The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-12-11

With the limited amount Of specie shipped during the
past week. there is but small difference between the
aggregates Of imports and exports Bresdstus going
forward rapidly and to swe the value Of exports
materially.
SARATOGA AND SAcxEr7s HARBoR RAILROAD.
From the Albany Evening Journal
The condition Of aborers in that wilderness region at
depllai L. II, as represented. the company and con-
trac unable to keep their men employed or even
to pay what ID due them some active measures should
This enterprise Is not, as the Atlas supposss, GO
foolish one, but il may have been pushed too fast In
prise, it may be regretted that works under
taken -
more than the fault Of the COMPANY, for their own
money, 10 large amountsyhas been expended. And
whatever delays be experienced the Saratoga and
Sackett's Harbor Railroad win be resumed and COM
peted greatly to the advantageof the State and the
company
take the following item from the New York Evening
Ezpress:-
Saratoga and Sacket's Harbor Railroad, and says
This foolish enterprise has been stopped by the ina
bty Of the company and the contractors to pay the
except that il has produced great temporary suffering
The contractors advertised two months ago for 900
men, and immense number Of laborers, who had
been dismissed from other works. gathered to the line
An extraordinary number Of women and children
companed them We hear that these sborers have not
been paid, that late in September they received some
S10,0O0 in Lewis County Hnk money, and that since
then they have been put oil from week to week with
which undertook to build this road aided by
grants of land from the state have spent about $3.50
and owe about $3.50 COO To complete the work would
cos. about 81, 600 900. O."
The facts are these. This company does not owe
30 to anybody except in the shape Of its bonds hav
ing twenty Ave years TO mature, and these most
amply and satisfactorily secured It has not note
an acceptance unpaid In existence. It has complied
strictly With the tern Of every contract 1t has made
has paid in full for all the materials that have
been furnished and for all the labor performed 1t has
the regulate vouchers for 1t from the principal contrac
tors II has, however, complied faithfully with the
conditions and provisions OF the laws which the
Stare granted the public lands II has forfeited
Ia il liable forfeit any OF the rights franchises which
have been literally conferred upon it, The principal
contractor not only gave what was regarded ample
security for the performance h part but agreed 10
assign, and has assigned his sub-contracts 10 this
company with power to enforce them, as . further
security. And these Contractors have bound
themselves not to absndon their contracts or sus-
pend the work. They have the privilege in times like
these under some circumstances TO reduce their
forces in the field but not wholly TO suspend their work
the difficult sections. The company pay partly in
cash and partly in its bonds IT has expended over
$3.50 900 road and paid 1913 600
have information that the and
their aborers fully paid by the principal contractor
about the middle OF October for al the work done,
coriing to the terms OF their respective agreements
and the estimates OF the engineers Bat is undout,
eddy deeply regretted, that then ali these
men have not been iuly pan, owing 10 Inc failure OF
parties who had agreed to advance all the money
their bonds, pursuant to arrangements which the
tractors had mad and Which had been partly fulfilled.
II due to the r. say that they had every
20 believe TINT the residue Of the money these
bonds would have been forthcoming with promptness
equal to the prior ARRANGEMENTS but the Disasters Of
the money market struck down the Of uudoubted
credit whom they relied This state OF thugs has
forced the contractors TO reduce tho number Of aborer
suddenly, ~ this Indictment which has probably
produced much suffering and Inconvenience. II Is not,
however, the fault OF the company me dlfhcuity Ia
entirely between tho contractors the laborer The
work is not abandoned by the contractors, nor VIII be
New syousloss have Ssea opened viii osasr pss.sA,