The New York herald., 1850-05-03

The receipts Of the Eric Railroad Company for the
month OF April 1850 sliIsSf So against $50 l23
"a, for the corresponding month in 1919 showing
increase of s19Ssl c5. for the month this year The
above rum this year from the trac Of 900 miles of
road while the receipts Of the Baltimore and Ohio Rail-
road Company for $50 ies Of road for tho month OF
March last, were $4,000 There are, at least two
other railroads In this country earning more Ia tn
srgregate than the Erie. one half the extent os
road We allude to tho Cdassachusetts) Western and
the Baltimore and Ohio; the nrst costing about min,
million of dollars, and the latter seven million
when the running expenses on 800 miles Of road
and tear of track depreciation Of superrrucure and
bridges cost of maintenance OF ferry and lateral roads
interest bonds, and floating debt all paid for
the month of April there win be very little left out of
one hundred and forty-two thousand dollars to pay
anything else.
The Portland and Kennebec Railroad. from Portland
to Augusta, requires large amount to finish it. All
the towns along the line have voted to apply to the
Legislature for leave To sustain the enterprise with
their credit. Augusta voted last week 1913 to 1876 to
petition for liberty to raise S2O0oO towards hushing
the road The whole cost Of the reed estimated at
s, 900 oo0 and only $40 20 nave been paid In. while
the expenditures have already reached sll45 os3
The Portsmouth saco and Portland Railroad have
voted take 100000 Of the stock and il IL estimated
that 100000 more may be collected Of the stockhod
eYs.
From the vicksburg S<m,iusl OF the 10th utimo. We
that Mr. Weiss agent of the foreign bondhoidcrs
the 18th, nled petition In the Circuit Court OF
Warren county praying the issuance Of a msndamus
10 compel the OF the State to pay him the
amount Of the sinking Fund now in the Treasury.
which fund especially created to meet the contn
eeney Of failure OF payment which has happened since
che contraction of the debt The amount Of the Sink
iug Fund in the Treasury about hundred thou-
sand dollars.
The directors the Connecticut River Railroad have
voted 70 create the amount Of 100000 or
$500 COO they empowered to do by acts Of the
Legislature, and 10 give this stock preference
for ten years, 10 August, 1880, guaraniying to Its
holders pr cent semsnnusiy, from the earnings Of
tbe road.
During the past three four months there hos been
considerable excitement In the cotton market. and
prices have advanced very materially In the face OF
this advance and the known deficiency In the supply
q the material tho manufacturers this country
have until lately not only fall time bat have
extra time with double eet of hands, while Ia Great
Britain just the hns bcen the many mills
Of Manchester having, for several months past run
short time. This great activity among our manu-
facturers was actually necessary, carly In the
season, to keep up With tho extensive do
mand for goods for actud shipment ana for
speculation, but lately the demand has fallen on
rapidly and stocks have been sccumuiatins In tho
hands Of the manufacturers. THIS, in the face Of
probable increase In the price Of the material Of
t~o or three cents per pound and the probability of
sr,st stagration In trade for nve Elk months has
fereed the manufacturers 60 suspend altogether or
work short time This stste of things may be made
available for the purpose OF urging Congress to make
come changes In the present. tariff act and We have
no doubt that the suspension. partial storpags Of
few factories the East will be attributed entirely to
ths ruinous operation Of revenue tariff" 1t viii
coon be time for the advocates Of a high protectv.
tariff 20 commence sgi.&.ing the matter aud II they
suffer this opportunity II pass they may have to wait
. long time for another Judic,ously used, the fact
that Of the New England factories had contract
ed their OPERATORS, would bc Of infnite servc. In
opening the eyes aud quiekenlng the perceptions Of
tbe radical free traders of the South to the ranous
results Of further adherence to thai system II we
look deep into the question, below the surface
of thing, shall find that the tariff, the rate
Of duty, upon articles Of foreign manufacture,
corresponding with thosc made la New England.
ha. very little 20 do with IL. We stsii nnd that
che dinicutics under which they labor are In the
fr.t place, merely temporary, and, In tho second
place the rcsut entirely of the msmsnsgcment os the
financial Affairs Of the companies concerned In the
suspension alluded to. The absence 81 sound judg.
rcods-te' ping TOO far in advance OF the demands
more rapid advance in prices for ths material
than In Manufactured sood,-thc anticipation OF an
immense trade growing out Of the California move-
rent. and doxcg other things all tending to nfste
the calculations of those engaged In business have
been the cau-c of the reaction that IL nor being
realized, and the disasters aud cm5srrDsment. Witch
NUT follow. IL may do we'll enough for political eject
20 attribute all the-e things TO tho influence OF exist.
ing ssts, regulating trade and commerce; but such
tusbcar. have been paraded often ths, the public
mind has be- dl-gusted with them, and pays very
Btic attention to them According to the theory Of
proteetiopi.,s no interest need be otherwise than
pro.pcrous " properly protected by the government
end they therefore think that every arrangement in
the eorrrcc Of the country Il caused By the absence
Of proper laws n the manufacturers - Lowell and
Lawrence have any other object In view but imms-
dat. ss protection and recovery from an injudcious
sdministrasiou Of internal affairs, shsli
what u H. In the meantime let turn attention
W the manufacturers Of the South, Who quietly
pursuing the tenor Of their gay, regardless Of
gpvernaent support, or the policy pursued by the
great man ufacturipg capitalists OF the old or nsv
world.
The South 10 progressing moro rapidly In this I'm
pcrtsnt branch Of domestic industry than ths people
81 the North drram o. Cotton factor-. are rising up,
snhy magic in almost every village In the Southern
states South Carolina. Georgia Aisbsma. Loui.ians.
Tennessee and Kentucky have Zach miilions Of dollar.
ynve. ed In looms and spindes for urius the
sav material, that grows Ia such sbund.nes ct their
very doors There are many cotton manutsctorie. In
che Western and Southern States. In the high
o., ste Of prosperity which not only make sosi div
jd-nds but the stock Of which commands in the mar
tes high premium. Ccmpsaie. With lees capital than
NOT of thc.e iocst.d In Lowell, snd moderate fs
silti.s than tho@s which have not earned dividend
during the re year, have ben doing profitable bu-
rne.. and their stockholders have no reason 10 Ind
fault With the present tariff There is vast deal Of
.x,rsvsrnnce In the management Of nearly all the
t.rrs manufacturing e.sbii-hm ents Of this country;