The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-04-23
Railroad Intelllgence.

Company for the present has recently been publish
cd, by which it appears that its affairs in very
Hourishng condition The line at present extends from
point immediately opposite Montreal to Rouses Point,
Assistance Of forty three miles, where it connects with
the ogdensburg Railroad and this with the Hudson RI
YER Harlem, and New Hsven-al Of which terminate At
New York
wharf has been constructed at the northern terni-
on the st. lawrence opposite Montreal which
tends about three thousand hundred from
main shere reducing the distance from the wharf
city to little mile, which the present steamboats,
in from six to eight minutes and by which the
and descent of the La Prairie rapids altogether
avoided It is in contemplation to erect bridge
the St. Lawrence at Montreal which is estimated viii
cost six millions Of dollars.
The business the road is steadily increasing The
receipts Of last year $40 00o being $50 600 more
than in 1851 and nine cent above the receipts Of
1850 After deducng the current expenses which, from
that stated, last year greater than 10
usual balance Of SOL l58 remains the profit on tho
business Of the year-equal to about twelve and half
per cent on the paid up capital.
Large additions have of late been the running
urnture the road the locomotives lately
purchased calculated for high rate of speciality
miles hour having been easily attained by them-so
thai. when necessary the distance from South Montreal
to Rouse Point may be traversed with safety three
quarters of hour the road being peculiarly straight
and level.
ROAD,
Lake Champlain, with those from Whitehall York
has sgan been brought permanently before the public
Meetings have been held BY parties interested at Pasts
burg and consequently there is prospect of the
struction OF road from Rouses Point to Whitehall to
which undertaking the operation of the company ha,
been invited The subscribers to the Rouses Point
Platsburg road whose surveys and plans ready are
prepared carry them out whenever the action OF the
Southern interests shal warrant their doing 30.
BY means Of the road from Montreal to Rouses Point
and its connection with the Central and other railroads
can reach New York from the former city in
Ore IN
taking steamboat at Burlington, by which much delay
and is often experienced by travellers this
route That be avoided by being careful secure
through tickets on the continuous line with which the
Montreal and Rouse's Point Railroad is connected.
Although the trains have about ITO 900 miles and
have carried than 80 600 passengers within past
year. not single accident has occurred attended With
particularly worthy of remark it shows the care and
attention to their duties by the officers Of the company
and as observed in the report is subject Of congrat
ulation and thankfulness.
NOVA SCOTIA RAILROAD.
The government of Nova Scotia in consequence OF the
strenuous opposition ofthe tory party in that provace
and the division of sentiment among its supporters on
the subject Of railroads. have determined abandon the
railroad bills Mr. Howe having stated that under those
circumstances he did not deem it advisable to proceed
further with them; and that the only alternative which
presented itself adopt the proposition Of their op
p0nens and to authorize the formation Joint stock
Companies As he considered the opposition inadequate
to conduct the business Of the province, he did not
with his colleagues deem it expedent to resign bat
would, under the altered crcumstaI in which he was
placed, yield the contemplated measure his entire sup
port.
He would not however be instrumental in constructing
company to be based upon fictitious capital having
nothing to represent it, roads to be built at $40 900
per me for instance he could not to create
stock representing $50 600 more and with reference
10 fares he should insist that they did exceed
American rates, where roads average had cost
$40 COO per mile On the contrary, be determined
that Engi roads which had cost in $500 600
ta IN
upon the subjec
Mr.. Johnson who led the opposition throughout, OK.
spirit but IL the undertaking is to depend upof
the public prt and enterprise of provincial capitalists
its doom is sealed As to the Canadian and New
wick lines although they may be productive Of local adj
vantage, yet unless they are connected with a main
trunk terminating at Halifax the crest object to be
effected by their construction viii be defeated.
In the meantime, committee has been appointed to
prepare bills taking the Canada acts for their guidance
which consists OF the Attorney General Messrs Howe
Henry, and Wier, members of the government or its
supporters and Messrs johnson, Kllam and HalI-the
opposition thus forming minority Of the com nitee
hr Hows's determination not to relinquish power on
question involving political principle perfectly ius-
Gabls aud IT, after all the discussion which has taken
place the subject Of railroads. the people Of Nova
Scotia had not sufficient intelligence and public spirit
return members At the recent election who were pre-.
pared TO carry out undertaking of such vital s,por
lance the province he has acted wisely yielding be-
fore the adverse influence against which he had to COZ
tend, although the MEASURE OF which he has been the
able and indefatgable advocate may ultimately be de.
featsd.
since the above was written, We learn that the
mitsse to whom the subject referred have agreed
to bill prescribing that any company that may be
formed shall possess capital OF millions Of dol
lars for the completion Of three hundred and twenty
miles Of railroad sad must be organized in four months
otherwise the governments bills go into operation
The stock Is to be divided into seventy five thousand
shares Of hsndred dollars each and soon as six
hundred thousand dollars worth of stock shall have been
sub.obed for and tsent six thousand dollars paid in
the company may be organized
The province Is to loan twelve thousand dollars per
mile for the trunk line, and eight thousand for the
bra Dches for which the company is TO give bonds the
interest be paid half yearly, the company failing to
do which the amount Is to be deducted from the next
instalmept. When the company shall have expended
four hundred thousand dollars the province Is to ad
vance one hundred and sixty thousand in debentures
to have the first mortgage on she road &C. for its
advances be redeemabe in twenty years it Is also to
appoint half the directors and the company the other
half and the government bonds not used or are
returned the former directors are to retire.
NORTHWESTERN RAILROAD.
appears from the Butler (Pa) WING, that the sub.
scripons TO this important. road, to connect With the
C1eyelsnd and Mahonfng line getting finely But
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