New-York daily tribune., 1858-09-03

ousy inserted in morning paper calls 'or ac,ion from
you to-day TO proposition that is vital 70 your In
terests
We believe that the meetings of this Company have
rsyey been attended by than two or three per-
sons--its admirable management under the former
President who kept the Rosd in excellent ofder had
no floating debt reduced the bonded liability by annual
payments, ard returned us small dividends beside
together with the fact that the Directors t4nd
perhaps now) largely interested IL the stock-de
served and had the confidence of the p1blchsye led
the stockholders 20 trust entirely to the management
of the officers, in full confidence that property in
wi ich they had invested So much would be managed
fer the best interest Of sll concerned. We do not
doubt the honest acton Of the Board in making the
proposed lesse; but that they mistaken IN their
estimate OF ts advantages 70 our road cen be clearly
shown.
Mr. Ward, our President osrs one share Of our
stock; he il heavy s.Ockholder in tue New LonjOn
sLi New Haven ROsdthe fret IL Yslusbe, the latter
worthless. We have confidence in his integrity but
that biz judgmen. may be warped by his interest,
be iaiey ayerred without questioning ms integrity Of
purpose.
Ine terms Of the ease 10 which the sanction Of the
Legislature was ssked, and which will be proposed
tor your approval to-day are annual rent OF so 900
for the extension road building from Stoningt IN
10 New Lo zdon, and al repairs the cost Of which S
he uDderstood when We state that !. has three drsv
bridges, more ths two mes OF chestnut pi,ing and
ferry boat 10 keep in order.
hr. Williams, our former presicent-a man o. uuu-
sua ability end success in his own busness and a.
vsys faithful intelligent and prosperous az an agent
fer the Interest Of others coLided 10 MIA in
favor CT building this e1ei road. Ha thought We
could run with our rolling stock at pro rata cost
without injury 70 us, with posslbe benefit. a. sll
eyeus, he willing that the New London and New
Haven Stcos holders should try the experirn EMIT
might Iesuieste their stock-It could not ipju it;
but this was very different proposition from what 10
now presented TO you.
No candid man anime this nea ure fiithfully,
and cay that the StoriTgton road will be benefited
ore dollar by the proposed .esse. We believe the
stock CT road will b. worth par in less than three
years, II we are let aloLe. We are doing well, our
route is growing in favor receipts increasing, our
cebt diminishing, and low under ell theee favorable
circumstances, an eLts gling alliance Is proposed
which, II contaminated, vi, make cur stock WORTH
ese. The benefit will rue 10 tie New London aud
Nsw-Haven Company, ia which Mr. Ward has 50
large 81 interest.
How sn ell fraction of TIE through land trade be-
tween New. York ard sicn will take this route
with ts eangss Of carr at New Haven Ssy brook aud
Gro,on. ~ two long ferries, ary man at al familiar
with railroad business can determine.
Tie removal OF the steamboats, from Stcnipgton 10
Giot:n will lepgthen the time from New York TO BOs
tor-an ex animation Of the chart OF ths Sound will
show that the boats fion New-York can be at Ston-
ington ~ soon ss they can get alongside the dock at