Cape May Ocean Wave, 7 June 1860 IIIF issue link — Page 2

CAPE MAY COUNTY OCEfN WAVE, CAPE ISLAND, NEW JERSEY.

headed informutiou. They know from experiMee, and that the best of experience, nabely the expA^nce gathered in the furrow, the nature of the work their hands are called upon to do, and although often bj no means^aeftl in speech, still it is from their efforts peculiarly, that we look for steps in the right direction. Whatever one of these favors ns with in the way of information we shall certainly prize ns should. And if a brother desires to join with us whose gifts are limited, and whose range of observation is narrow it will be our.particular province to enlighten

to .the-best .ef Durability.

For clearly enough it is from no personal aims that we are acting, bat from a c - mon wish tor the welfare of all. And arrivipg at this conclusion thus, we believe our path to be the right one, our interest beneficial not only at home but abroad and our truest service elicited in the welfare of Our county in the cause of One who reigns

over us all.

quidaiing the interest which they have hitherto been unable to pay. From tnese statements, our readers (and especially the editor of the Atlantic Journal) may understand why we have express ed some scruples in regard to that company being a responsible party to a contract for the payment of seven per cent, on the cost of the proposed Cape May and Atlantic road. The Cape May and Atlantic road, if built with proper economy might, for ought we know, pay seven per cent., but we cannot see why the stockholders would be any more safe (and not even os safe) by renting the road to the tfamden and Atlantic company, as they would if they kept

it in their own hands.

Now let us change the picture ; and suppose that the Camden and Atlantic rout had boen built with due economy, and without the effect of revulsions and crashes, and had cost only about $600,000, instead of some two-millions; (and. indeed, this is all it ought to cost) and what would have been the result? Why, at first of course it would pot have paid expenses, from the simple fact that it had to buildup a business for Atlantic City, before it had a business for itself. But, with the steady Increase in business which it has enjoyed, it would long ere this have paid up its back arranges, and would have been to-day an excellent investment. There has been stock paid in, more than equal to what the road ought to have cost, under favorable

circumstance^ and witn economical manIn several recent issues of the Ware we- ^gement; leaving no necessity for an enor-

CAPE MAY OCEAN WAVE

CAPE ISLAN>

J- 8. IiEACH, - . . Editor, S Publisher and Proprietor. ONE DOLEAli l»Elt ANNUM!!

Thursday, June 7th, 1860.

CAUSES AITS ATLANTIC RAILED AS.

bare spoken at considerable length ou the railroad question ; and, among other matters, we have adverted to the Camden

mqus debt, on which there has ever been

increasing interest.

Lost year the net earnings of the road

end Atlantic Railroad. We have said that j was $66,453 60, which is more than eleeen that road hod been a sinking concern, nev- J per cent, on a capital of $600,000, the ne-

er having paid the stockholders a cent. Now, perhaps, we hare been misunderstood on this point, those remarks having been made iw a general way. Si me may have understood us as meaning that that road had not, iu any year since its construction,paid its expenses. This was not our meaning. We simply meant that the roud hud not paid more than its running expenses, repairs, Ac., taking the whole time together since its completion, and not even that We were well aware that the road had paid its expenses for some two or three years past, and even more than its expenses, so that thq company have been able to puy off some of its interest, though, if we are uot very much mistakeu, no dividend has

over been declared.

Wwwere well aware, before informed by the editor of the Atlantic Journal, that

cessury cost of such a read; and more tin this having been paid in, there would, we have before stated, been no back interest on d*>bts to be provided for ; and. the stock would now be worth a handsome ad-

vance on the original cost.

We argue that that rond should not have cost more than $600,000, from the fact that the Millville and (jlassboro' road (which is nearly enough completed to arrive very nearly at the whole cost,) will not even equal that sum. in proportion to its length, and the cost of the whole road, when completed to Cope Island, will, in the same ratio, be less than five hundred thousand dollars. Now then, with a business alreajy made at Cape Island, and a well populated country all along the line of the road, instead of a barren wilderness, as was the case along the line of the Camden and

thii built in troublou. titn.e, uni | '-"“l “ b * t °»Sbt tbe Millville j . i ll .i -. ... and tila'shoro’ road to wav. whon r-nmnlo.

