The New York herald., 1850-05-21

Nnov lust what they can take II goes completely
eut of sight the loss cannot be much. 1t would be
uood stock for who have very little capital
nnd vb 10 lose that to take hold Of All the fansies
must at present prices, hang heavy in the hands OF
hsdrs and it will be hard wcrk TO get any Of them
above ruling rates Eris Railroad may be further in
sstsd 20 may Harlem Reading Railroads. but they
have all reached dangerous points and the chances
fact i've out Of six In favor Of fall Hudson River
Rroad has advanced within the past week about ten
per cent, the of which is doubtless the fact,
that the company have made very favorable arrange
msnts with several large capitalists for furnishing
fsnds TO carry the work to a speedy completion.
This will enable the company to make more favorable
contracts than could by issue Of its bonds direct
10 and guarantees the construction Of the
road upon the most economical terms. Whether the
rise in the market value of the stock will be permanent
depends entirely upon the quantity offered for sale
~ far very htle has been brought out and the stock
appears to he well held.
The receipts at the office Of the Assistant Treasurer
Of this port amounted to $lloooo payments, Sll2,-
ssS S4-balanee, s4s740l5 81.
The transfers Of Tinted States stock to Foreigners Tor
the week ending the 18th instant amount to s2ioo5o
follows loan Of ls42 $4,000; of 1885, $4,000 OF ls47
s191 $50; Of 1s4s, Sl5,50o.
The Kniokerbocker Fire Insurance Company have
declared dividend Of ak per cent, payable and
after the first day Of June.
1t 10 astonishing what immense amount Of money
has been sunk in the various works of internal im-
provemsnt constructed and in the OF consruc
Nen, in this country Very few reflect q moment on
tbs subject and during the different periods specu-
tons which have, within thepast twenty years been
experienced every has rushed headong into every
hind Of bubble which has presented ITSELF 1t is
sueh times passing through, that the
erglnators Of schemes take advantage to push
forward and draw in men Of means The most favora-
hs estimates put forth Of cost and the most extra
VACANT estimates of income made, for the purpose o
attracting the visionary, and deuding those who
inflicted with supply of confidence. We nnd
IN the papers now notices Of the formation Of dozens
Of new companies Live Stock Insurance Companies,
Life and Health Insurance Companies, Insurance Of
Debts &C. &c, all before the public for susscrip-
items to capital stock and for support Railroads and
canals are contemplated and laid out in all parts Of
the country. Mining companies spring up like mush-
Discoveries Of gold made in all sections of
thc Union and those who have little capital and wish
to invest it man<ny where 1t Ia Represented divi-
dend ten twenty and thirty per cent will be declared
annually, will ind difficulty In doing These
things have been done frequently before and have
no doubt they will frequently be done again Bubbles
are apparently easily inflated they
pueked now as in times past. Almost every civilised
country the face Of the earth has suffered or
less from these bubbles and the future will probably
be prolific in them the past has been. In Illus
tron Of the truth Of this have only to turn to the
FIRST and last chapter of the history Of rsr in this
country and in Europe In Great Britain the deprc-
citation in this species Of property has been
having been, in the aggregate, full Ave hundred mil
lions Of dollars and in the United States the depre-
citation has been proportionably greater having been
full nifty per cent Of the aggregate amount invested
Rarssds in the United States have cost at least
dred millions Of dollars and they not worth at this
moment, cent more than half Of that amount or
about hundred millions Of dollars; and doubt II
the aggragts net earnings Of the whole will pay six
cent on the present estimated value Spectators
may for time initiate prices for these things; and II
We take the present market value . criterion the
sspresiatiod may not appear 30 great have
named but The income cannot be affected BY the
movements Of speeulstors the work Of depreciation
srsstsd by Wall street nnansiering. The very sddi-
lions being made to tho miles of railroad in this
country Fastening the aggregate Depreciation and
ssmpettion must, before the lapse Of many years
bring about the ruin Of many who have their all In
vested In them While this result rapidly approach
ips this mode Of inv sstment the works will be Of vast
service TO the country st large Bvery railroad built
viii Aid In developing the Of the country
matter how many individuas may be ruined In thei
sonstruetion The evil will be partial but the good
universal
We hsve had, a. yet, comparatively little sompeti-
tion In railroads In this country In Great Britain IL
Ass been carried to runous extent and has been
efths principal Of the break down and deprec
stion in this species Of property We recollect
when mania existed for building turnpkes, - great
that raging In relation to railroads-when
trust funds and the widows and orphans mite were
invested In those works the safest and most produc
tive Of the dsy. Every anxious to have q
turnpike run past through his farm, and people
Dortgaged their real estate and landed property to
raise money TO purchase stock In these concerns.
large majority Of the original subscribers TO these
turnpkes lost large Of money and few Of those
who came into possession at enormous deprecis.
tion, made money. similar course of things win be
realised In railroads and Afcr many years when they
have changed hands three four times, at heavy
rcduston in vsluc each time they viii fall into the
possession Of parties who may make them productive
Investments To do this, they must undergo vast i'm
provemsns In the system Of management, aud vass
reductions In the expenditures. The losses already
realised by the original Subscribers TO railroads In
every section ofths cosnry have nearly destroyed all
confidence in them and made utterly impossible 10
nil up the capital Of any company eontem plated
by private subscription and the Legislature of nearly
every state In the Union has, therefore, authorised
sities towns and villages to subscribe In their
porate capacity to thses works whom the citscns Of
said cities towns. Ae, shall BY special vote, give
stoek Exehanse.
ssN Uscs ~ ~. 10 shs Canton CO 80 q