New-York tribune., 1867-06-21

The following extracts from the reports q the Mer
chants Union Express Company will prove INSTRUCTIVE
TO the Public, and PARTICULARLY so 10 tine sTocKHolD-
Frs OF TIE MERCHANTS UNION EXPRESS Co. WHO ARB
LOOKING FOR DIVIDENDS;
Report OF the NJ. u. Ex. January 26. 1907.
To me Shareholders Of the Merchants JHon EI71r6ss
ConpdH With this circular letter you VIII receive no
tce tie calls made upon you, preliminary 10 issuing
tine stock Of the company
The issue Of stock Certificates has been delayed be
cause Of the uncertainty OF the amount which might be
needed for the complete establishment OF our Enterprise
which was be determined as much by the desperation
Of the Old MODoIOiics az ny any ohcuatlVh 81 oui
and because it desirable that the stock When Issued
SHOULD BE BEYOND ANY REASONABLE ILABiLITY TO FUR
Rcsoired, That cali for three per cent on the Capital
Stock Of the Merchants Union Express company De ana
hereby made, payable Feb three per cent
pay able March 49, and two per cent payable May 1851
The Secretary j. hereby directed 70 lIfl"S Io nsoCh
scrip at once, and the proper officers oi the Company are
hereby directed 90 issue the same 10 Stockholders 40 soon
The calls now made will be unexpected TO Of yOu
for the reason that the amount thus called n NCLiDs
TIiE ORIGINALLY CONCENTRATED As SUFFICIENT fOH
THE PURPOSES Oh THE ORGANIZATION AND EQuHNLNr
OF OUR LINES ,,,.,.., IN, 80 ,. ,r,.
unknown to and 10 the business public generally.
on payment Of the calls made the stock Scrip win
be issued IN the confident expectation that the holders
thereof will be possessed Of handsomely renunetatng
investment. ,,----.- =, -
AN ESTABLISHED SUCCESS. . - .
In the mean time. have been enabled 70 secure
more rigid enforcement OF intelligent economy IN the dii-
fercnt departments; and II AFFORDS US flAsuhh 10 B
TO SAY THAT JUDGING IhoM ItiE sS ~
coxVtI,rsTIY FXpECT THAT OUR COMMUNIC tTIONs TO
THEM. HEREAFTER WILL CONSIST or NOTICES OF DINI-
DENDs DECLARED IRON IlAE TO TIM, OUI OF I'M Nar ~
EARNISGs OF TIE COMPANY, TIE ASSURED SUCCESS OF
WHICH, DOUBT NOT Is As GRATIFYING TO THEM AZ TO
OURSELVES.
Report Of Merchants Union Express Company, June IT,
To he Stockholders Of he Merchants UHton EIess OO-
s0,v, entirely with the views entertained
by the Trustees, and acting III the letter hnu hpllt o! @
report herewith submitted by them we have not hestaed
FOR the purposes therein indicated to make further call
upoD tie stockholders We accordingly transmit IN CON
necon with the report Of all the Trustees the formal CAL
TIE COMPANY HAS NOT MADE MONEY.
II could not make money against i0ur established
DonopOes covering all the railroad llea OF the Uieu
the express business OF the county Should in the ae-
cate be done vt loss rather than that the pfincle
Should be admitted that such business was open To com
petition We have at least the satisfaction thAt thct
have euured the benefit Of the business pubic, While
In the constantly increasing business OF our own COM
many we the fullest assurance thal IL VIII soon De
seusaniug, notwithstanding the most vigorous cnO'ts
~ n,rT opUDnts IL Is in view of these facts that we
have unanimously cOncuITed In advising the E6ecuNo
Committee 20 make call upon the eapai STOCK Vi THO
W %rcfer 10 overstep the nds1horctofore xed by
e,e Executive Committee the probable limit OF ts
caI. 0.ud any excess Of which VIII doubtless dplohl
ee ~ fhe holders Of stock, rather tha lhe tust
perl shall accrue 70 the enterprise iro any M
~ rreasnTy or that the benefits Of the People. DE,
natchu Shall fail 20 be realized by our mefchihiS ana
manufacturers at the earliest possible period. a.
In full knowledge, therefore, OF the nnaiI- Jan
l condton of the C0mpa aud OF the fact thAt u is h
ite thorough organization and completeness anu H az
ING husinegs fully meeting our eXpet atos' anu ,h le @
fui belief that best ancipaflODs OF an ils
ultimately 10 realized, We have uhhesiatllsy s s
,nanIuoislV advised further call OF iLN Ehcbai troS
sTOgb, PA1HbIL ~ TWO lth4 Hln . "
Five Yss OEEr EACH, TAyABLE RbsSHcTIVkLY On 1nA