, 1870-06-11


r1W Wherc-CAmdcn d Amboy Still
Filibustcrlllg-Hrid tho Della,
ware.
From shs -fep 1'ork Herald, June9.
It appears that the directors Of the National
1iailroad are bent upon carrying out their
long-cheEished design, Notwithstanding the
treMvndous efforts OF Camden d Ambpy to
thwart them at every move. The frlends OF
the new road hayo secured all the
necessary charters, together with tho
power to condemn all lands aionr
remains to enable them to commence active
operations but the finishing Of the survey and
the necessary funds to build the new section
from Yardleyvllle to Bound Brook, N. J.
From all present Indications the required
funds will soon be supplied, The DIRECTORS
themselves and their immediate friends have
already subscribed s500, 900, aud as soon IS tic
books shall be opened, equally large invest
ments are anticipated.
The farmers along the route between Now
York and Philadelphia appeart to be quite elated
at the prospect OF more direct aud cheaper
transit to the two great cities, antftheir sym
pA1hy in favor Of the road is every day prac-
1ically demonstrated by their willingness 10 re-
leahe the necessary lands at comparatively
tzifiug damage.
Meanwbile, the friends Of the monopoly arc
straining every nerve to prevent the construc-
ries are at work in tampe1ing with the feelings
of those farmers and others who have a special
interest in the building Of the new section from
Ya1dleyylle to, Bound Brook, but, with ono
or two exceptions, their efforts have thus far
proved unavaiug, One instance Of detection
Is cited in the case Of the President and lessee
Of the bennington Seminary. This gentleman
was known 70 lave been an active t1isnd pf the
National Hallway, having invested IS, ,OoO in the
project. Lattefly, however, he has donned thc
livery Of Camden Il Amboy, and last Monday
invested s10, ono in the opposition line, which
struct from the Belvidere KaiIaoad by way Of
Pennington to Milestone. This protected road
is intended to bluI the National, but with the
exception Of two OF three persons, the peopIe
along the route are resolved to support the
latter road. On the Pennsylvania side the
feeling in favor Of the National Railroad is
equally strong.
The estimated cost Of the road from Phila-
lelpbia to New York, including the erection Of
depots, the construction of bridges, pro raia
charges over the New Jersey Central from
set down at s9, ,000. 900. The stocks Of the Cam
den d Amboy Company, on the other
hand, have already reached the anor-
lnous sum Of si5, ,0oo,o00 It is easy
to eee from these figures that, with four
times the traffic, the National Road can
yield larger dividends than the Camden & Am
boy Road with its present system of gigantic
monopoly The transit between the two
cities will be shorter along the new road, the
fare will be less than it is at present. and there
is no doubt but that the road will receive tie
support and patronage OF the travelling pub
lie. Besides, now sections Of the country wi /
be openedup ia due time By means of coiJate-
raj 1onds, which will secure large amount Of
local business
Efforts we're made last year TO obtain a
chnrter granting permission to run the cars
across the companys bride over tho Delaware
at Vaudeville. The bill, however, was killed,
and the company intend to obriate this dill.
place, intended for tho exclusive transit o.
railroad cars. This privilege they claim to be
included in their charter, and from the prece-
dent established a few years ago in the case
Of the bridge or yiaduct across the Hackcnsack
River there is no doubt but that the compauy's
Interpretation Of the lay in the case il strictly
correct.
The Camden d Amboy men appear to be
alarmed at the approaching danger. It is said
that the Directors propose to reduce the fare
and rate of freight by the system Of lowering
the wages of the employees. The latter arc
determined to resist the measure, and tho At
tempt will inevitably result in general strike.
1t is also confidently asserted that the share-
holde1B arc somewhat dissatisfied with tue
dividends lately realized, and strongly urge
the Directors to reduce IN some way the pres
ent expenditure. TIE collateral roads are not
paying, and, by the recent strikes in he Penn
sylvnnia coal mines, they are sustaining loss
OF about $50, ,00D per month. The fact il, that
the stocks Of the Camden j. Amboy Road have
run go high by repeated sales and transfer.
that the present holders OF the stock can only
realize moderate profits.