The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-01
to every station along tho OF the Hudson River
aud New York Central Railroads.

to every station along tho OF the Hudson River
aud New York Central Railroads.
SARATOGA. August !, 1877.
TO THE EMPLOYEES or THE NEW YORK CENTRAL AND
hunsoS RIvgK RAILROAD CoMpASy:--
We have passed through period ci unparalleled OK
element. Surrounded on all sides by u common
enemy all good citizens !e the necessity OF sustaining
the authorities the dispersion OF the mob and return
OF peace appealed TO you resist the wui
iawiessness OF bands OF rioters. TO protect tho
properly OF the company and assist restoring
order. Your response has won tho admirati on and
respect OF the whole country. OF this compsny's
II 600 employees less than have shown any DISPOSE
ton to embarrass H. The property remains intact
uninJured You have everywhere. except when oyer
come by outside voences performed your duties, and
your example has tended greatly TO alay the excite
menL
think am justified under the circumstances IN
making some marked recognition OF your loyalty and
fnithfulncss, and have ths day directed that the
OF 100000 be appropriated for tho purpose, To be d
vided rataDiy according to their position the pay
roll among all the employees except executive and de-
partmcnal officers and the clerical force directly
engaged IN operating the road The policy OF the com
pany heretofore adopted will apply to the present
we'll AS future emergencies Men who IN time of trial
strike and embarrass its operations by violently pre-
venting others from dong their duty
rc-entcr its service.
Tho late reduction OF ten per cent, including It
docs every officer and employee IN every branch OF the
service. except those who 81 day or $50 per
month, was considered fair and equitable result OF
the company's business, and the compensation thus
liked Is fully equal 10 that paid by corporations in
dividuals whore for similar services. Your pay
will be Increased the moment the business OF the
country will Justify II.
WILLIAM II. VANDERBILT President
TALK WITH MIR. VANDERBILT
representative OF tho HgEALD called upon Mr.
William Il. Vanderbilt add found him sitting the
piazza OF tho United States Hotel, surrounded by u
select cotcrie oil friends. Though II then only
ten O'Clock IN tho morning Mr. Vanderbilt had been
up and doing" Tor several hours, and he had just
ccvcd telegram from con ndcntal employs At West
Albany statins:"Whcn tho shop whistle blow this
morning every man was at MS post, aud We are be-
sicged by outsiders eager Tor work.
This sentence tells tho whole story" said Mr. Van
dcrb,l., he settled himself in his chair his hand
idly toying with his heavy watch chain; 'rhey must
have work. and to work they must or
later. The necessity for work Will aud must prevent
any prolonged difficulty regarding wages
"But," continued Mr.. Vanderbilt, speaking very
riousIy 1.-THE whole point of present business do
PRECISION lies not the scarcity of work. but the
prices that arc demanded TOR II by the worknsmcn
Capitalists are willing anxious, to accom-,
themselves 10 the altered situation OF things but labor
Is unwilling TO bulge All incli
HOPE FOR BUSINESS MEN
"There will be, know, plenty OF business this COM
ing allplenty OF work for cverybody--but II VIII DO
business at tho lowest margin OF profit WORK AZ tue
lowest living rates And that corporation winch will
hrst aud best accommodate itself TO the preseat state
oil anars Will be the most successful, aad the most
prudent man VIII DO he who comes TO the dcteTnna-
ton accept things AS they There will he plenty
aott--no more.
ECONOMY
ssThe trouble Is - said Mr. Vanderbilt raising him
self in his chair aud talking earnestly though without
excitement, shat everybody IN America spends too
much money. Everybody lives I'm New York cspe-
cipy, perhaps, but everywhere else generality beyond
his income We make moro than any other people
but We expcnd more than We make. really think IL
arises from our being, al OF US. too hopeful We
Americans hopeful people. We have Tor the last
two years been hoping and believing every month
good time that was coming the next month and the
next month, aud All this would be very we'll
not that all tho time people arc hoping for the
future they arc also hyrothecatng It. How many men
tracing debts In the hope OF day other some
how other, being ublc TO pay thcm perhaps with
interest, discounting the future
HAlspPAx roR ALL fHiyds.
SIT Is this state OF things, the fasc hopes and the
rsinous scale OF expenditure which accompanies II,
which has kept aud still serves 10 keep, xIse stand
ard of wages among our laborlng classes When the
habit OF looking ut the present as is, and the future
probably Will be- prevails there Will DO no more
strikes. ,"
Do you consider all the trouble virtually ended ?''
asked the HERALD representative of Mr.. Vanderbilt
.As far the leading railroads are concerned b" said
Mr.. Vanderbilt, III am sure of it, But there Is great
danger from the spirit oil Communism. THIS prevails
10 much larger degree than Is generally
credited Not among intelligent workmcn, It 10
true, not among railroad meh to any great extent
but among laborlng men in general Ana then thcro
may be bread riots aud great restitution in certain
districts unless arc very careful and very fortunate
SERVICE OF THE PRESS
s'But much praise cannot 10 given W the press,
sal
matter oil the strikes With ono voice The newspapers
have demanded order. And 10 the press more per
haIs than any other cause is owing our salvation
IRON the peril which has just mcnaced us-a pcrIl
which, that II Is over" said Mr.. Vanderbilt rs-
ing may be characterized the serious through
which the country has passed"