New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-05-15
or a, The most $4,000 of the resource. of the Company in

4 Sons EN- 1ndOubtedly
cost OF the road Poughkeepse over the estimates bin
ero placed before The stockholders The exent OF THIS ex
=. DISSSea Of s che &
been defsyed; applicable 70 the whole hne 10 deducted
| frequently experienced In similar csses
During last and while the construction was in
ful operation with over 600 men at work The choerawa
prevailing to an alarming exen-t affected most OF the
eneers and many other officers and the men generally SUI
Tered from H. The occurrence OF this spidemc a. the mo-
nen Of such large expenditure the rendered
impossible TO obtain fun amount OF service, and greatly
increased the expense
Throughout The Highland region the rock hal been well
examined but when penetrated both engineers and con
from what promised the first inspection. large sd
diion To the expense resulted from his cause.
But The most perpexlng and me least expected ohcl
ihs, construction Of the road ID greatly add 10
The value Of all the river property and the result has more
ought 70 have operated syoraby The claims for damages
Far from this being The case the hostility from many lad
Legislature for change in the mode OF assessment owing
The which attended Efforts TO prevent acquiring
title. One whole lost from the opposition thus
shown by whore fortunes have been largely Increased
| by the establishment, OF the road.
The loss felt net merely 10 the Increased price OF
land The estimate but 10 the important matter Of
| losing an entire season from delays
The Company has also been exposed to combinations
from contractors ard 10 delays founded Efforts to CO.
extra compensation from the necessity Of rapid pro
| gren
In presenting these views II Is due neyerheess to the
Directors 10 sae that impossible for Them 10 know
whether estimates not with their Imperfect
knowledge Of the subject when first appointed and
hey were compelled 10 take Of engineers
which they ought not under the circumstances to be held
As 10 the cost OF the extension to Albany they have
desvored 10 insure care In The new estimates 50 as 70 pro
DISAPPOINTMENT and they present those Of kr Young
with confidence founded on the experience OF his assist
sns on bis own weknown skil and ability On Toe sscsr'
tanned OF The line below and the disposition winch
he has manifested to meet the wishes Of the Board and
| give fair f1l and perfect estimate
The above Poughkeepsie was always estimated
al much less proporionaby than TIE line below and such
Is the present estimate founded on careful Fesarveys ras
fpde IN hO at the line
the river
The receipts from and the charges Of operating the road
will be found IN the Treasurel's statement in
which he Board would remind the stockholders ,hA: these
items 90 far should by no means be akeo criterion for
The ratio Of expense 10 The receipts for the aIure Il will
be recolected that The road hurried 1l) operation to
the expectation Of the public that the prevalence
me eeoTIs pa PTey1a at a W & rese & n
or less embarrassment has been experienced from the
motive power for gravel trains which have been in
use ia embraced in The charge for transportation
In addition al these, the usual extra expenses which
ayoidsby occur in putting vast machine IKE this into OPP
Grafton may be mentioned
debied 10 MI Young for the energy activity and wschfu
which no bas exercised in supernterdance AMI
he took charge oft II subject Of doubt that ii svel
grade and advantages OF position Of this road VIII enable
business 10 be transacted on II at Is low scale Of cost
on any other in The county Independent OF vews
economy will by experience be introduced in many
On the opening Of navigation TO Albany, propositions
entertained from the pToprietors of The Peoples
road twice day to and from POugbkeepse and Albany
Arrangements were made with them to that effect by
which and half 10 two hours saved by The road
In the passage through The steamboats, South America"
and Joseph Beknsp' have thus been employed SO far
ing thorough repairs including new boers 20 take mo
day line 10 a few days, when Inc soulh America Ia
be flied with new boilers and TO take the morning line
from Albany and the evening line from Poughkeepse.
