The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-06-29

NJ b D. rnaD replied TIA; nsbcdy had discussed 4 /
s.$sps Tie sserssa, aae sAss !. Yves pot Ssgs.sa os
dent Of the Board q Directors, who Is TIE President Of
NJ 81 o. yu,n me o,.s,,o, 10 NOV. whether wa
Sscsstasy, ssa that has not been disposed Of
The PRsDxu-rhe Secretary is appont:ss under the
Mr.. r. o. D. snn remarked ,aat these preliminary
Questions, about which gentlemen appeared much
eeu, 81 not present any very great difficulties 10 bis
agree On the proper course OF proceeding He was
not himself large sockholder, but he re-
pre- considerable amount Of stock He
an organized corporation He admitted that the laws
governed the question to the President and Secretary
the meetings OF the stockholders This being conceded,
they were clearly an organized meeting II So and II
step should be ascertain how much stock was repre-
sented here. But IL the question merely which
under the ordinary parliamentary law could be decd ed
by any number Of stockholders then the ques' ON
whether there was q quorum present did not rise
They were here organized meeting, and the
question Of adjournment had been sprung upor ,bem
for purpose suppressng discussion With NJ
ing word as to the necessity propriety of scnsson
he merely desired 70 get before the minds Of gentle
men their precise position. quorum necesssrv
10 decide question Of adjournment That question Ala
admit Of any interpretation between the pea aiu MOI
motion and It's determination. II on nccess.rv for
me Chair 70 see that none save those wh were entitled
voted on the question If there was majority In fsvo,
of adjournment, then there END ~ ths ,naetrs
II not, The discussion would be Open
ion NIL hnlda PQ
ssy the general who live, II New Jsr
70 msss ss s the
that VIVA, the Secretary said was true He had since,
New ysi.ey s .SS eoud to the statutes
certainly the charter did no, No suOn uIE sna
the Ssas TO make yaws Re would not say
Ncw Jersey h %1S ss n0 ~ such general law in
in the place where he secretary 1sy had i indicated
If no, there. then sher,' and he could not find it.
except in the stockhe dsrs nesting there
fore they had no and his not an organized
hoiders met they mnd, moreover that when the stock
saaf as %s ss
shn,d NJ charter amended in that regard He
ss -. =, I'VE this meeting convened, il for no other
purpose , nan. find about this matter
.asrn AZ ~ moved thas when the meeting adjourn IL
dnsn,,nr 'et TO morrow.
az , U and unmportant discussion Of the question
~ ann ent followed Mr.. Coopcrs MOTION.
MT. Axo KENDALL ocncurred in the opinion that dis
oad be injurious 70 the interests q the copa
a discussion that had already taken place had
or. very injurious But still he convinced that
=" AZ arm would be done by adcurnng than would
" oe by further discussion. TAere were short hand
W. RS taking down the proceedings the meeting and
eoos not fail TO be injurious sa be believed thar an at
W pit 10 stne discussion jud prove still more in
% ,sos He therefore asked tsA TIE motion to adjourn
20 osild be withdrawn.
Mr. LIVINGSTON difered with the hast speaker He be
'eved that more good would be done by adjeurning
or discussion. He would, therefore, insist his mo
Mr.: d D. FirlD thought that his was a procesdin,
which would certainly recoil those who undertook il
americans were used to discussion and would have il
They came here the invitation VI the directors 60 hea
abou their interests and why the meeting should be adj
curned without hearing anything was Question Whici
I they wanted TO discuss.
The Px1smKxI-f the stockholders do not want to ad
AMER some further discussion Of the same general cha
rAeeI was agreed, as sort OF compromise measure
that the meeting should adjourn 70 meet at the Asto
House twelve O'Clock to-day the Secretary being al
| reefed 10 engage suitable room FOR the purpose.