, 1860-01-27
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FRIDAY, JANUARY q, 1850, -,
ssxG NT1C SCHEME FOR SECURING;
THE .EIk DE or 'rfaE atESK..
Ala HNl DF NEW YORK.

FRIDAY, JANUARY q, -lseor
ssxG ANTTC SCHEME FOR SECURING:
THE FRA DE or TEaE tTAiSE.-
Ala 6nl OF NEW YORK.
We copy several articles this morning iso1n
our exchanges relative to the 0orts Which tic
Grand Trunk Railway interest is 1pakipg &ose-
care tue Ltou's share Of the carrying trade Of
the West The sc'.eme as thus developed, is
4 gigantic ono, embracing continuous line Of
rail and water carriage from Halitax and Port
laud to New Orleans including the country
tributary to the lakes and tho valleys Of tho
Mississippi aud the Otto Rivers, a,id c1tcud-
ing latcraily wherever arrangements can bc
made with iutcrscc:iug roads, canals aud
steamboat lines. -. =.
Already, it is saia, arrangements have been
snado with Tie Illinois Central. tho Michigan
Southern, Including its D..roit and Toledo
coaucction, anl oDo Of the Luke Eric aud Cin-
>inua:i roads, by which through fresht-bil!s
are .ivca from chicos,, Cairo and Cincinnati
% Liverpool The Company, it is further said.
tavc purchased most uf the steamers on Like
Oatasio, aad will control The steamboat b,,si-
hess on tha. Lake. 1t il also nesot atins f0r
the control Of the Harlem Railroad from New
York 10 Albany, feoal whicl, place it purposes
70 huill road to intersect its own truL!; Iire,
By which means it will control The port Of New
York as we'll US those Of Portland aud llal.lax.
Aud this, gigantic as it is, is but part Of Tic
Scheme. y liue Of steamers is 10 be put on
tbs Liverpool aud Ncw Orleans route, which
vii receive their carsoes at New Orleans d.
rec, from the river steamers. by which means
!: will be able t, secure share o: the carry
lug trade for such Of the ,toducts Of tue Mis-
*lssppi Valley as may seek tho Southern iu
preference to the Northern roulc. More THAI.
this; arrangements are On foot to establish Il
lie Of steamers between Philadelphia and
Portland, to run in connection with ta1e Oceau
steamers between the latter place and Liver
p'ol Heretofore Philadelphia has obtained
her ior:isa goods through New York lues
and the New York Cus!ou, House; and should
her foreign trade 10 diverted to the Portland
aud Liverpool line, it will prove severe blow
Upon the Oceau carrying trade Of New York.
Such are the outlines Of the scl,cno orisi-
mated By tito lons-|,eaded capitalists Of Lead
en.!a,l street. London. II carried into cf:
feet. as there is every reason to believe it will
be, it must in coarse Of time extend it's rami,i-
cations to every portion of the country COZ
:ec,cd by rail or nasigable water COURSES will,
the great through line between New Orleans
and Portland. It is not surprising that tie
most sagacious Of the business men Of New
York city, view the project with missivius
::nl alarm. 1t cannot tail 10 affect tho busi.
LOSS ol that city with tho Wcst, as we'll us d.
1ni1:sh the revenue Of her ca1als and the u-
ccipts Of her railroads. 1t is not alone the loss
os the carrying trade, both land and occau,
with which she is threatened, bu:
the great bulk Of her western tus;-
ness also. Through shipments Of Western
Products to liverpool, will DO followed by Iii.
rect Importation from Europe for the Western
:rade, aud By a large increase Of travel This
a:1e: is well understood in Ladcnhall street;
aud honco tho rates Of freight proposed to he
charged orcr tho Grand Tr7,nk are below
the average charges on otter roads in this
country. The policy is 10 attract tie catryil: !:
trade, even If, to do SO, it should become utc-
cszary to mike deductions from the ,,rese.t
ehassos, looking ior repayment in the increased
passenger traffic that will surely follow.
While New York city is thus threatened by
tbs well devised scheme for the diversion o.
her business she is Threatened with State leg
asla'ion that will in u measure force her out Of
s:'e ti='1 OF competition Two bills are HOW
oe:e'e the Legislature Of that State, the pas
ease If oitl,er one Of which will pIace her in
:ais condition. The cue is to compel the rail-
roads to pay toll to tie State for all freighls
carried ovcr them, to make good the deGcicnc;;
III caual tolls, caused by the diversion Of trade
to tho Cauada route; the other is 10 compel
'he roads to carry way freight at the same rate
Tcr mile which they charge for through freight
Either polio; would bs ruinous TO tho roads,
:snd would certainly do mucl, towards ct,stin::
o1 the entire trade oe the Western States will,
Now Yo1k. With such lslrthru upon her
r''als, they could Il, longer hope to compete
with the Grand Trunk on the north, OF witl,
the Pennsyls:aaia Central or the Baltimore 4
Oaio oa the SOUTH. Tlla city Of New York is
cxer,ing herself to defeat these measures, s.,
!raaEht with disaster to her interests, but the
probabilities at the present time aic largely in
favor Of thsir passage. 1t is to be hoped, how
ever, that wiser counscls will prevail, and tllnt
the West will continue to enjoy the advantages
Of free compstition,
We need not point out To our readers thu
various ways III which tue Western States will
bo banefttca By this project Of the Grand
Trunk Railway IT,: compete for their carrying
trade These :tre go obvious that no orc ca,l
fail to SEQ and appreciate them at glance.
Whatever chcapens the cost Of moving Our
surplus products to their ultimate market, will
tsad to cnricl, all classes Of community.
but especially the producers will give in.
creased activity to business, anu IN irresistible
impulse to the development oc the unlimited
resources Of the West Let Lcadcnhall and
Wall atreots do their bcst. -,
DOUGLAS on THE SrNAW.STACK
WAR.
We publish elsewhere Mr. Douglas speech
III tho Senate on Monday last, scla.iro to the
invasion Of Virginia which cid not take place.
The text selected by the speaker is tic eor7cs-
roadenco Which passed between Cor. Wise
and President Buchanan concerning certain
mythical lands of desperadoes supposed to he
nnrching from Pennsylvania and Ohio against
Virginia 1t will be remembered that Gov.