Wien he usual dsy line Of boats is PgL IN motion the
ticket passengers through from Albany with the privilege
Of landing a. Poughkeepse and taking the railroad from
thence; AID leaving New York at o'clock 10 the
ing they stop al Poughkeepse and receive passen
ger from the road; by which arrangement passengers
Poughkeepsie those who len the city by the boat
ocSsf and ses issy9g Albany may bo
,oI e Ts g %s by ss a q so1T for The rail-
BY The trains and 81 to a hours for about 10 miles perform
This arrangements made equal division Of fares
jointly earned, without any responsibility
part Of The Company for the charges and hazards OF
the privilege Of Transporting their through malls 10 the bag
b o. ss ROAD hs a e con
INTO competition for the through man without mourning the
responsibility Of hiring steamboats, which has beenthough
The Important que,oEs that remain be noticed are
phn this work to be extended to Albany and chat
the plans OF the Board in this respect.
TIE trst he Board VII no, dise9ss II can be finished
thest by tie LIST January following; and they therefore
consider u TO be decided that II will be done Whether II
wi remain for nem TO carry on to that point OF whether
the stockholders will think proper the approaching eec
ton for Dir cors, 10 commit II TO other hands they feel
| assured the result VIII be the
The purchase OF Ion and other preparations for carry
ing The work have been stated good portion Of he line
Is now ready for letting and the whole soon will be- Two
sucon, the remaining conrnc,s win be entered into
From The data furnished In the Report Of the Chief En-
Rneer and The Treasufers statements all can estimate Tor
themselves The aggregate coso the Road from NewYok
10 Absny-ihe Board subjon their views 10 a summary
estimate which they believe will not be exceeded
The Board have nas presented 10 the stockholders and
their fellow ctzens, full and statement OF The
condition Of the Company 90 that others know Of
precisely what the directors 90 themselves They have
conducted the arduous which devolved upon
them with the same but with other interest (apsrt fOn
what they hold Of the stock and bonds than
The merchants the property holders and the la5orng
esis Of this community.
This connection with 1t increased their confidence
ard source Of certain and great benefit to the and
especially totbe City Of NewYOFk The great increase Of
ave on me Road since II has been open 10 POughkeepso
10 shown In the Report OF the Chief Engineer Ths early
experience, as compared with that Of the best railroads h
tie county, sausactory, showing that the earnings Of
the Road even TO PouRhSeepsie, VIII afford more
PIE provision for The interest the first mortg Jnds
The experience Of lis operations has also demonstrated
that IL has nothing 10 fear from competition az.
know lodged 10 be the best continent for travel and
business which owing TO the naiurs features of the
try be diverted from and increase A The
West advances In population and production II
ing iaci that ne central line between Albany and Buff
has Increased it's business ibis Winter part OF the
route, Notwithstanding the diversion Of portion OF II u
nnoIher chRnnel The experience referred 10 has further
shown Thai The speed promised on this Road when
seled conoiion has been realized Ia its present con
onon ara mat passengers can be transported from New
hork TO Albany including the stops In four hours On
route oesnto 10 De The beat peTha In The world this fact
must be dec AS 10 the question profit even on high
en- cost Than will reach when the average lime
by Diner cninuncRuons must be least double wh ma
Road viii require when finished ~ ~
In add to The certainty with which the Directors a-
Impressed OF lis remunersive qusres they desire 10 v
press hen convcuon thats connection with he poiot a,
winch center me vast improvements OF The State aud from
which we are disconnected nearly onethd Of every
VIII be OF gea Importance TO the prosperity Of this civ
VIII greatly extend the industry Of the State and be me
means OF bestowing all labor within Influence hetr
and certain reward NN''S'
These incentive. to exeIton are sufficient for the employ
a AZ hin fhatrw
dressed intelligent capitalists with the ,nvcton thai all
WHO so 10 ue construction " The viii have he salts
faction which arises from safe investment and bsness
use OF their - 1'.'
In cosing their Report they beg leave TO add that Sir
John h. Jeryis, who has been connected with a., os