Newspaper of The New York Herald, June 30, 1860, Page 3

Newspaper of The New York Herald dated June 30, 1860 Page 3
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Mate woiiici ind the skeietea was considered to be ro I markably well developed. Mr Dow ordered a now ?ek j coffin u> be made for iti and In a few day* the mortal re ttne of b!? w!fh wilt Bo consigned on board an Ameri- I tmn steamer, in order thai that the* may be retnterrod r la Mount Auburn Cemetery, Boston, Maseaoboeette. Itatljr. The Official GomLU of Turin, of the A3U*, publish** tho <ii foHowmg royai decree;?? Victor Emanuel II., Ac., Ac.?Tbi Senate and CUam0k ber of I epulice having approved of: Wc havo sanctioned, nad promulgate what follows:? Ihc go. c rum cut of the King >? authorised to giro full ^ and entire execution to the treaty concluded between Sari! inia and France Tor the union of .Savoy and the ar* ronuisst mcnt of Nice to France, rignod alTunuonthe Aith March, the ratiilcations of which worn exchanged there or the 30tU of ihe mom bwU and year. Wo order the present decree, bearing tho seal of lbs State. to bo insurted iu the collection of the acts of tho t government, commanding whomsoever it may couoern to Observe and enforce it as a law of the State. L Given at Turin on the 11th June, lttdO ^ VICTOR EMANUEL. C CAVUUR. Trmw, Juno 14,1$*). y Tne Misiator has presented project for a new loan of w 1M .000.0001 Marshal Vaitlant has arrived, and is lodged in the royal ET lie will breakfast to-morrow morning with the I I HwltMrinnd. [ < 1 K\*v>, June 14,1*60. I Ttie Grand Conncll of Geneva has presented. as a token I of esteem, documents ol naturalization as Swiss citizens f to twnuty seven Savoyards, tho late chiefs of the comm<U> for the annexation of Kauoigny and Chablals to Sw user land. Tlte Austrian Cabinet, in reply to the note of tho Federal Couucll, dated 2flth May, gays that the general state of affiurs does uot permit Austria to take the initiative in the Conference. _ _ THE AMERICAN TELEGRAPH COMPANY. Mi CeMreTtny with the Pr?? meaned MeetMg ?f Witlwhlwi mi the Aster Bin -The Question at bene?A FMI hfecoselawThe Cea* LL preabe Agreed mm, ^ fcc., ki?) kit The adjourned meeting of the stockholders of tbo Ainericun Telegraph Company, called lu relation to tho dllllcutties between tbo company and the newspaper prees, was held at the Astor House yesterday. There was a largo attendance of stockholders, and several members of the press of Mew York aud Boston were present. The President, Mr. Zkms Harxvm, called the meeting ^ to order at twelve o'clock. Mr. CamiHinoK Li\ i.NueTox rose to offer certain resolutions, winch he expected would be ad <pto<l by this meettug. Ho hud said yesterday that ho believed that the great propoi t.on of the stockholders had made up their Binds: but ho was rlso satiailcd, from what occurred yesterday, that many of tho largo stockholders ? . are desnous of baring a discussion. lie had A supposed that all the stockholders had read the 9 pamphlets issued, and that th< so pamphlets were ! the fouudalion of the call of the meeting; and believing that a very large proportion of the stockholders preferred * that the discission of the private Interest* 9 af the company should not bu had in publio ' he had moved an adjournment. He bellorod that a ma ^ " jority ot' stockholders would have voted for the adjourn -d saeut, and that the interest of the company would he benefitted thereby. But gentlemen had differed with him, and now, Without discussing the merits of the question, fee moved the following resolutions:? Rnsdvod, first, Thst the stockholders of the American IMegraph (.V nupany deem It inexpedient to take any ac- I ttoa r> latve to the bur mess for which this meeting bus been called, it legitimately belonging to the Board of Director*. Resolved, *e:otxi, Tliat we have full confidence In th? abilit\ aud Integrity of the Board of Directors to manage tile business, and that equal justice will be done to the paMIr, the press and the stockholders M*. Livingston went on to state that, although the rcaotations of a large proportion of the aiocklioiders reoommandatory to the Director? ought ti influence a body of Director?, still they had no K-gal power; therefore, wtial ?m ingot lh} inu iu mm <>i nun moei.ug, it ooaiu nave BO controlling power on I be Board of Directors. The Board of Director* were, in fact, the Atlantic Telegraph Company for the existing year. Ho bel ctcU that was the law throughout England and the United States. Mr. D. D. Field would llko to ask whether Mr. Living ton held that the Legislature of a State, or that Congress, had power to make conatltntions. If not, neither bad the Directors the power to make by laws. Tho analogy was not at all perfect unless there was a special law of New Jrrtry making tfce Directors the masters and the corporators the a rvants. Mr. I insoSluB?Tlie Idea of the gentleman Is, that tho people liavr a right to make the constitution, while the issgisUUme a i jglit to nutko 'ho laws. We agree la thai. We haven ^institution. We are acttng under onr charter aod 1 tupp*-o Uiat that Is our oouatltut on. We ar ac'i'g ut <tcr bylaws authorized to be made by ^ Virtue if the charter. Mr 1?. P. Finn suggested that the charter did cot aathorise the Directors to make by-laws. Mr Livimistoz understood that it did. They had bylaws. and tin*"' most continue the by laws till they are repealed His opinion as to corporators was that they Bly had the po cer to .ustrut the Directors, and the Director- might or might not obey such Instructions. M the Boar'! f Directors did anything as a malversation la 'Mice, wlii-lln-r they w.-re instructed <-r not, the law would' 11 m li lie u.?r? a nv ml.er el ?:. H ;f>l Of Directors, and were instructed by a largo preport.ua uf the stuckte'ldera to do an act Wtuah ho was unwilling to do he ?hould resign. lie would not disobey the stockholders, but be would dispoao of bis stork and resign. He thought that tho questions wbrh they were called upon to dlecues, w ere questions of detail wwiiir-iig a lumr ai titiainLaiii*i? tr t-i? maiioirs r\f t oor)?rat?>n, to t>e well and pr<<i*Tly i<IJwu?l. tie therefore regarded tt a* inexpedient fur tho moeti.i* lo w? resolutions that would control the ? Hod <j? Ike Bnerl of ntceetor*, who Imm) 1?e*n.entrusted with their -fewer fruiu the foil luufidenee of the stockholders in th< Ir tnv*?r'ty ability. He believed that upward* of onolouri.' of the whole flock of the CV>m|?nr was owned by ntwe Of >h? twrtve Directum Ho ?n, therefore, anw:lttww to Interfere with them in questions of detail. Mr. D. I>- rmu. proceeded to argue aa a preHn.'foary west too, C*d at jned at eowstderahle length to show 'bat ike Director* whc had eetaMlahed the by law* had no each power can.^dTeo ppeo them, and mored that a cant, antec he appointed to co^aoK ooorml on the Subject, and ft the power to make br-lawj waa r--?tod in the corpora- t ten. to report a set of by-liaws for the government of t Aa com) any. i a* Orer anbourwi??coaom?d in the diaemeioe of this polet t by Mr P. D. Field,Mr. Jtueeell, tho Secretary. and Mr F. , 9. J taHtk. Aa tt *w a 2W*er ?f legal owiatroctlon and | tM in which the eeatwny S eooarned, n rah ? of the d kernel on on thaTpoint won* not M Tlkoty to * wrote tory hit?reetlas. W? therefore omit It. t Mr Haw in aAr*d a rrwolwllon that Amos KaednD, i ftunw Free lend mid Horace Galptn be appointed* wo- ? milter to take into consideration the difibrenca betwhCq i tkn new'paper pm* and the American telegraph Com- . c ray, nnd to report what arrangements ought to bemada U order to adluflt the aaats. la support of the resolution I tl ke read the following statement, prepared by Mr. Cyrus 1 ti W. FleW, Mr. Hunt and himself ? r The uiidertlgned, haribg roDvurrwl in Um necessity >4 b aal'lr.g 'a macal meeting of the shareholder* of the ll arrr'-r- Telrgrr.yh CSmpr.ny, doses it incumbent oa ? thar to Base a brief statement of the strocmstanece - iwhfh hare (."ngtralncd them to take this strp. j n Wbtn, by prudcrt counsels aud mutual ouar-wione. a honorable to aR lb? parties con- Trued, the osDeotMalwW h of Uu several c-mpanles which couiroiled Uie seaboard d Jib** "f Wiegr?i'h b?|wa?a Mala aud Louisiana ??? elbrt- ?| M. under tba general charter, whH.b create tt!?e prer ut r kaoericaa TeW"!* (Vnpioy, ft warned that IW aflhl-t tware placed on a basis of ?.<hii lug prosperity, which, a wtth proprr management, m adeeraa circumstance* > * emild disturb This onnaoUdation could ner-r bur* l.een 7 tfW-tod hut Dom the gswwal con vie Hon in the ? jatads of the proprietors of thw . uef, and > nt it.e untitle, h* win we IxisH.eas (lie lists Were h aalaiaod, thai the great saving In ttao cvpcs*- of opr. at tag aiel maintaining tlw-m under management, w-iW rath e U)? n idted c.-ropeuy to offer to Ibe |"iWk' great-* Ihetllllc* In lb* transmit*'."!) of Intelligence. and in the aaarae nf tan* at redseed ratra. TV reailta thn* fhr b*i o barn roch at to fart ifjr the reasonable expectations of tho (Heads of coBSoMwJab. Tbe earning* of the com paay. even before the fell effect of clnetng rival ??ce# and dw barging riral opert tor and srvanu la felt, bara enaM-d I ha direr lorn as amko quarterly dlvidaada of three par seat, baatd** bqrtng by a considerable amount for tbe coat Unction of new fir?