Smyrna times., 1873-05-07
The Press ON the Bombay Hook Rail.
road.

From the Washington correspondence of the
Chicago TriJune:
"WAsHINGrON, April 24-Jay Gould, thai
extraordinary piece of gristle and black eve, i
now performing very curious piece of busi
ness, which has attracted the stock market a.
much as if he were building through line to the
Great West; it is the connection of New York
with Baltimore, Norfolk and Richmond BY
rall and ferries. This will have been com
pIetely done by the peach season and at the
gathering Of harvest and the cotton crop. The
magnitude OF GOuld's name, and his proper
tlons as specuator, should not hide the
utility and shrewdnrsS of this, his latest en-.
terprise. 1t is as follows:
MIR. Gould is the president of the New Jer
sey Southern Railroad, which extends from
Sandy Hook without break to Bayside, on the
Delaware Bay, | II miles; branching off also to
camden, opposite Philadelphia. From New
ork to Sandy Hook is % miles of safe nayi.
cation, al ways open. From BaySde to Bonn.
bay Ho K, in the State of Delaware, is a ferry
OF miles. Thence, by communications nearly
perfect, 1t is 80 miles across the Delaware aud
Maryland Peninsula to the Chesapeake. and
thence by ferry 10 miles across the bay, or by
water 20 miles to the wharves of Baltimore.
ms makes direct route from New York to
Baltimore about 2l2 miles long, but broken by
three ferries. The present line of rail through
Philadelphia and Trenton is 100 miles. Ii is
manifest that such broken route can hardly
compete for passenger traffic under ordinary
circumstances; but the systems of internal
navigation which it intersectS, the cheapness
OF steam craft in the East, consequent upon its
superSedence by railways and the perfect con-
verSance OF Could people with this kind of
tonnage, render it prol able that, as freight
md ~;
movement
Jay Gould is president also of the Narragan-
sett Steamship Company, which is provided
with the largest and the most numerous fleet
OF steamboats, on the tidal rivers, and he has
Just built mammoth boat at Newport to con.
vey train OF thirty cars from New York 10
Sandy Hook. 1t is his design to cross the
Delaware and Chesapeake in the same way,
and occupy but eleven hours in the transit.
The railroads in this region have been built at
the minimum cost, over elcountry, abound
ing III timber for ties, piles, and fuel. The
cost OF operating the road will be less than
elsewhere III the country, and it will become a
coal carrier at low grades by connecting at
Camden, Chester. and Wilmington with the
Reading systems of rail and canal"
From the Newark, n. j., Sund,y CAL .
The New York papers note the fact of New
Jersey Southern Railroad stock having been
sold last week at $25(G$3O per share, under
the manipulation of Mr.. Jay Gould, the re
putcd owner OF large quantity of that fancy
Some OF the money writer's in the metropolitan
press are also throwing heavy bats to hook
gudgeOns on this stock, by giving daily hints
regarding great Southern and Western new
through route, which is to be seventy-ive miles
shorter in distance from New York to St. Louis
than the Erie, and OF which the New Jersey
Southern is to form an important link. New
Jersey Southern Railroad stock to-day is not
inherently worth five cents on dollar and if
the road, franchise and all its belongings were
put uD at auction next week, enough money
could not be realized by the sale to pay the
first mortgage bonds.
The through road scheme amounts to lust
this: Mr.. Charles X. Lands, possessed of tho
idea that his modern paradise, ycept Vine
land, was destined to become great railroad
centre, secured charter to build a road from
vineland to Atsion, where it connects with the
New Jersey Southern, and south or west from
Vineland to Greenwich, a small town at the
north OF Cohansey creek, on the Delaware Bay.
To build this road Mr.. Gould loaned some
100000 on its mortgage bonds, which have
been toreclOsed and the property ordered sold
sometime in june next. Whenever the sale
takes place, MIR. Gould, or his agent, will be
the und0ubted pOsSessOr of another railroad,
and have control of line extending from
Sandy Hook to Delaware Bay. To cross Della
ware Bay at that point ferriage of some
twelve or fifteen miles would have to be main
tanned, and several months in the year it is i'm
possible for anything short of large steamship
to cross, even when there is no ice. Once
over, there is "a narrow peninsula and then the
Chesapeake Bay to navigate before reaching
Baltimore. Mr. Garrett, or no other practical
railroad man, ever had the remotest idea of
joining Jay Gould in any such crazy project as
attempting to establish through passenger or
freight line by such route. Mr.. Gould would
probably like to unload his Southern New
Jersey stock. and that is what his newspaper
puffs OF the projected enterprise mean"