The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-04-24

reaching the Atlantic and Great Western he was
mistaken, and ne may find that his operation may
be out pocket to him az well AZ the broad gauge
company he represents
RAILROAD FROM WHITEHALL TO THE CANADA LINE.
The whitehall Times says
From recent consultation with gentlemen con-
nected with the New York and Canada Company
have perfected arrangements with the Delaware
and Hudson Canal Company by which that COM
pany agree upon the performance OF conditions to
Dort as Port Menny within tMo
years from March 20, 1872, and to the Canada line
werers 0 that the New ' York and p00 CanSds
snss "'sS RrSns sfaa
there should be subscribed to the capital stock
Of said company $l25,O00 south OF Port Henry and
on and o. an s re
mains to secure the road to Port Henry Is that
$125 900 should be subscribed by Whitehall Dresden
through Is the 100000 subscribed north. These
subscriptions bind the Delaware and Hudson Canal
ha 40 TINS onas aem
rental OF thirty per cent Of the gross receipts there
for per annum. Now it rests with the people along
at once, or whether by inaction we shall let
Y go by the way Of Fair Haven, West Haven,
TcOnderOga, and thus more effectually cut us or
than we are now. The town Of Whitehall is ex-
pected to subscribe 100000 to the stock OF the
",
have been shown letter from the President Of the
Delaware and Hudson Canal Company to w. w.
Cooke Of this village, saying that the Delaware and
Hudson Canal Company WILL il the town comes up
promptly and subscribes, complete the road to the
Canada line within eighteen months. And we are
informed II the towns of Whitehall, Dresden and
Putnam subscribe the $l25oo that the work win be
commenced ON this end within one month.
WEST SIDE, NEW YORK AND CHICAGO RAILROAD.
gentleman residing in Elba, Genesee county,
who is well informed about the country lying west
OF Rochester, writes as follows to the Urfon:-
ELBA, April 10, 1872.
Side, New York and Chicago Railroad. We notice
In the Union OF Tuesday last proposition to make,
at the Of off, city Of route for
falo. We Qhe citizens of Elba) are alike interested
with you in this route; for, should you succeed in
the most feasible route from thence west
will be along the line OF Byron, Pine Hill, Gary
vile and Akron. The advantages OF this route
as to grade over the line now being surveyed by the
company, via Batavia, we believe would be great
inducement to them to run their road via Roches-
village Of Pine Hill, about Ave miles due north Of
Batavia, and which would be the summit Of this
route is $50 feet lower than Batavia and 1t Is said
by many who are familiar with the surface Of the
country that from Rochester to this summit there
IL not in any mile eight feet grade
feet, the grade is remarkably even. That this is
the most feasible route for railroad
question, and to convince the directors Of this road
that this is the only line west Of the Genesee River
which comes within their established rules Of grade
we have only to present to them an accurate and
reliable survey of the entire route. BY all means
urge the making OF this survey at once, and the
people Of the several towns through which 1t passes
will no doubt, pay liberal share OF the expensesof
making such survey. The advantages to Rochester
opthis route west would be very great as it passes
through the central portions OF several densely
populated towns, comprising the richest and most
fertile agricultural districts In Western New York,
hitherto unopened and untraversed by railroads.
RAILROAD BONDS CONSOLIDATED.
At the time of the lease Of the Rensselaer, and Sa-
ratoga to the Delaware and Hudson Canal Company
it had bonded debt OF ST. $4,000, comprising the
bonds Of the Rensselaer, and Saratoga the Saratoga
and Whitehall, the Troy, Salem and Rutland and
the Glens Falls railroad companies payable at diff
ferent periods. To give the bonds a market value
1t was deemed desirable to consolidate them into
one mortgage to run fifty years. the Delaware and
Hudson Canal Company guaranteeing the interest
The amount Of this mortgage Is 81 000 1915 900 Of
which is to be used In completing and fixing the
road Parties having the old bonds have been in
vted to exchange them, and the transfer is rapidly
going on.
RAILROAD LEASE.
The WallOomsac Railroad folks have ratified the
contract for the lease Of their road when completed,
to the Troy and Boston company.