-?, and tbe discbarge of the debt incurred In buylag eat tbe latereat 4 Mr. r. a J. Bultb In the line* and laueti fader aucb clrcumataacea, and with a practical monopoly of IV baaioea* af tbe seaboard, tbe moat raluelito la tbe country, It M remarkable that tbe atook af tli. c mpany baa steadily *nl-t below pug, uad at Dm * praerat time la difficult of aal* eirapt at a great eecrigce. When tb'a t* << ntranted with the market vale* ?f tbe Mmk of oiber com pea tee, earning much lorn la amount, aad declaring tbe same rate nf dividend*. the aMrnllsa of lb* observing Miarebolders la arrested, aad an examine tkoa if the eauae* of ibe unfavorable c miliar toon Invited. IT the capital let* were reasonably sure (bat the earnings af lbs company con Id be maintained at the present rate, withe:t pr?pect eras nf My iaoroaee. tbe market ralae af tbe stork might to raaga between 176 aad MO. To taaare this vain* Is lh? obrlsas latereat of every a look \ bolder, aad tbe plain doty of arery dlrertar of lb* oaaathe Board of Directloa. tffitiplly, there Is a de I i Ctded <1 Iflereno# nf opinion as to the policy by which this desirable r-*nli Is to be attained Tb* aaderajgMd hare acted upon the ballef thai aa tb* revenue* or the company were already ample aad ffgrfctla to tuoreae*. tbe n\4 wladoin was "to let well enough alone." 1 l^atr me baa been " qeeda aew atmara." Thoy have not been insensible to the propriety of cnrr?eltng amall abneee, ai d tatrmlurlng eyairm and regularity tut* the tariff "f ratra aad tbr order of buaiaeen They hum believed, and are Mill rrre, that all needful reftma ran b# efftrlnd wllhoul diatorliing .be fkieml'y retationa which have rt^ted lirtwern the rorn-atar and any eonalderahle rim* of lis rust iner* They f-cl, (Ml II it abon'd appear thai t*e rates chargt'd M any no cl*'". a-v l*e* that * t - ? - iriw 'tO^ ths rates charge* to o*ker rltfM. Ik tbo abaenoo of tornplaint, tho dirrctose to* not cabrs upon, and in ffect oeght not, to incur the great runt ami renponaibiiity at unsett"in* tbo foundations upon which the buamess and tbs profits m ths company rest fh? undersigned have at all times been opposed, and Still remain hostile to ail grants of a uncial privileges and preferential claiir.H 'n tho use ot the lines of tho company. If reductions in the rales are made to ona class of customers, in consideration of sending long message*, these reductions should apply to ail other classes who seud long uu iwagce. If rivul organisations are formed for the traili-mie? on of news, they should havo equal privileges in the use of the limes, and tho succofu er tail ur? of such organ iaatkms be left to titeir own enterprise and ability, without relying upon the company for adveuUnions obi. strict und itnpurtiai justice being thus dealt out to all rival istrtb-s, it has upiieared to the undersigned unwise aud dangerous in liio extreme to Utmiicr ra.iVuially with (he tariff of rates, so long as the aggregate result mm found sail-factory to the treasury. In there opinions, or rather iu this t*>iiey, the majority of the Roaidof Directors do not appear to concur. By the a< tiuu and declaration of tho Executive Gnnmittcc, which thus far has been Kiintained by tho Board, the ur raugemeuts which existed witli the pn m at ifao time of the consolidation have br n disturhed. From a perfectly harmonious understand!, g, the attitude of tho company and the press is now on - ot hostility. Tb.a unfortunate state of affairs arit ca not so much from the actual changes which havo been made, although they are strougly objected to by the newspapers, as from the feeling w hich bus been excited in the leading proprietors of tho public press, tbat the c<.mi?ny Intend to ineroaae the rates, and in fact destroy all the existing arrangements for obtaining foreign and domestic news. The (Tocluration has bceu made to the undersigned by Mr. Russell, oro of the Executive ' Committee, that the New York Associated Tress must be 1 broken up, and that menus would bo found to acooiniilish T this result? Now, it appears to the undersigned, that tho ' Telegraph Cemiwny have no moro right to engage in the ! destruction of the News Association, than they have to ! ores* up a privaie iinn in truer uiai cadf partner may i be made to pay M|*r*tely for the despatches wh oh would conn-to all tn common. The right to combine to procure ' Intelligence Is U sacred as the right of the stockholders of this Oompfiny to nwciute t! emselvet together to build and operate "telegraph linen. It would bo considered tho height of folly for a merchant to ruin his customers in the hope thut better ones would arise, Phenix like, from their asb<*. Although tho undersigned predicted from the outset, that the press would bo ,'riven into opposition by the policy sml de<'oration of the Executive Committee, the crisis has been reached much sooner than they aDlioijated. The receipt of 'he annexed letter was the first authentic evidence of the width of the breach which bud been effected ? Kxw York, May 90, I8ae. Z. R-tcxrw. E?e., President of the American Telegraph Co ? Dear Sir?The tires* hetwoea Hoetcii and Washington desire to ?t t iu haruioi v with ihe exiling telegraph companies of the country, end especially with the American Telegraph '' sapv l.y and to insure friendly co-operation on bolli sides, I be Xeve York and Boston press, sating for tlmmseiva*, but representing. as they believe, the tics s of the tending newspaper proprietor* but ween I >*u.u ami Washington. ivspertfnlly request: I. Thw Ihe A met lean Tvlegreph Otsnpaity will, on and af ri , ippTi he lame principle of reduciiun nr. leng reports, sent to or from tbb ft ?t, ss Is now in tores between ?\v York sir I Ws bbniton; slan, that the seme rules should apply to s'I hie s esdb of Wa?Mngt.?i?thai Is, full rates for tha first noe hundred Words: two-thirds rstes for the uext tnur hundred words ur least .ate hrdf rates t.ir 'he next live hundred word* or less, and one third of full rate* for all words over one thousand. 1*re?s message* to 1st counted eotuiniiousH from morning nil two o'clock P. M., itud aunin front two P. M. tiH ;he ctoss of the Hues at night i. The' die "press noes to way papers between Boston and Xi w Vi rk, f r .nop c.))iii s ,1 dm lUroogh reports, sliotild be fixed die a Venice ?uut mud to the line during die thro uioni'iis ending Vrix-h 1, 1SC0. 8. That .he American Tel* graph Cnmp?ny shouM nc* Scree, through Its lea.Ung stockholders, to elect ss director, at die uext aniuud meeting, or surlier, such person istookholder) as Use maturity of tb? lio-nai wUncs Into rested may select; sis.., sill li till re i.er?Mm <?(.? 1.1,.ike Is) rs it til ijorlll of ihe A?sec'.i d I'ri -h oi New \ ir* mav indicate: also, such one person intisHtholder) ss a majority of ihe Philadelphia, editor* may suggest. 1 11.at die sal.t Ave directors slr-uld la) understood ss representing the l.rvss of ibe real, siixt, sir! lii.it tliey slioidtl I'd eonsthuie.1 by the cm pony n Committee. with ftw newer to do elite upon rll nnesiMHis alfeumg Hie interests of the press in its d 'lings with itm Amrrtesn TeTe rsph t'ompouy, but ivltbod the powwran alter the urltf ot e Usages to I be press without the s nethsi of tic President. Willi these concessions to ths priss Slut Ihe nubile, m?1 by the aihiptii.il of all real Improvements In the building sod Ibis wot king uf lines; the etnpim m-ul ot the best operators; making die closing hour of the lutes between Ronton rod Orb ans iw-ehe o c iick, sml between Itost.in .,,. | N. w'f *h nl tin me when the steal -rrc fully due; ipcnlng the !,u-S si Holidays, morning and evening, evaetoig mailing extra for repeals depndtrd iu the telegraph nfll.. a t,ef..re twelve o'clock nt tilchl; keeping at 1-sst two wires fnlly manned hotween Tew York siul WMbiughai during the sessions of Congress, 11 midnight. sr. 1. ? much hnir< r a< n,..v be < u v for Ihe inriaiit despstrh nf press rsports: keei lug at least oiie wire ot nil dines, betwoeo iwel.e M. sir! twtu P. M.. fully manned and iiijCcnstant readiness for the instant tranamisst.in .g ail press reperls In the order <if tbetr delivery?we heHere that all parties us.iig 'he wires e?n be mad* |>ei I'eetly satiat'exl, and dial the American T< leriaph Company may look forward to a lung carerof prosperity. To -! ow ibe ronsouuhlenrs of the foregoing renuesia of the pprss, H naty he etao d that the press between Host m and Wn-lutigt'Si issitribu'e HiunutUy slsiul oue ..utvlred ihmmslid lollsrs?? sow suOlvieul tuna) seven per real upon the whole e.jdlsl of ibe Ainerksu Telegraph t'ompany, and nearly hundred per eent upon Ihe espitnl required to build a new Olid Ihi eri.tr line between fbstci stwi Washington. 1 be very large sum w lib h the press enntrihqtes to the support of the telegraph, and the intbnate retail.ma w hich hare ! grown up Iwtween the (raph an. I lla- n?w?paper limine** I .?f Ihe roniitry. ux-iultle the pre** to mi fiitluei.u..) lion In the rontrnl of the wire*. wtileh *? triiKl will l.n .-beerfully row-oded by the officers and stockholders o> Uie American Company. Ironing thnt yon and your associates will aire mir sagge*. iloni Immediate i-ounldrintion. and iliat you wUI favor u? with a reply on Tuesday, the 5ih of J iui? nevt, we remain, very respect: nUjr. J V ,|1W)S WKBB, Courier and Ennnlrer. J AMFN GORDON HKNNKTT. New York H-rald. IIOR ACK UKKKI.KY A Co., Hew Torlt Tribune. RAYMOND, WKKI KY A CO., New York Times. J. * K HROOKH. New York fc?preaa V N liKACll, New York bun. MIA I l.ix K. 11ai.K A IIaIXOCK. Journal of Commerce. JAMK8 R 8PAri.niNO A A. CUMMIXOffi The World. W V. BKY \NT A CO., Keening Poet. FRANCIS MALI.. Commercial Advertiser. CUa KLKHIIALK A CH AH. V. DUNBAR, Boston Daily AdflT uRNRN A CO Bmrtoa Host. JOIINC1.ARK A CO RAton Courier. 