New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-09-09
RAILROADS.

The railroad men being down nova days-stock-
bolders, bondholders, managers all together--it is
perfectly safe to kick them, asa good many are
now proving. Wallstreet and the brOkers-the
fools who believed the grand calculations which
proved that each railroad was certain to make the
fortunes Of those Whose money built it-are under
going discipline, sanitary, perhaps, but not par
ticularly pleasant-nOt sweet in the mouth, at
any rate. SO we let another correspondent have
his fling with the rest, though we don't consider
what he says the whole truth, BY considerable.
We have come railroads too each Other-those
between this City AID Albany, ter instance-but
they were not built in the expectation Of direct
profit to the stockholders but with view to in
direct advantages. Since the railroads are admit
ted 20 be so great and general good, why not
credit their builders with good intentions !-Bu.
hear our correspondent:
T. The Editor af TIE " T. T,isgAe.
Sir: Now that the strong man, financially, is falling,
and creditors 60 sbou. the streets mourning and lame
ucks iuter, and wise men shake their heads and say
the country going to ruin, may be weltc look into
its true condition and inquire after It's resources.
So far ~ the great interests Of the country are
are up OF down in Wall street, or whether one or .
dozen banks or brokers doing business there fail or
not. A genial season and good crops or unfsvors-
bic season and short crops, Of far importance
to s prosperity than al the brokers that ever babbed
in the Exchange, or ever will They Pcoouce moth.
ing, and the country would be greatly the gamer If
every broker was bound ont u some hard-workng
farmer, and compelled to work by the month upon q
farm for the next year.
A single week Of bad weather this Summer, by bring.
inc he ~ az a vvHa has
more damage, created more real Joss, than would
accrue ii the fires which supposed to be burning
very fercey under Wall street were sose day to bur,
out ard swallow Up all the brokers' moreydeslers and
stock ,lobbers in and about IL precincts.
In q single week the farmers in this State lost at
least five millions Of bushels Of whe.s direct loss to
them Of a: least eight millions Of dolIars This money
il Of withheld from the manufacturer and the
mechanic, because the farmer stops buying when
he has Ioshing to SCI. Il woIld be instructive ~.
know how many millions of anticipated profits will
melt away for the want OF these eight miIfons-how
many failures may be compelled because there was
90 much less saes, and loss Of the anti pated profits
which were to cary many men over the bad time
twenty Gays OF GOOD, warm weather, and the cb
sence OF frost FOR tint time, Will make at leset
isooCoooO OF bushels Of corr difference ~ the farm
ers Of the Cnon-et least ftymiLioE. Of dollars.
the weathe-, not Wal street, thst rules .he destnes
OF the country For the last fifteen years me csunty
has been growing rich et the expense Of the capitalists
Of the city.
The construction Of railroads hes developed the
agricultural Of az The States 10 greater
.ss degree. In tbs STATE alone il h safe to say that
the annual income Of the f.rmers by reason Of the
increased facilities furnished by railroads., Is 81 least
five millions OF dollars t.an i would be without
them. To the agricultural interest be railroads have
added sum equa, 10 the whole cost OF al the raj.
roads which have beer CONTRACTED il the yhole
Union. Yet, not only has the original capital been
sunk beyond all hope Of recovery 5e creditors,
except the frst mortgage bond hoders OF nearly every
railroad company n the Union have no security for
their debts. and no well grounded bops 20 ever re-
ahze any part OF tei- investment. SO * iothieg.
gambling, and the various node. If ieg,iGed robbery
nov in vogue may gavszi.e the rotten carcsss into
.ater !: mas, be bur,ed OF. Of sg.t VIII ts e1 en-.
Ian Of some three .: fur rosds .h..e Iit rskcta
e3SPa1y 10 tss eosnIy vhost sto:k = Iea,.7 ysr.h
o'e nh on TIE s7lar, a1l :: - :o.rs9y tstsn TIA.
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