The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-11-21

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Whs shall CestrOl h e--rhe Railroad and the
Express Cesspaniss--L legislative Committee.
TROY Nov. ~, 1885,
The combinations incident 10 the forthcoming election
next month Of new President OF the New York Central
Railroad Company result in the development
OF certain existing nvaries between the railroad and
press companies thar win both and x the atien
ton OF the commercial world and possibly call for
imperative and stringent legislation not only In tins but
In other States The joining together OF two such Inn
mense monopolies hardly fail to Of grave
socitude all interested parties outside the great and
controlling corporations The stockholders OF the New
York Central corporation have already been warned Of
scheme alleged to be brewing the consummation Of
which promises that corporation vast ccl of future
anxiety. IL appears that tho object Of tho recent
union in tho late combinations between tho South
Shore or Far Western Railroad party, the ex-
press company ntcres. and Mr.. Erastus som.
ing OF which union Mr.. W. G. Fargo, Of
Buffalo, the candidate for the Presidency OF the ROAD
II he will accept, has been made for the only purpose
in addition to controlling tho Central OF agsnndizins
the interests OF the American Express Company TO the
exclusion Of those OF powerful rval-the Merchants
Union Express Company I, is asserted that The FIRST
result Of this alliance will be to drive the OF the
latter organization completely of the Central road thus
making clcur this line OF railway for the American Con-
pany For this purpose hear that agents OF the ApaT
can Express Company have OF late, previous 10 The
closing OF tho New York Central books bought largely
of the stock and that has been offered for
proxies favorable to the election of Mr.. Fargo.
II is seriously claimed II this arrangement Is perfected
that the old and od0us rapacty OF tho express
pancs will be greatly and most annoyngly enhRnced to
the scandaIous prejudce or the business interests Of the
" San c nas ssSs a" e sss
RED merchandise upon reduced rate Of taEn, varying
! from twenty 70 forty per cent less Than previous
charge, thus compelling the old established companies
materially reduce the gain Of the public
at lnrse
soutly invoke legislation, and that In such numb Is
that legislature ignore their claims, or do Other
1 than grant them speedy and lasting redress.
give all this part Of the prevailing gossip relative
to tho Affairs OF these gigantic corporations bearing
in their present aspect upon the approaching election
President tho 18th day OF December next Apropos
OF this important subject observe that committee Of
the Legislature OF Ohio Is investigating the relations Of
railroad aud express companies with avew OF ascertain
ing whether tho latter do not obtain much OF tho bust
that egmately belongs 70 tho former, TO the in
jury tho stockholders From glimpscs OF the tcsi
mcny have CAUGHT the opinions OF experts OF both
interests 10 diner very essentially president Of
railroad company testified unmistaLaby before TIL,
.that he considered despatch express
panes benefit 10 railroad companies. for the reason
that they relieved the latter Of the necessity OF employ
ing agents 10 recetv0 goods and men 20 handle them
which saypg.n He also bore witness that CHER
Is cnrrying 10 be donc IN consequence OF the
,ivy q tho despatch eompanss 70 getting iIesh' sns
road which he presided had been Increased
hundred and thrtvthres thousand dollars consequence
OF the large amount OF goods brought upon by tho do
| spatch or expross companies
Another Witness likewise the president Of railroad
company, held quite opposite opinions, and testihe,
directly At variance with his predecessor upon tho stand
He testncd that express companies 10 take small
cells and valuable goods that required and
tention In transportation beneficial alike 70 raroa,
companies and citizens bot express companies for tn
transmission Of ordinary freight entirely unnsccs
sary, they did nothing which the railroad copanie
could not do; they could not hasten forward mtrhan
disc. but dependent the railroad companies 10
their transportation for the extra mort they cain,
much suckiing babe upon It's mother Tor substsnc
and existence; express companies Parasites upo
railroad property; they deprived railroad sockhoder
OF their profits and increased the cost upon tho sbppc
| and consumer
This subjsct hes elected hitherto but little attention Il
this State bat combination and consolidation
the order Of the day, all these dscusgcus suggested b.
the nlpg Of the New York Central Railroad Prosidenc
and the appointment OF tbs Ohio Legislative COMMITTEES
| arc especially worthy Of note
| rr ALHASy Nov. 100 p. NJ
II Ia now known beyond doubt tina, tho South shor
Express Company Corning interes viii take control
the New York Central Railroad next month. The ne
President has not been determined upon as yet