The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-12-31


gate increase In SIX years. IL 6oa 3sS
Buffalo still maintains her position - = great grain
mart; and Notwithstanding the diversion Of trade from
the Erie Canal by competing routes Of water and railroad
transportation the receipts steadily the increase
The aggregate grain received annually exceeds thai
Of any port In the world r ~ any figures yet pub
shed Indicate During the past three or four years the
increase has ~ been rapid formerly being since
1852 only about 1000 900 bushels whereas from 1850
70 1851 Il was 100000 bushek The excess Of total
imports however, OF tho past season over those six
years SINCE Is 600 COO bushels; ana this u due alone
10 grain unground, the increase in aour scarcely
amounting 10 . material figure.
The coupons OF the Jersey City Water Loan due Janu-
sry 1857 viii be paid presentation, after that date
The Continental Bank Of this city the Mechanics
aud Traders Bank Of Jersey City, u The option of the
holders.
The following communication from q snipowuer pre-.
ssnts new claim for the considersoa Of Congress. Rail-
roads more entitled 70 return duties than any
other great nteret OF tho country We have doubt
rounding OF duties on railroad iron would bslp many
sinking company, but the shipping interest seriously
dcpeesed and much entities to government aid
railroads. II there IN 70 be sny rofundng Of duties
20 fos making general-tor making excepuonsfor
serving oil alike II Congress makes . beginning there
viii be no slipping place
TO THE EDITOR OF THE HERALD.
The comments In your renowned ana public spirited
journal relative 70 the contemplated and absurd projoo
being astxted In Washington, Of refunding the dn
ties railroad iron, SUCCESS tho necessity OF Ike
measure order to relieve shppfng interest," such
MEASURE will be especially welcome during the prcscut
DEPRESSED ss.c Of commerce. Tor while railroads are
proessedy earning their eight and ten per cent par
num- ps In the aggregate or the past two years have
NOT paid the nrs dollar OF interest, and 10 confirmation OF
This statement may be quoted the remarks OF OF
experienced ship owners, that be would willingly
charter hs weasel free Of charge Tor the next twelve
months provided the cEarTrcr would agree 10 return
her the end OF the In er present don. Then
why not refund snip owners the duties paid through
long series Of in chsns cables cordagc aud
vas for the money IN this case viii 70 directly rlo the
pocke OF Individuals and touch the right spo Ten 10 one
II refunded 10 railroads. via be appropriated In undue
expenditures certainly no individual Win reap the bene-
reads have already dervs great bsnehi from heee eaes
Ii word, a. the encours,cmeni u nAs Afforded home
manufactures has enabled according TO the report Of
tue eaing railroads. 10 produce rails Al half the present
Price ~ importation. The American shipping In des med
10 meet win powerful competitor IN The Brltsh iron
steamers ard propsiert The lalo peace hn thrown
many Of them out OF employment and large number Of
iron propelers Annually bciug built IN tho Clyde,
Which must DO hard rivals, especially II our cssstwss
rado should DO thrown open 10 foreign composition.
II would not be after the opening Of the oosstwse
uacs before We should have Brsh propocrs piyng AL
all along This Mricus matter ship
ping interest, and repeal Of The iron duty. other
equivalent should be granted before any such
Attempted. 10 have free trade In ships es
have free trade In every article that enters into their
construction We have objection TO rcfunding duties
railroad IRON, but lea all who have raid duties,
hayea share 10 The plunder