New-York daily tribune., 1858-08-25

sneeJ.n .......s52 az 80 sEDse4 fnase45
A'bsrt II. Neosy till ssll .o-morrov, lWeinas1aSJ
o. 10 oclJck noor, 81 tue Merchants Exo1angs, l|~
shares Of tbeAn.rcan srd Atlantic Pse6c Snip Canal
Company stock pledged a. collsts,s' security.
s. Drspers regulsr suction ssls Of Bonds And Socks
will take pscs .o-moTow Wednesday, 81 L. oe'Sck,
at the Me,cbsrts' E1oAsrge.
Tie busiress oftbe Clesrse House today VA I''se
-$l9 l2 eco p.obaby tbsrssult Of the large Transfers
Of Central stock Derg the csy oooS'
large suction Pale o. foreign o,rpes took plscs
today, st which low prices were rssiIsd.
The new ego,iaror for he setlsert Of the seers
in dispute between the Central ant Ee raios1s mss
resched point which promises eventual success lne
two Presidents NJ Moran sid Mr.. Corning, have hsa
several interviews, snc ul dlscusson on t1e points
at nsue ard tie resu; has been that the bsss OF al
arar melt has been agreed upon, which will be SUD-
nt.d the Boards Of tire two roads and We can bee
10 good reason why il should no. be unsniUousy
adopted. TIE prDcpsl points agreed on sre, the
reduction Of the speed upon the Central 70 - ne' per
hour il Summer, and - miles in Winter, making
the Summer passage in about l6l hours; the arrange
meLt OF the cattle transportation question, giving tas
Erie chance to obtain far proportion of that trsf,;
the absolute abolition Of free passes, upon which q4eS-
ton Mr. Moran lie the urast Of the ultra and toe sp-
poinms Ut of referee 70 nom al complaints Of vios
tons of this agreement are to bs submitted with
thorty 10 le the offending road 200 for esch ofnse,
al require the discharge Of the iceI committing the
violation, if such violation wss done vilflly. AZ
meeting held a. the ofiics OF Duncan Sherman Co,
this morning, st which we're present Msssrs. NJ )rso
ard Cornirg Mr.. Slosn OF the Hudson River Roaf,
Mr. Stone Of the Cleveland and Ashtsbuls Road, snd
Mr. S. L. NJ. Bslow, the above points were sssented
10 by the parties and viii be a. once submitted FOR &C.
cep.snce to the Directors Of the two Roads. There
was msnifested throughout sincere deposition 10
settle this unfortunate quarrel; and it would appear
that the Central has been most coreiistory, hayinS
yielded everything while the Erie bas yielded nothing
We shal low see if this arrangement has any longer
me thsn the otbris which have been made.
In another part of this sheet viii 10 found notice
OF new work by Messri. Colburn & Holey, on
" Rai'r, ad Economy TO which call the att ,ntion
of our readers.
We published some mouths snce a complaint from
German irencisl circular, that the Chicsgo Blrlng-
ton and Quincy Rosd had refused to psy the guarin
teed srIua s5OOoO to the Sinking Fund Of the North
ern Cross Road, which was 10 be invested in the ID
Mortgage Bonds of that Rosd by o.. The legal diff.
cutes which perverted the psy ment Of the Dstsmeo,
at the time dus have since been cleared up and
the $50 600 wes come time since paid by the Chicago
Company.
Few Of our readers ere probably aware th.. during
the present depressoD business the ps0cie of rh
Eaz' en- New-Jersey have bsen ,c6yely engaged In
building a rsilrcsi Almost e.ssry nnblc work Of
this descIiption is certain t, b. announced with Hour
ish OF trumpts, through Pamphlets and rewspspsrs;
but seems our neghhfrs IN tee Countie. Of Bergen
and Hudsor instead Of tskpg this course prefer 10 60
with the woTk Ind finish il, feeling sstsfei taat
soon as the Locomotive sha have taken possession the
word WILL sor1ehow or other come to hear OF both the
road and It's builders.
The Northern Railroad Of New-Jersey ,kir.s the
western base Of the Palisades, from pon. where il
connects with the Ere Rad, - mies west Of the
jersey City depot, TO Piernort total length W j be
fraction shoIt Of % mes. Persons who have bsen
on the ground can not have failed to observe how
gently ttis ridge Of his .lopesto the westward sjri
ing excellent prospec: OF the surrounding country
For few miles above the lover Junction the bottom
lands swsmpy ard the view is sufi GENTLY dreary
but on reaching Euglish Neighborhooi settlement
Elk eli ht miles higher w. tie fens are replaced by
be eautful meadows through which runs the Oyerpsck
Creek, navgable stream while further to the west
ward arise successive ndee, Of hills, their SUBMITS
crowL ed with luxuriAr woods. Nothing but superior
eommunicst ons with New-Y was needed to make
this neehboihood attractive to that large class Of
population dong business in the city, but preferng 70
reside in the country. In 1923 number Of Bergen
County farmers, feeiI the want of railroad, m.le
application 10 the Legislature, and obtained charter
authorizing them TO 60 on with this improvement.
Owing to various obstacles, however, the C. mpany
was not organized until March, 1857, when the
sum Of $50 600 having been subscribed as stock,
Board of Directors wac chosen. LAST Sumner nego-
tstions were opened with the Erie Company for the
use Of part Of their track including the Bergen TQn
mel when compstsd. TAe necessary surveys we're
made, under Mr. Wm. Sueedeu, the Company Chief
Engineer In January lat the work Of grading brig-
ing, track laying and eQuipping the road WAS let 10
Seymour Town, contractors, for the OF $3.50 CO.,
or sl5 600 p miie for a sirgle track. Toe work of
construction vac commenced in the Spring at various
points ard already more than twc-thirds OF the road
has been made ready for the ties. 1t is eIpectsi tbs.
the track viii be ready for the supersructure il the
latter part of October by which time the iron, srssdy
contracted for, will have arrived.
For the frs. II or II rss, the road is remarkably
straight and level, keeping at an average distance
Of about OoO fee. from the higher grounds. Only
short cutting Of no more hsn % fee. in depth, vii be
necesssry on this psrt Of the A1e short distance
roth Of Fort Lee turnpike grate Of AZ fee 70 the
mile las bsen esta6,ssed for shert distance. The
svmmt s OILY 20 fest shove tiie-ws.sr. Beyond tas
port the routs DIVORCES TO the westward, snd keeps
ct dis.spce Of one or tao niles rem tSe PAis.tss,
almost to the State line where sgsn carries serty
tothe esl.wsrd urchcr is n. is with the R'cki4ni
Bisrcb St Blanche S.stor, s59u. uls west Of Per
noIt.
wter the ,oai Is completed it rDl pass into t5s
bands Of Messrs. Seymour 4 Townsend, as lsssees,
vfo are 10 rur il for ter yexs We a-s Informed that
cops rsston is sufficient 10 Fsy Interest on the b'nds