The New York herald., 1845-09-25
MONEY MARKET.

"euhesuuy, Sept $f-o r. M.
Quotations for stocks the decline. Stonington
fell off today per cent Norwich Worcester !; Read
ing Railroad Ii Morris Canal Ii Farmers Loan Ii Penn
syvania SIS t; Vicksburg t; Long Island !; Canton Co. I:
These sales large at the decline Erie closed firm
at yesterdays prices The subscriptions to the new
stock ofthis company exceed two millions five hun
drd thousand dollars and is anticipated that the ba
lance will be obtained this week. The advance in most
OF the fancy stocks within the past week has been too
rapid and the reaction In prices noticed yesterday
to-day, is only of those things that usually take
place upon rising market.
meeting ofthe New York stockholders of the sto.
nngton Railroad will be held at the Astor tomorrow
Thursday evening-upon business connected with
change in the direction of the Company.
This is emphatically railroad age. The mania for
railroads RACES all the civilized world and before it
dies away expect to perfect nett work Of iron
spread over every country OF any commercial impor
tance The completion of line leads another
SO until every city town of consequence in the
Union, will be connected by these iron bands. The
struction of many railroads in New England and the
efforts made by the capitalists Of that section of the
sy TO extend and connect them with those Of this State
have created spirit of opposition in the citizens Of this
city that will lead to very desirable and important re-
suits. The business men of this city have slumbered
upon this long enough and have at last aroused
themselves to action and we have doubt they will
make up for lost time The geographical advantages Of
this city have given our merchants confidence in the
facilities they enjoyed, that has well nigh deprived them
of large portion of the most valuable trade The rail-
road spirit has taken fast hold of capitalists and
before subsidies the stock of every contemplated rail
road in the State will be taken The subscriptions to the
Erie consider guaranteed to the Oswego Syracuse
the same and will not be long before that to the Atca
Hornersville-connecting Buffalo with the Erie-will
be filled The Harlem Will be extended rapidly towards
Albany by inland route so to connect with the
Hartford & Danvile, when that road is completed. A
road on the margin of the Hudson River is in contempa
ton and several conventions have been held the
route to take the matter into consideration We perceive
that Poughkeepsie has taken the lead in calling
vention of the river towns All the the cas-.
side OF the river, from New York Rensselaer, inclu
sive were strongly represented and Ulster and Orange
on the west sde Appropriate resolutions passed.
and determination expressed to not hereafter give
their support to candidates, who will not agree to
sustain the interests of the river towns and this section
OF the State by granting charter to build road while
the same privilege is unhesitangly extended to all
other sections of the county
That must have good and direct road to Albany,
continued to Lake Ontario the best ground, to
make time with certainty and safety all admit 1t is
work OF the first Importance that the trade of the
west is let down into Lake Ontario with trfng tolls by
the Welland Canal. Boston is reaching another long
to Ogdensburg TO avoid high tolls and trsnsporta
ion through Erie Canal food for the operatives
of her immense manufacturing establishments Tha
she will accomplish this work. there be question
Powerful arguments used to bring the support of all
New England to this road, and they will produce the
qured result The friends OF this northern route ask
the inhabitants Of Boston, and New England generally, il
they arc willing any longer to pay tribute to New York.
all the produce and breadstus which they receive
through her canals, equal to thirtyhve cents toll
every barrel ohour and amounting in the aggregate
1862 the single article of -four brought to Boston
alone over and above freight and other charges 1t
asked if they willing longer to submit to similar
tolls upon the which they send to the west
market; if the business and property holders Of
Boston longer willing to let New York continue to
take large share of the benefits of the trade Of the
great west These pointed questions put forth to
stimulate the people OF the east to action in relation to
this subject. and they have had their intended effect
Toe stock of the Ogdensburg Champan Railroad has
been nearly all TAKEN and the road will be completed as
energy and perseverance accomplish SO de-
sirable an object.
large meeting OF the citizens Of Boston, friendly to
the construction of the Railroad connecting Boston by
the way of Bellows Fall and Rutland with Burlington
held in that city the 22d instant and resolutions
passed unanimously to fill up the subscription once
This road will connect with the Champlan and Ogdens
burg at Lake Champlan. We annex of the
sons given why the road should be built by which il
will be that in all the movements made by the cii
of Boston in the construction of railroads. the
traction of trade from this city the prime principle 60
verning them There are eight reasons given, five of
which refer to this city
Because il would open to Boston the bu sness and
trade OF large and important section of Vermont rich
agricultural and mineral than any other
section Of New England Of equal extent.
Because the business and trade of this section of
Vermont having hitherto gone almost exclusively to
New York. would, by the construction of such road
be secured to Boston, and can be secured in other
way.
Because such a road would be the shortest practi.
cable avenue OF communication between Boston and
Burlington.
Because it is road which recent surveys have
shown be easily and cheapy constructed and operat
ed and therefore by of the immense business
upon its line, in hch investments would
o. Because the construction Of this road would at
once, and permanently, make the city of Boston the
Commercial Emporium OF very nearly the whole state OF
Vermont.
Because the inhabitants of Vermont whose interests
to be affected by this road have testified their desire
transfer their business connections with New York
TO Boston, and have exhibited their confidence in the
producveness ofnvestments in this great enterprise
by subscribing nearly one half Of the whole amount of
capital required to complete it.
Because it is the wise policy of Boston to aid, by
all practicable and honorable means every enterprise
which tends to bring to the business of those sections
country which are compelled to seek other
Because public and private interests combine to
constitute this project one of great importance to the
increasing prosperity oil Boston.
All these movements the part of eastern friends
should stimulate the citizens Of this city greater ef
forts in periectng works of internal improve.
ment. The completion of the oswego and Syracuse
Railroad will give another very important
link in securing the western trade as it will
Offset any competition from the ogdensburg road
In connection with all these contemplated lines
there is one at present very little agita,e cd
or thought Of and that is from this city to point oppo
site the present njudcious and we trust temporary
termination of the Erie Railroad at Permont The Erie
Company by their present charter, terminate OH
his island and is necessary to lay out favorable
route for that purpose There several routes in
contemplation one the margin of the river by Yon-
kers and another is branch from the Harlem Now