1IKNRY W. IH'TTOR A bON* Boston Evening Transcript K. C. HAII.FY- Boston MerabL BlvK PRINTING COMPANY. Proprietors Boston Daily Alia* and Her, and Bom- a Keening Allan. CHAR I.Art O. ROUKRl-. ilnslnu Journal WORTIIISGTON, KI.AKIIKR8 A CO, Boaton Traveler. Bscepilng tk? wiwda "opening Die line* od Sunday morning and eveutag. Aa to the propriety and renaonablenen of thin letter i there la considerable difference of opinion. If the Telegraph Company worn in demand of the editors the right i to manage the newspaper*. u|*w tbe ggwml that the toclbulicr*, officer" and servants of the Com|amy buy a |Af(M lltimbrr fif fdlliuMl tlailw Ihfl rfAmarnl WOnM AAetnlm. 8' not be llatcned to. The stockholder* of the Telegraph mi any will, in all human pr<>babillty. deem tt their | I i III'I Itily, I1|I.1?T ml rircuiu-Uncra, to control and lanugo thotr mo , under <rach renannahle regu- ' batons ? their duty to the public demand* and their own i Intercom dktate. The main point In the letter call tag ft* consideration I in the promt comcclina In the fact that between the re- I l?>n?lbl< manager* of the Cumiwny am) the Prem there i* a Uiflereuce of opinion lending to objectionable demand*. i The undersigned, d"ehvn* to allay the eir!tem<*nt, bare I taken orea?nm to confer with the member* or the Mew i Y rk Aaruc!ul?~l Ti'-ta, who ooaore them that they rrally 1 lerire nothing unreasonable, but that they want their I p? iltton drflmd. and a contract for a term of year*, aa to 1 their bn? ne?i, wb'ch will not lea re them at Um dally 1 mercy of the company and its committee*. They al?o I maurelh uno.-rtiane I that an leer their relation* to tha I lop.-ny ii" .- d. lined, they will l?e eotnpelled to mure i Jie construct ion of an oj>p-eiti?>n line between Burton and I *'a.*hli?*t"c. by wtndglag It to tlielr hurlneaa at a prlc* | cbMa' wl" be ' l*" wi.lto tnalaln It. Aa a matter of fact, i hey ft,.rthcr atabrl.that being aattaltcd of Mie impra'iblltty o. i1m " being able to mm to term* with the I ,rearni bcc'utlvc Committee. they were no tha point of doetua a r-oat/act *ilb r-rpouaible lwrtKl :?r lb< : < OruoUoo of thla . ** ?? it the mil aoUriutlun ?< | be andarntgned, u>f agreed to haAMUat Min mmi! 1 rierthia meeting mV"*hetdere,wh?eh the mmfwlgned i mdertook to cohrcne. ? ^ < Havipg aae.Ttome.1 the \ lew* of the Now Torh Umo 1 dated Pr- ?a. on# of the '.iwter>*n?l (Mr Hewitt) had on t rvkw with Mr. JUiaaell and Mr. Ahleu, a majority of r r- . ntlvo Committee. at wMch Mr. M?rrlo, the a '_ w pr'Jtt. ?tn fhr a* h.< tra? able Mr. Hew Itt t ri.i-.nrrt tha above rtau af mete, aa thry appa*r?l U> I. sm A cs'ngrr f? ?>* ^tni?ny. and h? Inquired what lw^* til lb- br nBaor U'e c!rcmn r ,, " J!i .aslanttallr that he woh VW* Im (. <4 th- Mag. ink .Vilndto, beving |*M alicgi.1"" to t ft.; a f<w nolitha only , u?*? ^ ?to ? S'""* 1? ry WUliiernt enr.r.lnaton in r.NBN ? ? he mu*| aTc rcmft'lcnco in the kjuctiiivd fbmffiltke *ho ft*" cYolcd many ycura ri pntlctit attert'oii to the anbject; hM ttvp'Mc) wu ft my ?vcrj'. but tt irtll all come out lpbt: and thrt in i?tl mnntha he would voluntarily rovne n the committee ntxt armrc them thftt they ware rtrUt od he vrn* wrong, and tUaok tbem far baviair taken arch cod care ?T the interfile of hlnrelf and ubl fritt'-l. S?nqgh they to impart tbrir view* to Sir. Hewitt, tr. Ruaw-ll tt:it?-l that be bad lullr explained them to tr. T. 0. J. emitb. who waa at) >f( ligfilod with Ukw tlutt ic ru prody to eVrhany hi* bond* for atock. The Tbdrratgned regret that ttiejr cannot lay beftw? the tiTkboiit'-r* a more explicit rtafc mrnt of U.e view* <4 the i utlrc Cwmnitu % but they cmaole Ibemactvw wtib H? cooii'l'met t to tb?lr hifflitjcnr . nod with the br ,4 hat the Pxerxtlve rv>mml"?a will rwdearond la txpktift tt I (to ftttM khobtera wlmt they dauy taadtreetor. it up imsiiti o n.mitu e arc auauincd t?w tie BharamWera. the eriKtrwetton nf an r-pr-wlU.-o line between baton and tVa?hin?ton ate. ?r* h. the under* tgnod to b* a*viwbie. Wo are aware that yon will be told that the lu ertrvn Ttkgrejdi Company own the Mm to, Hugh-* p'l Ikmw patent*; that yon hare eicloalvt rlgbu of way J< ng railroad*, ard enntmrta for rrcluaire Btoiacltana nth the othrr fi< graph l'naa of thla Continent and tba lud- ralgtcd folly apprrciate tba value of theae putata and Jic Mrength which the company dertrea from the toI tuoiia laif'ia of many year* to antranch thiaiaalroi sahirt alt etimM It i? mi* to amrnne. however, hat a rmta can he aeenrad between Boaton and S'.i-Mnfi' tt; and in etew of the fact that the cxtatenoe of be More* pateat did not prevent the ennatructton of the louae lite e, end the exletanor of both tbene patonta 4M tot pri vent the ronatrnotkm of the Bngbea Ifaaa, Utot <ne in * method of oporatl^ the Unto will be found, or < me old method not covered by tbwa patenta will bn ippltad. The coat of ronetructtag a Mae adrqaata to tb# v-tnen? won Id, probably, not noted MM) ,000. II la ?cF under* tool that the main bulk of the hoaineaa Ilea wtwaen Waahinytoa and Bnatoa, and much nf it M of a tatttre which doe* not require toy connecting linen. The ittentlea of Urn oterkhnMdra la now aerkmely oalted to he coadMioa la which tbia company will And itaelf to neet competition with a company employing a oapltol of woo one. and ?attained by the hanlntto and the influence if the leading new*papei? of Maw York tad Haw Ragtod. The Am anaaa IVterraph Chmpaay baa a apttal of about Oljecooo, and a dabt of ihoot $900 ooo it awna the Uaea batweaa Boa "o and Washington, Maw loeal llaee hi New York nd Virginia, bit tt leaaea tba Itnea eaal nf Baton aad oath of waahtngton, eo that tba bulk of tbla great capiat and debt roprraenM tba Itnea between F ?ton and a?ahingioti At the debt of Ilia nranpanv ia neurit or pitta equal to the actual capital raq-ilred to bbIM Iba tew l^e. In caae id aoriooe oompetition. with tba praaa iga?n*t of, the capital of tba company may bereganled Rt HBRALT), JlATtWDAY, bs e*t ingm'uhed, or at least paralysed, so for as lividendi are concerned, until the inevitable 1mm of mutual ruia or onsoiidation in reached. The latter tu the moat probable, and for our company tie most favorable reeult to bo expected. It can only be achieved after a long and vigorous contest, involving loan of dividends, and, tiiilly, by a ctmreesioa to the pre??t of all tbeir demands, and a luigc udditluu to the nominal capital of the company , and a consequent reduction in the future dividend* the undersigned arc ore 1 aware tbat these predictions will bo rioi? tiled by the majority of the board, and yon w ill ba rrtnmded that tbe pn sa cannot (ivo ita husiacss in the anv line without 1 osier ita connection with the other Southern, Western and Northern lines, which are boand to exclusive connection w ith th<- American Oouiijo> Uy ib- eoiop 11 known a- tlie .-ix party contract, if lbir comjiact could bo euforeed, or made permanent under all runt incmr.es, it would certainly bo an Impregnable wall el defmce to tbe American Company. But Mr. Buesclt haa repeatedly declared Unit this cont. art Ik "a rope of Hind," which cannot be relied upon wheaevc r It may suit the interests of the contracting parties to dissolve It. If thin be so, In a contest with thi- wrociah d pn sa, the undersigned belli vo tiiat tko Nirtb American Telegraphic Confederation will feel constintned to discard the Americau Cotn|>uny and take Jn the opposite line iu its place. The lease of the Southern Hue from Washington to New Orleans will then become an insupportable burden, as all provisions for a division of the New Orleans bi alnes* will then be abrogated, and a violent competition arise with the intorior route, hacked by the whole influence and pecuniary strength of tba confederation. The undersigned do not mako this statement to alarm the stockl.i ldors, or to foment opposition. They and their relatives and personal friends have too much at ! stake in the company to permit them to trifle with interests so large and duties so gravo. They desire to avert disaster aud ruin, which can only bo brought upon the ' company by Imprudcut management akin to recklessness. 1 Having failed to awaken a majority of the directors to the dangers of their present course, the undersigned might have sold their stock and retlrod from the com- ! I*ny. But they do not so understand their obligations to 1 the sbari holitcj s. They feel It to be their daty to lay before yon frankly All the information they possess, because by the laws or New Jersey tho stockholders have tbe I right to decide the whole question. Your charter Is made subject to tbe "Act concerning I corjorutivii.