davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1876-10-10
2l13n. .G3I p. .G57.1OO 3,0l7 100 ~


Observe how neatly the miscellaneous re
ceipts are graduated each year to cover the
emergency. This is not IN astounding leat I'D
railway management 1t is simply bold
achievement i'm railway bookkeeping. Ii bOr-
rowed money is a part of earnings, the New
York Central has earned its dividends since
1871. Any other road that can sell bond Is
at liberty TO earn dividend in the same way.
In fact, the most reckless rake in Cml'ten-
dom can Give on his earnings" as long as ne
can live at all. if allowed to count as earnings
all the money he can borrow.
The magnificent success of the New York
Central, when stripped of the tricks of book
keeping and the disguiscs of dOctored reports,
amounts 10 this: By mOrtgaging property at
seven per cent interest instead OF five per
cent. il has contriyed tO'bOrrOw enough money
TO pay dividends. What else it has done Will
merit consideration at another time. lis al
legged cost is 500, ,772, or $130,210 per
mile, and yet it has 50 inflated its stock and
debt that they amount 90 1923, ,997, or
3174,90O per milc-mo.e than thlrd
greater than the pretended cost OF the
road at tine prices that ruled during ana
after the war Its rent charges have swelled
from 100000 In 1870 TO Tl,657795 per
year. and its yearly interest payments from
81 .Og3.siI in 1870 to $2.72S,12O in 1873.
With this enormous increase in fixed charges
against income, in the ratio of 2oS per cent
its passenger earnings have increased less than
s Fer cent, and it's freight earnings less than
2l per cent Nothing else in all its manage
ment has kept pace With its growing burdens,
except its borrowings, ingeni1Ge'v styled
"misccllancouS" earnings. Year after
wear, as the load grows bigger, larger
sum must be borrowed, if possible, ana
paSscd to miscellaneous account, 80 that stock
holders and investors may not learn too soon
the fate which the Vanderbilt family has in
store for this property What that fate Is
perhaps VIC may show. But one thing is GER
tain: this process of borrowing money ON
per cent bonds to pay dividends on inflated
stock viii not last very long. Several persons
have tried To lift themselves by their boot
straps sometimes with a show OF temporary
triumph. But the attempt has never been
crowned with permanent success.
New-York tribune., 1876-10-10

The New York Central i not exactly prl-
yatc preserve owned by the Vanderbilt family.
Its stool, and bonds are offered TO the public
Stockholders, moi of the family, and investors
who are asked to put their earnings into this
enterprise, have a right 10 know something
about il. The information justly demanded
by stockholders and lenders. and highly ini-
portant to the public interest, the state of
Ncw-Yoik has tried 10 obtain, and the sworn
statements required by law have been sub
iected to some comparison and scrutiny III this
paper Mr.. Vanderbilt evidently regarded the
comparison aS odiou>, for Ec took occasion in
a published card to assure the public that
the road was earning It's dividends. lie neg
Icctcd. however, to show-indccd, in all the
sworn reports the officers OF the road have
taken pains not to shOw-hOw the dividends
were earned. But the dreaded comparison en-
ablcs rs to inform the stockholders and the
public of the fact which Mr.. Vanderbilt did
not state The reported earnings have for
years been Systematically swclcd to the
amount required to make it appear that a
dividend has been earned, by adding under
the head Of miscellaneous" receipts part
of the proceeds Of sales of bonds In short,
the dividends have been earned" IN part by
borrowing money
Every item of Legitimate receipts is set forth
in the sworn reports. We have for 1875, for
example, gross earnings: From passengers,
%7,27G,Si7; from freight, $780, ,701 from
car service, 81 1,07S,33l; from rents, $73O,-
G37; from mails, $325.310; from interest,
$263, ,SG9; from use of road, T273,9G5; from
tclcgraphs, $j,21j. What else is there? What
other conceivable source of revenue can be
named! Not one. But the report adds. "mis-
celaneous, $1,173,332." A nice sum to add
without explanation, after specifying the
S5,21j received from tccgraphs. Without the
happy aid of miscellaneous and carefully un-
explained receipts, the company had not earned
enough to pay an 3 per cent dividend by
$07O,S17. But miscellaneous was equal
to the emergency, and ~ the company had an
extra quarters dividend to pay in its fiscal
year 1878, kindly added not only 1870, SIT,
bat 81 1882. II is known that the road
sold bonds during the year. for its bonded
debt increased !il,51S,92j, and SlO,7j9, ,2O9
the year preceding, and ~ l,229,5l3 in the
year 1s73, and 81 ,26l,30l in the year 1872.
Thus T24. III .948 has been added to it, debt,
and any man knows that its bonds bear
ing per cent currency or Per
cent gold interest sell for more than
par. At 100, the average market price prior
to last August, the premium on bonds sold
would be $4,95I,350, and this large sum is
nowhere accounted for in the sworn reports,
excepting as miscellaneous receipts. But
within four years the miscellaneous receipts
reported were $l,272,2S4, so that enough was
still left to meet the deficit Oh the extra
quarters dividend paid in 1879, and to be
faithfully reported as miscellaneous" receipts
in the sworn statement of 1876. Omitting
this item, the actual excess since 1871 of
all other receipts over expenses, rentals, and
New-York tribune., 1876-10-10

