The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-02-11
Navigation 81 llls 0hi8 Rlysy.

Navigation o. sils ehls Risv.
cis s.sss: -! p:s :. ......a sss, A''
Louisvills Feb 4. Ill feet inches
Wh:sling Jan a. ssst , iuchs: n channel
Pittsburgh, Feb. o. bet ful and ieliing
MONEY MARKET.
Tuesday, Feb. lO-6 r. M.
The stock market Improved sghtly to-day 1t the art
board. Harlem went up Norwich and Worcester l
Morris Canal =, Tsrusrs' Loan Psnnsylvsnis 80 I;
Long Island II Canton Reading Railroad Il vicks-
burg per cent. Intelligence from Washington. states
that the notice resolution" had passed the House BY
majority Of one hundred and twenty ak, giving the
President sonary power to give the notice. at any
time during the Of Congress- not known until
after the Hrst board adjourned
Az the second board quotations improved several per
cent
The fremont Insurance Company, Of Boston, have d.
clarsd dividend Of i've per cent payable demand
The Bank Committee Of the Assembly Of this state
have reported bill, requiring the banks to make semi
monthly reports the Let and 10th Of each month"; and
quarterly reports Of averages This bill 60 heart
and soul and the Legislature Of this State would psss
such bill this session, would have very important
influence upon. the banking movement Of the whole
country and give this State Of the most perfect bank
ing systems 10 existence It. most astonishing that the
Legslstsrss Of this STATE which have often been de-
mocratc In both branches have suffered the banks un-
der their control and supsrvsion continue 20 long
without any more restrictions than they under
Opposed to any very great expansion in banking gene
rally u matter Of much surprise that the democratic
members Of Legislature have remained quiet 20
long, while the numerous banks have riot upon any
course they have been disposed without restraint and
without regard to the influence any expansion con-
traction may have upon the commercial casses bust
generally. The bill introduced by Mr.. Lawrence
OF the Bank Committee will, il should become law,
place the banking Institutions Of this city and State in
position whore they should have been placed many
ago. The quarterly reports made by these banks are
perfect farce. they than nothing, and al
teraton required-soms change not the removal Of
single restriction bat increase in them. The semi
monthly reports required by this bi with the quar-
erly averages will do every thing that is necessary to
keep them in order, and to sustain uniform movement
from year to year II might, perhaps be well to COM
pei monthly reports, with quarterly averages, a. semi
monthly the confidence lave in the average sys
tenn great that the monthly semimonhly reports
would be but secondary confederation II the msm-
bers of the Legislature Of this State could feel little Of
the restrictions the banks Of this city put upon the money
market regularly, just previous to making out their
quarterly reports they would not hesitate long about
making the proposed alteration in thspressnt system
We the minority report of the Committee on
ing charter for the construction OF railroad the
bank of the Hudson river II is very short but to
the purpose. and many Of the reacons given why q
charter should not be granted convincing and I'M
snswerable.
The minority Of the Committee on Railroads. to which
was referred the petition to incorporate the Hudson
That he dissents from The majority Of said committee
who have reported bill to incorporate said company
'oI the h following ,mSng other re, reasons
railroad between New York and Albany which must
necessarily interfere greatly with the road in the
active progress Of construction, BY the New York and
Harlem Railroad Company and probably retard and de-
lay the completion Of that road
This State has chartered two railroads between
the points, and ought not to do until was
found inadequate unwilling to accommodate thewants
of the community.
The Harlem road appears by the report of s di.
rectors for the present has 81 miles of road ope
ration % miles more IN course Of construction be
finished next May and so miles surveyed, stsked
out and ready tor the contractors upon %
soon es the SESSION will permits and the is every Ieassr
therefore, to believe that in two from this tme
not impsdsd by opposition, they will complete tAsis
road to Albany.
l. Rival roads between the great points Of ter.
mination, must necesserily compete with and njurs
each other and capitalists will not be induced
net ton will either from benr 0e
As between the two companies, the Harlem has tho
strongest claims for consideration because they have
enterprise, and can complete the road In two years
whilst a. yet the new company has expended nothing
lars in two years. upon road which they estimate will
gives the most extraordinary privileges OF constrnctnr
the proposed road the bays, nlets creeks and
river, between New York and Albany and 4
to the owners Of the adjoining and no provision
!: mad. for comPensstng the Of lands upon the
which will be cccasioned thereby.
The Harlem Rellrosd 10 to through the interior
Of the counties Of Winchester Putnam, Duchess and
Columbia, creating thereby direct COMMUNICATION
with the city Of York Of which the citas u Inst
margin Of the Hudson Is through vicinity which can
Justly boast the magnificent and unequssd highway Of
DoCs sna Yin ss q
delayed for the general benefit the porponsmsnt Of
road along the river must bs the least inccuvsDent
a railroad between New York and Albany At the earliest
practicable period and obstacle should be created
act passed in May last go - ''s'''' = = ~
draw
bay: and rivers and especially by tunnels must be
vsrk Of enormous expense and great delays and the
large sum will require to construct IT, probably
be raised the interior road 10 completed it'll which Il
must compete. we'll with the stsamboats tsvbos
ceed would b many years before could surmouns
10. These, and similar considerations, induced this
House last to pass the act to xssnd the Harlem
road to Albany, and to reject the bill Of present
Ss o T poss
affords the strongest evidence Of the wisdom Of that de-
cision All which 10 respectfully submitted
This report must have very important influence upon
the minds Of legislators The interior are e.
titled to railroad and the New York, Harlem sns Ar
bany Railroad Company, WILL in short time, yasv rs-
csivs that support from the Legislature they W entitled
to- give these towns rapid and economical CONVEYANCE
ohe citiesiof New York and Albany, at all seasons and
Of all times The river have large norton al
the year. Of most magnificent hiub~ Az. q, ~.
world they daily and Of the PRINCIPAL towns
twice day, visited BY the most steamers In
the world and the people Of III places enjoy facilities
for getting to market far regards and
economy greater than the towns Of tho interior can sx
pect from any railroad Two railroads cannot be com
peted to Albany ths Hudson River Railroad Is char
tered becomes matter Of much doubt vhsther sithsy