The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-01-15

4Too per cent Of the gross enaisgs this branch Of
traffic.
The transportation en- pen.es charged 20 passenger trst
nc hsoton over Oh 10 cent of ths earnings
Dor the year GA mat sersiso.
reply 70 tne often rspes'ed assertion tnA railroad
is here gvel:-
year enoDg sepsemb.r 30, 1905 tina, ne raaep-
Gauon expenses Tor tue o. per
s,ns mops. business sos s 1os es.anss sss.
sinking iund and uaasporisnou expenses, u equal 90
aC;ss7 per cent on thetspsI stook dra~,ns dviae0d
49, Inc net earnings ON toe gs-seuser usfii wore only
osls per oent on the freight ,S VI per cent-ase
rage On both, az 40 per cepL
The Limitation OF this company cusrse OF t~o cents
10 on passn ers, bOaea oy tho acc Of ooascii iauoa
and she competition WIN the New YORK snd Sre In ooto
passenger ght bueiUess oou latter 70
~ through al the rse on.rsed o. toe New
YORK UeDGai company Out appears IRON tne fePorte
char ed on drst cas- way pssr.VseIs Il tue Cen rAi
company could haze ch~rsed of sa1 ave 90 tns olses
OF passengers, ana had zone 60 is reoeps on tue Gus:
5500,,0 OF sdditionn average expeass OF tSenty
cents each on the q b9.' ia " rficd
Toe average 4, fare gsd paf aie on all classes
or pafseDao,B b, sesle, an0 COT 2s oeots PSF
mile Tor the carriage Of eypg or net earnings per
mile 60 mills. Wblie ITO got passenger oarnises VIII
pay about i've per cent 1y dly eaa capital the net
Gfeigb, earnings wilt pay bear lsb DER ceat
1ns above tsa,enleuI l&Jss a-Lrst.s the policy IN
practical results OF .xisl.s iessAsi,n as regards th
canals ana pTi0Opa oeng lines a rail from ia
audson rivef and New Yurs W no iises aud CApAta
Abe railroad passenger bus bejs Ia nuCu Tetriotel
price, that tho net eaTL0ss from tlst tatc 90 not CIV
fsir dividend ON the osUs, wn,e toe tree trade 10 ca
hebt bosness not Only makes ~ tue iors but eaa ole
TIE railroad direcli tDer Ordinary dividends
from the freight earnings aoas, and lay oy ri, sur
plus.
In the present and prospective condition OF the
finances Ut tho Stae Wi ara levi ID ia
aidof thorn, large portion tos people soc
and never rice the raiirosas taxed to give 10
passenger faro TO tsoe VINO 40, ~hst0er cEsns Of toe
ststc or Let, ald 10 give dividends 70 railway share
holders.
When the railroads from Albany 10 Buffalo were char.
tered, was supposed the STATE ~oud Ill this
<lath oatS foAs
completed ana open for Eah In 1886 these TOTS
amounted to nearly tioc t00, Ia isao 1850 1885
70 S26; and Ia 1900 thuy touched SEQ. IL Vas not
unit sitter 1850 no ~ever the railroads. su ,oeeAsd In
taking all or nearly ali the emsran. passengers from the
canals.
Although, In examining the question 70 the imposi
non Of los railroads. toe Operations OF cue t~o large
lines only have been presented the Au,s tnteod tness
remarks shall tina snole srouDd A0d Apply 90 ali
companies whose freight Isilic operates inIurousiy
70 the canal Ieveuues, AMI wlich were reieased o.
abe act Of 1861 from ayiAe sos mpused oy the cot OF
The gross earnings OF the New York and Erie Railroad
the l1t year nave bean from p.saeos rs $i,ooo.e7t;
nom freight, 81 6aS,Isl-tSsl, So 3a8 Os. And tue
transportation expenses Tor Sue are stated IN toe
report OF this company ~ ~ 90 per Cent OF the gross
earnings
The sggr gate of the earnings these two roads
on freight aone during ns year mas DC act DOS at 81
@3e elearniDgs that " coup asae capital Tor It's
use; while the ne, income from canal tos during tae
same period was q l,9os,ho0
During the season OF navigator 10 1856, there was car
red on ali tue canals Of STATE los 4,b toas OF 'ar
1869 SGo barrels and irons Gasefii est@ats, fouaied
upon Ia pOttettOD 'ue SUI yuenu
Of hour by the canals be last seasoa VIII not exceed
leOt G0 bsrrels.
II has ears been urged, with much apparent
piauibuity TO the minis % tnOsa $40 we're nJs tuiy
scquante0 with the fasts Ihas railroads. cou,t
oessniiy comp to 9Th zoe eansoia Ia srausp OF
frogh and Il was Do lDt Vs,Lg t1e preS9tence OF
This belief ths the ssIaco 10 1904 coasenet ~ re-
bpquub the 'ois on ife.sot cwTisi ~ 'si'rosis.
IL "a nov moeriaired that 40 tDgi0. viii nsd, train
containing enc tuadrei and d aua tso auu Ire1 ons
OF freight eXc1tyc VI the 'ea1 vesn % toe WEIGHS OF
tho trsin canal boat sin 100 regis xni no.
