New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-02-27
TL. Two Cent "A Vile uestrlctlen % tbe
Central HniiroRd.

non fars on the Ncw.Xork Central Halroad Is one pf
Interest 10 the people and from the tone Of the discus
sousof tho press it is eydent that 1T has excited no
little feeling and hes aroused preiuJces from which
subject purely poltioo-economca should be kept free
Tie only question properly 20 10 considered by the
Legislature this; Is the proposed release 81 the TO
sslicon just eSpedient This Is the only test tho
legislature should apply to tie question; and. when
any proposes any other, seeks to bias the mem
bcrs by appeals 10 passion or partisan prejudice he cfrs
greatly If he APPEALED to their ycnay by direct
or indirect process OF corruption. Owing 70 Che resort
by the Government 10 legal tender currency o, paper
and its depreciation to half the value Of COIN there has
hal TO be adjustment Of prices upon all commodities
and forms Of aad service. All that Il purchased by
the Road for its structure, repairs ard working ma
eral tie fuel II burns and the wages II pays arc thus
enhanced in price; and other causes Induced y
Government action, have added largely 10 thls cost
The greatly increased scae OF duties upon imported
non rails nails, and machinery. the prinei'
plc Of these The process of readusing prices 10 val
vps under Deprecated currency, has been slowly nut
gradually accomplished In almost every form OF
business The farmer gets lis full prices for his grain
butter cheese hay and orops; the grazier Tor his
stock tic mechanic for lis work. the manrleture? Tor
BIZ fabric. The traveller who starts for Buffalo by the
Central Road prov ides himself with bis SUIT oi clothes
NJ double rates; purchases at twOfod cost his vase
ravs double at the restaurant tie road for refresh.
inent schSrgcs duplicated board bii at tho h1tei
] a. a..
twice the Old price for ii 20 the uewsboy III ne smokes
ciear INDUCES IN liquor be pays four times the nc.
Sp'omed ehaiges But By eompu,son OF law ,ae
with whom il deals two three prices Is required 10
carry him az the old figures virtually at hall price
The Company having undertaken 10 carry passengers
ebeaper linn any road In the world and having done
ior twelve years, is now 70 ht eoinp.ieu 70 cly
them at half that rate and TIE 0is o, "a" =, a"u ops
operation Of pepper currency arc feieu upon ~ WIN
this inequality and injustice -.
What ore tie chnlgcs against The road by which this
monsirons violation of eqaiiy is defended -.
l. Tie Road is siis matised as moFsrous monopoly
i runs the whole length OF greet State. IL Iecessh
Tily requires large capitals bu the quaiiy OF capt."
involved 10 an enterprise does not constitute ~ mo-
uopoly IT, franchises are not exclusive. ABy com.
plny has the night line parallel with u. When
the consolidation took place. Two parallel hnes were
Organized against IL and one Is nov projected HTn.
Osvego TO Troy. and another from Rochester 20,
Schenectady; while the Schenectady end Athens road.
from SCHENECTADY TO Albany and Troy 30 ar from
giving exclusive privileges 70 the Central COMPANY INC
State has thrown open the whole business Of railroads
10 the widest competition and facilitated, IN every
way the creation Of rival assoc ai'ons.
H. 1t charged that "a, stock Of tss road th' been
'rasered" ~ that the moderate dividends Pad ~ nc
Compapv arr large II applied "a the original eoft 81 -,
road On the contIer! the road represents one O he
most consolidated aud concch,latrd pieces % yfop'lt
N the country To prlciito T." Ieel ,sia', tas rs'
If way the branches. yladlct elevator. depoi ana
other structures. he ronlBg-s.'rE. &C., would cps
now Instead Of 80 900 900 ore prcecnt rrrr-r"'- 81
Genital and deI.j nea, or SC0c0OD. l. s tsuc. mat
issue of bonds Necessary .0r the purpose OF &c con
ard adjustment But the stock IN these ROADS was
asove per their rate 81 iare Averaged four cents e
ard their pros poets o future proIt Jisuheu hghcr
rate Of prcmilm than was demanded IL ~ rare IN
deed that The consolidation OF such iumeh,e cnplai j.
