The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-09-23

OF our anxiety have IMAGINED IL all While
we saw the agents Of the rebellion engaged in the dis,
button Of the promises of their false government,
based upon the security Of their boarded
cotton, and inducing individuals among YOU
stimulated by the hopes Of large gains to accept their
offers aud TO furnish them with the snews Of against
us we forgot that each returning packet from your
shores brought with the voluntary offers Of the people
of England and the Continent TO purchase our own
bonds secured only by the honor of that nation which
dew upon the banks the Mersey and the Thames and
removed by stealth a few ships destined under
the flag Of the rebellion to prey upon our com
rine from the seas we overlooked the Offices
in London and Liverpool presided by
OF you gentlemen who to-day honor us with your pre-
sence with which gathered the funds which built
and put in operation while we were engaged war four
hundred and fifty miles of railroad traversng the States
OF New York, Pennsy vania and Ohio and opening
channel for the increasing of this But
will not detain you longer Our over; our SOL
diers are again citizens The fever the excitement of
our troubles over, and the bright spots on
the canvass And now again thank you for coming
SPEECH oFssIR PETo.
Sir MORTON PEro, in responding returned thanks and
said
You have referred TO the object of visit know
enough Of you and Of your people to know that you like
plain speaking, and tell you frankly and freely what
that object really is We have had the honor and happi
ness to be associated with Mr. Mciienry n the great bro
ject TO which you have eoquently referred-tha Of
the cons nction of the Atlantic and Great Western Rail
way and 1t ut the suggestion of Mr. McHenrv that
we undertook this long Journey in order that he
might show where our capital was spent,
now appned, WHAT were our prospects ana
how we might judicously and safely invest
in prosecution Of our enterprise When accepted
the invitation of friend we did in good faith
his representations; but say to you that much
had heard OF the America great
alticipations from Mr. McHenry's statements the
that the realization exceeds the opinion that
our friend did not tell us half the truth either in regard
OF the your country the profits be OBJ
tanned from judicous investment OF capital What
oar 'y Your terrible a sA's struggle @ aui's IN this
sS ad and ss % receipts s OF h line on ss % at sa
Northwestern Railway of England although the through
traffic on our line has been in operation only since last
way has not cost half what the London an and North
western has cost per mile SO far we are content Mr..
MciIenry has taken Meadville 10 Cncinpa TO St.
Louis Chicago and to this point where we have the
pleasure and happiness of meeting you to-day What
ao S na At es Of sss Tns the % of
/ mean that RAILWAYS at present do not accom-
plish the end Intended or realize the amount
OF good that should result from them l main
tain that when railways are completed. the most
INJURIOUS thing in the world Is 10 starye them for
the accommodation of sidings or rolling stock All of
You will understand me- You know that the first cost
of the line itself is the main expenditure and that all
improvement made afterwards tends largely to profit II
judiciousy applied Until you have accomplished the
full intention aud object of railways-namely by carry.
ing all you can upon thern-everythng you need in
The shape of rolling stock is subtraction from the
profits of the road We are prepared to recommend on
our return 10 England such an expenditure Of capital
as will lead To a full, and fair and free development
commerce.
nothing In the way OF thanks for that-because IL will
be our duty as representing large amount OF capital,
see how that capital can be more largely Increased and
new facilities given for its employment / do not hesi.
tate to say that the Atlantic and Great Western Railway
ought TO have double track throughout; but ts
less TO do this unless the outlet to New York be doubled
also And now having said these two or three plain
words on matters of are not here 10 discuss
political questions-but you sir having touched on
politics and referred to the position OF the old country
In regard 70 your late struggle I mky be
permitted To say word Reference is often
made to oertxn vesses war supplied at thb other
side In the interests OF the South But,
sir M a member Of the British House of Commons be-
eve that when the questions Of the Alabama and Shcn
andoah arc investigated you will see that our fovern
ment did everything In its power prevent Nut stin
could prevent that which all regretted. You
have referred to the fact of capitalists here dur
ing struggle and giving evidence, by investment OF
confidence In your future IL was impossible, sir on
the other hand in free country that there should not
be party Identified with the party at the South,
were with the North But ! do maintain that
at most dcsire--a digmned neutrality. They
never prevented arms being sent out TO
you but when called upon by the Emperor OF the French
to acknowledge the SOUTH the call was met on the part
OF the English government by an emphatic "No."
country Ike ours must have the freest exercise M opn
ION; but the moment International law Is inrenched
upon down come the fingers OF the government When
Ue rams were constructed our government interposed
~ho'e ., your han hs.russ'e was ~ our power
that the government of America IL loo prond md