OrQiLGrfiy Bal
OF eight daytB tbis englD. vito ioa ed train
or 100 tons would run foar TN say over tn ruld
from Buffalo TO albany and cscS sd deliver oVo tons Of
Bu TO state tho case n c,nss ~ord.: GA, locomotive
Ano fret Ait train Will pesVrm enc INES the service Ia
delivering fregbt one ~s sna, 6soa boat eau OF ike
capacity, eight limos a. much ~aen ,oaaed oott
Esht oanai boats OF $50 cay scy, stsrOs a, the
time fro bGrdo, stI oJsor 1, 2uO toes al tile
water eight DAY wlle eight iFisDt Aus can dover
4sto toms la tho sane ne, saSea iron snd et at tae
same potnis
legislature OF p'oyidhg 10, 10 =. ~s1, ny toe canal
ruDd the general OF $500 Ooo per tor tte
twofod ooJeGs o. paying tn5 "e IS. IN was ss' kaosa
q. the General EuBa To d.irsy the Ordinary
pcnses OF the cove rnmeat, ~hcn, vas tbsu veil un
oestood coud not De met from aSy oner source .xospl
by direct tsxnu upon TIC plOple VI tue STA Goa
su,iops obligation not oay ressc u,on the L-giss'uro
but Also upon tne CnDa Board and Commissioners OF
the Cana Fund 10 take tas, tno rsv,o zee srlng
from tolls should he cyer,ed impAiroi 81
any time 10 be iDsaficsnt 10 mees the coisuiugooal
charges upon them. Il s uue rue coas,ituu'n OF io4
doe. lot IKE THAI 1877 sadix OF
which could not be altered or casag,d ox,sps Ia 10
ssy pointed cut nut the Auditor re,p,ciIaly submit.
thai tho reclon 10 appropriate aud pay oeraa spocbsi
out Of Tho rcvonass Of the canals, nphes an OBI
cation and duty 70 imPo-e saoa rates Ut .os 81 would
Be adequso % M et the demu ds upon tuem TINS qucs
ton we considered stued s1o acted upou SOON Of
Ter the constitution OF lst, ~ss ~ ined Tue Auditor 70
chat ralcs q toll W pc IKE, soleiy Ia ves to
revenue Several Laws grating bcunrcA, or allowing
came dead e,ter, were repealed, r'r aging upon
The consiituuon
adopted OF the rarosas tns we're released from
paying tols by tho OF 1881, lsro probiced
81 their cnsrters from osrryss lresat upoo say COO
dllons and others aosei u.rry fraiTaf
aton OF paying tolls woaid tne Le. sature In view Of
ahse oon,tutoaa pledges, have eysAed these resrr
lions entirely and Internationally, toe Tact had oecu
known that tho competition so-sa would have reduced
che tolls below fair revenue stsadsrd ina would meot
ns so. by tho at. cnsp 40 Of zoe La ~ Of lsI the
railroad companos vhost charters poiionej the trsus
portaiion Of freight up 10 them wsse relieved from the
restrictions aud they sdowo1 TO take aud srspors
upon their rail ways all oo-, onttsis and properly that
might be offered and these c9mpanies 90 ,oaoidon Of
the grant, required 10 ino the treasury or tue
stats the samo tolls per nile on a. property ~ you'd
have been paid thcm from tie pous Of rtc~r to toe
point OF delivery, had hey been Transported on the he
canal
The &c. uiso provides and de,rcs that the tolls
collected freight trsstTofte1 railroads sh0did be
deemed 10 belong 20 the iaod. shd eooud paid
and appilco ~ the same manner tols coeoted
freight tam ported on the cs,a.; aud IL not beDs vel
that any other direction could nave n,cp properly given
70 thcso rcrcipv.
The oct o lS4I was not court teret 80 pfrnsemen OF
The section OF ths seventh sracie, for
Lha, did not aiensc any par, portion oftae locoue
Of the canals Il the Ltsis aurs caona 'se tsse, or
otherwise dispose any 81 ire csoss OF the STATE ~
difficult 10 perceive By What authostty thtr fcyeoue
known, fxod and ca joSes wnen ths conss tu,loa
adop Cd, Can DC siienaseA Toe must rcmyn the
proptry OF the Ssao and ruder rs management The
satc held uugrantet iraocnse lse wuich sccur red
70 tie citizen ana from ell future
onrihens m regard TO class Of specified puolo claims
should or tnst franchise alec sed before
beneficial OBJECTS tor vhion he'd have been saus-
hfnY II the state can srsRs assy sry portion az the
canal revenues rtrmarentY, dispose Of the whole
Of thcm without reserve
The act W abolish tots railroads passed ~ q
majority bill toe l0.h OF july le6 A. printed In the
session laws docs nos Ape thss three 1nth Quorum
wps present. nor was passed % tao third vots. 10
provisions are
sect on sg not be pecesry for railroad company
IN thla ut mpneI The lrrnarfr ID