New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-12-31
CENTRAL RAILROAD MANAGEMENT.

To tAdEdRo, Of The MY T'ieasc
Sir: | notice that the writer Of your money articles
has doubts whether Mr.. Corning had good reasons 'r
excluding Mr. Sege from the direction Of the Central
Railroad Company. The NewYork meeting Of tosk-
holders did not dare to take the only manly and bold
course Of making up ticket leaving o6 Mr.. e., but
placed upon their ticket his name, and majority Oh
his friends. Everybody knows that il there 10
ANYTHING wrong in the management OF TING Io*a M.
Ccrninr ia responsible fo- r. tie is understood to De
sr largest customer of the road; he supplies ~ with
every article of iron hardware which p ussd. His
relatives personal friends oil all the lucrative OF
fees; he controls the management. Any agent not
subservient to him is discharged. II any emplnyee
implicated IN defrauding the company, IN Wood Gun.
tracts or otherwise, is still retained Mr.. Corning 10
the man IN blame. a.,
changed in any particular, Mr. Corning the obstacle
10 be removed before such change can be erected;
II does not by any means follow that because M.
Corning uses his influence and his position for his own
pecuniary benefit and the advantage Of his restiyes
and friends, the interests of the stockholders suner
Would the road be more unseltshy and econotnsceu5
managed by any other man go :.
If Mr. Sage has set himself in opposition 10 Nj.
Corning il is but natural for the latter 10 wish Tor
some other and friendly asaocate than Mr. sage,
II the New-lork stockholders and the New York
meeting supposed that Mr. Sage the choice Of The
Troy interest in the Road, they may have been wise
in their desire 10 continue him IN the directnn bu,
ii Mr. Corning who has never been accused OF syn
pathy with Trojan interests never does anything more
calculated 10 offend the citizens Of Troy, he willnot
se any of the respect in which he has been hitherto
held. ~ ,L,Ar 81
would advise the New-York meeting, before e1-
pending any further sympathy and tears over M.
Sage to institute inquiry into the manner N whcn
he became possessed of his stock in the Company snd
earned his first election Director Perhaps troy
NAV ascertain facts that will still further commend
him 10 their regard lie waa President Of the Troy
and schenectady Railroad and sold II 10 the Pfesi-
dent Of the Hudson River Railroad the good people Of
Troy very nnocenty believing and being led ny Ar.
Sage TO believe that the sale was In fact 10 lie latter
No sooner was the sale completed than the par-
chaser entered into negotiations TO bring into tho
consolidation scheme. How the negotiation was
opeped on what terms il completed, and who HI
yided the profits il would be useful snG ente raining
10 the public 10 learn. If the NewYork meeting wil
cause some inquiry into this matter they will do
public service They will probably Ascertain that
neither the City Of Troy the stockholders Of the
Central Railroad made any money by the transaction.
Somebody did make money, and II woul'' unssI
many blind eyes If the respective recipients Of the
spos could be- exposed
The gentleman who acted a. trustee tor Troy IN the
sale of the road exchanged hs trusteeshp for dHec-
torsbip in the consolidation. The unselhsh and dsin.
terested part he acted in the whole Transaction wen
understood here The New York meeting ought N De
enlightened on this point. IL would rave them rom
any further waste Of their sensibiIities. rpo,.u
Troy, Dee % 1857