New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-05-19


The road Up to the above date been brought into
use IN par sy 6ssheo stale 10 MddletD~n sOms 50
Uiiss from PleTmOnt miles OF which, however,
hui and owned by private association o. eentemea,
TIE condition Of the road In that time such a.
hardly to permit train Of cars to with safety
and has since required very large peuoure ortiz git
Thai portion Of lie Inc west OF Bnshautou. 90 which
nhoUi S2oOt orc had been expended, tue lime
work resumed Of little value ia Consequence OF
the decay OF The materials, dt being principally piled
Managers, by which the grades have been greatly I'm
pressed condition Of The affairs Of The Company conse-
queuJ upon i failure 10 l9{ ard The embarrassment and
oicredit which for years Iucceeced thai failure
ven Known 10 REQUIRE al lhs tine any particular e1plans
The above Is brief outline of.hs tsory Of I'll. road or
rather OF few facts connected With ia history the
close OF 1914, which time became Director OF the
Company ara found few Of The present managers slbs
time members OF The Board
Soon after became Director II was concealed that the
sc OF lsS under which several unsuccessful efforts hal
been made to 90 on WIZ tae worsl vas defective and
could DOT be msse available 10 build me road Hence the
effort the winter OF l845 to obtain further and
able legislation ard after long continued efforts extending
iaougn nearly me erre spnpg Of toag ear ine sc o. IAN
May 1875 was obtained granting tbe release Of lhe State
lien oi$3o00eO upon The condition that the road
months Of delay 1.-THE OF which its neces
say 70 EXPLAIN tie present organization was formed
and under their management The road has bean carried
through within the time limited by law and yesterday The
lab iDs The years allowed by the act for the compile
uOE OF lbe road expired But The affidavit required from
The PTeadeLI OF tbs Company that The provisions OF The
lsw had been compiled With. wsi fled some TWO weeks
tirce ard the Slate loan OF 5000 600 cancelled
This important result enables announce ihe fulfill
uen Of pledge made several members Of the Legsls
dabcy OF The BIN referred to- fbee any here who
were parties to the compact, they will remember he
TIE circumsances refen ed to are briefly "a follows
The repeated applications made 10 the Legislature By the
friends Of this work ard the promises held by them,
the rosd would be built, the legislation sought for
wst granted and The failures and dssppolnmens, which
had 90 generally followed the passage Of the several
acts OF legislation lked for had far discouraged the
euds OF The road in the Leg,sture that they had nearly
OBt al confidence OF 8 ultimate success Hence, 10
swer 20 our appeals for further Legislation,
frankly told that il would be Of pass any
bills, a. would probably abandon the WORK Others
had when any serious difficulty occurred Upon the I'm
pulse OF The moment replied, psss The BIZ and we viii
sand by the chip, IN STORM sunshine, sink spin.
The bin was passed, and have stood by the shlp
through more OF storm than sunshine aud often umes
~hen II looked quite ns much HE SINK IS s'sivsDd no.
lnDR but firm determination on The psr Of the Board Of
Directorate shrHs from responsibility and to grapple
Gully couc have Brought It TO successful s,ne and 70
oee med that promise Now can look those gentlemen in
csIcei ed. When ihif Organization formed and lhe
oules and obligations were assumed for carving forward
thh work there not one OF number who had the
feebett inception ofthe lahore and responsibilities which
We ha6 to encoupieT relher DID We know ihe OF the
9hcuues In which It's affairs were involved These with
those incident 10 work OF such magnitude have required
nceIsn labor and toll for the last elk years But the OBJ
-c OF our lsbors mas been accomplished and 10 vh 40
hc qualification that present TO the Southern tier OF
nn1ies and the City Of NewYorE, the result OF
la ore an IRON way connscpg I6e waters 81 Inc Atsuc
wih hose OF the great Western Lakes This
uon 40 lorg hoped for and suugeed for has after
counties are no longer the Secluded Dsrcn" Of The
Safe but cas- now or soon Will be abe, 10 take rank
With other and heretofore more favored portions OF the
Empire State In saying this nj ch, and hope can
# without being Justly charged with eeon'm or uR-
due selfeyulisOp, that there 10 BJsrd Of Olrec-
tors IN the City Of New.YOrk. or probsbly In tht |
country, who have done more sod worked more |
earnestly and faithfully In the discharge OF great |
public ouy than the Directors OF the New York and |
RE Railroad. Oertimes when the credit ofihe Compa.
