The daily union. [volume] (Washington [D.C.]) 1845-1857, 1852-03-25

The railroads paid xl70,WW canal to'ls last year, ana
will pay this The tolls on the canal itself underwent
reduction and its business improved in consequence.
To continue that business under the free operation of The
two lines will require further reductions to retain trade,
and hisexcess of prosperity will undermine those canal
scrps of which 0000OO are to become the basis OF
banking in this State The 600 issued is entirely
held by the circulation banks That the railroads will
take much the canal business there is doubts already
much flour from Rochester comes across, down the Erie
road for the benefit of convenient and prompt de-
livery In the city The business OF the Erie road has
been much injured by the accidents which
have occurred it, But it is well known that these
accidents are to great extent, owing 10 the au
~ iron which is of Pennsylvania manufacture. IL is
OF britts nature, technically "cold short" altogeth
er unsuitable rails and wherever at the curves
there outward pressure, the rail breaks and throws
the train Off A large number of men employed
along the line watching the rails, and substitute i'm
ported wherever weakness shows itself 1t will be Oh
served that Pennsylvania this road $4,000 for
crossing of her territory. and the makers of
these dangerous Washington trying compel,
by high Tariff the railroads to buy their rails only One
would think that the which Pennsylvania
draws from the Erie road 10 enough without trying
compel that road well all Others pay tribute her
ron-masters. The proposed by tho iron-masier
upon railroad iron is equivalent TO tax upon all pro-
ducc seeking market would enhance the of
strucling OF transportation The vast length Of
roads that this year into operation will go Tar
cheapenng the OF transportation and enhancing the
supplies OF exchangeable values, 10 swell the abund
ance of money, and give more decided direction to in
cipient speculation In and about New York there
some signs OF revival Of the old real estate
speculations, and means being used that end
what called ''bnilding associations" The prin
ciple is that of the accumulation of money a COM
pound interest The peculiarly of these associations is
money is subscribed, and then borrowed by
subscribers themselves for the avowed object of buying
small enements. Thus ssocation of 700 shares
nominal value of $500. requires entrance Of 80
cents and monthly payment of So Hence the receipts OF
the first month are $500 This will be loaned AT
per cent on IL shares. The holders continue pay the
monthly dues and the interest ths money until all
payments and accumulated interest amount $500
each shatesay $500 900 This may be, with good luck, In
eight years Every months receipts loaned in this
manner. There fines aud ioreitues which swell
the Ueumuaton, which is again reduced by expenses
the Office The idea 10 ndusrously spread by these
panes that they have mysterious and magical way
by which the members make something OF nothing
There clearly funds in the but what the
members pay in, and consequently nothing come
Nevertheless they have become very popular Ihave
the OF ninety such associations before me- and
here probably hundred in this city and neghbor
hood Now. IL they average 00J shares $500 EACH
you viii observe that the amount to be accumulated In
eight years 10 be exclusively applied the
purchase of small from 81 900 $4,000 IL they
average $1,000, there then viii be demand for Is 900
homeseads created by annual savings devoted especially
TO that object Such project is immensely agreeable
holders ofsuburban properly and accounts for the great
which they suddenly manifest for benefit homeless
hancs" One hu nded ploy hundred
secretaries ct $500 TO $500 per cacha salary far
larger than any OF the subscribing members
his business in year. sad which has to be paid
Of their joint funds All the statements OF the associations
published bold the idea that house which will rent
for s2oo be bought for about 81 800 and that least
900 remain mortgage at per any number
Of years The object Of the projectors Is procure
ket for these lands high prices, and to promote general
speculation In real estste-tiie collapse OF which will
all these small mortgages be forecosed, destroying
the associations and nng the subscribers
The produce markets have been heavy since the last
rival Notwithstanding the consumption Of continues
large England The receipts Of the South are, how
ever much larger that the estimates Of crop raised
TO 900 or $4,000 baesa figure we'll calculated TO
sise holders. The English returns, however, show
immense Increase In consumption in the last few years
Il will be remembered that very Ugh price In
the s part Of the year, and that pon check
ed somewhat by thai fact.
Export aud consumption Of goods Ia Britain.
Yarn and Goods exported, Goods Weight yarn