New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-07-09


,nsIyI paid calls until had paid ten per cent Ihen
maid calls TO save my per cert being st leu On py
,,t.o o,,,,ressions OF confidence OF the Executive
S,op,noittee whose prospectus had hrst HuAeh "o
,,, uuui I had paid In twenty-five Per cent "nen
j received a stock cennnSSSooTy cisnses and was
10 sfartlc me u binds me 10 the terms OF the
cti M the ASSOCIATION az the now exist or rs
Sit5 b.C,,Cycr bs amended" concluded, however,
20 say nothing nasmuch as the clletlar Niii-u 49,
naned the last call informed me that the can vas %
bntr . Ia furnish an ample fund 10 pr9vloe agoinS
possible contingencies; that inc u that The stoc
been delayed, because II was deslIHulo ~ ~ SsS "a
When iSliod should Ne beyond GHy rtdSoa's "aO'5 -
further assessment" ma oar Confgt i'f indin nom
perilaeRi Il established success sn" idcrs
he developments of our business 80 lar ou ~. o,,
may confidently expect thai our s decared
nom time 10 time out Of the net earnings W tne I'm
neny so pleased was upon the receipt OF In ~ ~
b. nnrcbeeA Ql5 shares which, in addition 10 inc %
snbscribed for made the holder on 20 5 3t
waited patiently FOR the next cOnnuncaoin "i,u vi
10 contain notice OF a dividend. IL came Out " " o"
Tor eom" %. peet either that the managers Of the
Merchants Tni0i Express Company were Ncfy rtchoss
u tho use OF their words, or dd hOt ,t
tbeir stoekboiders into deep waters or That some KIN
ish manage nent was gong on ni9 ,I m I am
soficc to khOlders far as could learn inc e4t
1tock had been made s2o00o0OO instead OF soOOCo, u
cond nof iearn that this entire Sj0O00O was assessed OF
bore any SHIRE OF tho common burdens. lIo9ld llsV
We were indeed doing very large bushes, IN s,Ui
ness in the country 80 that the more W., we r QUO
the greater were our losses, eiloo, az -,'IS man
sdOutcd 10 cost us more To transport bv".s ' ~,
we received To be sure was tOld lH9L w. iow
rates adopted 70 run OIL the oia IN i We
stockholders are II we cannot geJ IeeNt 49, A. ,i1
am, tic face of our stock S20OOOOO0 havng already pad
~ cent or S5 Oa0OOO and after that rs we arc only
mariners to the last dollar OF our private property OI
bc 6ebs OF the concern; and for one, did not feel IKE
bearug INV share OF this vast expenditure and Liability
30 break down other companies, anu piouDy 9
Ielvcs ~ the same time Moreover was informed OF ldcts
which cOuy inced me that Tie Executive committee were
latisded that the concern was " I.u6, at %c' tcf
10 sell ont secretly Tor their own aN 'niS' i
iney on the I'D Of june commenced sun, charging
these facts to get back my nonTy r tgI card IN
l3d the Secretary OF the company plulsIeu , l
which ne denounced my suit ms commenced 10 serve me
40 Ia ia aud complete investigation, hut, on the
contrary shall court such farestgotoH; ana iIheI,
orsd 10 rial nj the earliest dau Very soon after my
counsel applied 90 the defendants for then aihdaNts
9b{ hon tbev did not appear but their lawyers did, and
mad some DrOpOsitiOn which Mr. Bradley rejected ana
mount 10 a refusal and ordered them toappear before
referee for examination on the day OF examination
we were stopped by order from Judge Barnard,
styln3 tH PIOeceonS nv cot from Judge Barnard
c0uIssI inc SAM 6i 1' brdnSbt the Whole matter
mp tho next morning but when the LAWYERS mel IN court
Junction issued by Judge in the INTERIOR stopping al
proceedings. This injunction Judge barnard 4siesileu
10 far as to 20 on with hearing motion before MIN
After argument he directed the examination 10 on this
(MOndayJ morning After this decision July =, pup
ished card in which referred 10 certain evidence al
ready taken affecting Gen. SlOcUm, one OF the parties
whom wished examine, and said the examination
they again seek the aid of injunction TO shield them
while all tho time DypOcflUCaly proclaim
themselves anxious and willing to ten the whole
truth" on the third the attorney OF the
Company responded and said Gen. Slocum, act
ing under advice declines 10 make any answer 10 e
monstrOns and untrlthful statements contained IN MI
Watefbry's card and Mr.. Thayers testimony, or cW
stbB al me edrlirst possible moment 10 MI ecdbt0-
Go I'm all the facts charged against him and the Company
They also declared that they were ready ana eagriof
the tight" Now want no tight only want my money
back il get It, and since this seems possible only 10y
means OF the Investigation spoken Of my counsel pro
eeeded TO GET the Injunction, which was issued III inc
In Canandaigua on Saturday, where, as learn, the
Principal ground Of opposition was that my hotce OF
motion served on the 4th OF July, iegal hoIfdiy
and this was insisted stTcnuOusy mat lel col he
whole matter postponed for week, during Whch Time
an cuiOned from subpenalng the defendants Ihls
morning we were ready 20 III received news or
the dissolution OF the upcQpDtry mlppcuQn rht" g."
other and stag 81 proceedings until the third Monday
of July was served upon attorney. TINS IS the way
IN which gentlemen" eager for fight and anxious Tor
investigation" and determined TO "fOrce the case 10
trja"-give evidence OF their eagerness
Ny fellow stockholders may judge whether the sosp
cons on which have based my action are reasonable
md whether our Executive Committee are indeed aN
ions to weld up their management 10 searching cNan-
nation whether they straining every nerve 10
ovade u. -,
1t is constantly repeated in every emanatOn from tho
COMPANY or their representatives that have begun TINS
suit in the interest OF the old express companies once
for all this utterly untrue but II were Otherwise
a0ement OF the Executive Committee u snch cxist OF
relieve the insolvency OF the Company II ~ Dc sOI' eh
For myself shall pleased III the defendants can con
vince me that property "a indeed Valuaho Du VI the
meantime have lost confidence IN them 40 iOt De4N
n word they say shall put moro money ln the slhk
can help It. and shall do my best 10 recover that which
have already paid. 9. J. NAihRbehl'