Newspaper of The New York Herald, February 3, 1845, Page 1

February 3, 1845 Tarihli The New York Herald Gazetesi Sayfa 1
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THE NEW YORK HERA1 Vol. XI., No. 33?'YVhols No. 300*. NEW YORK. MONDAY MORNING, FEBRUARY 3. 1845. frico Two Cents* The Morrle Canal. There was a uotice a few daya ago, of the pro posed publication in regard to the Morris Canal? We now give it, and when our readers have perus ed it, they will find that the following premises are established by this report:? Fiist, That the English Ag.nt considered the Canul Wortu three tmllioi.:, dollars ($3,000,000.) Hecood, 1 hat a a a local woi k irrespective of the trade of other Statt a. it would yield from " probable sources . f traffic. intrinsically belling o the ESSST^a enable of yiel.iiLir a revenue of Irora two hundred thousand dol 000) * oil thUe hundrtd lhoU8and dollars ($300,. Third, 1 hat the supply of water is superabundant from Hopat ong Lake-esumati d to be equal to 48 0C0 000 of cubic yui da of water? when full. l?'oi REPORT ON THE MORRIS CANAla. (con) [Wo. 2, per Great TVettern] Niw Yoax, 18th April, 1842 FREDERICK, HVTH, El,. I PM-.uto tie t Bondholders. our trip along tho line ot b^ MoXcanal on lh^th {Sg Sn,thV4th,'fA,tterhthee?,!,ar f'reventP<J ?? 'rom leov ?limy and mue.ly wo considered it li?st to leave its it? iiSty to New when, trom its pro* i-ui y to New Y.-rk, we eould easily examine it I nnnr proceed to iay btfore you,the result of my inquiries alone and raio'v" 1?Tti lh8t tb" KotTld7,amy* XiSSZ ,"X?t 5?,"w M u"<" ?iwii We travelled to Patterson,alone the railway of the same PaUi rs 'n^s'a tlirW?" ,ocom*,iv? anthracite coal? latter -n is a thriving manufacturing town, with a nonn latiun ot nearly twelve thousand inhabitants HereTe m*'ls lne\l''?a.?nnf we"Vin* ma?hiuery, used for (he m .Pi1:? ' Slta wh,cl1 locomotive engines are rVoin^r numerous large manuf.dfcX of c ob th-rsIrfiimif i'ftfr' ,,nring aemicircularly iu three ?IT?ije,^' 0 oltltudts, each ahundantlv s n'^.o^e y Mrr'" wat*r-power,from tho Passaic river nKf?? water power slid remain sufficient for the sup. P'y of many other establishments. Seve al respectable inhabitants with whom we talked, concurred in fixing the ?i C04" at f 0,n 10 000 t0 11.0t)0 ?>us ijtnti nr.yn V ,e Sr?al'y '"Creased. While the Canal was Sars tier to n'* ?,1t? ??U'U tl,circ?al dt fr'? five to six dol urs per ton; but last year, to that price, they had to add three dollars per ton per railway. Ther censider their tow 11 a leur to the i xtent sf, g.ry 26/00 dollars bv the ?toppag.1 pf the Canal Hence their anxkty to see^t in wPhie*h ?hi? grCaV,0r bMidM co#|, ?H the heavy goods which ih. j require, or make, can be conducted alone its cour.echeaper than by any other route Advarcinfon wa.ds alriut two and a half miles beyond Pat'i rson we examined ? breach in the embankment of the Canal re ?? "a "nrn"l,'ltfl 0U,lRy of from 1500 to 1600 dollars our tho fall"*8. lh? C,nal> from Patterson to Dover oc" cur the following places requiring coal, nn I affordier naoejV?VVa wo-kMm,dn,hWherM roU,r,^mil18 and iron fur 4000 ton.? M a th,e consumption of coal is 3000 or nX^fie'ilhLu0.?1 *?!,nd, mw}"fPctor7 of ipikoo and ? ' " . ?*whole requiring of coal perhai S3000 tons year ly , and affording other tolls besides. 7 ,,Jr^8l? it'ir*o P*?ces are favorably located in the proxim ity ol Hibertua, Mount Hope. Sweede's Mine Teebo and nino other iron mines, secured lor the lato Morris Canal referred to Hd.'" n S DticlSer,on> under the arrangement referrid to in the Repott of the Committee of Investlea t'rwffi ?"?? PI*? 30 "f my Br'n,ed Statement,) so that He ir dlL Ijkely greatly to increase. All these works without >he Canal, would have to be abandoned although the ore is in great abundance, and so rich that numerous Ih hCn* 8re *mplo*e<1 where it is smelted by the aid of I thy be lows, and hammered into a kind of rude pigs, cal 1 hnicPr fi ' ",,.ll."bl*fws??e purposes in that state; hut for finer, requiring to be ceuverted Into bars. The smm-lng by sntnraciteis likely to supercede t he furnaces now in me, under a steady supply by the Canal On our way from Dover to Hackett's Town, we visited Gaat-rsl Dicketsnn's mines, which con produce 100 O0i) m"! *7eat nchntss of ore. He has about 40/too ton" tat nt the r^aiy for transport along the Canul tT?V .T.T" Pr?ctice Is not to smelt it himself but ihepropr--.^tors of furnaces along the Canal, thussrtatiog a large traffic. The. same rrutark will mo ply to tin mines ct Mr. E 8. Dicker**), refertedto in the nP"Vg-"ph wWe pa"""1 aUo Buckasunny ( ^ ! ! whrro """t? Rris* mills, and lavorabU lucslitiea for other erections, if the Canal be kept io operation. Without it, these and all etaer village* ulong its course, must decline, and tho iron raauulacture cannot be carried on. In approaching the summit level, nesr Hopatcong w?.V'lmd ?*'imt""*Ki e? oJ ttlH incliucd planes, which wo fi uud in tolerable order, though requiring some re pairs. Of th-se plonss, there are twoTy tbni ^ ?Vm hu? ^.7?."';""* ea(* m, eltwfon from thi.ty-five to one n"nH.0Ml.???lrrpenai'iU,ar'6ta "rad" 'rem one foot per p< ndicuUrto tun and twelve honsontal. All, except one have been whfened so as to admit of the fifty ton boaU oi the Lehuh Canal in sections. Up these planes the boats l?W,n* ma,,ner: Pro? the top Of the plane 4 double wi lo iron rml ts laid axon a railway all the hi r,m Atnii|,a?- dp'?f?d,n* r"t Mm- distance into the ni torn ot the Canal helow, where it i. filled with water on tn-je rails there is an spending and descending cor fiie lot Jed boat, to ascend, floats into the corresponding ear or cradle, which is sup|iorted upon eight iron wheels that run upon tho rails a strong iron chain or cable is attached to the car. and up it goes in seven or eight mi nutes, through the agency cf a water wheel at top, which winds np thuchain round an immense iron roller. The same agency and a similar apparulus cause simultane ously to descend the opposite car the car ascending and toot descending, to a certain extent, by gravitation aid ing in producing the opposite movement of its lellow There is a contrivance at the top whereby the car con tainingthe hoa* is received into water.ro as to allow the beat to float out and the same takes place with the car that has descended. However incredible it may appear, those inclined planes have always been found to answer well; und though accidents have occasionally occurred, fro n tr ? snapping of achain, little loas or detention has keen created thereby. To prevent friction, a aeries of iron rollers are Axed at regular distances between the rails, with groves, along which the chain runs in the same manner as the ropo along the Blackwall Railway. In the past woiking of the Canal, these plane* have only had to raise 35 or 30 tons, braidca the weight of the boat, end under the proposed enlargement of the Canal fir M or 54 ton hoa|a they will have to do littla more, far the hosts of the Lehigh Canal are in section* of 35 tone #?eh, connected by hinges in the middle, where they m e so as to he disconnected and rejoined at pleasure, and the iutentwn is only to lako up one section, that Is hsif a boat at a t.me, requiring for the two section*, ssy six etm or aevenlacn minutes, in place of seven or eight lor the boats Heretofore in use. ?<rTi7 1"'" that msves the water wheel at top is carried descending along the side of tho ' it rejoins the Canal below?end might be ap P 1 to m,?* conveniently erected, so as not only to se ar*r rmuvi,n^ P?w". but ready and cheap tranu along the Canal for all their supplies and produce 1 j; *a,?d *i Hopatcong Lake, on summit i"* f '" '"'T'b " twelve miles, the width varies from ahalf to three miles, and it covers two thousand seven ???? ?> 8Cr<'" rf,land' ??Pr Which wa,?,r m*7 be drawn oft or thl um of the Canal, to the average depih of twelve teot or to the extent in cu.nc yards of say 4?/>00 OOd cubic yar.la ol wat -r. Tho lake in sotno places is filty fnir fern deep; but no water under twelve f.,ct liom the surfsee can bo let off into the Canal The nam is in good order, and was raised considerably laid year, so as to retain movd wffier. The look and feeder are also in fair condi lion. Tho Cam piny for three yeaiv had a small steam hoat of nina horse powtr, ply ing along the lake; hut in December Ust it sunk, wh> re it remains partially im tnera.Hl The engine was saved, and the boat itself might be raised ami repaired at little cost. The whole original price was 1800 dollars. 