New-York tribune. [volume] (New-York [N.Y.]) 1841-1842, 1841-10-19


- per cent. advance, although experience proved
that its real value was from 40 to 80 per cent.
below par
The Trojans having obtained control Of the
road, managed 1t in such way as to divert tae
travel as much as possible from A!ba-y to Troy
and not without success.
On the conn letion OF the Utica and Schenectady
Road, the prospects of the Mohawk and Hudson
beran 10 brighten Much Of the Stock had in ihs
mean time passed into other hands, though none
of il found its way back to Albany There being
no other Railroad to Schenectady, the Western ira
vel must necessarily pass through Albany 10 that
ci,v. The Road was put in the bes; possible
der. and endeayors were made TO bring its tc rrn
nation 10 the rivers bunk, at the foot of atesIeei
This the Corporation of the city would not allow ;
on the contrary the chairman Of the pre.ut mono
POLLING committee Is said to have declared then
that the proper place FOR the depot the hill.
some distance in the Of the capitol. Ini-
would have been still worse than the Sta;e-,trcci
location But then, say some abera4-mind,l
pSJic.s pirited and diS,nterested individuals, it
would compel travellers to TO stop some time, and
leave some Of their money in Albany.
The delay and Inconvenience TO travellers Incl
dent to the depot in State-street, and the trans
por,ation of tie trains distance OF three miles by
horse power, are too notorious to require to be
mentioned here: aud with the extra expense here
upon attending, great to limit the ag
gregate dividends for the ten years the Road has
been in operation, to something like two per cent.
upon the capital invested Under these circum-
stances it is the duty of the Directors manage
the road as to the greatest pos IDLE revenue
This Siate-sireet branch, with It's delays and
penscs, 4 serious draw upon the prosper
ity of the company. road was in the process OF
construction from Troy TO Schenectady, without
inclined planes, aud it calculated that paSsen-
gers could reach the latter city from Albany, via
TROY, in less time than over the Mohawk ard Hud
son Road To obviatc the delays and objections
to this latter road, and place it on footing equal
with the Troy Road, the Directors determined to
do away with the inclined pane at Schenectady.
and bring the eastern termination to the Rivers
bank, at the most convenient location the city
poraUu would permit. This location is at Ferry
street, and would have given universal satisfaction
but for the interested opposition of q few wealthy
holders OF real estate on State-street; who, being
prominent and influential citizens, carried with
them, at first, most of tue cartmen, porers, hack
drivers, cab-nen, &c. by representing To them that
they had Just right to tax passengers on the said
road for transporting themselves and luggage to
and from the Steamboats,, which perquistes they
would be deprived OF by the removal Of tue depot
10 the river side.
have been thus particular to the rise and
progress OF this controversy in order that 1t may
be fairly understood With this explanation, the
effect of the change in the location may be stated
in few words Real Estate on State-street,
west of Eagle, is probably benefited by it--ccr-
,anly 1t is not injured Congress Hail. the Frank
lid House, and the American Hotel, feel the ct-
Gects of the change, in the loss of much of their
business, and consequent reduction OF rent to the
owners OF the properly. The hotels in the lower
part of the city, nsd some los in the immediate
vicinity Of the new depot, are coriesPondinsy
benefited. The general interests OF the city are
not in the least affected by il, and conscientiously
believe that threeoutths of the citizens Of Albany
care nothing about il.
That the settlers up of this tempest in a tea
pot although outrageous interference IN the rights
and business of the Railroad Company, have an
Interior object in view. have deubt; and
may, perhaps, at some future day, not far distant,
examine its character. At present will only add
that | have interest IN the Railroad than
the in the moon. JUSTICE.