The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-03-31

sixteen miles only rns space Is osrey srse erarSS 80
is 'ee,e sno ssaneing room for the cars ocomot,vs
Cep ~; ard yet the local freight business Of ths Uo;o
load ths entire mi1 ouAissss Q, Eastern di sio.
the hvrueh Nndec goods and the express parcels \,
necessity focsd to take that route at serious ins
| ven
pcrticn Of che exps,ss matter, and Inc other b..
fIeigbts whioh conveniently come under tn. san
classification ave unsvof ably carried via piermont Tn
live stdsx trains run only to Bergen three miles out
The pier at Pe MON sxenss nearly mile into th
about five nass or stcnss IN addition; yet the area
As rier iuss hes sn about ea toe prcseut nscesssy
s,aUaa s"Dnr or @ csrs nE.nos ~ uS srent q
o'Esr cuiky corsnpcdi ies.
Tao constructiea account Of this ,any has but re-
cenriy been q aDdit ia deenred wise TO
open It; yet these reqnnemeDs Of snpera i've
ure, and such w isvolve oendtu larger than
cnun," Tney are, to-, of such character that thsy
be made tho p,csont local. lies tboe
rhs epsy o ssss sspsna,u~,s the
place At which they shall be made, having n view
es to eIps-s ard fast fresSs: the ssa
,, sien sf shippers o. property over tae road; the
Of the Company general 10 erssts Of this city: sd
te.t ~ should Be cny pr.eted rsoe,vsd ss ct
To this end, tow iriesds OF the New York aud Erie
RAiiioad Company have led them selves OF most
svosbe cpDoy, unity, might never again OCCUR
Tor securing suitable and extensive grouud upon oos
lion most fly adsped to It's ana future geo ring
wsnts me even vii 90 regsraed az the more
nifty Of New York. AMI eapscinny Jersey CITY Is
beirg daily 'alen up for buldiug aud misunderstanding
purpoaes and scsount Of tho aAnced value and
tent OF the grornd required any iurthor delay ,uM
possibly have fsrever ceiested shc movement rhe vegc
table garden OF today becomes crowded ward Of city
fo-morrow- and transition in the value Of property Is
equally remarkable.
1he property purchased which designed for the de-
pot s situated in tue cove 40 ut midway between the
!stsey City and Hoboken fores, north Of ong Dosk,
IN what wa. formerly known as HArtdwus, Jersey
CITY, 1t embraces all 'he land under water east nigh
water MARX between Pavon,a ana Norto Fourth
soet. inclucpg halt Of thcee streets aud extends into
veniy acres, about eight hundred lots of land.
From this trsct to the present line of the Paterson
snd Hue son River Railroad, distance Of two mi e.
nttnuous right Of way secured excepting two lots
eaon 20 oy 100 fest Ia Jersey Wy,. aad two other
The whole purchase cub aces aoou. two hundred and
twelve acres, t-o thousand five hundred ana fifteen
ts OF h.d Tho present value Ia gsy exceeas The
the pyincfal pure havicg made before tho OBJ
jest In view became general known Tho great oeue-
lite to hs dclved ro the In the value OF this pro-
wtrk It is in'enced shal solely the New Yok
and K, e Railroad Com ,sny.
ave been anted by the IegsiatuIe of New Jersey
s late seacn copfrrrog al the Leccssnry powers and
grants for the purposes required.
tie ir<t IL "Act t. horze the New YO and Erie
Ra lroac Company 10 and hold snds and
plste and iao the railroad a he Paterson Hudson
River Railroad G mpsnyn The secon, Is act incor
soraIg the nng Dock Company with power so 10
srac' aroad to connscs with other railroad AUTH,
ised instructed by w. to purchas hole lands
Ii the and to mako all the improvsy emcnw
which nay be necessary for railroad d.pot, with
vss sps ano s.orohouses. This act also conera ferry
privileges
1t wiil be borre in mind that the New York and Erie
EailIoad Cor parry operating tho Ia aerson and Hnd
provisions Of ,hs rst OF the legislative above
fered to- the New York and Erie Rstiroad Com.
