viii
Mr. Corning Of which an abstract was given in tho HERA
The committee appointed binder the following resola
sResoved That committee Of Ave be Amounted n ,ot
into consideration the election OF Board Of Directors fo
the New York Central Railroad Company ON the OH dav
Of December ensuing aa9 tina. said committee report a
an aoJourne9 meeting Thursday the Sd day Of Decem
ber VI O'Clock to be held at Continental Insurance Com
pany, No. Is Wall street,
Adopted by the New York stockholders OF tho New
York Central Railroad Company at their meeting tho
2Sh November last-respecttuly report
That on the 2Sth day of November they addressed ID
Hon. Erastus Corning, President the following letter.:
Hon. ERAsTus CORNING, PRESIDENT New YORK CENTRA AZ
RAILROAD COMPANY, ALBANY
DEAR SIR-We have been appointed committee under
the annexed resolution, passed at assemblage of
number of New York stockholders in the New York Gen.
trail Railroad Company, over which George T. Trimbloy
Esq, presided, James Gallatin, Esq, being appointed
Secretary.
Aspreminary meeting of said committee on Tuesday
next at O'Clock we would respectfully inquire whether
list made Of the proposed directors, be
voted for on the 9th day OF December and will VOC
oblge us with the namesg If a list be not prepared or
agreed upon we would respectfully inquire when we mav
expect to receive the sames Our wish TO consider these
names and submit them to an adjourned meeting of New
York stockholders for their consideration Very respect
fully, obedient servants,
THEODORE DEHoN, I
JOHN p. MOORE,
SCHUYLER p',io LIVINGSTON, Committee.
GEORGE T. TRMBLE
JAMES GALLATlN,
Under date December lst they received the following
RESPONSE
NEW YORK, Dec. 1, 1857. I
GEyuEskN:-Your letter Of the 2Slh ut, which reach
ed Albany yesterday shortly after had left has been Tor
warded to iA this you inquire whether list has
been made out of the directors OF the New York Central
Railroad Company proposed TO be voted for at the cleo
ton the 9th inst with the view OF considering the
names and submitting them to adjourned meeting Of
New York stockholders for their consideration" AS
you desire answer for at an adjourned meeting
of your committee to be held at Y. ~ to-day beg 70
say the brief time allowed to for the purpose THAI
that any such list has been prepared, nor
has any such been heretofore adopted certainly
should not feel willing to assume the responsibility OF
pairing such list but the contrary as the representa-
tive OF such of the stockholders have chosen TO send
their proxies to me, have always considered desirable
to keep the matter under Amusement until the annual
meeting, and with the knowledge may then have, ana
the opportunity then offered of consultation with stock
holders present such ticket for directors be-
lieve will promote the best interests of the company.
The elections have generally been attended by NUM-
Der Of stockholders; others, beside myself have heil
large proxies and, with unimportant exceptions the cleo
tons have been conducted with almost entire unanmy.
am, with great respect yours very truly on>,n,c
To Messrs. DrHos, ETC., Committee.
To which they replied, under date Of Dec L. 1851
New YORK, Dec. 2, 1857
Hon. ERAsTus CORNING, President New YORK CENTRAL
DEAR s-Your letter of the LIST inst in answer our
communication Of the 18th November last we have the
pleasure acknowledge and at the time respond to-
We that in past years the stockholders of the
New York Central Railroad Company here have been ig
noran Of the Of directors proposed TO be voted for
until the Of election Indeed, we believe the tckeS
has not been made generally public until the morning
upon which the vete was taken.
We are quite that in the composition OF such Q
ticket consideration necessary and useful but looking
al the number and variety of the stockholders their RESI-
dences separate from each other the generally sparse A.
tendance person at the election and the magnitude a
the property with which the directors are entrusted h
judgment o. the least twenty days public notioe
should be given in advance of the ticket proposed 10 DO
voted for. gives time for examination by stockholders
Al, c~s~
porunity for Judgment IT, as whole the names proposcA
will best promote the interest Of stockholders in the
Under the present system OF concentrating proxies in
the hands OF few stockholders bndy vote indeed,
matter OF much importance to the interest Of each We
submit these views TO your candid consideration, and
shall be glad they lead you TO reconsider the proprey
Of exchanging views with upon the names suitable
directors OF the New York Central Railroad Company tho
ensuing year so that they may be laid before the ad
next, at p NJ, at the Continental Insurance Company
Very respectfully, your obcdicnt servant,
T1iEODORE DEIiON,
GEORGE T. TRIMBIE,
JAMES GAfLATIN, lc.,u-.4.,u
JOHN Y. MOORE, 0o"no''
MOREAU DEIANO,
SCHUYLER LIVINGSTON,
The committee learned after sending the above letter.,
ing,on in the morning They, however, in view
Of the Considerations bearing upon the selection
OF ticket for important trust, ask leave to give the
subject further reflection and will be prepared 70 report
at an adjourned meeting Of New York stockholders
Saturday the 9th OF December ensuing a IL O'Clock NJ
at the Continental Insurance Company Your COMMITTEES
addressed to Mr. F. @. Fale the following letter. and
gretfuly add that Mr. Fae declines the nomination di
rector for 1885
NEw YORK, Dec. 2, 1857
r. g. FAus, ESQ Dear Sir-At a meeting Of many u
the New York stakeholder IN the New York Central Rail-
road Company, a committee appointed 10 take INTO
consideration the coming election for Directors and in
formally such committee requested TO express 10
you the desire Of all present. that should permit the
o. your for election to dictatorship In tho
above corporation and express In their behalf you
hsuh IN rh rfga haze Hocs
held am instructed by the committee 10 convey you
the above, adding that they fully these sen
ments, which will be more fully conveyed to you by
Messrs John Moore N. Dcano, and myself during the
day, who thus delegated 10 confer with you by said
committee Very respectfully, your obedent servant
THEODORE DEHoN, Chairman.
On behalf Of John r. McOre. NJ Dclano, Schuyler Law
ngston, George Trmbe, James Gallan, Joseph Bsici
IN, and self
Your committee venture IN suggest that, principle
they deem desirable that the nomination for directors
should be made by stockholders twenty days least in
advance o. the election from given their eaee
10 Mr. Corning contained In this report.
They also urge Though perhaps without the scope ~
the resolution under which they act) that committee q
stockholders should visit Albany and examine all accounts
annually. These two subjects may perhaps be fully
considered al the adjourned meeting for saturday next o.
on the present occasion THEODoRE DEHON,
JAMES GAILATTN,
NJ DEtANO,
SCHUYLER LIVINGSTON,
GEORGE 7 TRIMBlE,
JOHN Y. MOORE.