The New York herald., 1867-04-12

cheerfully TO any just demand for lis pro,ec,io, 80
posy - nos eneug 70 say ,nat the road passes wan
tue country, reaching thriving yillaga arra ,ya ~
popnlous cities, through wen cultivated agr,cas,, u
milling establishments. which farnish an Ina S
mense freight and passenger business al ali
seasons OF the year. 10 these toe road a in IN
aahted for large aud increasing patronage, and md
return Is supposed give REGULAR speedy aud econ.
onical tranh TO passengers and freight II = case Of
mutual advantage. and mutual protection should bs
gwen and secured. viii not urge that exper ence has
demonstrated the imprsclcabilty OF zing
demands on the public that would not take undue ad.
vantage OF the privilege Organized or associated capital
80 important % enterprise and advaneeme may mus
the rights and interests OF the people The just measure
Of privilege on the one hand and OF restraint ON the
other y the u ue function OF legislation.
With the large income Of the Central Railroad Conn
pany which fail to be greatly increased, without
former standardths proprety OF raising the fare
at this tine Is not apparent Il will not be denied that
. pdy as vas expected
Very few doubt that this decline will oontinue-it 70
be hoped moderaelv-unti stable rates are reached,
based upon specie value. Heavily laden the ps0pe
are with burdeas, may we'll be doubtsd whether tbey
VIII sanction additional taxation 70 augment the very
respectable profits OF this prosperous corposai,on
II Il Was susceptible OF demonstration thai this
pauy had been suffering fur period from temporary and
whether It was wise grant relief unlsss The
greater than 10 other similar Investments q capital
such as threatened impair the Of The road
and then only limited period II is certainly vsl
that we should fool joint and interest In
turning - rapidly as may be TO normal condition 0f
business aud values II s evident however, " The
pocy OF relieving every interest adversely Affected BY
the unusual causes OF the past few years prevails h6t
the pablc viii lose one great incentive 70 efforts which
are necessary TO restore us TO lhe natural nd
ordinary conditions which all dccm desi-
rsbla Many have suffered In dimiaotion Of bssi-
ness or pronts-perhaps ciass a. persons
moro than those who, from inclination or habit,
have confined themselves TO operations which only per
mtted legal Of interest Capital invested q boa
and mortgage has hardly psidafter dsAucting national
State, municpa county and t,wn taxation-more than
four per cent: and the capital employed
IN many other ways may be asssed of agrtcultaral
investments generally that the nat income In the
favorable periods hardly boast Of the profits derived
by the Central Railroad Company
must be borae In mind thas this valusb3e franchise
was granted by the Stale, css for The pubic
mediation than for private gain II believed BY many
persons Of good judgment that the managers Of the road
could In the exercise OF rigid economy, reduce expsnd
lures 70 exent which would enable them 70 increase
their present dividends without prejudice 70 the pubic
good S -
With these views sarusstiy snssrapsd, and shsss
reasons resp ctsuiy submsdL retarn Mis- bill 10 ths
Senate without my approval a.svs = - FENroN