of the siong nock CmuoenyD at such sims as it
may be deemed advisable to do 30; bus 1t Ia do
with ths ,cati formed under the sec ,ad
A soe rfgssite accommodations wid SC furnished viii
cut tsx this 'mssny st .he cnerous respoaoii
The proposed terminus In 10 sey City viii not only sup
, the convet epce. de abe The Prncip.i pas eoger
alton o. great railway but WIN also furnish ths .ai
Il area cr shoes add st&noipg t0ts for the requiscd
rrmeer Of freight cars arrcogod to render the
ssnter any quantity Of gods systerac, expeditions
Il no., huweyor. the policy Of this compsuy shan
Don the Perm ont TERMINUS that Will undoubtedly be
cquyta as ds pos for age portion 0f traiah ,raf
nc q the road and the rnrcnse quantities. OF uaocr,
cca' iron aid other heavy and bulky nodies win
csgriso 10 an from that point heretofore.
Consclr sBt depending upon tke improve meats at
Jersey City arrangements about TO be nsde with
10000 tors OF coal annually, 10 DO dc iver,d ps-
mott This is in addition to the present basness Of the
5oed sno her IKE arrangement contingent upon an
iaIged facilities, are also in prospect
Tho chars o.ei Of the bus1r which will be done a.
liemont viii changed but tue extent Of the viii
Tot be dunthed, ho importance Of tho place in the
sigh Get degree impaired.
neexpene ofhApspostafion between the proposed new
terminus and the Susrn Junction will not vary ma eriay
fcm that betw the latter point and PlerInont while
the cost Of maintaining tho between New York and
Fierncnt win he in measure dispensed with.
With depot complete, and upon q scale conlmen-
snrae with tho magL ituee the business OF the roed
located as it wi b in the he Of the busness theatre
be truly regarded the crow,i z stone the compe
tcD OF tbls Pi9sEtc work and will 10 to the
n Of Ne. York vsst advHntagcs and to this company
ts unfival &C conr OF large proportion OF tue bust
ress Of the mighty West.
the General .uparinsendont emhodics very full and
intelligent tose the ntcrnsi organization and work
Ing of the DAD, and will esd not only By tho st ok
raly. with particular interest In addition to tss
deteed account of the general divisions Of the road
% q hS snd dOs' sns sn the % %
telegraph q the cost Of ansportatoo, Of rhs eIpend
lures in instruction for the past and estimates for the
spei.y in ito sdse alton . hesyy Sasiosss
boh as II regards econnmy and capacity and de-
nnonsrAtes the position by theory and aeriment.
The aeness la The season when the ful returns Of the
ispeipg suon voIumnous statistical iniormattoa to.
r.tber with the demand Of other Imperative duties
protrscted the issuing of his report but believe ts
lucid AID important character viii fully moensate for
any mpattence the delay may have occssoned. All Of
'''' 'S - HOMER RaxsDEyL, President.
oyi1cr Nyw Yonx AND ERIE RArnoAD CoMrASx,
NEW YORK, March %. 1885,
raisiScs sssrssog7,
30, 1866,
T5ta earnings. 30, 4SS ae6 u
lisnsp2e atson expenses,
(a7.s3 1GO per CENT ..... - e25, IA ST
Rem. Of Union Railroad d... 81 733 3c
Hire II fcars......,.... ESQ Al
Taxes s,.......,..... 6t,583 05
Sesmer expense account... 3l4N ~
Difference between cost and
net procccos OF sale OF old
iron p,iuo DO
Difference between and
net proceeds Of sale Of enp
CINE and ............... 10 %
Iose by fire, bsrgc.......... $3.50 -
at Jeuey City,. &C. b61 80
ut Port Jssvs. 2l,863 20
Iachawaxen bridge, $4,000 o.
Total expenditures, (s214l0Opcs cent? 81, SO a
NO. earnings after deduoton
of all expenditures except
new ad5itcls 10 road and
machinery. S1SH,hs 10