New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-05-09
:. .rch rate as that from stock or DEBT co' 900 o.
sa. SUI he received an additional --....'

onah a
''i'''''' $4,000 90 i
Accounting in MI 70 the sum of ,ii. IN add
-. INNS me ar,ginai isrcstmf1' Anu n'can time
~ ~ sW DIVIDENDS made in cash In Tue Nm" tnnd
IA in 81 al IN 10 a this. there Il vs. Of dol
now amos.ung 10 many hunoi. ,se property Of the
n,d And granting # We must OF s.v 49, ,ybv tba
: not entire accuracy OAopgh 90 nov IL il evident
l',f me- cr,utpD m ms statement !et ~ I'D on
Shouu ~ - r,rous profit from the use ana en-
o,meut of franchises rlnied ~ 80, ! The fact bui
a.t bee in~e 10 is 'cWor no comnany can NJ
merely because 1t "a asserted ~ u VI. 80 for
n'cicl -, m IL. s,eraee dividend 10 81 per cent ,vl
Ina coming wear, this IeiifG sl"V1" - 40 ,oigL
nV L. tile favor ~ TAXING MS Hcls
bnrs ore.half c.it more ea' 20 '"' o'ol! " WY "
ov lila road on ti'ir vulols pl funds Of
Lr ,i,n raj, - 10 tie large reserved iuhus VI
4 49,. c.,ot IN tie feet that q new company has peeh
sized 10 con,t, act road from Syracuse 10 A'heh',
4 = ,,o : ma re..rictiDn of two cents mue anu
nth the fullest belief n viii be profitable ho'"i'"
.t.rd,n,. He shows thlt the Hudson River ana The
sCent,a the two roads upon which here Is Limitation"
Rosf,,e. nav the best divoedS in the state Inc Zen
divided ne, cent IN lsGi aud earned mnch more
The Tndon River divided per cent ana issued Soi'P
"a .hc amount of 81 $40 oyc 7Per cent aore bearing
nor con, ptele.t. Yet the Ceatral comes up 10 Pe'i
tiop for rcei, and is thus depieieai
THE CENTRAL AS PETITIONER FOR RELIEF
think il would be consistent scene indeed, 10 %
{enacted here in this Senate chamber me ScGeant-at
arms announces poor petitioner desrous OF present
inc Ills retiton in person this august yet clement
Ehodv aud leaking m we perceive before Us snght
viry. nervous gentleman from Wal,-st, wen dressed
Evith golden chain his breast WIN sea- IL s %
good PROPORTIONS upon his niger, "lth ulAAuhu Pltt
copfuinr the reh folds of brilliant neck tie, WIZ
rloyed lot hand holding tendoar hat whie WIN ms
Iungl0ved right he presents peu'ioh nh SUM-, VI
sed unou extra legal cap setting forth that nero
ne on the 10Th day of April 1865 having ne earning
* +he dav before made IN successful stock operation
tunirvested he bad In the best exercise OF bls lei
Hand business skill and Judgment prrchasea a te 80,
Fchanre 300 shares New York Central Railroad soeA
AT s02 for each share Of Soo and 1900 shares Of iud
son River Railroad stock az Slob ul each shtie" i
d NOW understanding that the said railroad STOCK dc
no, nav m he last dividend day hut nine per cent au
eight Der cent respectively and that the cause Herep
is ON iiladivsed and nudiclous restriction upon way
tr,-c m ~sqsoa Of which restriction has since tho pur
kchase 20 made yOnr pei'ioner j. lHioiltu' t'"
ceqsed ana yorr petitioner being Informed that g Is
kpra maxim that when The reason Of Ia" ceases TIC
sav- itself shorld cease doth therefore humby pray
t&o How long, Air Chairman, shall We Gebaie
! whether 10 comply with reject such petloner ac
ssuch ueitionf And yet such is the position o! tbs
cor,rany before US Rich and powerful, great srd *
blended hut disguised in beggars gabardine 1t holds
batteled hat D. the sovereign for an o0ols. Let
tackev stripping OF its disguise reveal us gorgeous
tbobirnpns of purple and fine linen, and DIVE il nom
the Capitol
The Argument FOR relief on the ground Of depgtclaed
jcurrency is thus disposed Of:
ErFECT or TIE WAR.
