The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-11-20

Decrease. ...................... $50 875 SO
The following circular has been sent to the stockholders
Of the Nicaragua Company
OFFICE THE ACCESSORY TRANSIT COMPANY
NEW YoRx, Nov. IL, 1856.
The untoward events Of revolution on the Isthnus
sickness on our steamers on the Pacific (both Of
which are now happily at end), have diminished
receipts that the managers will have to borrow,
temporarily money to pay tho bonds due on the LIST
Secretary to issue the bonds Of the company at six
months bearing seven per cent interesto DO secured
Of $500 and 81 goo and offer them to stockholders
at less IL necessary, than the Please let know
amount, prior to the goth inst payment to be made in
full goth inst ISAAC G. LEA, Secretary.
This looks as though there very "big Niger in
the fence few days since the President Of the Com
pany stated decidedly that they not in want of
ney, that their finances we're perfectly easy, &, &C.
The object ofthe above circular u.s. in mind transpa
rent enough and that Is desire to depress the market
value of the stock. The amount reported to required
is $16 00o and the bonds said to be due LIST prox
mo held by Cornelius Vanderbilt. The Company
have carefully avoided to state in its circular the
required The mystery which surrounds all tho financial
operations Of this is sufficient to destroy It's
credit The Company's worst eaemies In the Board
Il Management and tho stockholders will look in vain
for the first dollar Of earnings until radical change
made in the administration Of its affairs The above
is only Of those financial lodges the manage.
ment have so frequently resorted to- for nrposes best
known to themselves II is opinion that there was
not necessity for the injunction applied for some
time since, than then appeared. There has been fine
pickngs in the way of salaries and commissions and
ar the entire has been managed solely for the
benefit OF few individuals, who rapidly extracting
its very life blood
In few weeks the Legislature of the State Of New
York will The members have been elected and
it is pretty wei known how the parties stand. We have
Jao1 10 L.
at Albany for business and in the meantime It would be
well for them turn back and post themselves up regard
ing the history of great money power the stats-the
New York Central Railroad Company As this company has
played an important part in State politics. aud viii again
be found in the market with its money seeking grants
and new privileges, 1t would be well enough for
bers to look into its history that they may be g
norant Of the monster when he appears In the legislative
lobby All deprecate the position to which the State Of
New Jersey has been reduced by her railroad monopo-
lists and no calm, rejecting mind can fail TO OBJ
serve that the State of New York is now cursed by
more Shameless monopoly In that OF the New York Cen
trail Railroad Before the Consolidation of the various
roads now composing the Central line the stock
holders complained Of Of business nor Of the yi
bends paid the stock Their charters were granted
them upon the express conditions that their roads
should in no way interfere with the state works,
and should not be allowed to carry freight during the
season OF canal nagaton and II upon these express
terms that the charters granted by the State
these various companies Their legitimate business was
to be the carrying OF mails and passengers though
the latter the canals at the time derived their ches
profits The roads built and put in successful ops
ration; no complaint then made OF inability TO nav
dividends. On the contrary the various roads paid
handsomely ard added yearly to their surplus profits
But this was not susicient to crafty them-tney must
have the privilege of carrying freight through the
year, but at the same time shrewdly protested
their willingness to pay the State tolls for the
privilege Not yet satsGed by OF impure legisla
ation the toll clause removed, AMI they became
merciess competitors of the great works Of the state
They had not yet reached the climax Of their ambition
there was something sti wanting-the power Of these
roads was somewhat divided and something more was
necessary to add to their gigantic strength and then
came the great scheme Of consolidation and by the same
unwise and impure legislation the browning point Of their
ambition attained and then they boosted openly OF
their ability to control the State With one at the
head ola capital Of ST. 600 Co., scratch Of his
or the nod Of his head could turn to the right
the left the Representatives Of three millions Of peo
PIE and thus fairly block the wheels Of government This
shows with what tenacity they gsspei for power and
their ambition to become great political engine.
The State for the last four years has been struggling
ganst this monsrous power exerting itself to
own Puphc ~ofks ana piace them In position 70 sue
cesfully compete with this INSCRIPTIONS antagonist
The revenues Of the canals In consequence the priv
eees granted this monopoly had become insufficient for
The various drafts made upon II hence effort
made 70 retol the roads, but how vain the attempt
ibese railroad gentlemen Of whom the Journal
pesks go lovingly put stop to that and the re-
suit vas that all The banking and insurance postions
Of the State must be subjected in order please
This honest ans modest corporation that PROCESSES SO
x.prh -. III - a.
half at least OF ths onerous tax Is paid by the cv Of
New York. Now by whoscaid all this rascality-br
We can use no mider word-accomplishedp And which
IRE the mouthpeces Of ths monopoly Can any Gail TO-
ietectf is 1t not known that the Albany Aryus Ia
controlled "bcdy and soul by the "Railroad King %,
Do We not see that whatever the Arms ..v.
n regard to the "grasping Central Road find.
ready responsive echo in the Alba ny Journal.
AL plain enough Next comes the penny Knek.