-,'1 ot 1846, wliicL, among other things, contains tho following provisions:? That every corporation, u sucb, shall be deemed to have power. filth. To appoint inch subordinate officers and agent* a a the t i Mi.. . . ,,f lb. . ..rp.imtiou ahull inquire, mid to allow llieni * s'lituhle roinprriattni). Mivtii. To make l.y-'sws not Inconaiatent with the eaestfiutlcu or l?wa of the Lulled Mates, or of thi* State, for the nuuinc mem of tt? property, tho regulation of :u affairs and tor the tienafei of lla si.ieV. i. And be it euarted, Thnt the power* created In the pre edlng evta it thull vent in every corporation that shall herenflee ) ? created, al'hoHuli they may not 1? specified in Ita eh?r<e.r or in the act under w hich it aha II be incorporated. The director* hare no powers except such as they darive from the charter and from the stockholders; for, by ibe tirat motion of the charter, tho corporators therin named/'mid such other peraous as may hereafter l>e or Womc stockholders in the manner hereinafter ttrovlded for, fbull be uud are hereby ordained, constituted and declared to be a corporation.'' No power is given to tho dtrrotora to make bylaws, but by the general law this j over Is expressly given to the corporation. Tho stockholders can define lio powers and duties of the Preside it ai d Executive Committee, or they may, if they sea fit, appoint < flic, rs and sgonu for nny and all purposes whatsoever coi.M cud with their lmisine-s. They may lake this pre** diWciilty, if they chiose, out of tlie hands of ihe dliei tors, .aid confide ita settlement and management to a special officer or committee, or decide by bylaw In what manner the tariff-hall be adjustc I, or any other matter of bustneas determined. Inv sied w lib such large powers and discretion as the slocLboldcia ate by law. the undersigned would liave bccti recreant to thrtr duty as rour trn?-t< en if tbey had nopli, trd to tiv.mmmi you tog-twer to consider what i ollcy shall be adopted iu reference to questions which, in tlieir judgment, are of vital consequence to tho future prosperity of tl.e cot porn I ton. flow y,u w.11 d?n! v. itb ilia matter tho undersigned do Dot pretend to dictate. i>ne thing is certain. Ural the l?r? sent Foard of Di/'-ctcrs are divided into two aots, who differ radically us to the jmiicy of tho company. ITts undersigned licltoro that ;t would be better for tho wliole hoard to nsign ami let a new one bo elected, who wtll r<v pr< wi t the m.\jo* >ty of tlie stockholders. This can eai-lly l-c effected l>y a request on your part to the {resent hoard to resign one by one. and substitute such pert one as y ou may have ittdicalod. Whether vnu toko this course or not, It wilt he advisable to adept nmc rrsolt.ti.ni us to tho policy to he pursued by I be hoard In reference to the press, and It mlrht jiorhaps lead to a satisfactory point I >u of the controversy , tf you were to - ? !,, t thr- cdltcrt ot >1. ckholders, of efctabllshel reputation, ar umpires In decide tho matters In dispute between tl.e Executive ( .n.iuiltee and tits Now Vork eo?s? lidat. d pr< ss. fimoe the above statement was prepared, a printed immph'rt, datn.1 22.! luno, lsfiO, Iras tioen i?*ued, signed by Zefina Uarnum, H. O. Alden, and R. W. RnsnrN, Executlv. Committee. A oar. till perusal of this document, which sl-emds in misstatements, baa only confirmed tho ntttniniitt nVw-r?.? orrtr, wtn.l hw ?Ka MwXore./'na^l ? "I . ... -J V. 1.1 M ill personal allusion* U> thcni are concerned rail* for, an reply, except to deny emphatically the renernl charge which pervades thtr -lugular production, Iliat the undersigned are the mere tool* of the New Turk a*?nci?ted press, and its ngi nt. I). H. Craig;and Hurt their sole object la to perpetuate the monopoly of the news In the hand* of the a"* elation. The undersigned, no far from bag lug any anrb dnrtgn, will he glad to offrr all |Kis?ible facilities fur oentpelition, and believe that the contract with the atockboMcra of the Magnetic Company rbonl.l be promptly nu<l fnlly complied with. In order to do thia, however, It in neither politic nor necessary to engage in a warfare with the present aaaocialion, and force them to build a rival tine for tbetr own protection agalnat the untviac policy of the Executive Commit tea. The only obfect of the undersigned la to aava the company from plunging headlong Into the abyaa whioh the Executive Chnmiltee appear to be pn |*rlng fbr It, and to free themselves from tne reapnrlblllty and odium which will Inevitably fall upon the autbort of the rata of n new pi caputous corporation. WILSON G. HUNT. CYRUS W. rotiJi AHKAM D. HEWITT Mr. Crura W. Fran offered the following resolution as an amendim at lo the amendment offered by Mr. Hewitt? Rraolmd. That the preaeat tariff of charge* to th prean or public ahall not be toerwaned without the ?intent of the iliarr holder a, exprcaaed at a legal mecttug called f r that porpoae. What, he asked, waa the position of the American Me graph Com pain I They bad a capital of |1>I6M0. 10i ludlng a few share* of lb# old mmtpnoiaa not yet trana ferred. Tlirtr total r? eipts fr' m the data of the conaolldation?tlie 1st of November. 1AM? lo the l*t of February. 1M0. waa fcttl.AM'JA Fur the next three months their rei ipta were >233 7M 7?, leaving their reewt|>U for the flril six months they were in exlateuce, HUM OA. ?v in . |miw inn IV u) 111 ny uwiwaiui iirmir r nf I he company ?fie, for lit* Aral three monthr, Md.4h7 71, end fur the n en mil thru- month* Uicjr lunl inereaaed U> 70,040 S7 m.iklng the net |<raetite fir the Itrat ell month* S12S.480 h* Hit mute tlie name pmtlta for the i.ther alx months <>f the year, end their annual profit vvoold be over M4T..H00, lee* the intereel vo lunula to the amount nf fll .020. I'm inn the net |irt>flU over aud above ill ?!t|?use? at |;46.7M 10 A il:v:ilen4 of tlflern per c-tt <m the foil capital of Uia company woe Id tic I3J0 240, *o tbel they were earning more than Ofteen per cent ever and above expenaea. What vroot.l 1* their fro I em If there we* a competing line talRf Vverv fair minded man wonhl admit thai each a inc. having alt the pre** ho* lore* and all the aid which the prer* re.tild lend It, would get at leaat half lie retripia. There might he mere teleemf hliur done, hut* at reduced rate*, and therefore he illd not believe the aggretata rrcdpu of both hoe* w?old lie more than the .rerent ml .nailed reeeltrta of tbrtrnne line?9070.700 JO. hiat #n'i*lly dleideil hetween the two tine* wntild leave lo each 94M SM 09. The ?nenal . \|?neee of the American fefc>raph tvmpenv were >7.14 00* M lewvleg a live lo the Bompat.y id $240 MS hp. In*wad of a net nrodi of 9374,7*1 II. Jp htaepwhw tliero woa no ocraalonfhr thl* rtifflcultv thy nanl* aervi the prea* hotter thaw a rtwai Iter raaM.. iog the preee did net want a rival Mwv. When UMa born te*e wae r< frrrrd to the Raeewtlvv Owmtttee hp toM the lirrcu r* it waa idle en to reftr M, and *t?gr*e?rit that It hould ho ffrrred to a apectal committer of Sre. to coniat of Mr. Krudall, Mr dwao. Mr. Maramn, Mr. Hani and mlber. ne I "Id tliem the I if the matter waa referred " that noiitMet h? wcwid guarantee there would * no tumble bet Mr Fuawll (the Secretary) aald No." If the *h*t. Imp;. ta w?*i-M apt'dnt a die rrrt committee, liid.fvnh-i.t df tl#e Fxrcnllve utnrott're, the whole matter rodU he aeuled. le bad gene yrrtetday and Una morning K> ?it< r <! the iertlog tf the Beard if Director*. to make a p.-cpnetion, 11,1. It he ?|.fired to n.akr after harlna nn Inter u-w with 1 "m* meanner* of u,o 'ml i* f? rrfnard a rK*r kg H? Mi! Il?( tb? Inw *?y wn lo ???i?iU- 1 pr of fair men, independent tf ll>? Kv<ri>llTe Cuaonttlce, " nKf' !>" l**<? end to ectu# Hit* nurtlrr. In ll* op|. ? ?. 1114* kl?'?t?lee ('umniiUw end Mr. Craig eonM H'-tt 1 ritk II. ' Mr f. fl. J ffnrfw ll.al If oo? l.*lf of the < ft i ic.rarrir.rnt rflhrc* Mrr atnrr I hp n-eting cm ' intend Wo; hnltppad In, lb* rmipaur would < veet delimit*,: from u*w linea. :rtiU?B>?ft n .vl, i (ay lliat I &?-> P*rt pot j.u*<nl here u-f he rf rtroniarlnjr or provoking Office Itfc? "* revtlrated no man'* wwdliep. fl"t W 11* nguree (f^tad at by Mi. Cyua W. FMd an lo 11* iroflu of tbr rot,?olla ted n mfi.i T warn aboard lo go "til nneoemnp* tiled by I rtr.e artrd ite" they wot.ld have raplutt*** of *11 grade* ? niriri from all part* of fha ronntry to hwlld op late- J reflilC llnea la oppealtlt n to their* He <lt<l it?l wl*h bote flparv* lo part a^iallM ami noeraitredteted. TV 1 uhlle raghl rot to V left with thM halhietnatlon reeling I n thalr mind*. n*<1 gentlemen who talk *'*>ut 1 l.a ?natrao<a profffi Of telegraphic eimpenle* J t leh n -v M i'- . and to mor w v.iiilnh, arar hnvtld of'tha 0iNhrane* hetwerr thy expenditure* oceaa I ry U> tnalrUlc oh rf Ui'M little drtteue. .iramrtlou* I loaa or?r which tha light*tag paanr*. and that n>riaaary { ? maintain tha poadrraua machinery af rallro*'*' Pivly *r rant of tha njrgregale raralpU * a ronr large ami a*. r*r*g?nt eypmditpre for railroad*, wh lla the expandltnre? or tebcrapha ara eighty Ave p?r rent of tbalr aggregate I cralyta Tha lima bad act rat arrived for (airgraph man a go and tall ibe country that their prodta wara an or rvmaly grant. The renoimion oflbrad bara did not direct ] f ciOauri the Board of ntrectort. nor trow a want f naMaro lo tha Bsoctitlrc Coram I Me of three, lot It Otrark directly a* the foundation of all their pro- i ceding*, it qnaatloacd whether they had bad any anhorlty foe the paat action, more than tha mere nakad barter Ha ipprehrended ihoy would ha alow to pa** my eueh vote of doubt ottoman rn oa the direr tor*. rr*m tha carnal reading of Mr Hewitt * rpeerh It eennod here were on# or two pmpnrltkon* la It whlrn loak a ittlr prewiring, to ray the leaat. One una. that we had rot Into a difficulty with the prrea, *nd though we do not nenn to oewoera oar dtrectara, or axnrem doubt i|wa item, Mill all Utr d tree lor* ahoald giro ray and let the atack bolder* rteri another et. Thl* waa an ntd pal I ileal trVk TV i*?e* of the director* would denerrc newer again t > e m< nltonrd If they put thrlr foot Into h a trap with he tort going oat in the maatfc*to that tha etnek ha: lerar Wn np la par. TVy rhoal I not pat ffwth ear nrh manlferto nanrltoncd he the reeoluttoo* of thl* a?i ng. H tVy did I hey would got np an oppnaltWw le*< imre grraler fhan ronld be got np la any o*h< r way II Jloded to IV fhet that (>rut W FKId and Mr H'Uit ! ?