The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-07-08

d
md there is doubt that it will continue to
increase In corresponding degree during the ~
prices are more likely to than The mills are
running all their night aud day which not the
last year. and have all tho force they command
in getting lcgs. TIE shipments show large falling of in
small amount brought fNward from the railroad, ooU.
pared with last year The 6eo eucy from that
alone is equal to the difference In favor Of last ysars
shipments.
We have received another interesting letter from
correspondent at ma In relation the affairs Of the
New York and E,e Railroad Company. 1t contains
many important fscts which tho stockholders will do
well to con,ider. There doubt but that the mana
cement Of the Erie Railroad Company are rapidly sinking
that into the lowest depths Of bankruptcy The
next hnaDca, movement of the company may BE- an
sgt 70 Ispudiats some Of the bonds The qusstion Of
legality In the hsue Of the frat mortgage bonds has
already been broaobsd in tho directors ROOM and 6olsse
have ready been consuted relative TO the matter II
will be ecolected that about FIVE years ago holders Of
bonds then due compelled to extend this period Of
payment under the threat Of reputation We do not
mesn 70 say that the company will repudiate auy
Of their bonds but the in the board Of manage
ment shows what they capable Of doing IL they had
the power.
10 THE EDITOR OF THE HERALD.
EIxIRA, July a. 1858.
On tie1ith OF Feb. 1851 the Erie Railroad opsnsd
TO Lake FIe and marked . special epoch
OF much interest pcrancs the history OF the road
Great ard high hopes sed the bosoms Of distiu
guisbed gentlemen who composed the invited guests on
that brilliant aud memorable excursoa lesoiog states
OF wide. spread fame for eoquence and public ser.
vice., headed by the President OF the United otas ar
rived st the terminus Of ths road, the shores Of Lake
Erie to celebrate the triumphant completion Of a stu.
pendous and popular enterprise. Two years have now
ps.d the few directors who accompanied this
post csvaoade bsve been the ground who
then and there appear 10 have aiken first ard look
the vast pane OF Eries blue watersfor that
hour, their visits IL sny have bees fec aud be-
tseeD that a resident the SPOT would dnd IL difficult
recognize such Official state this fact to show
the uIaccoubtsbe ect the part Of ths directors
TO the all por tsBt business of the great Wet
and possible 20 eacouot for the very slender receipts
Wit IN Oulo Ave Zee. double had he interests the
betn oery attended to; ana In roof OF ~hat La bsrs
stated, the ioowpg f.cs will esta ,h beyo0d QUITE
the criminal Degct alluded to: ak why IL ut no
really Ieota biz effort has been TO redssm
the p dye made to the stockholders tho pubc that
1T their terminus the grand sfort would be- made
from the hands va interests the roh prize
Of Wes,erD freight ard trsvs aod shy IL that after
The diure VI thirty millions Of dollars generous
L. furnished BY the q the road to IL,
that and two ytscs have been wssted-tnat settled
profitable policy hss been he'd resui og m any
returpe TO tho stockboldeys-tbat tire E,ie Rslroad
should BE- bankrupt and be found at this day actin ths
itsdiDe part OF toady snd tool In ths hauss Of the
CeotrSl Railroad Company Why Ia IL At this mo"ent
performing the humlat,Dg part OF porter to branch
osd Owed ~ Buffalo TO the neglect OF THAR dignity
and The interests Of their own roAdt answsr, any oas