The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-02-08
nni at the close of the week previous There has been
no material alteration
QUOTATIONS ron rHK PRINCIPAL SrocKs In THE Nrw

comparison of prices current yesterday, with those
ruling at the close of the previous week. exhibits an ad
vance In Illinois 6 of per cent? Erie Railroad Scrip
i! Farmers Loan, i; Canton Co., lA Vicksourg, u;
and decline in Pennsylvania SIS Of t; Reading Bonds,
M Reading Railroad III Long Island Y; Morris Ca
nal, !; United States Bank, y.
The receipts of the Boston and Worcester Road from
passengers during the past year. amounted to $279
and those from transportation merchandise to $500 1885,
making total Of the tive items of $3.50 05s. Two divi
bends of per cent each, paid leaving surplus
OF $40 725 &c. The number Of passengers
was 47o3l9; and the quantity of merchandise l7s 1926
tons
The capital stock Of this company O00 and the
length ofroad forty miles There is double track
the entire length and is the connection between Bos
ton and the western road running to Albany Notwith
standing the immense cost the dividends equal those of
almost any road in New England and its stock Is at as
nigh a premium ~ any other very large portion of
the business in this road is derived from the western and
other roads running into it. We do not hear OF any ap
pcaton from any of these companies for charter to
build read into Boston parallel with the Worcester be-
cause they do not want remain under the control of
that company There isno such minded policy
in the railroad system Of New England have seen
inthis State either among individuals or in the Legis
la'ure The Legislature of Massachusetts, never have
and trust, WILL grant to two distinct companies
charters to construct two railroads between the same
points The folly of such movement belongs to the
Legislature of the State of New York.
Some wise men Of Gotham appear to labor under the
IMPRESSION that if there Is not capital enough to bull
one road to Albany the chances are decidedly in
favor Of finishing two We understand the rule
by which they arrive at this important conclusion but T.
is undoubtedly to them as clear as mud II we can
build two railroads 10 Albany the quicker we have them
the better According to recent calculations there can
be no Init hat both
dends. Should these estimates prove falaco,is the
stockholders would merely lose portion Of their in.
vestmens that is all The city at large real estate
avoraby located in particular would be benefited. We
have been fifteen years building fifty miles of railroad
from the City Hall to tho northern line of Westchester
county, leaving space Of about hundred miles to
cover, before we make q connection with Albany
This hundred miles of road can be built at an ex
pense not exceeding that ofths fifty miles in running
operation, and shall then have line located 80
ss to accommodate the section of country in this State
east of the Hudson river at all Of the year
The people Of the east and of all the counties in this
State on the east side of the river and in the
part of Connecticut almost completely shut out
from principal markets. and they are in want of an
outlet The Hudson river is of very little service
TO them, and railroad its banks would not benefit
them an iota.
The friends of the Hudson river railroad have until
the first of March, period of about three weeks to fill
the stock Of three millions of dollars If within that
time they can get the amount subscribed by good
and true, hope there will be no delay in CON-
mencing and completing the work. but should the time
stipulated in the charter for filling the stock EXPIRE
without the conditions being fulfilled we trust the thing
will be abandoned, and those foremost urging it ever
after hold their peace that the energies of our cz
may be concentrated upon cheaper and feasible
route.