The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-07-29
The Central Railroad Managemcnt,
A.. Qnd.Io Itxs=aoa I..lu

from the bunAlo Express, July ~
Never were stockholders 30 wronged Of their rights
and jeopsrded in their interests those Of The
New York Central, BY the Encouragement and moan
policy OF Ersssus Corning Dean Richmond and their sAtel.
lies, the direction OF that important tborouShfsre.
The route important one, aud under wise aud just
rowing he money therefor bot Il, s.ocS would Command
par value In the market Now, neither OF these results
are realized by the stockholders Corning, Richmond,
and few others who In their con ddence,
stanty managing the Affairs OF the company connection
with their private interests, &C to wealth from
and only realize BY taking from one pocket and putting
the money into the other They hold to their stock,
which cost them hundred cents the dollar and up
that they may sacrifice Is, while in truth 1t Is
only held where Ia by largo pledges OF indemnity
less, Is they will Keep up 10 iG present ngurc Under
the present management OF tho Affairs OF the road,
II this ex'raneous support was Withdrawn, the stock
by the himbe rggrg OF the ruling spirits Of this road
that they satisfy the stockholders at ALL save
teemssves from oeing .nr9 :, ron lner pisces under
II the stockholders, who are rendered poor through
the management Of their interests by Corning Richmond
% desire 20 know Why their condition Is uniortu.
nsto while that y the President and Vice President 10 90
prosperous let them investigate, Gnd thoy will ai ouL
Ii viii no, take ons 70 TIE fact thai The rosi Ia
operated in pa 10 bench, Sornine's hardware trais and
Rohrouds gpeculsuons IN propoysrs the lakes. II
Coming ran get customer for his store by sending his
goods over mo CerTa road NJ moroly nomicsl prices,
mat - much gained b HIN, while the loG Is sustained
by the stoss hclders II Richmond can l1ai hs prugel
ers with troght 40 aad from the ro.d they must DO pti
for their service, u the road performs s part
loss. What maaer u 10 HIN, - long ~ the psvonger
money ges 70 pey for WORKING the road, aud any one
10 70 suffer = mnst be the kholders
To show how the road made suhsefveui n the pi-
vate interests Of the Prosidsni only Necessary say
that We informed and believe 10 bn true, tfs, ncr-
chants in this city, who have purchased goods OF
Corning o., have them transported the road 25
cents per loo pounds during the close o,csna navigation
and At canal prices while the canal is navgabe, while
other parties here, purchasing their goods else where
compelled 70 pay 81 cents por c~ the year round rheu
again, not pound OF nails nut screw or any other
Stand 70 be elsewhere FOR The use Of the Cen
trail Then sgsu Mr. Corning 60 10 cougress and be
President Of this great horoushfsre, thus totally negec,
ing iH important interests while heuring
state and controlling political appointments Washington.
And again. this road, from end 10 the other
died far possible for the bcnent Of the democrats
party ana Ia made great political machine by the mana
gers the expense Of the stockholders while dres-
tors really hold but small minority Of the stock.
b.. cr the mad policy Of the road ia rcdi'ins he rates
Of freight far below compromising price, On
push q "dsmssins competition" Against the canal,
INC Central road would pay large diyidcuds on
rates, though no, pound or freight, excop, IN ihs
hands OF The express oompsoies should pass H. would
pay The Investment well Tue money lost IL los, In the
heavy expense Of stocking the road for freight and ihe
and tear " track from running heavy laden trains
over Is and In absorption OF mpayng roads 70 afford the
officers chance al side specuatops II the1Uentral hs .
confined itself 10 the transportation Of mails passengers,
and goods In the hands Of the express viii me rolling
stock necessary for the prosecution Of that
duon TO-DAY would have been that Of high prosperity apd
the stockholders would have much money and Corn
ing and Richmond much less han now the stockholders
begin W look into and understand this condition thngs,
and when another eectop Of directors shall
ov will be on hand ~ look their nte-es and seet
q remedy IN change OF direction. rnis will he the ice
able couseqsencs Of the mslsdmoistrs,ion Of Corn,
election. They held 10 power BY tue akin OF their IN
Then, and unless greatly stake the character cue
who mold maturity o. the stock when anotneaec-
ton comes the plauk WI be ready and thew vii, in
vted 30 walk It. We shall see.