New-York tribune., 1874-08-15
R1ILWAY INTERESTS.

FREIGHT AND PASSENGER TRAFFIC OF THE ERIE
TAXES ON THE MIDLAND CANNOT BE PAID.
Col Thomas A. Scott, John c. King, and b
L. NJ. Barlow held meeting at the offices of the Erie
Railway Company in Twenty-thrdst. yesterday
morning consider the general interests OF the road
The details OF the meeting were not made known Inc
general freight AID ticket agents and the second VICE
Presidents will leave this city on a trip over the road
The especial objects Of trip toowsT To consider
the commercial relation of the railway to It's puDc' ana
endeavor promote the reciprocal growth aud proh OF
local freight and passenger traffic; to discuss reight
and passenger rates, arrangements and facilities; 10
harmonic equitaby any MISUNDERSTANDING OF com
plants connected herewith.
Abram 8. Hewitt, Receiver of the New-York and
Oswego Midland Railroad Company. mas addressed
circular the Of the towns on the lne laying
before his correspondence with the general man
ager of the Midland Road by which IL s shown that the
road does not yet current expenses and cannot
be said present value, aud that II VIII not
be possible the to taxes If they be i'm
posed Mr. Hewitt, in his letter to John q. Stevens,
General Manager, says:
is known to you that the Legislature at IT'S last ses
sion passed law authorizing the towns along the Iue
OF the Midland Railroad TO levy taxes upon IT'S properly
am advised that this act IL OF doubtful validity auu
should not 9e recOg]Vu am o,r hnt IN IN yiew Of tbs
rate of taxation this seems unavoidable: 20 lar a.
information the assessors are liking the yaue at
rate per mile, which t Is estimated WIN MAKE ts aggre
gate taxes amount to about 100000 Tor the present year
practical question arises III view OF the dIncultes
which had to keep the road open for business
and the that 1t is not yet ruy earning lts cur
rent expenses. Ii becomes my duty therefore 10 ASK
you. as having charge Of the operation OF the roau,
whether In your Judgment II Will DC possible IOr thc
road to continue in operation II the additional burden
taxation is imposed upon It, lit Is not pOssDie 10 40
so IL seems to me should take measures TO pay
debts which the Receivers have Incurred ana report
the Circuit Court Of the United STATES pre-
paratory abandoning all further efforts 10 Keep tue
line III operation.
Mr.. Stevens says in answer;
In reply to your favor OF this date have no hesitation
in expressing opinion that for the coming year VIII
be possible out of the earnings or the Midland Ia
road to DO than keep 1t in operation ana mntain
10 In such oTdcr as TO secure the puOhc satp anu te
prompt transaction OF business. II would be great
misfortune II now after all our enoit Is as the Io
has prospect OF emerging troin lts dIIo so, Ia
It's death blow from those VINO nave most 10
gain by It's continued operation, and ~hp w lose most
by its suspension 1t would be unfortunate ls opera
ton should even be temporarily suspended FROM lts
unfinished character 1t requires ddy expenditures on
its trestles anu cuts IN order to maintain s emcelcy
and this should be inermltted but Tor Drlel PERIOD
the road would in many places. have virtually tQ be re-
built and a new organization formed for It's manage
men which could not b. done without great cost ara
| the road again IN operation would be aInOs,
nsupeIable. presume that II these taxes are Imposed
1t Will be manly on account of an underlined feeling th
tney & |1 De % " t6at ny me me- hep can be- xpeced rom that
quarter and that this taxation will make the BOND
holders still more tnd about Investing more money IL
the enteTPfaSe, IN & MnGp M tp1y & 1 t.tin y, be t6e
closing Of the road; and cannot but believe tnat wheh
this Is made apparent TO the cltzehs they VIII tlAe 9cn
measures Will prevent great calamity TO those
resident along tue liue dependent upon It tor
port. In "a year tue Road can undoubtedly bear
moderate tax; at present IL Is lnpOsDe 10 pONIde any
means too this burden. Would II not be well for
the citizens interested i'll keeping open TINS line
travel appear before The asessOrs aud represent
the disastrous consequences OF leyyiug the proposed
| tax, which VAL be simply rIIAOus
| Tie New-York Central Railroad Company
ia rapy improving terminal facilities at SKtleth
ST. and the North RIVER TIE grain elevator and STOCK
wards are approaching completion. The stock-yards
will be very complete and Will occupy several acres on
the southeast corner the tract under improvement
Tho entrance to the yards will be from the Eleventh
ave- 'front.' through Office which will be built on hlsh
foundation above level Of the yards Across the
west front of stocyards wall OF masonry built
upon crib work will form the limit on that side Tails
will be on with the floor Of the cars, large mum
her of which may be emptied simultaneously Wild
rapldity and safety. paSsaSe-way ~ leet "ltiG vi"
afrd the cattle safe outlet beneath the railroau
tracks, which here run on grade. Large nay DaIhs
will be nat up east OF the railroad for storing fodder Tor
the cattle kept in the yard, Eaen pen VIII Oe
| furnished win manger and waterlng-trOugi;
The elevator the storing and handing or gram VIII
he built within thc bulkhead line. Five thousand piles
yaryiug ia length from 81 TO 10 feet Will De drlNeh
winch will be cut If level with low water heiVy
timber Oorng will then be laid over them, upon Whcu
tailed plans FOR the elevator nave NOT YET peen coIl-
peted but will be about 400 feet IN length by 100 IN
wards will be ed tracks for tine loading ana stor
40. of cars On tine river side, where there VIII De %
feet of water nc tide, there Will In time, De nVe
pprs each 40 feet length by 80 IN Wldtn upon WHICH
nree track, viii be laid By means OF TINS arransehenl
cars may be alongside a vessel ahu ulelr loau'
readily discharged. AT present only three OF the nNe
ntprs viii he constructed the full capacity OF the
! depot may not immediately be put to the test'
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