New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-12-13

c-,nfnatfs against our own State and is citizens
can be prudentiy maintained.
". The people Of our State, ia constructing, at
their own risk and cost, the Ere Canal al perlod
when that was more formidable enterprise tnaa
the Pacific Railroad would now be, called into e1-
itenco lue Of cities aud villages through the near
of their State, centered the travel OF she Hes'
thereon, and erected the beet route for Railroad
Of considerable length in America. If nos IN the
world. They permitted the construction OF the
several roads now consolidated into the Central on
the express condition either that they should oarry
no freight or that they should pay Canal Tolls on
such freight as they did carry. This condition was
most mistakenly waived, some years since, under
an impression tha. the Enlarged Canal could faiiy
hold It's OWL against direct Railroad competition.
This expectation Is now dissipated. The Railroad
has stripped the Canal of more than hsf its former
business. while the capacity of the Canal 10 csrry
cheaply has been greatly improved. The Canal
is not now paying three per cent. on It's 00HS
EGs cost whle the Railroad is paying az
less, ten per cent on is cOst-tha. Is, the
amount of money actually expended in building IL;
(for we DO cot take into account what the stock
holders of the several Companies voted each other
in tie shape of bonuses and bonds at the time oil the
eonsolidation.) Our People are subjected to heavy
taxation BY reason of this abstraction OF reghsom
their Canal BY the Central Railroad. 1t seems to
us but simple justice that the Railroad in view OF
these facts, should bear a moderate share OF this
burden-tLat il, should pay over to tho State either
a light toll on freight, percentage on It's rcceipIs
from freight, or gross sum annually in lieu thereof,
equal. we viii say, te the amount actually received
by the State for Tolls on Railroad Freight during
the last year in which those Tolls were collected
I'VE do not remember how much this was, and do
not decide that it is sufficient inadequate or exor-
bitant. but simply indicate it ss afording an ap-
proximate basis Tor the adjustment required)
Let none believe that we sre ImpeIed by ll-wil
toward the Road or desire that it should DO In
any manner crippled or impoverished. Enormous
NJ were the loads of dead horse, prd upon ii at
the time of the consolidation, We believe II may
ray the State moderate contribution aforesaid,
deal Justly with its customers and creditors aad
vet pay the stockholders eight per cent annually
eyermore. Its business and revenues are steadily
inc1,nsing every new stretch of Railroad over the
uraires of the West increases It'd income; the Pa
cifc Railroad, even though it Here at first con-
structed only to "Pike's Peak" would swell them
directly and sensby. Let the Ceutra be ably prov
identity, economically managed, with DO machines
to run but its own, and IT may be Just to the State
~ well as to It's creditors without ceasing to be
mine OF wealth to its stockholders We do not as
sumo To Judge that it has been worse managed than
other Roads. but we insist that great economics in
its conduct are perfectly practicable. In support
OF this position, we cite II another place Re
port made some time since to the Acting President
by an agent dispatched by him to the Central Divs-
ion TO investigate the Wood Purchases thereon-a
Report which has not hitherto been commended, as
we now earnestly commend it; to tho careful
study Of the stockholders.