8 Ilopetccng Lake is the main source for supplying wayar lor the Canal, especially in itscourso westward to Fasten. is true, that pear Stanhope, there is the Cranberry re servoir, cnveiing three bnndrod acren, and the Bear * vamp covering one hundred and fifty, and sundry streamlats oontrlbute to the canal, but this bu alwa, * i" tlle "'"y ??a*on; and during a rigarons 7 dependence is upon the reserved , '8 m Hopatcong Lake The contsn of the Canal ea, ward, Irom tha summit level, through supplies from h-le'??A.?Jf ,,rn"?" ?nJ the Pompton leader, is sure to m r?Z '! U* water " ?" "mes, under proper msnag U... I mc?o?X ?r T ??',f th* Can"1 b" by 'bo Dut?h. u? ?i ?r#cloKiirff of who??i mortoafe, I am aiaiired will CAncol cortain impruJent water privilege* granted at Pat ^ ail 'i^^riviUges oL every other pirt ol the line, excepting one to Mr. Green who draws off water tor the use of two mills efcmt two miles from Easton, founding his right upon'the abeorp .TtWk C,Ml ?ia "lr,,amlnt "bout two miles and a half farther up, and upon an agreement with the "nib near of the Company, previous to the date of the Dutfh mirtgage I shall again revert to thia w.te?VrivilL. in it? proper place K ?,n Nor can I learn that the portion of the canal westward of tho summit level has ever experienced more than a very temporary inconvenience irom the want of water and that occasioned by Mr. Green, who takes from the Canal, during the very height of the dry season, when it can least spare any water. M r Coryell, the lesson of the Canal, himself a practical enginc-r and canal-maker, his son, Mr Marlyn Coryell, a sc nntific and practical engineer, and Major Knott, of great ntperisnco in canals, and for six years manager of ttu- Morris, wno accompanied us in the trip, concar in ?itinSfti, *!?' . 7 ?nl,rfi'"K tb* Canal, and naviga ting it with filty-ton boats, little more water will be was t (I than at praaent ; hut were a want to arise in working the Canal hereafter, tha charter gives its possessors pow ers .1 purchase fresh ,nd. f.,r any neres.sry purpose ol theciiaal; sndthe above parties assure me, thsl a new reset reir of great capacity mtght easily be made.ao as fe secure e supply of water at oil times equal to the want' of the Canal. w^tiSJiSr "J".'!!" Vb?rt to "fanhopc, on whose works $ I ?>,694 of the Company't money were advanced i.s appears by tha Report of tho Committee of Investice. tion, (see page 19 ot my printad Report.) The locality la very tavorablc lor the application of water powi r to mills and for iroafurnoc.es. Threw ol'the latter hare been erect ed at ureal coat; one ii com/eto with its furnaces and liot air pip**s far fraeittng with anthracite, and has been successfully used ; another is complet! in ail.* e xcept furnace end bo*, oir pipes ; and the third is nearly os lar advanced. Mr Pout sutirrd me that each fin nuce could easily furuich 200(1 tons of iron yearly, muk r.g togeth er 6 ooo iocs, nod rtquiring to make them 12,000 " ironore 0o 12,000 " anthracite coal Oo 3,0011 " lime stone Making in all 33,000 tons, to he curried clcng the runal, besides supplies of other kinds, and what the in hah it unto require. Hn stated that, with the furnaces in work, Stanhope alone ought to give ?20 000 quarterly to the Canal in tolls, and without the Canal it cannot exist. We passed through Andover, where iron ore was smelted previous to the revolution Much anxiety ia felt therefor the Canal, and the place will afford considerable trstfic. Hackett's Town is a more considerable place, also off irding traffic ;rd<1 farther west, we passed through the villages of Tost Colden, Andorton, Washington, and New Village, all situated in a rich valley, all greatly de pending upon the Canal, and likely to increase with its permanent working. Westward of the summit levels wo examined six of the eleven inclined planes ; one was a good deal out of order, httr it will be impaired with little outlay. Referring to page 0, we particularly noticed the small stream on whieh Mr. Oreon founds his right. Even, than, it contained very little water ; iw the dry season the qnan tity is still less, and if a plan could be adopted of ascer taining the average quantity it adds to the CaDal during the dry season, and ot measuring off to Mr. Oreen exactly the same, his privilege might remain without prejudice ; Hut as he takes off not what the stream gives to the Ca nal, but what his mills want, nnd <is ho is a rich man,dif ficult to deal with, it has been contemplated to give him hi* streamlet hack altogether, which could be done for an expense of about $4000 He would be vety glad to sell his property, which consists of two mills, a boatyard, a store and dwelling bouse, and one hundred acres of good land, lor all of which he ntks $.10 000, and, peihaps, he may have annoyed the late Directors to drive them into the purchase. At Easton, the boats by the Lehigh Canal, by a lock, pass from it to the Delaware river, cross that river to the plane No. 11 of the Morris Canal en the oppo site side, where one of the letter's boats of 25 tons, re ceives its load, and is dragged up into the Canal ia the way described, page 5. After the enlargement of the Ca nal throughout, there will no longer bo any transhipment of cargo , but each boat of the Lehigh Canal will ascend in half sections to be rejoined to its fellow at top, and then pursue its course along tho Canal to plane No. 10 when the same disjunction, ascent, and rejunction is gone through, and so on at every inclined plane, till the origi nal Lehigh boat of 50 ions'finds itsell at Jersey City, op nosite New York Mr. Coryell and his son hnve calculated that the whole line of Canal may be rendered lulljr available far said boats of SO tons for an outlay of $'03 000 ; but both father and son being engineers, they have peculiar facilities in doing their work cheap, and to avoid error, I would add $43,000 more, thus allowing $160,000 for the perfect and solid enlargement, repairs of planes, bridges, &c. The Canal, in its present dimensions, is as follows : ? length from Jeraey City, on the Hudson, to Eastern, on the Delaware, one hundred nnd one and a half miles. Depth of water four feet, height of banks five feet, width ol towing n th ten feet,width of canal at bottom twenty leet, width of canal at surface thirty.two feet. To lit it to carry boats of fifty or fifty-four tons, the fol lowing dimensions are required, viz: - five feef depth of water, six feet height of bonks, twenty five feet width of bottom, forty feet surface In many places of the Canal, along its course, it is al ready wide enough and deep enough; in othera the addi tional depth can be given by throwing up material from the bottom on the towing path;in others, themere round iiig oft of sharp angle*, so a* to allow larger and longer boats to turn, is all that is required, and aa the Canal ge nerally throughout Irs course clings to the side ol hills, the bermbank, or that towards the hill, not only needs no additional elevation, but supplies good material where wanted on the other aide. The original lock* (of which eighteen are east ol summit level, and seven west?in all twenty-five) were all of nine feet lift, eight feet wide in the clear, and four feet depth of water. They have all been rebuilt eleven feet wide by one hundred feet in the chamber, and five feet water, so as to carry sixty tons. The old boats of twenty.five tons cost upon an average 400 dollars each, and when loaded draw two feet six inchee water. The boats of the Lehigh Canal, in sections, an of different construction, coating, each boat of two sec tions, 360 dollars; they are '.en and a half feet wide at the gunwale, and draw, when loaded, three and u ball feet water. Iron boat* would be a great improvement, both in point of durability, and because they would themselves weigh less, and consequently would carry a heavier load. Beside the breach mentioned at page four then is one nt Pompton feeder, requiring an outlay of say ifO dollars; there are