py az Company could not command the meens necessary
to meet S engagement the private credit OF he Directors
bss been used almost without siin or MEASURE 10 carry
Il work, and preserve tie credt=and with the oftre-
pss,ed predictions OF failure the hand ard degs:
uon and misrepresentation the her They have gone
steadily forward triumphiDg over one difficulty Afer
her until lbs work pleed To tue large nber OF
merchants busnes'uen, and cspslEis OF New York, |
ho from fret 10 ssi have stood by with fm unfslter
ipg col fdepce are the southern tier OF counties and
STATE Of New yOrk msiny Indebted for the build
,h WORK extending from he Hudson River 10 Lake
Erie
The objects which served stimulate the Directors In
prosecution of tbs work simply discharge an
impoTtsDt public duty and justify confidence reposed
n The by the Stockholders slso 10 DO the nsumens
OF conferTnR upon the city OF our birth or adoption the
benefits resulting from the construction OF This great work
which lis consequences were anticipated TO be equally
advEntag with those resulting from the construction OF
The Erie Canal Whether snHc pAOns will be real
led time alone deiemine In bringing about this
result lhe Directors have had valuable auxsries an sim
pie Justice demands that they should al this lime be honor
since ISe retirement Of Major Brown, (who served |
The Company long and faithfully in that oepsrlmen,)
asnoa hOTauo Allen, Whose reputation az al Engineer
ia ell known need any eulogy at my hsnds In
sl department three younger who III ginees
have been nuusIed with he immediate charge Of large
rotiiop Of The work extending rom Mdce'own 10 Lake
Erie. about bringing their iabOrs 10 clo1e
Two OF whom-silts SEYMOUR and l. } siancht-hsve, |
together had charge ofIhe copsucon oi about 40 miles
OF the road aud have been In iho employment o tne Com
psny slmoi from The commencement Of tbs work The
o.her-McRee swift been Ia Inc employment OF inc
Company for scVeE cara ard bts consIucd aooat %
miles OF the road 10 very ssdifac1ory manner All OF
these gentlemen have bkh snd teDu - 'helf poietsl9n
ard viii The emp 10y uent Of the Company vita The
respecI and confidence Of he Directors
Al the head OF snoher department stsrds gentleman
whose dulles for the last five years bsye been arduous
and perpleNng requiring much care and patient persever-
ny sbor-I NE an Asher T, er General LsDd Agent
enueDty entitled TO the confidence snd respect OF
Directors for the faithful spd 'su'fscory discharge OF
There are mary others iha, might BE- noticed bal we /
time DO who have served ,he Company fanhG y IN
Of he Directors for their honest devotion 10 tbs interests
The woIk II 10 true bss coat more much more than
originally estimated s0is The worA ~ contracted, OF
much more permanent and ourahle character than wa orr
eirs Contemplated ard for it, length, theirs few
roads county u more favorable grsdes and curvs
The prosrs., Of the work tbs vsrlous proveepts in
lice and grade InSt found 10 be obtsintoe were
s5opsd Although Il has incfeated the cost The extent
81 1iiop, Of dollars Bul the importance v4l0s OF
such mproyemepts 10 few Yeas working the road.
80 evident The Directors could noi he'la'e 10 make
lhenl PAe line IS now constructed will have between
Duukhk aud Hudson River about 500 miles 81 level or
sfghiy descending grade. % rot exceeding feet 10
ib milo This important result Ia one feature OF the I'M
proven erts reerreo sud 10 any scqlsined vito tho
prstica worhinR Of Grsifcsc VIII he cODIdcred or i'm
uense value and could hardly DO purchased 81 TOO Gear
TIE main line OF his Road, from Piefmon' TO DunkirE
s;t miles length ana including The N7wbugh orsoc1 ~
mn e. wi make about SOS miles Of raj road. Snd 10 prooa-
Div he OngsH rsrosd IN this any other country ever
hu1 under one chatter ana running under one manage
nitrL 49,.
The work haI ccsi, including locomotives, cars, depot
bindings mschibe shcps sDd machinery, between tVeoy
spr tw vny-cne mil ions Of dollars Tbs tu lF afge 80
a tie properly iarge which "a epresenis
The cost Of his rose large His rot onsGuArer Oh
The ccst OF the road betWeez MOSCOW ard 81 Pe5rs3rIh
i Rusalr With which f1tmsr chief giHees Mayor
Brown u row connected He s.ses IN leer ma. he
I'D a ~
r,ck hO~ever) has between eighty and ninety mil
,ots - cOllsfs ,-,---,..-
Tbe cct.uuciicn his main trunk hss induced The con
s,rctiou ~ lsrse nun o. other roads, which are how
but Arc IN process o. bu ding, terminating u s1d COO
,.-,irp with he msn Inc which Ia The ssgregste Will
scnt 10 as rusnv miles e. The Usn ruuk, sud covering
- with ErewOk srgs poruor ot ne co 3 Stu "ee'
-. 4 In.L.ar. iulN q