The New York herald., 1870-03-07
BOSTON, HARTFORD AND ERIE RAILROAD.

Attachment Upon the Property by the Con-
tractor and tho Probable Motive Of the Pro-
ceeding-Thc Value of the Road when Coni-
pIeted TO the Hudson River-IIow Much IL
will Cost TO Complete and Equip 1t
BOSTON, March 4, 1870.
There Is considerable commotlon among the Bos-
ton Hartford and Erie corporators Just now, as well
as general and deep interest among the stock
gamblers concerning the future prospects of tho
road. The State OF massachusetts, has already given
1t loan OF s5,ooo0o0 credit Of thirty years. and
the whole amount having been expended u further
and similar loan Is asked for, and the matter Is now
pending in the Legislature with chances OF the ad-
ditonal amount beng granted, notwithstanding
there Is powerful lobby working against 1t.
The treasury Of the company having become
depleted OF the original I'VE million loan, work has
been suspended, and Messrs Munson Il Co.. the
contractors, have attached tho property OF tho
road TO secure clalm OF $1,000, 900 Which they hold
against the COMPANY This attachment however, Is
probably made IN the interest OF the company 10
tlwart other and smaller creditors and the prevail.
Ing opinion Is that there was q mutual understand
ing between the contractors and the directors before
the proceeding was commenced
A committee, consisting OF General George Stark,
OF the Boston ana Lowell Railroad, and Colonel
James Moore OF The Central Railroad OF New Jersey,
oy request OF the directors or the Boston, Hartford
ana Erie road. have recently examined the property
OF the company, ana submitted report upon It's
Inucn II Will cost 10 complete and equip IT, ana when
10 can be completed. In their report the examiners
say
We have devoted some time to the Investigation, now
report to you an estimate OF outays requisite from
December 1862 to open the entire road aud respectfully
value OF your property In order to completely open your
main trunk line OF 22b miles, Boston to the Hudson
and s % % .: E
spssss par. OF .hs WoS already executed The
probes estimates quane and schedules OF prices paid
and ae s 70 b. 10 & &sssn and
carsd OUT are N most instances those named In tho
Of the work The returns Of Mr. Hancock, the enrneer os
saSsen dvsen snow that to complete the grading Of his
OF Garth aud ballast and 20O cubic yards Of rock the
sSnang Of about l2oo cubic yards Of masonry
*aao'yo % We pu, 4 IN round numbers a *i3U,OOo.
Mr. jarrett shows that to complete division
eaIh sOUOJ cubic of cubic yards OF tun
neng and the building OF about 300 yasds OF ma
Of eEigng lie estimates the OF this. exclusive OF
trace az At $i,6Osb22 We put it in round numbers at
chased ABOUT threeouiths the iron this Division oar
estimate Of the cost OF this when laid ncluins OF
terminal grounds and structures Boston and Fshki
require large oaiIays 70 fully complete them At boston con-
bueiA oie Iand has Already been made, further
OF not esceedns Y2ooue for structures grading, viii
Poraaps be sneent for the immediate OF the copa
ny az rishki ana newburg there Is more to he We
estimate that the grading buildings shops aufed
there on the opening OF the road will than
In order TO start hs through traffic elcienuy
should DC added to the equipment hand less
aa1 ivSo freight cara These would cost from
WORKING order may, theD be stated MS foiows-
10 complete tho eastern div sion. gl:n0GD
iaainS oI western diyison... l6U0,NO0
Va ana super tGiuJ0
expenditures al Boson n..................... 2o(W0
" 4"PASs' L6OOuo0
required put your main line in snceat working Condition
bstween Boston and the Hudson.