New-York tribune., 1876-08-05

~ gHl
! S,1,.. c,,l " You can do that Y0d buy ",ooo
I,s -, iI1lson River and hold IL tor a'1a' ave years
! and voi will have al the money N"d WAIT i""
River was then ceiling AT III, Ihc H'"u t"""Sn' no
WIS not sincere, rut simply wru'cd 10 '"uu' 80
,h,r,. VI stock up,u Ina. 50 he dl not bay NeWf"'"
C,era with 70, Dividend, et' Is now selling At l"''
,i,sI,ut to about 500 which tact shows thar Mt van
a. , i .ipctr, ia his advice tGat hc really kno" '''e
y.!ar ot the property. aud that he was no. d"uo''
I us With his ir,ynd lie always s"Ib Il ""h "u'Is'
yoa t. speculate that is. bnSns on mar h' no
+ sati Euy thc stock aUi Put II away an" II l''P'c
: hal followed his advice, 81 far rs that Is CON
| r,.el they would. oi course, have maGc con-
! ,t.,,ll, ,,nuey lie went on With the Central,
o., ,,ui,rpr ON the one hand, dsclHrginc useless ch
r,ts aud those WHO did Lo: attend 10 thcir business
pragticiug the s,uccst economy, seeing just 'NacS
when, the money could be saved IN running ire I"'' 'c
get An exact daa of what the road could 10 ahd 'eSis
how much property represented ia the road ana OF
Low much greater value il actually was, nc c'"N'"'"
: ,i,,, bc wau,d make an extra dividend IN New iolA
/ C,utral and pay the dividends upon this increased
| capital.
Ills story 10 a friend about that was that he only
advised with hester w. Chaplin now OF the Boston NJ"
Albany Railroad, about the resources ana cap'al o' '
! couuauy Mr. Chaplin advised him 10 make mp tue
captd 20 Sl5O,OO0oOO, hut he would not do
that and made the capital SG0,Ooo.Joo Tor 'ne
! two roads The first increase OF the ca!ltu
stock cf the NcwYork Central 80 per cent IN scrip
That was done on n Saturday night. Tie meeting was
held at Horace L. Cars house ana TINS di'l'hi was
declared When business closed ON the street on o''I
day afternoon the stock sold at l33 and wien the OToh
e1t went back on Monday morning., the quotation was
IN The Old gentleman very anxious 20 know "iat
the street -ht Of that dividend and he was very wen
pleased TO know that he was popular lhcfo u" wen as
with the mass OF the public. There was onlY one man
amons his friends who did not like IT, and That was
Ri,lard schtl lie thOught the old nan should nave
|s.g. l. 1rI m Uf
one other man who of the d,tas. and that was the
secretary of the Company. Then on sunday 'he 'ou-
mcaorc had ali the bookkccpcr and clerks employed IN
I making ont the scrip dividend on ms Stock not
on any other. - IL sunday, no injunction coiid Dc
/ cot ont aud for that the meeting was heIh on
SATURDAY. night There was Of course some stock s"d
ana bought at the Tnh AvcHue Hotel that Sunday TIC
Commodore very sncastciily remarked n he declared
the dividend in this wsy ~ - give tie directors an
equal chance TO buy stock on Monday morning
Tuy ArTfAPr 10 CORNER EiuE.
Now We conc 10 the Co'nmodore's attempt to corner
F,i, Richard schcI and one or two otLcl, lad before
lin the ADVANTAGE he would derive by b,nS master of
| the Erie ami Ncw.York Centra roads, as New-l"iN
wouiI tEcn ba closed 10 al others hut himself MI
sclc happened 20 large quantity o. E7Ie st"'E.
| II Us with reluctance. however uat the ca
man consented to 20 into it, lie bought siock'
/ still kent buying il, until he saw that he
had bought more than the capita! stocs, but SIN 'Ao
s.o kcpt going at. Mr.. Work, who was director o 'hc
c1apauy Ig th, Vanderbilt Interest. Wa r'ac' "''S7
and during the .lne O! that rolufai th" first
"a 400 extra shares of .he Fac was pat the market by
D,i d Ir,r. through A lrol o. IN Wa!l-st. The oil gen
: ..tI..t a.ftgt u,o q, Ind strike, AMI gave an
or la Richard ~cic NuD gtye it 20 Rrius lliicH' VINO
In turn give II James Austin, u bug .Jo sh'' al
Erie Railroad To tucr perfect ason-hn'ni "hrA th'
order for 5000 shares Wa sent INT" 'ie b"'l' anu
hus,ia BEGAN 10 buy, r I.is clue sold En the 2'"oo
,,,ar,s .I nG.rsd him more, Tie Instructions from
rrc,r and rl yer, 20 ,r tac Oci dowun0' 'otry aud
at a ,-, ,,ricr .r IT, Ircy wanted 10 ,ct thc ABILITY
| - ,, y.-,,,b.i, ,art- IN g,r,v The stock. Z.
! " - -, .,,, '....r,,. ...,, ,,,, t.c stock which
,.',..., 40 c,,,,,,,,'- orl,e.
/ 49,. '" 900 80. ,,.......Io.. ,,,ir. hal been
! i"'5 W. -, 49,. t,uovg,I II ~,
- - , ,, ..,.,,.. .. ti,. s,orl, I.yrlau.,. 10
,rtit.,t.s ., ana, t,r- should appe4. valid
,.,.,r,, on ,,r .,-,.t Tl,s. .jcGO slurcn which
a. ,I,,. norr.ii ,,r g.. t.,. X aaI Toy SOL
- ,. -, ,.r,... t;...r.., They had tho now.
! - ....,,. g ,u lt., -, wiz, 100 GgO nor. Tn.
| - - ,,,,,,o.d,,. .,.i ,,,v v,ut ov ~ Jc-
| ,',t ~. ,o,.,,o ...,r- ol ,toci, ;r .'. ...
- 80 81 ,,,, mob o. .. a.. aud ,atrc owe.
-. 80. ....l I'd WIN, III. , ,a.,drrc ~ a.. .l,
"a, .,.. ,J MS hands oil. and GoLld & . ..t tAgt
IN, ,,1 th.,o q, co,... i,,uhl sn,onp- ., money.
49,, e, ,,,,r a amt neu,, ag,.rt T.. . ndcrblt
! - .... an, n. ,... y.t, r,., ..,. ... ut that
/ " . ., ,;,,,,;. M, ,,,. very y,... ... .. ssytl.t
,...,. , .r,,t d,al cf danger q. .. g.. I'D aioui
! -, ,,, ,,.,. all the ,l!cnt g., nee tHJt hc
g.. o.. Ch,ain,d from every SOL. e. d. la.oIIna-
,,o. 4, .,iI "a beat the Eric pco1' sch De- ul!-
,a. H. -.. ,.escd Iuc lawyer, no ..l were Charles
C.,,.anf Horace T. C'ar< and Rep, tn other r.to
W.. r,u ,euteI by David Iddcy Iic. I'D y"uns ti'd.
Bat d. v these proceedings, she D. who STOOD De-
;,c.,, q. .ou,,dorc Vanderbilt AMI I.IC pa.ty
C.,-.c .tig,,rd then Judgs OF o., RENE Court. Ur
did a., td.al u, zoo. fnf Vanderbilt hf ulInot.ors.
-, .,r,,,t ,,bc, ont pf court. Guild hc with the
C.p,,.oa.c. either at h.s o.a %. ,!r c.Ih ami. Of
.f.