The New York herald., 1879-12-11

$50 900 OoO with the right to increase the same
may be authorized by the laws of New York. The
capital stock is divided into shares of 500 each
OF which s2,OO0.0o0 is preferred at six per cent
per annum. AS shown IN the agreement The
stock, and is deferred to the preferred
stock as is also shown in the agreement. The
corporation is TO be managed by thirteen directors
of whom the preferred stockholders are to elect
eight and the common stockholders i've. until snch
time as the company shall have earned and PAID
dividend upon the common stock. upon the nap,
pening of which event the directors shall be elected
by majority of both classes voting at any election
The OF the persons selected to act directors
the first year are:-Conrad N. Jordan. Engle-
wood. n. j.; Henry Amy Edward LiVingston
Edwin Parsons Theodore a@ H9as12n. Hn9on ''S Ya;
William II. Fenner. Jr.. Providence. H. l.; n. A.
Cowdrey. L. H. Meyer. Horace 5: Iayior ..t, =. r.
Young, Honesdale, Pa, and William 3. bartiett'
Clinton. N Y The Committee of Bondholders Isl
C. N. Jordan Henry Amy. Frederick r. James Ed
ward Livingston. Theodore Houston and Edwin Par
sons The Committee Of Receivers Debtholders is
as follows s:-william II. Wickham. Thomas Dickson.
Davenport Jr; William o. Mcdowell and o. S. Will
Jams. The gentlemen composing the former com
mittee. together with VII lam O. whitney, g. VIII
Jams and william II. Fenner. DR.. are named as sign
ing the certificate OF incorporation on this - DAY
OF December, 1871
Conrad N. Jordan, may be seen. figures most
prominently in the purchase of the Oswego Mid
land and he is supposed to have made the purchase
i'm the interest of Mr. Tilden, with whom lie enjoys
confidential relations. He Is also president of the
Hudson Connecting Railroad Company, in which
Mr. Tlden has q controlling interest. The reporter
called on him yesterday at the Third National Bank.
of which he is cashier, and asked him whether Mr..
Tilden not interested i'll the Midland roads.
'You had better ask him." he replied good
naturedly. "He is the only man that can give you
any information worth two cents.
Are you not his representative in the purchase Of
the New York MidlandT
II am only the custodian of the bonds Of the
bondholders. am not director. There are no
directors, in fnc because the certificate of ncor-
poration has not been approved. nor viii it be until
confirmed"
''ls it not true that you don't own dollars worth
of the New York Midland. and that you are only act
ing for another person?
'.Will you state who that person is?"
81 decline to do so."
"Please tell me whether the New York Midland has
been purchased with reference to equipping nev
II cannot give you the plans of the company; it is
not yet organized"
the Oswego Midland. said that the purchase of that
road might have been made in the interest Of Mr..
Tilden, although he would not say himself. He
did not think the rise in value of New Jersey Mid
land was OF sudden growth. He held some Of the
second mortgage bonds last summer at about fifteen
and had sold them recently at twenty-five and half
which he did not consider q remarkable rise. The
first mortgage bonds had sold at forty-1ve on June
l. and the rise since then he did not think was as
great as that of other railroad bonds. when I
considerably interested in tho New York
Midland. he continued 'it was intended to use the
line in measure q rival to the New York Central
We proposed to extend it from the western terminus
to Buffalo. and would have done it If the panic
ganized then the owners will see what they do
with it. 1t is possible that connection with the
Erie will be found to be advisable. AS bondholder
am more largely interested in the New York Mid
land than in the New Jersey Midland. The leasing
OF the Greenwood Lake road has been talked Of but
nothing has been done 80 far
Mr.: FIELD "KNows NOTHING ABOUT IT."
Cyrus w. Field. whose prominent part in the
gotiations with Mr.. Vanderbilt in the sale of New
York Central is well known returned to this city
yesterday morning from Cuba, where had gone for
recreation after the big sale.
her W anQrSu 1o6t tO mar fxuith
New York Central" said the reporter, "was there
any trading Of securities between him gentle
men in Interested in South western securities?'
"There was no talk Of anything Of the kind"
"In your judgment and from the part you played
in the negotiations for the sale do you think Mr..
Vanderbilt afraid Of line that would rival New
York CentralY'
Mr. Field smiled and then said he didn't know
anything about 1t.
"As you interested in the Hudson connecting
road, yeu tell me whether 1t will be utilized in
the new line to the West that Mr.. Tlden is thought
to be working upY'
II wish could tell you. assure you but don't
know anything about it. only own some bonds In
that road. and don't know of any line to the
West or what Mr.. Tilden is doing. I have just
rived from Havana, and you can hardly expect to
be posted on that and Mr.. Field ain smiled gra-
cin nlualv