The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-07-19

the advantages Of internal communication are
concerned. There are no lines of railway or of
canal running either directly or near to it, and
without at least the FIRST of these facilities Mil
ford Haven would be practically useless as an
Atlantic port. To supply this deficiency COM
pany has been formed for the construction of
railway from Manchester and Liverpool direct
to Milford Haven, to be followed by another d.
rect line from London itself Of this company
Col Dudley Mann hes been appointed the agent
in this country and as will be seen by his letter,
is now endeavoring to raise the necessary CAPT
tai in the South by suggesting Chesapeake Bay
as the fitting terminus for the new ocean line at
this side.
But on this point there are other interests
which viii have something to say. When the
original proprietors of the new vessel became
discouraged by the magnitude of their under
taking, certain capitalists having q heavy stake
in the Grand Canada Trunk Railroad, offered the
necessary sums to complete her, on the condition
that Portland should be made temporarily her
port of destination. Now Portland is admitted
to be one of the finest hsrbors on the American
interests of British North America were alone to
be consulted, either of these ports should have
the preference. The Canada trade and passenger
traffic will not, however, support permanently a
line of this magnitude, and we question whether
even the trade Of the Southern States would be
sufficiently remunerative to defray the enormous
expenses attendant upon it, If these hypothesis
are correct, all previous claims founded upon
pecuniary or ether aid must give way before
the more paramount one of necessity. New
York alone combines all the requirements for a
terminus for the new line, and to New York it
will ultimately have to come Our city is the great
centre of all the commercial and manufacturing
industry of the country-it is the point
from which radiate all the great lines of commu-
nication which intersect the Union and it is daily
monopolsing the foreign trade Of all the second
airy ports The proprietors of the Great Eastern
and of all future vessels of the same class, must
therefore see that their interests leave them no
choice in the matter. 1t being ascertained that
the port Of New York affords them all the depth
of water which they require, we are entitled to
consider all further hesitation on this point as de-
fnitely settled.
With the Atlantic telegraph placing us in hour
ly communication with Europe, and monster
steamers conveying cargoes and passengers from
Milford Haven to New York in eight days or less,
We may look for complete revolution in our
present mode of transacting business To what
extent the change will affect our domestic inter
ess it is Of course impossible to say but that it
will have On immensely stimulating effect upon
all branches Of our home as we'll as foreign trade
there can be no doubt. Houses which have
large stake in manufacturing and other monopo-
lies will do well to prepare themselves for the
suddenness and magnitude of the alterations
which these new and improved agents of commu-
nication will bring in their wake If not, they
will find to their cost that their humber but more
keen-sighted competitors will have taken advan-
tage of these auxiliaries to counterbaance the in
fluence Of their larger capital