The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-02-09
CelIRRCIlL AFFAIRS,


HONEY MARKHT.
Thursday. HsS. s-6P. n.
The improvement In the stock market stili eo.ti.
nuss. The fanoiss more In demand, and prices
are creeping up again slovy. The money market re-
mains about the same, but thsrs prospect Of an
improvement by release Of portion Of the govern
ment deposits. An arrangement L. about being per-
footed between the Secretary Of the Treasury aud
CLIQUE Of Wall street nnsnoiers for the redemption Of
large amount Of Treasury notes at par the Score
tsy giving the prsssnt holders the privilege Of pur-
chasing equal amount Of government stock before
the expiration Of the period provided BY law for the
redemption Of all outstanding Treasury notes Til
will relieve the market temporarily, and H. In the
meantime, good news should BE- received from San
Franeiseo or Monterey, money will continue very
abundant, and another speculative movement In the
sncies will put the bulls again In the ssssndanoy
So far - an advance in quotations for stock
csrnsd, everything depends upon the complexion Of
our next sdvioes from California
At the nrst board to-day, Treasury notos went up
y per cent; Harlem, N Long Island, y; Canton, y;
Farmers Loan, u; Reading Railroad, y; Erie Rail-
road, n; Morris Canal, VI Norwich and Worcester, u.
The agent Of the State Of Illinois has received 70.
mittsncs for the payment Of the interest on the
900 Canal special loan, due the 1t Of March,
and also to paw instalment Of Dor cent on the
principal ofthat loan.
There pstitionbefors the Legislature Of New Jsr.
sey for charter authorisipg the construction Of .
railroad from Keyport to Camden The Legislature Of
that State much under the control tho railroad
companies already incorporated and in aetivs opera
ton within her limits with which the oontemp plated
road would into competition, or less that
We have little hope Of . charter being obtained The
proposed line from Keypsrt to Camden passes through
~ h>0 kakA ~L h..
but by common country roads to market and 10 much
in want Of railroad. There can bs but one ohjse-
ton to granting this charter and that h the fear Of
interfering with the monopoly system which has n.
rived at such perfection in that State BY got pass
ed by the Legislature Of New Jerssy In $780, relative
to the Camden and AmLoy Railroad and Transports.
ton Company, 1t appesrs:-
That the State Of New Jersey shall sutberiss the
construction Of any other railroad for the transports
ton Of passengers ACROSS this State, from New York
to Philadephis, which road shall be constructed and
uWd, and which shall commence and terminate with.
OF the said roads authorised BY this then the pay
ment Of the ead Of for each passenger,
and fifteen cents per ton for merohsnds to the
Of this State shall and the said company
is hereby sxonerated from the psymsnt thereof Pro-
yided that II any other railroad shall b. constructed,
New York, it shall be liable to tax not less than
the amount payable to the State BY this mpsny.'
This in the hrst place, docs not prohibit tho con-
struotion Of road even within the distance named
merely stipulatng that in the event Of such road
being built the same tax upon passengers and freight
shall DO paid by the new company, OF with
drawn from tho old This the company could
not object to; It would, no doubt, II necessary,
for the purpose Of providing revenue for the State
treasury prefer that the tax should be continued on
the old company and charged to the new, than have
removed; for 1t by means follows thu. exorbtant
prices should be charged for travel and
because . tax Of ton cents per head passengers,
and fifteen cents per ton freight paid to tho
State IL for the interest Of the State that
many railroads should DO built within its limits -
possible II this tax 10 levied upon all And the best
policy to pursue is to grant every charter requested
and place all the companies upon the same footing
The Camden and Anboy, and the New Jersey Rail.
road Companies are in fact, and the thing,
under the control Of the msnagsrs and regulated
by the Same system Of extortion. Being In the on.
joyment Of Of the most odious monopoiss Of the
age has been made ss oppressive possible upoa the
travelling community; the geographical location Of the
State from which it derives exclusive privileges favor
ing every way the aim and object Of the clique ma
naging these important links In the Communication
between the North and tho sonth. There u
for these grievances but by revoluonispg the system
Of legislation in New Jersey snd We trust the time ID
not far distant, when liberal policy will DO
pursued relative to the Of railroad and
other oompsnes The petitions recently presented for
charter auth orsing the construction Of railroad from
Keypsrt Camden will tssths character present
Legislature, and have curiosity to the re-
suit of this application This 10 the most feasible route
In the State not covered by railroad and this petit
ton 10 the only before the Legislature for road
coming int compettc in any way with the great mo-
nopoly lines, and We shall soon see " the influence
a au6 MT tn ha If
bill.
The srpsss recently made of ths Affairs Of the Cam.
den and Amboy Railroad and Transportation Gem.
pany has created an excitement In tho public mind,
which will not be easily allsysd Theinvsstgaton made
by the self appointed committee Is by salts
factory The manner In which that exami nation
made, and the manner in which It was adopted ct Q
meeting Of the stockholders too we'll understood to
restore confidence, or to remove the impression pre-
viouy entertained relative to the manage mont. The
managers Of the Camden and Amboy Railroad and
Transportation Company have been directly and
psaedly charged with fraud and nisappropriaton Of
funds belonging to the concern and the Withholding Of
earnings from the stockhodsrs without any satsfse
tory report Of its disposal These charges having been
made so strongly, the managers were compelled to
meet them, and accordingly appointed committee to
examine into the affairs Of the company. The report
Of this committee favorable the but
Il IL stated that the members Of the committee
selected from the management, which, true destroys
at once public confidence in the report and gives
strength to the charges made.
II these charges false II there Is no foundation
for them, IL would be well for those to whom they
applied to os upon the Legislature for the appoint
ment Of disinterssted committee, and give that COM
mttee every facility for thorough investigation We
would not give rush light for report In favor Of any
incorporated company II It was signed BY scores Of
the mott distinguished names In the country unlsss
1t appeared that Of them had any private mo-
tive or individual interest In the matter We know
full we'll the value Of "hghly respectable whom