The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-05-28

ported Saturday against the enactment Of General
Banking Law in that State The minority Of the commit
sse reported in its Both reports ordered to
Dc printed and will probably up for action in few
days There petitions before the Legislature Of Con-
neecut for seventeen banks two TO be located In
New Haven and in each Of the following places, viz
Hartford, New Britain, New London Mystic (GrotonD
6tonington Daniesonve (Killingly) Madison, Guiford
Seymour Bridgeport, Bethel (Danbury) Middletown,
Westport Woodbury. and Clinton The following banks
N Connecticut petitioned for increase Of capital
viz The Exchange Bank of Hartford the Deep River
Bank the Farmers Bank Of Bridgeport, the Danbury
Bank the Middlesex County Bank, and the Waterbury
Bank.
The Albany and Susquehanna Railroad for the con-
structon of which company, with an intelligent and
energetic board directors has recently been organized
b attracting much both of local and general attention
that few facts illustrative of its character and impor
lance fail to interest all who regard the progress
Of internal improvements Of the best evidences
Is well surest sources Of national prosperity
statement of its location will those acquainted with
the country show its Importance With end tide
water and the capital of the State and the other at
Binghamton the line of the New York Erie Rail-
road its is through the valleys Of the Nomans-
hl Schoharie Cobleskl and Schenevas creeks and Of
the 6usquehanna river connecting at the State line
Great Bend with the Leggetts Gap Railroad and the rich
coal basin of Northeastern Pennsylvania. Its length
win be about hundred and forty miles its width of
track the those of the Lsggetts Gap the New
York and Erie railroads its grades favorable its route
very direct and for its length unusually free from bridges
eulverts, deep cuts and heavy entertainments 1t follows
that it can be built cheapy, and travelled with more
than ordinary safety and rapdity Nor its facilities
and advantages business road at all inferior to those
Of any other railroad in State win be evident by
a mere oil at of mo and ro
nent For tributaries and feeders it has the west the
extent of country the New York and Erie and
on the east the the Central line with this adj
vantage eithertha much casting westing
Dc made in the length Of time be made
either Of the others while it link Of
Aecion to both-an advantage which other road inter-
mediate Lake Erie and the Hudson does enjoy
and Of little Importance the following consi
derations will show 1t gives choice of routes to the
traveller, between New England and the West it
bles produce seeking market at tidewater to find it,
without delay enhanced expense, at either Albany,
Boston or New York. may be most advantageous it
enables the Western merchant traveller whose desti
nation is the city of New York to reach that point from
Bnghamton by peasanter and safer route and in less
time, than by the New York and Erie Railroad That
this is exaggeration is evident for the drecness and
easy grades of the Albany and Susquehanna road will
permit passenger trains easily and safely to pass its
entire length in four hours and thus in connection with
the Hudson River road place passenger in the city of
New York in eight and half hours from Bnghamton
1t were easy to point out many other advantages for
through business, which this road will possess, and
which must at least place it on par, both to
passengers and freight with either of its great rivals
Bpt if its through business, that coming from be-
yond its termn be great its local business that
reaching along its route hardly be less and be
much, important 1t will pass through the heart of
$500 square miles Of territory being greater extent
than that embraced in the two sovereign States OF
Rhode Island and Delaware, and half great the
State Of Massachusetts, with her sixteen eighteen
magnificent and costly railroads And this territory is
rich and productive agricultural and manufacturing
section Of our State embracing than fifty towns,
many hourshng villages, population Of about 100000
una anording vast amount of power. All expe-
Renee teaches that railroad permeatng such an extent
OF such country cannot fail to do heavy amount of
local business But there IT, yet unnoted item in
Its local business, perhaps more important than all
others, in which IL will be without rival and which
"makes assurance douby sure that 1t will stand both
business and profits equal to- if far ahead Of
any other railroad in our State That item Is the Goa
trade. It's connection with the Leggetts Gap road will
enable it to defy competition in supplying the important
article Of anthracite coal not only to the region through
which il runs but Albany and Troy with their steam
navigation, immense iron foundres and other manu-
featuring establishments and to large portions of YER
mont and Massachusetts, This road is intensely in
teresting and important in another point of view is
the finishing link in that splendid chain of railroads
that adorn and enobe the Empire State and which in
connection with her commercial emporium, her noble
Hudson, her inland and her magnificent canals,
have already placed and must forever keep her in all the
material elements of greatness and prosperity far
- lwtoI In
such galaxy Of glorious republics AZ hitherto, this
world has never seen.