It has been said that the vor is upon rs, ana ,nI IL
has disturbed business In al i's reiaOns that IL w.
Increased the price Of every material which fces mo
the consumption Of these corporations ana ~ tles
Eclasses; that labor IS higher that fuel Is nlEeI :
oi and waste are higher that pants nIe Isaes el
weeks prices have increased and constantly hcoi u
in an a. rmir RATIO Are there any interests ~ lNs
sbroad State that have not fct M lnereae, - 200,
seyery man woman and child subject ~ 1T IL u,
tevery branch of business every employ mont sai
sject to tf The difficulty, the pressure Is unyeis'
b. il not Tie pressure is UPON rs a-uen every one
sake Bot tel whore you ore 10 ma Tue geNs'"s
lfqiiati0n which shall relieve this Pf1GGt PfSssgf
ITell where you arc to find the Legislator NnSa
ssha he unversIlf You ask for Law 70 relcNe ne
Il New York Central Railroad Company from the rosfic
lion upon its way fare because in the change Of aia
sbInught abopt BY the war they are subject 70 the de-
fpIcciaton of the currency, TO inoonleA.ehces Whe1
they only alleviate BY an increased rate OF ARE.
ask you TO show where and how you can make tii
general aud apply 1T 10 the whole people oil Ae state IN
S theT diversified callings and interests You cannot
Edo n You do not propose even to increase the tolls
apou your canals They still received at the old
rates, in what you are pleased TO can dcFieoa cur
sfrency while the State in al the repairs IL MAKES ia al
the contracts II enters into, IS Just much eheoel ~
pprivae individuals or corporate bodies ILtIe ~ no
'kpropositiOn Of legislation made or thought o. Whch
can be carried through all the avenues Of business
which w \ afford the relief % al, which You oak for
tins sins e corporation. But granting ttat THIS Hfgu
men Is true and that the changed condition 81 aairs
Ecausing increased expenses has pressed upon tbs
Ecorporaiion. Docs not II make It's divdenda y
sIt is little singular TINT TIE very largest diyi
dend that TINS COinpan! ever Hhue WIZ AZ W. N'"I i
That dividend was one Of nine per cent. IL was made
in SCI long this side Of the line drawn by The Senator
from The XXYIIIh (Mr. Munger), which NasI
10 distinguish between the time Of before Lc war, and
after the war and the time before winch qud afterl
(which the necessity for this relief began 20 De fclt
And In this year Of S5 another fyeary dividend ~
three per csnequ1 10 six per cent per yearhns been
made And bear in mind that tAia IL Tree nom al TIE,
taxes which other business men and other property
pays save the income.tax 4 the Juted States Govern
meut And then the Company made profits ia nd.
tha Htyfd xpb divided
''eI 800. a. ,s -, en,SeJ deb,... s1a 96 y
Pad to sinking ipnt ....'.''.'''''''.' n,'ist
Increase % cash balance. t3uF 80
1 Valne Oft~O locomotives. 3lVg 20
Vaue Of col cars, at 81, jOO........... el,@o 20
Total......................... 81 ,7zoGl3 50
From which deduc, decreased value Of
supplies on baud ....,'........''.'.'.' biV'S 70
Leaving net profit of.............S 90, $40 "a
lover and above profit vi niHe per cent WHICH "As pa
10 stockholders as dirtdeud $3.50
This is almost 10 per cent earned and laid away or
paid 20 stockholders IN that cressre year amer Tie
war" ending September 80 1894 long this side the line
OF denarcation OF the honorable senator. whn thal
be sad of ihiss IT, they would have us believe, the
Ewar has operated disastrOusy upon TINS company
that IL cannot be able To make dividend In 1900 when
the war IL almost nj end. how comes u that they
when the war had been going with increasing mag
ntude and yigOr for almost three yeaIsf Ana their
dividends since the War have been OF seven per
cent or Oger; full much te mortgage holder gets
from his mortgage They have 10 night 70 ind fault
with that and 10 ask relief Now look az this. Tteir
l0tres dirdspds In 1850 1861 aud lrt2 Just bg0t
me pdy according the division Of time made BY the
Senator from tie XXyIIIth Or. Munger.
Here is the table Of dividends. as taken from the
speech Of that Senator:
1854 two dividends Of per cen. each ......... q
1888 two dividend. Of : per cent each ''.''''"
two fx oeudp oil