The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-08-01
TribuIaeions or the New York Railroad Conn


From the Rochester Union, July AL
The present "crisis In railroad Affairs, aud their int
mate connection with all the business and social aterests
OF The country, invest railroad intelligence with much
puSns Importance the "csss . through ra,'a zoe
changes Of ownorshp connection and organization, whca
viii be permanent. Stock interests 10 various quarters
are disappearing, and the bondhoders are foreclosng
upon the deaung roads and taking possession thereof
And nowhere are these proceedings efe ting more i'm
Poraat casnges In existing arrangements than IN Western
SALE or THE cAsASDA,GuA AND JEFFERSON RAILROAD.
This road was sold ~ auction o. CAnandagus yesterday,
~ N. u Cheaepro, IN behalf Of the holders OF the
first mortgage. This is q broad gauge road and is
about forty seven miles In length There due the
rst moIssge Of principal and interest, soms ss45 $780,
what amounts We are not advised The lryt mortgage
bondholders held . meeting and authorized c. N.
mon benefit The sale took place yester iay, a
already stated, In the presence of = large nun.
Der Of gentlemen, representing the stock ADD toe
several MORTGAGE inseress Mr. Potter bid 5000 COO and
nobody bidding more, Mr.. Cheseoro, after waiting the
better part Of hour, struck II OIL at that The
other parties stood BY wearing locg faces but unable 70
prevent the sacrifice Of their property There
Of Arrangement between sne purchasing party the
foundations Tho road considered worth the rsl
Tho purchaser Of this road is the same gentle nan who
recently bid of the Csnandsgns and Niagara Falls Rail-
road and he represents substantially the parties
he old then. rhst road has passed into hands
Of the New York Central and quite PROBABLE the
CApandaigus and Jee rson will take the direcon
The road from Jefferson 10 Eimrs, twenty two miles
long, which has always been run a. part Of road
interest. That will 10 the end have to succumb to the
Central influence" In the Central gets the Canaan
daisua and Jefferson section.
CANANDAIGUA AND NIAGARA
This road Is temporarily run by W. G. Lapham,
Esq., on his own account he has had 20 much
trouble ana tribuiA.ion as the superintendent Of
those broad gauge branches, that everybody
would be glad to nave him make the snug itte OF
two hundred dollars day for q brief period But
he 0u1 M Tn tar wbnfi
The Central direction have already made arrange
mens to put in state or good repair will soon De
are pleased 70 hear that tue Central will probably retain
Mr.. IAphsm as superintendent.
THE BUFFALO, NEW YORK AND ERIE RAILBOAD.
This Is "Bunalo Institution" and It is every hke
Buffalo iself rhe manager is q Bunaonsn aud no
speaks the Buffalo disect we'll Tho Csutra havisg
picked up the broad gauge roat the Fal just they
about 10 picx up the Valley Road the Buffalo
ger Of that Buffalo institution talks Of building broad
gauge oppoeNon road TO the Falls and anone- ~ Riches
ter
rhe expense would be only two three Millions which
s regarce ed as n small sum on. 81 Buffalo This nev
broad gauge road (wnen hnshed IL to connect a, the
Falls with new broad gauge road TO lne moon Both
Tn be but with Buffalo capital aud TO be managed by
the Buhaioes exclusively; no outside aud especially
"C<ntrS infuence" Is TO pc tolerated.
BUFFALO, NEW YORK AND ERIE CABS sRIzED FOR
TAxys.
While at Batavia yesterday noticed train OF freight
cars, including one car loa1 OF lumber, whish wero
informed had been levied by the authorities OF that
village secure due from this Buffalo
NE hubob Ina cHcumhaece ~easB DAD aspect a. nest
Glance. But then should not be forgotten pay
ing Of email debts 10 not Buffalo custom 10 he~e they
absorbed In the conten platon OF Millions and
should sutpect that this small matter bal been overlook
ed by tee distinguished BuAlonau but for the fact tbs
the Buffalo custom extends to large sums as we'll
We regretted that We had Already purchassd tho noer
necessary 70 enlarge the Daily Union buildings other
wise should attend the suctop sale OF this so lucn-
her. expecting 70 get very low for cash Blu. this
Buffalo institution itself 10 be sold under the ham.
mer, We propose TO Do on hand
THE ROCHESTER, AND GssssEK VALLEY ROAD.
Nothing definite yet concluded TO the fate OF this
road There Ia, however, very lils doubt that the Cen
UsI will gett. bid from the Buffalo ROAD whose pro
perty s seized for village taxes would not DO seriously
entertained by ssgacious buslnew men, and that Is the
kind Of men with whom they have 10 do Another week
will probably settle this long peni ling question.