The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-06-21

directors West say director here one at Detroit
one at Chicago, one at Cincinnati, and one at Dun
kirk. know It win be said in reply the trouble OF
meeting in New York will be too great. But this
will be far more than counterbalanced by the in
creased business of the road. When any important
business is to be transacted let them attend. You
will not find all the directors Of the Central road
located in Albany. Theg understand their interests
too well for that. Western men understand the
business and habits Of Western men, and know bet
ter how to the business and travel Of the West
than New York merchants do.
now wish to say word in regard to the recent
connection Of this road with other lateral roads.
believe that with one exception, viz, the Syracuse
and Binghamtoh road, these lateral roads will
prove Improbable stock to the holders. l believe
so with regard to the Canandagua and Elmira road.
There is now project for road from Jamestown
to Little Valley; it can never pay the cost of running
cannot but regard the recent connection with the
Buffalo and New York City road as most disastrous
to the interests of the New York and Erie Railroad,
it was virtual abandonment of the western end Of
the New York and Erie Railroad for the benefit Of
the Central line, via Albany.
1t was most disastrous step when the directors
Of the New York and Erie Railroad consented to
abandon the West to compete with the Central line
at Buffalo, greater folly could not have been COM
mitted. Buffalo is the great natural enemy of the
New York and Erie Railroad Children born there
hate it as if by instinct II has no friends there
and never can have. What then was the proper
course of the New York and Erie Railroad towards
the Buffalo and New York City road. 1t was to
have said to the stockholders will afford you good
connections at bonneville, and every facility in our
power, but we will not own dollar stock, and you
must fight the battle at Buffalo. This would have
divided Buffalo interest, and might have been of
benefit to the New York and Erie Road; but, as the
to be, the New York and Erie Railroad are playing,
unawares hope, directly into the hands of the Gen.
trail line and doing all they can to drive business
from their own road They run their boats with
whole Buffalo interest is exerted successfully, and
the passengers, nine out of ten, go by the Central
route. This is the effect of fighting the enemy on his
chosen ground.
company have two splendid boats nearly readyforuse
these also are to ply from Buffalo west. These
boats am informed, will, when finished have cost
nearly half million: 1t is, to say the least, very
but having been made, it is now a very important
question to the stockholders how can they turned
to the greatest profit? If we regard the separate
earnings OF the boats, exclusively it would undoubt
edly be better to run them directly to Bafalo But
when you come to regard them part and parcel of
the New York and Erie Railroad, no man can be so
blind as not to see that they should be directly
In connection with the road and used in the best way
possible to secure business for the road even If they
did not carry one half the passengers.
am entirely dissatisfied with the present arrange
ments OF the road and the prospects for the future
are any thing but encouraging. | do not make it as
dCCtSdtiOu, Tie uaudgtLIleuC VI Tue TOaQ IOr
the past season has been such that think it would
be worth the trouble of stockholders to examine the
question at once and if there is not in the drec
ton OF their road controlling influence, having an
interest in stock of the Buffalo and New York City
road. All proxies should at once be annuled and an
examination be had, and new board of directors
should be chosen; for if managed as at present, six
months viii bring the stock down to fifty cents on a
dollar.
This DrfIalo and New York City road is not adding
anything to the earnings Of the New York and Erie
and never will do So The prejudice in Buffalo is too
strong to permit it. When came over the road we
had fortysix through passengers to bonneville, of
these six went to Buffalo and forty to Dankirk; and
this was about the average while remained. can
not believe that the stockholders are aware Of the
situation Of things. The only course for them is to
their own road, stick to that do all they can to
induce business to it, but not shoulder all their expe-
rimeuts for the benefit Of other people S.