The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-12-16
NEW YORK AND PHILADELPHIA.
Enterprise in the Two Cities Compared Rail-
roads and Steamboats,.
From the Philadelphia inquirer, Dec. l2.1

from the Philadelphia Inquirer, Dec. 1871
From occupying the foremost commercial posi-
ton ameng the great cities OF this Continents Pha-
delphla has, by easy, conservative ways, been dis
anced by nearly all Of hem ana no sorrier spectacle
can De presented to the eyes OF her old merchants
whose ships were sent from her wharvcs to every
port Of the world, laden or to return laden home,
than the dun, siloss spirit that now broods over
the wnole river 'front.' and which has permitted her
Water and Front sIrceis when ane a'v wers
odorous with Eastern gums and spices and
pietnsr.o WIN the productions ald fruits
81 the greater portion Of the habitablc
globe. to bccsme shops the sale OF the vegetables
Of New Jersey. Her decks, which once received the
great three-deckers nom fsrelgn ports are new
familiar With few larger craft than oy ster BEATS her
Wharves are gwen up to market men, and her ware
houses, mage and dusky ana strong, 10 the storage
II we want In these later days to know hat Phila-
dellla imports wo must look lor the statistics in
the New YORK custom House. II we want TO know
now she Imports We are referred to the hail dozen
lines Of lsreignowaed steamers running in and out
Of New York. At present she ~ huge, OvergrOwn
manufacturing village, geographically less than
hundred miles from the open sea, bat commercially
NUMEROUS ana hundreds of miles distant. Content
generally, too, to be village when she might be a
vass CITY, az great IN her foreign commerce as she IL
III her manufactures.
Before he superior energy end enterprise OF New
YORK Ihlladeiphla has almost ceased to be COM
melclal ccntre-ceased 10 be little more tnan a
mere tributary to the so.caled Metropolis OF the
States. That she has altogether los a name
among the merchants OF lac int eTior, the South and
immense influence exertcd ia her favor by the
PENNSYLVANIA Railroad Company. Despite q petty
and harassing complaints to the contrary thai cor.
porationwkose lines OF travel and trauic bring the
Duser Il ON the remotcst sections Of the Continent
To our very doors, ana forward ms purchases with
tionS-ias always Disseminated In Ia, of Phila-
dclphia as against New York Its policy has been
from fifst To last To build up the prosperity or our
wavered.
For years it has been quietly and sCrey obtaining
tssesslon Of other roads, until now It's main lines
and IT'S feeders permeae the richest fields ana the
mast lourshlng cities, towns and villages OF the
| country. Without a change or cars II II pre-
pared to bring the wealth OF the Western granarl
| TO It's own spacious elevators on the Delaware ami
schuyiki While II has been thus intent on DuilL-
ing up the wealth ana importance Of our state and
CITY, stretching out It's lron arms 70 bring 60 as the
generous dividends and placed It's stocks ana bonds
among the best securities of the market.
Us latest EFFORT has been to establish line OF
steamers between this port and Europe, in order to
enter the wedge which shall so separate Phllade!-
| PIMA IRON New York that our mercantile position
may be Woa back TO us, and our merchants learn 10
import their goods through our own Custom House.
Within the limits permitted Us This morning u
would be Impossible 10 show now much Phitadel-
pha Is indebted To The Pennsylvania railroad Com.
pany, but enough we believe, is understood by the
business community for II TO know that the greatest
possible calamity that could beall this city would
be The loss OF the control OF tAis road by hIladcl
| phlaps Yet this IL exactly the danger that now
| threatens the State and city.
| It has, within few days past, been discovered
| that combination mas been formed In New York,
among few leading and unscrupulOus specula tors
10 obtain control OF the management OF the Penn
sylvanll Central Railroad Company, through large
purchases OF It's stock and 1t Is 10 lie regretted that,
with knowledge oil such combination existing the
city o Phlladelphla through trus tee has materially
assisted in the conspirators' success BY permitting
them TO purchase at one time 8 600 shares or
the stock held by the city, Against the personal
honor or Integrity Of the trustee In question not
WORD can be said, ana he may saw, In defence OF his
transacuon that having rendered the stock to the
railroad company at sixty dollars per share ne was,
IN his iduc airy character, compelled TO refuse that
oher ana to accept higher one, protiered, mat
ter by whom. TO this we say that the city was not
compelled al thus time, to sell 5000 shares OF the
compaby's stock; II 1t needed money u could nave
| obtained 1t by nypohecaton as easily as ny sale,
and. again, the trustee would undoubtedly have
been instructed by superior authority not to sell the
to the New York clique or adventurcrs, whose
purpose was that abovenamed, no matter what Il
| lar per sharc-sold it, too, alter he had been III
termed Of tho uses to which II would be put.
| Eight thousand shares OF a Stock the whole num-
Der oil which Is 100000 much, but in the first
place 1t must be remembered that the combination
, which has been formed among the New YORK con.
spirators had already purchased large number OF
shares amounting in the aggregate to tens OF thou
sands and that with almost unlimited means at the
command OF Its agents 1t was buying the stock daily
at constantly increasing prices, anu that unless the
| discovery OF the scheme enables the managers Of
the company to Illustrate 1t at once Its ultimate sue
cess VIII be certain. Again. it must De remembered,
while there are 100000 shares OF the sock, That
how vital might have been the interest at stake, no
more Than $4,000 shares nave been voted upon,
! SO that the New YORK Clique need not, at
the lurthest, obtain control OF mere than sixty
thousand shares to enable them TO throw out the
| present or any future board OF management and To
substitute OF It's own. Large this number is
it Is now known thai the combination has already
nearly obtained 1t, Tor some OF It's members are
bankers In New York, no ding many shares as
trustees Tor their foreign clients
Briefly, the scheme AT has been fully discovered
Is that certain New York Spectators have COM
blned to obtain enough OF the STOCK OF The Pennsyl
Vania Railroad Company TO enable them TO obtain
entire contrc. OF Us affairs, and having accom-
pllshed that, to divide its available property,
accounting now to over one hundred millions OF dol
lars, among themselves. those who know how
| VaH0QyAt mas ABSORBED The New York Central and
now FIX ana Gould have bodily taken The New
| YORK and Erie, dividends and ALL may understand
I the intention OF the band OF consplrators now At
| tempting TO get hold OF The Pennsylvania Central.
Other results OF the success OF the scheme Will be
| policy which will make Philadelphia mere
] New York, and the entlre abando nment and pre-.
| venton OF any design to connect this city with
! Europe by line OF ocean steamers.
The greatest portion Of the stock of the Pennsyl-
| vanla Railroad Is held as permanent investments,
and those VINO so hold IL are advised that to part
with It at this time is to assist In turning the road
over TO combination OF as unprinc pied specula-
tors rs ever cOncocted nefarous schemes TO plumber
They can only succeed with the assistance OF our
own people, among whom the stock Is chiefly held.
And now that their designs are known, we doubt
that there Will be many OF our citizens willing to
place themselves in the position OF the trustee OF the
city VINO sold TO these conspiators 5000 SHARES Of
the cOmpanys stock in the full knowledge OF the
bad purpose for which they were TO be employed.
C0L0AED GIRL SUES A GENTLEMAN OF COLOR f0a BREACH