The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-01-29

Total. 872, 768 49, los $780, 922
II any conclusive evidence than this is required
Of the enormous business and productveners of the
Galera and Chicago Railroad, abandon all hope
convincing the public, Of showing where the bes
securities can be found
When We first presented to the public full expose
the New York Central Railroad consolidation scheme,
the columns Of the Albany organs that and cor-
rup corporation eemed with all Of personal abuse
No one Of the charges made sganst the company
Rented and not the FIRST fact presented la argument
for the purpose of disproving statements. It sp-
peared to them perfectly horrible that public journa
should presume to question the honor integrity Il
snch conceived and carrsd through that great
financial measure They doubt were astonished when
tLey thought all the niquy of that had beoa buried
il oblivion to ali its secrets, all the resorted
to- all the nedi pyramids thoroughly and concIu-
svey exposed and their establishment found at the
time in the application Of those epnets which the Al
bany Journal frequently subs ues for fair argument
palmer, distinct and straightforward statement
Of facts placed record than gave thsn
We charged that the act q scheme of frsu3 coz.
cocted by the political stock gamblers and harpiea o.
Albany designed for the benefit the few to del eut
of the great Ct holders and would remain the
cable curse Of the Satehat carried through the
legislature with unbu.hing and enormous bribery and
cTanmtd down the throst5 OF the geeas mass of
stockholders BY means Of the mort outrageous de epon
and fumbug TIE policy adopted for his before the
consolidation induced utter neglect Of the roads and
absurd imitation of the stock We chsrged that |
besides buyi1g up useless roads and branches aud |
stalking out imaginary ircs ard putting ths into the
concern at prices al which certain iudivdqa made enor
fortunes OF the leaders sold out their stock
when The consolidation completed leaving the de-
lueed humbuRged, sSndled small fry sleep fAncet
.ecurity on tbeir imaginary property Nay that
81 thesome Of the directors in he old paues
when they found tnat they could clear rom 500 to 30
per cent their Investment left their constituents to
tale themselves while hey sold at 10 per cent
and even went short OF the stock that figure. We
charged hat singedsy and BY stroke II the pen
over slf C00o9 added to lbs ptal CT the Central
Pairosd proper, every dollar Of which sshcr imeg
nary valueless.ha this voluntary fiction had already
been preceded by addition Of nearly the mount
rendered necessary ,be the original proprie
tors, and he progress Of h age requiring change Of
neary every species Of material the wori-thst 10
fsc for about fifteen million Of dollars first cas road
could now be constructed from Albany to Buffalo With
double track and equipment complete.
We alluded TO the o. certain par SUI
the consolidation. We stated that although the Pre-
sdent n his extreme beralty had cobsen ted to sew
the company without salary be nevertheless ".
nus receipt rom various little perquisies ofth Office j
from hundred and fifty to two hundred
opinion with The field for competition = -c.y opso
TO the word-wih the prospect that prouca pr,s
should fail back TO their origins, standard wol
to its paturs channei-tbe r. ie Cam, en- areEt tn
deeieas of local business arising from the cessation
increase Of population lin s'na actgs Seere.e
in many Of the counties aloDg be li9e ~ the road
the tremendous competition o. he Eis .airosd aao IT,
stu more formidable ccmfetfd for hrouyh bnsress "
TIE Southern route 70 be opsned soon vi 1abroksr
gusge from New FORK to Tho Aiss .sipoi rys- via che
New Jersey Centre Penns 'yaa4 Central Hahoains va
ley cleveland and edo, Mca gan s,utsru oss huadrod
miles nearer thsn ~ he New York Canr.. .ou,n with
these and OIL opposing irausncas sns IA ,s
ofthe Central having beer worked p tie
Of near forty ons Of dollars II iuld 30
TO expect that the dividends heretofore raid con, ~ san
up In oil this stated Whist beeyes 70 b. ~, H. a.
truth. We unnentionaly made two or three slf,bt a.
rors, which might we'll take osrsso, he-a "a
rect. We stated that the Niagara Fails a,d C4oaod,,a
road had been added TO the Central srce the con
dation This learn is not the Gaze We stated mat
the ueenston road included by eae when "a should
have said what doubtless most Of cur reader, uni.-
stood) the Lewiston road. Lastly omitted 70 say
that among the prominent who figured 10 the cop.o
Hda.on scheme, the most active and In fact the very m
and sou of the whole thing the editor Of the Abo
Ererirg Journal
To the above bill ofiers the only reply we have a. vet
SEEN the Of 'Not Gully pu. in by the Arms asd
Jounot Every cuptH has the rgh. 10 make this ple.