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

ratner rom tnls country 70 ireland IMAM RON
Ireland here. Probably there are now scat
tered over the island, at different points, not
less than fifty thousand soldiers of the Ameri-
can army who fought in the late war. Their
advent to that country il mot taken much note
Of perhaps, because they have gone in small
parties, and have landed for the most part in
Liverpool, and have thence transferred them
selves anostentatiously to different ports In
Ireland. These facts we opine win account for
the decline Of emigration.
TIE F0REIGN CAPITALISTS AND TIM MEANING
OF THEIR vIsr.-We have reported the pro-
gress of the foreign, capitalists who have been
making rapid tour through the West during
the past few weelR Some curiosity has natu-
rally been expressed - to the meaning Of their
visit, and our railroad men and fancy stock
jobbers are not little exercised as to its
effects upon certain railroad stocks now in the
market It may relieve these persons Of their
concern IN the premises, If we state what
seems to us to be the true meaning Of the
visit of these foreign railroad princes and cap
italists to this country ct this time.
In the first place, the necessity of better and
more direct. communications from the metropo-
Lis to the Great West has long been conceded.
The present railway communications are in
direct, imperfect and insufficient The Erie
road is the most direct avenue to the Western
country, and, so far as it goes, it is splendid
road. But this is not all that is required.
A double track its entire distance Is de-
handed. This our foreign visitors express
determination to have laid down as soon as
they conclude upon the terms of purchasing
the stock and equipment Of the entire road, or
so much Of them as may answer their present
purposes. A double track being down upon
the Erie, double track must be laid from
Salamanca, at the junction. of the Erie and At
lantic and Great Western road, clear to Gin
cinnat Thence, on the Ohio and Mississippi
road, q double track must be laid to st. Louis,
with branch to Chicago, Detroit and other
already touching the important city Of Cleve-
land, on Lake Erie. From St. Louis, which
thus becomes the metropolis of the Great West,
and the starting point to the Great Pacific
west, these foreign capitalists propose extend
ing their railroad across the plains, through
Colorado, Salt Lake, Nevada, Sacramento, DC,
to San Francisco, on the Pacific shore. Thus
will there be continuous line of railroad COM
municaion, most Of it double track, all the
way from the city Of New York, on the At
lantic, to the city of San Francisco, on the
Pacific Ocean.
These magnificent enterprises are con-
templated by the gentlemen now visit
ing our country investigating the opportu-
mites it presents for the investment Of the
superabundsnt European capital. Our people
should not be jealous Of the undertakings of
these foreign capitalists upon our soil. We
want Pacific Railroad, and do not care by
whose money it is built Sir Morton Peto can
put fifty thousand men to work on this road in
few months with but little more effort than it
required him to build the military railway at
Balaklava during the Crimean war, and for
which enterprise he received from the Queen
of Great Britain the honor Of knighthood.
The Pacific Railroad schemes Of Fremont,
Halleck, Durant and Others, have proven
failures, although great bounties in land were
donated to some Of them by Congress- Several
lines have been projected, but nothing has been
done. Now, these foreign capitalists, we under
stand, propose to build Pacific road without
asking any land, merely the right of way across
the continent This Is smost important project,
changing, as it will, the course Of the bulk OF
the traf1c around the world, and directing 1t
through the great American continent The
next Congress should take up this matter in .
liberal and comprehensive spirit Whenever it
Is presented to them. In the meantime, 1t
would be well for these foreign capitalists to
have an agent permanently established in
Washington for the especial purpose Of look
ing after their interests, and In promoting their
designs for the development Of the resources
Of our country.
TIE CHARTER EIzcrIoN.-The coming char
ter election will be very interesting as a local
a<r,,rr1a Tn Tho Grand n0siti0u NJ tho Stato-