, 1873-01-14

! Aa1n 4nA-4A3 Sd41+ Ao~~AA0 1AANA3 W hADAA kAS
ccunsel for the prosecution in the Tweed case
objected this morning, is said to DO Henry IL
Williams, the tenth drawn. It Is charged on
good authority that he has beon q member ot
tho Alnericus Club, md held position undo,
Tweed Of $4,000 to sl0,oooh year.
Lyman Tremain Is said to have Withdrawn
from the defence Of Stokes. The chief point
relied upon for new trial is tho alleged uncon.
stitutonality OF the new Jury law. Tremaiu
Was one Of tho new laWts warmest advocates,
and published u strong letter in ita favor. He
does not wah to stultify himself now.
| Tho Greeley will case was up in court again to-
day. Mr. Sinclair WIS not present. 4 private
| consultation WAS held to consider the PROPOSE
ton of tie Chidrcn's Aid Society, to accept IS
per cont OF the one nlls:e Of Tribune stock left
to them by the will Of 1871. The sfis:es Gree
ley were not willing to agree to this, saying it
would embarrass the estate, and no conclusion
| WAS reached.
Mr. sincllir ia said to be considerably indebted
to tho Greeley estate, and without meaus to
uquidate-
For some time, the aadvisbility of placing TWO
| more tracks on the line Of the New York Cen
tral aud Hudson River Railroads has been dis
cussed BY the Directors. At recent meeting Of
the Board, 8 resolution was passed authoriz-
rescy ps tbs bdnas issas Of for first qS5tSsBe 9
the purpose Of 1aioing funds to lay extra rails
along the whole length OF the road. After tho
meeting adjourned, Commodore Vanderbilt and
others thought TINT the resolution should bo 10
tho bonds il sterling, to facilitate their negota
ton abroad. 4 meeting Of the Board waa called
to consider the Amendments. The Directors
met Saturday morning in. aIr. Vanderbi1t's
private Office IN Twenty fourth street; The fol-
lowing gentlemen were present: Commodore
Vanderbilt, ". Il. Vanderbilt, Augustus 6chell,
General Butler James Walker, Jas. II. Dsncker.
Jas: H. Marvin, Samuel Eergler, and George
Whitney. at this meeting the resolution was 80
in sterling bonds and as0. 900 900 in currency
bonds. This evening SuH reporter called on
Commodore Vanderbilt to learn soma additional
particulars regarding this radical change in the
Central Road, which would give it creator road
the country. Said tho Comm modore: HWe have
no animoaity toward any road, and nc are going
to lay these additional tracks because they are
required for the business OF our road
That iaea about bitter competition is
wholly incorrect. Or course We shall carry as
low as We can. but there is business enough for
all the roads," The reporter asked it the info1-
nation regarding the loan was correct. The
Commodore replied that it was that the work
e,...g ct building S the two extra tracks was
s'1sady I've miles essut i and had over been '07Gnt aS
He continued that 1t would doubtless not cost
more than s2o, 900, 600 to build the track, proba-
BIZ less.
= 3 Reports, s tas why did you decide to issue
Commodore Vanderbilt I'VE have about e15,-
COZ, 900 in bonds out now. 4 portion Of these
now bonds might bo set aside to
Tx tske +su up nodl the =, old ones; Then, ssy
built is s15, ,00o, 900 more, That makes s3o, ,0oo-
600, which was about my first intention as to
tue amount. We don't want to put On another
mortgage, aad so ne thought best to make the
loan large enough to cover III contingencies
III tyara al "o ityf,f 3rrok ,rnn
then We may want to buy ten acres Of land or
something else, and il We do why re haye the
money. And again we 1nay not want to sell the
bonds. We hare money enough.
RePortaE-Hlen WM the work begin
Commodore-As I said, We already hare over
seventy-fve miles built We have nov strong
force OF engineers at work, and the minute the
frost leaves the ground We shall have largo
gangs Of men at work al along tho ine.
Reporter-Does the business Of tho road re-
qniro four tracks?
Conn., will state the case and you can draw
your OWL inference For instance, il no nere
sure that our business as it is on two tracks
would never increase, it would still be
Even If our business did not increase, re could,
with four tracks, save much more than the in
forest on the cost OF the new tracks. We could |
carry freight fully IL per cent cheaper than !
to get them out Of the way Of the passenger
trains that ire frequently have to run thirty |
mills an hour. But it uses up tho rolling
stock, knocking the CARS to pieces without really
carrying tho freight any faster: I had this de-
years ago. knew the Central must have four
tracks, and always held that object in view. |
This Is or 100 niles Of extra tracks |
which we hare already built to accom-
view to it's forming part Of The now Encs 81 Last
summer made up my mind that the work wns
going forward too slowly. I got our best people
together, and nd submitted proposition to them.
SUPPOSE all the passenger. trims we're
y to freight7 How much por cent on
The current expenses could We saye in the
Of freight? In other words,
1ov much cheaper could re carry freight Sup
515, ,ooo, 600, and it costs 20 much per cont for
expenses. Take off tue passenger trains and
cave FREQ trucks. What would BE- tho Dor cent
i saving on the transportation Of freights
The Commodore continued: The lowest
'stimnto made Of the saving which might thus
'e made WAS 10 per cent. Others thought We
'ou1d thereby save Is per cent, and in my judg-
uent, that ia the most accurate estimate Sup
'oso, now, We should save Is per cent on 315,-
100 900 freight transportation. That would be
81, ,000, 600, on which We should pny per cent !
Fhich would be 81 ,050, 900. Now, ii our business
emained just aa it is, the new trucks would give
s = say;i9g ct 81 2oo oo9 year ia Other words,
make as good time with freights run with regu-
arity, and think the saving would be fully up |
0 the per cent mentioned. 1Ve should have |
racks for freight and trucks for passengers and
be present ruinous wear On freight rolling
took would cease.
Reporter-1 do not know Of any four-track
Dads.
Conf don't but the Central must have |
no more tracks, and hope to 1.-Two to see
ZEN laid. I am getting pretty old, but never :
ad better health than now.
Reporter-You Say there will be no fight be-
ween your road and others competing for the i
Western trade.
Com.-There is and will be no reason for q
ght. The Central stands ready and always
as to accept any tarin that the other roads | {
ant to make, provided, Of courae, that they
ave the rates go that there is 3 reasonable |
roft. II they want to cut under that, why we l. {
re- able and ready to fight.
This ended the interview.
All tho telegraph companies, except the West j
m Union, have formed a combination to lower
ates. The Western Union to-day appointed q
committee to confer with tho opposition lines | j:
, dx, if possible, on uniform tariff. The au-
'ua:ic telegraph, which has just gone into I