The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-04-08

Pttsburg ....... March so -. feet
Cincinnati March ~ '''''' ii,iS seet
Louisville. .March ~ 49, .sIzs .ees
MONEY MARKET.
~ wednesday, April 7-6P. M.
Fancy stocks have the route again very general
decline realized to-day nearly every stock in the list
having fallen OF fraction. Long Island declined y per
cent Canton II, Farmers Loan q, U. s Bank ~ Har-
lem IL, Norwich and Worcester u, Morris Canal u,
Reading x, North American Trust y. Mohawk closed
ut yesterdays prices The sales at the first board were
large. rsea r,s.rrr
At the second board the sales small at prices
current in the morning but the market closed heavy
with tendency towards a further decline
Proposals for the loan Of 900 will be opened
on Saturday the 10th instant 1t anticipated that the
Secretary Of the Treasury will call immediately ior
large portion of It, There doubt but that 1t VIII De
all taken The stock and money market is undoubtedly
Affected by this and until the result Of tho movement Is
known there win be advance in the fancies
Five directors class No O. of the Morris Canal CON-
pany were elected on Monday last Only one was re-
elected The following Is list Of the outs and in -
Morris CANAL CoMPANy
Oms-A Whitney, Eieeed-A. Whitney
- n Wiliiamson p Dickinson
n M,Farlane Ralph Marsh,
o. j. Strong, W. Dckey
Jacob lie Roy. CHI VAentine
There fifteen directors in the board elected for
three years divided into three cassesone class elected
each year The election for President lies between Mr.
Whitney and Mr.. Marsh.
The Boyslton Fire and Marine Insurance Company, of
Boston, have declared somannual dividend Of five per
cent
The Marine Dank, al Baltimore, has declared halt
yearly dividend Of thrse-and-a-halfp per cent
The Farmers and Merchants Bank Of Baltimore has
declared hafyearly dividend Of three per cent
The banks In Salem have declared the following semi
annual dividends-Asiatic Bank, three per cent Com
mercal 3; Exchange, 3; Mercantile, 2h Merchants, 81
Naumkeag, s11s; Salem per cent.
The Danvers Banks have also declared the following
semi annual dividends Bank per cent War
rem, 8, and Village 3.
The bank of Westbrook Nc, has declared semi
annual dividend of 3 per cent
The Bunker Hill Bank Charestown paid, on the 9th
instant, q semi-an dividend of per cent.
Tho Barnstablc Bank has declared semi annual divi
dend of per cent.
We have received the report of the Commissioners
named by the Legislature of New Jersey in the act In
cooperating the somervile and Easton Railroad Compn
n.y. relation to the construction Of that road Its pros
pectve business its cost expenses &c The completion
of this road will give the citizens Of this city direct
communication with the extensive and rich agricultural
and mineral regions Of Pennsylvania.
The report of the Commissioners says that the Eliza
ted by the Legislature of the state Jersey
thorized to construct railroad from Euzabeth-Port
Staten Island sound distant twelve miles from the city Of
New York. to the village OF Somerve This road s TWEEN
tyfve miles in length, and is now completed wha wood
superstructure and fiat rail- The company have found
this road present constructed wholly inadequate
ty do the business offered and during the last four
months with four locomotive engines, foryve freight
cars and eight vessels constantly plying between Eliza
III 49, Nnut
more than one-haf of the freight which offered at
their depot ut Somervnle The other half was trans
ported in wagons to New Brunswick, distance Of
twelve miles from Somcrvie and found Its way by the
New Jersey Railroad and water communication, to tho
city. This company have commenced reaying their
with edge-ra three miles Of which completed,
and the whole distance it Is contemplated will be fnish
ed with this rail- during the ensuing summer season"
The charter of the somervile and Eastern Railroad
Company is a very liberal one. The company and its
real and personal estate exempt from any tax except
ing payment the State Of half Of per cent
on its capital stock after the company shall declare up
on its net earnings dividend Of six per cent Its capt.
/ tai.
1t is estimated that the total cost of tho road with ton
miles of double track will be Sl,o55,lss
The merits this superior to any other that
be selected not only in reference to the length of
road the degrees of curvature and height of grades
but that through the most thriving wealthy
fertile and manufacturing districts Of the State of New
Jersey and terminates at the confluence Of the Della
and Lehgh rivers opposite Easton Of the most
growing and cnterprising towns in Pennsylvania which
contains about five thousand inhabitants and is of
the great depots for COAL lumber iron, &c. Of which
Pennsylvania abounds 1t is distant from New York (by
this route) seventy five miles and from Philadelphia by
canal, eighty miles.
/ The route through towns and villages,
whose aggregate number Of Inhabitants according to
the last census will not b. less than fifty thousand The
counties of Northampton and Lehigh, Pennsylvania.
contained in ls40 population Of &C. 783 souls and Ia
of the wealthy and productive agricultural
districts in the State All the products Of Northamp
ton and large part Of Lehigh together with portions
of Pike and Luzerne counties in that State and also Of
Warren and part of Sussex counties in New Jersey
find market at Easton
The town of Clinton situated within two miles Of
this route the south branch OF the Rartan river
forty-three miles from Elizabeth PORT seventeen from
Easton and twelve from the Delaware river contains
upwards Of sixty dwellings and five stores with majo-
rty Of its inhabitants engaged in the mechanic arts
There is large and extensive water power which ID
good portion of which Is at present occupied by two
mills Of which, large stone merchants mill with
four Of stones, is employed mainly In the manufac
of -four and kiln meal 1t has attached to
plaster mill and Is capable Of turning out, annually
twenty thousand barrels of -four and meal. The other
MILL which was burnt some years since has recently
been rebuilt upon more improved plan and extensive
SCALE and has equal advantages to water with the
mentioned mill 1t has two of stones but has
been employed principally in the manufacture of nseed
OIL packing kiln dried meal and choppng feed for tho
New York market. Wool carding Is also carried to
"a considerable extent, and is improving yearly With
the facilities which railroad to and from New York
and Easton would afford the business Of those mills
would greatly increase, large amount of grain which
now finds market through tho Delaware division and
Morris canal would concentrate here. Thors IL also
within circuit of six miles Of Clinton, thirteen other
Touring mills most Of which send great portion Of thel
Hour to New York, and would most probably, when this
road Is completed send their whole produce by to thai