New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-01-05
FIN1ACIIL FEATURES.

THE PACIFIC MAIL pIRECroRY-coSsUITAroN OF
THE STOCKHOLDERS OF TIE COLUMBUS. CHICAGO
AND INDIANA CENTRA.-
A ripple of excitement was created in tho
Gold Exchange yesterday by absurd reports OF pros
pectve complications between France and Germany.
The price gold advanced TO 9. but quickly reacted
to 1l2a The directors OF the Pacific Nail Steamship
Company held meeting yesterday, with view 10
making some changes In tho details OF tho
vessels now building for their service Ihey
also adopted statement explanatory OF tho
delay in the preparation OF their financial exhibit They
claim that its preparation has bee1 delayed by the IN
yestigaon the officials having surrendered their BOOKS
TO facilitate the abors OF the Committee The dismissal
OF Treasurer Niebuhr has not been revoked although
the Board has declared that nothing was known preu-
dicial TO his character.
The stock and bondholdcrs OF the Columbus, Chicago
and Indiana Central Railroad held a moeing Yesterday
IN the Metropolitan Bank building IN Plne-st Reports
we're received from the Stock and Boldhoders' COM
mittee appointed some time ago. According to tho
report Of bondhoders, the bonded deOt anountso
s24s5972L Tue Bondholders' CoHmittee state that
under the amended lease, the Pennsylvania railroad
Company is liable for the interest on those bonds ior
which the Company claims be liable The Committee
recommend that the first mortgage bondhoi0ers can d
meeting that class of bonds and sspont speelai
Committee, with full power " take charge OF the'
interests and that the seeoad mortgage bondhoIders
q
full power protect their interests, and that inc Two
committees cooperate far as their interests VIII
Justify them. The Stockholders Committee presenteda
report as follows: 49,, -, ,a-,
GENTLEMEN: Your Committee. aupoln'"d uncer tho
resolution adopted at your last moSDl, "eg leave 10
report that Ia the discharge OF teen duY theS nave
nad under consideration the matter reirrreu 10 theLn
and presenting TIE following conclusion CONSIDER
that they state the substance o al the dhcuilcs uuue
| which yOa have labored and the Causes which have
brought your Company into Us present eondi'lon.
alsO the sC-caed "amenleI lease aud contract, pur
porting to be dat Feb 1870, bat having the aekno%i
! lowing, have been examined with great care
and We are OF the opinion that the original
LEASE lease a9 and coStrac, fairly projecting and
susevng tue rights OF all the parties thereto Ine 80
called ana pref, nded amended lease and contract"
we are Of the opinion was conceived in DAD atD, was
consumma ed IN fraud aud ignorance, OF nhnrr tbe
pressure OF threats legal compcaons ana exposures
Oh que rir ~ VAS and il a Zeal and
physical impossibIy 10 carry ont We are 1uly per
sudded that court Of equity would hnd lhat
saen az wbi,b "emendment" proposed 60 largely
! aud absolutely TO sacrifice the nights aud inter.
ests OF tue lessor could have been execnted OF
consummaied with fair and qIltaue latent TO protect
the rights and interests q! the parties thereto aud h
! court would remand ths lessor, tLo lessee. ana me
guarantee 10 their respective rights and ODhgalOns
under uriginal lease ana eontr'c' uatrd JAP. -
1862 ami would said lease and contract to ne
! now binding ana in fun force anG tho pretended
"amen1ment" tAe.etO to have no legal or equitable
validity whatever We turtnef believe taIt &c means
used 10 ene c. the execution or tue so-calic amended
lease aud contract and many OF tue Attending clrcum
stances would not hear investigation Ia court vi law OF
equity. CHARLES W hAssLEN' Committee.
CHARLES DANA,
The report strongly opposed by Col. Thomas A.
Scott OF the Pennsylvania road and Others and after
great deal OF discussion 1t was laid upon the table. Mr..
Hassler stated that he had received letter from the
| counsel OF foreign bOndnO.ders, informing him Of
meeting held at tie Council House Dee. is, where
| Can't. LAmy, upon the invitation Of tue Chairman,
stated the claims OF the bOndboders against the Penn
syvana Railroad Company, and tAelr De sire mat tho
Council should cake acti0n ag .l15t ii. Can't BAmYs
statements were confirmed by f. W. Snag-e tie stand
Ing counsel OF the Council; W. A. Day and Others and
upon motion IL resolved that the Council SHOULD
take measures Tor the protection OF tne bonin0ders,
aud incur such expenses us might DC necessary Tor ha1
| pIrpose. II, Al, , 49,, ,, tt, 10 ,ha
recommendation OF the buBdhO ders rcp' r, meeting
OF the first and ecOn1 mortgage hOndhold ~ was thcn
organz,d. At the hrst mortgage boniEOldere' meet
Ing f. j. DePcyster offered lie following resolution,
! which was adopted: go 49,. D., IL
the Committee OF the bondboe be author
d 70 act Committee tn hr eousO ID norg'g bond
holders ana boudheTs included IA tie S5S%l OVO bonds and
eOdne 10 drat -see
mt bondhoiiers for approval ani eHecatisn
The second mortgage UOndho,dtrs then met anu
authorized the committee 10 act Tor them.
Toe claim which Williams Guion held against Texas
was paid In full yesterday by Messrs. Moody Jemi.
son. agents Of that State That hrm has recently sold
Texan bonds at 90. Tue January interest having been
promptly met the credit VI lhe State has accordingly
| appreciated.