under troublous circumstances; that its prosperity had been seriously affected by financial revulsions and crashes ; that its bonds bad to be sold at enormous discounts, in order to carry on the work, and meet, as well as it could, its obligations ; and we are erell aware, also, as we stated, jast week, (hat the work was rushed through, under all these difficulties, with a commendable energy and zeal; and, perhaps a little more than commendable energy and zeal ; with the expectation of building up Atlantic City; and tbe road being built under such circumstances, necessarily cost, as we have stated iu previous issues, an enormous sum; and it would indeed be a wonder if it ever paid six per cent, on the whole amount invested, both in actual cost and losses. The length of this jood is about nitty to sixty-thtee miles. The cost of conwtruc-

• lion and eqipments is reported at a, triHe

less than one million, eight hundred thousand dollars, while the road stands tbe com pa. ny iu, (iocludiug, we presume heck interest and running expenses, which The receipts were not adequate to meet) more than two millions. Off this sunt, only between six and seven hundred thousan4 have been paid in, leaving a debt, on which interest is constantly accruing, of mere than one million, few hundred thousand dollars. And how'isthis debt, or even tbe interest ou it, to be paid? That's the question. The interest ou $1400,000, at six per cent, i*$S4,000, while the highest net earnings, for any year, as per published reports, is less than $75009 which leaves a constantly increasing debt, and, consequently, a constantly increasing annual interest to be paid. Now this view, in the opinion of some, rosy render the prospect of the road a somewhat hopeless case. But let it be understood, that the earnings of the road are annually increasing. When first put in operation, the receipts did not pay the running expenses ; but there has been a steady increase, until last year tbe receipts exceeded the running expentws, by a little less than $67,000; and it is to be hoped that the receipts will, hereafter, b« constantly and steadily increasing, until the net earnings will exceed the ruuning expenses by a aam more than sufficient to

d Gla-sboro’ road to pay, when completed to Cape Island, the length being about the same os the Camden and Atlantic road? 1'hal the stock will be a good investment, seems to be au inevitable conclusion.

THE BOARDING SEASON

Another year having quickly rolled around, we are brought to the eve of another boarding season. For the last three monlhs active operations have been going on iu the way of preparation. Every mccbanic has had his hand* full, and almost tempted to divide himself iu two, that he might work in two places at the same time, and thus answer the pressing demands of two of his friends. The prospects of a good season are promising. A large number of cottage families are expected this week and next, in addition to those already here ; and, in two or three weeks, the dull monotony of life in the country, existing here during the winter will be changed to Tbe stirring, bustling, whirling gayety of fashionable life at a watering place—a change which none but those who have ex perieaced it can realize. The New York steamers wilt probably commence their daily trips next week ; and Capt. Wbiildio will soon follow with two good steamers, thus giving us two d^ily Hues between here and Philadelphia, and one to New York. The wharf of the New York steamers has been completed, as we announced last, and iheir boats have all been thoroughly overhauled. Capt. Whilldin will have his

wharf ready in due time.

Columbia Hoi se.—We are glad to learn that Mr. Laird, formerly of tbe Franklin House Philadelphia, and our neighbor, S. B. Woolm&n, formerly of IherMoupt Vernon Hotel at this place, have leased the Columbia House for» a term ef years. Thorough repairs tpre been, and are still being made, especially iu tbe kitchen department. which is to be entirely remodeled and supplied with steam engine f-c. The house will be thoroughly refurnished ; and the reputation of the gentlemen in charge warrant the conclusidn, that the ‘•Columbia" will be deservedly popular, under their

management-

FROM CALIFORNIA.

The latest news received from California is of considerable .importance. The Indians had murdered a number of

Buy Your Clothing

AT JESSE M. SMITH’S, NEW CLOTHING STORE.

were asleep, wkich caused a greet rrcit. |

ment, and various companies organized at READV-MADE CLOTHING, Virginia City, Gold-Hill and other settle- i GENTS’ 1-TXRNISHING GOODS, menls in the Washoe mines, and started in j HaTS ami CAPS, pursuit of tbe Indians supposed to have I j unc 7th^ U i8e^ pen u !U ' d re8dVf ° r Ss * e ’

committed the bloody acts, under the com-

mand of Major Ormsley.

