Proceedings of the General Meeting of Stockholders of the North Carolina Rail Road Company At Greensboro', July 10, 1851, With the By-Laws of the Company, As Revised At Said Meeting
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By the time this letter reaches you, if not now, a law will have passed their Legislature to borrow and expend nine millions of dollars more in enlarging the grand Canal, so as to carrv twice as much as is now carried on its waters, at the same cost, and ■consequently to cheapen transportation probably one-half below present rates. But with the innumerable advantages of the Canal, it affords too slow a passage for our progressive age. A superb Railroad has been laid down by its side from Buffal...o to Albany, and is being extended along the shores of that natural canal, the Hudson river, to the city of New York. This is exclusive of the New York and Erie Railroad, the greatest work of the kind yet completed in the world, which shoots off from the Hudson river thirty miles above the city, and crossing the waters of the Delaware, the Susquehanna, of lake Ontario, the Mississippi, and lake Erie, strikes the latter Lake at Dunkirk, 45 miles only from Buffalo — a total distance of.460 odd miles- A traveller who shall pass by one of these Roads from the city of New York to the Lake, and fail to get through in 16 or 17 hours, and at the rate of 2 cents or less per mile, will be sure to take the other on his next journey.
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