The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-08-07

will be remembered that the increase In tolls has been
almost altogether in spnens Of produce as tho imports
of into the interior have been smaller than
usual arising from the fact that the profits produce
have been too small to permit the OF goods from
adding thing their usual supplies the pre-
sent low prices The Atlantic border overburdensd
with money which will inevitably and find its way
into the interior and the present restriction upon trade
being removed the whole business Of the country within
mensely improve, carrying up prices and the value Of
property and involving the ultimate payment of all the
State debts, as necessary consequence.
There can perhaps, be better illustration of the pro-
gress of affairs in the United States than presented by
the case Of the Harlem railroad Company The Compa
ny was got up at time of great stock excitement,
much 50 that the greatest competition existed for its stock
at $50 per share. The work on and completed
from Broome street. in the Bowery to Harlem
nous cost. The Company was by means exempt from
the universal extravaganza which pervaded all financial
matters from the Congress of the United States to Well
street editor The population Of New York; at that time
was aos0oO inhabitants all kinds Of supplies extrava
gantly high Railroad iron in England was Ell s. per
ton, or $56, with a duty of $25 per ton. The
railroad stopping at Harlem had no communication
with any place. The line of the road was not set
tied and the whole dependence of the Company was on
little pleasure travel The extravaganza with which
the Company managed brought il into Difficult.
ties. In 1910 the rails were laid through Broome and
Centre streets The money for the purpose obtained
from Wall street capitalists by issuing the stock of the
Company at so per cent. This transaction promptly
exposed The value the stock then 65 per cent in
the market From that time followed the road
mlttngly through all its twings and turnngs On the
Goth August, ls4l, we stated as follows
Gin another column will be found call for meeting
of the stockholders OF the Harlem Railroad Company
The object is to appoint committees to investigate the
actual position of the Company and to take to
preserve to the that which remains of their
property What security exists to capitalists who SUBJ
scribe and pay $50 per share the stock this Company
he officers assume the right to issue as much as they
please the next day at any time, at $40 per share? Is
this direct fraud the bona de stockhodsrs2 1t
said that 1000 shares are
Bank and 5000 issued 10 John Ward Co. for
so per cent the dollar Here is 5000 shares which
might be controlled by the officers The iocrease Of the
number Of shares for July 1885, to June $780,
which there been issued 1900 during the past year.
and during the period there has been published in
the daily papers statements Of increasing
ceipts the road II these published returns true,
wha. have they done with the money! The ertention of
their roqd Ito While Pain) wik cos: 5000 O0O aud yet
provided; but kind OF subscription is to be
raised Oh mortgage in the Ese OF the President as fol-
lows =