The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-05-18

All others $1,000 and under We do not see IN TINS list
the Of largest real estate owners. Where is
JOIN ts...a name Owners of real estate would
be mo city benefited by this road than anyiother
class and set they the last to take hold of it. The
above list looks very well for beginning but requires
an immense sum Of money to finish the work. Most Of
the rail roads this country have been built by subscrp
tons from the middng classes Capitalists lay still until
public improvements are made and then they step in, be-
comearge purchasers if the works prove profitable, and
take out of the hands of those whose energy and perse
verance perfected hem all the works of real utility
Railroads this country must eventually be very valu
able and productive property The monthly receipts of
nearly every road in the country in active operation show
great Increase since last year
RECEIPTS MOHAWK AND HypsoN RAILROAD
Amount received from passengers for April 4a s40 so
" q 1874, 1864 ~
Increase for April, 1874. ........ .$3y637 AZ
The increase this year. since the receipts for
the period last year, reaches nearly hundred
per cent
Eastern manufacturing stocks improv vervmuch
since the new tariff bill laid the table. The
great abundance of money, and the difficulty experienced
in finding proper investments, induces capitalists to take
holdof every stock holding out the prospect of making
fair dividends Railroad stocks have for long time been
great favortes with the Bostonians Manufacturing
stocks have until very recently been avoided account
the doubt and uncertainty relation to the disposal Of
the new tariff bill We quote Amoskeag Manufac-
turing stock at % per cent advances Mermac 80 do;
Lawrence, do; Massachusetts Mills, 8; Boot IL; suf.
folk, IS; fremont IL; York. Is; Hamilton. II, dividend
oD); Middlesex ID Appleton, 8; Perkins, 8, and Dwight
do do; Nashua $500 for $500, and Locks and Canals
1895 for $500.
The tariff question is laid the shelf for at least two
years Every industry knows its position for at least
that tme and this fact alone sufficient to tn
protected by the present tariff must become firmly
established during the time the pemanency of this act in
ensured All parties within the next two years, must
better acquainted with the faults of the
in force and be better able when the subject again
before Congress- to propose just alterations and mod
fcatons 1t is necessary that all our laws regulating
trade and should remain in existence longer
period than they do that the people better under
stand their provisions and effects law that would work
nuriousy for year or two, would in five or ten prove
| beneficial Laws that require complete revolution in
commercial affairs establish must have permanency
the effects annuled The present tariff has been
| in existence hardly two years We yet unable to
point out all its defects and until they known they
not be thoroughly investigated ndremeded Hasty and
premature legislation requires repeated alterations SO
that the people know not what TO expect what to de-
pend upon Capitalists will not employ their resources
in an industry subject TO the movements of political par.
Ties lot s success The present prosperity Of the
| try has been produced by variety of causes. The
little confidence placed in the permanence of the tariff
undoubtedly had its influence in preventing the existing
state Of affairs The agitation of this question, in iCon-
gress since the of the present
sion has also had its influence in depreciatng the value
of manufacturing stocks and restricting the movements
Of the manufacturers. The fears that have long
operated on their minds have been removed, and conf
dence being again established its immediate effect
in the increased activity of this branch Of business and
the advancement in the value of manufacturing stocks