In response to the manifesto Of the Demo
cratic state Committee of South Carolina dis
putting the statements of Gov. Chambcilain's
proclamation, and the letters 6I Moses and
Mackey, the Governor issues an address to the
people of the United STATES adhering to all
that he has already said, and asserting that
he has in his possession legal evidence to suS-
tain all the charges he has made. GOV. Cham
berlain SAYS this not as a candidate fer Office.
bat as the Executive of the Statr. and his
words will have corresponding weight. The
report which accompanies his address relates
to the disturbed condition of one of the two
counties mentioned in his proclamation. This
report p0rtrays a reign of tcTor-the country
harassed by midnight raiders, the rifle clubs
in full military organization and movement,
negroes sleeping in the fields to escape mur-
der or whipping. and considerable number
of them killed within the past three weeks.
In this condition of things Gov. Chamber
lain, who stamps upon this report the seal OF
his official acceptance, has done only his plain
duty. He evidently believes himself to have
been too slow rather than too hasty i'll taking
action. and the country will expect him to
fulfill his pledge of pursuing law breakers
TO the punishment thcy deserve.
New-York tribune., 1876-10-10
Du5incss Noiiccs.

DYEING AND CLEANING.-Iake your dyelng
and cleaning 10 the NEW DfEING AND PRNlN 81
IsHNFNr 9S Duant.st, 7j2 Broadway, aS ~ SJ4
y and 1866 and Gs PcIr pont-st, Brooklyn ESia' go
To ONE AND ALL.-Are you suffering IRON
cough cold asthma biOUc!hts or any Of the various pun
monary troubles that often end IN consJinpilOai II 81 @
'WHBORs PURE tOD IIyn4 OIL AND LINE a SIc al i w,
eaciOus remedy This QjsCs preparation, bu s !t+"
prescribed BY the medical faculty Manu- oiy " - 4"
&gBoR. Chemist, Boston. sod by 1u dluSelstN.
THE CENTENNIAL EXHIBITION OFFICE OF ~
Grounds ION bank o the Lake. Ite Pnldema r G,iS
Subscripons and advertisements received az regular
a both offices DAILY IHlBtNE served Dy odIIl'' ~ 81"
parts OF the city early IN the morning.
New-York tribune., 1876-10-10

