New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-12-30


ball % the music OF 9 Hne band
rHE RE6ruo>
The wooden buid.sg into which ushsr-,
contained two tabled each 30 tee, length and COO
tanned plates for 100 gaests They were liiersy over
loaded with their abundance Of good cheer the er.
rens q snshsmtou and vicinity having we learned
Contributed the Of 8 90 for the purpose Of enter
tsiring the company. L!st.e~oods bad stationed o.
Platform shove tie tables diseoursei excellent mu
&C, while tie venison tgrsies fo~s hsn. and Other
dainnos administered 10 our keen mountain appetite
Allsst the cannon having ceased roaring and the
prsseni wants Of al Being supplied the eeromonies Of
reception commenced. The heath Of NJ. LorEs hsv
ns been drsnk thss gentleman made In re.ponse the
following sddress, OF which give verb stim report
Il viii De reeollectei ~ Of those who are nov
present that ~ the formal opening Of the road 10 Por,
lervis ess than year since stated behalf OF the
Directors OF the New York and Enc Railroad Co that
me road would ~ opened 10 Ringhsmton BY the let
| January sac Doubtless many were ncredalous AZ
tat time as 70 the ability OF the Company 70 DO ard
/ probably 81 would have shsred In that want II conn
} rsncs h they had kaowu one hsf OF the di-cultses
that then be met with In redeeming that prom
i,e AZ that time, bur smsh amount OF work VS.
Gore OF fcr' Jeryis In fart but oeslnnbg BAD
/ been inside toward he accompaniment % what, all
who have bad but partial view oi 10 magnitude, vii
probably submit q be great and consequently an sx
| peusise woIs
| Geutensu you vii allow me to congratulate the
public and the rcnts OF this enterprise, upon the
/ iui'mcnl Ot that promise which forms important
era IN the history 81 hsVlfk viz IN the extension 81
the New York sni Erie Railroad 20 Bin shsmton aud In
thus uniuug With an iron chain the Ramspo Delaware
snd Susgue mama valleys and connecting the huison
| the Delaware. TIE susqaehsnna and Chensaso Rivers
Thscytnt hss brought the City OF New orb within ten
hours distance o this beautiful village and hss brought
d the fret instsment Of visitors which will continue
10 pour IN upon H. Tor sfes yet 10 come, although
. .N...H. - - al. <
heretofore secluded village Of Bnshsntou, with II a.
most anrivaIled beauty OF location. will be well
known 10 The traveller As her northern sster vnsses
and crs on ne line of the Crntrs Railroad from Al.
bsnv 70 buffalo which indebted In greater or le,s
degree % such line Of communication for much Of
,1eir importance, growth and prosperity And how
long IL may be asked will Il be before the villages the
line OF tho New York and Erie Railroad will b. equally
bensdti by their line Of railroad communication with
the Ciy Of New Nors
Gentlemen probably the time and the occasion may
Justly me in behalf Of the Directors in reyertns sery
briefly o. facts connected with the pssi history 81
this wofs but more particularly 70 that period during
which the present managers have had the control Of H.
and wish 10 state in the outset that spirit of eel
graduation the part OF myself or the Directors
prompts this reference but Tor reasons 81 very DIT
iereni chsract.r which will BE- understood before
conclude.
Probably most OF you know IN what depressed con.
diuon the ai,lrs OF the Company vsre Al the time
the prt Board OF Managers assumed the control OF
b. AFTER the pa.sag OF the act OF iih May, lssa, un
I
! hv raising the S3e0OCO of new subscriptions, the
Company delayed and embarrassed, slnos, 70 IT,
destruction ~ the opposition made 70 the beet location
that could be- found for this road and some here kao~
the great efforts that were made IN opposition % the
location sought FOR by the Company, aud the Court
Hous. in this village. little over two years since, wss
the thestcr II the last EFFORT before the State Conmls
.ionors a. induce decision adverse O. the Compsnys
wishes and the public Interests and hal such b,on tina
result all the efforts OF the Directors could not have
saved il from failure A careful examination VI ine
al. ~. 81 u.afH
anco OF securing the best possible location hence IL
urged before the Commissioners as matter Of VI
tai interest the Company as 10 H. permanent Useful
nee. aud value and decided ia favor OF tho present
! location and - remarked 10 the Commissioners at
/ Utica (shom | accidentally met coming from their
room At the hotel entered the hall and learned the
result OF their decision which bad just been made,
| DO Gentlemen you have saved the Erie Railroad And
repeat H. that decision saved the New York and Erie
| Railroad
Having succeeded by ths mos, determined and per
sev.rins forts IN obtaining the best location Tor tho
road and having extended t % this place the question
very naturally arises on the part OF the Stockholders
the Director. made 80 great an error In the outset
In estimating the cost Of the work. and Why 80 large
| an amount OF money has been expended ON tho road
| in extending IL 10 Binghsmtoni To which II may os
| replied that the ockholders and the public have
perfect right u full explanation upon these points
aud Il will be furnished by report nom the Board OF
Directors At early day and immediately upon cioslns
10 the accounts tor the extension OF the rosd To this
place but will at this time very briefly stats lev
| tacts bearing upon these questions
lat After the passage OF the act Of l4th May 'letS.