> u*l*?< il of ilietr (?*%. JTTNT! 3#, 1^60.?Ttclril Mr. Hcs denied Uuit he had ar'd hie stock. Mr Rkvir said Umt Ihejr had still Hi,000 wort between them. Mr. Cvm ? W. Fran had not read carefully tho patnphlc I cl.,- h< d by the Executive Committee. U couUino thirtj six r*g< ", and be believed that there was a ialst l.t?-d < r inisropreaeutatioii fur every jege. He could no Hlim lligt Mr Bernuin li*d ivsd it before it *? P"b d, for the statements in it wore kiiow'ii to every Oh to be j.rrf< ct'y raise. Mr. Rustic 11 knew that in O, tobe last Ite had Income perfectly disgusted with his conduct The (.Haw called Mr. Field' to order, lie thought his r? marks were a little too personal. Mr. Crim V. tins heheved that the President ha< signed, m,dor excitement, a luiwphlct, of the oou t- litis ol which he knew nothing; and it ooutalne elaletrui is v. hi, h erne of the gentlemen who signc* it knew were not true. lor instance, it wa there mated that tlso Newfoundland Coni|?ir had raised the tarill' of prices four hundred per cent It steed of that they had reduced the rates thirty threo |ie e, ni ftom the 1-t ?* June. That was one misstatement At < ili, i was that the Amor i, an company never paid a i; dividends. Now It had paid two dividends of ten pe r. nl. ni d ihc stockholders had received 100 per cent fo their?took ia tbsstack.af this wnsar. What was th lessen he had been selling Ins sto, k!? llecaure ho though thai the course commenced by tho Executive Ooinnilti war going to load to the ruin of the com|Muiy. He wou!' have sold it all had not Mr Hunt come to bi'm and be?ge him not to do so. and they agreed uot to sell any mor neck unless all sold out together. Mr. Rrssvu. suggested that Mr. Field had sold his stool before the Executive Committee was in existence. Mr. rrmri W. Fixu>. (excitedly.)?And you know th reason rand if you wish 1 will state It. Mr. F. O. J. fx mi resumed. He would confine blmsol to the fkets set out in the pamphlet Issued by the Kxacu tlve Committee. If the pamphlet contained such egregtoui mlrri pres. ntations as Mr. Field said, when that gentle mtn with thatearnest seal for the Interests of the Associate! Press, Joined in that speech of three, he regretted that he had not mentioned the fact that the old telegraph compa By bad paid two ten per cent, dividends and one hundrei per cent of stock into the new company. He could per ceive a very good reason for Mr. Field's selling out hli *U?k, In the difficulties between blm and tbe Directors and when he made new pui chases of stock, Jt only show*' that he had changed his mind, and considered the stocl not so bad after all. As to the resolution proposed hy Mr B* wett, to np]mint a committee to settle the dtfiVronccs bo tween the c^bijinuy and the press, he considered it diroctl; a vote of censure on tbe directors. What was tbe rea t difficulty? Could any gentleman tell what the dilllcult; between th* press and the directors waul1 Mr. Ctki> W. Fisld suggested that there were thr<s members of Ihc press present, who would auswer th question. Mr. fxiTH would give way to any of the directors t explain the iitflieulty. Mr. Kkxbau. did not believe that there was substan tlally ?ry controversy at all between the Associated Presi and the company; the controversy waa altogether be tween r.llicr parties. Mr. P. P. Fiw l> NpNM the suggestion that member! of the As?oetal< d JTcs* wen1 present ready to expluin. Mr. fiinn?I will give way to any one of the directors, .ire .i ou a director!' Mr. P. P. Finn?I am not?Heavcu forbid I i Siyvkiioiphi /w ith unction)?Amen to that! Mr. fsim said he could not Und any of the director! who could t< II whnl ilie trouble was. .Mr. P. P. 1iv.hi? Does no one know nothing but th< directors? Mr. tali mi id Ihnt if there was really a controversy wltl the press, and if the directors knew nothing about it. in would vote the strongest resolution of censure again* lb B. Mr. lit xt suggested that if Mr. Fmith had read the do rurocnt presinlisl by Mr. Hewitt, be would there have seen what tin difficulties were. Mr. Hi.wirr would state it w it'u great pleasure. The] must i ml*TMand ihnt the directors who were not on tin Kxcci tlvs (' mmlttee had no very g<s?l means of under standing v. 1ml the Executive Committee were about Hay were not very ready to give information. Hi ihcieliire did rot speak with that full knowh dge of th< fsets thai he ought to have, lie did not oi nattier It gone taste to deny tbe direelors information. The tlr?t diltl tufty that arose was in regard to the Boston press. Tin arrangement with that press was disturbed and broker up. Mr. Pmiti!?State in what way. Mr. llBwirr?'Tin-re was a new tariff of charges established. The 'econd point was, thai the Executive Com liiUlee had civrn notice to the Mew York Associated I res* that their arrangement fur the receipt of foreign UiU-Uigi i.ee nil the Nov a Sc otia lino mutt be term) ktU4. The gin lb men who manage I'M Associated Ir?8 lav! tlnkil to liin thul tbey regarded thi.ee tliiu^r as the beginning of a warfare u)?>u them and that ?tat< tr.ctit they liad follow ed tip by the lettti whi< h bad Ixth received. Tlial letter evidently expressed kt v ide a breach between the two ax could ixiasihly tw tint up. Tliey demanded certain things which he wa> frank to lay were perfectly Inadmlegible; but if they did net pet them or a eontmrt to lust Are or ten year*. they would be ccmpelkd to build mi opposition lino, t'ndei that rtatc ot lactaa meeting of the ahareboldera waa railed In ordi r to deride whether the Compiiny should pi-rxial In mnkfre theee rluingrs or would let well enough alone. Mr. CvanaW. Fnt! n proposed that the Executive C<>ni mlttee rhould state wlmi ]>ollcy they Intended to pur rue. Mr. Frrswi!.. the Secretary, replied that the Exrnrtivt fommittee would state that ut the proper time, it wai not to he expected that they should stale everything they were going to do, and how they were going to do It Mr. Snmi proceeded to show- from the pamphlet issuer by the Executive Onvnmtltoe, that all the cause of com (Mint who b tl e New York press had w -a that tliev Inn to pay at the late of ooc mill per word for despatches frrm Washington, while the merchants, and politician) and clttsens generally had to pa* flea cent* per word. Mr. Ilxwrrr snked whether that rate of ooo mill 1*1 word waa not made out by dividing the cost of a mes rare by the number of papers that received it. lfr. Swrrn referred him to the pamphlet Itaalf. H< thought the statement a very lucid one. Mr. ITaLL, of Boston, remarked that on the tame prln elplo they might divide ibe coat of a rows ago by Uk number of newspaper reader*. Mr. Famf rej? ated that Um> average coat of messages suit froin, Wuxh lag too to the Associated Prcsw waa at the rate of milt pas w ord, while other parttaa paid Ave cent* per word. Mr. D. D. FttiD?Tbew the object la to prevent coin hi nation between diOtrcnt peraona who take tka name Mr Sarrn did not earn what the object wma. Tbe object of lbe (was Hua to nahe money, and the object?f the Telegraph Company waa to wutka money. Mr. 1>. IV Kntm inquired whether any ineaaage received by the prcaa iaid leaa than a aunllar bmm|? received by another i .-meni Mr. Farm did not know anything about that. Mr. Iv IV Kuan thought that that waa the whole qucgtioa. Mr. Parrn thought tliat, although It waa aatd that the pr.-r* waa the great iwtron of the lel-grapk, atllt It waa Ibe great rurae of tbo telegraph. The preen and leh graph combined were a greet bl-aalng to Iho country, but > till the pr< ?? bad bon aiwaya. and probably would alw aye lie, a great cur re h' tbe telegraph, b> c*um tbe |,n ?? g< t :.i:.l (iirtrihuli d all ?I..- it.t.-lliget. v waich, If net dlmmlnaU'd in that way, morrhai ta and politician*, ai.d ether*, would bare to grt for their- trea. He under atr?d il r.t ihe Now York |te** wa* alarmed. Alarmed at what* Not about tire nubility of the value of tbe ?t<ek of the company, but alamiod at tbe Idea llat tbe rareutlre committee ia preparing a ri lllotin* to rut their head* eg. It reminded l.rm of the < irmmwai.ee of a y< 'tag man, ono of Now York a *rua, being barged at the yard arm of g cat tana! chip herauae ha (naked a* If he wantad to join 11 m-itine. ra. Tlier b>iiir loan ?> V? a- aud ? tl.-y \..r. go'ng bang lle-e .'>r.. a? r. ? ? wll." i<rw <a? jack aa M 'l>< y werw going to da ?i thing awful. He waa m l pi eawtwd f??r llmt maaairy eaw-wtion. Re 1.1 il, 1 'k i II, I < n|.l . .aire lit ll?? preaa lelie.be did t.ot belter. there waa one |?prr corrupt .1 i Intnl. lb. 11 li< mnl av..w what they VI III til |.ri Iu III. h iliey made to the coqiolation. aa r<> the IV |.w |<rena, llietr grievance wm tliat llrt i alaa t.uil 1 atatr ratawH <Wi llu m fri.m nctaa ItrnatlUlIt I*' I of millj?r word ? two ufuwoth uvta of a mill. Mr. Cr?m W. FMa-41ko MM wm opwmOO of aoo hrrdrrd prr rent. Mr. fapii-/?Bit If M won hnwdrod wrmil II wwnM IM'I v nit- n|> to w 1*1 lad KM nolo |?jr for Uwir an ?