On the 12th of May they come upon the Indians at a bend of the Quicku river, iu Carson valley. The Indians were in "ambush at a narrow pass through which General Ormsley's party were proceeding. They numbered 500 teen, with a plenty of amunition and fire-arms, and about 500 horses within a con venient distapee. From theiir safe hiding place they opened a fire

upon the troops.

Major Ormsley ordered a char^, but the Indians skulled and scattered behind the Rocks and bushes, firing and doing damage,

but suffering in return.

They fought in this manner about two hours, when tbe amunition of the Ameri-

Kor the “Ocean Wave ” Mb. Editob:—Your account of the Ag ricultunl Society was correct, and the columns of the “Wave" are too valuable to admit of a repetition. I will only add a little. A communication was received from Thaddeus Van Gilder accepting his office as one of the Executive Committee ; regretting he could net be at the meeting, enclosing a dollar,'the fee for membership. Wm. L. Tiffany was elected correspond-

ing Secretary

The following are the persons elected to make regulations and determine the objects for which premiums shall be awarded, viz ; Thaddeus Van Gilder, Kbenezer Westcott, Wm. L. Tiffany, Jeremiah Nixon, John

cans gave out, and the Indians seeing this, j '' ''•‘S’' f ’P nn S er * George Hildreth,

ruslied upon them, pouring forth volley af ter volley, and killing many on the spot. They pursued them 20 or 30 miles, citling

off many parties.

The stragglers came into Virginia City the two following days ; but could not report the exact number of killed, although about fifty was thought to have been lost. The greatest excitement prevailed ip Califoruiu, and companies were being rapidly flltedaont for immediate actio*.

$irBy reference to nn advertisement in another column, it will be seen thfct the sloop L. F. Peterson, continues to make her trips betweeen this place and Philadelphia. We have been on boord and examined this vessel, and have found her ac-

commodations to be excellent, for the carry- , and By-Laws in the ‘Ocean Wave.’ If there ing of freight and passengers. j is not objection made within two weeks af-

Mr. James Me T th L' “ P" bli ' b '" i . “ b “ to

the office for publication.

Moses Williamson, Jeremiah McCray, Jno.

West.

This committee was instructed "to examine a field of wheat or an. other crop—for which a premium will be awarded—that will mature before the time of the exhibi-

tion.

The committee to procure speakers was re# ppointod. Thanks of -Society were-leg d - ed to Mr. Tiffany. Meeting adjourned to meet the first Saturday in September, at

2 o'clock, P. M.

It is desirable that every %ne electeo to any office will accept it, hut if any one cannot, he will confer a favor on the Society by informing the Corresponding Secretary. Several- of the members and others requested the publication of the Constitution

■iTBy recent Karopean news, we learn that Luiy Byron, the wife of the Lie great poet, died at Lnodon. on-the 17th of May. She was in the^Cfith year of her age* Somcthing New.—Read tbe advertisement of Jesse M. Smith's new clothing store on the Mansion House property. K^The printers return Mr..N,C. Price their compliments, for the Strawberries left at this office a few dys since,Tor them.

PORT OF PHILADELPHIA.

ARRIVED;—May 31.—Schr J B Dickenson. Smith. Koxbury; A Rogers Corson, New York; Lizzie Taylor, Taylor! do; John It Plater, Gaudy, Boston; Hannah Willetts, Cramer, Salem; Antaras Corderi- do; N Holmes. Hewitt, Provi-

dence; Re venue, Candy, do.

CLKARED.—Schr Revenue, Gandy, l rovideuce: J B Dickerson, Smith, Boston; John It Plater, Gandy, do; Lizzio Taylor. Taylor, Lynn; U &T Cramer, Huatley, Pawtucket; N Holmes. Hewitt, Providence; Hannah Warwick, Shropshire. ARR1VKD June 1.—Schr J 8 Welliin. Smith. Cornwallis, NS; Mary E Smith,

Smith. Darien, Go.

CLEARED.—Schr Jacob A William, Matthews, Portsmouth; A Corderv, Bab-

cock, Boston.

ARRIVED:—June 2.—Schr Aid, Endicoit, Boston;. L S Levering, Corson, do; J Wuinwright. Corson, do; War Steed’ f Smith, Providence; Adelaide, Young, Sa-

lem.

