New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-12-29
4 MAGNIFICENT GIFT.
JP. MoRGAN'S AID APPRECIATED.
SILVER GILT PLATE WORTH 100000 A TEsT1'
NORMAL OF HIS REORGANIZATION OF
THE WEST SHORE RAILROAD.

MONIAL OF HIS DECENTRALIZATION pf
THE WEST SHORE RAILROAD.
II was announced yesterday that the directors OF he
New York Central Railroad Company had presented
TO j. PerpOnt Morgan a handsome service OF plate
as testimonial in recognition Of his labors In the
reorganization Of the West Shore Railroad and It's eas-
ing to the Central. In the formal papers covering
the presentation, which may be said to have been
by correspondence, Il is noted that Mr. Morgan dc
cned 10 accept any compensation for the labor per-
formed bv himself and his firm This magnanimity
was deemed by the Central directors worthy OF special
appreciation.
Mr. Morgan has already received the present and no
ceremonies attended the affair. The service Is IN
silver gilt and tiffany manufactured IL from original
designs The centre piece is allcgorical OF harmony
among the railroads and is accompanied by four
candclabra -Four handsome holders for bonbOns etc,
form mart of the service and there are twenty-four
plates sets Of knives and forks fngerbows, holders
for cups and saucers etc The pieces are heavily en-
bossed. with borders Of fine fretwork. The cost Is
estimated at about 100000.
Tie correspondence In relation to the affair Is ap
pended
December IL 1889.
p1ar SIR At the meeting OF tle Bod Of Directors OF
the NcwYork Central and Hudson River Railroad Com
pany January % 1889 the accounts OF the
zaon committee Newly ork. West Shore ana Bualo
Railway Company embracing the whole period during
which they had acted passed and the committee ais
charged.
The directors who audited the accounts OF the reorgan
7aton committee reported also 10 the board that you had
declined TO accept any compensation for the vast labor per
formed by yourself and your house or for the great liability
which you assumed In order to insure the success o 'e
plan OF reorganization 1t was the desire OF he posu'
compromising a. they did the benefits which accrued 10
the New.Ycrk Central by the acquisition OF the west
Shore to give you evidence Of their appreciation OF
YOUR mart I'm the conception carrying and completion
Of this delicate negotiation and large financial enterprise
would gratifying 10 you and TO your children aer
you. Thereupon the board OF directors unanimously
adopted the following resolution:
Resolvcd That committee Of three consisting OF the
chairman president and Mr. Barger be appointed to pro-
cure and present j. Perpont Morgan the chairman OF
the reorganization committee of the New-York West Shofe
and Buffalo Railway Company-and the only member OF
such committee connected in strictly Official capacity
with other Of the parties to the reorganza'oh-a
suitable testimonial behalf Of this company"
Under the authority Of this resolution. we the commit
tee have designed and Manufactured by Msr IHany
& Co. a testimonial which hope you will deem worthy
OF the Central give and to receive We should be
pleased To your wishes the time and place Tor
the presentation. Yours very truly,
C. VANDERBILT,
CHAUNCEY NJ. DEPEw.
SAM'L +. BARGER.
% wall.st.. New-York Dec 49, 1889
To Cornelius vanderbilt. Chauncey NJ Depew, Samuel f.
Barger. esq. Present.
Gentlemen l have acknowledge the receipt OF your
letter u the 18th instant informing that pursuant to
The ., ,ion NJ the BOARD Of Directors Of the NewYork
Central and Hudson River Railroad Company. you have
procured desire present to me- on behalf OF your
company a testimonial in recognition OF my services as
chairman Of the Reorganization Committee OF the west
Shore Railroad.
To say that deeply appreciate this action falls FAR
short Of expressing my feelings receiving your kind com
muncatlon The value to OF this recognition now so
gracefully rendered and In form exquisite In ITSELF Is
greatly enhanced by fact that to me from per
sona friends who familiar not only with the results
secured hut also the anXeties difficulties and respon
sbncs which attended the reorganization OF the West
Shore as well as the collateral negotiations which the rail
situation east Of the Aeghanea In 1852 MADE at that
time imperative.
Justice 70 others as well as tn myself however impels
me 10 state that all results by due ex
clusivcly to my participation in the transaction My as
sociates on the committee Mr. Depew and Judge Green
hlared with me- in every way the labors anX,ees and
responsibilities which the work entatlcd Nh Adams Of
Messrs Wnsow Lanler Co. also devoted during long
period almost entire time toward the success Of the
plan Of reorganization the difficulties Of which would have
greatly enhanced but for the information when Nc
alone po-- --ed.
But beyond all should fail in my duty II omitted to
avail myself OF this opportunity 20 acknowledge and to
place on the records OF company the personal obga
lions feel and which SURE shared by all who are
acquainted with the situation TO the late Mr. william H.
Vanderbilt
From the moment that the plan laid before him
and received his approval he to the zation
Committee confidence complete and unqualified, and
failed from the beginning TO the end and
was Thu confidence uncqualed in my experience, and
which openly showed in every way that to mind
successful issue. lie also gave to the reOrgani
zation financial credit and protection which his recog
nized wealth could alone have secured and he lived to
completed the transfer Of the West Shore property
70 the New-YOrl Central. We shall all remember the
manner IN which he received return from our
successful mis- ion to Albany the date OF the transfer
December 3. 1855. few days before his death.
Thanking gentlemen, personally. for the and
taste YOU bestowed testimonial and request
ing You will convey thanks to the Board OF Di-
rcctors the NewYOrk Central and Hudson River Pail
road Company would state that will receive the estl-
monia with the greatest pleasure any time you
desire. l remain yours very sincerely.
j. PIERPONT MORGAN.
Cooks cOachmen. dressmakers and house servants
of all kinds offer their services IN the short adver
tisements on the fifth page OF Tho Tribune to-day.