The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1860-05-02


ns'. 5 homsthe Ginrihpaii cosmereial rieT 'es,
EXTENSION 0FlTHEtNEW
..as2 i,e5 YORK AND ERIE GUAGR. od1 -ss1
Whatever truth tfa there may be Be in in the state
meht which we find in a New York paper, to
the effect that the; wealthy Madrid Banking
House of NJ. De SALAMANCA has become q
joint contractor to complete the Atlantic and
Great Western Railway, thereby ensuring the
junction iof the New York and Erie and Ohio
and Mississippi roads, there is verglittle doubt
that this long talked of project is to Ibecspeed
ily accomplished least THAT Sportion, of IL
between the point of divergence from the M
Y. and Erie track and Akron, Ohio, on the.
tCleveland and Pittsburgh road, or Warren, on
tho atlantic and Great Western, We iearn that
sthssfoiloHing contains a reliable statement of
the state5 of affairs in reference to that gigan
tic. enterprise: est .lIss Ios---,,ssts, or. 81
BY an act passed Just before the recent ad-
ijournment Of the New York Legislature, the
Atlantic & Great Western Road became pos.
.sesseds of the Erie and New York City Rail,
road, the grading of which is, completed from
the Erie Railroad, at, Great Valley, to James,
town, something over 80 miles. For the purs
pose Of finishing up this portion Of The line,
the. Erie Railroad Gompady are now transports
ing the. rails over its,ewn iroad.a From James
town only small expenditure 4: necessary to
extend the road to the boundary line of Penn
sytvaniai Within that State, We learn that
the contractor has already one thousand men
at work; the construction of this ssportionuef the
road is to be driven forward with all possible
despatch. The parties building it have sever
al thousand tons Of rails in New York city, or
on the way to the lines of the road. A large
amount 10. also coming forward from England,
sufficient with that already arrival to carry
the road to Akron. They are also reported to
have already provided . SUM fos the pfepara-
ton of the road bed for the rails. There,
therefore, seems.toi be no sleager any feasona-
BILE depbtsof the early completion Of this long
mooted project, ct least that section between
the Erie road and Akron, which is BY far The
most vafuabie portion Of the whole route,
which extends to Cincinnati. .e<iS Ids
kniAt1Akren, comm uDicati0nD can be had with
railroads extending TO Cincinnati, Chicago and
st. Louis. An arrangement will undoubtedly
be made with Che. Cleveland and Mahoning
Railroad, to extend the broad guase into the
citylof CleveIand,9 thus making continuous
line betweenI thaticity and NewY ork.g geIa g7s
r One Of the most. mportant results of the ac7
comPlishment of this new work will be its IN
fuence on the value Yf the New York and
Erie Railroad. This work viii then hive ev-
ery advantage of POSITION that any great trunk
line north of Pittsburgh can possess. In the
State of New York lit connects by lines Of o
similar guaee with three great towns in Gem
trail and Western New Y0fk kaASyracuse, To-
chester and Buffalo, n BY the 7reposed work
it will be extended to Erie and Cleveland, -
Should it come 20 further than Akron, it will
then be in intimiite and friendly relations with
the entire system of railroads IN the interior,
which it now breaches through lines hostile to
it. In this respect iti has for some time past
been in a subordiDateae unfortunate position.
With the Atlantic and Great Western Ra d.
road completed the New York and Erie must
become al vastlysmofe important and valuable
work, and occupy a much higher position in
public estimation, ithansat any prev us period
inaits shistory..asIn factg we presume, the aps
parent certain, y of tie early comp elton of the
Atlantic end Great w estern has had not a
little to- dolwith thes recent Improvement of
the stock of this road, whichisis now, selling
at 16. ss,..THh5 10 gG1sa gajs9qnff tiB g8 ao 81
Il We are also Informed that contract has
been recently made for constructing a railroad
directly from Jamestown to the city Of Erie;
thus bringing the Erie Railroad into conneee
tion with the Lake Shore line at that point -
The building Of this road By the Lake Shore
ECleveland, ePaines sille and Ashtabulaj line is
a. necessary result of the construction of the
Atlantic and Great Western as q matter of
selfdefepce.Y stTeTIet gsuftate1a niE5 z5sdt B
Since the above was in type we have receiv-
ed the New York Times OF the,day before yes
terday in which we find the following l., .
We have recent information in regard to- the
proiecs of The Atlantic and Great Western di-
vision of the Erie Road in the direction. of
Cincinnati, which 9avors the opinion that the
European interests which were bought into It
last year, on the Imposing representations OF
G. L. Ward, of Pennsylvania, through our
Ministers in London and Paris, have earnestly
resolved on its prosecution. A banking house
at Madrid, NJ. Salamanca, is now making
large advances; ard the English Engineer,
Mr. Kinnard, who frstcam out last season, is
now here to superintend the work. The ulti-
mate result, in case the programme j. fully
carried out, is to be ABROAD gudge connection
direct FROM Neso York toT.St. tLoais, by the
use of: Q, third rail over several of the Ohio
roads into Cincinnati, and thence by the Ohio
and Mississippi Gin which there "a large Eng
iish. interest now almost unproductiyel to st.
Louis n be same parties, we have reason to
believe, are heavy buyers Of New York and
Erie Shares, at present aud recent figures,
with view to a favorable influence in man.
agement sos intimately concerned with their
own views on the West. The first link in the
projected work strikes out from the Erie line
at Great Valley through Chautauque County,
and was partly built six or seven years ago
under corporation styled the Erie and New
Y York City Company, This work is now trans
ferred by purchase under an act of our Legis-
lature By the Atlantic and Great Western Com
pauy We may add that the Lake Shore Cor
Erie and Cleteland} interest, which would
seem to be4opposedto to the broad guage project,
has recently intimated aeoncurrence in it, and
will probably favor branch connection with
their own line at Erie from Jamestown ! thus
securingTa check upon the monopoly Of athe
Buffalo and State Line Company; whose man
ayers attempted some months since, but now
surrender an extra tax or imposition zof SO
cents a ston ON Western freightsJ from Erislto
DunkiIk and Buffalo. aafa;sar-. ~. esl.e...