The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-04-24
Total liabilities


The aggregates in this table differ materially from those
which have been made by several papers in this city
from reports received and estimates those not received
appears by the official compilation, that from Decem-
Der 20 1851 to March 81 1852 there increase in
the line Of discounts Of S674 $685. in specie So 63
in deposits, and in circulation S1S9S635 The
above aggregates compared with those September
1851 show an increase in each department. but compared
with June 1851. show decrease in discounts and in
crease in all the other leading items.
1t is stated upon good authority that the water will be
let into the Delaware and Hudson Canal day or
and that the boats will running the first
of next week The whole line Of the canal has been
fully inspected and is believed to be in perfect condition
The receipts Of the Boston, Concord, and Montreal
Railroad Company for the month of March, were Sl4-
226 81 against $50 10 for the same month last year
Increase 5000 H. This would have been much greater
but for the award of the referees between this road and
the Concord. by which the transportation Of wood &C.
suspended for about month.
Sometime since noticed an improvement and greater
activity in the manufacturing stocks OF New England
We have frequently commented the cause which had
produced the depression under which this important in
trce has so long abored and have shown that the tariff
had very little to do with it. 1t has been more the
result Of competition extravaganza and ignorance
bned than any act Of the affecting the COM
from the Boston Journal paper which has heretofore
advocated high tariffs and the greatest protection manu-
facturers We give solely account of the source
from which it is derived The facts put forth are not
new to our readers for have often given them in ex
PLANTATION Of certain made Congress relative
TO the tariff
In a recent article movement in water power CON-
panes and factory stocks noticed. Essex Company
and IIadley Falls were mentioned among the former
attracting attention from capitalists. Theimprove-
men in these stocks has its basis upon real and prospec
| tive merits which will bear rigid examination. Our
manufacturing interests have suffered long and severe
depression in great part the produc
ton in certain styles and fabrics which have inundated
the market. Success in the simple branches of manu.
acture induced ruinous competition and giant corpo
ratons followed each other In quick succession raising
costly buildings as by an enchant'r's wand to be filled
with expensive machinery, for the production Of goods
which already were supplied in The example Of
New England has been followed in other States also and
In this general ruth to enter into the manufacturing
business the idea of production in any particular
fabric, has not formed part Of the calculations The
Of the past perceived; intelligent minds
have been occupied in applying remedy and the germ
Of impulse to the manufacturing business is al
ready in the fruitful soil Of New England enterprise If
looms cannot be employed probably in the fabrication
of white cottops prints they be applied to other
branches Of manufacture by additional outlay of capt.
tai. II shawls become drug they replaced by
druggetn prints change to mouscn lie LANES and ba-
reyes and thread perhaps to sewing silk These great
and important changes from the simple branches of
ingenuity and higher degree Of art the
dies in opinion for the recovery of the large
featuring interests Of New England from state of pros
ration to one OF prosperity. Leading their sister
States in the introduction of the art it is should be-
the policy OF these Of New England to enteH INTO
petition with foreign countries in the produ( Of those
ooster fabrics which form the bulk of our mporta-
tons Nor have the slightest doubt but that such
policy will be adopted for il is as much Yankee chnrac.
teristic TO form and execute enterprises is to
overdo nearly everything which attempt successfully
In various parts of New England new manufactures
in course Of construction. Two mills are going
the East great activity prevails We have doubt but
that in less than three years If alteration is in the
meantime made in the tariff the manufacturing interest
ofthe country at large will be in prosperous condition
it during any period Of the greatest protec
ton All we want is permahency in the policy of the
government In relation to financial and commercial af
fairs, and the people will adapt themselves to 1t.
From recent statement of the President of the ami
ton Eaton and Richmond Railroad Company 1t appears
that the cost Of the road from Hamilton to Richmond
Ind A miles including water and other stations will be
s7131o3 49, Of which the Of $685. 767 has been pro-
yided requiring only $1s0335 35 to finish the whole line
The estimate Of the work remaining to be done is
s17s 24s H. The road is to be finished as first class
road every respect and will open great thoroughfre
into Indiana Arrangements have been made with the
Cincinnati and Hamilton Company to run the road as
soon as ready and II IL supposed will run out some
distance In few days to Eaton by June and to Rich.
mond in the fall.
The Baltimore and Ohio Railroad Company have given
notice that proposals. for the sale Of 100000 Of the
coupon bonds OF the company bearing interest at the
rate Of six per cent per annum payable scmannualy,
principal redecmablc In 1870 will be received at the
Office in Baltimore, before The 10th of May next
hesc bonds the last the list estimated for stocking
the road in the report of sio when the road was placed
under contract They will be issued in sums of ~ 900
and $500 each and he free from state tax Payments
will Le required followsthat Is 70 say Fifteen per
cent 4 .lg u.on tc az ?'eacc of ~ BIZ val