three others near Beaver Tuwn i.bout two miles west of Pompton feeder, requiring foi repairs s.ay 400 dollars each. There i* a culvert and breach of embankment to bo repaired at Rockaw ay, re quiting say 600 dollars; and, in fact, the Canal, though ? ith these end some other slight exceptions, in lair cor dition, would soon goto ruin unless employed Henc? the policy of letting it onr year by the receivers, though at the low rent of only 80C0 dollars, to Mr. Coryell. Be sides the above repaits. he will have to spend, say 12,000 dollars in clearing out the Canal, and repairing the ban ks planes, iron roller?, Sic. Perhaps about 20 000 dollari will suffice to put it in working order for the old twenty five ton boats, which is oil that is pretended for this year, or until Uieforeclosuie is iflYcted. Easton is a thriving town of about twelve thousand in habitants Along Bushkill Creek nione there are fourteei grist mills, and the traffic between it nnd the places alone the Canal and New York ought to be very considerable. But to render the Csnal profitable a* an investment, re gard must be had to the Coal Mines along the course ol the Lehigh River and Canal. Considering it of paramoun' importance to ascertain the state of thuse mines, I visited the coal regions, accompanied by Mt Coryell, wbo is nnt of the .Managers of the Hszleton Coal Companv. We visited Maunch Chunk, where the conl of the Lehigh Company come* down, and where the Beaver Motdow Railroad brings down the coal of the Bearer Mead >w Company, of the Hazleton, and of the flugar Loaf. Per haps from 1ft,000 to 20,000 tons of Coal wero upon th< whufs, ready lor being boated down the Canal, and nu merous boats were waiting to load; but very 1'ttle had then been shipped, all the companies being nearly para lyzed for wauto> funds to pay their workmen. They had sil stiff-red grently by the flood of January 1841 (the great est known since the settlement of the country,) which had swept th# whole valley of the Lehigh, injuring the Cnna) to the extent ot perhaps 600,000 dollars, and destroying property of the Beaver Meadow and Hazleton Companies to the extant of, say 60 000 dollars each. The Canal, however, had been again repaired ns far aa Maunch Ch'-rk, where it meet* the Beaver Meadow Railway, so that the means of conveyance down to Easton are again complete. In fact they were so on the 10th July last, from which date, to the end of the season last year 143, 038 tons of coal had been brought down. To prevent a recurrence af the aame accident, guard-banks, or mounds of earth, have been erected from the overfall of the dams on the river to the high thorps on either side, so as to be above all floods. These precautions are deemed sufficient to prevent any similar disaster in future. Mr Coryell's estimate ol Coal to come down the Le high this season is as follows, viz From L"high, alias Mannch Chunk, say 200,000 ton* Hazleton 40.000 ?' Beaver Meadows SO f'00 " Sugar Loaf and other Mines 46,000 " In all 336 000 ton* But so great is the want of money, that I doubt much the p issibility this year of so large a production. With cap ltd), and supposing that the consumption of anthracite increases, us it has done since 1626 trom 36A tons to nearly 1,000,006 tons yearly, no doubt enn he entertained of the capacity of the coal fields along the Lehigh, to furnish a vary grout supply for centuries to come. The extent ot the coal field* is computed at 1A2 000 acres, and the coal from this region is preferred for the use of manufactories and steamboats. I had not time to exnmine more than the Hnilf ton, but that alone posressra coal enough to afford profi.able employment to the Morris Canal. The Hazleton Company at present has 'wo slopes open, into the principal of which I descended : I was much gra tified with the workings below, and the regularity ol the strata of coal Of then- there are three divided by parti tions ot slate ; the first six feet thick, the second seven feet, and the third three and a half feet, making in nil six t> en fret six inches The property of the Company ex trnds to 177ft acres, beneath which it has been calculated that there are 36,000 000 tons of coal. A valley ol con siderable depth, and a streamlet, run through the proper ty, and thn strata Irem one side dip under to riae up on the other, so that their extent is greater than what a ?traigh' lino along the suifsce would indicate ; an' this singular formation enables th# Company to drain off their water, whether they work on one side or the other, with out the expense of pumping. Each slope will afford from 30 000 to 40 000 tons of coal yearly ; and other twi slope* may he opened if necessary Kiila are laid along the galleries or gangways, the coal is drawn tip by a steam ... .... "Job engine, and emptied at ores into the c.nra, which move along the railway which joins the Beaver-Meadow Rail way, ending at Maunch Chunk, a distance of twenty, three and a half miles, w here th< cars empty their con tents into the boats of the Lehigh Canal. Tne Company have secured a whari on the Lehigh, at rennhaven, fifteen mileFoff, where about 16,000 dollars have been expended for that purpose. Their railway Cost about 100,000 dollars The capital of the Company i* $200 ,000 Th#y have raised by Bond* 260,000 And to clear off all engagements, and to work the mine efficiently, they want, say 100,000 ,. . 'n*U $660 oooon which they ought to be able to pay # good dividend. From the WO<>??.th?t has lately attended the Delaware and Hudson! ?nal Company, Vfr. Coryell is full oi the idea nl working the Hazleton mines in with working the Hazleton mines, either in connection with, or under some mutnal understanding with those who may scquire the MorriaCanal, so ns to secure both the con veyance and the material to be conveyed. This combl nation of conl mining end csnalling has certainly an ?wared wonderfully well with the Deliwar* end Hudeon Canal Company, which some years ago was in n* hope less a state a* the Morris Canal is now. The following 1* a copy of the last financial statement, and it may he fully relied upon * ! meaa the small fnrnacs for th* hot sir?-tha lane it eom plata. Statement or thic Business or the Delaware and Hudson Canal, ton the Vkar 184i. To coal en hanil 1st By sides of coal. .81,116,772 66 March $174,23'. 93 Canal and K.R tolTa 39.3118 19 Mining coal 111,370 01 Interest received... 14,368 19 Hallway transport'n I 'oal on haud 104,870,00 and repairs 111,60 1 09 Profit on bonds onti Kreiitbt of coal to ciliated and cancel houdoot 261,262 85 led Out year 32,908 00 Canal supervision Si repa'rs 111,538 01 Labor and expenses at Kondotit 84,534 49 Collectora' salaries, 1,950 00 <nt. ou State stock. 38,500 00 Do. ?u Co.'a loan,.. 10,605 CO Salaries, rents, and current expenses.. 18,524 00 Balauce 440,985 81 $1,308 307 21 $1,308,307 24 This balance ol $4io,9t?5 si, shows a clear profit of twenty-one per cent on Ks cupital stock of $1,922,000. Having satisfied myself along the Lehigh, that the ad jacent regions could supply a great and permanent traffic id coal, slate, manganese, &.C., 1 next turned my attention to the question, how lar the anthracite mines ulong the Schuylkill and in the Lackawuna district were likely to be able to compete with those along the Lehigh. To ascertain this, I determined to crossover to Jamsqia, and descend along the valley ot the Schuylkill to Philadel phia. From all I could leant, neither at Jainaqua, along the Little Schuylkill, nor at Pottsville, nor any where elsa in that region, can coal ha mined and placed in a Schuylkill canal boat, or a car ?f the Philadelphia anil Heading Railroad, at a lower price than Iroru 1 dollar 90 c mts to a dollars per ton. And all the Mining Companies iabar under quite as great pecuni ary difficulties at those aloug the Lehigh, which 1 am assured can raite the coal, carry it purrailioud to Mauneh Chunk, and placo it in the Lehigh boats there, quite as cheap, if not cheaper. In point ol carrying also, both in respect ol d'stancc auil price, a competition is in favor ol the Lehigh,unless,in file bitter rivalry between the Schuyl kill Canal and the Philadelphia and Reading Railroad, these competitors, to destroy each other, lower their tolls far under such rates as will