*MHMi. Il^n?Tip-i?i>pii |*jr twice m much prr word m peltate inr.lt Mtial* Mr. Harrr?Wn? dmlmir with Ilia. fhrti oat mil by I ho director* la ilirir |?ib|Mrt. Mr. P. |i. finr.?fjr ihr Kxrcnlivr Committee, If jnn lrnrr. If tint I < li; r muter?tond. 1l.e Pmnmorr rem?rV..I ilttl the tiinceodinga Of ilir Kacciitite C< ma in* were etweye ibmlu?d lo lb?. I?wi?l "f Mr<fli*i ?r.d retlfled by linen. Mr P P Kmr> aelrtd whether Uwre bad b? n any Dnard p... t i.f in p|.pri.r? ?bt? |*n?|>lilol. " Ik- I UMtii*t nnrmd iti Ui<' nefttire. M.'. Mrwrit I ?d rr?<t a blirr ffnm the m?mber? nf tha SVw S'.*k preea.end I* ?r?M tail attention in tl* prnpoutlnn tu 11. Indeed, he rrpiettd that before ibe meeting riotid kmc rite WOOM get tip and ?at* thai tlieae I arsed 'i.ltw vliMmr the n tHc of v hat thoy demanded be " wr of tlxt tneeeeae of prim f n the one pW?, and thai mg nt nn tnereaae ?n I ho other. Here thrti waean lr.lrrrn|>?i.? of proceeding*. ranted i) n-ixlr of I bo ml'ttary wording llr .lipmiw Km |.n??y to Mm Niagara. Iff. ."mill rr*?m<<'?He rocaidered M mmt anreaanra,L' 8? ?bf J IfH to d< mend lbat Ave dlrectora ahouM bo l.rtrd, out to bo dmtgnnbd by lb' I toot on preee. dm by to- I btMotpbtn |>re?. and three by the New Tork pr<? lloeo iMcctor* ?<?M bote Inbveti hundred fold urea Irr en the tide if the preee than on the it da of the b> rrupb oofrteny There wwiM be no ooraaiOn fur nay rob f ?ft.ikkrre In tl.o diiutera because they had re tai'd ?nrb is odkms and ibeurd pmpneltl a. lie rrvt ihtr.and wonld be for the P.xbw fl.ea that poWtehed evening twprra that the T?kgiapb C? ni|ety notitd give them tl.o ante control r.f lie ulna every day llll oaa or two o'clock. TVy_ d? ni.ir.ded that, and liad alwaye demanded it. n>o bo Ion line, which haf been alway* much abjeod. bad a good deal of diffl< ulty With the prraa, ami, Anally, rrr mat y yeara had do |Mi< nage from tbi jwom H ImkI .ftoa Urn re Id tutthr fit ion Trl<#r?ph company arere ?lway* heights for the work: hut their plan really waa to n : t< ti e rival company do the prr?e bi einoe* daring the Lunri fWm eleven to tl.ree. And yet the I'nloo Telegraph ('< n pany lived llll It enme to a very honorable ami li.iirf&i tor) tfiminai'a n, and it lived with acarroly a particle of the Important patronage of the Awwiated l*n a of the i ity of K< a Trek- Tire Aeecr luted Prrra left their t'legrni birgmett' rr b' mo. In wlaen they had enddonee. They ueed only a rtnglr Intnd for lla notable pur|?w* There waa no troohle about prkev with the A <>< l.itrd Pm* of New Y'cV. No difficulty but that. What eat tbe dlflleultvt It w?* (hi*: The vevtr extntenee of the Aw rated preee ae a power wtiteh had no o<|ual ouUldo of 0?>d Almighty, ablch roald ernd throughout the land v. balovor aer Mnenta Ita ay on: detired to aoiMt, depend'd on a mi tract which gave tb< m a bar date ?toluene nanirol over Uie foreign new* of tbe iiurttry. The notice wag Ibr Um arontlMMiare of tlutt pnfrut p>w<-r over i' ,i >crrl t?, *nd thet wan the ddbenliy Tire eoretarv of the onntpniiy aaa CMnfdtMned of fhg hartmr ?ald that It wae the prdtry of ttie Amerb-aa Telegraph Company to break rp lira Aaanrtai'-d I roee of Hew York ft area a >two yea wow with htm that that aaenewt >oa ahoubl he de. lelrml << m morli of ita power ae gave II th* monopoly pf the foreign intelligence n,* contract with the >am. R SaiET. elated Pre*, or with Mr. Craig?which waa the mm* h thing, although the Associated Preea disclaimed Mr. Craig, and Mr. Craig disclaimed the Aaaeeiated Pruaa?prohibited Ilia company from ending messages from HalUhx except it came over the Nova ecotla Company. Jlr. C. W. Field?What have wc got to <fo with the Nova Jtrotta CoDi|?B>f Mr. Sana rpche of the flict that the Nova Scotia Comognj had a verdict against It for withholding the rnessageg 01 jwjlh * tiU Ibo eiprc of the Associated llress arrived. Mr JtrftrtL spr.ke to the same fact. Mr. I>. I). Kn.tn asked had tlicre been any decision of u i.orrt for the payment of these damages? Mr. Ki M>n.i replies) tliat there liad not, hut there | would haw heea. Mr. 1). 1'. Finn?Then it ie nit true that the omniumy have had to pay it. They have chosen to |*jr the money ?>l the siocktioluers without a pnrtirle ?>f right. The secretary boa over and o\ er again told mo mat in- waa defending theteguMs, and . - asfttlly. Mr. Ft *mt-1 huve never said anything of th" Vb I * I have always insisted thai It was an illegal act, and that we ought to huve been indicted for it. Mr. D. 1?. iiau?W hat counsel liaa over advised tho Fvecutive Ccininitlee tlint they ought to pny Itr Mr. 1 have, and 1 am the legal adviser of the o company. _ _ 1 ' air. J i r IK j j'? lllal Jr. 1110 tXCCllll V? VX>Uinmi*C U&8 I 1 sdvise.1 the rout *el. u j Mr. KrfKWx added tha . It wa* very clear to bis mind that tho act was a most wr mgful one, ati.t Uiat that was i 1 the foundation of this trouble. Mr. Fmitii did not fare about these outside matters. He } | stated the fart frotu the printed statement llutt tie eontrio t under which these operations were performed for ( | the Associated Press bad given to the Associated Press the prior and exclnalTe control of tho wires in the Territory a of Novo St'?Ua. which deprived every one else of that news till it becamo the august pleasure of tho i agent of the Associated Press to annouueo to the hutn t hie editira ail over the country that they might have this in wa. Why was it made a tin*que non that t 1 ihis nn rt unrighteous jirtvllege should be abolished? Because they line* that if they dirt not rival lloea would bo s ' established. He never heard it said Unit any proprietor I of the Associated Press wsa engaged in simculatlou to the 1 I extent or a barrel ol Hour or a coon skin. But ho had t heard it asserted by hundreds and thousands that there Is . | more than one and moi 0 than ten men who for many 1 \ > srs post luiv e h:ul the beuetlt of the rtrst news received f hy ilie ai'( ntof the Associated l*ress, and lind mads fortune I <? fortune by it. How was It do-of It was a notorious f fact that tlie drat despatch of the Associated Press, containg Uiv foreign news,comes in cipher, only comprehend8 ed by two or three (.ergons in the country. Tliut contains e the markets. The Associated Press controlled the wires for n given number roT wnr< s? a.OUO. Alter the markets were 0 received thp agent bad these 0 000 words dragging their sir w length ah rig. and what, was being done in the interval? Their mystical writ ng was being translated, and was being 1 spread In different direetiors to certain appointed agents, who stood at watch over the markets of the country, us the sick man st.-ort watching at the pool of iJcthesda. I He world net confound the Associated Press w ith its agent. allhoi gh the one hi led In the name of the other. The news was thus held up till the agent of lie Associated t rot: watt willing to suy to Ciuciuuuti, Kew Orleans nrd IV.stop. "Vmi may let that news out, which contain ? the 3,000 w ords. and wa w ill telegraph you the markets." There were merchant:;operating quietly for three and four hours ahead of those all over 5 the country: nrd tbi" had been going on for tho lost ten yrars. fir riflemen could do', foil to know thnt it was so. They w.rc detei mined to put a stop to it; aud if the Associated Prcf* threatened them with ?n opposition line, t they would take the consequences He believed that they had* got n set of stock holders with backbone enough to stand by theiu and say that they, too, would take the con' gvquen.es. (Applause.) Mr. HrxsY J. Baywond replied to the statement of Mr. r Pmith. srd expse.) iiumeroug fulliteies and lncmistsusii? eles in it. As to the charge made against the agent of the Associated Press, they lutd often heard Unit chorge made before by )*> pons who had Iheuisolveg > foiled In speculation, aud rust llio blame on Mr. Craig, ' aud limy had offered to give tbo matter every invostigaI tiou, and to go I., any exi^nso and give all facilities to nllow the charge to tie proved, but It never bad Is-en i j.roved. He disclaimed, on the jgirt of the Associated i Pros, any desire to interfere with the management ol' tho roni|*i.) . but thev wanted a detinue and well understood arrangement by w)iirh they would lie protected from the hostile artlon of the Executive rommlttcc. There wero capitalists in this city waiting only to be told that they I would have tho biissnioss of the press, to lay as many i lino* as they could uw llm own opinion wiih | (Lot I lie preea of the city would bo perfectly content, aud > would feel relieved of what at preM-ut weighs upon them I with uncertainty, if nothing dee, if tie a meeting of stockholders would at once adjourn, and leave eweb party to take care Of its< If. I Mr. Haiaeaid that lie had oinioan a re pro-sen tali ve of i the Potdou prves. It waa not merely a question of del' lars and cents tbat excited thrlr lalmit, altlmugh they I were suffering under direct grievances from Lav jog had ' the hand of the telegraph company laid upon tbem. r lie wished it observed that on the .-tat. meet of the i*un, phlct thorn had (won a riae of more than 100 per cent on t the old pneea < harm d to the llnaton press. Tb" Ogarea arrived at hy the Kxecutlve Comniillee were arrived at hy dividing the mm pais for a m< aaage hy iho number of |W|mtb to which It was supplied. Th-rc would bo aa much rvasen in dividing it tmong the readers of tho ' n<w?