attended with 10 little unfnruess; especially when ihe
consent Of al parties is requisite. and orc eIoTouae
rocusant The whole scheme by stndlng out IL
We excep, he case Of the Mohawk Valley and The syria
: cuse n tca Direct from this Judgment, must yci
concedc tat il tie misfortune 81 tie Company mat
they had to eesEne this burden; that wft the condi.
on upon which the requisite lesis.aion was grahtea
item, and that Is no reason WHY %" uockhoides OF
1865 Should be made 20 sufer Injustice that toe STOCK
holders OF l"j were conf 'he1 ~ the Legi'!atHe 10
bear this burden Even u The management oil the r'ad
was implicated IN the transacuons OF -, tue STOCK
holders Of to-day, oer men With other managers are
NOT 10 be punished therefor.
III "7he mater Of consolidation considered al he
TIM 9reG, fraud and graf public vrons" On The
| contrary. II Was one 81 TIE greatest boohs 10 INC
country. Tho privilege a association g'as nc
corded 20 all citizens aud ary number 81 them might
have combined. under the General Railroad Act TO
build parallel road the whole distance. II tie iigh
OF citation thus granted 10 all could IT be justly
denied 10 corporations already ia o1i.cucei The con
solrlation necessity - Central New.l Ork or The
continuous line II the Ey.e EsIoaa ard the eombined
Une in Pennsy.yania were rival rOu.es each under 4
single head with which nine roacs under conflicting
- .~e-n~n. "~"ld ""' '""''@tA hhs being nec,s
Sly, the company compelled TO accept such terms
the Lee la.ure chose to dictate ana ths twocet re-
erictiOA vas thus imposed upon them 1T was au I'M
Leard.of olaction for at that tine no road IN the
world carried passcn gers at 70 9v rate. 1he f.ri
mentaIy train, now esaoilslcd on ce.t IN AHs ih Ing
land, CHaTgCs Icblj mle tGt mo passengers hlS
luiG.ed into cars far than the worst emigran
in this country, and moved al tie lowest yates
Of speed, with little regard 10 tme or connection Bu
low fs the rate enforced In 80 H. the company Only
nst that il be maintained IN fact instead Of IN name
They protest against beng compelled TO Ike half the
money for a service costly than before The
price Of travel before 1883 was Jour cents miles II was
then made too cents me. II u now proposed 70 force
IL down permanently 10 cent Tc. Is this just
l. the jealousy Of hostility with which railroads
he Leg IL nor
dccnsibe By any view OF political or economical con
sdcTatons' The railroad increases he value Of real
estate facilitates all forms u business, opens
Lets 10 aImert binds States together in peace trans
pOrs armies IN war; saOrtens the TINE IN which eX
changes are made gnd gives iuocased actiiiy TO oil
other invested capitals Even when railroad has been
dead loss stockholders u has doubled the value II
twice It's amount Of capital IN DINER hands Yet Tie
LEGISLATURE persists In hampering aud restricting II
Il \ telegraph company declares 20 pei cent dividends
upon expended stock; steamboat Ines on lake and
river make pToAis largc express plnios reellc
rapid fortunes and farmers and merchants and Tor
wardes grow rcA nnd,r the quick movement 81 trade
The railroad which docs he work 81 oil these cisscs
is alone restricted. The EantnG an Insurance corr ora
ilOns the non lorgcs the cotton ms AID the various
Other manufactures, declare immense dividends and
remain unqucstioncd. is not tbs discrimination IN
Just.
" BIZ, he reed las been CONNECTED Nth couuptiee
hgiglaoa This il untrue. The road has never asked
special favor Of the Legislature Tic Tight Of the
separate roads TO consolidate favor because Tie
rght 10 combine for the same purpose Was already
granted every citizen and combination Of Cii2ns Ia
the state by general law Legislation WAS necessary III
this case, and b vas granted; bat coupled with cond
Tons 81 uhcnIa OF severity. Attempts 9AVc Dccu maze
IN The Legislature 10 levy canal tolls upon this IOadrD
eAacuOn IMPOSED upon ctLcr road III thc WOIlI-io
force pro chrrcG upOn freiCht3a requirement eK
tended 20 other road and 10 no Other DuslIets-to
impose extraordinary Hyes 10 which no other capital Is
subjected The Rad has defended sei against ihcte
attacks by is advocates before Committees, through IT'S
friends Upon tl5 flor Of TIE Legislature and through
q o. The