The New York herald., 1870-01-21

which, for the magnincencc of its coal estate and
stands first among all the anthracite coal
companies Of the country, and al arrange
~ ment was made with them by as which we O. agreed 70
hannah, distance OF forty miles. over which ana
thence 2sl mlles further on our main line 70 Buffalo,
they are 10 snip annually O large amount OF coal
commencing at 1000 and running up to at least
100000 tons by 1873 at favorable and remunerative
negotiations with the Delaware, Lackawanna
and western Railroad, the construction OF this
road has been pushed forward with all
possible despatch and win be completed before
the next summer months. BY THIS Carbondale
road we have the shortest line FROM the anthra-
cite coal fields to Central and western New York
and the lakes. the Lehigh Valley Railroad having
been extended to form a connection with us at Wa
verley, gives us another coal trafrc ieeder from
wlch we are already receiving an average OF about
seventy ive cur loads OF coal per day. The coal
nom TINS road at present is loaded in returning
BnHaio, i01 miles, empty, The time is but short
when this Waverey connection will be OF very great
ireight.
We found the Pavonia ferry running from
the foot OF Chambers street, New YORK, to
City, for the accommodation OF the passengers by
our trans and the iew people living near Payonia
houses and slips ut Twenty Third street New York,
and Quilt Two large fine boats to run on that line.
by Tins new line OF ferry we have established new
depot III New York convenient 10 all the up town
hotels and residences. To increase the travel over
our Terry beyond the train passengers we have
loaned our substantial aid 60 the construction OF
horse railroad Ghr0ugn the streets OF Jersey City
hudson CITY. This street road already
Il has assisted IN SSiidlnr o "p that part Of
Jersey Clty ana Hudson City through which 1t
runs ana has brought larger increase 70 the revenue
OF our Jerry as II connects Win other street roads IN
Jersey Ilty. running thence 10 HoDOken and 70 Ber
gen, and 1t has been OF further advantage to this
company as II runs through our property on the
mi al Hudson Guy. over The tunnel. and has en-
HANGED us value BY making 1t more marketable and
desirable. 10 further increase the ferry revenue
made All etluitaDc contract with the
NORTHERN RAILROAD OF NEW JERSEY,
then running their trains over the new Jersey Rail-
road To the Cortandt street Terry, for operating
tneir road, by wnicn we brought their trains
To our iorry. So lar under that contract
we have averaged for that road about eight
hundred cart loaas OF passengers per month eacn
way over the ferry, all OF which Ii new business, anu
tue contract for operating Toe road which has 80 lar
paid IT'S way must eventually be prontable Of ITSELF
We have also made the same kind of an operating
contract with the
nAcKENsAcK AND NEW YORK RAILROAD
which has averaged about 500 car loads OF pas
sengers each way per month for the ferry. The
quantity and character OF our fregnting business
mas expanded TO sucn an extent as 10 prove the
comparatively large property at Long Dock alto
gether inadequate Tor the purposes OF the company,
and we nave deemed IT ABSOLUTELY necessary to pro-
cure more
PROPERTY FRONTING HUDSON RIVER.
we nave purchased at cost OF $l.6Oo0o0, the
properly or the Weenawken Docks Company, situ-
ated just north OF Hoboken OF about sixty acres
giving river frontage Of 1000 feet where we have
transferring 1t from cars to boats. This pier mas the
best WORKING arrangements and one of the largest
on the rver-capaole OF handling about 400 cars per
day.
Tins property Is also used rs the depot for hand
ling renned oil ia barrels and crude oil IN bulk. We
have also concluded arrangements Tor Tie cOnstruc
ton here OF large ana cofhmodlous grain elevator,
winch VIII be the means OF very largely increasing
our transportation Of bulk grain and facilitate the
unloading and prompt return OF grain cars, thus
enabling us to get much more service out OF them.
We have also purchased the Gregory 1arm," STU
q ad a ~ m n Waah oxy an dpoko
OF eighty acres gviIga river frontage OF l6o0 ieet.
