Evening star. [volume] (Washington, D.C.) 1854-1972, 1858-04-23
TCGNMuNICATUD

ICcAhUNlCATKD.
Tue NIAGARA FALLS WATER PowER.-My.
Editor: Some little time back, there appear, d
in many papers, circulated in and about Wash
ingtOn, certain statements contradictory of each
other, touching the most extensive hyd anIic in
terest perhaps, in mis- country: | allude to that
of the Niagara Falls Water Power Company nj
Niagara Falls. The matter, from its real i'm.
Portdnce, commanded attention here. and man v
are known to have been painfully appre hens We
lest the reported untowdrd election Of Trustees
Tor the current year might prove to be true and
Work OF great national concern he thereby sac
rihcPd, possibly, TO passion or caprice The fol
lowing official paper has, therefore, made a time
iy appearance; and. removing Misrepresentation
correcting transformation, and issipating all
JUST grounds Tor any fedrs that have been stirred
concerning the ultimate success of the enterprise
which the company named prosecuting will
be appreciated:
Nav YORK, April 20, 1853
Al the annual meeting of the stoc khoders of
the Niagara Falls w alter Power Company. held
at their office No % Cortlandt street thi. day,
the following named gentlemen were duly elect
ed trustees Tor the ensuing year, by a vote OF
26l0 shares being 100 shares more than one hal
of the whole capital stock Of the company:
Horace ii Day, New York
James s. Green, Princeton. ~ j.
James w aldron, New York
Frederick e. Wagner, New York
Alexander Hay, Philadelphia
John Fish, Niagara City, Y
Atkins A Clark, Roxbury, Mass
,NS NINR STREET, PHILADELPHIA,
April ~, 1858
To Horace II. Day, Vice President:
DEAR SIR offer and propose to advance
money to the Niagara Falls Water Power Com.
pany to the amount necessary to complete the
narrow cut and build the bridges and lock upon
condition that for the money to be advanced
shall he secured by lien, to take precedence of ali
existing liens on the property, provided the WORK
be done by contract. and finished on or before the
LIST day OF August next. The amount advanced
TO be repaid me one half in one ytar and one hal
IN TWO years, from the LIST of August next with
interest, at the rate Of seven per cent per annum
ALEXANDER HAY.
R,sOlrtd That this company accent the % ono.
sltion or Alexander Hay, to furnish money for
the completion of the canal, upon the terms men
TONED therein and that Horace II Day, AIrx-
ander Hay and Atkins A Clark or a majority of
them, be committee to negotiate with the hold.
ers or The bonds, secured by mortgage on the
property OF the company, and with the trustees
for the purpose Of giving to Mr. HAY the security
OF the bondbolders, for the amount so TO be ad
vanced by him.
R.soIrtd That the trustees of this company he
requested to carry the foregoing resolutions into
effect ~
The above, among the acts and doinos of the
meeting OF the tockholders were ordered to he
punished HORACE ii. DAY, Chairman.
JAMES WALDRoN, Secretary.
That this authentic Information NAV Ire cirru
lated widely, AK have been the statements adj
verted to, and be permitted to correct jmpre.
sions created by such Of them were erroneous.
leave 10 asked for insertion of this brief
In the Star, by PAIN Tsnrn
Washington, April %, 1858.