New-York daily tribune., 1858-04-03

Hiram .ihlcy y
vi lam W.coti " % o.
Jno {. wrsht............ - = cav,bs,,,s
None il be LAM, 1T 30 'hArts 10 NJ '' "
do not stop pow 20 nqire bow 40 tsn, e'n ~ M Ia,,
.Ors a. Directors II toH1y S,,T ss.. be a.
oc,hder stock .h.ou'S .ni q ,obss o snd Reg.
.e d. row tsal D,c,o. compeay er1rsn 20 No.
that. .ni AND yoos ., s ,h .s S. them
M 0ypssn ,nd NJ Jer,, baVe etA s;poGdJ :" Nj 1fe'
NJ ypasnI ,..moe. hal ,h- p-r' who a1.f is b,s ,'
Company o % long tps' .d who be - ntr ~ ,-rei.e
br oea Ao op ne H. -sI. ohho ers o3'
ss s'S d. sy ,s,Grin:s sa: Z. 'S sS =" &
be bad nc stock 'snenf N b. SANE NV tne e5e-iion
linz ", LES zoe, : oT n. w.y dss .ne no .Ls
ccufTpvsr'y snc yoiurtesIs all undsnifed Pr''
II lave sn hu. psi.r TIA, the .,cssO.,rs may .@s
my snd obrrs We iIei the circular b-lss ~s ee1ey.d
h,Ie movement % rein ee he i1rue Ii, asa
hr nd. in soliciting pr5xt- snl p1shins l;r'
.2d r.e,ied dry we sSsi = no1 cS se
e tS :ss s i - i naa
e TIE P''iie. u hi. :ot hy Pre- re 20 g, sad E.:c no
fslt to npan Bot The i'eP ny.f o.; Il IA
sId no, constituted 20 az; Aarm9Io1''y oI ne
Iii thus hs, The sole reason s.ssnea oy a%c,py Er
theI in c:pyss:ns tS pEo1ss Dc. n B1n II Sy
NJ Jsrvs a. The Lichsed nsseDee' m.dns an effort
| 40 I.ins' ae :hc former control" ,..L
t !: i. not perceived Why t.,g boud h n-a..ed W.:
the power rrot, lse Company 10 'h' eu.IsHiy no'
swell Among TIE 80 -harenoid. 9 ne 'ShP'y ' ~
p-o.', without troubling thee gei'emen VINO u"'e n "
T .,espd 10 fear tb., tIe Lch. de AL :her r-s3nl
frend arr hhe ,heH.e.'e. sol ing p'1A:i 70 6l% -
OVID esciioO :fd d, 70 ,, fs' Goaat Z, a i c
10 iionegDs APa, forth IN he hope Of sosr. lIH nm.
mish 6e ndicrd tem with their Pfo1e- aid S-hh'1
n. N from the ajoritS Of The Bard .,.sl,x .b.
n,ther .e,i election to nor y aey
ds ,1 9es fef.dn. IN m .nS SS" ar nddae tor any sch
T. th,Ieore th. ieer tha, 'n:h msh, ID o. ne az - ''H
Jason issuing the minority ciFcual NJ Jsr' AZ" p ~ @
may now safely desist from beir opposition 70 The Si'hoIsd
H@ye ;houId finae II the minority h,i defined :bem.
avsas,s for proxies and had no gone "a, o. ~ W."
