The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-04-18


~ would still further this city with the val
ley OF the Connecticut Sound its further
remiy more closely than any other movement Roads
are In contemplation from Springfield to Greenfield and
rom Greenfield through New Hampshire and Vermont
All these roads running through Hartford to New Haven
VIII enable US by connecting with the latter city to
cure all the benefits from them that Boston could This is
very valuable line and should receive the attention Of our
Capitalists The connection of the road from New Haven
VIII undoubtedly materially benefit the business Of heIiar
lem road and its receipts The stock of this road
rapidly improving The daily receipts have recently in
creased enormously and every mile added TO the road
either in norherly easerly direction must evidently
advance its vane and income This road eventually
be the termination in this city Of the great eastern line TO
Boston, and the great northern line to Albany must
IN such an event pay good dividends These things can
not, however, be brought about at It will require
time money and There plenty OF capta
laying idle that could if employed on these WORKS hnsh
them at There many different interests at
work many routes proposed In all capital
centered upon any point The disposition
dash into some that will arrive at crisis in
days too prevalent this latitude to allow investments
of large in works that require to arrive at
completion Until this mania for fancy speculations
disappears cannot hope that that and
energy necessary to carry out works OF public improve
ment and private profit will exist The railroads COM
menced ny the capitalists OIL tins city, evidence oil the
truth of our remarks They have been laid out on
grand SCALE but have failed long before completion
Immense amounts have been squandered and spent
travagance and fer every thing else but for the actual
business for which the provided. Until
new system is adopted in the corporated companies Of
this city, shall have railroads. any other great
improvement connecting this city with the East and
North unless the capitalists of New England step in and
take the management in their own hands.
The annexed statement shows the fiscal liabilities of the
Corporation of Philadelphia for 1884, and its means to
meet the same within that period =
FINANCES PHILADELPHIA.
Lohns and appropriations for the year. $500 100
Resources to meet the Liabilities. 3l5, 90
Deficiency to be raised by taxation. .$ls7 500
Amount raised by taxation in l343. .2l2455
Do do do 1912 .24l 1863
~ W 40 1871. .IISiSo
Do do do 1910. ....... 1874 ,O76
This hows gradual decrease in the amount required
to be raised by taxes The falling off is more than
hundred thousand dollars in four years. The tax levied
the assessed value of real estate in Philadelphia
State and county and city uses each hundred
dollars value dollar and twentyfour cents Of which
thirty six cents only for the city expenses The
debt of the city the LIST of January ls OOO
having been reduced s4755O0 within three years.
The semannual report of the Merchants Bank Of
Macon Geo. has just been issued II presents the fol.
lowing comparative review -