The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-11-24

Bank, it will answer the purposes of umbrella and
protect the fair weather birds of paper money from the
storm of debt paying Unfortunately however it is only
the select few, whose appear upon the assets OF
every paper bubble which explodes from the United
States Bank down to John Duer's Trust Company
who get shelter under this admirable continuance.
We will to-day PROFOUND plain questions on mat
tiers that attracted the curiosity of the creditors for those
who have managed the affairs Of the New York and Erie
Railroad
Did or did not Mr. Bowen and his two friends. Messs
Batchori and Draper promise last winter to resign their
Offices if certain Senators would for Mr. Faulkners
bi1 and did those gentlemen especially the President,
keep their wordi
Did Mr. Bowen, the defeat of that bill say he was
"glad OF III"
Did Mr. Bowen use his best exertons procure the pas
sage OF an act extending the charter OF Road or did
he endeavor 10 defeat it,
Was il the President of the Company (Mr b. no said
that hat Loco foco Legislature could only be induced
to kill the Road entirely, then carry the State
next fall to a certaintyn1
Did Mr.. Lord while President Of the Company get
$4,000 for "stone for the pier"' How much since 2
$50 OOOl
Did contractor the Eastern Division complete
work his contract the of $1,000 only and
resident engineer that division certify to work that
contract to the amount Of over S2o.O0O'
Did that said contractor threaten exposure and prosec
ton and after sham reference did he receive from the
Managers OF the Road the Compsnys obligations the
amount of 81 900 in the form Of Judgement?
Did officer compel his inferior in office to give
him $1,000 worth of stock because his brother naw
injured while at work on the roadl
Did the Assgness Of the Company cause judgment to
be given to- obtained by Of the contractors Mr.
stranahan Coz for $4,000 after such assignment was
made them for the benefit of all the credorsl And
did they cause the execution to be put into the hands
the Sheriff with list of the property upon which he
to levy, with injunction of secrecy And this
schedule of the property made out the engineer the
eastern division, Mr.. Seymour, who is one Of the
signeesl
The prosecution of the Erie Railroad work expected
to support itself out of income to be derived from The trade
passing it, is of the widest perh undera
ken The construction of road through the southern tier
of counties would undoubtedly he OF benefit to them and
of utility to the public at large, if it could be done any
thing like reasonable expense. All the business which
the road can do must out OF counties through which
it passes That business which comes from the Western
States it divide with the Erie Canal and the River
ST. Laurence The former has heretofore enjoyed the
whole oft The railroad from Boston to Albany 1879 miles
long, was built at an expense of near 600 900. It
ceves large business from the Erie Canal runs the en-
tire length of Massachusetts,, through populous and
of the English steamers 1t thus forms direct channel of
communication from the lakes into which all the
of western trade empty themselves through the Erie
Canal running through the most wealthy counties of the
Union, with the foreign markets and returning carries
from the New England manufactures the supplies for all
that western region. Notwithstanding all these adyan
tage that road costing but 800 OOO raise its
10000 shares of stock higher than so per cent. What
is the Erie Railroad project II is to build road
of 500 miles, at expense of at least $4,000 OOO
through counties not rich those of
and instead Of opening upon the whole trade of the Eric
Canal and the counties through which runs supported
by the volume of western groduce goes through thin
ly populated and comparatively poor counties order to
compete with the Erie Canal and divide its business COM
ing from the western States To illustrate this have
compiled the following table, showing from the the
productions OF the southern tier of counesthose the
line the canal actual business canal in ls4l
and the productions Massachusetts counties through
which the railroad