The New York herald., 1845-10-14

Northampton to Springfield bssn all let to con.
tractors. in thirteen distinct contracts The work Is
be commenced Immediately. and II 10 known to be
light 1t s presume, that the road will be completed be.
fore the close of the next year
The receipts Of fhe Buffalo and Niagara Railroad for
the rst ten days IN October 1874 and as have been a
follows:-
BUFvALs NIAGARA RAnRoAp
Receipts from lst to 10th October, 1885, Al O70 "A
Receipts from ist to 10th October, lsa4. 7se 10
Increase In ls45, 3af per cent saaa II
The railroads IN the western section Of the country
nave peeh much more productive this year than thew
were last One reason for this favorable change in THAR
affairs is the change in the mode Of manauement and
another IS the reduced tariff of charges for the ranspor
stion OF freight and passengers. The w fare system
mas proved TO be the only productive principle upon
winch railroad business can be conducted and several
wnch nave heretofore refused to reduce their
taIn Oh prices have been compelled to do so.
The Raleigh and CASTOR Railroad will be sold at auc
uon TO ioreclose mortgage the 20th of December
next Ihis road is 81 miles long and 0oO of
"hich one-haif was loan, the non-payment Of which
mas caused foreclosure and forced sale. The pay
ments OF the purchase money made easy This road
connects with the Wilmington and Raleigh Railroad
and IS link in the southern line of road connecting the
north and the south. It is stated that gradual increase
It Is anticipated that If purchased at fair price and put
under energetic and economical management it could
be made productive and profitable work The sale will
be made to indemnify the State Of North Carolina against
Certain Liabilities for the company and is hout re-
serve The advertisement in another column gives all
the necessary particulars.
The railway mania has extended itself into eyery sec
tion Of Europe and in the northern part of Asia Mem
bcr OF every class have been influenced by the excite
men and have invested every farthing they could beg
or borrow in the contemplated lines The governments
Of the continent have become interested in the move
men and have gone extensively into the construction
of these expeditions modes Of communication. The EN-
perors Of Russia and of Austria have probably become
the greatest railway constructors of the age and few
years Will suffice to connect the extremtes of these two
Kingdoms by railways. The private railway companies
oil Great Britain and France have already absorbed about
and the stock Of nearly every lne whether
In active operation merely in contemplation ia at
premium There is invested in Great Britain 60 es s2
IN new schemes and f72e0273 in lines before Parlia
men not yet passed. Internal improvements in Europe
have not been carried to the extent as in this
country and the people have not therefore, suffered so
severely from too rapid expansion of credits from this
cause We have expended nearly three hundred mil.
Lions OF dollars in works Of internal some
OF which are unproductive, in unfinished state
and some perfectly useless. At the time the Immense
debts Of some of the States were the
for canals ragged nearly high in this county as il does
now in Europe for railroads Many of the canals built
with the money loaned by foreign capitalists will in
short time be rendered almost valueess by the construc.
tion Of railroads running in their immediate vicinity In
Great Britain 1t is in contemplation turn several ca
mails into railroads. and Of private canal compa
MES have in contemplation similar movement but our
State canals that cost such immense amount cannot
undergo this change and eventually become less
productive than they now The railroad mania is
steadily spreading this country before it sub.
sides the most thcky populated districts will be cover
ed with iron roads, Our capitalists are very shy and
touch all works of internal Improvement cautiously and
guardedy; rich men rarely willing to part with their
money unless they see certain return It is the mid.
ding classes that comeorward and these works
and when they become profitable the capitalists step in
and secure the stock investments. There are very
few unproductve railroads in this country Even those
built at the greatest expense and under the most una
vorable circumstances will prove profitable invest
ments. Such has been the Improvement made in build
ing railroads. from past experience that the lines re
Gently constructed have than half as much
per mile those built many years ago. The most we
have to fear now is competition from rival routes and
find in sections of the country this difficulty al
ready in existence.
We annex table giving the gross receipts of railroad
companies for the years ls43 and 1884, and up to the
latest dates in s45 for the purpose of showing the in
crease from to year. and the probability of these
roads becoming in few years much more productive
than they are at present: