The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-01-29
n1ONMY MARKET.
Thursday, Jan. 2S-0 r.

mONMY mAHkEV.
Thursday, Jan. 2s-6 r. M
The tendency of prices s still upward The sales con-
tnue large Long Island advance * per cent; Norwich
and Worcester, Morris Canal. u; Reading, IN Har
lem, u Farmers Loan, 4 Canton q fenna So, fol-
OF u
At the second board, North American Trust improved
"a Morris Canal, 1 Reading, y Harlem =; NOT
witch and Worcester, x East Boston dividends, y.
The steam getting up, but it is not generating too
fast 1t is expected that the highest point Is some DIS
lance ahead, and that the fancies will be carried up
several per cent before the turning point Is reached
The immense addition to supply Of specie recently
experienced, and the great probability ~eicn sxsts
that future arrivals of steamers and packet ssps VIII
add largely to it, has relieved tho money market,
and given much confidence to those engaged
in all kinds Of business, that prices for every
thing must be much enhanced our general
prosperity increases. The packet ship Hendrck Hud-
from London has board about ESQ 600 in gold and
silver and several packets nearly due have large
amounts board 1t is pretty generally estimated that
the importation Of specie will not fall far short Of Tsipe
Millions Of Dollars.
According to the latest official returns Of all tho banks
In the United States the aggregate amount Of specie
hand only $40 012 O95 therefore appears that
the tide of precious metals setting this way from Eu-
rope, high anticipated the addition to the sup
ply will bs equal to nearly twenty five per cent of the
aggregate in the vaults of the banks Our orsulat
log medium will be much improved in value by the
large amounts Of specie rsscbing our Shores and the
volume ofcurrency much increased afording facilities
for the extension of all pursuits.
Mearson's Bank Note Reporter, gives the annexed
statement Of new counterfeitsa-
u.s. Merchants Bank Boston. Paper bad, and engrav
ing . No Sos T. 81
boat at bottom cupas right hand margin; figure with
los. Columbia Bank and Bridge Company, letter 4,
No 74s, payable 4. B. Wright July 7, le44 on right
hand margin the figure Of Lafayette with hat and cane
on the left end at the top steamboat in the dstance,
two hgures in the foreground Paper Light Dut oaeu-
lated to deceive.
The millions of wealth lost to New York, from the alb.
sence Of railway to Albany, to have had no other
influence than darken still more, the gloomy horizon
Of our future prospects; for such the sefwied pre-
JUDGES of few leading individuals, shat they would
rather sacrifice the public good than yield their ereten
sons to sagacy to the dictates of common sense.
If our citizens have not already rendered themselves
the subjects Of rdicue in the absurd diculties which
have attended the construction of railroad to Albany,
preparing the ground for series Of foiisss
which have other issue than to expose tho COM
mercia emporium Of America, to tho dersion Of the
whole country.
of New York has been than fifteen years in con-
srueting forty miles OF railroad to the main sources OF
her riches, and having arrived at point where very
slight effort would the completion OF the entire
route to Albany novel project is surretousy intro
duced abandoning the sborous efforts of the past for
scheme, if not uopan, certainly of the most doubtful
success
1t is sad reflection tho wisdom of our citizens,
paraking very much Of reckless spirit of lisl>ss in
magnitude Northern railroad essentially necessary to
permanent prosperity, should be permitted still TO
remain in the miserable dckly charge Of direction
which appears incompetent to comprehend the state Of
public opinion, or the importance Of the responsibility
thoy lave vainly assumed to discharge.
The low credit to which the Harlem has now fallen,
10 have closed tho door to public condolences and
q natural consequence capitalists who have not the
leisure and are unwilling to mix with dishonored
Germs will not acmp. to discriminate between the mis-
fortunes Of the enterprise and the gross msma
of those who merely claim TO be its exclusive patrons
For the public this most unhappy of feeling
it suspends enlightened energy and invl
liable improvement to the most dubious destiny. In
to the repeated inquiries why have not the dreo.
tors resigned authorized to remark, that,
conscious Of their unpopuary they have offered to
tire if profitable bargain 90 negotiated and buffer
he recent concealncnt ofmporant embarras and
legal disabilities the whole would at this
ment have been in the hands Of gentlemen, generally
esteemed competent and above stock gambling But
be this may, thing is most certain the affairs o.
the company daily becoming involved As long
the present members hold oicc the Harlem railroad
will continue an imposition the public expectation,
and the constant fruitful of preposterous silly,
projects and the most discIcdtsble chimerica under
takings.
1t is msor Of public notorety, affair of historic
TRUTH that the best engineers engaged in ascerainng
which would be the most eligible line for q railway
have selected the inland route, now occupied by tho
Harlem; and yet fad the deliberate decision Of these
scientific practical gentlemen condemned BY the geters
mp of the project as totally unworthy ofserous
pect and citizens thus unscrupulously caed
to endorse with their capital this absurd imposition
their ignorance.
| Tho Harlem road is in progress Of extension
waning little moro than the supersiruc,ure for ten
miles to be complete to somers when the finished dis
aace from New York will be fifty four miles; and with
the slightest energy might be extended TO that impor
ant point by the month Of May portion OF THIS ROAD
has SUPERIOR and the income not inferior to most
others in the United States The curves are generally
Free the grades light; AMI crossing no navigaoie
requiring draw bridges, the travel may DC al inc
highest speed with the least possible danger The com
pauy is relieved from heavy expense by the gratuitoua
concession of q right Of way and the SOIL 10
ing easily worked the road can be constructed with the
greatest rapdy and whenever the pressure OF business
r.o,res the accommodation Of additional tracks they
can be made without much expense exclusive OF the ne
glossary outlay for the superstructure
In thus literally presenting the advantages Of tho Har
lem road we acfuated by the purest spirit for i'm
provenen DESTROYS ofdsabusny the public mind by Civ
ing correct and reliable Information which do not h. 81
tate 10 say that Notwithstanding the superiority of the
road for all purposes incident to railway these advan-
ages prove Of material importance TO the incun
bent directors Fault fault extravaganza extra
vsganc. After paying $40 600 they have with the most
psurie weakness, allowed the charter OF the New York
and Albany company to die in their hanls the possession
Of which, at the present moment would be, to them, Of
incstimable security and convenience