The New York herald., 1851-09-15

rles Of railroads. The area in miles ci the STATE
is seven thousand eight hundred square miles and
when il is remembered that her people have ex-
pended fifty four millions Of dollars in railroad
terpr.ses, We cannot be surprised at their determi
nation 10 make festival to conmem morate the pao-
lie spiri. which has opened SC many avenues to
public and private wealth. In 1850, nine millions
aud five hundred thous and passengers passed over
the Massschusetts roads which transported, also,
two millions snd five hundred thousand tons Ok
freight. The several lines Of RAILROAD kave more
than interior benefit for the state They eon'
meet Boston with thirteen states OF the Union, by
steam navigation and railroad, introducing the
city to q commercial sphere Of very great i@port
ance. A very great point is, that Boston seems TO
be made the port OF entry for the Canada; and
that merchandise can be transported direct from
Lake Ontario 20 the wbarves Of the Massachusetts,
metropolis.
No one can question that the people Of Nassa-
chusetts are quite right in making this jubilee.
They have shown remarkable energy and perse
yerance in railroad enterprises, the ultimate bene-
ft of which can scarcely be contemplated Boston
is full Of enterprise in many ways. Though her
great Ii anufa ,turers do not get rich by making
cotton cloths, they do become very wealthy
prcductive real estate The city of Lawrence
cost originally, We believe, thirty dollars
What is an acre worth to day Much more. it
may be answered, than an equal amount of capital
invested in a cotton factory. Here is the secret Of
losses so admirably sustained in the manufacture
Of Gotten. mill will set down its losses a. thirty
thousand dollars for the year, while the proprietors
have perhaps coined small fortune by the sale Of
real estate. So it is with railroad stock. A road
may not pay very handsome dvidend-or may
subject the stockholders to a loss 'minally, but
they make up all de eioits in the Increased and in
creasirg value Of reel estate produced ey the con-
structcn of the roads.
Taking tie subject in all It's phases, we grant
that Boston has solved an i'm portsnt problem in
public economy. 1t has settled the question
always sound as it seemed in theory that rail-
Ioaes, judiciously constructed, are great public
benefit, ard that their influence ia 10 increase pro-
Gue;ion, ard to make that production prolita Die,
by facilitating lis progress to paying markets.
Production being thus increased with profit, real
estate rises in value, and Lence it is that New
England beco mes Iich and prosperous. New York
is on the same track, and is now extending her
capital towards gra. enterprises, in competition
with her sister States. The results viii be i'm.
merse, for rs this city has better hsIbor than
that Of Boston, and in commercial greatness has
10 rival, when all the roads and communications
which are designed and in progress shall be com
plettd and in cpcration our population viii derive
the same kind Of benefits from public enterprises
which arc now promised to the inhabitants Of Mas
sachusetis. Indeed, at present we have reason
TO eomr lain--for even Boston does not, by her
gigantic schemes, divert from New York so much
that VIC cannot spare it without being unconscious
CT Tie loss. However, VIC can most willingly
ioce with Boston, ard tiust that the grand Rail
road Jubilee VIII pass to the utmost delight Of
her public spirited citizens.