Hele we have established our depot for the
commodious barns and pens, atrording 1t ali
the facilities for making 1t live stock market.
1t Is already very popular with the stock men and
will undoubtedly become the live stock market OF
this CITY, The river frontage OF this property We
have improved by the construction OF q strong ana
substantial buknead the whole length, making II
avallabe and desirable tor the erection of ware
houses abattors or other similar structures and for
Il lumber yard.
Between 'he weehawken docks and the stock
yards Is the property OF the Delaware and Hudson
Canal Company where they have large facilities for
unloading and storing coal transported over our
road
Access is had to this property the road Of the
HODOken Land ana improvement Company, running
north from the east end OF Bergen tunnel to the
canal company's property, thence over the Fort Lee
railroad with both OF these companies we have
fair and equitable arrangements for use OF their
tracks. SO much OF the Fort Lee Railroad 0s is
pleted was built ny us, which enables to obtain
much more favorable terms lOr Its use to our stocb
yards.
AT LONG DOCK
We have built two new piers for the accom-
modailon Of our freight business, and added
To and improved che Old piers. We have also built
u new passenger depot on an enlarged
plan to enable us to provide accommodation for the
trains of the Northern Railroad OF New Jersey and
the Hachensack Railroad, and we are now rebuild
ing ana adding to the number OF the ferry slips.
JERSEY CITY SHOPS.
We have commenced the construction OF a large
machine shop, which we found to be necessary on
account OF our large additions 10 our motive power.
and stopped the WORK. Soon as the spring weather
will admit We shall resume work, and hope
TO s1oIy oe r ,ns ompee wmen @ hst shall
pointed shops in the country We have
also built an extensive car shop where in addition
to repairs OF coaches and freight cars, we are
now turning out twenty new coal ears per day. We.
are also building several new coaches, with all the
modern improvements, at this shop.
AT PEN HORN
we have made extensive purchases OF real estate for
the handling OF crude oil in bulk as we found the
hauling OF tank oil cars east OF tine tunnel
sldered as endangerlng properly and increasing
rates Of Insurance while 1t was too valuable .
Mo'H he er M ana give a @
here III pipes TO Weenawken, and is only pumped
through as vessels may be there to take it. All OF
tns property VIII be IN demand IN few years for
rciinerles and warehouses Of various kinds as II Is
accessible Dy vessels via the Hackensack river.
Already refinery has been established there with
capacity OF LOO barrels per week, all the oil for
which is transported over our road.
TaE rATEnsoS AND NEWARK RAILROAD
our AID, ard we have entered into contract with
that company for operating the road. We found
this rairoad being constructed with q narrow
gauge, and intended TO connect at Newark with the
narrow gauge roads running thence connection
with the Pennsylvania reads for the West and they
were also promising to make sucn connections as
would enable them to compete with Us for passen-
gers and freight between Newark and Paterson.
Rather Than allow rival to reach the carrying bus
ness Of our line We concluded 1t woud be better to
control the instrument, and by making 1t OF the
Erie broad gauge, enable us TO tap the business OF
ha tfv M
and compete with the other roads for Western trade
from that point and also extend the market for
coal and lumber from our main line BY the char
ter OF that company they Will construct their road
from Newark to make another connection with us
at the west end OF the tunnel ana such extension
will make the road profitable one and bring :
large business to our ferry.
THE NEwBURG AND NEW YORK RAILROAD
was constructed by from the junction near Green
wood to point on the Newburg branch, five miles
from Newburg-a distance OF thirteen mes-thus
giving us . direct line between New York and New
burg-sixty-two miles and enabling US TO compete
with the river and with the Hudson River Railroad
for the Newburg and Cornwall travel.
THE DOUBLE TRACK
has been extended by as by the construction OF the
second track on the Delaware Division from "rurn-
out' to ''Mlddaugh," nine miles. and from Hancock