New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-08-02

,o a, tbo somo time loaning 1t money. Mr.. Rpggles
also nodestly alluded 10 his personal Efforts N pcao .
Of the railroad and the great joy he felt wren me ih'
troin of cars was run in 1885. He concudt D. SN'D'
ING tie magnificent prospects OF that rait"ay III wv
fIfnre and advised the directors to allow ehis aLt
frec massage over the road, which WOud ultimately Do
IN The advantage Of the railway. .r. -,
Con s. p. Lyman then delivered the following ad'
dress: II, ..,so, - .bo enc.
cess of the Erie Railway: that man was himself MOI
hat he was among those whose wealth had been SO
greatly increased not that it gave him personally any
semnrkabe facilities for travelling or transportation
' haaanse n had more than fulfilled his early and
most sanguine predictions. lie had spent more lnan
six years OF tho prime Of his LIE IN promoting snr ,bs
the He had been %gce ths $500 iSF
and he had been most pointedy rldlcIien Ior
his belief in its ultimate usefulness anu sau u,,
The Company was chartered in, lsJ put Soatu a,
breathed until 1885, In January OF that year. nc k
mn his profession and devoted himself IN connec' !
with Mr. Rugges, wholly to the road ana aIrnS ~ ~;
six or years following 1t oten napPenc t line
voice was almost all that was to be heard aionB 10
and i'm this city. No one seeing 1t now can pD.e'o
half that could De said Of the labor performed. ouGo
then. he had repeatedly asked his co'worker, M.
Pugges whether he would not prefer to undertake the
construction of the Union Pacific than to stlugge VII
the obstacles they found in their way IN tbs UNDERWAY
ing He would any body would. linen u coss n n,ho"
to be railroad man The path 70 glory ny moner
in their promotion had not been well developed.
Tut Mr.. Chairman. he said, the Erie road had peen
pgmulltcu.
public improvements. Instead of the s3OOoOOo per
annum which he had predicted would be the gross earn
ings ana instead of the $3.50 600 when the Duects
in 1851 predicted would be its earnings IN ~ months
there would now be for year more than SI3uVvVvVi
and vet he said the road in its infancy lie knew
the vast Of the southern tier OF counties IN
this State and in the northern tier OF counties IN fen
sylyania and that they were not half developed Inc
vast water power would all be improved the extensive
mines Of IRON the beds Of coal, and the wells OF OH
would be opened, and their products would =!
A.. - 10 l.V
drawn forth much more abundanty than heretofore.
lie was charged with being concerned in the robbery
of the g. 100000 from the State He pleaded guilty 10
the cherge He had helped TO expend that money ~
building this ro1d Now, said he, II hose who doubt
ed and rilcued the project would look at the amount
Of the assessments then made annually In the counties
go highly favored, and at the assessments now maze,
they would that there had been added % the TAX
able wealth Of the State more than s3CO,WODOl lie
had no great propensity 10 STEAL but be would Ike 70
be guilty Of such robbery every year. Let them look
at this citv look Brooklyn look at Westcheser look
at New-Jerscy, and look at the towns villages, and
cities in embryo throughout the whole south
conld the value OF such improvement.
Let the doubling of that early period stretch their
eyes said he along the links IN the chain OF roads TO
the Pacific aud what future there was before the
Erie Road. Look at Colorado, at Idaho. Nevada ana
Arizona. The Great Architect Of this world had de.
posted in their mountains countless millions OF gold and
silver. This great road working with the others,
uoud open those mines and draw forth those deposits
20 pay the damages of the only gigantic war OF modern
times. How sublime the task how silly the idea of
poverty Of repudiationl Had France, had England,
OF had all Europe Asia or Africa such field TO work
in or railroad likely TO be useuly employed as this
road Go on. said he build additional tracks, add.
t.oual locomotives, additional cars and additional
steamboats, like that one they were testing.
They could rely upon it, the capital invested would
be in advance Of the Developments Of the limit.
able West. Having completed the Erie Road be asked
with earnesness what the friends Of the road who are
the capitalists Of the country and promoters Of its pros
pery. doing 10 complete the Union Pacific Road
The great public could soon take the train at New
York and without change Of ears, be placed at 81
Lous if it by enchantment. But that was less
than half that be done The way must be opened
la the Pacific. Commerce connecting the trade OF
India China and Japan with san Francisco and not
day should be lost in efforts 10 connect San Francisco
by railroad with New-York They had shown the
world what they could DO in war, let them now show
what could be done in peace. The Union Pachc Road
which the friends Of the Erie road could build IN less
than half tie time and with less toll ard anxiety than
Il had cost them build their road and open the
way TO 81. LOUIS. when built would be worth more 4
than Nil the great had ccst. Let that road be made
and then let the whole world look at the strength OF
the country and if il could cripple the power Of the
United States.
Several gentlemen made few remarks after the adj |
dress OF Lyman after which the days entertain
ment was closed by a song from Mr. Mcsauiey. (
The following list comprises the Directors Executive /
Officers. sc, of the Ere Railway:
DKEoToRs-John Amot Robert H. Beriel d. \. Cush- /
man j. G. Bancroft Davis Alexander Owen Daniel Drew.
v lillian Evan, Thomas W. Gale, Dudley s. Gregory sang
Dts Isaac " Phelps, Henry L. Person, William b. skid
more, Cornelius Vanderbilt.
lent, Samuel Marsh; Secretary, Horatio y. OTIS.
HRADs OF DEPARTxESrs.-Ireasurer, John Hilton; Audi
General PASSENGER Agent VIM. H. Barr, General Freight
Agent u. w. Blanchard Counsel and Attorney, ID. b. la
ON Consung Engineer Chas. Minot.