The New York herald., 1870-06-09
THE NATIONAL RAILROAD.
The Work to be Soon C0mmenced-Public
sympathy Manifested Everywhere-Cum
den and Amb0y Still Filibustering-
Bridgfug tho Delaware.

The Work to be Soon Commenced-PubIic
sympathy Manifested Everywhere-Cam.
den and Amb0y Still Filibustering-
Bridging tho Delaware.
1t appears that the directors of the National Rail-
road are bent upon carrying out their ong.chershed
design, Notwithstanding the tremendous efforts OF
Camden and Amboy to thwart them at
every move. The friends OF the new
road have secured al the necessary
charters, together with the power to condemn al
lands along the proposed route, and nothing now
remains to enable them to commence active opera
tions but the finishing OF the survey and the neces
sary funds to build the new section from Yardley.
Vile to Bound Brook, N. ].
From all present indications the required funds
Will soon be supplied The directors themselves and
their immediate friends have already subscribed
$600,o00, ana as soon as the books shall be opened
equally large investments are anticipated.
The farmers along the route between New York
ana Philadelphia appear to be quite elated at the
prospect Of more direct and cheaper transit to
the great Cities and their sympathy in favor of
the road is every day practically demonstrated by
their willingness to release the necessary lands at
comparative trifiing damages.
Meanwhile the friends of the monopoly are strain
ing every nerve TO prevent the construction of the
new road. It is said that emissaries are
those farmers and others who have a special
interest in the building of the new section from
YardleyviIle to Bound Brook, but with one
or two exceptions their efforts have thus far
proved unavailing. One instance of detection Is
cited In the case Of the president and lessee OF the
Pennington Seminary. This gentleman was known
to have been an active friend OF the National
Latteriy, however, he has donned the livery
OF Camden and Amb0y, and ON last Monday in.
vested $1,000 IN the opposition Ine which
from the Belvidere Railroad by way Of Pennington
to Milstone. This projected road is intended to
bluff the National but with the exception OF two or
three persons the people along the route are re.
solved to support the latter road on the Pennsyl-
vana side the feeling in favor OF the National Rail
The estimated cost OF the road from Philadelphia
to New York, including the erection Of depots the
construction OF bridges, pro rata charges the
New Jersey Central from Bound Brook to New York,
stock, &c. Is Is set down at se,ooo,ooo. The
pany, on the other hand, have ha1e'' already ready!
reached the enormous sum or s46.Oo0,0OO. It
Is easy to sss see sm these sns figures that with
yield larger dividends than the Camden and
Amboy road with its present system Of ggan.
cities Will be shorter along the new road the fare
Will be less than 1t is at present, and there Is no
doubt but that the road will receive the support and
patronage OF The travelling public. Besides. new
sections Of the country Will be opened up In due
time by means OF collateral roads, which win secure
Efforts were made last year TO obtain charter
granting permission to run the across the com
pany's bridge over the Delaware at Yardleyvllle.
The bill. however, was killed, and the COM
pany Intend TO obyiate this difficulty by construct
ing viaduct at the above place, intended Tor
the exclusive transit OF railroad This privilege
they claim to be Included IN their charter and from
the precedent established few years ago in the case
Of the bridge or yaduct across tue Hackcnsack river
there Is no doubt but that the companys interpre-
tatlon OF the law in the case is strictly correct.
The Camden and Amboy men appear to be
alarmed at the approaching danger. il 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 are determined to resist the
measure, ana the attempt Will inevitably result in
general strike.
1t ia also con1dentially asserted that the share
holders are somewhat dissatifed with the dividends
lately realized and strongly urge the directors to
duce IN some way the present expenditure. The col
roads not paying and by the strikes
in the Pennsylvania coal mines they are sustaining
loss OF about $50 900 per month The fact IS that
the stocks Of the camden and AmbOy road have run
30 shigh by repeated sales and transfer, that the
present holders oil stock can only realize moderate
pr0dts