Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1859-11-21

THE NEw YoRK CENrRAL "A correspondent
OF the Cincinnati Commercial having charged
Dean Richmond, Of the New York Central, With
extorticn in bis management OF the Buffalo and
Erie Road, 10 that be refused to carry freight over
the road at the scale OF prices agreed to at the
recent freight convention at Dayton, aud thereby
virtually prevented the Cleveland and
Erie Road from making contracts at those figures,
Mr.. B. f. Smith, Of the New York Central Road,
replies, in long letter TO the same paper, setting
forth tue causes that have heretofore required a
low rate, but now demanded a higher one Hav-
ing published She charges made, we quote from
Mr. Smiths letter the following paragraphs which
contain some information not heretofore known
or understood:
The rate affixed on -four per barrel, from Ceye
land to New York was seventy five cents by all
Tai, and on fourth class thirty five cents per hun
dred pounds-when at the same time the lake and
rail rates from the same point 10 New York on
-four Per barrel was eighty cents, and on fourth
class iorty cents This unnatural condition Of
thugs excited the attention Of the owners and
officers OF the Buffalo and Erie Railroad to invests
gate, and more fully understand, it possible, the
cause OF au a rail line not being able to compete
successfully with the lake and rail line at uniform
rates, especially with the high rate OF insurance in
rather than submit to their proportion OF the very
low rate being charged by all rail- they would
demand the light OF q voice 10 making such low
and unremuneratve rates.
The remark is often made by western agents,
why has the New York Central Railroad COMPANY
changed its policy 50 s9onl Last summer we
could not reduce rates low enough to satisfy them,
aud they were willing TO prorate on any rate made.
The reason Is simple last summer there was little
or nothing in the country foT the roads TO carry -
nwtW uV.Iu al. III
diton, and Offering to carry what little freight there
was at any price, which forced the New York
Central Railroad, with other rail lines TO work
for extremely low prices II is now near winter,
the rivers are low aud unable to carry the freight
the canals are taxed to their utmost capacity ut
better rates than those charged by the rail lines,
with the country filed with prodnce seeking a
market In the Atlantic cities, the banks limiting
their discounts TO thirty aud sixty days, which
causes must inevitably throw q large amount Of
business on the rail lines, and for which it is their
right, and they certainly have II IN their power TO
procure remuuerative rates ltsmply remains for
them 10 act in harmony, and charge fair rates of
which no shipper eau reasonably complain.
The AsHTABULA ACCOMMODATIONS This &C.
commodation train is doing good business be.
tween Cleveland and Ashtabula. The local traffic
fills one TO two cars daily land the people along the
line rejoice that they can again travel upon some
ether than a freight train. The new locomotive
"The Reindeer" does its work admirably and will
prove a valuable acquisition TO the rolling stock oi
the road. Some idea of the saving to be effected
10 using this rather than heavy first class loco
motive may be found in the fact that while they
would consume i've cords Of wo Tor the round
trip, the Reindeer quires but one, For speed it
snot behind any heavier ones, aud it is noticca.
BILE fact that its action is more even and smooth
than the larger machines. There is none Of that
unpleasant jolting aud humping when steam is
shut OF. or cou. sc Charlie Morehouse is as grea
fayorite as ever as Conductor.
THR SUNDURY AND ERIE.-A Philadelphia
writer, who evidently knows what he writes about
has written long article relative to the prospects
Of the Sunbury aud Erie Road. From that il
seems that VIM. G. Moreheal President, and
Charles Gibben, Solicitor Of the Road, went out
in the Persia 10 negotiate three and half milliona
of five per cent. bonds, being One-half of mort
gage of seven millions of dollars upon the Sup
bury and Erie road, the other half of the bond
received by the mortgage, being in the possessier
OF the State of Pennsylvania as consideration TO
344 miles OF canals sold TO the Railway COMPANY
The length of the road will be go miles, of which
40 miles were in operation when the compan,
came into the possession of the canals. To carry
forward the work upon the remaining 23O miles
the company have the proceeds ofthe reso d canal
and tho above 50 500, 600 of bonds. As the canAl
were sold, not for cash, but principally for bonds
it is evident that but little cash has been forhoom
ing. 10 meet the demand Of contractors the cana
bonds have been sold at sixty and seventy DO
cent, which has necessarily rapidly diminisf a
their available amount. Hence, the abov of
icers oftho road have gone abroad to rails. mona
from English capitalists with which. to ani,b tb
road.
The Sunbnry 4 Erie road is nearlv parallel I
the New York Eric, and like that road. passe
through tract.nOt yet settled ur improved. Con
aequently, although the road, if built, will undoub
edly at some future time be very reliable nm
important one, yet it mat work at disadyantap
Tor term Of years. Tho Erie canal prepated III
way for the New York Central road, and tho lin
OF public Wor6s in PeDnsylvania did the same f,
the PennsY Central, but the New York
Erie had to build up its own business through
new Country, and so will tho sunbury 4 Erie iror
sGnbury at the forks of tbo susquohanna to Fri
City.
l1lelNalI E5lIUlaIw