New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-06-17

In accorGsh with the resolution adopted by the
stockholders at their previous meeting the investi-
CATION sod surveys OF the proposed extension OF te
HscketlsiOwD to Phpsburg, had been completed,
ass placed file in the ofce Of the engineer OF this
rsaC rhOwIng the ysn0us routes surveyed ana the
estimates cUst Of EACH The suspension 81 dividends
vas announced; not however, without the COZ vlcon
that the withholding OF the earnings Will not be much
longer required.
The report was accepted, and motion made to
adolt At, which led 10 warm and lengthy discussion
ssme appearing to labor under the impression toet
shsuld meeting adopt the report II would aut1or'
ize the Board of Directors TO proceed, when they
thought proper 10 contract for the extension OF the
rSse at eItneI both ends, without submitting the
uyobable expenses ~ the stockholders. Some asked
for the gGIesthe estimated cost of the proposed ex-
tepsiope while others complained inst such estimates
ought 70 have been furnished in the report, and the
vhole printed for the inspection Of the stockholders
The chair thai the estimates were gwen IN
detail and could be in the engineers office. The
figures had only been omitted TO shorten the report
For the infOIm of the stockholders, no Eever Mr.
Bs.ir ger the engineer Of the road, stated that the
ssn for extending the road to the Hue IN River
vsned according to the route, IRON SloOOO0 To
$40 Geo and for extending the road from HackettS-
tosn to the Delaware River at PhIpsburg from
$3.50 Coo TO 500 600. The meeting then took recess
10. puI pose of proceeding with the election OF Dl
Tectors for the ensulpg year, which resulted IN the
eh1ice Of the following q AIMED gentlemen: Villa II
Wright, Joel w. CoIdlt, Beacn Nanderpo0l, j. Z.
GsItnwai VIM. N. Wood, Daniel Bsboit, Aaron
RJbef sOD, Robert Hsmlton, ana T.. W. w helplsy,
ali OF whom were members OF the old Board with tne
exception Of Mr. Whelplsy, who was elected
in the place Of Mr.. jonathan Parkhnrst.
The meeting then Teassembled, waen the discussion
on the subject Of adopting the Directors Report was
resumed. air. L. w. Hunt moved thai the Board OF
Directors hereafter their annual reports to be
printed AND seDt TO all the Stockholders at least ten
days before the ann al meeting. This led To aogry
words between of the Directors and ckholdefs
ssd tine elapsed before order could be rest bred
when the resolution was laid on the tsbe. Judge
Mash then offered resolution in favor Ot directing
the Directors to issue 10 the present Stockholders 30
much If the capital stock of this Company now I'M
repre- .epted by stock issued as will be equal 10 the
psual div !dends that have been withheld during the
sstt~o years and to nc.ude the semi annu.i dividend
eHe in July next and amounting TO four sem snnual
dvidercs n ali; and IL wdeTe the dividend due
- Stakeholder is not equal to one share OF stock,
such dividend and all other fractional p.iIs OF share.
70 be psd in money.
After another debate ensue9 on the subject OF
its effect, and finally AZ to the manner OF taking the
sexte Of the meeting, some cOntending Tor VIVA voe
vote and Others claiming the nigh. to vote 10 accord
snee with the number Of shares respectively repre-
sent.d by them, anoh er gentleman offered res 'u-
tr in favor of issuing fee tickets to the stoekhod
ere uni. the next dividend be paid. The resolution OF
Judge Marsh was finally voted down, when the meet
sk Adjourned.