The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-01-18

nsots With the Msdi,on Railroad, extending to San
dusky and thence by steamer, railroad, ho With Buf
| fAlo, Albany, and New York. The whole amount In
vested In the road up to this time, IL slsls&o2 30
which includes three valuable depots locomotives oars
ssd all ether property. The oss earnings Of thsfosd
for the last year have been s9sooss 49, showing an
ncreae the gross receipts Of the previous year
SIS e+6 &c. The net earnings, the profits after
deduotiDg expenses, ere $l46,072 4S, which would
afford dividend Of OK per cent per annum on tho
capital stock, and leave surplus of $l8,l75 80.
During the year ls47, the number OF through p..-
sepgers from Cincinnati to Springfield was 80 Os7;
the number OF passengers to and from intermediate.
places was 81 4es-whos number, 81 65S The compls-
ton of the read from xenia to Columbus is promised
within the present year.
A day or two siDos We gave statement, smsnatine
from those interested in the New York md New Haven
Railroad Company, relative to the difficulties growing
out OF the refusal Of the Hartford and New Haven
Railroad ComIsn to make the connection Ia trsius
so that through passengers would experience NO d.
teption or delay. The remarks made ct the time Al
iuded to were calculated to throw all the blame unon
the Hartford Company; and o. there Is always two
sides to every story 1t is than justice that both
parties should have hearing before the public mind
becomes made up. appears that on tho 18th of d.
cembsr last week before the through trains Of the
New York and New Haven road commenced running
the Hartford Company formally invited proposals.
from the New Haven Company for tie perfection OF thu
through line, and the accommodation Of through pa.
sepgers In this notice It stated that the Hartford
company having Q line Of steamboats, running
between New York and New Haven, IT, must be
borne In mind that In tho terms proposed tho
purchase Of these boats ct fair valuation must bs duly
vi
proposition, the New York and New Haven Company.
proceeded in the completion Of is road, aud to the
arrangement Of running time 60, Independent Of the
hours which had been 90 long established by Hart
ford Company. About ten days after the line was
opened through from New York to New Haven that
company frst made known It's wish to perfect an ar
rangsment with the Hartford line Negotiations then
commenced and have been continued up to this time
without having resulted in anything satisfactory to
either company. The assertion that the Hartford
Company have refused fair and equitable terms is off,
ciay denied. 1t il true that 1t has made the pur-
chase the boats forming the line between this city
and New Haven, an Item Of some importance In the
arrangement but the authority from which We derive
the information denies ahe statements relative to ex
orbtant charges made fer the boats or other property
necessary for the Hartford Company to dispose Of in
the event Of forming the through connection Their
boats would be rsehss that line, and they
would have to seek some other place Of employmsut
and the New Haven Company expect tso muoh II they
expect the Hartford Company to form . connection
which will ruin its steamboat line II must be borne
in mind that the Hartford Company gain nothing by
connecting with tire New Haven Road, snd it IL ques
ton If the travelling public would gain anything by
withdrawal Of the boats to and from New Haven, a.
opposition reduces the cost 4 expo
dion Of travel. In the event Of these companies NOT
agreeing upon terms and their trains
of each other the boats would reduce the price Of pas
sage between New York and New Haven to
the lowest points II the boats carry passengers
for fifty cents per head, and the road charges
dollar and fifty it follows that the boats would
carry q majority Of the passenger 1t therefore Is
all important that the New Haven Railroad Com.
pany should have the control Of the steam
boat line, to obtain which 1t is necessary some
contract should be made with the Hartford Com
pany, 80 that any ether steamboat company may
not be able to put boats the line and CON.
nect with the road In any contract the Hartford
Company may make, It must Of course be stipulated
that no steanb boat line viii be placed upon equal
footing, and this monopoly guaranteed to the New
Haven Railroad, will be invaluable to that company.
We have thus given the other side Of the story and
drawn differences from It, 1t would be we'll for the
Hartford Company to publish an Official report Of the
proceedings they have progressed and the present
position Of the negotiations, 80 that the New Haven
Company may make q counter statement II possible,
and the public be put in possession Of ell the facts
nected with ths affair This matter has created great
excitement and is necessary that the companies
should acknowledge refue the accusations made We
wish to give both opportunity to do and trust
some satisfactory cement of existing difficulties
will speedily be made.