New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-09-23

W. have no change to note in Money. The supply
on call appears to be equal to the demand, which is
active Thereceipts of the Banks are now large, and
the offerings are moderate. In the street the supply
Of gilt edged paper not equal to the demand and at
short dates it goes at 7d8l y cent, mostly at b
cent. The shipments of specie appear as yet to have
had little or no influence upon the action of the Banks.
Their specie lines will be strengthened probably, on
Sunday or Monday next by an arrival from California.
We published yesterday long statement in regard
to the Honduras Railroad project showing its merits,
organization, &c. We now give per contra the
opinion of Col Totten, engineer of high reputation
and ability and enlarged experience in such matters,
upon its feasibility cost &c. 1t is proper, then, when
an enterprise of this magnitude is presented to the
public, all light possible should be thrown upon it.
Col. Totten says
AsPIxwALL, Sept. 3, 1856.
In answer to your note of August Il, with the
accompanying slip containing an estimate OF the cost
and revenue Of the proposed Honduras Railroad, l
must say that in my opinion, the friends of the
Panama Road have nothing to fear from that scheme.
studied Mr.. Squiress report with care, and more
falacous was never presented to the public.
Compared with the Panama route in respect to
climate the Honduras is but little better, excepting
among the mOunsss. III all other respects it presents
many more obstacles, and much more expensive line
TO construct
Labor will not be readily obtained there than
it was here-Carhagena having afforded lis quite a.
many and better laborers than can be procured from
Honduras.
Foreign labOrers Will suffer as much there from the
climate as they did here.
Taking all honest commonsen view OF the country,
as presented in Mr. Squiress report the gradients will
be very heavy. VIII not be possible to surnount
that summit without long grades of at least hundred
feet per mile and | am pretty certain that grades
of over two hundred feet will be found necessary in
many cases.
see but one single favorable feature in that route,
which is the Bay of TOnseca on the Pacific, toward
which Mr.. Squires seems to have an enthusiastic
partially.
Labels only approachable by vessels of very light
draft.
The expense of the route, you will see from the FORE
going observations cannot be less, mile for mile than
the Panama route, and viii probably be greater.
Taking il the same, the cost OF one hundred and
six,v.one miles will be s20 600 600 twenty millions of
dollars and the time required 10 build the road will be
from ten 10 fifteen years.
These are the views have formed of the Honduras
route for railroad from Mr.. Squiress published report
and from the observations of intelligent persons who
have resided in and passed that section of country
and Won are aware that with me Central America has
been somewhat of study. Very truly,
(Ssned) @. NJ TOTEM
We have copy of the annual report of the
Chicago and Rock leland Railroad Company, showing
yerv favorable condition of the business and finances
of the Road for two years Theearings in that period
have been:
From July TO- 1854 70 July l. la55 1906 10
From July J. 1855 to July l. Lil6sOi OS
Total for two SZo5zlo n
The disbursements of the same period have been
for operating:
EIpen,es..;;.;;::.....................sls2s9 gas 20
BUREAU Valley, Road rent. 5000 %
Dividends ..................'......... oJI,Bl 90
Leaving surplus OF I 1913 w.
After the payment Of dividends included in the oper.
ating expenses $7 $50 for repairs of road equi
page &C., which is very large and has kept the road
in perfect order This is e. 600 p mile for re-
pairs. The Company have erected grain house in
Chicago at cost of $l25 900, capable of containing
100000 bushels. They have also built double track
from Chicago to the junction, side tracks, warehouses
&c. and purchased additional equipment. BY using a
portion of the earnings Of the road they have kept the
capital stock and bonds within the limits authorized
5000 ooO and have $40 900 of stock on hand They
have resolved to purchase $50 and 10 locomotives
which are needed for the transaction Of the rapidly in
creaking business of the road. The Comnanv pow