CLEARED.—Schr E L B Wales. Hoffman. vv'ilmingtou; Aid, Endicott, Boston; AdelaidepYoung. Salem; Win Loper. Itob- : insun. New Bedlurd; S "V W Simmons, | Godfrey. East Cambridge; War Steed, i Smith, New Bedford; L S Levering, CorI son, Boston. A It Rl\ hi):—June 3.—Schr Alert, 1 Champion. Boston; David E Wolf, Russell, Boston; Cbns Moore. Ingersoll. Providence; llobt It Corson, Ludluni, do; Arietta. Robinson, Itondout; Sami B Ashmsad, Young, NeW London. CLEARED.—SchrC Moore, lagersoll. Pawtucket, Alert, Champion. Saugus; K Corson, Ludlam, Charleston; Sami B A*hmead. Youngs, New Loudon; Arietta, Robinson, Norwich.

Mbbchant Tatixmljpartney, at Cape May CourT House, has received a new stock of Ready-Made Clothing, and also a fine assortment of Cloths, Cassimers, Cnssinets, Ac. He is now ready to dress tbe people either with ready-made goods, or clothing made to or-

der. Give him a call.

'OonnETTioN.— Irf^our editorial article on the Cape May and Atlantic Railroad in the Wave of last week,' in correcting the proof, the third and fourth lines were trans-

AARON MILLER, Pres't. Fbaxk. Whitaker, Sec'y.

Green Creek, Mag, 1860. For Ihe “Ocean Wave.”

Caj-e May C. IL, N. J., May 31, i860. Editor Cope May Oceiih H ace ; Dear Sir :—In your paper of this dale Ij notice under the head of “Railroad Meetings," some editorial ren arks in regard to curtain election dffcirectors of the “West

posed, making somewhat awkward reading. '^ ar8e J Central Railroad Company," held at Please read the fourth line for the third, ,he house orJohn Dougherty, Cape Island,

Sabbath School Festival.—The School connected with the Methodist Church, a*t

'.(hi! place, intend bolding,Ibeir animal fee- i M„ alj, Hail Itoad Holel. ja&i Ileal on tbn 13tl. in»l„ in tbn s rovn nenr j den, N. J„ For the pnpose of .l.cl.ng a J ani< * 8 D-H 0 Phv8- ! President, Secretary and Treasurer. $S"Why will tou Scffeb ?—Dyspepsia i II a PP eari ' b y this . that I must have been is .v brief, but comprehensive term for the one t * ,e Directors elected al said 'muet-

rAn offer is made to farmers, who J»_buy or exchange Corn,'Sheep,

debts, and enable i finite'* low priced horse. Call on Rich.

Ofc company to do somethiog towards ii- j ard M. Ctawford al tbe Court House.

and the third fourth.

E. H. Eldrtdgk, Fashionable Clothing, E H. Kloridge, Fashionable Clothing, E. H. Eldridge, Fashionable Clothing, .Small Profits and Quick Sales, Small Profits and Quick .Sales, Small Profits and'Quick Sales, N. E. cor. of Eighth &. Chestnut st., Phila. N. E. cor. of Eighth & Chestnut st., Phila. N. E. cor. of Eighth & Chestnut st., Phila.

the 12th inst., wherein you state as follows, viz.- “But we find that the persons said to have been elected ou the 12lb inst. are not the same as those which we previously announced ; gnd wo euRnot Under stand why the Company require two sets of Directors. Con any ahe explain to us'tho mystery?" On Saturday last I received a latter from John Dougherty, addressing.me as a Director, stating that a meeting of the Board of Directors of said Company w-ould be held May 29th, 1860, at 7 o'clock: P.

whole system. Until Dr. Greene discovered the Oxygenated Bitters, medical science had exhausted itself iu vain attempts to

cure this disease.

O'By Divine permission, services will be held in Methodist Episcopal church at this place, this (Thursday) evening. The Rev. Mr. Pefry, the Presiding Elder, is expected to preach. The next Quarterly Meeting of the church will take place next Sabbath. O'Call Accepted/—The Rev. Wm. Swindea has accepted the call of the Baptist Church at the Court House to become their pastor; and, we understaud, is expectetfTETenter upon his lubora next Sabbath.

