, 1869-12-02

@'.ls .eea' - ea'3--s rr,a11xr COMPANY
~'4As' on,e,ea, n 81
e'
,,r,cc,rDrp ,oro
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prroRM III RAILWAY MANAGEMENT.
~ ,,cer, rs,,rt If tbe s.ata ENGINEER {
ar, s,rro.o, IF Ser yo,] for 1865 ron.
,,ins sone sncce.tivs statistics re,ative to
,,;,ro.s ho,;rn va-. ,,,,;ors boa,,no
~ thc;~ n.na.e.,an. ro- ~ ~o,r or5, 4
co,to,.t,as ~ ,ace a. ~, ~ ,.,,;aa
:, - In =. .-.o. ....oz
~ ~, S.- 49,. ,.;1,., .ss.a.s
- '"s u1Ae' ps1 A'"A' @11 Ao. 49, 49,.
nlaee - ~ ps'As .s ~ tat,on Asse
- ~, Ss,l s ,-:,,ss -
hp',u " ~ 1n"9A r. 49,. A4peo -
,a, .,,o :. ~, 1900, saa.5 :, al ,,;,os
- 80. 49,.
~. nN~,,-. 49,, ~ 49,. n...or,or, +
oI,,...nsa,' ns.ss $500, - .asrect;ve,r
- --s 81 a. 90, a.ssn,..rs ne;thar
..;,,7.a 49,, ;nsn,;no ,nr Tbe Ere carried
.,1n. ..s ,,s,- nre,. st nm srerace rate Of
-, ~. ~. <,,.,;na, -,:na md 10 far OK,
."o.a ~ ts.:a. a,1 Ella, ~, nassencarz and
81 lava r,o,.ion of these
uars r;c,;r,a of ths Disaster at C,rfs Rock. I
,-1,;,,, ,as .hon ~ have ,eso1te1 FINN ths
s-,,.;ncss IF m arerun,ked engineer who
Ia, ,eo, rsn. NJ, nnreasonsl,e lepoth Of
time Without sleep, One hundred aud if
trrn passengers were Killed or injured on !
the Erie Eod, to fourteen on nll the other
r,.ts of Tho =. ate c,mbiued.
w. arec;1 mt a,one frcr, these facts tho !
7ner;tcb,e locica, relation which exists he
,uson t,,s ,eck,ees ani immo1a 6naucial
mana cement a: the funds of a rallsoad BIZ
its officers. and tho reckless, and therefore |
munderous. nauacement Of its trains by
c-,ndrctors. engineers, and brakemen-
r,er reade. viii dsay the Inference for
himself
The mint tn which we call attention IS,
.h,. MT o,1v rho ,,ronertv of tb,se Who
~ sbaroe y, rai,r,sds ,,nt tha Iires of
- .-,z,o, r,,...- ,,,a,, do,.na NJ, fha
.,a.s.,~.,.5 sf;,;an.- @x;,h -.h;ch ro;1wav
. .o-.,...;~,,,e 49,. n,onsaaa bv t1rir pres;.
,.. r.s.s,sss,, ax1 goaras ~ 1,;rsc,ors
~ .s1;, ,.a,s ' 1,a ~ ,I Ioao ns general nron-
e,.;t;,. ,,,s, ~ r.;,r,ad ~ other corno1o,ion
'D .e.n ~ >1'A' .'a.s.,e,7 ~ .1:,h h,1astr ana
~" s-1e1s .ha ,n;no-;tr &c
well Is the minority, OF hs
Stockholders ate represented in its Hoard
~ -o,.;ns IN oro,r r,,,eav as in most
na~or,msnts--tbe ,,ff,c;,, rino. Who are try-
ing to make Nil the money for themselves
..ss,ha,1.,s ord ,ha teonts-~ or mere
1.os1h,,se-s 1ho vont the ro,d to earn
dividends SO that their stock Will pay well
md stand high In most roads ceftaln
degree Of check is maintained On the mar
aeenent by the ability Of Stockholders
to turn it ont In Erie This check is wholly
removed by the fact thht whenever the
present managers have been in danger OF
being turned out, they have issued ne" nnu
fraudulent stock enough to Keep them H.
At present the prospect seems to De fno'
they can never be turned out by any eaes'
tiou, no tie amount OF tho fraudulent 6toci
exceeds that Of the legitimate stock, anc
its holders, fearing that their stock DC
pends for its 1alue on the contsnU
aaee il power OF those who iE.
sued it, will always re-elect Fis]
and Gould The New York Legislature
snd courts sustain this rillainy, and th
stockholders pay for it with their money
ard MESSENGERS with their lives- Th
whole vi1tainy originates in a defcctiv
mode Of e,ee.ine DIRECTORS Of the eosnpsn,
-. ... -.
a.. s.ha~ -n;,-o.1 o,r,,,.,v ,,bess off
49, ~ .,sr,ad i, .bs eovra unv
c,nroea tba Fr;a In consist of % On
.t..a. D,o- uho booan tbe frandnre,
- asfao. y.o3e,1,;1t Ina
49,. - h., tnt +o hold n sino1e share no,
A., 1,.,r ., aIac+ n. enf;re Doara
n;.s.,.e -wa-o .1a,+ad +a +,
on,. =, ,s,n-a o1,a rots ,oore Than half
~, ~, ~ln,a T.scnt:xa comtnitte
VII. a. So, s;r,,a -,ta