The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-05-30

rency Unfortunately for the Of this great
movement, explosion took place in Pennsylvania,
that completely frustrated the proposed plan. The
susquehanna Bank was engaged in the important
matter, and the suspension of that institution, which
Immediately followed by the explosion of the State
Bank Of Morris New jersey destroyed at the hopes
Of the financial philosophers engaged and opened the
eyes of those who had been extensively duped For
unatey for the people of the West this denouemen
place before the large amount Of bills sent amsng them
for distribution had been put into circuation and the
receivers Of each Of the three banks engaged in this
snancal operation, have found 1t very difficult to tell
which bills actually in circulation, and which
in the hands Of agents. at the time of the collapse Bills
which at that time in circulation have been since
bought up by brokers' the receivers have very diff
fcult duty to perform in making proper discrimination
In the division Of assets The twenty three thousand
dollars in bills Of the New Hope Delaware Bridge
Company were it is strongly suspected portion Of the
batch loaned the Columbus Insurance Company cir
cuate in Ohio and the party presenting them underwent
very and tedious examination and examina-
ton 1t the intention Of the to refuse every
BILL satisfactory account Of which cannot be given;
and they succeed in detecting and rejecting the large
amounts surrsptitiousy obtained the other biholders
and stockholders may get good dividend. The
the subject will be thoroughly investigated finally
disposed Of While the receiver endeavoring do
their duty in relation to the debtors and creditors
the New Hope Delaware Company the susquehanna
Bank and the State Bank of Morris hear very little
about the parties guilty of the swinding operations
which led to these explosions and the probability that
those whose duty it is to bring these offenders justice
will suffer them to at large, to prey again upon the
community We cannot call to mind solitary instance
where these nancering philosophers has been
ycted and punished Our State prisons and pcntentares
filed with burglars and petty larceners-with poor
devils who have perhaps, been compelled, by pinching
poverty to perpetrate small piece Of vany-while
hose who have robbed thousands of their last dollar
who have wasted the which widows and orphans
have depended to keep them from sarvaton-who have
roted in luxury, while their victims have walked our
streets beggars-s rank high among most honor
able and respectable citizens and continue to hold places
of trust. The influence Of money in courts Of law
is too papable to be disguised We need not 60 back
months to find dozens Of illustrations of its potency
and power; and it is therefore, folly suppose
ment that justice will be melted out to those who of all
classes Of criminals the face of the earth the
severest punishment.
The railroad report published yesterday, was of the
'Northern Railroad Company" instead of the ogdens
burgh," as stated The Northern Railroad is Of the
most successful in New England It's stock sells at
seventy one-the dividend of 50 per share, recently de
cared off The capital stock of 400 is represented
by q 6S4 shares, at 500 each The road nothing
and after paying the dividend Of June 1851 surplus
on hand Of S60,G67 So Most Of this is available and
$4,000 Of the amount has been aside
contingent fund. The remainder will be required for a
new locomotive, fuel freight cars and repairs Of
track The total income for the year ending April 80
1861 s2s7 e57 79-expenses of all kinds s12lO9 Of
-pafpr tie rvfh actia nf 1;x
cent the capital of the road The directors their
belief that it would have been injudicous pay
than four per cent in dividends during the year but that
in future the dividends will be increased II the
earnings should not exceed those Of 1S50'51. They
have been anxious to put the Northern road in the
most efficient condition. They speak hopefully of the
future in abiding to the recent opening of the Vermont
and Canada, Passumpsic ogdensbugh and other roads
Bids for the bonds Of the seaboard and Roanoke Rail-
road will be opened Saturday, the 3lst inst The
amount offered for sale is three hundred and fifty thou
sand dollars being all but fifty thousand dollars of the
issue under the first mortgage Of the company These
bonds bear per cent interest and payable
the LIST Of August $780, at the Merchants Bank in this
cityhe President of which is trustee for the bond
holders and holds the mortgage for the protection
their interest This road forms important link in the
great chain Of railroads connecting New York with
New Orleans. From Norfolk to New Orleans the
distance Is 1.345 miles; and from New York to
New Orleans, via Norfolk 1729 miles, follows viz
Norfolk to Weldon, by railroad so miles; Weldon to
Wilmington, by railroad, 16i miles, Wilmington to Man
chester by railroad l62 miles Manchester to Augusta
by railroad, ll2 miles; Augusta to Atlanta by railroad
III miles Atlanta to West Point by railroad IS miles;
West Point to Montgomery, by railroad o. miles Mont
gomery TO Mobile, by steamboat, 327 miles; Mobile to
New Orleans, by railroad 150-145; from New York to
Norfolk, 2s4; from New York to New o.leans, 172e.
The next great branch from the Of the seaboard
and Roanoke Railroad DIVORCES from its terminus
ton by the Raleigh and CASTOR road to Raleigh IS miles,
and thence by the Central North Carolina road Sails
bury, l2o miles, whence 1t proposed to continue the
Central road $50 miles further to Knoxville; from which
point the route L. marked out by the Hwasee Railroad
Chattanooga lis miles; thence by the Memphis and
Chattanooga road go miles Memphis on the Mssis
sppi-whole distance from Norfolk to Memphis say 700
miles
There Is another branch from the same stem which
premises important results than those have
named for IL intended to tap the rich valley OF the
Roanoke at GAINESVILLE, and connect with the Virginia
and Tennessee Railroad atLynchburg which In it, turn
connects with the East Tennessee Railroad and commu-
ncates with Knoxville where It strikes the Iiwasses
Railroad and the line Of railroad thence to Memphis
above described by this route to the Mississippi the dis
lance by railroad is laid down as follows Prom Nor
folk to CASTOR 20 miles from CASTOR to Ridgeway ION
the Raleigh and CASTOR road 10 miles from Ridge.
wsyto clarksvillc ION the Roanoke), IS miles; from
carksvile to Lynchburg 60 miles, from Lynehburg to
Tennessee line 25s miles from Tennessee line Knox
VILE by East Tennessee Railroad 100 miles Knox
vile TO Chattanooga, 1l3 miles, from Chattanooga to
Memphis, 232 miles. Total miles eos
Stock Exchange.
IS H. ss:!:ss s:.!i ' Il