The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-09-25
Navigation OF the Ohio River.
nlONEY MARKET.


There was fair amount Of business done in Harlem,
and Norwich & Worcester to-day, at slight improve
ment in prices The former went up u per cent andthe
latter a. Long Island advanced ~ and Pennsylvania SIS
u. North American Trust and Morris Canal declined
T. The market continues rather feverish and prices
very unsettled.
At the second board there a further improvement
in Norwich & Worcester, and decline in Harlem, CON-
pared with prices current in the morning
The Hartford s. New Haven Railroad Company have
declared semi annual dividend of three dollars and
half per share, payable to New York stockholders at
the Union Bank, the LIST Of October.
vigorous movement in favor OF the extension of the
Baltimore and Ohio Railroad appropriate station
the Ohio River, is showing itself in the benighted
Ancient Dominion which bids fair to have its proper in
uence the Legislature. especially as the representa-
ves elect have been chosen with direct reference to
this important end On the 25h of Sept (Friday) con-
venon be held the Of Western in Western
Virginia, composed Of delegates from every section of
the State to determine what onght to be adopt
ed the Baltimore company such right of way
will be most acceptable to them The enterprising
men of Western Virginia satisfied that the
structon of railroad through their neighborhood
not be otherwise than advantageous casing the expen-
diture OF millions Of money. and securing TO them
rent of business the value Of which is impossible to
estimate If the terminus Of the road be at point
where navigation is scarcely interrupted, the pro.
duce that will be transported from the Great West
judiciously constructed road have Limits and
such the natural consequences Of trade that the
country through which passes must always participate
In the general benefit Were it more certain that rail-
road would be constructed from Cumberland to the
Ohio. the tide Of emigration would set in that direction
giving value TO Virginia lands, almost neglected by
securing population of hardy and Industrious cha.
racter.
The return Of the Hon. Lewis McLane to the presi
depcy Of tho Baltimore and Ohio Company is generally
considered favorable for the introduction of
greater degree Of energy and good management in its
affairs in both Of which qualities there has been recently
q very sad deficiency, want Of regularity, an over
reaching policy extremely detrimental to business, and
total neglect of the comforts due to the travelling pub
lie. The character Of Mr.. McLane affords ample qua
raniy that reformation will be introduced and travel
lers will henceorh find such respect paid to their ac
comnodation as will remove those objections which
have heretofore compelled them, in selfdeence to seek
crcuitous routes. The present terminus OF the
road is at Cumberland and notwithstanding its arrival
at chat important station, within twenty miles Of the in
valuable mineral regions Of the Potomac, confidence
have abandoned their further progress but as
this may have been produced by the contract
Cd eaousies of the Virginia Legislature we hope soon
revival OF the company's energies when the le
gisston of hat interesting State shall respond to the
enlightened policy which influences the action of every
other section of the Union.
We are much gratided to find Mr.. McLane at the
head of this enterprise knowing that he will not cease
his exetons till he has effected the great object in
temptation the connection of the of the western
world with those OF the Atlantic; and by the completion
Of this most important link in the chain of internal i'm
provements, have brought the most distant sections OF
the confederation into immediate contact, and friendly
intercourse II he shall succeed in these laudable
deavors the reputation of his domestic usefulness will
suffer when contrasted with the reaown and disnc
ton which happily crown his diplomatic services
The past, however, must be esteemed by him only
fduciay Of the future. The eyes Of enterprising
nation are him, and in proportion to the interests con-
nec,ed with the extension of the Baltimore and Ohio
Railroad will his exertions be appreciated In withdraw
ing from the statesnans career and assuming less
spcuous position, possess sublime evidence Of the
humble beauties OF our republican institutions in which
we contemplate the dsng ushed civilian rendering him
self useful in the less imposing walks OF common liie
To remove some of the complaints alleged against the
road, would suggest the proprety of introducing the
improvements which have recently been made in the
smoke pipes of railroad engines of procuring lighter
passenger cars reservng the cumbersome ones now In
use for winter custom, and by reconstrucng that por
ton of the line which is laid with fiat rail, give
greater security and accommodation to the pubic. IT.
as is believed from the experiment made the Harlem
road cast iron bars may be employed perfect sub
tute for rolled, then their will not only cause much
economy in the expenditure, but will secure to the
American manufacturer unrivalled control of the
market especially the from which csstiron rails
should be made must be of a superior quality TO that
used in Europe where it is less abundant and more diff
fcult OF procurement.
If take the coal business of the Reading Railroad
any criterion of that Of the Baltimore road we should
estimate the revenue from that alone as more
than adequate to discharge, within reasonable period
every obligation which they may have to contract
leaving, for the stockholders, sufficient surplus to
make dividends not less satisfactory than those Of the
Delaware and Hudson Company, which, with every
prospect of improvement, amount to ten per
semi annually. In addition to the twenty five miles
which viii take the Baltimore and Ohio Railroad into