{"newspaper_name": "The New York herald.", "edition": "01", "page": "p3", "byline": ""}
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II will be observed that there has been very great
crease in the receipts Of every company It is the rapd


y increasing productveness Of these roads that has ere
ated the immense excitement existing in relation this
kind of investment, bat there is such thing overdo.
ing the business. The investments made in the roads
now completed and in active operations pay better di
vdend than any other mode Of investment in Bi
tain, but too rapid increase in the number of lines
would create competition tending to reduce the receipts
OF all and the per cent dividends of each The value Of the
stock cfsome efthc lines in active operation has
more than doubled. Shares In the Grand junction. were
quoted at 2a7 2as ex-dvidend-par being 100 London
and Birmingham we're quoted at 22s o 23O par 100
York and North Midland quoted at I045 lO6lpar
6o and many others showing advsnce equally large
These roads pay from ten twelve per per annum
and Of courre desirable investments, in a country
where capital only commands from two 10 three per cent
per ann um in other securities.


While these movements are going on in Great Britain
our own capitalists are remaining qu ct while any
amount OF capital 10 Offering to construct railroads in
Esyptand every part Of Europe find impossible
raise an amount sufficient to complete any OF our half
hn'sned works There is the Harlem the Albany and
New York; aud the Erie commenced but remain
stafu quo, for the want Of funds s carry them through
We have learned from experience that railroads in active
operation and economically managed pay better divi
dends tnan any OF our banks besides being much safer
iuNos'"oh supJeot 70 tnese sudden
fuctuations. When we see how much the prospertv o
the country depends upon these roads, and that nothing
deveopes the Of the interior more rapdv than
these works, it is surprising that capitalists have
been and still quiet The roads active
running between points of any importance already nav
good dividends, and those partly completed, would, Il
finished, do the same in a short time


The Eastern capitalists have invested in railroads more
than forty millions of dollars. about twenty eight mil


lions Of which in the rail roads Of the New England
States and the balance reads in other sections Of the
country The capitalists of this city take very little in
terest In It's real prosperity they lend their names and
use their influence get up companies for the purpos,
oil making good speculation in what stock they
may be in possession ot They never take bola
Of any public work with a determination to carry
It through for the sake of the permanent advap.
tages It would give this city. The legislature O,
this State, some years since. granted char,er IN
certain parties incorporating Albany and New yorh
Railroad Company for the purpose road
from this city to Greenbush. opposite Albany For ths