The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-03-25

Tuesday, March ass r. M.
There was panic in the stock market to-day, and
rices fell of from to three per cent At the nrst
Board Long Tsland fell Oh u per cent; Canton ~; Har.
lem 81; Norwich and Worcester 81; Reading Railroad
Morris Canal Farmer1 Loan !; Pennsylvania Elves 4;
Ohio Skies l. The sales very large at the decline
Tn ere was slight Improvement In the street. after the
adjournment of the first Board and at the second Board
In looking over the bill now before the Assembly.
granting charter to the Hudson River Railroad Com
psny have been surprised to nnd that there
exist the slightest analogy between the title and The pr
vieges proposed to be ganted and although do not
how many lines Of accomm odation may be este
blshed for the public We nevertheless entertain tho
common sense opinion. that the Legislature has no
right to place any body Of men in position to pass
the established interests Of others.
The bill authorizes the construction Of railroad from
the city Of New York. passing through the counties Of
westchester Putnam, Duchess Columbia, and Rsnsss-
laer ending point opposite the city Of Albany
aud with the consent Of the C,rporaou of Albany, to
erect bridge the Hudson river And the only
srctons in relation to the route to be determined on
are that the road shall not east Of the Eighth Ave-
nue. and Hudson street, be located east Of within
one mile of the Harlem Railroad In wsschsstsr county
When we observe that the line Of the Harlem Rail
road runs at average Of twenty miles from the Hud
River these laudiuaran restrictions bear evident
in the contemplation Of the applicants IL evident
from the fact that they not restricted from running
their road within one mile of the Harlem road In
any county except westcheser Why not say at once.
within one mile of the river-ths would DO fair and
above board.
We are happy however, find that the beauties Of the
Hudson River are not to be desecrated-that railroad
causeways will not be thrown it, picturesque bays,
and that the msestc scenery of the Highlands" may
vet be protected from the ruthless hands Of wild specu
lators.
this system Of inconsiderate Legislation Il to become
the policy of the country-that regard to be paid
to the euterpring exerons Of those whom previous
authority has been conferred hope that some gene
raj law viii be enacted, empowering any individual, or
association to construct raro in any and every d.
rscsion that the Legislature may not hereafter b
charged with special Regulation, In violation Of
previously conferred rights. If such law should
be passed, the public will be on their guard
they will have Legislative faith to depend on
fer protection - and whatever expenditures shall
then made, VIII Dear stronger marks Of indepsnr
dent enterprise and personal responsibility the rak
will have other support than the prontabseness II the
project and the certainty Of success very few improve
ments will be attempted, for general benefits. based
patriotic motives. 1t may bs wise to establish some
general SYSTEM but until this be done the Legislature
should be held involae and should general power bs
granted, ito privileges should not become operative
within the vicinity Of roads already ssablshsd urt
the termination Of their cooperative limits.
We annex statement showing the amount Of revenue
received for duties merchandise imported In the Br.
fish mail steamers arriving at Boston during the last SIX
yesrs:-
DUTIES ON MERCHANDISE IMPORTED IN BosroS AND Lrvra