New-York daily tribune., 1863-11-23
TME CENTRAL.
ally.

TmE CENTRAL.
The Directors of the Central Railroad have had
a meeting, and announced that their next semi
annual dividend (on the LIST of February next
shall be fire per cent. instead of three and hall.
And they give hope that the improved rate shall
be maintained. That it can be, we have no
doubt.
But TO this end thero must be reform in the
management. The President must either work
for nothing or be paid stated salary. Paying
him by allowing him to furnish tho road with
every spike, chair, bolt, nut, screw, &C., &c.
it may need out Of his own store at his own
price, will never do. Ten per cent. per annum
is not earned in that way.
We showed, some time since, that tho ex'
pshaiture for fuel on the less thAn one-Sixth OF
this Road that lies between Utica and Syracuse
cost most more than one.hird Of the entire cost
Of fuel for the entire Road. Yet on that section
fuel is decidedly cheaper than elsewhere along
the road
So we showed long since, that, whereas the
Central owned a large amount Of stock in the
Lake Shore Road, which paid not less than ten
per cent. dividends per annum, yet the accounts
of the Central, as made ont and published,
showed no penny Of receipts from that service
There was 10 explanation Of this: perhaps there
may be under the next Board Of Directors.
The present Board clearly admit that the
management Of such great business corpora
ton ougkt 10 be free from political bias That
is Just why there should be other Directors
chosen Of the approaching election. Just look
at the list Of principal officers of tho Central;
Enasrus CoESrSo Pr,'!d'aii Democratic candidate
for Congress In tie Albany District in 1876. - 90
ard a.
DIAN Ircuxovp. rfo, r,,siSsz; Chairman Of the
Democratic S.otc Committee
Jous Y. /. PguYy. 7r,a,rr,-, Democratic candidate
ios Senate In 1851 nnd ior Congress In ls6o.
Cnlrscrr vmnaRn. Geaoa! srpristadenii Demo
cra,.o candidate ;or Congress IN iso0.
We will not descend TO Attorneys, who are
always running for Congress, Legislature, &c.
but we appeal TO business men 70 ssy whether a
great corporation can safely. adysntagcously be
managed By men 30 deeply immersed in politics
a. Mcssrs Corning, Richmond, Pruyn, Nibbard,
&c. are shown 10 be. Wolld sny other great
corporation consent that is leading managers
should be always running their respective par
tee and running fo- Office ihemselycsl
That ;Lo pa eu, managers OF The Central de-
fa,cd Roscoe ConAling last year and elected
their Coppcfhcad attorney at Utica to represent
Ito strongly anu-CoppcThead county OF Oneida
u moAt true. IL Is also true that the managers
Il the Central Transformed Mr. Cutler, ono OF
their Albagy ompioyt', into Coppcrhead, when
hc bad always before been Republican, and,
through him. kcp, the lat Assembly disorgan-
Icd for weeks. II Mr.. Cutler had chosen 70 %
over 10 The adversary fairly and openly. itwould
have been different case; but. after being
nominated and voted FOR by the Republicans Of
lis District, he turned against them m the
House, and h!s vote kept the House tied for
wc,ls. lie 50 acted under the immediate per-
oral supervision Of the Cornings-as We believe
he would not have done had they kept their
land, OF.
Tho manngeri py that they have not run
trains free Of charge fox any party. That they
did 20 run them for The Scymouritcs last ycar,
wc DO know; that Is TO say, all who chose rode
10 them without paying a cent. Now, then, il
tie managers received pay for running those
trains by tho Democratic leaders nhy don't
h.y publish n, sums 50 paidand reoeiredP That
is a very simple way Of clearing mp the matter.
However the present contest may result, we
feel sure that reform in the management of
The Central must follow. The present regime
cannot be persisted in, aud will not be tamely
nnlnrDd