If. instead of cuiranchising the colorcd men,
the United States had given them only one
third or onc-lourth OF a vote each, 1t would
seem that they might have carried more couu-
ties than they are now permitted to carry.
There were 129,GGj white and lO7,9G2 coli
orcd males of the voting age IN Georgia;
~. 900 colorcd men were registered under the
Reconstruction acts and 9J,77S Republican
votes were east in 1867. Was il all farce
Did the United States pretend to grant suffrage
to these people merely in cruel spCrt' What
ever the Government intended, Georgia Is
solid. The colorcd people are free to vote as
their former masters direct OF not TO vote at
ALL 1t is rather pity, however that the Gov
crumcnt should have exposed 30 many OF them
to loss OF life or other penalties, by granting
a franchise which it cannot so protect that
they dlre To exercise it. If the Democratic
majority is 10000, as Is reported, II appears
that less than one Republican in three dared
to east his vote. The cOlOrcG population Of
the countics named above was 1lS,9G7; the
number of Republican votes cast ut the Con
grcssional election in 1874 given in the last
column, was 5,93l. The Democrats carried
every one of these counties except Lee. But
lh'A hfiN' h'''' fiNhi Gums Hiii'' ''''' 'i'''N
their majority is now said to be $4,000. ID
will be interesting to notice how many Repub-
licans dared to exercise right guaranteed by
the Constitution and protected by the flag OF
this Gland of the free and home Of the brave
This is Refonn-1ilden and Reform. North
crn people are asked to believe that undying
affection for Tilden and Reform has SO pos
sesscd the soul. Of the colorcd Republicans OF
Georgia that shot-guns are really needed 20
keep them from voting the Democratic ticket
twenty times each. That these c0lorcd Re
publicans have been driven away from the
polls by shot-gms or Whppngs, the patriotic
Democratic Journalist most ychcmcptly de-
nicS whoever irdulgcs such suspicion IS
accused of waving the bloody shirt
It is the plain truth that this ugly question
comes TO the front again, not 10y any effort or
wish of the Northern people. They have not
an atom of sympathy for the knayish adj
vcnturcrs who seized upon the Republican
patty at the South. do not care how much or
how often a party so conducted gets beaten,
and are entirely willing to see the Democratic
party carry as many Southern States
as it can carry without trampimS under
foot the Constitution and the laws
If they had carried every one, with a
free ballot and without resort to arms or COM
pulsion, We do not believe Il single Republican
county or audience at the North would have
been disturbed in spirit by the fact. More
over, cxtrayagant tales have been used so often
to cloak the misdecds of knayish Gdventurers
at the South that there was very general
disposition to accept rs true the Democratic
assertion that Republcanism at the South
New-York tribune., 1876-10-10
GEnREIl NOLID-

Georgia is solid What the minority is We
do not care to ask; ii j. said 10 he eighty
thousand. Out of 219 member, of the L"5iS-
hturc. it is said that the bcpGbIicans have
chosen seven. Yet there are over !ity counties
in Georgia in which the colored voters out
number the whites. II there were IN honest
vote. though not single white man IN the
State should vote the Republican ticket. that
ticket would prevail in over fifty counties
For illustration, we give the white and colorod
population of some of them, as stated in the
InnnIf
New-York tribune., 1876-10-10
amuscmcnis ano fltetinss Go Night.

BOoTH's THENTEE.-" SardanaDalus."
FIFTH AVENUE THEArER-" Life"
GRAND OPEKA IIOUSE-" Uncle Toms Cabin"
NIBLo's GARDEN" Baba."
OLYMPIC NOVELTY THEAIER.-Naricty
PARK THEATER.--" Clouds"
SAN FRANCIsCO MINSTBELS.
TONY PAsTOR's NEW THEATER.-2 and 8: Nartct".
TwENTY-THIBD STREET OPERA HOUsE.-kclly d Icons
MnsTclN
UNION SQUARE, THEATER-" The Two Orphans"
WALLACK's TuEATER.-" Forbidden Fruit"
AMERICAN INsTTTUTE.-Day and Evening: Annual Fair
BELMONT GALLERY.-Day-tnme only: Centennial Loan
Exhibition.
CHCKEBING HALLE COmtnandcur Cazcncuye.
GILMORE'S GARDEN.-BGmuUt's Entertainment
JEROMg PNEK.-tAll RAcing Meetlng.
New-York tribune., 1876-10-10

rractlccs IN any of the three States to-day,
but we have unhappily seen too mu'h OF the
ways of the average political manager to hope
for so much. There will doubtless be sharp
practice on both sides, but there Is reason to
believe that after all the result will bc tTle
record of the honest Judgment OF the majority.
New-York tribune., 1876-10-10

