New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-02-04
Important Public work-To Capitalists.


Our attention has been arrested by article in
the Philadelphia North American in reference to
the completion Of the Canal on the North Branch OF
the Susquehanna.
Having a personal knowledge Of the region Of
country to be connected and brought to an inter
change of commodities by the Canal in question
we have no hesitatonn endorsing all that has been
said by the Editor Of that paper. The compare
lively small investment required to complete this
connecting link and the immense tonnage OF coal
iron plaster salt, lumber SC. which IT would bear
leave no room to doubt It's being valuable work to
its propretors. The peculiar advantages possessed
by this line Of Improvement consist III It's beng
connecting link in the vast chains OF improvement
in the States OF New-York and Pennsylvania ITS
commencing in the heart Of the Wyoming coal re
eiOn-perhsps the most extensive and valuable In
the Union--and It's opening market to the lakes
beyond the possibility of competition from any other
coal region. To those having the means OF invest
ment we consider this enterprise well worth their
attention aud examination. The North American
proceeds rs follows:
TIE NORTH BRANCH CANAL-We know no i'm
that favorable attention upon stronger
grounds than the North Branch Canal. As early as
1910 the importance OF communication Det"eeh me
SusquehaDna region OF Pennsylvania snd the Lake
country OF New.ioTk was appreciated and IN 1911 or
10 the measure was urged upon our Legislature 10
lSl1 the rOute explored by commissioners appointed
by this State and m 1870. G0r6aOT Clinton nr9sd its
importance in his annual message TO the New York
Legislature. Aroused by these efforts, Pennsyivana
undertook the gigantic task OF opening communication
between the waters OF the Susquehanna and Lake Erie.
by a COMMISSION with the Erie Canal She prosecuted
successfully for time extending the Pennsy "a
nal 10 the mouth Of the Lackawana or within ninety
four miles Of the New York line The State 81 New
York meanwhile met these advances by canal uniting
the Seneca Lake with the Erie Canal and by the Che
mung Canal which extends sOuthwardly within II miles
o. the Pennsy line This completed the chain oieOm-
municaton by canal between the coal and iron deposits OF
Luzerne and Columbia aud the city and state oil New
York with the exception of the Junction Canal about
miles long from Chemung Canal TO the ter
minus Of the North Branch Canal and ninety four miles
OF the later in an unfinished state.
The New-York Legislature, last May, granted most
favorable charter to Company to construct the juno
ton Canal extending the Chemung Canal 50 as TO con-
meet with the Pennsylvania Works when completed
This work will we learn, be undertaken with vigor by
the People Of Eew-York II only remains. in order 20
consummae this noble scheme. that the Pennsylvania
portion of the work should be completed. And this
II appears to US may be readily accomplished. W
kn0D enterprise so safe on that promises ret'rns 20 ge
rOls The State has not only removed every difficulty
but has bestowed bonus for the completion OF the work
the most munhcent ever conferred upon an American
enterprise.
BY the act of 1913 incorporating the North Branch
Canal Company the Legislature bestows upon the Com
pany that portion OF the Wyoming Division Of the Penn
sylyania Canal extending from Solomons Creek to the
Lackawana Feeder thirteen miles in extent in perfect
order and doing large business. This Canal cost the
State $4,000.
1t also bestows upon the Company the North Branch
Canal in its unfinished state extending from the Lacka
wana Feeder 10 the New York State line Upon this,
the State has expended Two Millions Five Hundred
Thousand Dollars 1t is located, graded and in state
of great orwardness for completion Thus IT will be
that the State has made TO the Company grauity
of 100000 and that it is only necessary to complete
this Canal to secure all the vast results contemplated in
its inception
To effect this It Is sscertaned beyond doubt that
not more than 81 00006, and probably less will be
quired Responsible contractors have offered to com
pete ii for that and receive NTH OF the amount
in stock More than onehal Of the necessary sum has
been subscribed and is available leaving about 100000
10 be raised.
Let the reader glance at the map and he will realize
the immense dsproporton Of the results TO be attained
with the comparatively trifng means 10 attain them
This Canal opens a communication between two sec
tons which though not remote chance TO be destitute
of the staples each Of the other IL gives TO the vast
coal fields of Wyoming market along and about the
Erie Canal and the lakes which for many years could
not be adequately supplied. IL gives to NewNork
market in the Susquehanna Valley for her gypsum and
salt the extent OF which can scarcely be estimated
Thus the local rather sectional trade would OF itself
1t is estimated only pay the interest OF the amount
expended and meet the acquisitions for repairs but In
ten years reimburse the original expenditure