The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-11-18

The advance In stocks Is very general but in none IL
the improvement more pleasing than in the railroads
This is, hope but the of apermanent
establishment Of this description Of stock in the minds of
capitalists Companies striving obsin charters
to commence some route, to leave half made up
Why not the magnificent plans formed by companies
that have already commenced their roads In the vicinity
Of this city carried out7 Why they left half finished
after outlays1 because they do not pay
for that has been fairly proved. is be-
capitalists not used have their
locked up in any long enough perfect and
test its producveness It is also because the moment
railroad, any other stock in the Market the
bears of Wall street pounce IT, and short time de-
soy every particle of confidence the public had in
it, It'll finally because such stocks in nine out
of ten merely created for speculation and speculatio
soon sucks every drop of blood out OF them.
As contrast to this unfortunate reality look at the
railroads Of New England with what en- per-
the capitalists of those States have perfected
their miles ofron snews, the strength of which binds
geher the different interests Of that part OF the country
they have completed their roads to the free waters OF
Long Island Sound and it for that broad sheet
they would have laid down their iron rails to our very
doors Within distance of fifty miles the Sound, we
find the termination offour railroads. viz the Stonngton
the Norwich, the New Haven, and the Housaonic, at
Bridgeport These roads met by Of the sub
stsntia boats that the Sound from this cy but in
mid winter the navigation these waters is stopped and
that fact leads us to the resort in that extremity.
It is very strange fact that of all the raroadsd i
vergng from this city, not is extended far enough
into the interior to draw out its wealth. to serve
communication with the most valuable and important
sections ofhe surrounding country We begin with the
Harlem; why has not long and long ago been
ed with the western at stockbrdge1 Why has it been
suffered to nearly destroy itself after the expenditure
an immense sum, when a trihng amount would have
connected 1t with other valuable and
enabled it to have paid handsome dividend its total
cost Why not connect the Paterson Road with the Erie
aud thereby throw open tn. great riches Of the
the year round Why has the Long Island Railroad lain
dead SO long2 road that promises favorable
suits rightly managed than any other in this Union
ming through country whose sufficient to
pay the road aonea handsome dividend The safest short
est quickest, easiest and cheapest route between New
York and Boston, road that will command than half
othe travel most of the year, and nearly all during the
winter. Thecharter Of the company controls the whole
island, is perfect monopoly; and yet with all these
great advantages has hardly been heard of for several
years past. The returning prosperity OF the country,
the abundance Of money! profitable results; the
pleton of this road guarantees have again brought the
affairs of the company before the pubic its stock eager
ly sought AFTER and gradually and think parma
nently. settling down into serl stock that will com,
mand the capital of sound hrewd and intelligent
The condition of the company published short time
snce lis before the public. The authority Of its details
be by any individual The estimates based
good data and made far within the limits by
safe caculators.
There 80 600 shares of stock issued to the public
according to the last report OF the company upon which
there has been paid $40 IS each. 0s7, 500
Add the present debt .............. 277, 900
Add the estimated cost to complete the road 24