The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-07-09
NoNoroLlzIyo rns wARrnorsg puMxEss.

temen who control this scheme so well know how
to from friendly Legislature, will be forced
INTO the Golfers repairing to receive IL,
NoSoPoLIzrSo the WAREHOUSE BUSINESS.
1t will be observed that the Company has so
adroity managed tis business to secure In their
charter oil the irontages on the canal and as much
adjoining property as they may choose to acquire,
so that they NAV not be troubled in the control OF
this lucrative business by any petty rivals IL Is
true the charter does not explicitly convey to them
tie right to trans orin tie whole OF the Harlem
River into canal but Il distinctly gives them both
ends OF that thoroughiate, and fcither authorizes
them to deepen the cuaniel of either OF the said
rivers ley,nd the limits OF the canal aud within
the limits Of the navigation of said rivers al
though cautiously provilinE that no toll shall be
charged for any craft navigating any portion Of the
cana to be made under Ills act so far as tho waters
taken by u are now navlg,be. u VIII he very sur
prsing the Company does not discover In this Ian
guage ample authority TO connect the two ends or
sections Of the canal so as TO make a continue Gus
channel ofther owl from the Hudson to the Sound.
together with tile right OF possession along either
bank throughout all this eyten,. Thus they will Sc
cure an ute monopoly Of the canal bu siness at
this port with the handling aud storage OF all the
freight transported either way by canal bo ats.
ooBBLISa Up rus EAST RIVER.
But even this enormous prospective business has
not satisfied these enterprising operators, as has
been seen In the mention above OF the shrewd man
ner In which they nave manipulated their franchise
by virtually transforming the East River, from the
upper end Of Randars Island to the upper end Of
deepening their .cul across Randa's Island. and
removing the dtbftS OF the old bridge leading to
WARDS lsIand uieY make secure ana stilI water
route through the western channel of the river,
carrying the same depth Of water MS through He'll
Gate aud avoiding the dangers Of that route. Thus
they hope TO draw iuto their canal" all the uaic,
shether by sail OF steam, approaching this city from
tie Sound, BY the cut across Rludalrs Island they
conduct this traffic across what Is not now "nlvi-
be water" and thereby secure the rZhI ~ exact
toll from II.
Tue BENEFITS OF BELONGING TO rHR RTSd.
We have thus merely sketched in hurried outline
this great project OF the IammanY Ring for monop-
lie in I'M n I'll uu law
ing tribute upon II. That this vast enterprise is to
be carried forward 20 completion with an expcndi-
ture OF but 5000 OF the money OF those who control
It Is fct that slrk ngly Illustrates the advantages
TO the members Of Ring Of Ring rule That It is
chimerical project will be fully discovered during
tie present season. when II Is expected that the cut
ting between the upper end OF the Harlem River aud
Tie HUDSON will be accomplished, the commence
mcnt OF which now only waits the Necessary pro-
ceedings already begun In the Supreme Court to
secure the right OF way the lanI Of the lud
son River Rolling Mil Company.