New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1844-02-27

tive population anu
| amount is assured. ron
And the result is the sum of ssl,343'ooo DIS
tho total net earnings of the whole road' which
70 eopa, 20 revenue of Is per cent. on the to'a!
amount of Capital.
The revenue that is expected to accrue rom
the TRANSFORMATION of the mails, and which VIII
not probably be less than S1O0,ooo per annuip'
is not included in the above net earnings. Ne''le'
is an allowance made for the increase OF poPuia-
finn The business that must inevitably De
hronoht to the road from the Lakes nor the
ano;nshed expense of transportation as the length
Of the road is increased.
The exports and imports of Buffalo during me
wear ls43, were 100000.
1t appears that passengers can be conveyed
bv this road from Lake Erie to the city OF New
York, in from "a to 26 hours at charge OF Slo
each, and will afford profit of from So to So
that light freight can be transported in the same
space of time, and heavy freight in from 4o to
50 hours, yielding profit at low rates oil Sa 10
$40 per ton Passengers are now conveyed from
Buffalo to New-York during the summer IN from
IS to 40 hours at a charge OF sll 50, and during
the winter by the Housatonic Railroad IN 4O
hours, at a charge of Sl6 both exclusive OF ex-
penses on the road; and from Buffalo to Boston
in sc hours for SIS.
During the six months ending Sept. 80, l843,
5000, 900 quarts Of milk-equal to Sb,ooo,ooO
DER annum-were brought over the Eastern d.
vision of the road, for which the consumers paid
4 cents quart Before supply was obtained
through this source the average price was .
cents a quart an annual saving is therefore al
fected TO the city on the amount brought OF
$3.50 ,OO0 estimating the whole consumption OF
the city at 100000 of quarts, the saving on
the whole would be $320,OOO.
A table is given showing the amount Of coun-
trv produce annually consumed IN the city of
Newly ork, the value of which is put down al
Sl5,500,000.
The whole amount that will be required to
complete the road is ss7,600,000; and with re-
spect to the method Of raising that sum the III
,ectors remark that "the act of lo43 authorses
Tho companv to issue bonds to the amount Of
| So 100000 which resource, however, will not
be an available one until further expenditures on
the road shall make the property of undoubted
security to the bondholders; nor until the means
of paying the interest on these bonds IS found
within the resources ofthe Company" They are
of opinion that subscriptions to the amount of
sc. 600 900 to the capital stock of the Company
must be obtained before any steps can be taken
for the resumption of the work, and that with
such subscription the completion of the road is
secured with all reasonable certainty"
The Board then proposes that the consent OF
the Legislature be obtained, permitting the citl-
zens to decide by their vote, at the next Charter
Election, whether the city Of New-York shall
subscribe to the capital stock of the New-York
and Erie Railroad Company the sum of $1,000
900, on condition that $3000,000 is obtained by
private subscription; that tax of one mill on
the dollar be levied to pay the interest on the
bonds issued for the City subscription which tax
will provide not only the interest, but also form
sinking fund that in less than twenty years will
redeem the debt
the road proves productive TO the amount Of the taxa
UR sae e he @ @ Off
will acquired the 600 Of stock al the cost of taxa
ton I'M 81 @ G BE- assa T il
that can hs raised IN the coan The re-
The road runs within 20 to 80 miles of the
great anthracite and bituminous Coal region in
the Northern Counties of Pennsylvania.
Access will be had from il to the immense beds
of gypsum or plaster, SO valuable to the Agrlcul-
turist and also to the Salt region of Onondaga by
the interior Lakes Of the State, the Chemung Ca
nal and the Ithaca and Owego Railroad
At 375 miles from New-York the road will
connect with the Allegheny River, which is navi
cable for descending freight during the months
Of April and May, and by which route merchan-
die can be delivered in Pittsburgh in about
days
Tables are given showing the immense increase
of late years in the tonnage on the Upper Lakes
and in the amount Of property coming from other
States and shipped at Buffalo and Black Rock
The number of tons of property that came from
other States and was received at these two places
increased from 36,273 tons in 1886 to 224, l66
tons in lS43
The Board, in expressing It's opinion that the
New York and Erie Railroad will afford advan-
tages not possessed by other avenues, and that
its construction is Of great Importance to city,
enters into an enumeration of those advantages
but as they are too voluminous for a synopsis,
the reader is referred to the Report itself.
New TRIAL DENIED-In the case of Geiser
the Supreme Court has decided again st the mo-
ton for new trial, and ordered the Oyer and
Termlner of Suffolk to proceed to Judgment
Sentence of death will probably be passed at the