The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-02-21

The New York Central RAiirosd Company II Is NOT
cessay refer here tho poina Of the article FOE
trust oil parties Interested In this roai sookh
VIII careiuny road for the purpose OF iearnug what
European dansts think Of bogus and docorod rail
road relurns-
spruyn, or AMERICAN RAILWAY BALANCE SHusn
We are awNe that In referring 10 any delin Iuences
committed by our Atlantic cousins Ia financial mAt
ter. are treating upon tender ground iGr aer the re-
courts, cannot boas OF extreme mo- ALLY Ia high
quarters Nevertheless, abuse her may, hoaesty
be opposed and su6at 70 uIqa,iie led ooaiema l,,n
We havo had Ssdliers, our Oamcrons our R,5ioAs
and America her schuyefs and Huntnstons thst
few OF The serfu and wealthy STATES Of tho world
boat Of being free ro u como slain OF dshone,y Ia ths
ocmmerc a and ansnclal psrl OF their community
We publish In another part Of our Impression the
balance sheet Of ,he New York Central Railroad Cspsny
10 Sept 80, lebe We do 20 TO warn those who are To-
clned To invest their money 1, these securities not 20
place TOO much confidence In IN array OF ngures which
nev.rbeest DC very delusive. TIE capital stock aud
debt OF this company amount " forty one million dosts,
Of ,ae secoun, ,hers is an tom Of pu, down
assets OF the company TheEo would BIO no necessity
for calling attention 70 his item bus for the oStraordi
psry amount and for the still extraordinary tile
given 10 II IN tnese accounts. Hofe " is-
Future ncome-rroporOn of debt cestasses 4e. charge
able 70 he income Of The company nom Sept % lS to May,
lss3 s. 52s lIG.
We mus, confess that this q plan oS railway auaucs
OF which We have hitherto been unacqua'n.ed, AMI
.
banking balance sheet than sny example that has come
before US Tbs, II Ia pau which will render raiSay
statements exceed ugy isu,e ,hcie oannc, 10 doubt
and that would be extremely convenient In sono OF
cur kogsh railway companies II 10 could DO ae.
nted But 90 not think that even the wsrixo East
crn counties King HUDSON ever drsalnei o. settling
the bsarcs OF an snnuai siseDen. by anticipating
sfssre ir come" for tho modesty assumed perio1 Of
twenty years in advanced Ne wilt therefore, give
70 Ego ahead relatives the fall benefit OF thc ais
oovcry, and call II American financial cooking made
easy" with the hope That the Al s not extend Ielf
beyond American SOIL and thai Of metropolitan
railway boards will inof their io-tnco ming dividends
ey nnicpans ihslr incomes for Tho sext quarter OF
century.
The rserten Of above item Ia clearly ntroduo.
lion OF IS s6 In the shape OF assists which the
pary DO possess; and Vie principle be allowed "a
1859 there be reason why any aoncency canuot
be q, ppned by extension Of certain number q
years o. anticipated income At any future Time. II The
bodts OF tots company Wish 70 secure purchasers
N Ergsh money msfie or 10 any other market ~
tho woSo, they bad better 70, deceive themselves By
tricks such have been prscussd In these aocoants 10
the meantime We caution our own counlrymer 10 io,k
well into the affairs OF hese companies before vsnturcz
70 have any thing 10 do with them-
The annexed statement exhibits the value OF foreign
dry goods entered ., this port for consumpou fer
house and also the wnhdrawaIs from warehouse ta-Is
TIE week ending and including thursday Feb I9 1857
rs.~f