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CORPORATIONS. 81
4. “An Act for the incorporation of Benevolent, Charitable, Scientific, and Mis¬
sionary Societies” was passed April 12, 1848.1
5. “An Act to provide for the incorporation and regulation of Telegraph Companies”
was passed April 12, 1848, and amended June 24, 1853.2
6. “An Act for the incorporation of Building, Mutual C<oan, and Accumulating
Fund Associations” was passed April 10, 1851.1
7. ** An Act to provide for the formation of Insurance Companies” was passed April
10, 1849.4
Ctas Light Companies, continued.
|
Names of Companies. ' |
Date of Organization. |
Original Capital. |
Present Capital. |
|
Palmyra Gas Light Co............................................................ |
Oct. |
29,1856 |
12,500 |
12,500 |
|
Peekskill Gas Light Co............................................................ |
July |
18,1855 |
40,000 |
31,000 |
|
Plattsburgh Gas Light Co...................................................... |
July |
5,1859 |
|
|
|
Poughkeepsie Gas Light Co...................................................... |
Dec. |
18,1S50 |
70,000 |
70,000 |
|
Richmond County Gas Light Co............................................... |
April |
26,1856 |
200,000 |
350,000 |
|
Rochester Gas Light Co........................................................... |
May |
12,1848 |
100,000 |
200,000 |
|
Rome Gas Light Co................................................................. |
Dec. |
28,1850 |
20,000 |
30,000 |
|
Rondout & Kingston Gas Light Co............................................ |
May |
27,1854 |
65.000 |
65,000 |
|
Saratoga Gas Light Co............................................................ |
Aug. |
4,1853 |
75,000 |
75.000 |
|
Schenectady Gas Light Co....................................................... |
June |
19,1849 |
50,000 |
70,000 |
|
Seneca Falls Gas Light Co.*..................................................... |
July |
17,1856 |
50,000 |
50,000 |
|
Seneca Falls & Waterloo Gas Light Co....................................... |
Dec. |
24,1856 |
80,000 |
80,000 |
|
Sing Sing Gas Light Co............................................................ |
May |
3,1854 |
80,000 |
80,000 |
|
Sing Sing Gas Manufacturing Co.............................................. |
July |
25,1855 |
35,000 |
35,000 |
|
Staten Island Gas Light Co..................................................... |
March |
14,1856 |
150,000 |
150,000 |
|
Syracuse Gas Light Co............................................................. |
Nov. |
30,1848 |
100,000 |
100,000 |
|
Tarrytown and Irvington Union Gas Light Co.......................... |
March |
4,1859 |
|
|
|
The Consumers’ Gas Light Co. of Saratoga Springs..................... |
Aug. |
23,1858 |
30,000 |
30,000 |
|
Troy Gas Light Co.................................................................. |
April |
6,1848 |
100,000 |
200,000 |
|
Utica Gas Light Co.................................................................. |
Nov. |
23,1848 |
100.000 |
80,000 |
|
Waterford Gas Light Co........................................................... |
Oct. |
4,1858 |
12,000 |
12,000 |
|
Watertown Gas Light Co........................................................ |
Feb. |
28, 1852 |
20,000 |
20,000 |
|
West Farms Gas Light Co........................................................ |
Nov. |
18,1852 |
200,000 |
200,000 |
|
West Troy Gas Light Co.......................................................... |
Jan. |
31,1853 |
100,000 |
100,000 |
|
Williamsburgh Gas Light Co.................................................... |
July |
5,1850 |
80,000 |
449,500 |
|
Yonkers Gas Light Co.......................................................... |
May |
12, 1854 |
70,000 |
70,000 |
|
|
1 These companies are not required to report.
2 These companies make no report; and there is no official
knowledge concerning those now existing. Several of those
formed never went into operation, and others, have been con¬
solidated. The N. Y. & Erie R. R. have a telegraph for regu¬
lating the trains upon that road. The N. Y. Central and some
other roads have the exclusive or preferred use of telegraph
wires along their route for like purposes. |
Telegraph Companies.
A * indicates companies not in operation.
|
Albany, Springfield & Boston Di¬
rect Telegraph Co...................
American Telegraph Co.*.............
Atlantic & Pacific Telegraph Co.*..
Baldwinsville Electro Magnetic
Telegraph Co.*....................
