The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-11-22

1t by this that there has been, within the
pact three years considerable expansion in the move
neBts OF this intttution. The circulation has since
March, ls47 more than doubled, while tie specie
but about forty per cent. The line
OF leans has experienced expansion Of considerable
importance. corresponding very nearly with the in
crease in spoets In the other departments, there
has bee material alteration The increase in the
aggregate Of Sept 80, 1850, compared with
that Of Sept 80. ls4e. amounts TO S76fsi9 SO.
In remarks q day or two since, relative to the
Toronto and Lake simcoe Railroad, we omitted to show
how much the distance between this city and Lake
Huron would be shortened BY thi, route, by the
struction of only eighty miles OF railroad. BY the
ogdepsburgh and the continuation Of that line
Prescott Toronto the from Boston to Lake
Hun could lie made in forty eight hours, or less,
while from this city 1t would occupy but little tme
particularly when the communication by railroad with
Lake Ch0mplsn IL completed To our own people, this
IL not new They know, from experience that the
null ipli alton OF veil located routes
poIoing increase of business and that for the princ
pal railroads in existence and which may be made
tbse states and Canada for the next twenty years.
there will be- 81 much, and more, business than
they well apsaot always calling for additional
iaeies 10 carry merohan disc and people to and from
the great n.arJs Of commerce. These facts give
Tor tks teue Of the council and inhabitants of To-
routc, knowing from experience that is takes hard
knocking 20 make them comprehend even what ia
for ti,ir own interest, let alone that Of others
We were led this by the perusa OF the report
Ia the Toronto papers Of th proceedings OF the ooun
Gil special ttiug lately held for this particular
object, and nom having been Informed that u most
geous tender has been made to the directors
Of ne company in Toronto, by Messrs NJ. q. story&
Co. one Of the most extensive aud best experienced
companies Of railroad contractors In this state gon
tlenen OF great wealth and the most undouoted probi
IT, The Council and inb sbitants OF Toronto cannot
hesitate 70 accept Of this offer The terms most
bers and the cost under that Of the average Of roads
contributed In this country. We are not without
hope that the tender will he accepted, and the work
Immediately esmmenced;. for perceive toat there
age some ct least OF the Of property In To-
ronto. promoters OF the enterprise, and IL would be
we'll for ID general interests OF the city, aud the par
tcpar Interests Of the udovuers all OF them 70
initiate the good example Of those who have already
cone forward By united action they could easily
accomplish the work without extraueous support II
they only knew the way TO so about t. We hope that
Mr. Story will pay them ysit before the winter sets
en- aud pat them on the right track This northern
roaI it only small portion Of what has to b. doss In
Canada the great Western, the Toronto and Hamil-
ten. and TIE Toronto aud Prescott roads might DO
proceeded With simultaneously; but there must be q
beginning somewhere and Toronto, TO all present APP
rearssoes Is 60 bs the starting point TO the North