The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-05-06
EDITORS CORRESPONDENCE.
From am Occasional Correspondent,
NEW YoRX, May 4, 1855


from the demand for the costly fabrics of continental Eu
rope may Well om subject of comment, graulaory or
ohefwlse lhe ratio OF increase is Unprecedented as
The total amount is startling The sub-tIeasury OF New
YORK holds at This third OF the entire sum on
deposit al various Offices, which cannot be less than
twenty million dollars 10 this accumulation Of specie
is partially attributable the scarcity of coin.
The arrangement entered into between the Pacific
Mall Steamship Company and Laws Atlantic Line for
weekly connexlon OF steamers between this port and San
Francisco, will have stimulating effect on commercial
transactions and be followed by vastly enlarged postal
revenues Already with each mail go two hundred bags
OF three hundred pounds weight each How late has The
world come to know the simple truth. that the
plete the communication the advantageous the
sults AS yet country is the only that this
principle forth fully and eaessy Even ferry boats
kept running Tor years al loss, from cities neigh
boring points, In the conviction that the facilities thus af
forded Tor transport must bring out population and build
communities. In addition to, and consequence OF,
this ready means of connexion, the advanced value OF
real estate, IN which nearly if not all steamboat
companies interested, must it is well known unfal-
| ingly repay them
AT this moment Loder, the President OF the New York
and Erie Railroad Company, passes by. What
ful nsncaea in the affairs Of that company has elapsed
since he received the ex-Presiden OF the United States
and his colleagues The work had then just been achiey
ed, after encounering unexampIed difficulties But
with receipts far exceeding previous calculation and still
augmentng, financial talent the part OF the directors
has been taxed to The utmost and the whole history Of
our railroads afford parallel 10 this battling Of
theirs with successive difficulties which would have
crushed lesser men, Those difficulties not yet over,
as the lae mortgage of the road and its equipments,
planned OF affecting the implied obligations OF the CON-
pany 10 the convertible bondhoders of 1862 and 1871 su
| hcieny intimate
AS regards western traffic, the Lake Shore railroad of
Pennsylvania is likely TO become matter OF serious
II a mn han nh lin xub had ba
foresight perceive the value and The sagacy advise
and obtain the purchase from the State of New York for
the Of Pennsylvania, its present frontage OF lake
shore The purchase money regarded at the time
as a very heavy sum yet New York has been enabled
to secure all the benefit she thus nominaly surrendered
Her ageut in the matter has been the franklin Canal
Company, which, connecting Ashabula with Erie. TO
which point the county of Erie and Pennsylvania had per-
med our vance, affords direct rail connexon with Pitts
burg Cleveland and other southwestern cities The truth
may as well be told The franklin Canal Company which
never had right TO build railroad which practically
acknowledges legal flaw in its franchise, for which il
therefore seeks conirmaon-which, from the right TO
build a canal in the interior, secured authorization Of
plank road the iins then assumed the privilege
construct thereon railway, (he former having had only
fabulous exis,ence) -s nothing more than New York
company in disguise. And when Pennsylvania to
demand a connection with the Lake Shore railroad TO
the exclusion OF New York-one of the conditions of
its defective chaer-hen will for all concerned
the tug of The right 10 hold the route itself wheh
er for canal, pankroad, or railway cannot at present
bear examination aud TO connect IT with the chartered
line, and complete that line, would be 10 make of the
whole triangle. which judicial legislative committee
would TO declare the direct route" from
one given psint to another The importance OF a lax
or ocean front TO State, which il shall have It's
own coetro cannot. we know. be overrated in this
commercial era. Looking TO the early wars of Europe
we find large number sprnging from the restless ten
Il ,haa fnro
gable waters
i A new arrangement, as you aware, tor greater
speed in travel the Camden and Amboy railroad has
been consunmated-a matter OF importance 10 those
who travel between New York and Washington One
is here reminded of wha, necessity rapid transit has be-
come by the fate of the magnificent steamboats, of the
North river, yclept floating palaces, which must now
put up with inning rants, and that unsored population
known as secoadclass passengers. The Hudson river
railroad with lis nearly completed double track does all
hrst-rate work.
The projected survey OF routes to the Pacific and the
construction OF telegraph line that shall connect that
with the Mississippi engages a fair amount of COM
mercial and scientific interest.
San Francisco il appears, is agitang for reform very
similar 10 that The New York legislature has concerned
itself with in reference 10 this city The separating
nicpa from county and State elections will certainly give
less play 10 mere party feelings, and allow regard
TO the qualifications OF candidates.
i One great npsdment to Pacific steam nav alton, the
want OF COAL about 10 be mastered, independ-
emily OF what may may not be done by the Japan
squadron The offer OF the San Francisco agent Of the
English company (who, with a capital OF two million
dollars are working valuable coal fields Borneo) 10
furnish II chartered vessels at five dollars per ton at
the port OF Labua has been canvassed here by those
interested and is regarded favoraby. This ITSELF for
time, will employ considerable amount OF shipping.
The Eastern Archipelago Company is thus in luck and
now, besides their shipments TO Singapore and Hong
Kong, will drive trade in eastery direction.
What change, by the way, from the base of San
Francisco 10 the leisurabe dleness OF Hong Kong II
is almost like passing from Naples TO the quietude Of
Pompe The five ports sappng the trade OF this
place. to which, however, it OPIUM depot,
and might still flourish were other stations not main
tanned in violation OF the late treaty. Our whalers have
liking for the place. il may Judge of the desertions
that occurred when ships anchored in that excellent
harbot Alas that pleasure is short lived, and that
the Sandwich Islands and the Sandwich Islanders Us,
take The place Of China and its ceestias California is
evidently beginning perceive ITS full interest in
aging the immigration OF the latter. 1t is well known
that the opposition these immigrants met caused the
Asisc trade TO fall off That trade has since more than
recovered ITSELF and check remains our securing
the boarded wealth OF China. The last year has wit
ssed in the port OF San Francisco an aggregate ton
mage in arrivals Of half million. constituting an increase
1851 of 257 vessels and 267 OTIS tons, whilst clear
ances sum up 10 462,09i tons. This San Francisco is
good point whence look towards the connecting prov
ince, OF Mexico In the whole range of political expe