The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-11-03
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NONE Y MARKET.
wednesday, Nov. :

The operations at the Stock Board small today,
generally at declining rates stoningon fell !, Ohio 6
1862, 2; Harlem \; Delaware Hudson rose 4; Mobile
funds were quoted at Is.
Letters from Washington state that ent is about
to try the market here and at Boston with the view of OBJ
tanning money on the Government stock. The amounts
peided out by banks this city are very unm
poran ana in the desperate situation in which the depart
ment placed by the falling off of imports under the
arsome strenuous exertion necessary towards getting
money for daily expenses is rather singular that after de-
stroyng commerce by prohbitive tariff that the govern
ment should apply to commercial and commercial
institutions for money to supply its wants. The pro-
liability is that it won't get dollar.
poponement the meeting of the stockholders of
the Erie Railroad from October to Nov. Ia and subse
quenty to Nov Is undoubtedly had other object
than to wait the result of the state election in order
lect men as directors who will 60 with the winning party
The Erie Railroad Directors at page Of their address of
goth April ls42 tell that bill aid the company was
introduced in the Senate by Mr.. Faulkner, and that
from the deep interest manifested by every class OF c
in the construction of the road there is abundant
reason to believe that stock subscriptions of much
larger than million of dollars would have been
obtained if Mr. Faukners bill had passed. They say
not word about the readiness with which that bill would
have passed few directors had resigned about the
"pary policy" which prompted those directors to keep
their seats. On page 8, told, The directors while
theydepore the ghu aud general distress caused by the
defeat ofthis bill, will remit their exerons
tinue the work in progress" Perhaps directors did
seriously "deplore The ghl and general distress which
has BEEN and will be- caused thereby but what to
think OF those directors who, being in the of the
cabal, could calmly sit and exutngly contemplate that
rightful and general distress" being powerful
iliary in securing political capital to themselves and
friends They may well speak of righa and general
distress !" Who produced that distress Who were the
the southern counties the progress that road under
the favorable auspices which then presented themselves
of the release of the millions and subscription of over
million OF dollars" in this city, few OF them would
but resignl The same men who year before broke
their pledge to certain capitalists who then rescued the
company from impending ruin condition that the
family and clique would retire. Yes, when the financial
affairs OF company were rescued from bankruptcy they
refused TO fulfil their solemn pledge.
We will look what this wicked cabalistic fami-
ly intrigue, has cost one million of people-seven hun
dred thousand in and around the southern counties and
four hundred thousand in and around this city. The
structon of the road is delayed than yearthe pr
of real estate in this city and the south counties re-
duced fifty per contour western and northern business
thrown into Boston and secured her fer more than
year-the frightful dapdaon of that road, so far
completed and the destructive tendency of rains and
storms upon unfinished bridges, half built embanlments
scattered materIalsa years interest the FIVE mil
lions spent the workan interest for year the
reduced from the value of real here and in
the southern countesthese things and many more form
catalogue of guilt which towers the skies and demands
terrible retribution.
The Erie Railroad circular OF 10th April says Rely
ing upon the wisdom of the Legislature and reluctant to
discharge the of winter, large bodies of who
could elsewhere obtain employment the
generously advanced their to continue the
bel aid ha
And after the poor contractors had advanced all their
available means and exhausted their credit then five
thousand poor iaborers and their wives and children
IN state oil starvation; when million of dollars could
have been had in this city when the Legislature we're
ready to release the company, few directors preferred
"poca capia or the wages of stations for themselves
and relatives rather than relief thousands of starving
laborers, women and children. In recording these bu
initiating details OF perfdy are, with difficulty hardly
abeo confne ourselves 10 the of language that will
not create popular commson endanger thebodlv safe
ty of these guilty Pipcaying is but chd's nlav
compared with that company sgement Pipelay ino
may DO resored to in politics, but when its practice is a
piled undertaking involving the of one mil
lion of people and thousands poor aborers with s,ary
ing wives and children cannot be carried with i'm
puny. Did the city and country populace thoroughly
understand the "poicy' by which that work has been
delayed, would trembe for the persons who have
cri6ced so much capital and entaed much sery and
unhsppiness upon a numerous population.
In recent article the position Of the shipping
business showing how large proportion OF all the trade
OF the States is done in American vessels stated that
nothing be deceptive than thcstaements OF tom
mage and the number Of vessels arriving and clearing
indication ofthe comparative employment Of American
and foreign vessels The following table gives the guam
tty Of tonnage employed in series of years
TONNAGE ENTERED AND CLEARED FROM rHE UsrEp
american Tonnage Foreign. Tonnage.
Entered Cleared Entered Cleared