The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-01-30
AND CO aMERclAL.


TUhDAY, Jan. xV-o +.
The stoct narhst to-day wAa steady, with moderate
usaAs Az the first board slight changes mo-
Acssbb. They In general for the better. Eric
stock adva.esd x; Reading, "; New York Central u
cAie<s and Caioags, 1; Cleveland and httsbug, NJ;
Ceveasnd and Toledo, Vi Hudson River, 1; Inaos Con-
6si Railroad bonds, y Panama stock declined Y; Ne"
York Celtrsi RsiroAd bonds, SIS, y; Michigan Central
n and Cumberland Coal stock, y.
AZ ths second board the market about the SANE,
aod closed seAdy. The closing bid for Nicaragua was
2ak; Cumberland, 2Sk Ne~ York Central ~: hne NAL
road Nx Harlem, II; Reading sik; HUDSON @ver'
2sk; Michigan Central ssh; Panama Railroad, ssx;
Michigan Southern S6x; illinois Cenrra IA road, ssA
IAlena and Chcsgo 1857 Chicago and ho'k isand 20.
Money vss In fair demand, with adequate supply
Thsre was no cicuy among the brokers In borrowing
nm os At per CEN, while frss class names ON CONNER
sl paper of short date at from 10 TO IL per cent
Tho transactions at the Office Of the Assistant Treasurer
so-dsy. were ~ follows
Paid Treasury account. $2So $40 Is
fsssncs .a oso'27I Is
Paid for Assay Once. ,s dsS Is
SIS 900 California drafts.
Exehaa % dull and hear of engagements Of specie
lDr the steA rcr of Saturday.
Tia general complexion Of the market Il inactivity.
Great doubt 70 the character of the Europesn
BY ths nsxt two and no less ss 70 tho
effect ~ be produced business hero Even snouo 'no
iDreisn intelligence be unAvoraboe there an impres
oc In the mnds ofb that NAB bad eHects need
or indees can flow Ibis country We are in great
measure indspsno Of atlantic auctuaons and
the days whoa our commercial community looked with
apprehenson TO London and Paris over. Our pros
perity firmly rooted to be shaken BY every breeze
from tho otner side Of the water In business no less
than poi icaliy are We independent
The contemplated meeting Of parties interested In the
several New England railroads, for the purpose OF
revision Of the freight and passenger tariffs Is the ini
6atory step Of an important movement and must, or
u ought to- result 10 advance of rates and an
Improvement Of n snaRement. Conpetd n aud an un-
due regard public osmor have reduced the ndard
OF prices 70 point altogether low There must be
. reaograde movement very many railroads cease TO
operate Why passenger who is carried IN one-fourth
Of the time required other modes o. conveyance should
aIso demand to be charged only ene-foorta the
price, 1t is not easy to SEQ. Surely he might
Afford 70 pay double. Yet It Is the fact tibet
even the low rates OF three cents mile where
spee of IS 40 miles hour is attained, have been
generally regarded too high Railroads, anxious to
nse. the pubic wishes, weakly consented 70 put
down their fares below remunerAtive poat and
find hard TO retraoe their step. But, hard 1t
be- necessary No other Is left and ali fair minded
men viii applaud Ne~ England movement in thissre
gard.
Ttsre has been much to and complain OF in
railroad management cksoaers have left ything
to directors and directors TO two thrcs leading
beers Of their board Thus very feS individuals have
had 1t In heir power to make immense fortunes, BY
extending the liabilities Of companies, building
Now roads, contracting entangng alliances, spe:ulAt
ing in real estate stocks, and in multfous opera
hons for their own individual profit. There should be
fuller exercise Of the democratic principle in railroad
companies Stockholders should inform themselves and
should be consulted Whenever any move nent invov
ing he interests Of the company ia proposed Until this
is dsne and perfect intelligence pervadss the
Of dstiust prevail and their interests
win BY the operation Of the dose corporation ys
ten Railroad property will continue TO soil for than
IT. real value owing the i that pubi confidence
Accoxded to management inherenJy vicious.