New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-09-06

.u,,,,r, NJ Sr,cnd Nmt, ale rNnds owl Tho snis Of
tho er,err,ise aloru ne AVE c the MAI hsvs as'
,,,r,e s,,verd n,.tv vita ALL tho c'"tra"N''e ~"
n,r r,yra W. tho w,NA With cuo,ul. Tho 'a'a h"'"
tcen rrrchA-ci Gw The cntho hre Tho lh'"'t"s
,r,,,nncrd ~ the strchholep ~ avrn'r, annually
u,a,d ct f,us,cop e. c>auiuo tho R0shp oI the 100
vsn, apA nNAc = rero,i 81 au,ro,'9e the V''N""' I"
.r,,nirt n russcc to whom tie no cat'inr' 81 "'
mad ahan 10 paid mouuhly tr az oHt""t aot'''n' ~
nay the iu,rtcet duo Tho nrsida oi tho '"nrH"l'
AMI ,c csiahnsh n sinking Fund tm ia" "'nn"'" "
,,-nrt,u " tho debit. Al very iudiol"nn AMI "o'o"
ear, recommendations. The great advan"c'' ct Tho
union cg the two Compancs an fn'l, cot 'o'h' an are
summed ny a. follovri
Tho rriovrcut. without competition, oi The ln''
,raa;c al a much lan,er territory than any o'hcr
RAILWAY v ohio, securing 10 Tho cons'hdS''' 'n'fV'
n u,,ropolv Of tho trn,hc Of one rOh o INC 'errroJ
and a, q fourth Of tho population at tbs gica' N'''
. Ty,o MONOPOLY oi almos, the cnurc husinese ~
baltimore and Washington City, through t'' b"t
moro and Ohio Railroad, with all the rs'efn M,
South. western States Of the AMERICAN n'"n a ~,
6cout traffic alone to insure The prostabirnoSs OIL f
Inc moropoly OF thc mineral ira Nc, oXcepiso Tar
as the Ohio River may be competitor 'o' INC N'o''"
natl business .,.- A.,
Thcso facts should inpart strong confidence To the
friends of the enterprise, IN the value OF tne SUCK OF
DE Company. The bOndhoders are aoun1astly
secure in the large ock hnsis oil tho company "hcu
has rot been edusled q things coosi1efed by any
Company o. similar magI itude in the western states
Tho advantage OF continuous gauge from Pnia-
dcIphia Baltimore and Richmond and Norfolk to
Cincinnati will. II is believed, give this line almost
the monopoly of he freight busiDess from and to those
cities Tie estimated gross business of the line is set
down az So 64O 900 from through bu Dess alone The
local traffic of the road will also be large from the rich
agricultural country through which it passes, and the
mines Of coal and iron Passengers by th road viii
reach from Cincinnati the Baliyore or Philadelphia
connections in six hours while by the river the pas
sage occupies twepty.four to thirty hours In regard
70 the effect of the money crisis Of last yesr on rail-
roads tie Report says:
This crisis commenced in Europe, induced by an
appre hension of general wer, was finally preciptaed
by the loss of the wheat crop of Great britain aud
gTca,y aggravated by sIbsequent actual host.lliies
the Influences Of these the rates OF discount at
The Bank Of England rapidly advanced to five and
half per cent per aUnuG, which was s0on i0Uo"ed by
corresponding advances in every commercial city anu
country This checked the investment OF European
capital in fixed forms at home and abroad. Money
was withheld from this country for all purposes ksli-
way Companies whose works were neary comp'elelI
or VI on which large expenditures had been made ana
possessng undOubted merit, were no better a1!e 10
command capital in Europe than the thousand new
and wild schemes Just ra0y to be launched upon the
stock market As all were IN equal general favor but
few moths previous, so were all discarded aAhe,
whether of merit or otherwise -,
Much permanent good and no psrmGnen evil will
resut from the ordeal through wnch the railway com
panes of this country hove passed. Such cnt5 was
inevitable and desirable. Ii came at precisely the
right period OF time. Had il come upon This country
one year earlier il would have found Thousands OF
miles of railway upon which Nast sums had been eX-
p4pded large pOr ion of which would have bee1
lost for the want OF money TO complete them itd
the crss been postponed a year, vast number OF
new tnterDfises wOuli have been usder way, aud
whether completed not the effects would have
been equally disastrous II completed they would
have been Improbable themselves and ruiIous ID
other works no " successful and profitable.
The tmJarrassmeDts from whicc the great railway
interests of the country are emerging Will secure
scrutiny into railsay management; an economy IN tue
administration OF railway sffairsi thorough systm OF
guards and checks in the TRANSACTION OF their business
rigid system of accountability the part of the Off
GERS and managers an abridgement of the powers OF
officers and Directors; greater wstcDiuness on the
part of sharc holders and proper Investigation by
capitalists into the real merits of new schemes, to
ascertain whether they actually needef, and pos
sess the elements for traffic which are necessary 10
sustain hem.
The Report concludes with congratul sting 1.-THE
stockholders upon the present prospect Of speedily
bringing their great work TO point or completion
wi ich must certainly realize the most satisfactory re-
suits A. the same time, however, they WILL IA
Board deem nothing accomplished until the entire
rOrk IS completed from the City OF Cnclnaqt 10
the CITY Of Wbet lDg-haviBg confidence that the
Marietta and Cincinnati Railroad Company will Thea
ake IOsitiOn second i'll importance aud IN results 20
fcarcely any other among the great Railways OF the
United States.