|?|(rr. The H>-t. e prcaf lot lass to m u-nrly twice a* much as is paid f?r ordinary business messages, t although the Hot too press la a regular customer at Uie rate of 3,000 w,?rtl? a day. Tlmy did 1 not object to tbe abolition of the commutation price, Hot coupling with that a rate twice aa much aa the I herluo* public pay wan unfair However, lie did not i ct me to ccmpbrn of that. But they weie afraid th?y i I were not going to have fair play flrem this company, and therefore they were led to think that they bad to Pirn r round and nee what they could do for Uieniaelvw. There were other gentlemen who were ready and willing to establish lines, If the preaa would only promise them the > buslnera. A gentleman In Buaton had told bJm that any I m< mil g that he would call Into his office and tall him he wanted a telegraph e<ni|?iny. bo would guarantee that I tbe stock would lie auhacrlbed for in Buaton before two o'chek that afternoon I Mr. Umax, of MaaaacbnsetU, asked whether it weald i be satisfactory to the ft ston press to liavo the same rates i charged as la charged to private individuals. Mr. Hai r. replied that that would have been aallsfactory the thgr before yesterday, but after the eflbrta Uiat Itnil kmhi mail# (a Mlffkm ilUrmi lfin trtMili) have kAm? i dtrtruat of web a ptomdAtlna. Mr. 1111M..-T1 > wbliod u> osplnln a mlaappreheneion , m in bta motion <f adjournment yc.'terday. there were now three out of the twelve dlrretnre whom rlewn rurre apond with the vl'-wa of the Dcwrpopcr pre*, and, theretore. If the demand of the Annotated Preae to bare Ave direr tore (elected bjr I htm were naetuod to, tlien there would be eight directors In their favor to four who were In furor of the nppeette rourto of policy. He in w found, however, that them wax no deulro ou the |>art of th' prene to deal unfairly w ith the company. They would not in relet In llutt demand. He ?i< clad that llitt dtrrnre (on had taken p'ace. There had been one unfortunate dlrplay made, hut not an much aa he expected. He thought it |irobat>lc that a direct cwleiwe with the rex mWd Hrere would r?-eult In a contract Iwneih lal to both the preen and the cent any. Thia dtaruer ion had done great harm to the Amor Iran Teloirrnpli t'on-imrv. Hut now rryreu w'ere neclrap. He aln old like to ace crv operation between tU meclve* and their caauanere. It.I Hrh a demand aa that luade upuo them in regarX to Ave dlrci tor* reprttu utlnj: the preta, w aa to a-* Ukiii to birtcr *w?y thrtr Inner and llie Inter>-eia of tlielr ilnrklmld ore. When he made the prnpnetttuti yeaterdny to atop the dlecnraMn. II wa* la mure he believed then that that would le Air llie lienuUt of tbo tckhokicr*. It liad bee t mere-ted to him to more lb* appointment of committee to lake thle metier In charge bat he would not make thai motion. He would leave It In Hie hand* of llie Ifcard of Direetnre, all of v lean lie km w to be Joel and eralbio men. It wee their intereal to harmonise, and he helWvcd ll.ey would lurnediUe Mr. H. J ft imovn did not believe that the pro** de rurw nt wttj iiii.' u? iih> winin "i MW > If thr.t bad b<*? thrtr amtl-e.be mmtt ?ay thai ho thought It had Won lalrly mot hy tlx- IwMility It raoiimtterod. If 1 the f< ni|ni<y anited for ? cnti.nilttrn of tlx- prraa to a?k , I-.r anything tltey would have to vnlt m king tunc. Tt? pri M Worn pocfW I y well wiafnl that Ikry would Iiaro to tabernrr ntttocw trm, Ibey w.eiW ho utUTfy I i-tlriif tn ihfir nwa Interoet* If they woro to arcpt any ( ptupoelllnft ar to prior* wfillo tho .1. oktiatmp of the Ex | rut lee (Yirmlt lee ?tm| that tlx v * ore d"t'-rmhi.'d to iw , Iho |otn r t.f I ho c ttipany to bat <l up riml naanr latino*. f Tha< ate* a <: < lataiiot. ahull lie dltl ant think UM pr<as . ni.i ht to l? aakot! tn ?uhmit to. Mr. >it?o war outirrty raiUftH thai ther* aerer had % been any ner??elty for tho attitude hotaoon tbo A?*<> at nl Trrra ar.'l I lie lot. yriph ?'.dt?| any. Tlx- n.oipl ioi, that had '-roii lr?no?t )ia<t .?>eo.l iie>?t of tlio irunMe. Mr OaMr'a pemphbl l?ad I*.-* repudiated hy the tnlonrlty of the Street.-rn Tlie rati watatleo* of the pro a took hark giercfully the claim tl.nl had Net. art tip. It * truck 1: ,m that aa ninlraht* adtuatmer t of the orl:rn matter eon Id ho fixed In half a day. proeMed that ona friitl?m*n on Mm fart of the pro in, <>n wlx-tn ho throw an blame, attd tan or three gnitlceion <? tlie part "I tlie n iti|inoy, on ala in 1?? throw no hlsmo. wore orchided frton that nag" tiatwr. Tlio Btrea onlr ??k?d tliat their Interest alx-uM ? ha pmtaetod by a mattrr.. ? for Htc or Irr vwr, In bo j laitlifnlly Itrrd up ?? WYro t!,o * i -1 ->w? and nrphana | ?t*Jn ho npnarntod in barn tho'r inn nri - -vrtfl.-rd to an III frolina liolwm dill. tor# ind i ilaMo t?rii< ? IK thoiif M |l-?t a rowini'?!? aKmld tx> arlortrd from fir hotly of ftid atflrfcboMara (nmait'T Willi the rrprtw t la tlv<a if tl.a jirraa aod nmkr an arrant i mm that wmM ho mtlrolv aaltaAa torr. Ihta eonipm r rhnwld not cntur lull prlrato qnarfrla. II wan not M? bu?ho-? to ?trivn and br?ak "t> m<?i?dir? with win. b il bad mdliing to do. Mr I i?ljr rm tbo or.o band, I ?>llijr*r? nl and porna. -?w ?? K- ?ln;o? Ir. and Ilia Sorr. larv <4 IK- fooipnny on tint iilUr liar.d, botwrOi. wkton and Mi. Craig thorn ta nit t)i? brat of for I iff. at-oukt t-.i br allowod lo bfoak ay Hw mdrmtondtcf brtwtw tbn p.*P* ard (ho romtwn? IK votibl rii-aort -t noftlntora m tbo |?n of lb* oompunp, Mr bon<!ail, Mr Ll\ tngat<? ?i d Mr draw Mr. KawruTt i tplMrrd hla rkwn Mr FVId h?l Malfi' llir rnormmir profit* m?'lr b? lb" Myt'-tiO THr rmph umpany. Mow. to- know that Ihc rooolpt* of Hint r'li-f-ny brtwarn Wanlitr.alr n and Xow York woit not rtpial In thrtr rrprnnra TlirprolM* wblebthoy did mak* war* mado or tba liar brtnotn Wa?h.n?rton ami tbr South, whoro tbara Waa no n ni|ir|Hion, Mr. Fktid b id i:*o flail d thnt br ??> r< 11 < i mlli"l to make a prop mtim: to tbo Pratdof Plrtotor* Mr (Mr. K J waa hlmtoif una of ll.rrc win waa afpwad to larln* tbo rommnnicnlkin laadr. Tbr rbanio id .. rear :;rm. nt wllb lb* Boaloti proaa tr? ? (banfo wbk-b Mr. <>ai? hlm*olf acknowledge tit' nW to ia?do. Tboro bad been no gonrral nrrangi-meat 4 rail - i Iim r Ilir organ ration <I tbt Amorl an T< it graph Ompany. Mr. Pwatn and hiiiooif warn addrd to tbr fir tl icaitTf Otr.ailUao |o mtdbH b ami nrrang; rui.?. ?" ! ft that wrra lo raport on tbo 2*ih of tin.; im lb Mbllo i, thojr wera preparing lo art In thlr matter, throe iame nil a tbK rxprtrolon if Olaim. For ntaat* Tho iHrar-t- ra lt?t t d'?r nolhinf. oicopt In that llltk Mall'-r of I- *!<?, and a that aouM Uvr bMn rtilaod. Tlir nil. Ittro n.mld n barr ' rrporlrd a art <4 r-.tra wkftli would tiara I baon aalwfkrlor>' to Mia prar? ar.d rtoryl*?'y ol# H. waaoro of thaw wbo n?ro nudy lo m- I tlf arr-a or, a an taablr lorm* Tban-wr no oontron rat Im iwron tho r rot: jwrt ami II pn , H-1 ll i" wa i r? In n? lo i I wrra Mr Owl* and tbo roirpanr It waa throufh th.- i iDfb-' iior afa bad man 'hat all Ibla dlffb uliy'prmif up II waa bo ai-l ho a loco wlm ma<!f all tin- troub'.o Mr. yirwm i .plan ? '?Mr. I i '?ll Con niilu'd that | fWinltf tlio rapvt nftl or-foil, ?.o r? ] twi'. ,1b. id, i dlractcra, aital for a rail of tl?o *tw*lo.Mrr?. II -had j 3 mm member* sf the press after the lypolitawt <f IM committee, ud been acaored tbat they were ilaliitansil te chew UK* costiact with Uw American Tetawrapb Qapeny. Be tad, ttarcfers, tacao ttt? responsibility of signing the can for the meeting. He would not tare done m tad to not thought lift tier of life or death to the company. Mr. hExnoiX went os te Justify hid wane and Ola view* tn the matter He declared that, if tbey could be placed in rueb a position as that the Mtien here Should not be eooKlrueo into an expression of want of cunfldeuce in the directory, be would be rery desirous of having an amiealile arrangement with the press, hut not with the agent of the press. His faith was strong that If the committee appointed to arrange the ratrs had been allowed to report without ft call ot the mm khoIUers, there would have been so diffleulty. Ho did not want, however, to be scared into letn.a. Mr. D. P. Fikip would propose Mr. Kendall himself as chairman of the committee to negotiate with the press. Mr. livwrrr said it would lie quite acceptable, If the enn mtttee were to consist of throo directors. The press wanted a contract in writing deHning their privileges. Tlity did not want anything unreasonable. Vr. Kwai* desired to kr.ow whether the press would not he raibhed to have a contract based u|>oo the gebctal rati st Mr. Hi win replied that tbey would be, but they wanted in know that the prlcea were not to bo raised on them ami that there should be no hostility manifested against thrtr interests. Mr KK>n.u l did not ihiuk there was any desire on ths jurt ol the directors to Injure the interests of tho press. .A.- Ill evidence nf the uhsctico of hostility to the New York press, lie adverted tn the fact that the company had allowed the vurlCHig despatches gent from Washington to the several Ki w Ycrk papers to be counted as a Single despatch lor the half dav. and that arrangement mado a raving tuthoNgw York hmuu>"f #0,42s, to tlie 7i?o* and .... ,rr ... u ww. t? i.m.u. oil i kj uit' h u.iu v* j1djo Of $7.