The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-01-02

jed on It. fhere remain 70 be constructed seventy.
bridges and two tunnels near Win. and Kowno:
the line which open circulation only the natives Of
fs1nry or foreigners who speak Russian are en-
pi1kC1AL pKrREss1oN IN Russ1 A--POsIrIoN OF FHD
BANK AND RAILROAD sPECULAroRs
Ails Petersburg (Nov l9) correspondence OF London
F Telegraph
Commercial sagnaton and the want Of cash, are the
mplants generally made In mercantile circles, and
N a.
joint stock companies continually invited 70 meet
remaining calls the directors have In nine cAses out
idea how pay cent interess unlees
hey dip into capital and, in the meantime, the depreciA
paper money continues, and the silver roube be-
hcsSin public. For the asi fortnight has been Inn
essble 70 sell, at the ST. Petersburg or MOS
exchanges, one rouoss worm Oh shares, being
companies established with end in view but
good Of their orignators Not only rs the country,
insufficient developement Of its material resources,
generally UNIT for the immense number Of joint stock
Enterprises set aoat but in those where the
srred by the Disturbing influence Of those qualities IN
DO directors for which directors famous, even in
pore honest countries. An extract from the St. Peters
5g ShareAods JOURNAL viii serve 70 illustrate the lu-
koss height which the evil has attained After indulg
general terms Of complaint against The smensaels
sSAss into detail - follows n ..... +.
Iksow Of company DE dirsctors Of which owing 70
scs q Oo0h ss s then & &. sd
which Tho n:ney Of he :Arehoders Z inyesed The
save IN he s"soos Il ssr s.psoan 1upss We Know Of
he e:psl Of which has been s.ps.Ssd in
xorsns sSsrsoi We are sSSS.io'sa WIN :, Ss a
,sss Of caivsns them according to he cisntSc priuc
ss q Ssh fsrns Aeassn Only L.S-s he Immense reye
turned Out unmstakaby barren. Other companies vs
Of sS.ir he steamers prove % Be
.sr only although fSrn;hsd y The al
:sy Sso'' directors PAID 20 mn m1ni1csnty for Tho
s.,a no. "a s. .Asil original ss.us 1' Then: '
e make ~ ,h.rshSd.I. 70SoS rSaSss
ss %S s9S sss o As deere
sompauss whose directors their s.ps
.s.s Can ssy si Why these .ssociaiioa.
The psss Of s .hsrs. ~. snsas SsB buy
esn'e: in seeS he drss,cs nee the capital :uSssrSsS
eshers where sale tho has prohibited by
sssn ss cssin.i pIosescta: Again sSsrs are
Snss .sh ,hs snpuDsSsa isSssrs The n.sa,s%sSs an:
proeaey Inferior 81 the books being ven lsDt
Ss i ,s. .nosr ..socssSn The di!idsoS Of ~ScS for
he K.
..ber q these en.io.ss are Sun enabled mention
.ho receive dsdsod. without being shsrshoIdsr
n%sy pso.s %h ssh oSsr .nd ia
change. q enos Lao %SSos.cosy Of Az there com
EErom which win become evident TO your readers
sAaa after ALL the directors Of companies in Russia are
saly sort Of government oncials modelled upon
original representatives Of red tape With th people
s institution for the public benefit seems TO be con-
iacted upon the skinning and fleeing principle
To make matters worse, 1t cannot be doubted that the
Beat Russo French Railway Company win very shortly
70 pay my e NJ
make good tho guarantee gwen by IT, For the time being
Se possible to continue ster whole Of tina, capital has
been subscribed and employed In an essay lately
Seen established that the conduct OF the bust
ness Ia in most incompetent hands; and that, even
not SO, Russia would not be rich enough
o construct railways in the present development Of
Yer passenger and goods trsfnc. The writer goes
70 say that, in ibis opinion, the directors will
not be able 70 make the call falling $780, want
Il silver money being great admit OF the paying
sf such sum as 100000, 600 roubles Although the
breakdown thus foretod would be all but complete, the
HNedcton has been considered hopeessy unanswera-
bic by the directors Of the great Russo French company
hemselves The only reply they thought ct vouchsafe
holders To the Offices Of the aud inspect
the books. After which retOrt forcble il is wonder
Mat everybody in St Petersburg swears by M Staso1
that although by the myriads of his disposal
he possesses means Of nurng the interests Of those
tons where the individual is allowed will of his own,
yet the slaves do not yield him sufficient for the
laying down Of railways, the construction Of roads, or
be development Of other for facilitating tho
movements Of bis armies For what other purpose, in
the present semi state OF Russia and her PEG
PIE can railways serve In this emprey
The Anglo-Canadian Postal Service.
NEW ARRANGEMENT FOR TRANSMISSION OF THE NAILS
TO PORTLAND.
from the London News, Nov. 90
No morrow wednesday, vast change in the postal
communications between Europe and America will come
INTO operation The arrangements connected with this
change have been subject Of negotiation for some time
between the Hon. Sidney Smith, Postmaster Geuera Of
anada, and the Hon. Mr. King, Assistant POSTMASTER
ra Of the United States For the purpose Of compile
~ ahem, and OF obtaining the sanction Of the British
offce authorities, Mr.. Smith, accompanied by Mr..
Gs0-l the Deputy Postmaster General Of Canada, has
England during the last fortnight The requisite
sanction was obtained on Friday last aud commencing
tins week. the Canadian line Of steamers will carry letters
not only between Great Britain and British America, bus
also between Europe and the whole OF NE western north
WESTERN and considerable portion of the south
States Of the American Union In fact these steamers
formed by the Collins United States mail steamers
with this advantage-that whereas the latter only
fortnight from each side Of the Atlantic, the Cana
dian steamers will week.
The steamer which u 10 leave Liverpool on the Both
inst will call at Queenstown the following day and
hencefor every Canadian steamer will make Queenstown
port Of call both the outward and homeward voy
ages, that the Of this line will there one
hsndred and four times per annum.
Hitherto the latest period which letters for convey
ance by these steamers could be posted London,
throughout England Tuesday evening but for the
future there Will be clear gain OF twenty four hours, in
asmuch all letters posted throughout Great Britain on
Wednesday will be forwarded by that nights mail TO
should arrive there about 10 on Thursday This IL
On hour after the ordinary day mail for Cork has left
uon Inc Poet Once Department has therefore entered
INTO arrangement with the directors of the South
an Western Railway Of Ireland special train
from Dublin TO Cork. II To start at IL A. NJ and
the whole distance 166 miles) in hours and half
The terminus OF the railway Cork is only few steps
from the river Lee. The mails land the passengers who
accompany them) will reach few minutes the river
steamer in readiness for their reception From this point
20 Queenstown, distance Of about ten miles, they will
be conveyed IA little less than an hour 20 that the mails
be put on board the transatlantic steamer 1t
about 30 p n As the average hour Of sailing Of the
mail steamship from Liverpool p n, and as the run
from that port TO Queenstown (about 3l6 nautical miles,
usually requires about % hours, there but little
chance under the most favorable circumstances
Of the transatantc steamer being At Queenstown in ad
Of the mail despatched from London the
Apg Of the day sho leN Liverpool.
But the LIST Of July next the accelerated postal
bunication between Dblin and London will into
eraton From tina, date letters posted In London for
Re evening despatch Wednesday, viii be in Dublin At
7:20 A. N the following day. despatched for Cork
by special express train at eight NJ they will reach
thar city 1t half past twelve p NJ and Queenstown II
swo n In September, 1880 the branch railway from
Cork to Queenstown will be completed, and it will
netuy,n s,f