The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-11-12
NEW YORK CENTRAL RAILROAD.


Meeting OF the Directors of the Central Rail-
road ut AIbany-The New Go "a bina ons-Tae
Question of the Presidency, Sc.
DELEvAS HousE. ALBANY, Nov. 8, 1866
The directors OF the New York Central Railroad Com.
pany held another meeting here to-day, there being q
full and thoroughly representative attendance. Aeon
siderable amount Of routine business was transacted
usual but the chief subject Of consultation the
bnaons bearing upon the approaching election Of pres
dent December Mr. Vice President r. N. Biatchford
of New York, presided and It is said ruled Of the
laughter elements or the board with an unsparing
hand, and decidedly in the interest OF hts own
ambition to succeed Dean Richmond. Il is now
known that the coming controlling combina
tons will. beyond pcradventure, induce several
marked changes in the board, to which 1 will
hereinafter aude. I do not think tho rumor ON tho
street this ing that Mr. Erasus Corning has boon
fixed upon the candidate OF the Western Railroad In
forests be credited, thou Oh that gentleman will
doubtless large Of hts former power.
full influence in the affairs Of the road II Is felt that ne
was unjusty displaced to mako way for Mr.. Richmond
and that repaation should be made to the
There will now be no election Of President od ineri
for that there ID necessity for such acon
and the regular election occurring early month,
whom the influence Of the stockholders at large DO
felt determines nual postponenens Of the choice until
the regularly designsted day This determination has
been unanimously arrived at.
THE NEW COMBINATIONS
The South Shore party, or combination, OF which Mr.
J. W. Keep Is the representative man, confident OF
controlling the road The express company interest and
Mr.. Corning appear TO have united with them. Mr. Van
derbt instead Of aiming Of the absolute control Of the
road will now content himself with retaining In Tho
direction his son.inaw, Horace r. Clark, and his gen.
:rai agent BANKER what ,. confirms this view y
convertible bonds prefers to throw them the market
at the present high rates and to realize the profit rather
than TO hold control OF them.
PROBAHLg CHANCES THE BOARD.
The changes in the direction Of the board win not be
A. as rs wa, s nroSah9 In n.c
as director, vacated BY the late Dean Richmond.
Mr. Whitney, of Rochester, who replaced Mr.. Gould,
chcdeii, Of Auburn, may be retained. Mr. Alonzo
G. Paige, Of Schenectady and Livingston spraker OF
M as" %s%
seding Mr. Henry H. Martin and It Is suggested will pre-
sent his son Erastus CORNING, Jr, for the place Mr.
New York, will am assured, be forced TO yield to
cessors. Nathaniel Thayer, Of Boston, who personally
holds, as well represents large amount OF stock in
New England, win undoubtedly be retained. As already
intimnted. Messrs Clark and Banker will hold over.
THE QUESTION or THE PagsInEScy.
The question OF President is difficult TO solve.
Mr. W. g. Fargo, OF Buffalo, would undoubtedly be chosen
account Of his practical knowledge and hts situation
connection with the West but bis large interest In
press companies Is now by many considered dlsquain
cation Mr. chaplin OF Massachusetts, President OF the
ton 10 my despatch OF tho alsi us, viii mo-,
accept that position As to Mr. Samuel Sloan, of New
York, In spite OF his conceded qualifications, he will
have the decided and powerful hostility OF
Commodore Vanderbilt, who having once removed him
from the Hudson River road will consent 20 his
temperance head OF the Central Two other names
therefore, suggest themseves-Mr. J. W. Keep himself
whose KNOWLEDGE OF railroad matters mainly confined
70 the price Of stocks and Mr. Boody formerly OF Roch
ester OF New York, who practical man Of large
experience and entirely In the confidence OF the South
Shore interest II was Mr. Body who when the Wa
bash and Ohio Railroad utterly bankrupt, and when
he himself lost all his property resigned his seat in Con-
ercss left his residence in Rochester, aud de-
voted his whole energies to completing end equip
ping the road, and 20 such administration OF
But viii Mr. Body abandon his residence In New York
and tho comparative VIII oh wealth assured hm
10 undertake this time the administration OF vast
an interest without compensation Tho olcs OF Pres
dent OF Central road has always been unsalsred
Mr.. Body has this in his favor, that he Is re.
publican and Governor Fenton II Ia said has int cd
that this road Is put under republican control he
renqush hs hostility 10 u and assent 10 moderate in
crease OF passenger fares
There is contingency In which John V. l. Pruyns
may bc brought ny, but only as compromise can.
ddac lie has been with the road from the commence.
ment and indeed In the old Mohawk and Hudson
direction long before the consolidation. Mr. Pruyn, who
has just been elected to Congress- is understood not TO
be a candidate.
Much OF these specuiatons have awaited the return
from Europe OF Mr. Keep Before his departure of
The stock combinations In Wall street presented his wife
and daughter with rich and costly set OF diamonds II
this comb nation succeeds and aOle 10 swallow
the Central ts difficult 10 in what extravasan form
their gratitude viii be manifested.