The Potter journal and news item. [volume] (Coudersport, Pa.) 1872-1874, 1873-07-23
From the Buffalo Evening Post.


When we took our first ride over the
Buffalo, New York and Philadelphia
Railway to Aurora, then the terminus
of the road, little did we think what a
gigantic enterprise it was to eventually
prove. True, we had anticipated that
all investments would prove of paying
character, but since the completion of
the road to Emporium, Pa, develop
ments have demonstrated that the most
sanguine expectations of those who first
enlisted in the work and pushed it on
to the end, were to be more than real
lied. Before referring to the facts
which prove conclusiyely the correct
ness Of this statement we wish to speak
of the recent action of the directors up
OH the new issue of bonds. That the
condition of the road justifies the Board
in doing what they have, and that the
new bond belongs to the very first class
of securities now offered to the public,
can be shown in a very brief manner,
viz: The B., n. Y. & p. r. W., with
its complete line of 120 miles, its rolling
stock of about 400 cars, with locOmO-
tives in proportion, and its large proper
ty i'll real estate, both i'll Buffalo and
along the route, represents an invest
ment of only S4,100.000. There may
be other roads in the country which
have as much to show in proportion for
the capital invested, but we do not
know of them and they are certainly
not to be found in this region.
The rapidly-increasing business of the
road requires a speedy enlargement of
its carrying capacity. On Saturday last
there was call for 127 cars, and during
the past two week the demand has ave,
ragged 81 cars a day. Fifty million feet
of lumber along the line of the road
await transportation, and every tan.
merry in this city and the sun ounding
districts but await the ability of the
road to ship bark to them.
Another traffic calling loudly for more
ears is that in live stock. By shipping
ria the B., n. Y. & P. and its connec.
tions directly to the Pennsylvania Rail
road Company'S yards at Communipaw
n. j., it is claimed that shippers of cat.
tie save largely, both in time and ex-
pense of feeding and handling, as COM
pared with the other routes to the east
ern markets. Already 20 cars day are
thus shipped and yards to accommodate
- carloads have been prepared near
BabcOck street. AS fast as possible
these yards will be doubled in capacity.
An agent of the Empire freight line is
now permanently stationed in this city
to superintend this livestock traffic,
which is increasing more rapidly than
it can be taken care of.
One of the principal inducements held
out for the building of the road was the
assertion that coal of the best quality
could be brought here and sold at rate
which would make fuel for domestic
and manufacturing purposes remarka-
bly, cheap. In this respect the men who
projected the road are clearly right. 40
cars a day are now employed in the car
riage of anthracite coal in this point
If the cars could be furnished, the guam
tity carried would be more than trebled
at once. The business in bituminous
coal is also making demands on the
company which their resources of roll
ing stock are already overtaxed to meet,