New-York tribune., 1874-12-04

the mon against whom Mr.. sages suspicious were lev
eed. said After what President Sage has said and
the proof aimed in the letter. consider that Mr.
Sage's resignation ia good n rendered 10 the
Board" Mr. sage rejoined: We've had enough OF this
Ioosanessi There's business OF the Company to be
The directors were inexorabe. however and at an
present 1t was resolved that II he did not tender his
resignation be wOnld be removed. at all events
shOrn OF his power meeting was to have been held
ON wednesday but yesterday session was called at
which another scene was enacted. ths time OF very
ling OF the nosiest kind characterized the session at
ne close of winch IL was announced that Russell Sage
had resigned from the Presidency and Directory
Pacific Mail Steamship Company. Soon dfterward the
1ouOWlng circular was Issued:
NEvYoRx Tee 1874
To ne Board Of Director, Of Paae MAJ SeIulsap Con9lny
duties and engagements elsewhere arc 40 pressing
that the time Of President
and Director IN your Ccmpao heIeiors resign The The
is wise ard That
be " future history he sincere desire OF Jour OOelss
The resignation was accepted. and WIN. Ii. GGlon
assum the duties OF the office President pro tem'
The following has been issued,
oTVicH OF P.crlo NAN srrAusprr coxrAxr.,
STw'Yo%E. a'i' Dee 3. 1874. {
MI report u the condition Of this Company prepared and
d i u and nd nee 81 ns t last aDaa ana %
& amounts 'Re cos. aPe m'ps e q toe -Tee steamers coz
OF Directors that the which recently appeared tie
PuA 'n q. to '1s liabilities Of & ;GS GoTpas are neo.e1t
The following are the remaining directors OF the
panY: George :. Scott, Francis Alexandra lanes D.
Smith, William II. GulOn. TrenOr W. PARK, Charles j.
Osborn. Fred'k L. Tilcott and Rufus Hatch.
Il was expected by some thtt President would he
selected from the remaining directors but such
likely TO be the case. James Low. of Low Hlrrimau
Co.. regarded the strongest candidate. and the
Presidency offered him. but he has accepted
Pending an election however. William H. Guion Will
After the Board had adjourned the directors walked
mp and down the Office discussing the events OF the day
Iney were exceedingly TeuceDt ana wOuId give no
lOrmaOn outside O1 the formal crc Ilar noted above
Mr. Guon however, stated, in Response to inquiries,
tnat tle whole matter had grown out OF the result OF
the Iacot Investigation ana tho evidence contained IN
jay GoulTs letter 10 c. j. Osborn. Being asked
what eject the action Of Mr. Sage would have upon his
relations to the Panama Railroad Mr.. GuiOn said that
MI Sage would PROBABLY retire from the Presidency Of
that Company at early date. Nj. GOn was exceed
lngiy reluctant TO give any Information.
James ID. Smith OF the Board of Directors Of Pacific
Mail was also avcrse 10 discussing matter w1ci he
SAID is settled. Mi sage ls now resigned, aud &c
VIII DO good 10 canvass The causes Of that .esi-n-
ton, and II Cnt seem Ike making personal question
between II did My relations w:h Alm .1eHdy,
and he Glsclamed referring TO MI Osborn and HI sell ~
his structures short Of STOCK Ivy directors He
named Names bat SAID In e1tcS tAaU II the glove
fitted any one ne might put II on