New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-01-08
NEW-YORK TRIBUNE.
.Aa,... Of the Commissioners for
Receiving Subscription . ~ c 90" ~" "
IRE Uud.on River Raiiroa" '"'"p""''

tn The period !. rapidly approaching when it must
Add whether the enterprise Of constructing
.:,,.5 through the valley OF the Hudson river
!. ,Ib,uy. under the charter which has been OBJ
80 3, that purpose, will be sustained by ade-
,,h.crp,ions to the stock, or whether ii must
! ABANDONED
"a. commissioners under the Act have, from
tine presented 10 the public Interviews Of
!, .,vrp, necessity Of this great work and the
.,o.oeet a is proftableness as an Investment
,.se me estimates Of the cost and income Of the
,o,d they refer to an Address published IN June
:, They unanimously believe that the estimate
4 income therein given, is not only safe bat very
nciersie
7bs object Of the Commissioners in this their
s..J ,npeal Is. 10 answer briefly some OF the OBJ
.s,ous which have been urged against the project
v,ate its present situation and prospects and TO
nd for the immediate and active aid OF all their
Dhx citizens who feel an interest in tins most I'M
pstam work
The procuring Of the charterwas an undertaking
,rs.eu,ng no trfDg difficulties. Although sus-
aimed BY the countenance Of large and most re.
,D.o,sble portion Of our citizens and by a still
,reer proportion Of the residents on the line OF the
nsd. they were met before the Legislature by
ueisnl and determined opposition. But the emf
pent general advantages and great importance of
the work not only to the population along its line,
bat 70 The State at large, induced the Legislature
10 pass the bill, which was viewed as the leading
measure Of the last session. The present charter
was granted, bat the opponents Of the road sue
eeeded 10 procuring the insertion of clause.
hat Il should be forfeited, unless three NIL
hons Of cellars should be subscribed 10 me stock. and
ajsr ce% pad IN tsto.c The Isl Of March, lsi7.
The Commissioners deemed it their duty to open
he books for subscription on the ist Of September
asst and they have remained open at the Office OF
the Company No. Merchants Exchange Al
though circumstances were not propitlous they
were disappointed that larger amount was not at
,aat time voluntarily subscribed, and without per
ional solicitation. Their more vigorous efforts were
reservation the Winter months as the most lsvora
BE period. The short time which now remains to
complete the subscription is ample for the purpose,
bat i demands the immediate and energetic coope
ration Of all who feel any pride interest or wish m
h.yns railroad between NewYork and Albany
that shall be worthy of the City and State and ade
sg,i.to do the business OF such a route.
hbeng found announcement 10 require the pay
usutd s5 per share on subscribing. as provided
byas Act, subscriptions have been taken by the
Commissioners Individually during the last few
weeks without that iormality, which subscriptions
are therefore conditional and parties so subscribing
vii not be called on for any payment unless the
mount Of 50 900 is subscribed within the time
6ni,ed But subscriptions conforming to the terms
o. the Act will still be received at the Office OF the
Commissioners
The subject Of paying interest on the instruments
un the completion of the road has been considered
BY the Commissioners one of great Importance
They have given notice OF an application to the
Legislature Tor authority to pay interest agreeably
a toe engagement In the terms of subscription
sre'oiore presented TO the public. They have,
Svever, become satisfied that it is perfectly con
'sent with the Act to do so, and accordingly they