The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-09-11
FALL FASHION-Is45-
FOR GENTLEMEN HATS.
Introduced the 30th nit, by
sl0 6tm LEARY& CO., 4 Aston House
MONEY MARK EFT.

MONEY MARkET.
Wednesday, Sept. IO-6 p. M.
There very general Improvement to-day in quo
taons for stocks. stonngton went up per cent Nor
witch Worcester Ii Reading Railroad l; Morris Canal
Il Farmers Loan Ii Long Island !; Ohio 6s I. Erie,
Canton, and Harlem closed firm at yesterdays prices
very fair amount of business transacted at both
boards to day.
The subscriptions to the Erie Railroad to-day reached
about one hundred thousand dollars
The receipts of the Reading Railroad Company for the
month of August in the past years have been
annexed
PHILADELPHIA AND READING RAILRoAp :.
7s -; sssiss s'ssn slSy,aSs'l
The income of this road still continues at the rate of
about million of dollars per annum and the quantity
Of coal transported exceeds the most liberal calculation
The official weekly and monthly reports OF this company
exhibit state of affairs sufficiently favorable to annul
the efforts of the the work dcpress it, and
its stock is sustained in the market firmly other
Of the kind. All stocks depressed, and railroad
stocks feel the depression with the others.
The State Treasurer of Pennoylva has issued
other circular to the Commissioners of the several
ties in the commonwealth, calling upon them to use
every effort to provide funds to meet the semannua in
teres due on the LIST of February next The nett amount
Of taxes due for this and the preceding years.
about 81 O00 and the Treasurer wishes to be dis
tnctly understood that this be paid before
the second Tuesday in January next
The political and commercial world to be at stated
periods moved by general mpulse,and the different
movements have their day and lost The CONNER
ca world has been subjected many and great
WILSON'S and revolutions the political world, and while
the latter is apparently and at peace immense
change affecting the former is bringing itself to a
cisis. Some of the most desperate speculative
have spread the world This portion OF the
globe has not by any MEANS been left alone in these
will allou tIap has hoI
bubbles, and their explosions spread much embarrass
ment in their similar operations have in the
world II must be admitted that with the existence
In this country of many specializing dispositions with
many materials to get up fictitious and worthless
companies, the mania has been confined to very
limits compaI ed with of the bubble stocks of
rope.
We have had our land specuations, wool and
ton culaons bank fevers canal fevers and
many other evers Of similar nature-bu the railroad
fever ragged extensively before does at this
moment throughout the principal nations Of the world
In this country railroads contemplated in every d.
recton and to enormous extent. In New England
alone th.re railroads about being commenced in
voving outlay of at least thirty millions of dollars In
this State several lines in contemplation, the
completion of which, with the extension Of some o.
those partly built will involve expenditure Of at least
twenty millions Of dollars This is emphatically rail
road and while the excitement lasts before the fever
reaches Its heghth and breaks many OF the original
stockholders will be broken but many of the lines will
be completed. Some of them will be built up the
ruins Of many Of those who invested their funds with the
greatest confidence anticipating a dividend
from the start. This is, however Of the results
Of all such investments. There never stock com.
pany brought into existence in this country but that
Of the original stockholders losers to
extent particularly in companies where it required
voral years to get into active operation Evils Of this
pata drou vhack IN Tho IF uirno
works they likely to happen at any time and in
the safest investments Tmid holders of government
stock submit to sacrifices upon the first ALARM thout
waiting to whether real false andwe
poet stockholders in have
confidence than in others Railroad stocks in this
try have been favore: Investments; with few excep
tons they have all been large dividend paying invest
ments, and have from year to year. been steadily i'm
proving in value and in producveness Intimately
nected as these works with the advancement and
prosperity of the country they must together and
aid each other The country become
most rapidly developed by Of the rapid commun.
cation these iron roads between the remote
sections and in return they reap the benefit Of the pros
pery they have been such important agents in produ
cling. The most Improbable and desolate sections O
the country have been brought into cultivation and made
productive in an incredible short time after the first
snort OF the iron horse resoundcd along its wastes
villages towns ana cities have risen along the lines Of
those roads though brought into existence Nv tho
wand OF a magician. An immense increase of poppIa
ton has followed the completion Of these works in every
section of the country The of cutvang the soil
and bringing forth its products has been reduced and
the feel the benefit of this system of ironnet
work In the chespness OF food and the general album
dance Of the necessaries Of life.
OF all the railroads contemplated constructed, there
Is no one bearing such important character through
out its entire length the N. and Erie Railroad The
eastern termination, into the commercial emporium Of
the Union the principal market for the products OF the
country gives the road once position and impor.
tance 10 oher one can command. The western termi-
nation on Lake Erie. is of the description
Tor securing the western trade, and cuts off completelv
all attempts TO attract to Ogdensburg The line Of the
road laid through the southern tier Of counties in this
State, with the exception Of slight bend into Pennsvl
vans for the purpose of avoiding unvorable consruc
ton and to intesect the rich sections of coal in that
neighborhood. The wealth of the country through
which the Erie road will pass immense but
ped There being communicat with the seaboard
the resources OF those districts have been brought
out and VIII spring into activity the moment means are
provided to develope them. The Erie Canal has bull
up along its entire Icing towns and cities equal 10 hos
10 other section othe country and the Erie Railroad will
do for the southern tier Of counties in this state whit
the Erie Canal has for the tier What was Buff
fao before the completion Of the Erie Capal7 II was
small village of only about 1000 souls it now
population Of 2s,3d6 souls. What was Rocheser sv.
cuse and all those places that ere now 90 large and
prosperous before the ssmplston Of the Erie Canal