New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-12-13
Tgc NEy. YORK CENTRAL.

The report of the New York Central Railroad Com
pany. made pursuant TO laws OF the State, shows
that tho cost Of the road and its equipment amount TO
over S2i 900 0O0 and that the aggregate total length
of equivalent single track OIL lines owned and leased
by the Company is ovor / 1873 miles. II employs 276
locomotive engines and about 5000 OF ono kind
or another During the past year it earned than
$I4, 900 OO0 and has paid more than 81 500, 900 in
dividends out Of net earnings Of 50 900 OOO lnj
years its earnings by passengers freight and from other
sources are stated at $l7, 0O0 900, the column OF
yearly increase footing up over s9,OOOOOO against
a slight decrease Of little more than 81 ,5OO,OOO.
The capital stock Of the company is S24, SOl 600
These figures will suffice TO indicate the vast wealth
and control of railroad monopoly which, by bands
OF iron, holds good part of the State OF New.YOrk
in its grasp and to some extent rules the whole.
The yearly meeting Of the stockholders Of this great
road has an interest in respects little inferior TO
the assembling of Legislature The election OF q
President Of the road requires much cauousng as
that of United States Senator or nomination in
State Convention. Few Legislatures that assemble
have so much power Of a certain kind as this great
dumb working monopoly. The late contest among
the embattled stockholders for President of the
ROAD, vice Dean hlCuuluuui ucCohScut uaS OVOh
as exciting in any former years The death OF that
able, shrewd and INSCRIPTIONS railroad politician
opened debate for the succession, in which colossal
sums Of money, representing the largest stockhodng
wealth Of the State appear 10 have taken the place oil
all other arguments As will be seen severahmportsnt
changes have been made in the government OF the
road which has passed out of the hands Of its old and
not too honest dynasty. Yesterday in large meeting
of the stockholders and after full caucusing on both
aides of the question Henry Keep of this city was cho
cen President, and William G. Fargo of Buffalo, Vice
President Mr. Keep was the candidate ofthe city and
foreign stockholders and, understand, is Repub
lican Mr. Fargo is veteran Democrat, and the head
of the American Express. These two gentlemen were
elected by vote representing nineteen millions oil
capital three.fourths Of which was pledged
to them, the rest voting for Mr.. Samuel
Sloan or Ersstus Coming. All parties seemed to
have made up their minds early that Commodore
Vanderbilt and bis reported scheme to sell the
Hudson River and Harlem Roads to the Central, thus
making monster monopoly for some king OF monopo.
lists to ride, should be defeated. The election Oh
Messrs Keep and Fargo overwhelming and the
political sscendsncy in the affairs Of the road
definitely decided by showing OF capital
We hear it reported that 90 per cent oil
the stock is now in the hands Of Republicans
1t would be a criminal negligence that could permit
road thus owned to be engineered any longer in the
interests Of the Democracy. We hope tho Gay Of
corrupt control over It's finances and Of mischieyous
political Encouragement may be near its end we
no more want the Central Republican than Demo
cratic. We want il run without any politics, TOR the
benefit Of the public and to the honest profit oil It's
stockholders.