The New York herald., 1845-09-01

the business Of the company has even given material
These statements have attracted my attention in the
interest Of my friends in Europe, and should be obliged
oyou II you would inform me, at your earliest conve
nience, in regard to them.
have the honor to be dear sir
Your most obedient servant
JOHN A. WILLINK.
Office Of the Philadelphia and Reading 1
Railroad Company.
- PHILADELPHIA August ~, I6I5.
John A. Willink, Esq, New York /:
prAn sIn J have received your letter of the a5th
INST IS my duty, and ii will always give pleasure
yon any matter connected with the manage
ment OF this company.
regret that a repetition of the attacks by an agent OF
aIVai company should affect any Of our friends had
supposed That the circular issued by in March last
wouid nave efectuay put at rest these shameless at
OF our position
with the alsehoods in reference himself per-
sonally and will be my duty you that his
anega'iohs I'D regard to the company are alike un-
The charges to which you call my attention three.
is That the Company is daily selling bonds in the
ket and substituting mortgage for plain bonds, with the
intention to prefer English creditors Ind That false
statements are made OF the business OF the road and
ard ha the cost OF transportation Of coal is 81 per ton
and not stated by u.s. and that the COM
pany has sustained a material loss.
viii not be expected Of reply to these allega-
tons, in the style in which they are made but will an.
swer each OF them in the most direct and unequvocal
manner
And first, the Suggestion that mortgage bonds have
been issued IN ls OF plain bonds with view to give
preference to English bond holders | reply to your
inquiry on TINS subject that the suggestion is utterly
ani wiiiully 10 lse That such thing has been
orthought OF oy the Company That the English credit
Board, and will acquire
Take IN &c next place the allegation that the Compa-
ny are da selling bonds in the market II is alike
tery dev old of truth Not bond been sold in the
market lor any purpose since the annual report Such
s IN, ss may alarm lar, the md ia and crafty the employ
acru nze and investigate for yourself whether they ale
we' thy Of the slightest confdence or regard !.
Thirdly, The weekly publications of the business OF
je road said to be false This statement is also
general clerk makes the reports.
The managers pledged to their accuracy not merely
the members OF corporation, but upon their ndivid
ua responsibility. now authorized to repeat that
pledge to you.
That their solemn statements made with Just re.
gard to the position they occupy and the heavy interests
hileng and irresponsible agents they cannot credit
From the published statements receipts there has been
and will be no reduction The alIo vance for dumpage
which is well known and has been concealed is
and always has been treated item in the general
of the road and for the last eight months amounts
to sea, 1865 Is.
Again. said to pretend to transport coal at an
amazing low rate. The results upon this subject
most satisfactory Appended to my last annual report
the estimate Of the sup Of transportation, that il
might be dore at the rate OF from 35 to 3S per
been such as to induce the anxious belief that the
estimated will be attained But properly consid
cred TINS Is not SURPRISING ior when you regard the
the tonnage every experienced eye will that the
company stands III an unrvaed position for such pur
pose.
In December last estimated the business and expen-
ses Of the road for tho yeur ls43 Our most sanguine
expectations have been more than realized This, with
the answers have already given, will you that
the assertion OF loss by the business OF the company
absurd.
The object of our enemies is to endesvor to destroy
this company by every means direct and indirect For
this the articles alluded to by Won are written
containing bold and unbushing falsehoods in regard
both to the company and its managers. deem it ne-
her necessary nor my duty reply further to these pub
locations than to answer the particular questions you
have suggested.
This nave done, as am most desrous that every one
interested in the company shall know and estimate its
true conditions and while rendering all such the ac
ty OF individual examination you that the
same spirit which animated the managers for the past
years, is strengthened and encouraged by the results
which have how been attained.
You may this letter for the information of our
friends in any way you may think proper.
an, sir, very respectfully,
Your most obedient servant,
JOHN TUCKER, President
The circulars of last March can be had at the Office o.
Messrs. Cammann, Whehouse & Co, N. York