New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-04-14

much so az i, was anticipated would BE-. The in
creased receipts of gold from the interior however
uu,t afford sensible relief ere long, and hope
soon 70 find the country paying up promptly We
have no change 20 report III rates, anu hear OF but
very few loans effected.
Nothing Las ye, been done in regard 10 the State
debt
We copy from TIE Clereland Daily Herald the fol-
lowing reply TO an article in The Herald OF this city
rrou the Cleveland and Toledo Road. II will be seen
TIM, il denies upon authority, most Of the statements
made by The Heydd
TUr Y Y. HERALD AND THE CLEVELAND MD
TOLEDO RAILROAD STOCK.
We have marked from time to tine the attempts, "
insinua,ions aud broad charges, made by me Hse'
York Herald to bring d-credlt upon the present man
agenlent Of the Cleveland and Toledo Railroad ana
by exciting the fears of the tmid to depress the Stock
Of that Company.
In the Money Report Of that paper for March 81
labored euhcy j. given of the management OF the
Buffalo and Erie Railroad and It's business; lis econo
ny applauded and mainly credited to such a. james
: Wadsworh and George Palmer, ,rio iooE as closely
ott,r me expenditures as they do in their pirate oprr'
tions. 7Tis Poad," saws The Herald. earns Ju"
enough 10 Day tie interest on rs dc6t AMI fr'dcRds On
is siock This Is represented enc Of ne most sFc-
c,sstH Ra'lrodd Companies ~ ne coaH'ry' ant max,
0ttr DaViHg It's interest and dtrdeHdS z ms ~ SHr-
llus. After saving much. for a striking contrast,
We have the following:
Il road ninety miles in length, with bnt one track
costing but 90 600 0C0 and doing principally paSSen
ger business at high rates, rub along IN this close
way what can We expect of company with only
about the same length IF read, having nearly three
times tie Of debt and capital. doing business
AT lower rates account Of powerful competition
er in ,h city and high salaries transfer and register
clerk with the expensive and eNpans sys'em Of nan
cerng tie old United States Bank L hardyneeessary to
& the Bnelo and Frie When ia admitted that tie Buf
o sd Ere just makes out to pay the dividend and interest
idea Of the ability Of tLe cleveland aud Toledo 70 pay the ia
tre. aud dividend cost OF eight millions Of dollars tor
abou. the SAME eus:h OF road between the terminL
Iii. apparent from the above that the object Of The N'
Yotk Herald this present time TO affect the stock of the
C. and T. r. R pr udcay andby misrepresentation and
this stock in the East For the benefit OF al such We have
We are somewhat familiar with the management and affairs
of this Road have had ready TO the books and at
fair Of Company at their general Office IN this CITY where
their accounts Of every character are kept and balanced
monthly These books for the inspection Of any stock
holder or tdr dealing editr al s puss hou'' we ae
well acquainted with the officers of the Company the condi
Prom an Examination d IT, books Of The Company
certain the earnings Of The ending June 1885, to have
been $3.50 so; 10 June l, 1886 SSl,47L
For year ending June 1T based upon earnings
already made and anticipated earnngs tor April and May 1t IS
tie Fix months ending May .t estimating the earnings Of the
present month BY the present business and the earnings Of
eIrnyasut to estimate earnings road for the 1884,
ending June st ct $4,000 ouI present. nni' MI nUs
below which will enable Ell stockholders 20 MAKE their
own estimates for future By the past and present
The Company 10 spending money for construction
any constructions necessary The road Is IN excellent coma
ton will compare fayoraby with any road in the country
Eas, or The equipments ample for present uses
and in ira, order The floating debt of the Company can
az discharged by sale of its present assets which are
more than sufficient for that object
or and Noury articles for Walreet market are always
well posted TO facts relating 10 Nee roads 20 say nothing
of disposition acquired there TO peye those already known
We find in the money article OF The " L. Herald OF the 81
the sales were sellers option This mues BE- attrb
uted suppose TO the prospect OF cash dividend some tim,
a. have before remarked will be made from the proceeds OF
stock recently sold at the Board TO the extent Of four thousand
shares will take that quantity Of stock to provide the
required say 10000 BY this operation 900 shares will
such Of stock must be- made 70 apply The proceeds
10 the payment Of portion of the floating debt which has for
time past been very unwedy and troublesome ana car
ned at cost and T. month Dividend. must how
BE- paid suppose sacrifice for as long they
sony say tytba the stockholders are degded into
befof The pretended merit of the securities they held
Here and above, We have two short paragraphs and nee
it, 1t i. positive fabrication that the c T Road is doing
business al lover rates than the Buffalo Erie.
I'd 1t positive fabrication that the C. T Road cost
Sd Il is gyo,, orc fnbyica,p that 1000 shares any
OF stock be issued or hss been issued by the
All 1t p.Te fabrication that the C. T Co pay.
Ing and three per cent month ayhiue ike IT, on the
jth The c 7 Road both lines is about 100 miles longer
than tie Buffalo Erie. To call the Road about the same
length il positive fabrication
We wish call Particular attention TO the third OF the
above fsbcatous Il is Of character and magnitude
gross than the We have taken special pains inquire
is be- issued to meet forthcoming dividend
The charge ac all its particulars OF the truth
this denial oil khoders satisfy themselves by
ming the book at the ComPsnys office IN this city, and al the
Office Of the Ohio Life and Trust Company In NewYork
stated above the earnings Of the Road for the six
months ending the st Of May We further state that the
Counsy has In its hands ample cash from
ing 10 paw the semaunua interest funded aud floating
bt and make dividend among the stockholders II the D
rectors ft 10 make II.
Hitherto the business Of the and Road has been produced
chiefly BY line OF Road the Lake Shore from the East
and the Michigan from the West in addition to that
received from IT, with the Cleveland and Pittsburgh
Road II the stockholders will look upon late railroad map Of
The Western States they will discover cheering signs for
the future the and Road Leading out from Cleveland
TO the by the Cleveland and MahOns the North
Western the P,nny vana Central they will line Of
making distance NewYork seventy miles shorter
than by any other Again from Toledo 70 the southwest
evay 425 miles direct line TO the Mississippi River These
lines yoads slightly dyergng from either end Of the
from the with this Road Toledo Of the De
to Toledo and the Dayton and Michigan Roads must be
brgh and the Baltimore and Ohio Roads By Welsyle aud
Wheeling be productive Of steady and increasing bust
We do not concur the opinion that the two lines Of the
Road hereafter affect uHayor4by the value OF the
stock The rapidly increasing business will very
reach the capacity single track and the increased local
OF the lines will than meet the difference OF
ex peuses over double-track single road.
Having said thus much, believe have given Eastern
stockholders the Of making their estimates regard
les Of the isre Of that class whose business
well PLEASURE phil down and destroy This is not the
first time have found necessary 70 defend the mana cement
OF railroads from the interested attacks OF "astreet
IL conclusion think dispsrascmen, the mana.
other roads when that IN our opinion no road
h III. country better honoraby managed than has
been The Cleveland Toledo fox the last twelve months
Carefully REPORTED FOR The TRIBUNE.
AsHEs-The market quiet for both kind. but very