The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-09-08

increase equal to nearly 40 per CENT? .$44,687 81
The increased receipts Of all railroad companies,
for the transportation Of passengers and freight the
best evidence in the world Of the prosperous condition
Of all classes and all departments of business Railroads
which now good dividends must in years. in the
event Of the receipts increasing year year
rate realised since the commencement, be good in
vsstments. Those now struggling along towards COM
pletion with limited means and prscarious credit will
ultimately be good dividend paying securities The
ofeven the oldest and popuous sections Of
this country have not yet begun to be developed
We have no idea Of what the New England States
alone capable Of producing and for the wes It
Is beyond ell calculations. We cannot begin to guess
what state Of things tho next Eve or ten years will
bring about in the prolific States of the West 1t is our
belief that with all the progress making the oonstruc-
ten of works Of internal improvements shall feel the
want Of means Of transportation more years hence
than do now The internal business Of the country
is growing rapidly than the facilities of communi
cation
The statements which have been put forth and trans
mtted to Europe relative to the agricultural
Of this country and tho probable Of surplus
of breadsu have been the principal OF the
imitation in prices the other side and nnan
cal difficulties have been tho result Of such an
expansion. The character Of the source from which
these statements emaaated pretty we'll understood on
this side Of the Atlantic but in Europe unfortunately
too much confidence placed in them and the result
has been extremely disastrous The source to which
we alude Is the organ of the bull spectators in Wall
street. which at all times, prepared to give publicity
to the calculations and estimates any individual
clique, for the purpose of bringing about undue In
fatoa in prices. AZ evidence Of this 1t is only
cessay to refer to the article published in that paper in
April last just previous to the opening Of the canals OF
this State when the probable extent Of surplus
n Of hrp inf n NJ muc m nd
tae Of considerable excitement among operators
in this market
The article to which sllude went into details for
the purpose Of giving 1t more FEASIBILITY the result Of
which wss that tho total quantity Of nour and wheat
made into ourto arrive at tide water from the opening
of navigation to tho lst OF september, wsuld be
i,o72,ooc bbs.
The Official returns show that the aggre-
gate receipts for the same period we're 2,ol4226
Excess Of receipts over estimate. :. Is4l72s bills
The estimate OF Indian corn, made by this
organ of bull speculstors to arrive
from May LIST to september LIST 1000 900 bush
Actual receipts per onhcal returns for
same perod,. $500. ............ 46O49s5
Excess of receipts over estimate. 1904 Sso bush
This is just about near the truth ~ the paper to
which alude usually comes the most ridiculous
part Of the affair yet come According to the sst
mates ofthe article should only able squeeze out
for expectation from this port from May Let septem
Der lst 34sso barrels whereas the oca returns show
shipment, in the period OF I,so53iO barrels,
showing OF shipments over estimate Of
$3.50 463 barrels
lfthess facts not enough to satisfy every that
the statements Of the Courier aud Enquirer In relation
to commercial matters not entitled the confidence
OF even the most desperate SPECTATOR leave them to
be duped again with similar calculations In giving the
statement, the figures of which we have given above
the Courier and Enquirer introduced II rs follows
As public attention. both In this eonntsy snd In 20.
usops be- fbS sostAs psst tssn strongly sSesssa "