The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-08-26

Company, about 70 be built at the foot Of Broad
way will be one hundred and sixty feet on Broad
way and one hundred and sixty feet on Greenwich
street with depth of two hundred feet The ground
cost 1920 000 and it is the intention of the oompa
ny to put up building which shall not only furnish
every possible accommodation for passengers and
ueight' but shall be an architectural ornament to
tn lower part OF the city. Their depots in West
Broa.' way and Eleventh avenue will be reserved az
local st. aons. The company are now receiving
freight da- at that point and cartng it up to their
lower depot. Tie rails of the Ninth avenue road
will probably be Laid down town early in the fall,
when the Hudson RIVER Railroad Company will i'm
mediately put on cars for the transportation of
their freight. The route of the Ninth avenue road
upon which the Hudson River Railroad Company
will do all their business, is down Washington
street, through Battery place, and up Greenwich
street.
The Philadelphia Ledger of to-day says Of the
coal trade:--
The coal tonnage from SchuykiI region last week
very heavy being toes greater than the tonnage
compared with that Of the week ending the nth inst
ia said 10 be in consequence Of high water In the hgh
canal which interered with ne Loading o. boats Ins
forward with unusual energy, and generally With marked
SUCCESS There is scarcely mine In working condition
that 10 not driven with all the force that can be made
available, and what 10 more satisfactory, there 10
ready market for every ton mined. We are informed
there coal piled up than almost before known
indeed there scarcely ton piled for want OF buyers
The little done in that way s from some other cause W
prices firm. Il will be that already the
Of supply med have sent forward nearly five
millions Of TONS being increase Of six hundred and
fifty thousand TONS by the same companies to the same
time last year.
The Montreal Gazette has the following in refe-
renee to the affairs of the Grand Trunk Railway
1t is pretty generally known that for some time past
Mr. Henry Ceager Chapman large shareholder in the
Grand Trunk Railway Company aud the representative OF
the Liverpool shareholders generally has been in Canada
engaged In investigation OF the line it's management
and the prospects of the enterprise From his report to
the Liverpool shareholders founded this invest CATION
shareholders will obtain nowedge Of the manage
mept of the Grand Trunk Railway, and If the proposed
Committee Of Inquiry is formed Will be convinced that
the disastrous condition Of the enterprise Ia not 30 much
the result of deusve promises and hopes held out at it's
initiation Of corruption, extravaganza, fraud, pecua
ton and gross Encouragement.
Unless bad visited Canada, says Mr. Chapman and as
out Canada could not have brought myself TO believe
th It such system Of peculatou extravaganza and men
dacity could have long been permitted TO exist the
wonder, also, TO me, is how the people Of Canada
manned quiescent The explanation that receive s,
the Grand Trunk been used for political purposes,
spent In bribery and corruption" Be this IL may,
quite satisfied that the Grand Trunk has not begun to
be managed commercial carrying company, and Ii
the general opinion In Canada that the executive at
present constituted will be worked either bon
estly or purely as a commercial company.