New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-12-13
THE CENTRAL RAILROAD ELECTION.
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ALBANY Dec l2The long agony is over at last among
the Central Railroad people and predicted in ya'ter
days TRIBUNE the Richmond Csgger Corning Vanderbilt
Ring which has existed for tho last 20years this wealthy
and influential corporation 70 the disgust Of tho respect
able stockholders has 10 sudden grief by the unex
pected election Of Keep and Fargo President and Vice
President Of the read.
For many years this diseputabe Riag has controlled the
Central Road in the interest Of the Sayeholdng Democ
racy and consequently, on the eve Of election every
emDoy6 Of the road received secret notification of the
necessity Of his voting the machine ticket in order to pre-
bis situation During the life and official exist
enoe of Dean Richmond who had more yirility than
all the rest OF the Democratic party managers IN
the State this Central Railroad was an immense
party machine, as it controlled. directly and indirectly
1000 10 5000 votes. The minority Of the Re
publican stockholders entirely imPotent,
and only raised their 20 DO senced instantly By the
despouc and imPotent Dean. The rejection OF Lincoln
however given heart 20 the rapidly growing strength OF
tho Republicans and the result was the elimination jos
erday in the election of Henry Keep, man of the people
and Republican in national politics Corning candi-
date but who's the test came his Influences ound bes
mere cipher Foreign capital holds the leading influence In
the road and the whole of this was brought To Dear
in favor of Keep who had but just returned em EUROPE
with bis pockets full OF foreign proxies ready to demosh
the stately structure that Vanderbilt expected TO rear 10
the god monopoly by the union OF the three roads-Ce-
ra Hudson aud Harlom-Under corporation and one
mead namely Cornelius Vanderbilt. The Seward inter
est solid for Cornng and leader was
the United States Marshal Robert haray OF nov.
York City. The Vanderbilt people owned
about two millions aud half Of the stock
~ the road Col Buttorfeld Of the American Express
did the heaviest work against Vanderbilt, BY hls sklul
anipuations and hardly Of the stockholders but had
To Undergo method Of persuasion from this very
active old gentleman for the last '~1 days John II.
Acker veteran steamboat man, ws also on hand with
hs of special plonipOtentary from Daniel Drew
and the river interest to head OF Vanderbilt Samuel
Soaps friends we're also there to pay of old scores
Vandorhill n had noralafeutlY
Scan even to bis removal on personal hight from the
Presidency Of the Hudson River Railroad The Keep
and Fargo people had Room No. 81 of the Degvan House
engaged and r two days it's walls heard nothing but The
secret plongs OF the conspntOrs or the popping OF
champagne corks This afternoon after the plan OF cam
pagn bad been made perfect and tho lines were hm e.
tabshed an election had for President and Vice
President the Board OF Directors having been previously
elected The policy was formerly to keep The
Officers and stock in the hands OF those resident the
line Of the road but By the election Of Keep the power
has been thrown into the hands OF Wall-st and the
foreign capitalists who vote by proxy The Albany people
are dissatisfied think that all the patronage about 70
pass OF their hand6 into what they term lot OF wall
ST. schemen and sPecuators. The Board OF Directors
elected are as follows, 10 bold for one year;
Henry Keep o. New York Legrand lockwood OF New York
Azariah Roody OF New York. David Cmwtord. IT, OF New
New York Joshua Hanna OF New YORK Erasus Corning Of
Albany John uterhed Of Utica Edward Judso OF hyrn
cusc John H. Chedel Of Auburn Geo j. whitney OF E0ches
tor and wm. G. Fargo Of Buffalo.
For inspectors Of Next Eectioneorre Dexter OF Albany
Rufus Bearscc Of New ork end stephen roesck OF Al
bany 81, NJ,
At tho election held for President and ViccPesdent
between $4,000 900 aud tO 1000 600 Of the entire cAPa
of the road was represented either in the actual presence
of the stockholders By proxies lie Grand Lockwood,
the great banker Of your city voted oOOoDo aud Henry
Keep 500 600 Vanderbilt g. 500 600 and the American
Express influence perhaps 81 100000 with the residue dl
vided between Corning and Sloan. Keep aud Fargo re-
ceived an almost unanimous vote Keep 10 sei-mane
man, havng gone as poor boy into The
Cleveland aud Toledo and Michigan Southern
Railroad Companies al period when their stock was not
worth more than 10 cents on the dollar ana afte,r'
his business energy and persistence, made both roads
prosperous. William s. Fargo President OF the Amer
can Express COMPANY although this very important fact
was kept tho background during the election i"m the
unsophiscaed stockholders much possible. Fargo
Is about 50 years q age and began as poor boy.
having driven stage al time. He elected BY the
Democrats Mayor Of Buffalo years since but Is more
Of business than politician, a. his face and cnet
getc would Indicate Hs will practically be thn
working business man Of the new Board. IL ~ not
probable that any sudden changes will be mado among
the subordinate officers OF the Company ct present The
statistics OF the Company follows for the year end
ing Sept 30. 1896:
on ROAD AND YoUIFMEsT