The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-11-25

The committee dwell with great force and
m nuteness upon the discovery in the Treasl-
rer's accounts of an error of twenty cents.
They trace it clearly aud conclusive from the
shoulders Of the Treasurer to a bank (vhether
the Presidents Central deposit bank ut Alba
ny, or Central deposit bank at Buffalo, they
do not state); and they prove, as far as circum-
stantial evidence can be supposed to prove
anything, that the fault was not the rreasu-
rer's. Probably they are corset. At all events,
upon this great point we shall give the compa-
ny the benefit of our doubts until further aud
more direct evidence JIG produced.
II il upon these two points that the report of
this wonderful committee almost exclusively
rests There has been no over issue of stock or
bonds and the accounts of the Treasurer barr
ing the twenty cents, are correct. Wonderful /!
Was there solitary man in the whole country
That suspected or dreamed of different state
Of things? We never heard of one 1t was
well enough, il the officers OF the company
could not be trusted to oversee these matters,
to cali in outsiders to see that all was straight.
But that such o report--a certificate Of the
Treasurer's honesty--should be published ia
pamphlet form, and scattered by thousands
over the land accompanied by grand flourish
of trumpets from all the Albany papers and
oil their little satellites throughout the State,
is, to say the least, supremacy ridiculous.
But while the public feel no anxiety upon
these points, there are others--matters of grave
and serious import-upon which they are justly
alarmed. Il is charged that the whole history
Of the companys operations, from the initiatory
consolidation steps down to the present day,
has been one scene Of plumber On grand scale,
by certain parties in and about Albany. That
the consolidation was brought about by means
OF an extensive system of bribery and cor
ruption, in which the Albany papers-the
present defenders and gloriders Of the concern
were large participants. That the editor OF
one of those journals, for instance, as portion
of his share of the spoils, had "call for
1000 shares of the consolidated stock at
par" and $4,000 Of JOB printing the first
three months after the consolidation papers
we're signed. That another individual, by
his monopoly of its hardware trade, banking
on it's money, purchasing its iron, rolling
it's iron, manufacturing it's axles, ETC., clears
annually from $4,000 to s200,00O; and that
other officers of the company are dealing
in elevators, depot grounds, ETC., as they
find opportunity, sometimes to the tune OF
100000 on single JOB. That the more
virtuous portion of the direction is over
ruled and their wishes set at defiance, even
sometimes when in majority, by the oversna-
downing and all-controlling powers at Albany.
That the Central Railroad is a political machine,
corruptiDg and controlling the Legislature, and
fast becoming as potent in our State as the
Camden and Amboy monopoly is in New Jer
scy. That its money and influence are used
without stint in the most unlawful and abomi-
nabe manner. That its management is hostile
to the State canals, detrimental to public
morals, and towards the mass of stockholders
deceitful and injurious. We might specify
thousand other denominations charged upon
this concern-we have in fact done SO, to a
great extent, in another department of the pa
per-aDy one of which might well have
engaged the attention of this august investi-
eating" committee.