The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-01-27

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hculties would be experienced to greater or lesl
extent by the Hudson River Company, in the
event OF the road beng constructed; but there i,
another point, which we deem it our duty to re-
Ter TO- Tor the purpose ct placing those having Ii
mited means, and who are therefore little able tc
nave them reduced, in the possession of certain
facts connected with all our works of internal i'm.
provement, calculated to save them many hard
earned penny. AS an instance Of the point we
wish to illustrate, is only necessary 60 back to
the New York and Erie Railroad Company. 1t
required very great efforts to get the three mil
lions of stock in this road filled, Notwithstanding
the advantages it possesses over all other roads in
this State. Men of moderate means were in
duoed to subscribe to the full extent their resour-
ces would allow, and the several instalments
called for have been more promptly paid than
we believed possible, under the circumstances
1t is the depreciation In the market value of the
stock to which we allude, it being sufficient to
induce those who merely look to these works for
dividends, to avoid becoming origna! subscribers
to the stocks. In the case of the Erie railroad.
SAVING Oh At least twenty per cent will be real
ized by those purchasing stock at present prices.
owners OF real estate, and merchants can afford to
subscribe to the capital stock as theyare invariably
indirectly, benefited to a very great extent by
the construction of these works of internal i'm
provement. by the additional trade they bring,
and the rapid increase in the value OF real estate,
they produce. Capitalists, both great and small,
depend upon the direct income from their invest
ments, and therefore look more to the price paid
for any stock they may want. Nearly every stock
in the list of daily sales in Wall street rules below
mr. of WI uipo
paid There must have been immense losses real
lied by the first holders or original subscribers,
and every new stock that comes up will take the
same course. We do not wish to intimidate the
public mind, but we wish to impress upon those
depending upon incomes from their capital the
folly of subscribing to the stock of any company,
and paying par, whe they are sure of getting it
much cheaper.
These works should be built by those most
benefited by their construction; and what class
is more able to build them, or more benefited by
them, than the owners Of real estate. in this city
and along the line of the road. How much does
Astor, Whitney, Lorillard, Van Rensselaer,, &C.,
&c, subscribe 7
Nor THOROUGHLY TRAINED. The Assistan'
Aldermen OF our Common Council, are many of
fairly drilled in the tactics Of their school they
have not always the fear Of the sold hunkers"
before their eyes, as may be seen by reference to
the following paragraph, contained in report OF
a committee of the Board of Assistants, on the
memorial of the "prison association" in regard
to the condition OF the inmates ofhe city prison,.
The memoralists ask that chaplain may be appoint
ed for the city prison and your committee, notwith
standing that edhce Inhabited by what may justly be
termed aSstinE population - chesriuiy coincide with
to seek and to save that which lost and he himself
declares that his duty was not to call the righteous but
sinners to repentance Your committee, therefore, do
not object to the proposition of the memorasts that
chaplain be appointed but the contrary in the
in his views addicted to prsaohng doctrna ser
mons, they recommend that provision for chaplain be
made for If there place IN the world whore the sta
ted preaching Of the gospel" is really necessary s in
the halls OF justice as the memoriasts have plainly set
forth.
Thisis doubtless the theology of the commit.
tee, and with the doctrine no one can reasona-
bly, find fault but that Brutus stab, that ''most
unkindest cut of all, which is contained within
quotation marks-how could young mad caps
perretrate 30 cruel joke as that? How could
they have the heart to punch their butler so hard
in that tender spot?
OCEAN SrEAMERs.-The new steamer Sarah
Sands, Captain Thompson, late Of the packet
ship Stephen Whitney, is now.in her ninth day,
and may be expected to arrive in ten or twelve
days from this.
The next steamer to Boston, the Cambria, will
leave Liverpool on the 4th of February.
The French line of steam packets will be ready
in a few months. 1t is yet uncertain whether
they will sail from Havre or Cherbourg to New
York.
After March we shall have one steamer week.
SHORT PASSAGE FROM LIvERrooL.-The news
received by us on Monday, by special express over
Long Island, came in the fine ship Pacific, Capt.
Ludlam. We circulated the news in the Extra
Herald TO confirm, in part, the telegraphic des-
patch OF the Hibernia intelligence. Our thanks
are due to Capt. l.. for his kindness to our news
collector.
GREAT FIRE IN LoNDoN.-The following is an
extract OF private letter, dated London, 4th
January 1.-THE immense steam wharf of Messrs.
Colmar & Co., London, called lrongate wharf,
next the Tower of London, was burnt on Thurs
day, 4,h instant Loss calculated at f20, 600. Fully
insured"
IMPORTANT DECIsIoN.-A case Of considerable
interest to our merchants, will be found in ano.
ther part OF our paper, oeclueo ny the superior
Court. 1t decides that goods to be shipped coast
wise, do not pass from the control of the jobber
till bill of lading is delivered, though they may
have been put on board of vessel pursuant to
order.
SOUND NAvIGATIoN.-We sometime since stated
that the steamers Cleopatra and Worcester, en-
gagged on the Norwich and Worcester line, were
to be provided with masts and sails, in order to
nhviate anv dificntias arising from accidents 10