New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-09-16
NEW STYLE OF FINANCIAL COOKERY.

few years 10 give succnct accounts Of the JOINT
Stock yillsnies By which. in Eng land as well as IN
this country. innocent shareholders have been
swinded out Of their money for the benefit OF hnan-
cieripg Directors. The art Of cookery, as applied
70 accounts has well risen to the dignity OF fns
art, and the ch,fs d. cuisine who effect such mar
yelcu, transformations are surely not less worthy OF
wonder, however it msy be as 70 admiration. than
Ude, Soyer or the Grand Nste himself But 81
the world knows that there are two ways of cook
ing tie simplest thing in the world-e7en so sim
pie thing as an account. One is BY OVERRIDING
il ard the other BY underdoing il. This Is accord
ing to taste. Some people like their mutton raw,
and others brown. There are who hold tns.
canYas.back ducks are sufficiently cooked By bsng
carried through hot kitchen on their way t. the
dirner.table. The great art in any branch OF the
culinary art is to employ its appliances as to
mske the matter served up at once savory and dit
ferent from what il really and naturally Isl or, in
the words Of tie cody Mr. Cameron Of the Royal
British Bsnk, "to make things comfortable
The ordinary method of preparing this descrip-
ton of fapdoodls, or the stuff they feed fools on,
has been By way of false entries and altered &C.
counts, BY means of which the earnings of the
companies are made to appear much greater than
they are. and then, when served up with an uuctu-
Gus dividend BY was of SAUCE the dish pronounced
inimitsbe, and the deuded guests smack their
lips ellciousy over feast more unreal than the
Barmecides. But the specimen which We have IN
hard is Of an opposite variety Of virtue, and shows
how great genius can Iaise the art Of cooking &C
counts 70 the rank of a science. These examples
Of vulgar forgery We have alluded to must rank
very low in the scale of merit inssmuch as they
Ipu.t soon be detected for what they reall are,
and the chef is sure to have his white cap and
apron stripped Of, and be sent about his business.
But what shall we say Of artists who can carry on
the coz kerry Of accounts for more than the years
appointed unto man to live, and wax fat upon them
who have erected swindng into vested interest
and made i. an hereditament in their families for
two or three generations The bare mention Of
such thing must give new posusncy to the sOr-
rows of Humphrey Brown and Sir John Dean
Paul, and is almost enough to make our own Robert
Schuyler burst his cerements and return to the life
be spent 80 well.
i ne IhctB ettUs 10 DC DIltuy as iouoNe' Oai
readers, many Of them, have heard Of the Carron
Iron Company VII ch has is works at Carrou,
near Falkirk, in Scotland. This Compsuy was
formed ib 1913, with a capital of ESQ, 600, in 600
shares of ESQ each. Its whole existence, we be-
eye has been one Of unbroken success aad profit
though the degree of its success and the amount OF
its profits have been modesty hidden away, so that
= =. i'll, hat kava huap
But notwithstanding the bashfulness which has
biz dered all its excellence from being brulted
abroad the value of its shares has risen two hun
dred per cent or so on the original par. The
business of the &C ncern has always been conducted
by General Manager, subject to the control of
General Meeting. From the year 1886 down to
l-25, this Office Was exercised BY Mr. Joseph
Stanton. The ingenious system of fnsnctering
which has just become public undoubtedly began
under this gentleman; though, we believe, there Is no
desire to go back to those remote times in the attempt
to pluck out the heart of this mystery. Blu: after
nearly forty prosperous years, Mr. Stanton slept
with bis fathers-1hom it is to be presumed he hsd
to sleep wth-and his nephew, Mr. Joseph Da1-
SOD, reigned in lis stead Another nephew,
William Dawson, was assistant manager; Jet
another was agent at Glasgow, and cousin at
Liverpool, while brother Of Stanton the First,
Henry by paue, occupied the important Vicsroy-
atty Of London
Now. il was one of the conditions Of the deed Of
copsrne1ship or whatever it is called there, of the
Company, retiring shareholder must first offer his
stock to the Company at its value at the time OF SALE
before taking ii to an open market. since l-:D, it
appears the Messrs Daw son have permitted share
to be sold TO any strsr ger or partner who was not
member of the fortunate families Of Dawson or
Stanton. And the accusation brought against
these careful mans gers-whose Christian characte.
is shown by their readiness TO provide for them Of
their own househclds-is that they have systeuati-
cay represented the assets and annual profits IS
much less than they really were. Mr. Joseph Daw-
son would seDd correct balaneesheets, haltyear!y,
10 Nj Stanton, in London, who would make the
Necessary alterations in It before they were l.id be-
fore the shareholders. In one year, for instance,
l-26, the balance Of pIoits was reduced By this
Wholesome sweating from the spoplectic redundancy
Of more than !; IL, coo, to the healthy moderation
of less than ( 10, O0O. An excellent inventon tor
bringing about these comfortable results, aud
which exercised the Imagination as we'll IS the IN
eenuty OF the managers, was TO attribute the sup
posed losses 10 ssbreaksges, which never occurred
These works of the Imagination sometimes amount
ed TO not less than % per cent, which moderate
per centsge Mr.. Henry Stanton KEEP: back when
making up bis accounts.
- e Il. ID