The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-02-16

with the Little Schuylkil 400 900
The extension from Caawissa to williamsport 900
Total, 81, ooo, 900
reproduce thi, sum the company have issued 81
$500 ooo more nnder the mortgage after road
j. IN operation to Catawissa. This gives =
10 lay se rafs ~, Nc on the graded road 600
And leaves the s5ooo0o applicable to the extension to
Of the company. they have Offers from responsible
tractors to grade and do all the work and furnish all the
materials The whole cost OF the road will stand thus
Present stock 900 QUO
Stock to complete willamsport ......... 500 900
Total ............... ..... SO, 400, 900
Deduct from this the value of the coal lands of
the company ACKNOWLEDGEMENTS. 100 900
Total. So 800 900
Or for the whole distance SO miles, s35 4s3 per mile
This road extends from what is called the base Of
the Broad Mountain, where it connects with the
Little Schuykill to Williamsport-a distance of
eighty mies-with branch from Tamanend, near the
Little Schuylkill connection, to the Beaver Meadow
Railroad-a distance OF thirteen miles-with the
right to construct branches to coal mines on either
side of the line not exceeding five miles in length
At Williamspot this road has two very valuable
nections-one with the Williamsport and Elmira
road, now under contract, uniting it with the New
| York and Erie road, and all its chain of Northern
and Western connections and the other with the
Sunbury and Erie road, making it an important link
new and shortest great trunk line between the
West and tidewater. 1t is believed that the
ton of this road with Elmira, by the Willamsport
and Elmira Railroad, will add very largely to its
traffic. By this route from Niagara Falls to Pha.
delphia is but IA miles, whereas, by Albany and
New York it is $685. saving l44 miles of travel by
this route From Elmira, by the New York and
Erie Railroad, the distance to New York is 274
miles, add to this the distance to Philadelphia,
ninety miles, makes 1854 from Emira to Philadelphia,
whereas by this route it will be but 1885, saving 100
miles, and bringing Elmira nineteen miles nearer
Philadelphia, by this route, than via New York by
the New York and Erie.
A glance at the map will show that this route is
the shortest between Lake Erie and New York, and
the figures prove it,
Cleveland to New York, via Albany. 1927 miles.
Via Erie and Wiliiamsport .......S $50
The grades on this line favorable as those by
the Buffalo and Albany route, and more so than by
the Erie road. There seems to be no good reason
that fair proportion of the through traffic should
not seek this avenue between the West and the At
lantic. The road is link in very important chain
connecting the West with the East, intermediate
running through rich country, at present without
railroad facilities To the western end Of this chain
Philadelphia has just voted subscription of two
millions of dollars, which its completion and
gives the Catawissa and Wliamsport road a connec-
ton with Erie, Lake Erie and thus with the entire
network Of roads covering Ohio Illinois and Indiana.
At the eastern end the Little Schuylkil and Reading
roads give the Catawissa and Williamsport connec
ton with Philadelphia, and the Lehigh Valley
and New Jersey Central roads, via Easton, connec
tinn with New York
1t is claimed for this line that it will have the ad
vantage any of the present lines in distance and
over most if not all Of them in grades-that it has
the advantage of the best harbor the south shore
of Lake Erie-that it has the advantage in local
trade;-not that the establishment of all or any of
these propositions necessary to prove the produc
tiveness Of this line Of road for We hold that ano-
ther road equal, nearly equal, in advantages, to
either of the existing routes would pay fair dividends
on reasonable COST at once, with certain prospect
Of increase.
Looking upon the map it will be seen that the ave-
rage distance between the Buffalo and Albany and
the New York and Erie, is about 10 miles; between
the Pennsylvania Central and Baltimore and Ohio,
about the same; while q space is left between the
new OTk AHu Erie Alu TcHInylNaun OcHtIdl, VI
about $50 miles. The proposed new line occupies
about the centre Of this space Thus, when this line
;s completed, there will be five great thoroughfares
from the Atlantic to the Lakes, in nearly parallel
lines with space between each Of about 20 miles
distance quite sufficient to afford ample local
business, while they are all competitors for the
through business
There bonds are in sums OF 81 900 EACH and an !,
convertible into the stock of the company any tim !,
before k57. Twenty per cent of the purchas e
will be required upon the day of SALE and the " =.
mainder in monthly instalments of ten per cen t.
Capitalists will find this good opportunity to nal re
sound, safe investment, and Il should not be ne q
lected.
Two dollar bills on the Connecticut Central Bar TX
20 ngeniousy altered to ffties TO be likely to- de-
ceive in nine out Of ten, are in circulation
There has been an immense increase of bushes on
the Columbia Railroad, Of Pennsylvania since the
first of December last over the corresponding nths
last year. This is a link IN the main line OF p lblc
works in Pennsylvania and the treasury Of that State
has received large accessions from this add tional
traffic.
PUBLIC WORKS or observation-disclosures RAIL ioAD.
No. of Cars Tsips By Loc. NJ les run.
1862, December ..... l34lS 40 $500
1sFb .....,,.. ELL 5t9 1890
acrease.............. 1907 100 $50
1888, January .l2lg2 200 $4,000
1852, .......... 1,406 4gS 4a0lS
increase. 100 zVl ioOS2
rrhpS sbo x;no tho increass in tho two mo, tbo nc