New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-11-03


road of'sveneen miles add would cost 70 eeud
today say $4,000. The cod long since or fifteen
REL cent II probably Of the cOpsOcstos ss. than
rba; EeIt the Troy and schsDsesdJ rosd This
he .cheneu bousht for t 200 and turned IN 90 -
that paid dividend earned expense ana
po.sbe the Central line They next "ssed
cot The south .de Of the mohAwt '9en, s0 or $50
IN surveys. oslsd the Mohawk Valley" road, and passed
at 10000 and premium Of hiiyhVe per cent FROM
Ute. they .ted out sno.h-r roat some hdidozen
mile, nearer than the old road spent about SO In surveys
allied III. tea and SYsone Direct Railroad" and chsrsed
10 the consolidation the moderate Of 1900 600 and ry
per cent premium They had double ObJec. IN this
The syrense stockholders opposed the conso
dson-whether conscientious peeuni.rJ grounds
no, a. vet advised The dree, road bsiag M VII
Lirson told he could In not be pleAsed He
In.
The Syracuse and Rochester rot at all difficult TO
as Their prospects rather dubouL They hAdtworoais
90 their bands; one Of thcmths oigns running the
Aulunhs and round Robin Hoods barn please ssnS,or
sey and ts Csnsndgus frcrdtw~ beginning TO show itself
inc spsbe paying eIp.bses while the oneihs straight
line CURED double track Depo Station Houses &C. the
funds for which cid exactly see They
a,d enough 20 come their double road at s56 and
10 Ne, cent premium II wonder the po,,srs did not stake
IN, line over the ridge he south side Of the Canal
and ehars two or mil ion. for II. They might have called
the Indirect Line shunpke something Of that sort quite
AZ sensible a. the Mohawk or Direct lines.
Ere
portion Of the sta With the enlarged canal their midst
have eight parallel railroads sir finished and under
v.y There old Rochester and Saavia and Tonswsnda
read; the Rochester Lookport and NsEara Falls read the
Roclester Loekpo and Buffalo road the Cansndsgus and
N.ssr. Falls the Buffalo New York City; the New-York
and Erie the Buffalo and Pb1 Oh ind the Erie and New
York City Al these depend upon the through
travel and eitht Many Of them within sight Of each
other and miles crossing and recrossng at angles
that he engineer Of en- puzzled to MAKE bis ealeus
tons consolidation plotters notice Of three
four Of the roads nsderns them little Of
the re The CaDandagus and Niagara Falls too weak
be considered and ected without ceremony There
NAMED but the Old Tonswsnds and the Rochester and
etpo road, TO deal with What slice Troy and other
swpdes required convince Asa Sprsgue, joseph Field,
aud other upright and pure minded officers Of the ToDswsnds
and through them the other stockholders that 50 900 900 and
premium Of 30 per enough for that do not
precise Suffice say they in at that figure
In Boodys fscoum OF the Rochester and Lockpo interest
they ugly dea with Not that he
willing treat M held bis traps at such an internal high
price Here road along the line Of the canal that State
Engineer Stewart CLARK and Others bad been trying
for build and could until Body took the enre
contract at about 100 per than worth, payable
in stock bonds lie had hastily thrown the road and
when the potes him be had the impotence stand for
his entire nominal capital and Is per premium the plot
ter. took time consider, which time employed by
Body in throwing up the Charlotte branch" This road is
worth to the Cen. about GA per snnum-for grazing II
was originally estimated to be worth double that amount
meeting did and running direct air line 10 the center OF
race the mouth Ct the river Of the richest and
most productive tracks the State But set Of speou
latos got up opposition the other side Of the
which utterly ruined the business We understand the Messr
Whneys proposed perpetual lease they want for
peach oichsd advance Of 100 cent the
present At the second meeting the potte
determination TO .cceds Mr. Boodys when they
informed by that that they take
Cbariot AZ or
should be compelled to out He did remain
The Buffalo and Niagara Falls and the Niagara Fall, and
Lewiston roadside former tOerabe road worth thing,
running nowhere and deal than
nothing in the hands Of Of Buffalo sasrpers who
stood out pretty high figure The matter finally
settled by Of lease equal to about hundred and
twenty per the nominal e,pital Of the whoethe
Lewiston right Of way down the Niagara cliffs being reckoned
at four hundred thousand dollars Under Of the
legislature lobbied through covery to hat this allowing
railroads holding leaes Of other roads
to cancel by issue of their stock bonds for
the same Central has swallowed this concern also At the
moderate Of million dollars 1t not worth Of
pins to Central certain parties Buffalo have feaheed
their nicely by ibe operation.
There road which, aithough to'era5y familiar
with the public OF this State. should have entirely
forgotten hal IN tbs list Of this idaton IL
Il the Lockport srd Baao rosd When built whether
il has ever built ALL only SAX out" not
informed We cer.nly he,Id Of any individual
v
sodstion ct SOS 600 and Is per cent premium
Thus was this grand scheme conceived in the inquitous
ceuucDs OF he STOCK gamblers and political swind of Albany,
carried through corrupt Leg allure by OF he most
extensive system Of fraud and bribery Known, finally
brou sh and delivered 10 the world The monster in the
shape of the York Central Railroad with its $50 900 Of
capital an other huge and hideous proportions now
before the pubhc-s Of eyerasng disgrace to
It's authors shame the Legatore which stood
it, godfather They have succeeded in decevng hunbugsps
and deaudng the original stockholders out OF millions Of their
properly and fastened upon the Ststes its be. arts core
ovehsdowog noneyed monster whose VIII must forever
be the law ofthe land.
What the original potters have done with their III gotten
srin unable precisely to tell The great majority be-
heyns nothing could be gained from Central sold OUT
viii few ancyins there crumbs yet to be picked up
held o. example Of each class will type Of the
whole An Albany cashier now not thousand miles IN the
Central Transfer oee the day that the final seal
vas sxsd to the consolidation articles sold his stock
the amount 500 shares 40 per csRt The President Of the
same bank sti remaining Albany did not sell Why He
has that day this received and kept in bis bank At
Albany the deposits Of the derived from the eastern
section Of the road and his bank st Buffalo all the deposits
derive from he section OF the road He has hard.
ware store from which furnishes the road with every
article needed needed in that line, from axle
down to smallest spike nail HI negostes all the iron
for the company at round commission He MS rolling mill
from which he rolls all the eompanys iron at S tun
and another mill nom which ne furnishes al Weir axes IN
short from these and other little pckipgs he eusbed 10 lay
by from yeu year the comfortable little Of about
$4,000 be keeps his stock We think he can afford TO-
The history of this consolidation scheme In principle well
as de- Ain con well moral point Of view retro
specyey and vast variety OF import
and interesting points for our consideration To-day we
must close by bnef 6uson 10 one oIly-s Suncness a.
commercial CT railroad pnneple.
SPACIOUS writer remarks that where all the money de-
rived from bonds of company has been honestly