The New York herald., 1871-12-29
SEPTEMBER so, 1871.
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The shipments IRON lIaNley, Honesdale, Carbon
dale anu Bingnamton were anthracite; shipments
from Mayery both anthracite and bltumlnous and
from Corning and Alton shipments were ol bitumi-
nous COAL
On the 1st Of September your lease OF The Atlantic
and Great Western Railway was surrendered, and
tDat road passed into inc posse OF The trustees
Company. Ihe result oil your lease oi that railway,
Ia the difference between the receipts ami expcndi.
lures OF the road, was loss but the actual re uIt
IA retainlng tnat line In tho interest OF tie broad
gauge system and working directly with and bring
ing business 10 your railway WAS undoubtedly very
penenoial, ana II the profits OF the business, 10 anl
from that railway, ON your read, east vi Salamanca,
nave not already more than coiapensatei ior ,n.
been preserved from the possession or other
lines, rivals to you IA the carrying Trade between the
soacoast and the West, and VIII continue 10 work
tremendously In your interest. warrants the te,ef
that the ultimate result Will provo the lease 10 have
been entered INTO and carried cut by you on per.
fecty sound busines; principles Arrangements
have been made WITH the new Atlantic aud treat
Western ltai road Company ior IN. interchange o.
business anu for The working OF the whole line In
the same common Interest rs during the time or lho
lease. ana that company mas assumed your contract
ard lease with the Cincinnati, Hamilton AMI barton
Railroad Company for Tue usc OF the broad gauge
tracks pelNeen Dayton anu Cincinnati on such
@ sr ns as yon IRON n y
yonr road tie benent Of all through business over
that line
Amlcable and satisfactory business relations have
been maintained With the Lake shore and Michigan
southern Railroad and It's connections west OF Buf-
aio so that road has been fully represented IN
procuring business 10 and from lie West over the
narrow gauge lines via Cleveland, aud, al the same
time, by the construction Of the Suspension Bridge
and Erie Junction Railroad. connection has been
made with the Great Western Railway OF Canada,
D. which large business has been obtained from
tnat road and It's coanections-the Michigan Gen.
tra Railroad and the Detroit ana Milwaukee Rail.
way; IN fact the additional business 10 our road
by the construction OF this Suspension Bridge road
far exceeds the most sanguine expectations and IL
promises large and steady increase IN the future,
while the local business OF that new road has deve
oped the ability OF the road TO be self-supportng.
Arrangements have been made with the city or
lock port 10 construct branch road from that city
40 Tonawanua, which, II Is expected, VIII be com.
pleted In few weeks alter settled spring weather,
ana which will throw considerable local business
on the Suspension Bridge rUad as well as give 10
your main line an additional amount OF through
business.
the Newark and Hudson Kalroa1 Is in course OF
construction. and will soon he completed from the
wes, end OF bergen Tunnel 10 q connection with the
Paterson ami Newark IiaiIrosd az Newark. THIS
road Will nave large local passenger business 10
r1ng 10 your ferry, rs II VIII reach part OF the
tify o Newark at present not having the bcnent oi
rad llnc 10 New York. and IL Will very much enhance
lie yaiue OF the Paterson ana Newark Railroad and
the country ihrougn which n iuns
the nackcnsack Extension la1r0ad Company IL
extending It's road 10 Grassy Point, above Haycr-
straw, on the Hudson River, which VIII add much
~ fne vaiuC or yodr lease OF tnat read.
During last year contract was mace WIZ tne