New-York daily tribune., 1862-05-09

/
/ beea as follows:
| Cash on hand April I, isei.............. sn,sSr
Reduction Of materials on hand ........... 4t6O0
Total al..,.............;....;...." ss.sss~
Paid coupoas for boGd interest ........... l2lsloN
Pad swo dividends q cent each ...... ISoNeW
Reisciion OF srcounts p,ysble............ Gss7sS
Cs'b Oh hand, april !, !os............... 1868 @
Total. Observation-Disclosures. 5I98SA
In consequence of our National troubles the groe
receipts Of the Road have been diminished to tho
extent Of sl,S,i25 35; but the deficiency has besa
partially met BY reduction Of salaries to the eSeus
of S93, 40 A. Within tie last three months The
business and receipts of the Road have much in
proved and in future ii il believed that they will b
ftill more satisfactory, whilean arrangement entered
into with the Bousato,ic Railroad will greatly ia
crease the freightiog business from that source.
IL addition to the payment of two dividends to the
stockholders Of three per cent eacb In Cash, tive
powerful coGi-bBrring engines have been added to
ths equipment OF tue Road, and paid for 600 tuns
of new irou A. GIG new ties, and ,, ,DOD new wrought
irOn chairs. have EheWise Deeh purchased ana PAD
for on. of the earnings.
Tie nse of coal instead Of wood for tie locomo-
tives has already effected su important saviagd
about 10 per cent in expenses for fue' and rs the
recent reopeniug of the Baltimore and Ohio Ral.
road has removed difficulty of obtaining supplies
OF coal fexperieuced during tie last year, further
saving in expenees for fuel may be looked for.
Win regard 10 the legal suits in which the Com
many has been 30 long involved on account OF the
oyer.i.sue OF stock b. Mr. Schuyler the Direction
snce ,is decision of Judge Insraham IN the s0csled
Ouaiaus care confirmed the separation of the called
bogus soek from The senain. nade ey ms company .ms
It have been lIo gut IN the ste, oi Ne" OK ent three
n the sac OF Connecticut. fer dsnsges . TO this da,e
ee ~, ssel 70 IA % y gns ~ .Asse ed, . ou M
D Cd ia ,u brought in the Slpeder Court OF New
M. many 70. damaes The was decided 5S Jades
Woodruff srcca! Term Q! January 1850 in favor Of hs
company AID on his dacsisn the painds' sppesed 20 the
AI Torn 4. :. The decision Of J1dse woodruff
- ID with to The Dcendln.s the New.York ,nd New
dec ,ous ell OF the eharacier Will tbs effect
y.ess attn; iuTthef useless Litigation" go
The Directors conclude their report With the gratl-
fling tae, that there have been carried over TINS
road more ihan 6,c00,GO Of passengers Jurisg tho
ras' slX YEAR, without causing The lOss Of a single
lie or limb 10 any passenger 90 carried.
On motion, the report Was accepted.
Mr.. PARIS then offered motion IN favor OF the
Roard hereafter causing their report TO be prioted
and dstsbuted TO the stockholders ii possible, one
week in advance o. Tie annna, meaii0g. Tue Presi-
den. declaring that il would be impossible 10 accom-
uiih that object the time between the close Of tho
year and day of annual meeting being too limited 70
DO So, Nj. Paris therefore amended nis former mo-
ton 80 as 10 read that the next annual meeting be
bed on the third Thursday in May, instead OF tho
sscond THURSDAY III May; ard that the directors
priat their report and distribute copies Of he same
10 tie ckhOldeTs at least one week prior 10 ths
ne xi annual uoetluo.
This resolatioa, after some warm discussion upon
pro,osed amendments and substitutes was finally
adopted.
ipg the meeiny until The 22d instant, on the round
that IL was impossible Tor tie ckholders to con-
yreleud properly tie true condition o toe affairs OF
M q ROAD rom general report seen by them for t5e
ils. time u. he annual meeting, and were therefore
,mable TO proceed and aot upon the report and the
ch oice OF oirers wiinout hayiug an opportunity u
more minute Information, which he proposed to oh
tain through Ii committee APPOINTED tor tia, purpose
,Do should report 70 the adjourned meetiog.
The proaentaton OF this re ouion elected further
diecgtscn, some intimatug that scheme had been
devised ~ get in new Board OF Directors, who
were favorable 20 a rcogpiilon of the spurious
stock aud thai the proposed adjournment was only
to allow those Interested Ia that programme moro
tine 10 carry it out Ii Possioie
NJ PARIS then rose and remarked that ne 10
Gently received cir ,uar sgGed by some OF the
Oldest aid ulost influential Nrlns aud individuals N
| New-i ork, grging the Importance OF ehectiug an
iruo,ant chance in tie Board OF Directofs and 30
lic;t ~ him 10 authorize certain parties 20 act
a., Lis proxy, that on calling upon these gentle
linen whose names were attached 10 tns
circular one remarked that he did rot sign it, an
other hardly knew the import oi tie eirculri bus,
D beng ItSrfce " u IAituu III NboEi hc he1
dence be oOnscnled for his name 10 be used. Oniy
one person cut Of the whole uumber-ana he
! gentleman connected with another Taliroad-ap.
/ uelred 10 know what the circular really was, W
why they had ned IT, or consented for their names
/ 10 DO used. Alter weighing all the Circumstances
which presented thelus. Ives 10 his mind, be Me-
! Paris came to the conclusion that there were NOV:
ors behind the scenei wnose programme, II carried
out, be believed would prove iT,JadiciL " tne nv
| teI.s.s ot the Company.
! 4 gentleman whose nawe was not learned, then
read the names Of tie gentlemen proposed on tSs
Imposition ticket, headed ly Mr.. Wm. ). Charnlsy
! OF Ncw-Huy who, be sad, was person thal 10
one could say word against; wneredpon, sn9.nsi
soekhodsr rose and ssid that Mr. CharDley had ola
Recognized. ,,
La reply to All inquiry the PWrsIDgSr stated 'sss
drring ibe peilod thai tile Directors were pIevenea
/ by inlanc.ion IRON paying dividends to he s'osk-
holigrs The laanng had disposed oi tue surpus
funds ia purchasing the Comganys bones, ~hca
hsc now been reduced TO 81 ,eyJ,OJO.
Mr. PARIS tuen offered resolution IN favor q W
, Dite..orl liking tie amount o. permanent oonus "
the Conn any N $301O,OOD. wblth, win tne s'i's-
would he 50 00c JU and that all sdrp nus Iaue o'oi
that amount be divIicd among the sIockno'ue's' a
authorizing tAe Board ot Directors 10 1sSas oonu'
the amount Of $4,000 II deemed expeoeuso va w. 80
,.r.a.,, tbs srnonnr of bonds az once 10 SsVvVVs'
and ,iy..ing tie $4,000 among the stoehloue'
A. = solution Was adopted, and ia answer " -
ruiry the President remarked That tne stoeAno'''
might expect good diyldead.
1'e ..azzs-sxxs=sSslss --s 1870
Che Etios. at i'otGsviiie. Pa.