The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-01-22

nsous subjects.
1t will be embelished with an accurate engrav.
ing of the town of Campeachy, recently the
scene of revolution.
Price 81 cents, in wrappers for the mail
News from Europe.
The steamship Hibernia is now in her seven
teenth day, and, of course, is fully due
The recent news of an advance in cotton, has
whet the appetite Of the speculator for later intel
ligence.
The Hibernia, last January, was eighteen and
half days in making the passage.
New York and Albany Railroads.&c. Public
Meeting.
There is call in our advertising columns for q
public meeting in relation to railroad between
this city and Albany, signed by nearly five hum
dred firms Of this city, who are "deepy impress
ed with the importance TO this city OF the project
cd Hudson River Railroad, and earnestly invite
their fellow citizens to meet at the Merchants
Exchange this day, Friday, at half past r. M,
for the purpose of devising measures for prompt
completion of the subscriptions to the stock of
said road
Every individual engaged in any kind of bust
ness in this city, cannot but be impressed with
the importance of railroad communication be-
tween this city and Albany, particularly as this
communication would not only connect with
more than thousand miles OF railroad, but
would connect with all the principallcities and
towns of New England and of this State. 1t
would open at once the trade of the interior OF
seven States, and attract large portion of that
business which at certain seasons is drawn to tho
Eastern cities.
The Hudson river is closed by ice on an ave.
rage about one hundred days in the year, or more
Of tho md
whole of that period we have no direct commu-
nicaton with the interior Travel and freight are
compelled to take expensive and circuitous
route, and nearly all the evils of non-intercourse
with the interior during the winter months are
perienced All this realize year after year,
because there has not been sufficient public spirit
exhibited to construct railroad direct from this
city TO Albany.
We have preference in relation to routes.
The one completed first will, of course, be the
best If the river route can be built, the quicker
it is done the BETTER and if it be built, the
sooner we know it the better, that public atten-
ton may be directed to some other and more fea-
sible route. 1t is highly necessary that great
and grand move should be made. We have
slun1bered upon this subject too long. There is
any quantity of capital in this city, ready to
gage in any enterprise having fair prospect of
being productive; all that is necessary is proper
exertion to bring it out.
A subscription of three millions of dollars
raised in this city alone, to fill up the stock of
the New York and Erie Railroad Company, in
few weeks; very large amount was subscribed
to fill the capital stock OF the New York and New
Haven Railroad Company our capitalists have
Immense amounts invested in railroads. in every
section OF tho country; and it appears very
strange, in the face of these facts, that sum,
comparatively small, cannot be raised to con-
struct road, which every business man in the
city 10 interested in-which would increase
our trade at least ten times the cost of the line
every year, and annually add millions to the
value of real estate within the city limits With
these things in view, it appears impossible to
raise three millions of dollars, by subscription, to
build this river road.
The call for the meeting alluded to above, con
tains the names of nearly five hundred firms in
this city. We notice the names of many Of the
wealthiest houses, names good for many hundred
thousand dollars. An average subscription from
those who signed this call OF five thousand dollars
each would secure the object, tho importance Of
which they SO deeply impressed with. 1t is,
however, much easier to sign a call for public
meeting than to put down their names for five
thousand dollars. We trust, however, the amount
will be raised, and we hope those interested will
take long pull and strong pull at the pockets of
our overgrown capitalists, that the charter may
be secured, and the road put at once under con-
tract. There is no time to be lost Whatever is
to be done must be done quickly.
1t is no time now to attempt to show the proba-
bic lToductiveness of any investment in this
work. Those who have doubts, of course will not
touch it. To the commercial classes it will be
productive in an indirect, if it is not in direct
way, and they should step forward and fill up the
full amount required.
We call upon the citizens generally to attend
the meeting. Before doing so, it would be well
to read communication in another column in
relation to the Harlem railroad that they NAV be
able to compare the position and prospects of the
two companies. We shall have this meeting re-
ported in full for the purpose of giving the state
ments Of the Hudson River Railroad company;
and of those interested in its construction, the
same publicity we have given the rival route, SO
that the publc can arrive at a proper and COR
reet conclusion to the merits of each.
We must have a railroad to Albany Now is
the time to raise money to build one. If the pr
sent excitement is suffered to subsde, without ac-
comprising this important matter, the people OF
this city will loose the reputation for enterprise
they now enjoy, and we shall have to weld the
palm to our eastern neighbors. III could only
infuse into citizens little of the railroad sp-
rit Of the New Englanders, there would be no &C.
casion for public meetings to drag capitalists and
others into measure Of this kind.
WHERE Is CAMrEAoHY This town has
attracted some attention lately, from the fact
that 1t has recently declared against MEXICO
ana Yucatan, and has evinced desire to
Keep up strict neutrality in the war between
Mexico and the United States We all know the
importance to attach to this desire to occunv q