New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-04-11

The following letter dated Toledo, March 90, gives
an account Of the opening Of the Wabash Valley Rail
road its position, prospects and Importance TO the
internal commerce of the City of New York. 1t opens
TO the trade Of this city direct route to very
wealthy and extensive section of country which has
heretofore been reached only by the most crcuitous
and most tedious modes Of communication. The
Wabash Valley Railroad opens the entire region to
lake navigation and gives it at facilities equal to
those enjoyed by any other portion of the West, for
reaching prominent ports on Lake Erie;
"The extension Of the Lake Erie, Wabash Valley
and St Louis Railroad to LoganspOrt was celebrated
on Thursday of last week. The excursion train left
Toledo on the morning of that day, and taking Ill
guests from the principal towns along the inc arrived
at Loganspor 100 miles from Toledo jnst before night
fall LoganspOt If a beautifully situated and well
built Young city, Her citizens and the people of the
surrounding country, composing several thousands,
welcomed their guests by demonstrations usual on
such Joyous occasions.
"ibe extension of this very important railway leo
miles south westerly from the cad Of Lake Erie
should be of qualification not only to Logaus-
port which, by its means, reaches by the shortest line
the naygable waters Of Lake Ere, but also 10 New
York which has her commerce enlarged ny every rail-
way extending from lake harbOr toward the center
Of The Mississippi Valley. The line OF this road, you
will perceive is emnenty conducive to the turning OF
the trade of the central portions OF the HVer vaHey
toward New-York. By its means Indianapolis an
impoI1ant railroad center enabled to send her pro-
auctions destined for Eastern markets to lake harbor
at Toledo. This j. done by the connection of the Peru
and indianapolis railroad with this furnishing Tall'
road route from the capital of Indiana to Lake Erie,
at Toledo, shorter by 81 miles than by way OF the
Belleiontaine route to Cleveland.
"This shortening the distance TO the lake will give
northern direction TO much freight formerly sent by
way of the great rivers II is scarcely overatng tins
great line TO say that, by itself and Its connections,
will secure to the City ofNewYork more than hall the
commerce Of tie State of Indiana, and large portions
Of Illinois, Iowa and Missouri.
"The road TO LOganspOrt is n section OF the whole
line Within the present year It will be extended to
Danvle, in Illinois and thence by Great Western
Railroad through Springfield and Jacksonville to Ma
PIES on the Illinois Rive From Naples railroad Is
In operation To Quincy the Mississippi. Bot more
direct hne to the Mississippi, opposite Hannibal, in
Missouri will bring the Great Western connection
with the Hannibal and 81. Joseph Railroad, and carry
the line from Lake Enc to the Missouri River. Inns
whole line il will be SEEN runs in the natural direction
Of trade, and will, in consequence secure large
amount of business from the railroads ntersectng IT,
but not having their general direction concdent with
the natural current of commerce.
"The Wabash Valley Railroad will also form a line
with portion of the reTe III auto and Alton Railroad,
30 a. become the best line of railway connection for
the trade between St. Louis and Lake Erie"
The Boston Journal says:
Money is more active at from u TO T. cent, but
the supply continues ample TO meet all requirements.
The continued expansion of bank loans in New-York
attracts considerable remark but there does not sp-
pear to be any disposition 10 contract on the part OF
bank managers Notwithstanding the forebodngs of the
cautious The probability is that until the current OF
domestic exchanges turns against the seaboard, no
material change in their policy viii take place. The
Boston Banks it will be noticed increased their line
Of discounts over half million last week, while in
specie there twas gain of $4,000 and in deposits
s93s 900.
The New. Orleans Banks continue to increase their
specie strength. The following is the latest report: