New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1845-09-02
aforementioned of Liringston 8 Wclls Expres.
Reading Railroad.

No invite the attention Of all concerned to the follow
;,s correspondence, which appears in the Courier a
g,mirer and relates will be 10 certain state
uspts Inst have been published by Charles Elicit Jr
very severely inpugnine the honesty Of the Philadelphia
and Reading Railroad Company and assaing generally
he character and management OF their work
Nrw-YoRh. the 9jh August l8ij
Lin Tsier Esquire Presidnf ~ the PhadephG and Read
,ng Ksiirood Co. Ph,iodelphn
mas sR: As Stock and BOndhOlder of The Philadel
mia ond Reading Railroad Company my attention has been
sused recently. may naturally suppose 10y The pub
The Allegations are seriously proposed, thst trust you
will excuse for calling upon you Tor inOrmaiiop ana
Gear and fall explanation of hen.
The Company distinctly charged with selling daily,
Bonds ia the market 10 pay the expense OF umsPurunt
pssy have been changed " PLAIN Bonds To those secured
~ mortgage.
uuy or falsely stated, and thai the transportation Of coal
upou your boz conducted for less than -
Dn and lastly, that for the last seven months the business
" the cOmpsuy has even gwen material loss
How l. this
These statements have attracted my attention in the inter
OF my friends IN Europe and should be- obliged 10 You
fyou would inform your earliest convenience M re-
gsrd TO them have the honor 10 be, dear sir.
JOHN A. WILLINK.
0Gee OF the Philadelphia nnd Reading Railroad COMPANY
PHLADELrnI,, Aug q, 1916.
Lln A. HdI,nt. Esq Nec-lort
pfAR SIR have received your letter Of the 9th inst
hs my duty. aud will always give me pleasure to explain
you any matter connected Win ihe management ol un-
company.
regret that repetition Of the attacks by agent of "A
nva company should affect any of our friends had sup
posed thai he circular issued ~ IN March iasi would
bse efeciuay pu AT rest these shame '-s attempts Ia e
their ere 30 bv winl Measurements Of our position
Our friend Mr. Brown has SEE. branded the author ih
he fssehOods asserted reference TO himself personally
and w be- my duty to You that hts allegations 10
regard 10 the Company are ali he uniOunded
The charges 10 which you call my attention are three
lsL Thai the Company b. daily selling Bonds IN Tie market
and Substituting mortgage Tor plain Bond-, with The nie-
made Of the business of the road and 3d. That ihe co.'s
Transportation OF coal l. - per ton and not n stated 10y
Us and consequently That III" Company mas Susa'" "
hral loss
liwil he expected reply to these allegations
nihe style IN which they made hat VIII answer each
VI them, IN The most direct and unequivocal manner
And h, the suggestion that mortgage Bonds have been
sued IN en OF plain bonds, with view 10 give prefer
encr "a The English bond holders reply 10 your inquiry
90 his subject that the suggestion Is utterly and Wildly
Ae That no such Thing has been done or thought oi 10y
he Co. That the English creditors have received no pre-
ference from any % this Board and viii acquire none
Take in the place the allegation that the Co are daily
selling Bonds In The market II alike utterly devoid Of
truth Not Bond has been sold In the market for any pur
poe since the Annual Report Such statements may alarm
me md and CRAFTY he employers oi the "ulhor put COM
10 he ohce Of the Company scTutLIe anu investigate Tor
yourself whether they worthy OF The slightest confidence
Wregard.
Thirdly The weekly publications of the business of the
fosd are said To be false This statement also untruehe
General Transporlaio Clerk makes the Reports The
managers are pledged To their accuracy not merely as ''
members poraOn tut upon their individual respon
amhN am now authorized orepce that plcdselo YOU.
Thai heir solemn statements made, win Just regard
e position they occupy aud the heavy interests they rep
resent bee doubted from the assaults of hireng and
Irresponsible agents they credit From the published
statements of receipts there has been and VIII he no deduc
uon The allow for dumpagc, which Is wen known
And has been concealed il aud aw has been treat
81 q item the general of the road. ana lvt
Ne las. eight months amounts To >@o,Sh5 -
Again said To pretend Ia transport coal al an aiI
M low The results upon this subject are most sails
afory Appended my last annual Report was The est
male the sup of Transportation, tha might be done b.
Ne - 10 SO cents per ton Tor the uhn ensuing
year To ih- imc the result has been such as TO induce
tsuxos belief that the locesf estimated amount VIII Dee
raacd But properly considered tins l. NOT surprising,
owen regard the condition OF our track and the ada
An Of The grade the tonnage every experienced eye
sl thai the company stands IN an Fi'ailed position
~ such purpose.
In December estimated the business and EXPENSE
o. he road for Oh. l6fa Our most sangune eNpcca
hons have than realized. This. with the answ err
have already gwen Will that the assertion OF "
oss by he business OF the Company i absurd
The Ob eCt our enemies Ia cndcavor Ia destroy ihis
company by every mcKns direct and indirect For 'ms
porpose the articles alluded by YOU written contain
M bold aud unhiushng fasehOOds in regard both 10 me
company and managers deem II neither necessary OF
ny Outs reply farther these publications than Ia answer
n particular Questions YOU have suggested ltis nave
~ae a. Am DESTROYS that every one Interested IN t
onpany shall know and estimate IT. true cOndiuon anu
sAie euderng 10 al such the facility Of individual eNami
Hnon, can you that the same spirit which animated
managers for the pact years strengthened ana enc"uf
sec by The results which have now becn attained
lou thus for lhs Information OF our friends
Any way you may think proper
an sr very respectfully, Your most oociiei servant
JOHN TUCKER, President
Inc circulars OF last March be had AT the ONCE OF
sessrs Canmann Mhi,ehonse 4 Co. NcwNOrk