The New York herald., 1870-03-24

in England. Msssrs. Raphael Co. purchased their
inewedse Of @ and tns approS of "a @
y,sions as Mr. Burt says he represents majority
By iore:ners having syapsny w'G the growth or as
great from interests s 'a" ars Il direct anaaonsn 10
and whg:c money % freely subscribed and LAWS .is
sssa as 1Iaa y H. essay s TS' si"y 3
TO they he ss sSs Ssa @os
crush every manufactoy ne line O the oads la
sasa f 40
fenwih rssari e ssn, Snd sx.ravagance
SS e s e%"y & Hs M @ Tssa
ssonoy lie sssrsos Of asarss a nor os
o. ess a' nn A charge Ss' ae'ss, Ssa
no! visited ,sc line where could have
sarps:.S ;sa. sssaa.s Mr. Sart coaysrs.aa VIII
views as have already had @ oseasoa to state snemen,
sss s h.s a"1 sS., a
1868 Ts s'nss IN & ha ssfnsa % ns
$atoool We have brought the earnings 70 s65o oOs
properly been allowed 70 detcorae and the ,resens
pSes had IN not G eon,ssns, In the road Now tho inc
the luxury OF our cars Is spoken OF BY travellers as
would there arc three rec srss, % ssmeets u'' Witch
enter @ r into as operating expense, Of
eo..in 1915 tor fuel mile nc Erie Raj road
only about thirteen per worry important saving
when Il is considered that abont elas millions 81
stead. stead Of et wool, the company owning mines from
sy a. o o for A ss 3
iten o. expenditures we manuaenre iron and steel
strength and quality, believing that ia his department espe
ton soei and i've dollar, IRON besides securing
those originally used would last There rernsas
s s al a Ss Ssea COS. o
operating s and d., thinking hni reliable statistics
showing the amount 81 the goss earnings Of the three
po as With the Rs Rr sp% s
months Of the preceding year - folows:-
pecember December 1852 ..sl i,o ssl
February reoray sss February fsnTSay si
Total ...........sssi5 7ss Total .s33;2TO
Increase in earnings s-7i6i
December s AAsSsE ss g rAs pssonScr aSss ss,
January, sass, JSsas.,y
Total ;sl5sI,sla Total. asa,s
Gen.ienen, have now laid before YOU the facts and
and expose the slight Foundations on wSich his charges
ns Ss 'ss &c
Indulgence fo few moments while offer some suggestions
with tho great aver avenues oG uassporiaon and lhs
an are era a s
Esy not $ only the I, FIX o, SsW o On, OF tae whole
Of communication with the seaboart the position
a. saS no%ss
was found to be inadequate 10 ranspor. the immense
and year after witnessed the construction expose
our railroads, whose vast network
the country; and the struggle for carryn,
trade and RI, al lines strained obtain
share Of this lucrative traffic What wonder, then,
this eager strife the interests the cana
should have been comparatively neglected. both
city and speed Of transit outsrpped by the
modern method Of transportation. 1t has transpiret
that project is on foot to improve the revenue
tion OF tolls, In order to compete with railroads
would most respectfully urge upon the Legislature
the policy Of le!tins well enough alone There should be
roads. The teemng West yet but partially developed
viii furnish business sufficient every Of
cation ut remunerativa rates, and the people
State OF New York, whose 80 freely con
tributed for the construction OF the Erie Canal,
assured fair return fer their Investment. There Il
ample proof of the fact thar struggle
between the canals and railroads. the invariably
the sufferers Let the experience Of the point
true policy IN this masr and once more let wei
enough alone One more suggestion ana have done.
should not be lost sigh, Of that Phladepha and Baltimore
are rivals OF New York, and that they
miles nearer the gruat West by rail than New York Is
therefore, the confferce OF our great city is to b.
sustained and protected must this
by every means in power although in this effort
compelled to materially lessen the charge of
!. George Crouch, an Anglo American stock
holder, next addressed the committee on behalf 0
the English Shareholders who protested against III,
schemes OF Raphael d Co.