The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-01-27
communicated
pennsylvantn Katlroati COmpany-Ats
DESIGNS and Financial Condition.


The following extract from the New York
Herald of the 20th instant shows how cor
rccta the representations heretofore made
ofthe ambitious designs and Of the lnSatia-
hlc lust for universal and exclusive domn-
ion of the Pennsylvania Railroad Company
bv those who oppose the surrender to their
absolute control Of the railroads through
Virginia:
THE AIRLINE RAILRoAD-Fron WASH
ington to Ne1o York--No Intention on inc
Part Of its Corpordtors to Build It-A Pe'o'-
sylrama Centrdl Job--The National ha'1'
January 10Th, lo'i.-
While the PENNSYLVANIA Central railroad Is
ostensibly fighting the Airline kaliroau
bill now before Congress it yet controis
every movement now made by the parIlee
having the matter in charge. The Pcnnsyl-
yania road proposes to get the charter IN
their hands and hold it against any future
roads for which charters may be asked )
and this is the way they will do it:
"A provision in the bill says that OF all
the commissioners chosen for the govern
men; of the road fifteen shall be 4 quorum.
OF this fifteen eight Is Il majority. These
eight men are already in the pay of the
Pennsylvania Central, two of whose names
give, that the public may know the
kind of men who have been chosen to rep
resent their interests in this scheme: Co.
lumbus 3. Guthrie and Joseph Il. Potts, OF
New Jersey. The other six are from Della
ware and Maryland.
"rhc Pennsylvania road will get posses
| sion of the charter for the air line, and the
road will never be built. They wish it sim.
ply to keep others out Of the field. The
Camden and Amboy will probably be con-
troled by the Pennsylvania Central before
many months. Does it look at all likely
! that they will stand idly by and sec road
built to take passengers and freight who
cannot but chose to 20 by the Camden and
| Amboy route: 1t will be enough for them
to fight the National railway and Baltimore
and Ohio, which latter road will build q
double track from Baltimore to Philadcl'
phia to connect with the National. The
Philadelphia, Wilmington and Baltimore
route will he to all intcnts and purposes
lett 'out in the cold.' An earnest under
current fight is in progress, and The end Is
not vet. II cheap fares and rapid transit
are brought out Of the chaos, the public
may smile ut the struggles OF the railroad
giants. The air line will never exist except
OH papcr.'
How long this monster corporation viii
he enabled to pursue successfully its auda'
ciouS and reckless designs, either directly
i'll its corporate capacity or through The
various combinations Of its specializing o1fl'
ciaS. and what will be the true future
value of any guarantees undertaken by it,
| may bc inferred from the following Stats.
| tics, taken from Poor's Railroa3 Manual
| for 1S1O-,1l: In this it will appear that
whilst the net income Of this company was
| in 1865 ire millions one hundrcd and ctcCcn
Thousand, four hundred and thirteen dollars
from an investment Of thiry-cight nWlt|onS
ttro hundred and mncty:fUe thousand s'I
| hundrcd and Sitty-cgM dollars, its income
! for 1869 was only .fuc millions and forty.
! ScUen thousand tice hundred and torty-tour
! doliars, from an investment Of SiItyjire
millions a,.d thirty thousand three hundred
and tuo dollars or about sirt5ttoW thou
sand dollars less from an investment in
creased by nearly tecenty-scccn millions o.
| dOilGrS!
! Add to this the fact that the annual report
of that company for 1870 shows that, whilst
its capital stock and liabilities We're during
the last year increased by nearly twei0t
millions Of dollars, It's income during the
same periods was increased only eighteen
| thousand dollars. From what resource,
then. unless it be from the sale Of this in.
| crease Of liabilities, are its dividends paid
Do not these facts fully justify the want OF
| confidence Of all connected with the Rich
mond, Fredericksburg and Potomac Rail
road Company in any guarantees by the
| Pennsylvania company of rent to be paid
on lease by them of the Richmond, Fred
cricksburg and Potomac railroad!
| THE SEVEN REPUBLICAN SENATOR'S WHO