Buffalo, Corning & New York
Telegraph Co.......................
Central & Southern Telegraph Co.*
Eastern & Western Telegraph Co.*
Erie & Central Junction Tel. Co.*..
Erie & Central Junction Tel Co
Genesee Yalley Turnpike Co.........
Long Island, Marine & Inland
Telegraph Co.......................
Merchants’ Telegraph Co.*......
New York, Albany & Buffalo Elec¬
tro Magnetic Telegraph Co...
New York, Albany & Buffalo Tele¬
graph Co., incorp. by special act*
New York & Canada House’s*Print-
ing Telegraph Co................
New York & Mississippi Tel. Co.*..
New York & Mississippi Valley
Printing Telegraph Co.*..........
New York & Montreal Printing
Telegraph Co.* ......... |
|
May
Dec.
June |
19.1854
12.1855
15,1857 |
$ 35,000
200,000
300,000 |
|
Dec. |
4,1852 |
400 |
|
Jan.
Nov.
May
April
July
April |
25.1856
13.1854
30.1855
24.1852
19.1853
10.1857 |
15.000
11.250
20.000
11.250
11.250
80,000 |
|
March 24,1858
Sept. 23,1852 |
40.000
40.000 |
|
May |
31,1848 |
|
|
Jan. |
25,1856 |
250,000 |
|
Nov.
April |
19,1855
8,1851 |
40.000
360,000 |
|
Feb. |
21,1854 |
170;000 |
|
Sept. |
15,1853 |
60,000 |
|
New York & Montreal Telegraph Co.*
New York & New England Tel. Co.*..
New York & New England Tel. Co.....
New York & Philadelphia Branch
Telegraph Co..............................
New York & Sandy Hook Telegraph
Co.............................................
New York & Washington Printing
Telegraph Co..........................
New York & Western Union Tele¬
graph Co....................................
New York, St. Louis & New Orleans
J unction Telegraph Co................
New York State Printing Telegraph
Co.*......................................
New York State Telegraph Co.*..
Otsego Telegraph Co..................
Syracuse, Oswego & Ogdensburgh
Telegraph Co..........................
Transatlantic Telegraph Co.*......
Transatlantic & Submarine Tele¬
graph Co...............................
Troy, Albany & Boston Telegraph Co..
Utica & Oxford Magnetic Telegraph
Co.........................................
West Troy, Lan singburgh, Waterford
& Cohoes Telegraph Co............ |
|
Oct.
April
July |
23,1852
26,1849
3,1852 |
$ 40,000
42,300
30,000 |
|
April |
24,1848 |
15,000 |
|
Aug. |
13,1852 |
25,000 |
|
May |
26,1852 |
200,000 |
|
Dec. |
22,1852 |
10,000 |
|
Aug. |
26,1850 |
200,000 |
|
July
May
Sept. |
15.1850
15.1850
30.1851 |
200.000
25,000
4,000 |
|
Sept.
May. |
22,1855
19,1857 |
20,000
100,000 |
|
Jan.
July |
18,1858
25,1857 |
100,000
50,000 |
|
Aug. |
2,1852 |
6,400 |
|
July |
14,1855 |
3,000 |
|
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names of all the shareholders who are not more than four weeks
in arrear are put in the end of a quill, and all put into a bottle;
the whole is then shaken, and the namo which first comes out
on reversing the bottle has the right to" the appropriation.”
Nearly or quite all of these associations have been abandoned,
a few only being kept together by the complexity of their inter¬
ests and obligations, which are not readily adjusted. A statement
showing the operation of these associations was reported by a spe¬
cial legislative committee in 1856.—Assem. Doc., 1856, No. 46,p. 16.
1 This act relates to Marine Insurance Companies which make
no report. A list of them will be found in the general list of
Insurance Companies, pp. 83 to 89. |
1
These associations were chiefly limited to the vicinity of New
York, numbering 72 in New York co, about 40 in Kings co.,
with a few in Queens, Richmond, and Westchester. Their ope¬
rations consisted in raising money by subscription of the mem¬
bers, to be loaned to that member who would allow the highest
premium,—the avowed intention being to afford to people of hum¬
ble means the opportunity of securing for each a home. This
absurd fallacy found multitudes of dupes; and in the competition
for loans the premiums paid in some instances ran as high as
one half of the amount loaned. The mode of appropriating
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