-IM Mr. . W. Fms?And that ni v< ted o^ainst by every number of the Fxccutive Committee. Mr. Rrwri?It wan the retroactive part of it tbut waa objected to. Ho <1 l<i not want to retnrn fun da. Mr. Kkxpaix srked whether that evinced aajr spirit of hostility on the |v>rt of tin* asralnttl the New York pr ?s? Hot Mr. lYntg ve nted no eotnpr mlOe He did not wWt any compromise U> bo ntade, and hoped thero should bo ik no, unless this company would nlit.w hint to do ag the Union Company had aliowod bim to <!,. ? control tliom, and lie for Hum when thry want him. and lot him have the 11 war be new bat, of* ssecnloilsg on the iir*t receipt of the foreign newa. He < Mr K 1 luot as strong a motive as any stockholder to we an amicable arrangement. JkJr. Hi rm would read a resolution which 1m desired to offer. It ?as as follows ? Whereas. the dlroetora who railed the stockholders' meeting have ro explained their motive in railing itaa to r? fli rt no censure on the coarse to adjust a general tariff of rotes; therefore, Kcsnlvi d, 1 hat any action thin meeting may take to effeet an amtrnhlr arriinrrmoot with the press, cither by raising a now << mmittoc <>r otherwise, shall not be conttrned ag implying nuy censtire on the first named com* mittoe. Hia object in offering it waa to aheolvo the rommltteo on adjudicating rates ftoro any rensure whatever. Mr. IIswtit waa quite willing to have that resolution attached to his. Ho w oiild at eept it as a preamble. Mr. D. !>. 1 min said tiiat If that resolution were attached to the resolution appointing a committee to take the matter into rot -Meration and if both were to pose, then lie would withdraw the amendment which be hail i.ffwrod; and he pr'-suio-d that Mr Cyrus W. Field would also h itbdraw tlie amendment which he hod ottered. W'cs that the understanding? Hie SFeagTAar (Mr. Russell)?No sir. Mr. P. l>. Fisu>~Tln ti I do not withdraw my amendment Mr. fisnr.nf Maassarhusactts wouldjmggest an amettdmeiii which in' thought might golvc the whole difficulty. It would in to the effect *?That whereat a committee ban been appointed to refsirt permanent rates of charges for the .<tnciM,nn Telegraph Company, therefore, resolved, that after salit committee shall have reported such teal* of charges, n commit!.* of three shall be appointed by the Provident, not nieniliera of the Fxocotive Committee whotlmDbe 1 m powered le twiml with the Associated Press o? New Vetk n permanent arrangement In bustni s*. Imi-o.I on the scale of prices reported by the Ombmdtre to adjust the k?hject. Mr. Msxtuu. had tbo im|.resslon that thia matter enuld be urrungi'd in n couple of hours, and be would therefore move that tlie inert in l' sdjourn till leu o'clock tomorrow. Mr. t.M'icN was requested to reduce his resolution to witting. Atur Mtrn' timo ho produced the following)? Whereas, a committee lias been appointed by the Board of Pircctora to report to tbe Hoard of Directors a sew Is of charges <>r tolls for the traii-mlsslon of messages over our Ulna. thenTme, Resolved, lhat when said committee shall haveM>adjust id and repotted arch scale of tolls, and tbe Board of Directors shall have approved and adopted the same, tbo President be rouuesled to apis.iut a committee of Ibreo sti <kholders, other than tlie KxecotlreCommHton, to conclude on tlie pan of this rmnpnny a permanent oontract w ith tlie A 'seriated Press nu tho boats of tbe COOSpany's scale of cha get. The brntSTAHv suggested that the words ''other than ni<- r *? ? in ? niwuuT piiikiki ii" niniid'a. Mr. P. P Kinr?That I* an eee>-titlal part. Mr. Ottaax l<>r the aakc of harmony would modify h)g resolution an requi ated, and would olfrr It aa a aubatitulr for iho mho 10. Mr. P. P. Km n_of ronrao it la the underatandlng that do rlianai' rim II br made in I bo meantime. The Sn a?T.?*T and orttanji?Ortaloly, air. Mr. P P. Kuod?And that the committee report is *000 Vpoaeihle. Tl??? Paawaaai?Ye*. Mr. Ksjtuu. withdraw hi* motion to adjourn. The q tuition was taken on Mr. i.reen 4 substitute, and It was unanimously adopted. The meeting then a?*)?urn<'d /iif die, having boon in xraltin for Uto and a half hour*. Partial Dratvaillaa of tha Broaklya t?ad>a?p of Maria< Tim HOOF BJ.OWN not* hV A 8VD0SN Qt'ST OF tnxh-nx rwKPOmt ixjrmD two psoaiai.r nTALLY. About twenty minute* after five o'clock veatonlay af lernooo a terrible aretdent oneorred at tha Brooklyn Aolimy ol Mf*lr, situated on Montague plaee, near Omrt atraot. by mh.e.ii ?.* men mere inj .ret?t wo auatainlns mound* which mill undoubtedly oroma fatal. Tha build lag baa been in pfnneeg of erection fhr aaa? months, having been rrmmaored l??t Ostobar. #ltbia about three we?k? the workmen have i>*en rgagmd in preparing the mof Ivwrr* and rateing them to th>trpSiitlion. Tlte *tru< tnre la about two hundred feet long,Try ilntut eighty five fret deep. Tl?a rmtf t* termed a "King ind (jo.-en truaa roof," with nhMlru?*ea extendingserosa L Them* wrraralaed, with tie beam* attached at the video uul tup. Apparently the rtruct ire was ancure, and tha a or U of ?i mplettng the rom ?aa ?eu>.; rapidly poshr-I hrward. Every i-are had Wit taken tn the <v>ritr"'th?n if th? building to moke H m drm ivl au'itlanlial aa pa* Ma. At the time of the accident there were twenty Are men r gaged npnn the roof of the b>i Ming. A eoddea (Ml of ain.l, m*onipanle.l with anm<- rain, puaed over thla part if the city about the time, and the w ind *u king lie rrrtern girder or tru?a flr t It fill ega..i;?t lb? amtl owe, md that failing upon the other wren < them Mi into .he baUdlng, carrying with them -erenteeo of the worttnen. Tl?e remainder of the men were left upon the aalle, <?? of them 1* ng enngbt upon the top by the eighth girder, whteb fr.l ?o ?? to ImW htm upon the wall uy It* weight. A boy who ?? aught ipna the wall wae aleo incited by the truth beam. Vbe iewh ef the JblHeg roaf wae beard ibr lorn dlnlaacr, and many attributed it to the etfrct af a peal af hinder. The (act rot a heraaM apparent in ibe nolatty hat a rrrn.oa accident haa ? curred, and heodrede redd tn the name. Iwtll fergrant tllen, of the ret Ida orcf. war pairing neat the btilulirgal the Ume. unit optm irurrrdtbg in the neerr. pCTv lTro an etdarty 11 nthwmui >It beneath lit* debt ie, JuH taridr the central eatraa'W I the bnltdfng tMla'er * w?a jui-cufi'l to rttr ala 11in . and u|4* eaamtnathn it waa timed that da# of the te h< am* had fallen a|<n t-ne <4 bin >?pd '* " <* a aaanr it to rrwli itfearii.ii/ I;> the aid d ?.,m i.t.r aa Ir. Alien wi* ennhied In ertrtmte h m rmm beneath the nn p, a) i n be war identified ar Mr I .other It IVtan, ?r ' f llir " t act i re dirertera i<f the bin Win#, and who ia* <le. "te> mm b of In* lime nod vuergien to ita pralaaen III* Inturte* were verr rerloor. and. though natad< maril) latal. -till w .11 ui.'laa bun to hia hoiwe roe aaa Ima Tim tr'.f nf a man w?r* haard taoamlbt Vm. bei rath ?. ot rahhlth lii ih? Innwmart, aad w Mb Mialdaiablu illir-rullj. liv ?*a r-wbt-d ali<l "itrMaM. It v.aa i-'-t lit.. 0 by b!a ft ??! >( aa Mr. ihrtU, a t"ff n aitm, n ' .iMif ut JO (hirll rlr? l. -ti" f Inn anOltW rar f?vr<1 to ha 11? located, n.J hi? I* .It much hmiaag. J' lrn C. $iir|i???, nw?t?r rigger, inMuw in >'uw Tnrk, ra* ut-xi fi.tittd under tht-drbrta 1a tun eallnr. Ha ha* aatalftad a n.mt<mn<1 (Varturc .if llnr ahull and mrrara pinna! Injurka, uhlrh tain probably prove fatal. Ha ia* r<Ti\r;.i-n t0 tli? fuigtcai iont lut. .a WmtlafVm trait. John Krnnr?!ay, it labm r, redding la Waryua atraat, rfttha eottre dfataftra fKIa l,.e top of the wall lo lb# M? * a Ik, tot IndaWUd C> fei arnllvrly (tight mafia* |. ?aa rna'dtd lo wait to hit rraMeuce. .ler-rplah Merrta, 'eald'Pg III IVrtlaud av?l?',*M naught tma the lip of I hp wall by tha railing nf tha ngM Inter or trcrt. Ill* ch<?I mu crwtag. and he iirobaM* cnalned internal Injtirleu, ohtrb a III prnri AMI. Ha raa err-. ii-l to U<< Brooklyn Oily fb?|'itd. Ha wag tirtrati d by tha ati mhrta of Ho. k *i.d ladder Co. Ho 1, i bo wre |t< mptty apoa lha a#w?? with their apparaMa u?1 rmdoitd valuable aid. rTai'ea Harlow, a n.aanu"? uppr.-ntiou, rnatriiag lg l?Bi|-ii p itraat, aoaiatard anhwa iaieraai tajurtaa. Ha ian alro ratght ar** ? " ''7 **? ntalh gtrdar. Ha 1?? aat rtrcoad i-y tba membura of Hook and I a Ad at 'o. Ho. | PMn* Othrrtof tht workmen wara iaJtirad allgbtly, howvrr, aad Mfl for their borne ? w.tbovit raqatrtag aaatataC One of tbr weal remarkable <*r*pra waa that af a bona hat ??a irployrd in the it liar near lha auga narllMaa. .r tl-e pat pt,?e of operating a dram wiadlaaa watah waa ' rrd lo rltraia tie btama lo the roof. Tha traaa baaaaa a>' di hrla fill all aroaad him. tba abaft of tba windlaat i.ia brr.ken off. tha cogwheel brnkrn, aad lha harweaa i:iinly atil]i? d from blm, yd tha aniwal waa aattraiy ninjured aad waa rtaraod fTtwt bit parlloaa aaattbgh lit rarapr wilboat a arratch even la ml wtracaloas. The damage door lo tha bnlMMaa by lb la accidaal will io! fall alert of tan tboueand dot an. Tha waMra root nuat It reeuaatnx tad, dan parlloaa of lha wall, ahlah, art damaged by tba falling liwbara. TUa loaa will Ml* ij-on tba ronlrartor of tha building. ? Ibr raoaa of tba arcidnt la a Mbjaat of raaiimitate ^ imong many who bava waiehad Ita eaaatrontkm aoanmf :i<aititalbla| tbat the plana ? era foully la not proTMIng Ibr ( rnitar M^trliy io tha bttam* TV mailar will, brrwrrar, iTobabiy ba tba (abject of (alara iarMlgHlgD. m

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