enable them to pay dividends, lit the contest for'he carriage el the coal, the railroad h ;? engaged to carry it along its whole length of ninety.font n.iies at 1 dollar 60c. per ton. The loll and freights cf boats per canal had always been much higher ; but when ever the railway rates became known, the managers ol the Canal reduced their* to 1 dollar 30c , including toll and freight, being 60c. lor toll and 80c. for treight. The railroad people sav the Canal cannot afford to carry coal for less than one dollar per ton lor toll alone, with neatly as much forfrLigbt, while the Canal folks say it i* absunl of the railway ever to think ol paying six percent on their 6,000,000 dollar* Stock and Bonds, unless they g-t three dollars lor every ton. This contest far exclusive possession of the carriage of the same atticle along the same line, (for the railway runs almost side by side with the canal), will, tor a time, injure the Lehigh and Morris Canal routes ; but it is not reasonable to supposu that such a contest, ruinous to both concerns, can endure longer than the patience of the Stock and Bond holders who for their own sakes will coalesce in some genera) understanding compatible with the existence of both com panies I not that such an understanding is possible, unless ?in toll* of remunerating amount. Assuming that the present rates are the lowest that these companies can carry joeli for, the comparison between the two routes is as follows, viz : - CL-u.ivt *?? ? I-? ?> Coil of l too coal placed' Cost Uonof c^'plac V'* boat p'c"iv :?l 90 ed ill boat* of the Le loll p-r cuial to Philadrl- high Can-d $190 plua per loo . ... . joc Toll per Lehigh Canal I* relight for do do.. ,.806 per ton ..58c. p ? i. j- T~ 130 Freight per do "..'. 30c! Freight and insurance by 0 88 S?P*,"v?otk' ,,-r 'r'" 1 25 To" ?*r Mo"? Cansl, as Apparent difference in fa- at present, pr ton, $1 01K Tor of this route 0 36 Freight per do. as at present 1 01K 2 03 ?? ?1 tiTl But against tliis difference of 36c. seemingly against the route of the Morns Canal, are to be added the following item* 1st. Mr. Coryell toys, the Hozleton Company can place coal in the Lehigh boats at 1 dollar26c. per ton?difference $0 36 2nd. He says the tolls and freight on the Lehigh can be lowered, but as that depend* upon the Lehigh Company, 1 shall leave them as they are. # 3rd. When the Morris Canal is enlarged, the toll may be reduced to 75c and the freight to the same, making together o 53 $0 78 reducing the price of a ton of coal, per Lehigh route, to 4 dollars Sc._ which is 78c. lower per ton than by the Jchuy lkill Aa for the railroad,as yet it onlyoffer* to carry coal for 1 dollar 60c. per ton, so that a ton of coal by it will oo<t 30c. more, viz. 6 dollars lc., leaving 08c in favor oi the Lehigh and Morris Canal Route, consequently I do not think that permanently the Schuylkill coal can be raised and carried to New York so > s to boat the Lehigh. Beaver Meadow, Hazleton, Sugar Loaf, and other coals oi the Lehigh region, out of the New York maiket- B?sidi s the two regions mentioned, there is another which sends its anthracite to tho New York market, which is the Lackawano, by the Delaware and Hudson Canal I have no reason to believe that the coal from that region can undersell that from the other two ; and besides, ft neither can supply, nor can that Canal carry, anything like ?hr quantity wanted. This, and the ratio of increase In the consumption of anthracite, will be best seen by the fol lowing table, viz Finr. Schuylkill. Lchifh. Vienna. Total. Incr. Deer I8<* toils. ? 3(55 ?. -let ??' - 1,073 - 1,073 ? 2,210 ? 2 210 jjg - 5:823 - 1824 ? 9,511 ? 9 541 , ,,K IS lrS? 2?? - **? ?'.* 1826 16,767 31.280 ? 48 047 13 184 1827 31,360 32,074 - 63.434 15 v? I323 ,11*1 J?'232 ? ".516 14^083 Z?'*73 26110 7,000 112.083 708 1,167 3,581 3,718 ?'I"" ? ivwti iu.iioj 34,507 ??? SJ'2?.1 i!'7S0 43,00? 171,734 62,051 o.i .fl'JZ 40,966 54,000 182,860 8 086 1832 209,27 1 75,000 83,600 368 871 186 051 I?3? 2'!rt-2M 122.621 111,777 384 986 116^115 - ??'?!? 106,244 43,700 374,186 ? 110,800 3 34,885 131,250 90,845 557,780 183,594 .or? 443,75l 146,738 104.500 695.091 137,312 237 523,152 223,962 115,307 874,519 167,349 ? 1818 431,684 212,831 76,321 723 836 _ 150 701 1839 442,608 280.645 112.300 7to M3 61,717 ' J'O 4i2291 225,288 148,470 826,049 40,196 1841 584,692 142,158 192,270 919,120 93,071 Besides the application of anthracite coal to locomo tives on railroads, to blast furnaces, and to steamboat* its uio for domestic purposes is increasing, as tho woods dis appear under the farmers'and laborers'axe; nor, in the opinion oi intelligent Americans, unconnected with mines or canals, is there the least danger ot its being superseded by bituminous coal. The prices at the present moment are the following, 1 chilli; of all the mioes in that district, ?cK?clViriDd,CrWnPf'eg?2rnnlt , 58 Ml These same Schujlkill, do. do. do. 6 50 (coals, on 4th LlCkSHUnA. do. do. do. H '?0 I lilt worm <7 Schuylkill <Jr*y A?h, do do. 6 Ou j , er ton. In New Yoik, during the summer moutns, coal is al ways lower in price than during the cold wiuter season but even at pressnt rates, it will bo seen, by referring to' page 13 and IS, that the mine* can bo profitably worked. Owing to the unprecedented mildness of the winter sod the reduced means of all classes, coal for many monthn has been unusually cheap, and stocks have accumulated ; prices just now are lower than perhaps they over were ; but the pecuniary difficulties of all Companies will check production, and prices will rise. Another and very important queation arieee, which is this t?Can the Morris Canal count upon the conveyance of the coal from Lehigh region 7 Tho result of the most carelul examination I can make is, that it oen.ao fares re gards the coal consumed along its line ; but with respect to coe1 for the New York and eastern markets, it will ex perience a very fonnidable competition, gaining strength by every mouth's delay in opening it to the public. Tre route offering this competition is that by the Pennsyl vania, Delaware, and Raritan Canals This Company has tor some years wished to open a lock into the Delaware, at a place cal'ed Blacks' Lddy, about twenty-six miles down the Pennsylvania Canal, whereby boats from the Lehigh, passing down the Pennsylvania Canal, would cross the Delaware Canal, and enter the feeder and the Delaware and Raritan Canal, descend that teedor to Tren ton, proaeed by the Delaware and Raritan to New Bruns wick, and thence by tide-water navigation to New York. It is not believed that the State ol Pennsylvania, which owns the Pennsylvania Canal, costing 2,300,000 dollars will ever consent to this arrangement, which would In a great measure destroy that p?rt of their said canal lead ing from opposite Blacks' K.ddy to Bristol, and greatly In jure that town . northat the State of New Jersey would grant any charter tending to ruin the Morris Canal, with out which their rich mineral treosures and manufactur tng facilities along its line cannot bo developed ; but it comes within the bounds of possibility : and in any ar rangement to reinstate the latter Canal, It becomes tie not to disregard this latent danger. I have taken some pains to asccrtciu how far its competition would be fatal to tho New York trade of the Mortis Ctnal Let na sup pose a ton ol Coal placed in the boat* of the Lehigh Canal ,JC0,t $1 00 We have to add- * Toll and freight, per Lehigh Canal to Ess _ ton $0 88 Do. do. Pennsylvania Blacks' Eddy 0 28 Do- do. Delaware and Rari tan Canal to Tren ton and thence to Brunswiek 12? Tide-water navigation from Brunswick and New York 0 40 3 74 In all $4 64 I have been assured that these rates will htrdly pay, yet on the 18th March, the President ol the Delaware and Raritan Canal advartised, that after the 38th. tho tolls on coils destined for New York would he only 30 cents per ton throughout the Canal. To that must he added SO cents more, at least, for (might, and 40 cents for tide water navigation from Brunswick, making in all 100 cents, in place of the 100 cants a* above, and thus reducing the coal placed in New York to 4 dollars and 4 cents per ton It has been conjectured, that Captain, R F. Stocktoi inserted this advertisement to injure the prospects of the Morris Canal, so, as if sold tinder the Dutch mortgage, to ft ighten bidders, and buy it for ? mere trifle, then ahu" it up, ami impose on the public what tolls he pleased His recent attempts to take the lease of the valuable Coal Pie-, of the Morris Canal at Jersey City ot the receiver five some countenance to this suspicion, hut for th< present he has b>en defeated, as will he seen here after ; and unless hecsn carry ooal still cheaper than hi

