The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-03-31
same Gadeden treaty. If It passes, the a..
ministration will have taken potion eqr ., n
two doses Of Gardner's stSyohnine

two doses Of Gardeners stgychnine.
The WHARFAGE FEEs-T' ,ere arc three
bills now before the legislature Of this
State, providing for an increase of wharf.
age on vessels .sing in the harbor of
New York, all nf which meet with GER
tain amount. of opposition en- the part Of
some OF .ne country members, because canal
boats which come here to unload, and oc-
cu' ~ nearly the same space at our wharves,
paying sixty-three cents per day, that a Liver
pool packet ship would, at cost OF ten dol
lars will have to bear an inconsiderable por-
ton Of the advanced rates. 1t has been shown
that wharf property in this city does not pay
three and a half per cent on the cost of con-
struction; and in consequence, it has been pro-
posed If the rates are not advanced, that the
Corporation sell the public wharves, which
would be done at a great sacrifice, and invest
the proceeds in better paying enterprise.
The high rate at which the leases of the
slips lately sold In this city, is produced
as an argument to show the productive
ness of the wharves even at the present rates.
The leases brought high prices, it is true;
but as they were for only one year, the
bids were altogether speculative, and the
leases were run up on the chances OF one
of the bills before the Legislature, increasing
the wharfage rates, becoming a law. We know
that there are certain slips which sold at from
five to six thousand dollars, which would not
pay the price they were purchased at if they
were crowded full of vessels every day in the
year; and we question whether there
was a single one sold which will pay the
rent during the succeeding year, unless there
should be an advance in the rates. OF
course these prices would not be again OBJ
tanned if the proposed law is rejected; and the
wharves will then again be leased at nomi-
nal rent, and instead of yielding an income to
the city, as they should, they will become an
actual burden, the weight Of which must be
borne by the Taxpayers, who receive no direct
benefit from that portion of the commercial
community who arc non-residents, and who
have no interest in the welfare Of New York
city.
If the wharfage rates are increased, there will
be no necessity ofpassing laws for the purpose
of preventing encroachments upon the harbor,
for if wharf property could be made to pay
reasonable per centagc, owners would not sell
their water fronts and fill in their slips for the
purpose Of forming building lots, as they are
compelled to do under the existing rates, or suf-
fer the sacrifice Of fair interest on their in
vested capital.
THE AMERICAN Observation-Disclosures ARE
THEY LOCATED 1T has generally been supposed
that the nillionaires of the United States are
to be found in the greatest abundance in Wall
street, New York; State street, Boston; or in
the other popular money marts of the country.
The cotton manufacturers of the East are ge-
morally considered as very wealthy men, and
in few instances-the Lawrences, the Boots,
the Mandells, and one OF two others-this may
be the case. There are also a few cot
ton planters and sugar raisers at the South.
who are very wealthy. In New York the mil
lionaires are very transient people as regards
position and character. With the exception of
John Jacob Astor and his descendants, there
have been but few millonaires in this city who
have not evaporated after two or three years
OF sunshine.
There is now new setof wealthy aristocrats
arising in Pennsylvania, which will at once out
strip all competition; and its members are the
owners rof coal lands. They receive a certain
sum for every ton of coal mined on their lands;
and the price Of other fuel goes up and the sup
ply of coal remains inexhaustible, there is no
limit to the incomes of the owners of the mines.
BY certain statements which we have seen, we
learn that the incomes of the owners of these
lands, from rents, run from thirty thousand
dollars up TO two hundred thousand dollars per
annum. Mr.. Hecscher, formerly we'll known
merchant in this city, Che married one of the
Costar family, has an income of fifty thousand
dollars from this source; Henry G. Carey is
another of the wealthy ones, and his income is
stated at fifty thousand; Matthew Newkirk has
one hundred and fifty thousand year; Swain,
one of the editors and proprietors of the Phila-
delphia Ledger, holds, in connection with his
partners, coal lands which rent for thirty thou
sand year; Mr. Wetherell has two hundred
thousand year from the same source. Mr..
bune in this city, became ambitious to emulate
these gentlemen He went to Philadelphia and
invested; but he almost swamped himself, be-
cause he did not understand the business
Hereafter, the gay young men about town,
the fashionable counts from Europe, and all
other adventures who are in search of fortunes,
will have to turn their opera-glasses toward the
coal lands OF Pennsylvania, for there are the
real sound, solid, moneyed aristocracy of the
country, and their owners and defendants will
have all the money
TnE SAN FERNANDO COrrER MINING Cove requested
to state that the VIM. OBen who signs himself Presi
dent Of the San Fernando Copper Mining Co. of Cuba
an account of which published paper of yester
day, is not the VIM OBren Of the firm Of William &
John OBren No 80 Wall street. who has no knowledge
Of the concern. Of any ono connected with IL