The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-12-14

correspondent sends tho follow ing remarks relA
tive to the Chicago, Fort Wayne and Ptsburs Railroad
and lie importance AZ grea. through line TO aud from
the west:-
Your article. this morning. tho Pt,sburg and chi
csgo connection 10 70 the purpose and - mo mercantile
parsve distaBca an connection with the PcnnsyivSnia
Central you should have added that the entire
seAnst track upaer forty feet 10 tho mile WIN single
exception tue Forth side Of the Allegheny mountAtus
wness rses % iorsv ssvsn eet,heacs y ases 10
distance OF 256 miles, with short plain OF eighteen fec 70
the miai tho resi- level q, sceafing This advantage
which The itnporant mater IN railroad evaporation
gives the rors only the required facilities for
trade but makesitthe trunk line from he East TO the Me-
sissipp Valley. The saving distance ncccssarllya
saving In time; and ~ toe grades py whi:h cpgin
90 The week OF from three 10 1ve also an cm Ia
the expense we may conclude tha; the route npor
ant 10 the travel Of New YORK In this Wow OF the
ie- tho propsieicrs OF the Camden aud nboy Rar,&d
are making preparations 70 receive tho uade, and
you can sbo~ TO tho people OF New Jersey tina then tax
upon the work . prohibi,n 10 settlement In their
state, and consequently, mustone aoand mo Of
their farucrs, you will render q service.
Tho o,losng extracts from article which appeared
a few days In the Baltimore American, place the
facts Of III alluded TO In .hc proper light IN eor,
Is being made City Councils OF Baltimore to prevent
II possible the porpca,on or this great fraud, and
trust II will be successful The state Of Maryland and
tho cities OF baltimore and wheeling havc deep
permanent intorcst in tho Baltimore aud ONO Railroad
and they should look wen TO IT, clique or spectators
have managed to get hold OF large lots OF this stock at os
prices, with view, as soon As they get the po~ar -
make large profit BY the nnanccriDg operation des-
crhed below. They upon the point OF ooDsuma
ting their plans. The Baltimore American says =
Tho attempt bong mais give Z, the stock OF the
baltimore and Ohio Railroad Company an 1lasd val1e
by the promise Of dividing among shsre holders
oividebd 10 the amount Of three four million,
ui ars a. the aggregate OF revenue hitherto dcvossa
q 4. is
mems o. hnanria ingenuity by which toe present aye
seems particularly distinguished. The first remarkable
feature In tho chemc Is the undertaking 70 divide such
amount as the nft profits OF TN cogPornon at tins
when u is noioroasy without the mcaas Of payag IN,
same " airy rart oi such SUN: and tho next IL the
modest asurance with which thoss VINO have % es-ed
themselves o. its stock appropriate % their use
these supposed rron to the entire cxsuon OF such ~
owned II when ia revenues we've dev1t.d-tnosc "
whom The repeated promises Of rcpaymeni2it forth a.
the basil Of tbs caim-vere necessarily made, made
ht all The inventors Of this DO scheme OF nnancierag
10 have supposed that wotld commend Itself
possibly 70 the support OF ahosto .ho'iers by holdug
out 10 them prospect OF In sup
pr,is no osc se would feel ,ucen, interest ia their
proccedng 70 question " authority or show cause
against Il
But who the pcryons who shoad share 10 tho dis
ibuton, could DO made, would be the ncvt question:
have no doubt transfer Of share Of stock, say thsy,
matter how often repeated, carries with necessarily
all The profits wnch may Ne subsequently, awarded 70 ",
Il Ibis award be msae hs the lew prcscrihe3-Irani r.
but II, IN tho abtepce Of ali evidence Indicating design
resort at iuuie day 10 extraordasfy dividend of
this KIND ey have suffered their former stock holders
The men whose earnings have been thus appropriated 70
sacrifice their stock under the impression that thesa
ngs had been all absorbed Ia other purposes Of taer
charter, and manifesing thom design OF max
Ing good deny that tue pveset stockholders have
qufed any right 10 such eccretiongood latin, far
dealing, Or common honesty. would alike forbid IL. In
other words the fact that dividend OF Thu or other
kind oDly be conveniently ard practically awarded 10
the stockholders at the tune being 10 itself conclusive
circumstancc carrying ont and confirming the views ofhc
Court Of Appeals already quoted that such dividend
can only he made shen purpose and design {, tia
effect we're made and expressed at the tmo when suoh
profits accrued and were appropriated
The idea ola corporationthe owners own road
it, revcpuesof The property Of every Kind out OF
which Income DO earned or debts paid setting up
against sefa claim OF three four millions OF dollars aud
invention, that among s the cas of these nancicng
days. baars the PAIN alone In sober seriousness
any his contemplate such contrvance and
Tor any other Hypothesis than that
sinister purpose alone could have suggested such
roceedng-snd IL not that purpose transparent the
paw when call 10 mind the notorious fact very
men who stimulating this movement known
throughout tho oity 10 be the boldes operators this
company's stock.
TIE gross earnings o. The FH,sburg, Fort Wayne AMI
Chicsso Railroad Company for The mo,h Of November,
1850, were i0t n
same month last ycs l0l457 %
fucrcase. SEQ 4e 10
The earnings Of the month ware dim mshed ny the
barring Of two bridges the slst Of Octoscr snd lat Of
November respectively which interrupted the business
The line for i've daye or ono dtth Of tina NINTH rrorn