The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-04-18
The MIrh,~ nh southern Controversy
~ .n. nnlrnn on ran nzuhn

To IAE EDITOR or TaE HERALD.
will be r. collected The 18th OF Ma, Al c,yc,
lar Of the Mcbigap southern and Nortber' ,d,sca Ra
roao O. mt any issued ~ order oI IN. Board "a
auesrg slcSbo oes who could not a. eni she 40 )rolh
roc election TO sepd their proxs - the ONE " e,,nsr
wth WITHOUT the paule OF the person Tooa ,hsy de-
sueo 10 bave represent tben'' stating that aoy
proxies returned in ei1s the 3,sd of D-sct,rs
would oesPp8te some 10 upon tbe1l; that few
Gays tuessQuedt'y Dpority aicter co. Guitar as
hsuea ty Mr.. John Jerv,s aoo 20 assocatea rqiss
ing sba proxies 10 oe sent "a them tns. tasreu
rOpreIce eDsueo between suDoIy atokhnlders AMI Gr
Wacot the nessu er Of the y vn,co developed
IT,, ac that The orec ors who an voted for the ssuog
OF he regular CUculac were large snavehncers l0iog
Va TIE aggteRsse about coo shares ~nie a. the
tne J-Evis his tW, associates had stan hog 10
their hut Is shares, by tho treasurer,
or Gs shares as claimed by nr Jervis
To Hr. w.cotis published kttr giving these facs, Mr.
Jervs repreo, and 10 doug so, volunteered personai
sssuit self aud r ucs. Dragged tb1s, thout
Cause, into tbi controversy which Mr. Jervs wag,ng
against bis oup Board, was forced by cecent self.
respect 10 pubic reply 10 WHICH, h0e showing the 10
justice of hls attack stadionslv avnoed any inpust,u
bic UOtve and all stet@mebt- thG: be deemed
person any ana oessneoly off-rsive
To his 'etr Mr. Jervis ejoios 10 nearly cDuulns
OF Tuesdays Eenn9 od apd, regret TO say, IN mlu-
Ter end spirit utterly unworthy OF the position he o;cu
pes
All will bear witness this c,ntroversy has no. been
Otuy .eeRng. have not yet been 'ie 10 the
of the stock holders ana the prosperity OF TIE
psny were 10 be promoted by coarse wraugoy het~sea
to' managers tbs prece. responsibility
whco should attach TO each such discussions origaae
ordinarily N private teoing apo they
sariy thrust before the pubic il safe 1, assume tn4t
tre ruht motive lie yhipg but dis pteressd p.troism
EDteItatug these views, have oug subatted IN 81
lFpce 10 uIjost Interpretations ratosr than,
board OF exciting controversies which could do tho
company DO possible goad, aud which nigh. seri
ousiy eubarrass ito operations But rben its Presi-
cent rraated py bis in.bJuy rally more nut
Twelve directors TO his support G
t spleen upon ne N pubic circulars aud letters, felt
AZ liberty il self defence, TO fall back upon the facts
tbe case
Sr Jervis' last letter is a remarkable production Is
whole scope aip sho hat he Is O, sse re.
spaps bic. although be held ~ Office; tba;
or TIRE indvouai dire tors he managing men,
their schemes hurrieS through tue Board
tia, gave very little opportunity I, IN lge o. or
circuss, the suo ctn 10 thlrt tuAt the directo
lo5y nee puppets In TIE hpbcs OF two o. three OF
her Dumoer, ready TO ra.fy ''losr plLs," whetpor
fght or wrong and that, too. in BDard embracing 1t
dt rent tin 90 sueo men Us George Bliss the lts Gpvs
Marcy Charles Butler Sugh Vote i3vcrnr Barry
John Nnkinsop, ID Il Il JooD T. u. Morgan, r1on,s
Barron, Bsniion White, Villa b. |elles aad others
L this suyposacn instead OF being Il s libel upon
tho'e geneDeD were really true, hos cJuid hr. Jersis
President IN such Bcara? And bow far woai 81 70.
