The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-09-05


but such ID the vast growth Of the Anglo 5asoa colony
which only ~ degrees working out tho conquest Of tbs
american continent that The increase OF ropu.son zoe
agriculture, and the general spread OF innw
Try INC easeu he Of the runway IN sach AN OK
Leaf nearly compensate the immediate cause OF ine
decline Although ths crops OF the three years, 1857,
1855 ara lsse se,e dencieni strl he produce for.
ward.d from Chicago In 1850 amost eqnailed
that ~ 'h" abundant year 1896 tie xro~th q 20
ptlntior and the extension % culture having,
within that shot period, far made good tho actual
fnu,. " The crops. country ~bos- resources exhibit
ihs extraordinary ygor, sna sustain this power ~ recu
prrntiop, nny perpetual teas6ncy 70 in
sLy favorable Reaction compared With the I'M
fay srabie but must create constant deyenreme1t In
ihs returns. Indeed, have done nothing
tran utter traim with regard % the well snoSn condi
ton oi III. uriieo S,a,es
There Is anothsr Interesting fact that bears upon The
subj ct Corn bulky than live stock and is less
nslt 10 carry than orr, and what has been the
proportion a. their transport? In the latest ears III.
has been converted ard -four into
1--we stock and accordingly, that the transport
corn do not Increase In III. r.o OF flour while The
2rsR transport of cereals doea not increase IN the proper
tiap Of se stock The Of the railways Is be-
coming pir scelly more valuable, ~ we'll as collectively
greater
Al ether interesting ~ tina, those railway
which have been most depressed have stl proved vaua
pie TO Their tharrhoice's We 30 mol SPEAK UPON ssne
Railway Of csnsda which said sst 10 yiei
20 re'un has yet, nom tie DAY OF is opening down 10
the 3ist ~ Jspuy 1860 ylded to its shareholders
svsrsg. nisiurnd Of yer cent pc, anDnm ANY de-
firug this part o tbs case If made out win
sru The facts and figures slei with
the origin Present rnd future prospects OF the
Great Western Railway Of Canada written by Mr. VII
liam Lance, the nan, perhaps, who knows more about
such American securities than any other In London
Inc growth Of business in the American Union such
IN almost 70 the Imagination of Ms comparatively
Slew hhgish Again 40 viii 70 an instance me great
cen.'es at which The trade Western produce Is collect
cd ard sent tnIw- Westward Milwaukee, Chicago
81 inu,s aud CINCINNATI whence IL is carried forward 10
the Atlantic sud H. Europe. The 18th, Of the
most rerent OF thu places something that wound have
loossd miraculous half century hack Within the life or
Who sti In their yigor Indian track the
cniy guide from hcag, tn the Missssipp,. ~ late
1880 lard of little value in the neghborhood that
gent. ~bo IL ku"wn declined to take poesssson of
conceded him for during the Hack Hawk
Iroian war, yins that no had sufficient garden
hundred mills of Chiago fund that the expense Of
teanrR their wheat ~ that centre was no great ~ tn
HE value II The Article ia The Market fact NJ
which need wnder since in parts Ct RnFsia
transport EQUALS the value Of tho article within
osiaicc ~ thirty mites hut chicago ia not IN Russia
Fifteen tnere was not single line OF railway
entering the city: now Commands traffic I86 miles
lhses is l hay. cos On mvasr s ss'I ~
TN MOI etc,ed in the place The garden ground. 70
which have referred, in the very centre Of the
city, and worth some millions II dollars Farms whose
could "tesmi 10 Chicago team In . diff
crept sense. for the whole region for mtcs around
constantly loading the market that central depot; and
the ,wen ~ three m,urs storing which tho
hare created property ana produce worth m'ona upon
ni1ps, the toll upon tho railway being An exceedingly
small perez ntagc that value.
These substantial facts, very Ineligible TO most
Eng!ph minds. They are evidently surrc,ent 70 explain
ana why the rebounded remarkably but
have hot yet made the reader appr csts the
tent o. n. rebound the req. proportion between the Va
tho other In England We are wont u consider
that property tho great model In regard 70 security
10 certainty q rerns and TO every thing else that ID de-
sira lie AZ compared wi other countries may,
I~,bspe be justified In Boosting Certainly just
nc~ plenty Of Why Engl,sh Spectators should
loA very much asksLce Venetian railways,
D comparison with the least successfu Of
,uss Iu, IL 70 turn westward tho comparison Ia Alto
M hxvp
age paid upor unsuccessful American line, compare
this with our own lines. surely We have vcisstude
pay rg only per cent yet II really Of tbe most
valuable ses In the Kingdom: and from pecu Or crcum
lies md lie present dev~iopemsni It's shareholders may
comfort ttemseves with the certainty that their nes
piosp~rity will continue and viii expand Hence the
striking VI value In the market II h very short
time the shareholders In the London and North
~erterp looked upon The poor Great western but
this year, through various circumstances, including par
amentary competitions aud Of prepostsrcus policy Of
undertsk ing dead weight In "defensive Ines the
pruceiy London aud Northwestern down TO two and
when the comparison With American railways 10 en-.
tended, however the returns st more striking In
the ,cAl report the railways Of Great Britain Capt
Cation gives railway statistics for tho year 1851, com
psr,rs the results in THIS country and In the United
ssAlcs;-
England United Gasa.
Miles constructed and In use. slle 1910
Io,a cost Of all IN $40 a2io Iso
consssrstie pamber Of The American railways, how.
ever could scsro. expected 70 make any large rearu
some intendrd 10 improvc the vaius 81 the land
through which they passed. and although unquession.by
ihcy Win pay the end thcy lcss 70 be regarded a.
cnmnercA Investments for ordinary railway purposes
than a. iBvsstnenss for the Improvement d land, even
though the railway conducted II os1 In some few
Americas railways have been lea satsacsor'y
planned, having been undertakes soisly N justify giant
" government land H. thcrciorc'we take any numDsS
II the strictly commercial liner, We shall hnd
considerable increase IN the proportion OF net returns
We have before st o, any American raiivays, con
stitulng very fair representative class; and take
similar number 81 English rAsays iDoiadiDg the ne
tropc,ian and other leading Eresh lines They sh,s
The following totals
Per
Cas cson lnoom< VI; RSSnas. C.nf
Frglish. :. f2a7 ois Gao 2ooo4.123 10 Jo23ib %
Ancricap.. 54s54 3e3 rs 26s 4.t2e,su %
"a needless 10 add single wvri-the cures speak
far The To shAseh ,ders the Amer loan rail-
WAYS valuable tho ing ish, although Ams
tn an lines call for sach outlays ~ money ~
not pcariy hravy IN thr working
exp ntcs, dear tor the traveller.