The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-12-24
Small Po1 generalIy neglms ,vIth languor
MON EY MAllKE

tuesday, Dec. 33-6 r. NJ
The panic hourly increases The fall to-day was as
large any day within the past two weeks and many
stocks lower than they have been at any time
within the last two years Norwich and Worcester fell
off per cent? Morris anal I; Farmers Loan, Penn
sylvania SIS, t; Illinois 6s 81 Reading Railroad t; Har
lem, q Indiana l.; Long Island 81 Erie and stonngton
closed at yesterdays prices.
At the second board, Canton improved per cent; Sto
nington l; Norwich Worcester, .; Nor il Canal, Il
Canton, 1t; Farmers Loan, / /; Reading Railroad
We do not look for any improvement in the stock
ket until after the first Of January, when 1t is possible
the banks may loosen the they have put upon
the money market in the event of which there will be
advance in quotations for stocks No could
plain OF the recently pu sued by the banks Of this
city, had their object been merely check spec ulaon
in stocks any Of staple articles OF merchandise
but there other ends aimed at The banks free
ly discounted the drafts Of -four spectators at the west
and in this city and they the principal cause by
the oeray with which l)ans made, of the extern
sve movement in flo lr, SC. After having by these
means drawn many into the business and got them
deeply involved they shut off supplies and left
them to get out the best way they could These ins
tutions course, at time calculated to induce
every to expand their operations and extend their
credits, and at another time compelling every
to contract and reduce their movements to low.
est limit; and it about time that these fluctuations
were stopped There be uniformity In the value
ofmoney merchandise long they exist, and the
movements of the banks Of this city within the past
month, have strengthened the position have taken
in relation to the Sub.Treasury Every day convinces
and Of the great necessity that exists for
the establishment of the SubTreasury with all it,
most restrictive features The only the banks
have for opposing this BILL is the very the public
have for advocating IT, and that u.s. the check it exercises
upon the movements of these institute ,ns.
The Legislature OF Connects sometime since grant
ed charter authorizing the construction Of railroad
from Hartford to Danbury, under the Of the New
York and Hartford Railroad Company Under this char
ter surveys have been made and the report Of the com
mee and engineer appointed for that purpose presents
many very valuable and important facts for the consi'
deration Of those interese One route along me shore
Of Long Island Sound has been heretofore surveyed and
its claims presented to the public. but the object OF sur
veying tho route between Hartford and Now York,
was 10 prove that inland route, away from the
competition OF seambo aon would be the most
profitable whio the hn siness would be permanent
This report shows that tho nla nd from Hartford to
New York. will decidedly be the most feasible, and a.
the same time the most Productive route Of the two.
The inland route from Hartford to New York, via Dan
bury, would pass through Ave counties in Connecticut
having population in 1870 Of 2ia59s, containing 1890
factories furnaces ard mills Of all kinds employing To-
Goa PERSONS and manufacturing hats leather, paper,
woolen, cotton, silk and mixed goods, hardware ma
chinery cordago carriages furniture &cvalued at $751;
3Io $40, and employing capital in these manufactures
of 94s7,o73 and in commerce Of s6os7 9s5 These
turns made up from the Of isI0 and great adj
dions must be made for the increase since II will be
that the agricultural products these counties
taken into consideration, Though they must be
large The fact that this section OF the Of Connec
tcut has become rich in manufacturing wealth, with
on, any cheap expeditions mode Of getting their ia
brcs, Sc TO market IL sufficient evidence that with
ordinary facilities Of transporting their products and ma
nuacturcs 10 the sesbosrd tho increase must be very
great.
In Fairfield county the railroad would run for some
twenty milcs at distance Of nbou, twenty Ave miles
rom the Sound This would the whole Of the trade