The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-10-24
The Central Seward Organ on Finance.
From the Albany 4. ening Journal, Oct %.

statesman has called the New York Central Railroad
parable dignity and value with great which
flow through contiguous States and market the products
and bear The travel Of independent empires While its
rails lie within he limits of New York. its relations
tend from the European side Of the Atlantic to the west
tributaries OF tie Mississippi 1t carries the wheat
of Iowa to the looms at Manchester II bears upon their
way from Indiana and Michigan the raons Of the French
soldier in the Crmea. The lead MIXERS Of Illinois and
Wisconsin have interest In it. II Of the chan
nels through which the artans of all New England
ceive food Its iron rails are connected with the copper
mines Of to the wheat fields aud pineries
OF anadaaDd passing entirely through the granary OF
Ohio aid the farmers If distant Kentucky and Virginia
to market their products in the docks of Liverpool Of
Havre. Much of the intercourse Of the citizens Of
eighteen American States is its track The traffic
and the travel Of empires is that truly international
highway The New York Central Railroad.
Its stock Is store house for the portions Of widows and
orphans. Cid age invests the earnings of youth in s
shares Legacies are deposited within it, and very
chants and Of people in the decline Of e depend for
their subsistence upon its dividends, perfectly confident
in Us vast resources and wholly trusul IN the integrity
aboIers Is maintained by it in steady employment pro-
h'abe and honorable to them and useful to the State
In the highest sense Of the term, is the New York
Central Railroad public institution Great as Is the
interest directly involved in its stock it is insignificant
State mo- only, but of fully onebalf Of this Union, have
IFS existence and operations This journal Is not the
press We count that Of repcng the assaults Of bad
press, upon funded property and useul public insti-
The NEW YORK HERALD is the Hesan of the stock mar
ket Its warfare whether Of attack Defence always
for sale The highest bidder among the strateeiss OF
Wall street, obtains its services True mercenary, has
no sense OF right Of duty, or of patriotism 1t fights
for pay, and for pay only.
The money of some OF the corsairs lurking in the sha
dows of the stock Exchange has set this BAD paper upon
the Central road Its finance articles of late have reeked
with fasehoods and SANDERS No statement is too i'm,
probable lie too gross insinuaton too mean for
TO employ in its Hessan warfare upon the stock of he
read and the character of its management While the
shareholders generally intelligent Of the utter nfamy OF
the Herald and Of the unreliabty Of its statements
uninAuenced by it in their opinions Of their own
maie II depreciae the value Of stock in the hands
Of holder obliged to SELL Though he may understand
the rascay Of the process by which his property is di
less asani the robbery He has got to lose We were
cognzant Of sale Of Central stock by widow the day
through Wall street Of heavy dealcalion by officer
of the road. She knew IL alse-he purchaser knew
it was falseb the had the effect designed by its
evil authors. II had depressed the stock and fixed for
time its mar ket price which the lady obliged TO
cept, and which inflicted upon her wholly unnecessary
In wal fare fully as dshonorabe this is the HERALD
engaged publishes false statements Of great debts
equivalent in injury to great defalcations i dminshes
bes. II asics returns mputes fraud, predicts loss,
and advises sales OF It's many articles have but
with the State Engineers report Of 1854 open before the
editor. That report expressly states that the Central
stock market says admitted that the floating debt
is fully million Of doars With the same report open,
and from which 1t processes to copy 1t alshes the sum
Of the cost Of the Albany and Schenectady road S3G Ia @
Of the Utica and SYRACUSE To- OF the Rochester
and syracuse, s.s3 52s 81 and Of the Buffalo and Ro
discards for the purpose swelling the alleged increased
Of the consolidated roads for year 1t blunder
ngy overlooks the existence Of the Buffalo and Lock-
port and the Rochester, Lockport and Niagara Falls
roads, OF the figures which it does in its table II
makes false result against the road OF 81 400 40 and
oms items which, with that would make in its
statement OF the cost Of the line Of ST. 42 S2S What
corporate management, what funded property is safe
from such unprncipl cd maevolencef
The sweeping assertion in the article Of October 49,
that the Central Railroad could be built and equip
ped for fifteen men Of dollars should OF itself
blunt all criticism in the HERALD upon railroad
ment II is the merest childs babble II 1t bo not pur-
posed Misrepresentation. Double the money that this
road has cost would not buy the exceedingly ample
and valuable real estate IT from Buffalo narbor to
the Albany Basin, and build and stock the line Every
body knows this
Although the public may not have known the alsity Of
the allegation that he act Of consolidation added at
stroke Of the pen between fourteen and fifteen millions
the stock market well knew or the report from which
cyphers SANDERS stated the entire funded debt there
Is floating debt) at s1l G640S3 3d. Of which only
200 for the premium bonds, issued to repre-
sent differ In the value Of the stocks consolidated and
which issued with the approval Of all the boards
Of o. the several roads and Of all the stockhod
who required By the act Of consolidation TO vote
upon IFS acceptance.
But Is II necessary to defend the economy and fidelity
If the administration Of the Central road against the
warfare of the NEW YoRK HERALD, in any community
where the officers OF the and the Hesian char cter
stc of the other are known Surely ought not to be-