Gazetteer of New York, 1860 & 1861 page 081
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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.

Date of
Organization.


Date of
Organization.


Name.


Capital.


Name.


Capital.


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


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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