late redaction, by turning to page 14, it wUl bo found, that the Morris Canal, when enlarged, can ?till olaim its shara of the cool carriage to Now York > but in estimating the value of the Canal, 1 am dis posed to put things in the worst possible light, and ttiipitof all traffic, except that of which it cannot be de prived. I mean the traffic along the line, und within ten miles of its course on either Fide I shall endeavor to term a prudent calcuiatiouof what tlietroffic may be un der present circumstances, and what it may soon reuch to und> r the permanent and etticiem working of the Canal. In doing so, I shall proceed irom the eastern extre mity to the western : Tons. 1st. Jersey City, opposite New York, of coal, yeirly i.ooo 31. Nevaik, with,soy 15000 innabitunU 3,000 3J. Patterson, with, say, 10,000, and,many pub lic works 10,000 4th. Boonton, with blMt hntw,Itc j.soo 6th Kockawuy, with mill', luz 1,000 6:h. Dover, with mills, foundry, kr. 2,000 7lh. Drakesvillc and Surkutawney 2,oi 0 8th. S'anUopo, blavt furnaces, 10 000 01 b. Aodovi r, mille, Stc 6,000 10th. Port Collier, Anderson, Washington, and New Village, each 260, say in all 2,f00 1 lth. Ilackett's Town, say. .100 12th hasten, with, say 12.000 inhabitants 2,000 To this may be added, carriage of farm produce along the whole line, 1014 miles, lor tlrc-wood, lumber, stone, lime, iron ore, and tor bark fraight, say 16,000 Making in all 67,000 as the maximum ef toils to bo expected .luring the pre* ent year, as it will be the 16'h of May buiore the canal can he sufficiently repaired to admit the water, anil the delay will allow large supplies of coals to ariive by other routes. But this is by no means the traiiic of which the line of the canal is susceptible. The establishment ot iron furnaces alone, in the numerous convenient locali ties along its course, must be greatly promoted by the imposition of protecting duties in favor of native iron and coal now proposal!, nnd we may safely calculate that every new blast furnace establishment, worked, will create a traffic yielding in tolls about 6000 dollars yearly, rtunityofi I had an opportunity of verifying the statements made in my printed report, pages 29 and 30, both at Patterson and Stanhope. Mr. Boyerson, of Pomp ton, Mr. Prevoat, of Boonton, and Mr. Post, of Stanhope, confirm the calcula tions to which I allude, and that tne smelting of iron ore by anthracite is now fairly established. Vnder protective duties, the iron manufactures along the Morris Caual must rapidly progress, and all tho immense traffic there by directly and indirectly created, is one which no com petition can divert from it, and without coming upon the New York market at all, I think it ia not difficult to see iirobahle sources of traffic, intrinsically belonging to the Canal, and capable of yielding a revenue of from 200,000 dollar* to 300,000 dollars yearly. Letter continued 20(A April. I returned to this place on the 16th, and ever since I have been engaged, uiorig with Mr. Cryder and the te ceivers. in obtaining information, and in devising means to enable Mr Coryell to carry out the conditions of his lease. This he found himself wholly unable to do from his own resources, ami those of his friends who had pro mised him support; the receivers insisted upon receiving security which ho could not give, and alter much careful consideration and consultation with them and Mr. Venar dale (an eminent lawyer of Newark.) Mr. Cryder and I at length determined to secure the possession of the Canal for the KnsflisU bond-holdera, by taking the lease of it. from yesterday's d3te to tbe 1st of April. 1843 on the con ditions befoie granted to Mr. Coryell. If tbe British bond, holders decline the option of huviug the lease on their own account, on simply compensating Mr Cryder and myself for costs and trouble, and interest of money, he and I must carry through its stipulations with our own resources, trusting, in the event of loss, the bond-holders will take into thnir equitable consideration, the motives ind circumstances which led us to embaik iu the enter prise. Let it nut, however, be understood that I am at tempting to bind my fellow bond-holders ; I have neither the power nor the inclination to do so - 1 have considered it within the scope of my duty to them to assist Mr. Cry der in preventing the Canal from (ailing into the hands of parties with interests opposed to those of the Knglish cre ditors, who were intriguing to obtain the lease, and then keep possession by retarding tho foreclosure of the Dutch mortgage. Of the fact of this intrigue, we aaaured our selves beyond all doubt, and we bad the opinion of three lawyers, to confirm that of ?he Committee here, that pos sesion by parties in the interest of the English bond holders, might most materially promote the ulterior views under the Dutch ioreclosure Mr. Alfred Morrison was so duly impressed with the importance of getting the lease into our own control, that he wou'd readily have taken a part in it, on behalf of his father, had we possess ed the necessary power*. Mr. Cryder deserves well o( the bond-holders, for Ihr time and labor he haa dpvotej to thia concern, and lor the influence he haa brought to bear in thwarting intrigues, and resetting a spirit in favor of the British creditors, ivhicfc seem? now to be universally felt from the Gover nors of the State, Legislature, and receivers, down to the ?Beers of the Compmy, and people along the line, px cepting, perhaps, only some interested individuals con nected with the Delaware and Raritnn Company, and ohp ?r two speculative parties, said to be in the interest ol others belonging to the late direction, whose names] hesitate, at present, to give. Our first act under the lease, was to secure the pier at Jersey City, grasped at by Capt. Stockton, as I have mentioned iu page 16. As yet, we have not considered it proper to dive into old acconnta, atf rting the late Directors and Managers It i* necessary no', to erea'e alarm, nor stir up hostilitv till our measures have obtsind a cer ain progress ; arid we have elicited a certain data t'rom the books respecting the past workings of the Canal, which I hope to obtain through Mr. Gibson,the late cashier, in time to semi here with. Besides the advantages oi saving the Canal from wreek ond ruin, and of securing friendly possession, by working the lease for this year, we will ascertain the practical bearing of every thing connected with it, the best way ot proceeding, in order to enlarge it, the nmnun1 requited, lie. Amongst other points, my attention has been directed to its present capacity, and what its capacity will be under enlargement. CAPACITY AT PRKSKRT. OAPSCITV WHKS EltLAHOKD Major Knott assures me, Thi Major states, that an they work eighteen hours hour will suffice to pass daily, and that with great four boats of AO tons, which, eaio they chu pan lour at twelve hours only a day boats every hour But sup. give forty-eight t>oat3, ot Ssing only twelve hours 60 tons, 2400 tons daily, ily, that gives forty-eight which, for two hundred boats a day, which, at 25 days,will make 480,000 tons tons each, gives 1200 del In working the Canal with lars : and supposing only 50 ton boats, no extra hands two hundred w orking days, will be required, and the ex from 1st April to 1st De- pense will bo little in cember, wo obtain 240,000 creased, tons. There are in all about two hundred and thirty boats, of which two hundred will, with some repairs, be made available for traffic. Mr. Coryell had bought the boats ot the Sta'e el Indiana, to which they had tieen assigned, for 60,000 dollars, payable in State bonds, bn. the re ceivers, denying the validity of the assignment, have is sued an injunction upon Mr. Coryell, and till the ques tion oftke validity is determined, he