The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-05-03
Meeting for the Pennsylvania RAILROAD.

PmrLsprLrHiA, May 2-4e Up NJ
At the request OF the Board Of Trade the citizens
sembled in town meeting this evening the Chinese
Museum for the purpose of taking to hl the
subscription of stock to the Pennsy lvana Railroad
Joseph II. Ingersoll was called to the chair He
stated the object of the meeting and the advantag
Philadelphia would derive by taking immediate and
energetic measures to this railroad completed Il
would be the key to the whole trade of the West lie
was assisted by number of Vice Presidents and Sc
aries
The meeting was also addressed by Judge Kelley,
Morton McMichael Hon. H. .. Moore, L. A. Penniman,
and MIR. Hayward.
The Phila elpha Contribution Insurance Company
subscribed $4,000 towards the advancement Of the
work.
The following preamble and resolutions were adopted
Whereas the early completion OF the Pcnnsylvani4
Railroad is of the highest Importance to the capital,
enterprise and labor Of Philadelphia and essential
the maintenance Of her natural position and impor-
tanca among the Misunderstanding and commercial
munities Of the Atlantic seaboard;
And whereas, the subscriptions heretofore made to
the stock of this company will be exhausted by the
completion of the work to tho Tyrone FORCES, point
twentyfour miles east OF the Allegheny For age, to
which place the road will be accomplished during tho
coming summer;
And whereas, the stockholders and directors adhere
to their original determination to construct the road
with the capital Of the company only and to avoid the
making OF loans which has proved disastrous to tho
commonwealth and many OF her cha rtered com
Therefore resolved, That the com plction OF the
Pennsylvania Road to junction with the Allegheny
Portage before or during the coming spring would give
q great and-immediate impulse to the mercantile and
turing interests of Philadelphia invite to
the road sufficient trade to remunerate the stockholders
on tho capital expended in its construction.
Resolved. hat the experience OF Boston and other
cities in the immense increase # the taxabl,
and market value of their real estate consequent upon
the opening of their western and main lines of
should induce the capitalists of Philadelphia to embark
in this important work and guarantee Tho safety and
value Of such investments. -
Resolved, That prompt and energetic mel
should be taken to obtain the requisite subscrp
$4,000 shares and that hereby pledge ourselves
our best excrtions to effect it
Resolved, That in view of the fact that the benef-
cent results of this great work will BIZ felt well in the
increased value of property and labor in the inc Jrpo
rated districts by the city OF Philadelphia and that
the city has made liberal sub crpton. We mos
heartily recommend the commissioners of the Si'a--s
districts, in their corporate capacity to lend ehsieht
aid to the enterprise.
Resolved That the President Of this meetin appoint
committees to solicit subscriptions TO the stoc
of the company, aud committee from each OF the in
corporated Districts and Townships in tho County to
invite the attention OF the proper authorities of their
respective municipalities to this important subject
Resolved That the first name of each comm be-
the chairman thereof and that such chairman be
ql ested to the respective mmiLtee
practicable, and proceed to the duties assigned them
and that each committee have power to add its
Der.
In pursuance of the fifth resolution committees were
appointed to the city and srom the lively int
rest manifested there is but little doubt that the 70
quisitc number of shares will be subscribed.