A Chapter of ErieFields, Osgood, & Company, 1869 - 152 страница |
Друга издања - Прикажи све
Чести термини и фразе
action affidavit Albany Albert Cardozo alleged amount appeared appointed astonished banks bench bill bilt Brady Broad Street brokers bull charges combination Commodore Vanderbilt contempt contracts convertible bonds corner corporation corruption court Daniel Drew Drew's enjoined Erie counsel Erie directors Erie party Erie Railroad Erie Railway Erie ring Erie Road Erie stock Erie war fifty thousand shares Gold Board Gould and Fisk hands Hudson River hundred thousand shares injunction interest issue James Fisk Jay Gould Jersey City Judge Balcom Judge Barnard Judge Cardozo Judge Gilbert Judge Sutherland judicial justice legislation legislature litigation magistrate Mattoon Meanwhile Messrs millions of dollars once operating the road opponents petition possession proceedings purchases railroad receiver ruin rumors seemed Senate settlement show cause signed stood suddenly suit tion transaction treasurer Vander vote Wall Street writ York
Популарни одломци
Страница 31 - ... and the directors of the company may confer on any holder of any bond issued for money borrowed as aforesaid, the right to convert the principal due or owing thereon, into stock of said company, at any time not less than two nor more than twelve years from the date of the bond, under such regulations as the directors may see fit to adopt...
Страница 88 - The amount of these issues of new stock was, of course, soon whispered in a general way ; but it was not till months afterwards that a sworn statement of the secretary of the Erie Railway revealed the fact that the stock of the corporation had been increased from $34,265,300 on the 1st of July, 1868, the date when Drew and his associates Had left it, to $57,766,300 on the 24th of October of the same year, or by two hundred and thirty-five thousand shares in four months. ' This, too, had been done...
Страница 10 - He began life by ferrying passengers and produce from Staten Island to New York City. Subsequently, he too laid the foundation of his great fortune in the growing steamboat navigation, and likewise, in due course of time, transferred himself to the railroad interest. When at last, in 1868, the two came into collision as representatives of the old system of railroad management and of the new, they were each threescore and ten years of age, and had both been successful in the accumulation of millions,...
Страница 89 - Such a process of inflation may, perhaps, be justly considered the most extraordinary feat of financial legerdemain which history has yet recorded. Now, however, when the committee of the Stock Exchange had returned to those who sent them, the mask was thrown off, and operations were conducted with vigor and determination. New issues of Erie were continually, forced upon the market until...
Страница 65 - Erie were reduced on an average by one third; sounding proclamations were issued; " interviewers " from the press returned rejoicing from Taylor's Hotel to New York City, and the Jersey shore quaked under the clatter of this Chinese battle. The influence of these tactics made itself felt at once. By the middle of March memorials against monopoly began to flow in at Albany. While popular sympathy was thus roused by the bribe of active competition, a bill was introduced into the Assembly, in the Erie...
Страница 116 - ... yet, curiously enough, from a legal point of view, those in Judge Balcom's court seem to have been almost the only properly and regularly initiated proceedings in the whole case. " These little rural episodes in no way interfered with a renewal of vigorous hostilities in New York. While Judge Balcom was appointing his referee, Judge Cardozo granted an order for a reargument in the Belmont suit, — which brought up again the appointment of Judge Davies as receiver, — and assigned the hearing...
Страница 54 - The result of this extraordinary litigation may be summed up in a few words. It had two branches : one, the appointment of a receiver of the proceeds of the hundred thousand shares of stock issued in violation of an injunction ; the other, the processes against the persons of the directors for a contempt of court. As for the receiver, every dollar of the money this officer was intended to receive was well known to be in New Jersey, beyond his reach. Why one party cared to insist on the appointment,...
Страница 42 - The treasurer was richer by $ 180,000 directly, and he himself only knew by how much more incidentally. In like manner his faithful adjutants had profited to an amount as much exceeding $60,000 each as their sagacity had led them to provide for. The useless lumber of conflict, consisting chiefly of the numerous judges of the Supreme Court of New York and their conflicting processes of law, must next be disposed of. Judge Gilbert was soon out of the field. His process had done its...
Страница 11 - He involuntarily excites feelings of admiration for himself and alarm for the public. His ambition is a great one. It seems to be nothing less than to make himself master in his own right of the great channels of communication which connect the city of New York with the interior of the continent, and to control them as his private property. Drew...
Страница 146 - The stock exchange revealed itself as a haunt of gamblers and a den of thieves ; the offices of our great corporations appeared as the secret chambers in which trustees plotted the spoliation of their wards ; the law became a ready engine for the furtherance of wrong, and the ermine of the judge did not conceal the eagerness of the partisan ; the halls of legislation were transformed into a mart in which the price of votes was higgled over, and laws, made to order, were bought and sold ; while under...