The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-03-03

in value 10 equal to the nest sxorbitaut rsts oss
'sssssss On ths investment Oanten Coapsny Forts
mouth Company. and Idseworth Company viii
before the lapse Of many years, be worth tan
1osd wnst they are st thb moment. Recent huctu
atiens In Canton have had injurious upor
the market value Of the stock and dou have d.
TERED many who have great confidence Ia the
from operating In IT, but the stock represents vain
able property, which, In time must pay holders snor
NOUS dividends. Portsmouth Company - hav. A..
placed before the public In Its proper light tt mo-
perty situated ct the mouth OF the seiota River
lie the outlet tor the products Of the great soiots val
ley Its geographical position is far superior to Gin
oinnst and its water privileges and mineral
alone must make it place Of great commercial i'm =
portance 1t Is the only place on the Ohio River that
has natural elevation Of water so near at hand For
dry dock purposes this Is invaluable Portsmouth be-
ing tho outlet Of the Ohio State Canal the Ohio
River gives vast amount Of water power, which Will
be sought after for manufacturing and meohani-
cal purposes This company intends bringing some OF
Its lots into the market soon when stockholders vii
have opportunity Of exchanging their shares fol-
real estate, II they choose. Edgwcrth Company svE
. large tract Of land Boston, which, one o.
these days. will be very valuable. The population ,
of Boston is spreading into the suburbs in every
direction; and before the lapse Of many years
miles and miles around that city, nov . barren,
waste, will be covered with beautiful dwellings. The
progress Of population in this country is rapid
the growth of cities Astonishing the disposi
ton to lay out places general and the increase
of commercial and manufacturing towns great that
1t impossible to tell where they will not spring up
Twenty years suffice in this country to build up a.
large city and hundreds might say tho usands
at this moment approaching with immense strides,
that point In few years all large rivers will be
literally lined with manufacturing cities, and those
who have secured eligible points should hold to
them with the tenacity of q miser to his COLE.
Railroad stocks must ultimately be good and pro
ductive property. Most Of them pay good dvi-
bends There are, however, many which viii not for
years give their stockholders the frs. dolsr in the
shape of dividends from earninge. The reads r.
fer to have cost enormously, and viii experience
we're competition at every step The Erie and Resdin-
roads place this class and believe that the time
is not lar distant when rival lines will drain froK
these panes their very life blood Railroad enter.
prise never stops 10 this country, and competition
will affect all moro or less. The Erie and Reading
roads cest so much, and are so situated, that COM
petitor lines easily be formed and it 10 cur i'm
preston that they have seen their best days W.,
lave not space to 60 into details, showing how
we have reached this conclusion; bat we shall do sc,
the fret opportunity.
The annexed statement exhibits the receipts an
disbursements in the ONCE of the Assistant Treasurer
of this port, during the month Of February, 1851
ASSISTANT TREAsUREDs OFFICE, FEBHuAK AIRY 1851.
February ], 1851 by balance. 2l9 455 eGN