The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-04-29

| o'nr'en, b d. Hughes. Douton rcarsau Charles So
A. b Rape}e, julius wsdsSo,th Cornelius McCcon, Say
\ be J. Sheidun, Thomas Crane Waldo Hutcbings
David Ill haehes has been excited President, In place OF
Iensoa fearsa resigned Martin J. Sheldon Vice Presi
dent. John oBren Treasurer and D. Peters Secretary
l. now about twelve months since the management OF
the Second Avenue Railroad takea hold of by OF
the gentlemen named the above list OF drectors and In
thai eS'e hss sean ,sn--o ron one or the
oee' managed railroad the in the CITY We have in this
instance srVog illustration q what good management IN
",d matters n4sbs Inc difference between e0oo anu
had ,nenaseroea L mat the difference between apf0"N
dive and nos sgcauc,ive piece a pr0Yerey' -. bad
manage ment te hex property IN the world may be non
productive and with I'd management. the worst may DO
made productive The S. >"na Avenue Railroad Is the
oniy line sS,sndng to the upper f' tao Sad and !"
the residents q Harlem /, IL OF .calcuLse value WIN
more spaIsey populated section Of the c 'of "S up
town route IL now profitable line From III" "''ne
Idea can be tomed Of its ultimate productyeness as pp
laon increases, and sources of business extend and
enlarge Every Improvement that experience suggests
viii without doubt be adopted and the travelling pubuc
Afforded every facility required for the greatest comfor
and convenience.
In the last annual report Of the Great Western Railroad
Company OF Illinois, the following well known persons
were Published Is directoys;-Ieroy M. Wiley, Nelson
Robinson Morris Ketchuzn, George Grswod, Vim. Aug.
White j. N. Calin, all Of New York. T. J. Carter; r. B
Msson Illinois The defaud bonds signed BY Movri
Ks,chum In the hast report the Board or Directors state
that this road wiz fourteen per cent all It'd into
rest and expenses Instead of that the company already
delinquent its interest The railroad property Of this
country rapidly running ruin by tho neglect and in
difference OF is managers The stockholders have acted
Just though only necessary put forth List OF
rich directors TO public confidence and high
credit for the company hss been demonstrated that
board Of directors composed Of rich Is the worst
board that be got together. They mink their names
sufficient, and do nothing As general thing under
their management railroads rapidly into bankruptcy
TO THE EDITOR OF THE HERALD.
CHICAGO, ST. PAU POM DC LAC RAHRoAp Co.,
No. II WALL STREET NV YORK, April Is, 1857. J
The announcement Of the Chicago Tribune Of the 2st
Dodge Bacon Co. Of London Is enureiy without founda
ton. The temporary suspension Of that house was FOL
lowed by ,mmeala,s resumpaoo az announced with "a
of this city few days since They held only LIZ Of this
comp~nys bonds when they su:pendeed n, pros.,.,,
In regard 70 this unscunded report the Chicago ru
OF The I'D inst says.
We are'gad 10 learn the OF toss said 70 have
fallen upon the Chicago ST Paul and Fond du Lac Rail
road BY the failure Of an Enssh house with when tho
y without foundation aad the prospects OF the ROAD were
never brighter than Tho house 70 which we referred
Of The bonds Of tbs company in s possesson has nce
resumed and the bonds VIII BIO returned without inc loss
OF a dollar.
The receipt. on the Morris Canal thus far this season
compare with receipts corresponding time last year. %
| fonows;-
TOTAL 70 April H. 1887 ~ ,88s 81
| week ending April IS. isS'............ 4,ss' Il a.
TOTAL 10 April 49, 1855 Observation-Disclosures. l,l6I S5
Increase. IL