The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-04-18

mum and there very few offering 1t that high rate
The two sesmsrs leaving this week for England will
take about 100000 in .pscie snd the sailing packets
will carry large remittances In the precious metals
The Mschanics' and Traders Bank has declared .
semi annual devidsnd Of ave per cent
The sale Of State stocks account of the Atlas ard
James Banks has been postponed to the 81 of May.
The most important railroad projsct now under con
sderation In the Eastern States without doubt, is the
extension Of the Now York and New Haven Railroad
through Middlstown, Willimautic, Woonsockst, to
Boston, known % the air lins between New York and
Boston The importance Of this line and its probable
productivsnsss by no means depends upon Its avaabi
ty through route between the cities although 1t
would be as fsyorsby located for that purpose any
other line now In existence Its great value in
vssmsnt and Its great Importance a. railroad would
be derived from the immense amount Of business along
the limo, depending upon communication of this nature
with the principal markets. and the support that bust
ness would give independent Of any through travsl
Through freight The number of manufacturing sstab-
lishments along tho line, which depend upon the
old methods Of transportation Of their fabrics Is sum
csnt to give the company an insoms large enough
to pay good dividends. There is no other section
OF New England Of equal extent which has 90 many
manufacturing establishments az that through which
it is In contemplation to construct this road The
Massachusetts is nearly double to the square mile
that of this State, any other State in the Union
guarsnyng way local travel, which 10 the life blood
Of all railroad companies. This railroad passes through
portion Of Connecticut and Rhode Island unprovided
at present with any direct communication by railroad
with the principal markets. and railroad interseotng
this section would not into competition with or
interfere in any way with any Of the roads already
ssruotsd There IL population Of mere than half mil
lion along the line Of this road engaged in pursuits Of
character calculated to contribute largely to the business
ofs railroad Every town. every village, In fact, almost
every house this road would pass mandatory of some
Sort which would provide freight for transportation.
This section has become the most extensive manuactur
ing district in New England under the greatest dsadvsn
tsges; while railroads have been constructed to inersec
almost every other part Of Now England this has been
neglected left to depend entirely upon modes Of convey
ance to aud from market which have been used for
and in the face Of these adverse circumstances tho
greatest prosperity has crowned tho industry Of the
people. Their resources are, however but partial
y developed; give them facilities equal to those
oyed other sections Of country and have doubt
their products will be doubled The estimates relative
have been based upon the Of the country
present developed, allowance having been made for
the probable increase in any branch OF industry, the
opening of the road would naturally produce.
The length Of this road to tho Rhode Island line will
little more than eighty three miles, and tho estimated
Of construction and equipment about two and half
millions of dollars being average cost Of nearly thirty
one thousand dollars per mile. The whole distance be-
tween Now York and Boston by this route, is two hun
dred and eleven miles The charter obtained from tho
Legislature of Connecticut confers upon the company
the right to construct bridge the Connecticut
river at Mddletown The whole line between these two
cities has received legislative sanction with the
ton Of section Of about eighteen miles In Rhode Island
and the narrow minded policy pursued by the Legislature
State may defeat tho intentions Of this
In constructing IN air line In tho event Of tho Legsa-
ture Of Rhode Island refusing to grant such charter
required. the line be 30 varied % to avoid
that State entirely by increasing the distance between
the two cities only four to Ave miles 1t Is calculated
that toe route proposed by the air line company Is
twenty-five miles nearer than any other railroad route
In existence, with more favorable grades than tho Spring
field route A have before remarked, the through
travel is matter Of secondary consideration to this
company; and although its grades and the distance will
enable the trains to make better time between the two
terminating cities and give 1t tho advantage Of a into
rior routes in that particular 1t will not depend by any
means upon that portion Of is business There Is not
probably another portion of the Union whore railroad
Of the extent he located and It's very OPEN
ing command 80 large business. this line. In its
course from New York to Boston, nterseots four lines
running int the northern and middle part Of New Eng
land all Of which will be tributary to It, In every
poet in which the enterprise be viewed it impos-
sibs to resist the conclusion that it is only the
fessbls but will without doubt be the most productive
line of It's length in New England That 1t will be ulti-
matey built have not tho slightest doubt, in spite
Of the opposition Of rival routes.
As evidence Of the probable amount of local bust
the central air line will command, 1t Is Only
n,ceesary to state that the population Of all the towns
whose centres within Ave miles of tho line Of the
road from Boston to New Haven nine per cent greater
than that Of all the towns whose centres within five
miles Of the line from Boston to Now Haven via Worces
ter Springfield, and Hartford Between New Haven and
the eastern line Of Connecticut, there 1877 saw and
| grist mills and 90 cotton and woollen factories.
The following statement shows the relative amounts
capital along the proposed route and those Of severs
existing profitable railroads in other parts Of the
try. The amounts invested in manufacturing and in
dustrial capital are shown to be as follows =
Proposed airline route in Connecticut, per
Fitohburs Railroad, Massachusetts. .sas sao
| Boston and Worcester r r. do. ......... ST 65l
Boston and Maine. ACKNOWLEDGEMENTS 5
Oio Coiony'. .....s.... .33 ,854
showing the industrial capital thus employed along
the proposed route In to be greater than
that Of any other OF these routes except tho
and only about eight hundred dollars short Of that and
than y per cent greater than that Of the Fitch.
burg and that all this capital must be to this
line that along the other roads proved by ties l.
mony that the great body Of 10 within mile Of the
road, and all the residue within I've or seven miles
There 10 another criterion Of the relative amounts
Industrial population and capital along these lines-nc
less emphatic and decsvsto be found the compare