The Sun.
London, England, 1866-12-17 00:00:00

_ -
Total ... ... ~. $1,763,710
The State can borrow on a. long loan at 5 per
cent.

The annual interest would 13 on the
Worcester ••. •••
Western .. •••

$349200
388,600

$717,800

o
Leaving a balace in favour of
the transaction of $1;015,010
Placing the shares in the Were -ister at $l6O, and
tdhoellaWrsesbteep
Western atied
about N
to
reduction the
freight and fares ? If these could be reduced 5-6 by
c a
n the
o 2 off
the sacrifice of $lOO,OOO, what could be done with
a million ?
The plan I would propose for the considera-
tion of the Board of Trade is the follow-
ing That the state should pur.lhase the
and the .Weatern Railroad for an equitable
Boston and Worcester Railroad at $l6O
payment therefor to be made by the issue of
bonds for fifty years for $20,000,000 at 5 per cent.
oarsichea,re ,
interest--the balance being devoted to providing
larger depots at the various stations, particularly
near deep water in Boston, and the increase of the
rolling stock to the full capacity of the road. Let
the state, then, grant a permanent lease to the city
of Boston—the city agreeing to pay the interest on
the loan—to keep the road, bridges, and running
cti hn agatnt
hdeimay
apr
reroetvmoi
naogi
one
e,
the in reducing
airaoeirdl utaicei
passenger n
gforfarbeisisinaaessnodd
stock in gc repair, and to spend any surplus in-
-mr
eenlargingedo
two dollars a ton for freight from Albany to Boston
—as soon as cars, engines, and depots can be pro-
vided to meet the business requirements which
must be the result of the change. -To secure the
non-interference of political influence in the ma-
nagement of the road, let the city council choose the
directors on the nomination of the Board of Trade,
the members of which, as the active business
men of the community, have the greatest
interest in the proper conduct of th;s great
avenue of communication with the West. By this
arrangement the shareholders lose nothing,.
for they
will receive an equitable price for theirproperty.
The State runs no risk, for the interest on its loan
is guaranteed by the city. The city runs no risk,
for it holds a property that must eventually repay
with interest whatever temporary sacrifice
(if any)
may be made in advancing its prosperity. The
prosperity of the capital together with that of
t
Worcester, Springfield, lit s eld and every town
on the road or connected with it, will lead to a great
increase of taxable property, and the reduction of
prices in • the great staples of the 'West will be among
the solid benefits to the State. Should this arrange-
ment prove successful, as I believe it will, the State
will undoubtedly purchase the other great lines at
prices satisfactory to the shareholders, and make
access equally convenient and economical to all
parts of its territory."
To any who may consider the proposed large re-
duction of fares and freights preposterous and
absurd, Mr. Quincy suggests calling to mind the
success that has attended the reduction of postage
in England frornl2 cents to 2 cents a letter, and
cites the opinion of Mr. Galt of London that, by
the purchase of railroads and paying for them itt
Government securities, tlic expense bills of passcu-
gers and freight may be reduced one-sixth, the very
srm he proposes.

THE STAMP-OFFICE ROBBERY AT MANCHESTER.
We are glad to hear that the Hon. Mr. Howard, distributor
of stamps at Manchester, has recovered stamps forming
part of the property stolen from his promises in May last,
value £B,OOO. It appears that these stamps, on the arrival
of the thieves in London after the robbery, were left at one
lgaretei s
n
no prOilt on titO importation of gold from the United .
of the stations therein two earpet bags, which have since
remained there. It is rumoured that the restitution has
been made through a statement. volunteered by the wife o.
one
The
ef
cotuhreseDoolu
egxlcaismensgceoant7e. convicted dyaotrkt hoenMLaonncdhoens
oeir• assizesat
80 days' sight is about 100 j per cent. At thisu rate t.