Litchfield enquirer., 1852-11-18
Railroad AGaIrS.

Haven Railroad tor each Of the first two months of the cHrFent financial year September and October-sEow a large increase over the corresponding months of last year. This has been the case not
 Withstanding the low fares on the Sound route between Boston and New Yoik, and the competition of the New Haven and New London Railroad. both of which causes it was generally-bus as it now appears, enormously supposed would have diminished the business ofithe Hart ford and New Haven Road. The receipts for October, during the whole of which moatb the fare bet ween, Boston and New York. by way of the Sound has been $l, 50, show an increase of ten per cent, over those. of October last year when they were very large. This road will pay Ia dividend of $5. per shsre- in January, Eanf another of s. per share in April next.
 The Air Line Railroad Company ad. vertise for proposals for grading IT miles of their road. to be received until the goth of November A correspondent enq,ires whether the fact which has been avowed for several months, that this road Was about to be put under contract, has not affected the price of Hartford and New Haven, stock 2 We answer that it undoubtedly has had that effect and caused few holders out of vague ap> prehensions arising from want of infor- nation, to sell stock at $l3O which its steady business and certain receipts un- der any circumstances demonstrate to be worth more than stocks which age. selling at $lAo per shane.
 But though, the reported building ol the Air Line Road has kept down the pr;ce of this stock to $lSO or whereabouts, we will for the bene6s of our cOsrespon- dent and. of our ciGizens who are very largely interested in it, explain why the actual: building of the Air Line Road cannot affect it's intrinsic valWe to the slightest apereciable extent. In the first place thethrough Boston and New York business of the Hartford and New Ha. ven road forms but very small fraction of it's whole business. .aad has never yield ed. more than one per cent. of its anaafal profits. Consequently if it was all. ta- ken away, it would still have the net in. come of the road mone than. thirteen .pel cent. per annum, subject to a steady, in' crease frenA other sources.. Tn the next place it is,u1terly impossible for ang Ali Line Road cut in two by ferry and forever without bridge over Connecti- cut River at Middletown, to take away the. whole or assyn urge. PGrt of this through business from the present well managed, and continuous double track rou.s-through Hartford. The late deci- sion of the Saprsme Court of the United States in.the Wheeling bnidge case has settled the question of a bEidge. and without bnidge, it is obvious to every one that no Air Line Road cansbe raes4.ny more pleasantly. or rapidly. or in. less time that the present line. Aside from these weighty considerations there is@sn' other reason why the buadingss el the Air Line cannot affect the prosperity o the Hartford and New Haven Railsoad It came out before the last Legislature that the New York and. New Haver Railroad Company had entaRed into z contract under seal to ticket alE sheil travel between Ne~ York and Bostor erclWsively over the Hartford and New Haven Ilailroad for twenty years. They agreed to do this in order to induce tlss Hartford and New Haven Company te discontinue their profitable steamboat lines between New Haven and New York The contract was deemed mutually ad. vantageous by both companies and will ;be strictly adheared to- by both until the 20 years have expired. E vas a lawful contract which they had right to make with each other, it conduced to the pull blic convenience. and there exists no pow. Ter in, the Legislature or any where else twhich can compel them. to break it, ei' Ether directly or indirectly. For all the foregoing reasons taken. together. and feven for each one of them separately il it stood alone, it is quite certain that the building of the Air Line this year ol next. or any thsr year. cannot affect the large interest owned by our citizens in the present continuous land routes be- tween Boston and New Yolk. The large increase of its receipts in the face ol ruinous and cut throat opposition among the different Sound lines, furnish es the strongest proof which could pos. sibly be given of is future stability Times. a ,....,-...,. ..,
 canada Clergy Ressrvesi-A parlia'