New-York daily tribune., 1844-03-07
Sexx-York and Erie Railroad.

the West, and affordng access to the present uil-
productive Southern portion of our State, as OF
incalculable Importance to the city of New \ ork'
1t is evident, from statements presented IN t'e ia'e
Report of the Board Of Directors OF 'he Ne"-
York and Erie Railroad Company, that our wy
has already been greatly benefited by 'he seo'''
| of their road now in use 1t commences on i'e
Hudson r;ve- al the intersection of our State line
with that of New Jersey, and extehds 10 niuuie
town. in Orange county-a distance OF % miles,
The number of the population OF this area does
| not exceed 10000, and yet owing principally to
| the transportation of the large amount OF the
nccessaries of life which it furnishes US, it has
produced net annual income of more than S4o,-
O0O BY this additional supply OF articles of daily
consumption the expenses of our citizens have
been considerably lessened. Ifsuch be the effect
produced by section of the road only % miles
in length, does it require the eye of prophecy to
foresee the advantages that must necessarily be
derived from an extension of the road to the
Western extremity of our State The whole area
of country--including our Southern tier oi coun-
ties and "a portion Of those on the North line o
Pennsylvania that will be tributary to this road
is equal to about II 600, 900 of acres. At present
these counties are almost inaccessible to US
Their vast forests susceptible of being converted
into rich and productive farms, lie neglected and
uncultivated. Their numerous streams, whose
falls should swarm with manufactures of every
description, flow on unheeded by civilization
Where thriving villages and the busy activity Of
innumerabe communities should be seen the wood
man has never yet welded his axe. Such is the
condition of country, which, with proper facl-
ties of communication, can be brought within a
few hours ride Of our city; a country fertile in
its immense forests of lumber in minerals with
which it's vast beds of ore are filled, and in the
fuel with which its bituminous and anthracite
coal mines abound. That our citizens possess the
means Of creating the necessary facilities OF inter-
course with this rich region, cannot be denied'
and proportion to those means the sum requisite
is after all but trifing in amount.
The whole area of Massachusetts, Connecticut
and Rhode Island is one.thrd less than the sec
ton Of country to which the New. York and Erie
Rail Road will give us access, and yet those
States have expended S25,O00,000 in the con,
struction of Rail Roads. If further inducement
be wanted for sustaining the Directors of this
Companyin their plan for raising the necessary
capital to complete the Road, than the benefits
that every inhabitant of our city will derive from
it, we would again refer to the estimate that has
been made of it's productiveness to the Stockho
ders, an estimate SO liberal as scarcely to be con-
sidered speculative 1t is therein shown that the
Road will produce annual dividends of Is per
cent. without including the profits on the trans.
portatlon to be derived from the Lakes or for the
carriage of the Mails. Such is the nature Of the
Country North and South Of the Road-iine that
no successful rivalry interfere with this IN
come, and it must naturally increase Money is
now abundant, every interest is in thriving
condition, and never has our city been better pre-
pared to meet the great question, Shall the
New York and Eric Rail Road be completed? p
WHAT IS THE DIVIDEND "A gentleman from
Boston states the case thus: owned real estate
in the City of Boston which cost me 10000
come of this property was under 4 per cent. per
annum, or about $1,000. When called upon to
subscribe for stock in the Western Railroad, after
carefully examining the subject concluded to
subscribe to the amount Of $4,000, charge the
whole sum to my real estate account, and see II
could not get more than Al per cent. on S40, 600
instead of $3.50, 1000 The result is that / now
ceivc for the same property $2,5OO per annum,
and if / had seen proper to change tenants
/ would actually have received ss3,l for the
same property this present year.
Query? How much will this Boston gentle
man ose even if he never receives more than one
or two per cent. dividend on his $4,000
Our COMMERCIAL INTERCOURSE WITH GREAT
BRIrAlN.-The Report on the Commerce of the
United States, made to the American Institute
by a Committee charged with that duty, consist
ing of Gen. TALLMADGE, Gen. CHANDLER, and
EDWIN WILLIAMS, is, we learn, much inquired
for The edition published by the Insti-
tute is exhausted, but we have embodied the
whole report in a Tract published at this office
where it may be had, or of our agents, at $l4
per hundred, $40 per thousand. We commend
the perusal of the Report TO all interested
in the subjects of Commerce, Agriculture, and
Protection to the Industry of our Country. It's
simple statement of facts of general Importance,
but the naked truth is a powerful argument
Daniel O'Connen.
The Committee Of Arrangements for the repetition
by Rev. Mr.. GILES of his eloquent and discerning
lecture on DANIEL O'CoNNELL, met last evening at
Washington Hall, and adopted measures for secur-
ing the Tabernacle and an audience commensurate