The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-01-05
subject is entitled, and commend it, to your care

subject is entitled, and commend it, to your care
full examination
1t IS understood that the stockholders of this Com
pany have placed in power almost an entire new
Doard OF directors, most of whom reside along the
line OF the road, and naturally feel deeply interested
IN It's completion II is perhaps to be regretted that
the people OF the southern tier OF counties did not
from the beginning keep this whole matter under
their own control and direction. They had deep
interest In the judicious and economical expendi-
lure OF the means at the disposal OF the company,
ana In such direction OF all Its affairs as would
have drawn to their aid and support public conf
dence.
1t is TO be hoped that the friends of this improve
men will see in the exhibit of our financial condi-
ton that there are no means that would justify new
engagements on the part of the State.
=, recommend farther suspension of the sale OF
TINS road, and the enactment of law yielding the
prior lien of the State mortgage to such incum-
brances as may hereafter be created by the company
TOR the purpose of completing the road, sections
OF 1t: The lien of the State mortgage should not be
discharged until the Canal Board shall certify that
the entire road or such parts Of it mayb designa
ted In the act, shall be completed in a substantial
manner and ready for use To enable the Canal
Board to act understandlngy, they should be au-
thorlZed TO appoint agent at the expense OF the
company to examine the work as it progresses. IF
this recommendation should meet the appreciation
OF the Legislature, il Is hoped that the company will
feel encouraged to resume and complete this great
work.
The Catskill and Canaoharie Railroad Company
have In operation twenty six and half miles nt road
# about eleven miles were added to this distance,
which Is estimated can be constructed for about the
sum of $4,000, the road would be extended the
Valley Summit, a few miles from the rich valley of
the Schoharle Creek. | cannot but hope that the
entire road from Catskill to Canajoharie, will event
ualy be completed.
In granting acts of incorporation for the consruc
ton OF roads or other purposes, the Legislature
should reserve such control over the whole opera
tions OF the company, as will ensure to the public the
benefit proposed to be realized.
The public work which has been put under con-
tract, and is now suspended in an unfinished state
consists principally of portions of the enlargement Of
the Erie canal between Schenectady and the west
bounds of the city of Utica between Syracuse and
the village of Jordan between Lyons and the west
bounds of the city of Rochester; at Lockport be-
tween Black Rock and Buffalo and also part OF
the Black River and Genesee Valley canals and
the Improvement of the Oneida river
The work under contract for the enlargement and i'm
provement of the Erie Canal including that which
been completed estimated at contract prices amounts
TO- $l3O26 9l9 81
The amount that has been paid for work done
under the contracts and upon those that
have been cancelled, is $lo6ls3l9 70
The amount due and remaining
to be paid for work done is 2lO,324 Al