parties whom they had 40 gni 70 dI .' ms on.,
anc with the pat history Of the Company aad iedyn ,he
cnS in ;bir aaier ch..e arr yo.es talking tsir every
former coniro" AID fr feeling h.t any u ire
Bot when Mr. Jerv who has bsen seven years eon1etsd
with the Company Chief EnsneeF sod Director aug nary
four years President willing ee one no. 49,, -
me- the stoekhoder- with tte sseerne 50 .ne;
S iI % ,.p; to .S bis %stf asy ensure
n upon sssccistes in the or.r diton rot ono oi wh
T s"' 50 o time IN the the rad himself
.prcpeT should for moment -1d INC
The yi,oor. construction Of this road rss eneied arn 10
@ .SsfI S. tes ch Ennst Ths road o
in line s5a when Mr.. Jervs elected President lie re
timed tds ,.s ,,s wb gq il API %.: s sa Sy NJ boa In Ap
ls' NJ wIn;Gn % .sn ss GS0s5 10 @ hi & - @ .o@ The
7tb Nav to The 18Th August lsst from VII date 20 o,oer
ass ho.eD during entire time h ao ha.1' fee Of
ie Ensn,er S Of The sha ~h '0T 0'
Fr5n 1885 obt la55 held the s,ition Q! L. .usr
had rosns whatever With the administration 81 hs Com
pany. affairs in this country .,,.s
csy occupied in ibis Company DY W. Jss' So. saa Tys ny
'control" Of which be complains
Il mas. also be nd the sene. dutlea ata'hed
A. Chs Ep,ineer he con,ro of all he expenditures
for Of CONSTRUCTION and fr ost OF thoss i.r Ia
tn m the Company to meet my duty was coE0fs a hs :, pr
s.n 70 contracts f5r .nered
innate. made approved By him II the cot to- 81 S eoE,Sn @
Chief Epsineer who had cor.r tba. department 20
charge mistakes the Treasurer who had to md the mesa'to
regard 20 the oras Of tie & ro:t r. TH MAGh ae
,uecsy charged supervision, for With purpose ne
cIo:l.d with ample power over all sub ri!nates .
either by OF pudoous contracts by mistakes IA e
mates; in is ration 100 lNsr force has been eo pyet
sd of pes whereby large prop op Of ths
as sfn n.ns sS..0 Sle Pcsa S M
'rSA'"' IrSpT" ''''' ''''''' WV -''' -
.tIung operating their line the Company has made
sunlr, YeHEen' N SihE en'erses % aa,we, % I.. R n a.
nifty approved The Board may add sss Sy lar
The l.e.t portion Of them we snSI Sy M q he Bod
~ hicb se wa, meber and AZ forth aud Justified
1a Go"psS % pob hs b Rys and q anos rad s sss
for "l pre't nd ma; hal sy ssoi dVst
I'd by ,he iholers annual meeting, snd which was
and completed during my eosn from me c9-ny
it, entered into and formed part o .ae fosns de5t
of hi, Company During Aforesaid absence nearly SooO
., hfsA'Tf r ~ nS & q ;ba: %a ne Ia. S,s css
ing ,one s3Og ordered 20 be bulls Mr. Jervi. pres
.nt COMMITTEE, ad is recorded voting for T. NJ Elisha
Li,chfeld only member who voted against H. while
most esrres, protest assins, nnwis- expndure
The report ths Of is senboss
500 co. tle gross earnings 70. 1851 9, eS s ard the tx
fo operating them a. b28o tb3s an
los upon ,6e steamboat business tn year OF than
and above the annual aud tes- arc the os Of
Not dpb;iue hs good faith ard Judgment those D
r-cCr. SANCTIONED this eapendure refer IL npy for
NJ 5ersis his associates desire go the
tr .uard the only n.mbeO OF me Board who oppose
psrV FOR which they b. held responsible. y
When le. service Of the Company in 0tober, ls' L
Board allied upon he Ihief Engineer lM Jers) est,
Of the e,sh means required 20 complete ", "os men N
p Having received tia. estimate amounting % ostwsen
s7OOUOO 600 the Decto upon sn examination OF
their isl condition concluded that 10 sdlt lM
would suffice complete AL taei. works and psy al
fosiips debt .rtook = negotiate some OF ne Con-
pAr ,scrs' ,sIOss in Se1 3 rb. Tes;s saa
Fma Jaeie then, every dep. e1niIset.d snd.r my .ua.
tIa;oI Of the arsnce. wa. paid OF iulded sad e nat
my personal responsibility il the mater was a. an ed Aord
iuey home pefemptory ~ treasurer u
Director bu. the Com suy omitted 70 act upon or 70 pcs.n
| The tact
Into that moment: portion % the conr which tsete
think have been so po9ehy
10 be hsrr.d - thr Lebh.ds 6aen to the excasyn Of
otbr AZ. ber q Board We had in direc'i'u from
time 20 time pany abb aud emiHep; senasnen and Of
n. ,b,i,e number Of Directors my fortune, mDe
. be- the yoIust Conscious am that ~ scied u gol
faith and IL entire harmony TO Poisoe whA; Z, TIE am. LEY
ri ,hsre Of be .P,r. y svty =: which the BO4e o.
I'd 70 h,ye been nis4..s becoming auy the old