New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-07-20


to withdraw a certain amount Of the passenger and
freight bu.iness which appropriately belongs Railroad
b. and so rice rersa the agents of Railroad may sue
coed in Withdrawing certain amount OF business nom
Railroad but this pulling and hauling has In no manner
ncre ased the aggregate OF both Roads ana prooaoy
neither Road with all the lavish expenditures Tor that
purpose has increased its own business particle over
what IL would have been if thing. had been permitted
to take their natural course. Another prominent error
of railroad managers is the adhesion to mistaken the
ores ofSuperDtendent whereby it has been attempted
to demonstrate that business can be done for less
amount than experience teaches is practicable. This
original error to be persisted in by most Compa-
MES, Notwithstanding the teachings of experience to
the contrary. Our attention has been long arrested
by these glarng errors of management and the pres
ent an appropriate time to call public attention
to them with some hope of inducing different policy
which may result benefcialy TO the whole community,
which is deeply concerned in the successful manage
ment Of vast railroad system, as well as for the
benefit Of the stockholders more particularly who by
the investment Of their capital in these enterprises,
ought to be looked upon public benefactors. Let
Us, therefore, invoke a different spirit among
railroad managers from that heretofore almost uni
versaly prevailing, and exhort superntendens aud di-
rectOrs to cultivate spirit of amity and concert OF
action. Let them agree to put up all their tariffs to
living ratesrates that will produce fair dividends on
the capital invested let them fix their timetable at
such moderate and reasonable speed as not unneces-
sary to destroy the track and equipments cut oil en-
trely the useless for runners and the result
will be that few roads will be found which do not make
remunera.ive dividends Such system, intelligently
adopted and faithfully executed, will restore the rail-
roads of the country to the confidence Of capitalists and
make them the favorite subject Of investment while
the present system longer pursued must end disas-
trously.
Gilbert L. Wilson has been appointed Treasurer of
the New-York Central Railroad in place Of John V. L.
Pruyn, resigned. The Albany argus of this morning
says:
1t is year or more since Mr.. Pruyn announced to the
Board bis intention t. withdraw from the duties OF the
Treasuryship, which had been exceedingly arduous
during the frat years after the consolidation.
On going to Europe last Fall he left his resignation
for the action Of the Board but the Directors omitted
to act upon it during his absence Mr. Pruyn having
returned called it up yesterday, and had " accepted
Mr. Wison has for over two years been acting as AS
sisant Treasurer, and is entirely familiar with the GU
ties and they cOuld not be tevoved Oh more compe
tent officer. .
Mr. Pruyn. who has heretofore DEVOTED himself so
untrinsly to the interests Of the road remains IN me
direction and has been unanimously appointed gem
era counsel of the corporation, and the stockholders
will be glad to learn, will continue to give his time to
its affairs. The new arrangement is entirely har-
monious one both in the board aud with the officers
concerned and is calculated to effect desirable dv-
zion of labor and responsibility.
The Easton md J DAILY Express has the following:
The Union Bank Of FrenchtOwn, it is rumored, yes-
terday closed its doors. There is considerable
amount of this money aoat and advise persons to
be cautious how they receive il.
The Anthracite Coal trade s steadily on the increase
the business by the four principal lines for the past
week as compared with corresponding time last year.
showing small increase: