The New York herald., 1863-12-10


and labor renders corresponding increase Of estimates
necessary. On the assumption that the viii
70 be made 70 FORCE and the hard service 70
which aour squadrons are subjected makes the repair
A considerable portion OF this expenditure viii be an
Investment for value received, and the vessels
the rsSe~ ses be rSs .aseai
naval vessels will continue TO constitute the
armed naval power that will be used I, vndicate and
defend our national rights may be considered
miral Investment 70 insure peace Such vessels may
not be adapted naval service can be sold 10 The
cured Whatever sums may be expended for docks,
yards, bsdiugs machinery, &c. will be permanent ia
vestments for the country
IncoDciudng this report II s with sincere eradication
received in the performance Of my Official duties from
the gentlemen whoin their several grades have boon
exntessed NV nigh sou OF the service,
the Assistant Secretary and OF the several chiefs OF bu
reaas whse Interesting papers are appended Additional
experleooe only confirms this favorable opinion CON-
mend also the fathfuf and satsetory in which
the largely augmented clerical abors OF tbs department
have been performed. II bas allep tome TO conduct the
Affairs Of this dcpartnsnt during period trial aud
sacrifice, ~ the course OF which country, by
has not only created naval power, but has
cs.sfply applied sna power IN the mos. :rdaoSs .,.
ali my the duties q
my esS" 90 ~ and INJECTING s rs sssv' 10
and susned by the assured that the of
The Unci States has achieved great and new historical
resown; that II has expanded and Ia expanding IN
measure commensurate with the exsencies Of the coun
try and OF the that has done and doing heroic
service In great aud sacred and thai It's force
welded W body Of officers and men who have esab-
ished the highest claim the gratitude Of their country
GIDEON wEI.Es, Secretary 81 the Navy.
To PRESIDENT.
The New York Central Railroad Com
ELECTION FoR DIRECTORS TREMENDOUS ncirE-
MEST-THE CANDIpAr, Es ErC.
ALBANY, Dec o, 1863
Railroad commenced eleven O'Clock and s progressing
slowly; there no probability that 1t will be 20, ougn
with tn day. Lawyers engaged both sidce-or
the inspectors Parker and Beach for the
regular ticket and Porter and johnson for the oprosn
Tue attendance of stockholders unusually large.
They discussing tho Ffih avenue reso
iut ion.
The following the tickets
Reguiar-Erastus Corning, Dean Richmond, John X
Chedell, Alooso c. Page, John " L. Pruyn, NNthsnis
1haycr, Livingston sprsker, Jacob Gould c J. Tracy
Chas H. Rursei, r. NJ Blaichford, Hamilton White H. H.
Martin. Insreetors-George Dexter, Rnfus g Beardslee
stephen Groesbcok
Oppo,i,ion-- pean Richmond, Hiram sibloy, John X
Chedel, II. Waite, X Sage, J. ". Osvst, n. ~ King
Edward Learned, G. w. Chapin, p. Moore, NJ Delano
@. raiie. VIM r. Weld. Inspectors-R. C. Besrdsise,
George Dexter ana Stephen Groesbeck.
ALBANY Dec e--PM
A. meeting Of the stockholders Of the Central Rail
road this afternoon Jsdge McConihe. Of Troy, PRESIDED
snd Henry Roseboom. Of ouego, acted as secretary.
The annual report referred TO Messrs. Hiram sb.
loy Charles stebbngs, John Rnower, Vim Kelly and D.
n Fearing, who requested TO examine the and
report theroDo 10 the stockholders within sixty days.
RESOLUTIONS Adopted. hrst, that the stockholders
should be furnished, at least thirty days prior
annual election of dreoors with approximate state
ment Of the mportsoa transactions Of the company
for the Tear next preceding the Both Of August sep
tember. second Affirming that az general prime ple
railroad sappes shoad b. advertised aud purchased
from ,boes Offering 10 furcfh them the uost
reasonable terms thrd expressing fan confidence
10 the ability and integrity with which Frastue
Corning bae performed the duties ~ President
am Atirbutirg much Of the Of the company 10
his attention ald devotion
A. seven r. n. the eocton adjourned unln ten
A. " tomorrow. Thus far bstwesn four and Eve mil.
lions been voted, about four.aiths Of which have
becn cast by Mr. oico,, for the opposition ticket, Tho
o.ber eide have no, yet voted any prorbes