wares showing lis peculiar illness Tor the o,e or Pcesi
desto tho company, We saoud az ut al that n, tries
To rovc-that curing the eLtre umo be &C ;upsi shl
poajon he was utterly without influence? Is such
na,erlll Of ~hich leaders shnuIa be mscer
But ~ JeT Wis clans hat the oDjlrity" which
horzea the regular circular oa so species Of snacp
p3ri5meala y uractce that athoui ak gsLt
voted tor H. they represented the views O, out i've of
the u.ften orectoTs Geotletnen ordioary intsl,
genes prs srmo1 30 know what - wuen they
vote when DIX directors record tuer IN favor
they "reFreseIt the views Of bat dss d" THIS ~, hos
ever, nterLa quarrel shch the directors mus; settle
bssr0 repaired 70 sustain ar Jervis Why IL that
be Is 80 unsuing 70 rust iaeol vim TIE proxesr
Mr. Jerv'S excuses hmself for ASA eR me, UPON the
oof mat ne supposed myself ana fen Is sosuHg
yfOXCs 10 TIE circuG- ~ tbs j0r,y Of the
boss0 II ~ stakeholder prefer my property
managed by those ~ whom have eouioeoo' aud II that
preference for large shareholders Dst Oh sh)
noio LIZ or DO s,ok, s The President caied uoon :,
pTO,Cc the interest Of tho cor plrdton by 9iugilg
persona sbuse, sno by Dunlisoing II c..unnyg
shall urea, Mr. Jtrvs End his sta,emen,s sua the
respect 20 shicn they ent,!ed sna not ho wcvef
be oravb INTO trr.Ievsnt Issues neither sha Initiate
him by max Dg radon rto0s unsupported By oro
ADD uLs,h woud De reduced 70 qle .l.oa OF
recollection or 81 veracuy bet seen and A large
prtunn OF letter xke1 uo Situ stated ens restiag
Ouy IN recollection lie undertakes 70 tell Snas did
sad, or shat sail or dCoe b. himself ~ o.hsr
OF the Bard, OF daorcnt poriois and upoo
rors mArcrs, which during ass,ciaoo Of
years not one Of which pretsLosd acs a
he'd ~ The comosnys recorcs, or oy any paper docG
NETT ofclal evidence 10 lis possese.on aust decline
tn handy phrases with Mr. Jcrsis u,on auy such ba-s
OF BE allies atoas, are n ro!-asr - nltcrs Snch
have no bearing apt the pendns sgcs ~b-n IA says
that be made ,sunles (which were ooce,ed TO os NJ
lcnod NJ too hgn md likely " prevent Subscriptions"
that was proper matter 70 inaaopcs MS ON 'il
actin Or a. any opinion OF an individual Director would
justify bin In putting forth an unrsl sblo estimate
SoIe are entire nilsfe eseDt iiionsss he pre-
bncs tina. "eyaded bis inquiries 20 cersan stosk Of
rpom NJ bought and what "a pad ro ~ fIr Al that
nfo nhu1 spread out upon the conganys books sni
papers winch wire aways accessible 70 him, and oould
have b,er supplied by any clerk 10 the Cilioe
Idle snslss. Gs baseIess fgoris or visJnr as
ub,n b. states that IN December 1864 aoglcd 70 him
"a agvs csc .syng me s25 eco for extra
irs mc1sy ioT Ibo company Tho records yiooesi
hsa " To- ocn,sny make no alusion 70 a1y a. )cA
tan have isquHed Of several OF tie Old dreags
cotC1r mat they hesIt auy thing Of u, and
aver that bush o the klno os.ufrei
Ots "a "nsr psus" Which ". Jews ,aSso great crsd,
hiufoF fof having ccfea,ec, rernaps he Eii be KIDD
enough H,nah proof uo0b snicb ne ba,cs bis st.s
neat whh tbcsc reuG'ss Gisr - Rii u)so petty IN.
tnuats unsupported ~ proof snsh io-rn zoe s,soe of
IA
Of any fair Mai and shrh b. ,oun,ei Tor ony py
exutDo nisios or oitrome crsiaity.
But Mr Jtrss makes rome s'silmCn@ WHICH
test y yrltn esie.noe. Let us see hos ~ they tally
p.ts tho record
IN ms iorbcr letter ntinSssc Slt dld n. distinctly
state thai NJ JeIvN ESTIMATES ~ Cait 1ogoees hAi
Considerably excec1cd by the n.tual cDsg
lie takes up aSd ~cs upoa ihh pot 10 detail asd In
dong s,temgss N sbo- that farnsast by
Lin IN obcr 1850, Of tue amount sarci ~ do Ell al
ne company works then 10 progross. "wn pretty
cioe estimate" He s1cs that he caunot "oow doi n y
and thai he "maft have regarded u very iuforml
yatee' vsy key be did. bot TIE directors rallied Tor
the tass heir scton. Il spread .; leuEsb upou
ueu teooros under Gaze Of October a. 1855 ani Il o.
inaed Is s512slG the tosa reglr 90 toe fr
o tast nOsth ples al the WORKS Of the cgnJany
pog'Css. These facis appsr formal report II
the psAy, Gated Gh Of Sepe0bcr last entered
uIcn the minutes and pobshea 10 " the coy o.
Ters, W ich rport also states tts from yct T. 1885,
Sept 4, 1sh7 the cornpsuy bad etIenisd g. b2j g. for
SUit, sDor ara naicrss besides sl53,s21 for Interest,"
NON wtrb IN October 1855 Il Rad boon es, psos could
be completed for s7ll.sle Mr. Jsrvp well KTows that
This dscfCpanCy surcct.d the stept on OF the
isrc uGGeT Dir. ~IkiGson'd aimiEEtraL9n, ald gaA.
be then called upoa by the PfosieeIt q. o rnees
rg Ct he directors, 70 explain o. sts ye, he has
lost that esu1nael II 9eeifcd pursgs ths fns
~ gh refer TO hls vlbsi estimate fyr tue dds srooni
o. edo tlAiiof &C lees than $500 600 a8i cynpare
will recent report, showing scud cost Of $50 6gg
or night quote iron his publsbe1 report 10 1862 esu
mating ''tbc cost q tie Goshen line, irUgdag sttfions
and rOlrg etook. at 800 CO." aud are Il wi,n ma
rcttfi OF month shos iDg the cost. exclusive ~
rterest al sote7 ,2l9 but 80 not oesrn 60 ealsege
upn ,hese or other similar TORIES; merely wish 10
10 Mr. Jeivs that Othsr momoers OF The Bpard have
Rot bed szy monopoly o. the privilege Of making mv.
Asct.
Mr. Jcrvs ftstcs, without quaii1ca,or tbe, 90 con.
siderable par! Ct tue rolling tyvk sad oil rails were
raoted for By other parties than himseir While
write nave before me two contracts Tor tie purcA.s a
"t-s ~ the ~ Al eco tes a1asdntibg NJ pfi
thin current, TO some S70ocJc $500 0oD and aoa
b. half of the company by Jefvis as tnembsr
OF q committee IresdenL ff "a 20 ~ W be mts
taken IN ones iecolisctOo 10 tnaets sUoa nssni
tade and which were reduced 10 writing at the sns ICES