will have the uae ol the boats without paying their price. The receivers are willing to apply this principle to all the other assignments made by the late Directors ; they deny the validity of the pretended mortgages to Indiana and Michigan ; they claim every thing for the general creditors without preference, except that to the Dutch bond-holders, by right of their mortgage. Two of their numbers being lawyers, they can operate with great effect in unravelling the intiicacies of the perplexed operations ot the late Directors, nnd they contemplate thi iastitu tion of a criminal suit against Mr. Lord as a commence ment The foreclosure of the Dntch mortgage may hi put off, through the interposition of legal delays ; but it is au event which musi take place, and, I understand, it will wipe olf all pecuniary claims of whatsoever descrip tion, post note*, toll notes, balances due to contractors, water privileges, Ac. tic., originating in any act or grant of the direction, subaequant to the date ot that mortgage. The lease is oi the whole t'ansl, throughout its course ot one hundred and one and a half mile* from Raston to Jet. sey Citv, also nf the feeder ol the Hopatcoag Lake, ? hich is 67-100 of a mile, and of the I'omnton feeder, which is six miles long, being 109 17.100 oi navigation, and in cludea the pier of Jersey City to 1st April, 1043, for the sum of 0,000 dollars paid to the receivers, and three fourths of all net earnings, beyond 7 600 dollars allowed to the lessee as some security agsinst loss by the exten ?ive repairs necessary, among*: which is the complete re building of the new n,Urged lock at Newark. It ir agreed, that Mr-Coryell, fot his sgoncv an l compenso tion, is to receivn a salary equal to the fourth part of the entirenett profit accruing to tho lessee, without having to advance any monev, oi to bear any loss, and it is ex pressly stipulated verbally with, and consented to. by the receiver?. tknt in the event of unforseen delay to the fore closnre of the lease, it is not to paar into other hands, tic less with our consent. Though included in the lease, that part of the Canal be tween Newark and Jersey City, is aot to he worked dur ing thia year, nor do the receivers require that it should be repaired The banks being slimy, and subject to the flux and reflux ol thu tide, extensive and expensive re pairs would bn required, which the conditions of the lease do not warrant; nevertheless, endeavours will he made to preveut it from becoming worse, while the lease lasts. The Canal can bo profitably worked without this por tion of the line, which is that ovei iwhich Indiana pre tends to have a first mortgage, while the same nortion, without the rest of the line from Ksaton to Newark, un questionably mortgaged to the Dutch, could not be work ed at nil. For the reasons which I stited in my last, nnd which Mr. Cryder has mentioned in letters to Mr. Shaw and Mr. Hichexs, the rtceivers do not believe, that the pretended mortgage to Indiana will hold good ; but even if it should, it does net extend to anything without which the rest of the line cannot be worked Kven to New Folk, there is a water communication by the River and Creek from Newark, independent of the Canal from the latter to Jersey City : the cemmunication is tortuous, but it ia practicable, and I hove already shown that all the valuable traffic along the line belongs to towns and vil lages fiom K.aston to Newark. All this is so true, that from the first, the Newark people contended (hat the Canal should terminate at that point. The lease is now ma In, and will have this farther verv impoitant advantage, that it will determine how far the Canal can be profitably workeJ, without the proposed en Isrgemetit; tne arguments in support ot this, presuppose a traffic beyond the present capacity cfthe Canal I l.ave already shown that with boats sufficient, upon a very too derate calculation, the Canal, a* at prevent, could ;?<>*? 940,000 tons \early Now, I doubt, that in the past work ings ot it, the yearly tonnage has ever much exceeded one-halt that amount; and unless it can be clearly demon strated, that the admiasion and passage throughout ot thi Lehigh hoata is greatly to increase the quantity of ton nage to he carried, th# better course may be to perfect the Canal aa It ia, and aithar Increase tha number of 96-ton boats to 500 or 800, as may bo necessary, or 1 ave the pub-' lie to tiod their own boats, which the profitable lreight, under the active trutlic, would induce them to do The 35-ton boats ot the Morris Canal ascend the Lehigh to the coal wharfs, and bring it right through to Jersey City, j witliout transhipment, which is ouijr requirrd lor the coal brought down in the Leh'gh bouts. In Mr Oliver sons possession is a document professing to shew u pro spective revenue liom the Canul lor lr?4l. the sntjigu. ment being then Completed, of 844 7no dollars but the da ta on which lb" stat-merits are made require to bo veri fied, oud even if so, the whole trunage given to produce that amount, docs not exceed the present carrying powers of the Canul, if only boats enough of 85 tons be procured. This point I will endeavour to determine, but mean while, the hund-holders, for their own salety, should ealcula.e upon the probable necessity i f immediately raising, soy 300 tw o dollars, to complete the enlargement us proposed. I have good groun is to believe, thit by this outlay, or, perhaps, cousid-rably less, they may secure the whole t'oual if tile Dutch mortgage be soon foreclosed. Under the general depression and want of confidence now pre vailing, nobody is likely to buy it tor moio than the Dutch claim, say in round numlrers 600,000 dollars ; but if the foreclosure be delayed, circumstances muy change, and it may be necessary lo puv a much higher price. I had a long in erview with Mr. John Wifiink this dsy (831 April), and he is quite willing to grunt the extension of time stipulated for; nut he says, he will not allow the Canal to be sold under the amount of the claim he repre sents. This the bund holders must also assume, as a tact, in resolving upon the course thev are to pursue The simple question for them to consider is thin :?will they consent to lose eyrry farthing of their lapds already in vested in ihe Morris Canul, or will they, in order to save said binds, give authority to buy the Canal under ceitain limits I 1 believe it may be bought for, say BOO oou dol lars, but it would not be sale to relv upon this, and that the limit must be fixod much higher to preveut the risk oi being outbid. Taking the amount of the Dutch claim at $hoii 000 Adding for su rling bonds and coupons unpaid. .1,500,000 Adding for enlargement, Ike $800,000 And say, for uny bidding that may arise beyond the amount of Dutch claim?say even 500.000 700,000 The whole capital would be., .$3,000,000 on which the yearly interest at six per cent would b? $180,000. To represent the above stock, three thousand new shares of $1000, or thirty thousand of $10 each might be issued, which most assuredly would rise to pat whenever it became certain that the new company, no only did pay. but could continue paying, that rate of in terest. Looking at the result of thopast workings cf thi Canal, I would despair of ever arriving at any such re venue, Ior I do not believe, that upon the average, it hai ever paid one dollar beyond the expenses of working am rep an s, and, perhaps, the interest on the Dntch lour. But under the wicked and wretched mismanagement tr which it litis been aubjfc'ed. the past forms no criteriui ot the luture. If the protective duties now proposed oi coal and iron held nut great immediate encouragement to increase the number oi blast furnaces along the line, tha< the effect may be more intelligible, I beg to etate, that thi present duty on English coals, per ton, is about.... $0 85 While the proposed specific duty is 1 6b Showing an increase of $0 85 The present duty on iron, in bars or bolts, made wholly, or in part, by rolling, per ton, is about $13 90 The proposed specific duty is 35 00 Showing en increase of. $11 80 1 hero is no doubt, that the protective duties will ex tend to cotton and woollen goo 1 , paper, soap, and many other articles, made at Newark, Patterson and elsewhere adding greatly to the profits of tho-e now engaged it them, and tempting others to embark in similar underta kings. By the laws of New Jersey, foreigners can hold the i anal wttn an us vwnaoie privileges, quite tnc same ? Even during war. the property would be .at. from confiscation, and protected by the ,ev?re [*n' t " now existing against those who injure tt, the' ji >ss?s r,n" Msw&rssa. case will bo foreclosed tieforo the close of the prtsen vear iind m?v. much sooner, it Indiana withdraw hei oStion t!on.