the Company had not the time 10 make careful and &C
curate surveys upon which TO make up an estimate.
nor had they the money 10 pay Tor II until alter the
subscriptions were obtained. But from published
report Of preceding Board OF Directors estimating
| the cost OF completing the road st sb,WOOD with
spO 900 10 furnish locomotives cars, sc for running
IL and from former surveys and estimates then In
Office OF the Company covering the whole line 81
| tho road the above amount was taken ~ tho est
| mated cost Of the work and supposed 10 be In the
| ma ia But exUeTieuce has shown thsf they
were very imperfect and unreliable,
ID Al the time thu subscriptions obtained there
were iew public works OF any considerable magnitude
In progress consequently tho price u labor wa very
| low But the efforts of the Company were cnpphd
and delayed by the question OF location for nearly one
year and hall before i was nnAly settled At which
time large number Of public works were In prosress.
causing large Increase Ia the price OF labor. which
together with the well known very great advance In
the price OF provisions added very largely 20 tho cost
| OF the work Another serious difficulty was found In
the secluded character OF the country through which
great portion OF the road has been cOns,rueed almost
the whole distance from Oussille " Lanes0ofo, aus
lance OF about 40 miles, being through 'pIssly
populated country with few OF no productions On "hcn
10 feed the army Of and eans necessary u per
form the work consequently In addition to the very
high price OF provision. the cost OF getting II on ths
ground has been Oft nines almost equal TO the nUt
| cost
| Sd Another very considerable Item Of expenditure,
forming drait upon the resources Of the Company
the extent Of which vac anticipated at that tme)
Is found Ia the settlement Of the old Indebtedness of ne
Company the amount Of which was not accurately
known when the Subscriptions were obtained.
9Th The condition Vt the Road Ia Al that ums
such hardly permit train VI csrs 10 pass over
Il with ,si.ty all who were accustomed 70 riding
over IL At ina. time very well remsmDer-mlles Of the
Road stsnd uyon piles and tresse work In decsyed
state which required large expenditure 10 place II 10
a safe and permanent condition Tho locomotives,
cars &c with the machinery Ia shops, we're entirely
Insufficient, beside being In very bad condition Ihs
IA. also required large expenditure TO provide Tor hs
Increasing business Of the road
5th. The Company at that ume owned the Road ony
a. far az Goshen 40 miles from Permont Between that
and Mddetown IL belonged % ala Association OF Don
tetaen called the MIDI Associaton and although
held by this Conn any under agreement 20 run H.
had 70 be purchased and paid for before became tss
property Of the New. York and Erie Railroad Company.
9Th 10 tho estmss Of the cost Of the work the New
burzh Branch about 10 miles 10 length extending from
Chester % Ne~burgh, was not included. TINS Branch
Railroad the Company required by hs Act 81 18Th
May lss5 ~ build % the conditions 81 mo 70
ease u the state len ~ this Branch, s-~ster 10
reached some u miles than at Piermont and II
viii doubtless be valuable % the Company when com
ple.ed Upon making up careful statement OF the
coat Of the Items which will 30 ascertslned AID
stated 10 the forthcoming report 10 IL believed nat
about : 10000 viii be found 20 have been expanded
s.s, Of Middlstosn all u which became absolutely
necessary under tbs circumstances Of the
7th Bot great and importsn, tom u expenditure
"a found 10 the difficult and expensive Character OF the