The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-02-13

or the Central Division, 1900 600
OF the Susquehannah Division, 100000
OF the Western Division, 35oOD0O
50 100000
which the future progress of the construction of
the road now depends, consists of the small balance
Of State stock to be issued in pursuance of the
listing law, all Of which has, in fact, been antici
pated and expended Of collections to be made ON
the present and future subscriptions to the stock of
the company; Of the receipts upon the portions Of
the road which are and will from time to time be
put in operation and OF the donations of lands
which have been made to the Company. Contracts
have been made for the work Of construction, and
for the materials, Except the iron. upon the whole
line Of the road. except most of that portion lying
between the village Of Deposit and Binghampton;
and ne geiations are now pending with contractors
for the construction Of the road that portion of
The organization and pay Of the engineer depart
Chief Engineer of the Company, P1sysiss
Engineer Of the East Division. a,soS per year.
4: (: s s::ss:s.nn.s :; q, g: e /.
'6i';i. 1;ss asf; sa Of ss State. .u
thorised = be issued,a and loaned to the New York
and Erie Railroad Company. So 600 900 had, previ-
Gus to the Sd day OF December, l84l, been re-
at the time of the date of this report, $2,sOOOo
had been issued by the Com troller All the State
stock which has been issued after the passage of
tn: S 5es e s ssd :.
ton, and bid in BY or on behalf Of the company,
nominally at par. The State stock so bid in, has,
subsequent to such purchase thereof, either been
time Of sale, or hypothecated As security for tempo
rary loans. The amount Of stock hypothec Gated on
the Esd of December, l84l, was S765 900, at an
average rate Of about s5 cent-the debts for the
oae ~ al he of vvh haa
been 80 hypothecated have been paid when due
therefore none of the said hypothecated stock has
been either forced to sale at sacrifice, to satisfy
such debts, nor been claimed BY the holders As
ment Of such debts.
The width of the track adopted for the New
York and Erie Railroad is six feet the wooden
superstructure is composed Of rails or stills Of tim
bar eight by twelve inches, properly secured by
ties. On the piled road the rails secured
to the top Of the piles by large tree nails, driven
The rails for piled road are procured Of the pro-
per length to meet on the piles without waste. Ge
nerally they are twenty feet, none less, the piles
being from centre to centre, lengitudlnally, i've
feet apart. Upon this wooden superstructure, and
in the centre Of the surface Of this wooden rail- Is
placed and firmly secured by chains and spikes
the large iron H rail, weighing about fifty six
pounds per yard 1t is believed that this forms
| a safe and proper road for all the purposes
for which it is designed-safety and speed for pas
sengers, and strength sufficient for all kinds of
freight. single track On TINS plan Oh euPerstruC-
ture was opened-from the Hudson River to Co.
shen, distance of 46 milss-on the 23d ofSeptem-
Der last. The road has been used " days; the re-
ceipt for the transportation OF passengers and
freight the road, and the steamboat ferry be-
tween Pierment aud New York, during that time
is S29 69 43, being an average Of 1913 2 per day.
A very considerable item in the resources of the
company is composed Of the donations OF lands in
the counties OF Cattaraugus and Chautauque. These
donations to the company consist OF one fourth part
Of 100 acres OF village property in the village oil
Dunkirk and of 1000 acres Of land within the
limits of the Holland Land Co.'S purchase, and they
were given by the propretors to aid in construction
Of the road The title to the Dunkirk donation il
now so held that it will be conveyed to the compa.
ny in fee, on the compilation OF the grading for
single track from Lake Erie to the west line Of Cat
taruugus Co., by the Let of July next The $4,000
acres held in trust, to be conveyed to the COM
pany on the completion of single track from Lake
Erie to the Geassee river, by the 9th of November,
from S4eJ, 900 to S500,000 Other valuable grants
Of land for depots and stations have been made to
the company at different points on the line one Of
the largest and most valuable Of which was made
by Judge Blauvelt at Piermont *** The COM
pany have selected the route which passes seuther
erly along the side Of the Shawangunk mountain,
from Deer Park Gap to the valley OF the Delaware
river, and thence up the said valley to the mouth OF
the Calicos creek That route was sels cted little
more than year age; previous to that time it was
expected that the road would be constructed upon
the route through the interior " Sullivan county,
ferent officers Of the company 10 the people in the
interior Of Sullivan county that sue interior route
would be selected In consequence Of such assur-
ances and the severe disappointment on the part OF
the people there, by the selection of the Delaware
| route, much excitement and bad feeling was natu-
| rally produced among them and charges of bad
| faith were made. The difference in elevation and
depression in favor Of the Delaware route is l47S
feet, and in curvature il is 1885, degrees; a differ
ence equal 10 entire circles, aud 1881 degrees.
The cost Of construction will be over $500 900
greater, and the distance trifle longer the Della.
ware route than through the interior The improve
ment in the grades, the saving in elevation and
vature, will more than counte radiance those consid-
| erations. The most embarrassing difficulty which
the company 10 obliged 10 encounter on this route,
arises from o necessary close proximity OF the
| line OF the road to theDeawarc and Hudson canal in
con}equence of which a ehancery suit has been in
stituted, and they therefore have it in contempla
ton to ask Of the legislature the privilege Of
ming their road across the Delaware river, and of
continuing il along the valley on the Pennsv lvania
| about l6 miles. The committee recommend that
the request be granted, with such restrictions as
will allow the state to hold and enforce its lien the
state Of Penns yvania Two other questions of 10.
cations are also noticed.
The committee suggests as a means Of protection
to all the interests involved, and especially those Of
the state, the proPriety OF providing for the appoint.
ment in such manner as the Legislature shall direct
Of state directors or commissioners, who shall be
associated in the direction of the company, with
| such powers as the legislature shall deem proper
and necessary for such purpose and Just and reason
able towards the company; and whose duty 1t shall
be annually to to the Legislature the transac
tions Of the company, the condition Of their fnan-
ces and affairs, the progress, situation and prospects
Of the work, and such other matters as may be
deemed necessary and proper. 1t is deemed that
such measure would inspire confidence in the
| company, strengthen their credit and improve the
value OF, and increase the subscriptions to their
stock.
A Deserving ArrrAL.-f merit deserves patron.
age, If energy and industry deserves encouragement
and private worth and talents deserve reward,
then does Mr.. J. H. Kirby, Of the Chatham Theatre,
deserve a crowded house at his benefit night, on
Friday of this week The entertainments will be
found in another column.