< quently.it is advisable that the bond holders come to some final resolution whether they wil assume the lease now made on the terms mentioned, 01 liuv the Canal at auction. There are some 1 knew fain I regret it) who cannot take ar. interest in any such un derUkkir.buttlicie are many who can ; and if only a lev come forward, 1 believe as many new shares would b. Ukin up here and in Holland as to render the purchai < or oUca^le H the English h.nd-holders do not buy .1 some oth'U- pirti, s certainly will, under some arrange ment with the Dutch, as even the banking privileges, un dw the charter, are considered as likely to become o great value, seeing that, frou. the pest miamanog' ment. hanks it will be uMiiu.it impossible U procure comIt is < ao ample and liberal a kind at that granted to thiscompr. ny I am not to be understood ns proposing, that it tl KnVlisU bondholders acquire the ( ai.nl, they are to con. mence banking; nil I say is, tbey might mukc in fntun some bargain for the banking ps*.vwhich might Ix sdft'Iv ami advantageously used along tnc line. Thoinhabitants in nil the village. are a qu?, ord<mly industrious, and frugal people, not only 'lf(JJBv deuce, but with ample means of giving '"r vunces ; urd liad Un; late directors only used ond ci .1 tlu ir b lulling powers amongst them, and m helpu s coal to market, iron ore to the blast furnaces, fain, pro duce to muket. Sec , thev might have kep' out s circula tion of $300 000. or more, with great profit to the m'ti i' tion and prosperity of the neighhots of the Canal, bono of them tiave sustained grrat lots -s 1"r ^?^td.<u"? not mud post and toll no:e< received, Ike , but they ui oil sos nsible ot the impoitance of theCuilArilund*. a certainty of its p- nnanent and efficient working, in facilities of soon retrieving their past lone* would indue, them to acquiesce in the rcitisal of the receivers to vie Ihei claims in any other light than those ot thoothe creditors. Tlic calculation mide, is to be considered a the maximum of what may be required to secure the Cs nsi under ixistible but very improbable competition. Mi Crvder Mr. Whitmoro, and tin; members ot the commv tee concur with me in thinking, that it may be bough n onen market for the amount due to the Dutch,or mucl less it they would take less ; and they now think so h v rablv ol the prospects ol the resuscitation of the cot cetn that they recommend the purchase, at the presen kw price, of as many of the Dutch bonds u. would ..ec un th?i maioritv, or, if possible, the whole, aud that no dout would be the best plan, were money more easily raisei How tar the lact ol the lease,at the low terms men.ionei sanctioned bv Mr. Willink here, and the wretched rcsul ni the east workman ot the Canal, as proved by the docu ment below (of w hich he w.lt send a copy to his brother may induce the Dutch bondholders to relaxIn theii claims or sell their bonds in despair, it is not for me t sav but probable effect of inch authentic irf>rmatio. is worthy the conaidcrution of the London Committee Mr Willink told m?, that other paities (connects with the coal mines up the Lehigh) had been tamperin; with him to purchase the canal, under the ? oxtension of time to pny the Dutch, hut be haipromis^ to give me a pref-rei'ce; and he assure, me the nowm ?ent out bv his brother are most ample. and based upo the (rank looting estnbl shed between him and me. It i all important to continue this, and that no c'rcu'"*|?'^ should occur to shake the mutual confidence and relianc DOlf the Kngli-VCT'holders are only true to them.elve. I candidly believe that things are now in train to sav their whole property; hut they ???? ?? Fven if they bought thecanHl as high as *1 6?> is*', an Inerwards wished to get rid of it, my impression is, the; nroductive ?ta^. to sell out it they wished to do so ir* mv r^mnrkH upon the rival routes for the convoj ance J cohI Irom the Lehigh district, 1 'J,?*' tion that ?i compttri?on ol distance in in tavor? . * w (?anal All the coal from that re ion, and fiom the W>i ming also, must come down to Eas on. Now from Easton to New York, by Morris ^ ^ From Eas ton to New York, by Black's Eddy, (.fever opened.) and Delawate and Hsritan ^ Now^rom" Ess ton to New York by Bristol and the s?me canal, is at present ? And from Easton to Philadelphia Beside, a distance round by sc. ^ ^ ,M] The receivers having entrusted the preparation of tb. answcwTrom the books of lb- Morris Canal to my qm; r;??g to Mr. Oihuon, the former oaahier; nnd h , in t of dchverinf them to m* personally, as ffratuuotMly c.ft? ed by note ol the '131. and as the receivers rusted , , would de, h iving thought proper to send said ^ ,?,i? rover to the receivers, who are aosent, I ri grcr m 1 "ability to (orwar.l them ?? promised .bore I5ut tUug he kind permission of Mr Brittnn, the tendance I was enabled toprocHi e myself the main lea the nost workings ot the canal, direct Iron, th. for the present. They .ire a follows, Til. .. _ av?.? fierenne. RtpairtmnH Exptntel ? so S2l 12 1 had not tiwe to est act them J2j ::::: ^ ^ S? " ;; in R60 n do do HI" SSIil !M d o d o im.:. M *> t do II*:::::::::::: S>j* {?? - !Lo-'tn V.i Augait 41,572 ?7 Not eitracted list?Canal sto|?r?d. |(M2?not yet opra'd. From the above, the inference is clear, that the earn in?s have never yet pal I tho barn expenses of working it and the $38 ono, more or less, of interest, yearly due ? the Dutch. This result I showed thU morning to M lohn Willink ; in d. fault ol Mr. (J.bson's at at em en, whirl. I had promised to show him. I he answer, to m> nneries ..re too important for the receivers, who ?' ? f'?' straiicht4orw(ird. honomhU men, not to onlcr again made out from the hooks, d thoae pre^red by^lr (iihion should not be furthcominf? ? think you nm> conn" upon having them by the Bi itannia, Th, rece vers seem detcrn ioe 1. in the exicutiou ot , ?lo it learlessly. and u ith an eye to elicit every tact. an. that the MtKivo result be depend> d upon It ma make some of the bondholders dcs|?ur, hut It cught not b T? Sth because under the head ol repairs and ex pensea^manj^charg'es are made rtj^l?^rkd to otharacoounu, and because the management may n? I improved so as to do more than double the revenue, as has already been shown. The most startling amount of repairs and expenses, is that of 60 4,41 dollars 62 cento lor 18.40, which I believe really waa 60,010 dollars 76 cents, bi t ol which 33 610 dollms was for new work, and the remainder only ior repairs and EJhnes, which subsequently w*re greatly cuituiltdby reduction and dismissal of supeilluous t dicers. The following items will enable you to loim some idea of the n- w wora :? Planking wharfs and finishing docks at Jersey City, faotio Wharf at Salter's I'omt, 660 tluarryirg ar<1 delivering stone at Pompton aque duct, 3600 Breach ot Canal at Patterson ... . 