Victor Ilugos letter, IN reply to an invitation to
attend Democratic banquet at MarSeillcs' ON the
anniversary of the proclamation of the French
Republic of 1892, has just been published. 1t Is
series Of gasrs and cries like all his letters for the
nast fen years but the long habit of yocifcraton is
n last producing its natural result The cries are
both weaker and hoarscr, and the gasps hard and
l,hor,d After declining the invitation, he cXclalms:
The quarrel of Thrones is ilagrant. From Pope to
Empcror they eXcommuncatc. From Emperor
to Sultan they assaSsinatc. Everywhere there
is the cyuicsm of victory" 1t Is difficult to make
these phrases apply to the present state of Europe,
when the power of public opinion Is making itself
felt in ENGLAND and Russia rs rarely before. What
follows seems 10 bc little more definite: Here
thry mutilatc Francc-that is to say Civilization.
There they stab Scrya-that is to say, Humanity.
At thi, moment there il a bandit government sitting
con the corpse of people" The reader may ask
- Where !'-but il really makes no difference what
the bandit government is, or indeed, whether
il is: accept the fine phrase, and be content .
Coming back to the anniversary, NJ. Hugo
saws: Eighty-four years ago in the midst of the
most formidable complications, and in the face of
the coalition of Kings, the immense human enigma
being laid down. supreme mouth-the mouth of
Francc-opcncd, aud from it issued to the ear of
pcoplc, that sublime cry which is q solution Re-
puhicn" He quite forgcts that Is years before, n
much larger mouth was opened on this side OF the
Atlantic and the untamcd war-whoOp of the West
ern wilds screamed to France "Republic" NJ.
Hugo has no right to mOn0poze all the big meta
pliors: we require few of them IN this country.
lie closes hi, letter by saying "To celebrate great
anniversaries is to prepare the way great events
Indeed. Is there not a slight mistake here! Did
he not mean to say TO perform great events is to
prspsre the way for great anniversaries" /"
Really the youmc Of this twaddlc about Hayes
and the American Alliance is wholly Out Of proper
ton to its Importance. If Gov Hayes were Know
Nothing, or ii anybody supposed him to be- the mat
soiuc account. But everybody knows that he is not
a Know-Nothmc, and that he never committed him
self in any way to their principles. All that his
enemies claim is that his private secretary wrote a
civil letter acknowledging a set of KDow-Nothng
resolutions. What if he didi Let the good priests
of the Society of Jesus try him with set of com
plmentary resolutions, ard see if he would not be
equally prompt to acknowledge hem The aggres-
sive campaign" has been brought down to pretty
fine point when it must depend on such puerie
fotches as this American Alliance scarecrow.
The Washington and Lee University, at Lexng-
ton Va. was chartered in 1852. 1t has historical
Interest," il was originally endowed by Gen. Wash
ington, and was assisted by the Society of Cincin-
nat and il has been the recipient of frequent dona
tions from private individuals. During the last
Years of hs life it was under the presidency Of Gen
New-York tribune., 1876-10-10

It is easy to show that the undue prominence given
in Presidential year TO the October elections is not
for the public interest 1t will he great deal less
easy to induce the politicians in the October States
to change the date of their elections How Penn
syvania was ever induced to do it must always re-
main mystery. Concentrating the attention of the
whole country upon :" OCTOBER assures to ts
politicians national prominence and to its c.,:,nai0n
managers fair claim upon the funds of the Ma
tiOnal Committee. 1t is vastly easier to make
lively canvass when you can compel the whole coun-
try to pay for it than when you have to foot your
own bills and it is vastly easier to be of national
consequence in a State whose election may turn the
national scales than to fall in with the general herd
a month later. Ii would be an exceedingly good
thing if Ohio and Indiana wOuld hereafter vote, in
Presidential years at least, at the same time with
the other States But it is probably too good to hope
for
New-York tribune., 1876-10-10

Robert p. Lee. large number of gentlemen |.
different States have organized movement in con.
necton with the National Centennial at Phadel.
phia for the purpose of increasing the endowment
of the University. Among other names appended Ia
their appeal we observe those of William NJ. Evarts,
Samuel Wetmore and S. j. Tilden of this city
Charles Francis Adams of Boston, the Hon. G. F.
Hoar of Massachusetts,, George Bancroft of Wash
ington, and other distinguished gentlemen. On ths
10th inst meeting will be held in Philadelphia for
conference and to organize a general movement
throughout the country. We wish the enterprise all
possible success For the sake of its historical asso
ciations, this institution should be supported or
helped to support ITSELF while its value in the pres.
ent condition of the Southern States is of course in.
estimable
New-York tribune., 1876-10-10

of general substitution of steam for horse
cars in the hiily streets of Brooklyn l. yet
remote.
New-York tribune., 1876-10-10

Tie Democratic scheme to brazen ont the
claims of a majority in Colorado until after
the Ohio and Indiana elections, falls through
day too soon. All but four counties give
the Republicans a majority on the State ticket
of more than 1,200; the other four counties
rannot change the result. If there be,
therefore, in tho October States a lone voter
here and there who still clmgS to the fence,
he can get down this morning on the Rcpubli-
can side
New-York tribune., 1876-10-10

DAILY TRIBUNE, Mail Subscribers. $lOpeT annuE.
SFMI-WEEKLy 1EIBUNE. Mail Subscribers, 81 per an.
WEEKLY tribune Mail Subscribers - per ahAum
New-York tribune., 1876-10-10

