The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-07-16
We've sponged 'em and feeced 'sm,
And stripped 'cm and grened EN-

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And stripped 'cm and guessed EN-
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well and good but as soon y We tables were turned ana
then the public arc sstaed that Napoleon stock y
swinde Such Is petroleum morality such rs the eject
that the worship or mania for petroana mas upon ne
For some cause or other their resolves did MOI relieve
them Cats we're constantly being msas ana NOTICE., n
served upoa them to fulfil their c0nracts the stook
would go up In spite of their declaration thai u was
swindlc. and now and then a broker VISA
il, 10 GsI0I his contract and live up 70 HIS bargain
Other resouti0ns resorted 70 rom which eesn1
thas they suddenly became vcry wa 1920 sS
companies that had examined and passed UPON BY
a committee and BY them placed upon the 1sA TIM
Napoleon stock from the list Then tAey that
0cy had got the Of thai company ~ xhe way
and g. down and began . SCons ths,r pssos Find
around the street how they had sold Their own stock
all that they could borrow and CREST deal besides
cbiisation BY the board Bun WIN an vheir ssnsuIns
expectations the sock xBoud eoktiuaSe to riao: scs
were made and cast ysscnseess foc.d ..ca . :he.s
rssorted TO investigate the Naposeon Company aud
ascertain Why II v dhat Il would not stay down. ANA
sne resolves Of The ss.d This CON wss csssrsd
70 send for psr.sos and papers and the isarss
their abors with eTt diligence, with the dessrmipasoe
not 70 Ind the company IL they possibly AVOID n ard
thus b able 70 sncialy declare the whole thing
die, hang on 70 their profits and tell shoee Who have
been taken in by them to whistle. Having spycassea
the committee they at cast supposed that the Nseea
stock would have sufficient respect for their s<iy ~
behave itself and not keep jumping up bat apesars
that it did not resolution therefore ecerSa ~
board that the members having contracts in NArsn I'll
stock should not be required to fuhl shea e3s aas
some Of the members thought going fA- and
It was finally modified that they should nos se ~.
Quired fulfil their contracts until after she resort vi
the investigating committee subsequently sAs eeard
endorsed and sustained the members in refusing nE
their contracts in Of borrowed stock and also
their refusal to keep deposit equal to the
ket price, per agreement In addition TO this rssas
ton proposed that every member who delivered
received share Of Napoleon stock should be expelled
from the board. But unable to learn whether
this was passed or not But nasmuch as resolutions
were the order Of the day, they added still
tho numerous resolves directing that those parties who
had lent the stock place the money on deposit with
them for the return Of the stock security for it, in
the United States Trust Company and also requiring the
lender OF the stock to deposit equal amount Of his
own funds What the object Of this dodge in requiring
the parties who had lent the stock only pay
to the Trust Company the funds left security the
stock, and equivalent Of their own funds in
addition s hard to divine unless is the intention OF
the ring 70 follow this up with another resolution de-
caring that the entire amount deposited belongs to
them and must be paid under the peculiar philoso
ply in vogue; thus they having borrowed the stock,
sold and pocketed the money and now intend to get
the money back which they deposited pledge re.
turn the stock and equivalent amount from the per-
son OF whom they borrowed the TO pay them for
This where the matter stood at the latest accounts
Complaints were being made against and the papers made
the conversion Of property which did belong to them
In this way the parties will be brought into court and
the public may possibly learn something about who they
are ana where they came FROM These philosophers
in many instances known petroleum aTistOcracy