The increase of business over the Western road since the first year of
its operation, would seem incredible, were it not so thoroughly
established by the figures of its early and later annual reports. Yet,
with a double track nearly to Albany, and every means which ingenuity
can devise, or money procure, at their command, its managers are unable
to meet the demand upon it--its _capacity_ is _nearly exhausted_--and
_was_, long ago, so great is the pressure against our western border,
from the overflowing granaries of the West. From a feeble association,
begging for assistance at the doors of the State House, the Western
Railroad Company has become a powerful corporation. Its certificates of
stock, which, about the time the road went into operation, were a drug
in the market at $40, now command $130 to $150. Yet it is a fact that on
the first day of last November, five hundred car loads of freight were
delayed at Albany, and could not be transported over the Western road in
less time than ten days. And the inability of this road to meet our
public needs, and the demands made upon it, from the West, is no new
thing; it has been so, _for years_, though four competing lines have
opened since 1850, which, together, transport about the same amount of
through freight as the Western road. The bridge over the Hudson at
Albany, the completion of the double track, and better management might
afford a temporary and partial relief. But if these improvements had
been already effected, they would not have prevented the freight
blockade at Albany last fall.
Public-domain text, read in full here on John Shaqi.
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