New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1845-04-08

E.ceSS III lhi' "~,i"' ="
Ii viii be noticed very favorable feature OF the above
statement as per cent the earnings local and
are be, ond the reach of competition This is great ad
vantage possessed by the Norwich Road that ii its whole
Boston and New-York passenger business should be des
troycd By The opening Of shorter better route its local
business would still te sufficient 10 support IL
The late decline in the Price of Pennsylvania Is
is owing the circulation Of that the Treasury
does present very stte.ns aspect in regard 10 the
August payment 1t would TO be rather early yet to
form an OPTION the state Of the Treasury III August
but it is confidently expected IN quarters likely TO have IA
clIties for making mp sound Judgment that there will be
large deficiency in August. II is stated that the prospects
from the Public works dscouragng the
cep,s March having been s6s000 agains, S75oOG last
year. 1t is also stated that the Assessors in various Coun
ties reduced assessed value Of property sufficiently
to counerbsance the increased tax for si5 that The
amount collected will be but little larger than last year
-Four hundred thousand dollars IS spoken OF as being the
amount in the Treasury the ls of August 10
meet payments OF 100000 Should there be any ounda
tons for these assertions, sincerely regretted that
the Taxes should not be laid sufficient amount TO an
tain sister State and we trust that some.
thing done by the Legislature TO avert the ap-
pretended difficulty. We think. however, that the expc
rlence OF single month the Public Works scarcely
=
aud the reduced assessments may have been put
afloat by interested parties at Harrisburg.
Mr. EIlel's pamphlet, The Reading Railroad
Company by Charles El,et Jr" to which referred yes
terday have read is composed chiefly of the
same statements arguments and conclusions which he need
In his former publications strong i'll its charges against
the Reading Railroad written with sar-
castle courtesy language and repeating the prophecy OF
the carly extinction Of the Road. When according TO Mr.
Ee this takes place. and the loan IS obtained Tor the
Schuykl Navigation Co. the latter secure TO themselves
for ever the monopoly Of the entire trade, The Coal
carving trade Just now however. the Road is doing the
most OF it. The whole OF Mr. Eets argument rests upon
the implication fraudulent ccncealmcnt OF expenditures
OH the par the Officers and Directors OF the Reading
Road the granea is that large portion of the cost of
transportation has been smohered by hocuspocns IN nc
construction account and that the depreciation Of the road
Is about equal 81 IS per ten on the coal transported
while the actual cost OF transportation is estimated by
the managers the road about ~ cents As this Is
matter o. veracity Mr.. Ellc and the Reading Dr.
rcctors and Officers and having netcod OF ascer-
tanning the correctness The Reading statements we must
leave the question With those who know the parties better
than we do Mr.. Elet wished to notice lis pamphlet.
! and VIC have done SO.
We hear that the Navigation Co. have concludedo COM
cnce their enlargement when they can sell ocoOo ofthe
six per cent bonds so per cent and proceed to contract
for labor &C. payable half in cash and haf in bonds VIC
should think this pretty way of falling in the mitd
of the new work having pulled the old one to pieces
At any rate our NewIok experience in enarSing Canals
is that II you get, start with, all the cash required by
engineers estimates in the end as much mere Will be
needed How then, is it likely 10 be when commencing
AN expensive work such the Schuykil Navigation En-
argcment with less half OF the cash called for to do
Il? We apprehena The Canal VIII he no better for being
medded with IN this way.