The Maritime History of the Great Lakes
Ontario and St. Lawrence Steamboat Company
Publication
Daily Palladium (Oswego, NY), 5 Jan 1858
Description
Media Type
Newspaper
Text
Date of Publication
5 Jan 1858
Corporate Name(s)
Ontario and St. Lawrence Steamboat Company
Geographic Coverage
  • New York, United States
    Latitude: 44.69423 Longitude: -75.48634
  • New York, United States
    Latitude: 43.45535 Longitude: -76.5105
  • New York, United States
    Latitude: 43.1009 Longitude: -75.23266
Copyright Statement
Copyright status unknown. Responsibility for determining the copyright status and any use rests exclusively with the user.
Contact
Maritime History of the Great Lakes
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Full Text

ONTARIO AND ST. LAWRENCE STEAMBOAT COMPANY.--The Utica Observer, of Saturday, contains the following relative to the affairs of this Company: "We noticed recently the defeat of a plan of the northern stockholders of this Company, by which the interests of the other stockholders were to be sacrificed. The plan of these northern stockholders was to organize a new company, and obtain the property of the present Association at a low figure. The defat of this plan was accomplished by the serving of an injunction and the appointment of a Receiver, Mr. J. B. Penfield, of Oswego. The northern stockholders have recently attempted the removal of Mr. Penfield, and the appointment in his stead of Mr. W. C. Brown, of Ogdensburgh.

On the 31st ult. the stockholders who reside in Utica and vicinity, and who hold about 1400 of the 4600 shares of the capital stock, held a meeting to consider the interests of the Company. Samuel Farwell, Esq., was appointed Chairman, and Arthur M. Bbeardsley, Esq., Secretary. The following resolutions were adopted:--

Resolved, That the stockholders present cordially concur in the appointment of Joel B. Penfield of Oswego, as the Receiver of the Ontario and St. Lawrence Steam Boat Company, as one eminently calculated to preserve the rights and property of the Association, and tend to the successful closing up of its affairs.

Resolved, That we would urge upon all the stockholders to unite with us in maintaining the section of Mr. Penfield as Receiver.

Resolved, That we disapprove of the attempted appointment of W. O. Brown, of Ogdensburgh, as Receiver, as being irregular, and originating with parties whose conduct has brought the affairs of the Association to the present deplorable condition.

Resolved, That Sam'l Farwell, Holmes Hutchinson, and James V. P. Gardner be a committee to send a copy of the proceedings of this meeting to absent stockholders, and take such other measures as may be property to preserve the property and rights of the Company.

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of a large majority of the stockholders of the Company is expressed in these resolutions. Circulars inviting expressions of approval of them will be sent to the stockholders in a day or two. The returns which the circulars solicit are to be sent to Mr. Penfield, at Oswego, or to Messrs. Samuel Farwell, Holmes Hutchinson, or Jas. V. P. Gardner, of Utica."

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Ontario and St. Lawrence Steamboat Company