Other savings banks runs are announced,
but seem not likely to produce bad results
except TO frightened depositors who withdraw
their accounts. In the case of the North River
Savings Bank, quarrel between it's President
aud the other trustees appears to have occa-
stoned the immediate trouble but savings
bank dcpositors are generally in frame of
mind in which 1t takes very little to worry
them,
New-York tribune., 1876-10-10

Brooklyn is granting permission to Coney
Island railroads to bring their steam dummies
further within its limits. Until recently that
city has made the mistake of excluding steam
roads almost wholly, and has thereby crippled
its own progress. The present action indicates
wiser counseIs in this matter, though the day
New-York tribune., 1876-10-10
BRANCH OFFICES OF TIE TRIBUNE.

NEw-YORK-No !, ,235 Broadway, corner Thirty
hrst-st No sos West Twenty-thirtSt., corner
Fighth-avo.: No. go Thrd-ayc., corner Forty
se{euiii-St; No 2.3S6 Fourth-aye ,IarlemJ
PHILADELPHIA-No. 713 ChcStnut-st.
MISUNDERSTANDING. 1875 Est.
IONDON-NO 13 Pail Mall. :. ".
PARIS-Ne Rue de Ia Chaussce dAntin.
Advertisements and subscriptions are received at
publishers rates and single copies ot lHE lnHUNE
New-York tribune., 1876-10-10

Tammany and Anti-Tammany have held
their primaries, and the great work of recon-
ciliation and reform has begun. Mr.. MOr1iSsey
can do the rcconcliation-he was in that bust
ness in his earlier years and Mr.. Kelly, who
was wont to scofY at Mr.. Tilden, can do the
reform. 1t is proud thought that the civic
destinies Of NewYorli are apparently in their
hands.
New-York tribune., 1876-10-10

Persons unable 10 obtain THE 1RIBUNF an GHyo Of he
trains boats or hotels in rhicb IS usually s0d W con-
Tf q larOT By i0Jutpd this Office Of me circumstances
TIL SuNfWEEKLY TRIBUNE will be ready this morning
al o'clock. in wrappers for mailing Price cents.
Advertisements for this weeks Issue of TiE WEEKLY
TRIBUNE must be handed in To-Day Price - per me.
New-York tribune., 1876-10-10

can side.
The eve of election finds both of tie great
October States thrilling with excitement. The
drift 0f general expectation is unchanged, Dut
dispatches On another page from number oi
the most prominent Republicans and Journal
ISIS in both States, including Senator Sherman,
Judge Stanley Matthews, Murat llalstead'
Richard Smith. and W. Il. Holloway, give III
teresting observations on the situation as the
long and bitter campaign reaches It's ciilmina-
ton. A few hours more will test the predic-
tons that have been made.
A treaty of peace has been concluded i'll In
dianapOlis. The overture came from the Dem
ocrats, who deserve credit for their action, ana
was gladly received 10y the Republicans, who
merit equal praise. 1t resulted IN an agree
mcnt between prominent men of both parties,
headed by Gov. Hendricks, 10y which all per-
sons who have come from other States to IN
nuence the election are requested to leave ana
precautions are taken on both sides to protect
the ballot and preserve the peace. This drives
from the State The Democratic r0uShs ana
such negroes as Republicans may have I'M
ported. and leaves the field clear for an eiec-
tion untainted by fraud and undlsturbed by
violence. The whole country, which has been
dreading day of riot and bloodShcd in In
diana. will rei0cc at this decision 1t secures
an obvious political advantage to the Demo
Gratis in enabling them to retire from the hu-
initiating position in which their importation
of roughs has placed them, and, if they should
win the State. in preventing their opponents
from charging that it was carried by violence
and fraud. But whatever may have been the
motives which inspired it, it is a step worthy
of all praise. We commend to the Democrats
of South Carolina the wisdom of the Demo
Gratis of Indiana.
New-York tribune., 1876-10-10

THE TRIBUNE EXTRA No 50 (THE TRIBUNE
Guide to the Eyhjbitiony is for sale on all
the principal trains drriUing at and departing
from Nc,c- York and Philadelphia. and the re-
port to this office Of Gny failure to obtain Il from
II aciU be sent to any address, postpaid, on re-
ceipt Of the price, 10 cents ia sheet form, or 20
cents an pamDhiet
New-York tribune., 1876-10-10

Mr.. Robinson win take no part in the can
vass, being reluctant to advocate his own eec-
tion. Evidently Mr. Robinson is not ga born
"DemocIat'