The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-10-16

on their widows who have heretofore received 100
each under the resolutions Of Congress Of Septem
Der, 111e Eghty-sx Of this class have been al
lowed
The Albany argus of the 18th inst. contains the fol-
loving article relative to the New York Central Railroad
and the grand consolidation scheme of 1882
The New York CENTRAL RAILROAD IT'S AssAILASrs
The New YORK HERALD OF the Sth inst has attack
upon the Central Railroad, and upon all those ndscr
bold faisehood and reckless maligny has seldom been
equaled, even in the columns Of that journal. With
those who understand the influences which prompt this
and the kindred assaults upon the road which ap
pear in the HERALD explanation Of their motive is
necessary. To others and especially to those who
posted up in all the rascalitie Of Wall street. it may
be well enough to say that these systematic attacks in
that paper simply the tricks Of stock gamblers to
their neighbory These gentlemen would not steal the
investments of widows and orphans Oh, no They
honorable men' But to induce them, by fraud and
fasehood, to sell them at much less than their
actual yalae-that Is ga fair business transac
.ion." The worst that these harpies, who scent
its shares reliable dividend paying stock at the
road and all its equipments kept in the highest state OF
repair This most persons whose teeth have not been
satisfactory. Nor does II render New York Central less
valuable by contrasting its dividends with the Western
roads, which gladden. their stockholders with larger per
centage II only shows that those stockholders, II their
investments continue, after enduring the test Of time
remuneIatiye as at present. are fortunate men. But
stock perfectly safe which regularly puts in the pockets
Of its owners interest Of eight per cent per annum
satisfies the desires Of most men whose audabe love Of
gam has not been stimulated into grasping avarce by
Wall street operations. The onslaught of the HERALD
upon this road, account of matters connected with
the consolidation nearly three years ago only exposes
the malice of the assaant without reaching the object
Of his maleyoence. We certainly shall not undertake to
assert that censable things done in connection
manded quite much by the public interests by those
of the several corporations we doubted and that
the managers latter acuated by enlightened
appreciation of the prospective business wants Of the
immunity in harmonizng upon union Of The several
roads between Albany and Buffalo into continuous
line, we think Is quite clear Would public opinion
at all tolerate return to the old system with its change
OF cars its failures TO make connections, and its other
manifold anloyancesa II would not be endured for
single month. The New York Central Railroad long as
is its line Of railway and vast are its concerns, Isl
nevertheless the most perfect and the best managed road
this continent. Its immense business is conducted
With system and precision worthy OF all imitation, and
which, venture TO assert is no where in private cor
merous trains during the past season, have been
with a regularity and precision which have excited the
station the line at the precise minute indicated BY the
time table has come 10 be relied with confidence The
in charge of the Central Road directors and officers
rank in all the elements Of character and business capacity
among the very best in the State No service in the
country has the advantage Of higher grade Of intellect
integrity The attacks allowed to be made through
the money article Of the HERALD upon such Of
course mpoent, but they not for that any
the less shameless II that paper has any regard for It's
reputation 1t will cease allow its columns to be thus
made the vehicle Of rapacity and malice We have not
been in the habit of assang that journal of imputng
TO 1t the character which of its contemporaries have
given IL, but such prostitution Of Its columns II has
allowed in this case WILL II continued make it
odiou in the estimation Of fair and honest men, its
worst enemies could desire We have not the slightest
interest in the stock securities of the Central road
and had and have relations 10 the company
any Of it's managers calculated to influence opinions;
but it has seemed TO that sentiment Of justice should
induce honorable men everywhere, to rebuke such vile
assaults upon of the most esmabe citizens Of
State Perhaps the matter does not deserve the aten
ton which we have given it,
For the sake of identity it is to inform the
reader that the above oyyumcatum al hominum from
the Albany Argus, long the special organ Of clique o.
roliticomcney operators and toll gatherers Of that
city, is the semi-oficia reply which the New York
Central Company has thought proper to make to the COM
plants q lie stockholders and the bill Of particulars we
furnished few days ago in their behalf The defence of
the Argus is remarkable for its studous avoidance Of the
facts alluded 20 by 1t Is certainly very bad
that cannot be successfully defended by such testimony
as the Argus presents promising of course that the pub
lie is willing TO receive 1t conclusive Let US look at
the II stands. Rumor for more than year had
been busy In circulating stories concerning the origin and
conduct of the consolidation which reflected upon Its
managers either gross carcesress or fraudulent conduct
or both. These rumors bad reached the ears OF the
stockholders their effects had their pockets and nine
months ego they apponteda committee consisting ofJohn
H. Swift Charles stebbns and Joseph Battee, to invest
pa,e their character That committee up TO this time has
made no report and II Is now said viii not do til the
next annual meeting Of their principals Meanwhile the
subject being Of strictly public nature, we sub
,oi.ed the material points Of inquiry in other words
we gave specific form to reports generally circulated In
the community and which more or less credited
We stated among other things that the Central concern
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