600 Pompton aqueduct 600 Banks ot Pompton leeder, 300 Sawmills and fixtures 12600 Pattern und Toll-house at Dover 760 "Twelve new bridges (average cost ol each 360 dols.) 4000 Stone and delivery at Saxton Falls 1600 Work done at new locks 1100 Platik lor new locks 600 Making bncin and bridge at Wachington 2600 Large oulverts at Washington, 8600 Breaches at Green's and other places 4000 $33,610 Besides the above tha. a were expended, say 26,110 or perhaps something more, for other expenses of a mora ordinary, or current kind. For 1840 there was an estimate of 20 600 dollars for new work; and for sulmics and current txpences 35 000 dol lars, making in all 66,600 dollars; but 1 r elieve 30 000 dol lais yearly will be a liberal allowance lor the whole, un der ordinary circumstances Upwards of 3,300.000 dollars have hei-n expended lawJlJl upon the Canal. In the whole cf 1830 not n single boat grounded for want of water,ond the planes woiked well?this was pre vious to their enlargement. The hoots can easily make ten trips a year each, from 1st of April to 1st December; and aix hundred boats could lie worked, which, ut oHly twenty-five tons each, would be one hundred and fifty thousand tons. I cannot learn thut more than one hundred and twenty Ave thousand tons has ever been carried by the Canal in any one year. For further particular' 1 refer to Mr. Cryder's letter to Mr. Hitchens, and the official letter of the Committee.? The latter met yesterduy, and were unanimoui in ap proving of the manner in which Mr. Cryder had taken upon himself to carry out the recommendation to secure possession in iriendly hands. Mr Corow argued stiongly the expediency of buying -p as many cf the Dutch Bonds as would secure a con u'nl of the mortgage, thereafter foreclose,and either woik the Canal, or sell it, us circumstances may render advira ble. If, by following this course, thn bond holders could ?acnre it lor, say H0O i on dollars, he thinks they might af terwards resell it. if not wishing to hold it, lor a much linger amount, the difference being so much saved. My own opiniou is us stated pages 22 to 25,that it should he bought to he resuscitated and held till parties can sell ou' without, any loss whatever. The bondholdirs, by buying Canal at public sale, do not uppeur to me to debar themselves lrom having the full imouut of their bonds against the Company, and there ire certain valuable properties, such as the Kstate and Mines of Iron Dale, and the woiks at Stanhope, which, d sold, might be paid for in Bonds to great advantage. I remain, yours faithfully, (Signed) ROBERT C WYLLIE. wTn'te a^" . Un . tid alter ti e la; of October the con will leave? Pari;, so 1 jjkpot, I New Yeait. IouocjA. I. ! 9 o'clock A. M. nx. " i?x " p.m. . r. . ! ? M M u.a SDMDAva. I o clock A. '?*. i 9 o'clock A. M. ? " A.M. | 4 ? P.M. <29 ti ec NEW YORK AND HARLEM RAILROAD COMPANY. WINTER aTiK ANG EM hi NT'S" On and after October 20, the cart will run as follows Leaving City Hall for Harletn. (I24tli st.) Morrisiania, Kord trm. William's Bridge, Huul s Bridge, Underbill's Koad. t'ncgnhoe, llart's Corners and White Plains, 7.30 A. M., 10.30 V. M.. 1 P. M. and 3.30 P. M. Leases Williams' Bridge for ity Halra.tS A M., 11.4A A. M? 2 10 P. M.,4.44 P. M. Leaves I'uckalioe for City Hall 8 24 A. M., '1.24 A. M., 1 45 P.M., 24 P M Leaves White Plains for City Hall 8 A M., 11 A \1., 1.30 P. M., \ P. M. Fraight trains will leave City Hall at 12 24 M, Leave White Plains at 3 A. M. The Westchester Train will stop only, after leaving the City Hall, at the corner of Broome st. and toe Bowery. Vaushall Gar len and 27th street. An F.xtrn Car, will precede each Train en minute* before the time of starting from the City Hall, IM will lake up passenger* along the line. Extra Harletn and Morisiania Trains, for Morrisiania and in ermediate places, Leave City Hall for ilarlem and Morrisiania,7 A. M.. 9 A. VI , 2 P. M.. 4.30 P. VI. Leave Morrisiania for City Hall, 8 A. ?l., 10 A M., J P. M ., 4.30 P. V. Bv order of the Board. 1)18 3m*rrc W. S. CAR.M AN. Secretary. _ LONG ISLAND KAIL-ROAD COMPANY. WLNTKK ARKANGEMbN r. Trains run as follows, commencing Dec. 1 tth, 1814 :? Leave Brooklyn, nt liaftpasc A. M., (New Votk side 7 A. Al.) Boston Train for Urreuport,daily, Sun days eveepted,stopping at Karmingdalr and 8t G-orge's Manor. " " at9\ A M lor Hicksville and intermediate places, dail-y, and on Tuesdays, Thursdays and Saturdays, through to Greenport and in termediate places. " " at 312 P. M for Hicksville and intermediate places, daily, Sunday s excepted. Leave Greeuport lor Brookly n, Boston Train, at IP. M., or on the arrival of the steamers (1 oly. Sundays ex cepted, stopping at St. George's Manor and Farmingdale. " at 9 A. M., Accommodation Train, for Brooklyn and intermediate places, on Mon days, Wednesdays and Fridays. From Hicksville for Brooklyn ai d intermediate places daily, Sundays excepted, nt 7 A. M and 154 P. M. trr-Mt train on sunoays.^oi VIondays, ) I Tueacays, i iVednesdays, > Via Norwich. Thursdays, > Via Ston'gtoa Fridays, 7 I Saturdays, J ja29 3mrc NOTICE ?LJ1 :en island FRRRV. On and after Sunday, Dec. 1st, the Boats will leave as fol ows, until further notice:? LEAVE STATEN ISLAND: 8)4, and IP. A. '3 : t and 4>i. P M. LF./- V i. NEW YOllK : 9. v.d 12. A. M.: 1)4, and 4.V. P. M On Sundays the Bon: will leave at 11, A. M., in pleee of 12. ut8rc CHANGE OF LOCATION. UNITED STATED MAIL LINE BETWEEN NEW ? YORK AND ALBANY. Via BHIUUEPt RT-HOU .MB *M BATONIC AND WESTERN "1?5m?C3s R 4 11.ROADS?The steamboars E3EZ.Ki;RKKA, Capt. True.dell, and N IMHUD, C?pt Brooks, will leave the pier at the foot of Knie reltatreet, daily, Sundays excepted, at 6X A. V Returning, he Lin? leave* Albany at 7 A. M. Albany |iaxiei,ip'rs. on arriving at Bridgeiairt, proceed imme liately on the Railroad; snd, without change uf Baggage or Lars, arrive in Albany the aaine evening. A Freight Train daily at 6H A. M. For further information, both as to freight and baggage, apply o 41. M. PERKY, Agent^kt the office, Rossvrlt street, or Livingston, Wells uid PomW?y"i Expr-ss office. 2 Wall street. R. B. MASON, Superintendent, din lm*m 172 South street 1 ALl. AND WINTER ARRANGEMENT y-'lVARlT \D NEIV YORK FARE ONLY CENTS. CHE NK. AND SWIFT STEAMER RAINBOW, ( A"1 AIN JOHN OAFKY ON and after Septemb-r )0th will run daily, follows (Sundays included)Leave New aKam^bwK.ark, foo* of Centre street. 8 o'clock A. M ? .. vp New A ork, foot of Barclay atr?et, I o'clock P. 1!. ap4 rrc WINTI H M ML LINE FOR ALBANY, LANDING AT Sing Sing, Vcrplanck's Point, Caldwells, Westpoint, Cold Spring, Newburgh, Hamburgh aid Pnugnkeepsie. F'xntt TuaoroM to Ai.irartv gt BY BTEAUOAT AN D STAGE?Fare to Sou; Sing, SO cents?Verplan-k's,74 cts. The t t T'< A,Capt T. N. Hnlie. 'eaves he Steamboat I'm, foot of Courtlncdt st , (south side,) Every unoniiug, ui 8 o'clock. Stage* fcave for .Albany from botli sides of the North River, ?nmeiliarely on the arrival of the boar atPoughkerpei*. Passen gi r* urtivc in Albany early on the following moruiug, aa the in id* are good and aleighing fine. For passage or freight, apply on board or to P 4). SHULTZ, ,t the Office on the Wharf. January 27, 184.4. jJ7tfre FOR BATH. GARDINER AND~HALLOWELL. The new steamer PENOBSCOT, Captain >.N. Kimball, ten ret the end of T wh.irf, Boston, T -every Tuesday and Friday even inns, at 4 lock. Stages will lie in resdiness on her arrival at the above ?res, ro convey p*-*vender, to the neighbnrirri town< EfiN FOR LON I'ON ?Regular Pack' I of tilth February? eVVVW I't e so endid, iirat class, fast sailing picket ship MHMb*WITZKtt LAN D, Capt. E. Knight, will positively ?ail .is above, her regular dnv. Having vcy an ; erior at com mods'inns for cabin, reeond ca bin, and steerige pa .*eni.ers, persons wishing to > mhaik should aske immediate implication ou board, foot of Maiden l.anr, or o JOSEPH McMURRAY, P2 ec 100 Piue street, corner of South. Jrgax' FOR LIVERPOOL?Ntw Line?Regular Packet ?WfWto sail the 26th of F'eb.?Tlie o-gnlar fast sailing jUiEteP'ickei Slop o,4 KRlt K, Captain B J. H. Tratk, af l.lixi tons, will posi ivcly sail as shove, her regular day. For freight or passage, having accommodations nneqn illed or splendor or comfort, apply on bo: rd at tlrleaus wharf, foot jf Wall street, or to E K COLLINS Ol CO, 46 South <Ue*4. Pvcn of Passage, $100 The packet Ship Itoscius, Cs| taiu A. Eld ridge, will sue ChI the Gtrrick. end sail fhth Maicn. her regular any. j28ec FOR OLABOQW?Hegul*. Packet-Thefsst sail ing picket British barque ADAM CitNK. 148 tons jhnrthen, Cat t. R ibrrt Si tt, i* uow ready to receive cargo, and will iticoeed the Ann Hailey Eoi freight or passage, ha ing excellent accommodation*, ap ply ou board, foot of Hrckin in ?t or to WOODHULL t< MINTL'RNS fol 87 South street. EtM HAVANA?First Vensrl?I'h ?U|Mr r>r new ?u ir pukei baiqne VII DAI4 A, Mich, marer, hav < i la p*rl of lor cargo engaged, will meet with iinn edi i ? de?, atch. For f'eightor passage, having superior state room arcommo dations for tweqtv-right passengers, apply on board, at piev II e. h., or to John j. taylor, j30 Iwre 41 South street

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