The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-11-29
Total...

Ff1rkt Twelve days.
The receipts for the present month are estimated at
100000 which will NOT vary much from the result.
Taking this estimate aud the fetal receipts
for the current year are sslo759 SIAN increase OF
1904 ass 90 on last year.
The railroad from Lake Champain to 0gden,burg,
owned mostly By Boston capitalists, Is in successful
and profitable operation. 1t commands much Of the
trade of Upper Canada, northern New York and the
Western States 1t has diverted and will continue Ito
much greater extent) to divert business from this
city, unless efficient measures are adopted TO
countsrsct it. This is caused by the exemption from
State tells to which canals subject as we'll as
all our railroad, running them. Hence they
enabled to carry produce and goods at onehslf the
price, per mile, on the ogdensburg and ohamplain
railroad, than 10 done by railroad or canal to Troy
and Albany Produce sccumulates at the 0gdensburg
depot much faster than all the they can get can
take It away
The Erie Railroad is also exemp. from the payment
of State tolls. The local business however long
lin Is great to engross most Of its capabilities
for transpt ration Were It not its route Is not
adapted to receive the business Of Upper Canada which
seeks outlet aluiost entirely through Lake Ontario.
In fact no railroad can com pete, In cheapnes, with
ship navigation 1t then evident that the shortest
route for conveyance by railroad from the lower end
Lake Ontario the navigabe waters leading to the
seaboard thGt will also be exempt from State tolls
will command all the transportation II is susceptible
Of be paying stock, and relieve the plethora OF the
Boston railroad through northern border Lake
CbanriAin.
This desideratum now be effected through the
nberslity Of State Legislature, which has devoted
Csc OF it's best lands In Herkimer aud Hsm
ton counties TO that object tits but 140 miles from
sackets Hartor TO Saratoga Springs A survey ha,
been made and its prsctcability sscertained. 1t Il
ed that n railroad ean he built ma
two millions Of dollars. The most prominent Of
saratogs county have called a meeting at saratogs
Springs, which to have been held the 9th Of
November, inst. From Jefferson, Lewis, Oneida Her.
kmer, Hamilton. and fulton we'll as Saratoga
ties many Of their enterPrsing citizens would attend
They fully entitled TO- and expect the preparation
Of the cities of New York Albany, and Troy, whose
the local business Landholders too In that northern
section Ct the State expected to attend aud take
part In thie much needed improvement, to relieve
them from the payment of taxes, aud bring in an In
come lands that require this railroad to make them
valuable Capitalists will doubtless see the advsa-
tsgts Of inves:lug in t. s business must
rily under gooA Management, yield high rate of in
tusst apart from the advance In value Of at least
lion Of dollars the $50 900 Of State land
devoted 70 a. Our merchants, too, who have derived
lsrge prohts from Northern ana Western trsic will
not Il r. presumed, be backward In subscribing when
much Of their trade Is being diverted when Il be
checked By a cheap and more direct route to their
awp