0"A meeting is to be held on the 7th inst., at the hotel of Wm. J. Royal, Tuckahoe, by the people of that place, to make arrangements for a grand celebration on the Fourth of July aomiug. O' Any person wishing to rent a cottage, pleasantly situated near the beach, and lately furnished and painted, can do so by calling on Mr. Geo. W. Smith, Cape Island. See advertisement. O'Our fanners seem to think that we were somewhat mistaken in a notice some weeks ago, in regard to tbe peach crop. They say the prospects of a good peach harvest are not very flattering. J*Wm. J. Gallagher calls the attention of buyers, to bis boot and shoe store, 118 South street, below Second, PhiladelphiaSee advertEemeDt in another column.

ing on the 12th inst. Ifsuch be the fact, I would beg leave tossy that I was elected teithout mg knowledge or assent, they having no right to use mg name for any such purpose, anq I would further beg leave to s«v that l positively decline stnuding as such

Director

Respectfully yours kc„ JONATHAN HAND.

At Swedesboro', Gloucester Co., N. J., on tbe ISth’ulL, in the 37th year of h*r age. ELIZA B. CHEW, wife of Nathaniel F Chew, anddaugterof the late Thomas Bees ley, of Beesley'a Point, Cape May

co., N. J.

At Cape Island, May 30th MRS. HANNAH, wife of David W. Piereon, in the 38th year of her age. "She sleeps in Jesus, but will rise » To meet her Saviour in the skies. At Cold Spring, February 22d, MR. DAVID HAND, in the 56 year ot his

SABBATH SCHOOL

FESTIVAL H

T he n. k. sabbath school, cam HMnd, will hold their Annual Festival in the rrorr of Mr. James K. HuRhes, buck nf the old slU of the Sms of Temperance Hmll. Cold Spring, next Wednesdnv. (June Uth.) Meet st the Churrh at 8 ■'clock Iu the morning, and start at hnlf-paat eight. The arrangements of the day the same as hut year. A Refreshment Table will be on the ground, the proceeds of whichdtill he applied to the beneflt

of the Library.

Ministers, and Superintendents of Sabbath Schools

are cordially invUed.

. Provisions to ta- left the nrevloua evening at A. (^-irretson's, Geo. W. Smith's and Jeremiah L'd-

GFORCE W. SMITH, Sujwrin't.

June 7,1680.

Cape Island and Philadelphia PACKET SLOOP. C apt. M1CAJAH SMITH, (fonneily of the sloop Princeton.) continues to run the New, Favorite and Fast sailing SLOOP L. F. PETERSON, between this place and Philadelphia for freight or passengers. This vessel is ^unsurpassed for strength, and excellence of accommodations, fey'any vessel in the county, having a Une cabin, state-roem, he. - —»e 7,—im. J

TO RENT:

B A FINE COTTAGE, situated on Jackson Hist., near the beach. The House has been newly arnUlirtf with tbe latest styles of Cottage fumtre, andf|n>|»rred and painted throughout. There is a Lawn and good Well of Water attach-

1 to the premises. Rent reasonable.

Apply to GEO. W. SMITH. Washington street, c U~... Island, or to John Fn.:

d street, above Race, Pkll-

SAI,E, or ExcHAaac for COWS; YEARUNGS or SHEEP.

Apply to RICHARD M. CRAWFORD.

Cope May Court House.

The Beard Question—Correction.—In oar last article upon this subject, insteaJ

of reading "Allhoagh II,e lairjind the nat- .CTi’h.T.S.-HitS, S ural oil with which it is lubricated, are non-! 1,1D, Th “ conductors,” read, “Although the natural j June-7?*, isso.

oil with wjii«h the hair, &c., is a non-con _ FOR SALE 1 doctor/’ 1 he fault was tbe writer’s, having «*i a t/)\v PTIIPPT) TrADCV <■ Cipiai the article rer, haatil, r r o„ th. aa". j £

corrected manuscript. Jersey.

GENERAL INTELLIGENCE.

635“Asa Whitehead, Ksq., a prominent lawyer of this Slat*, died at his residence, in Newark, on Saturday week last, of a scurrous affection, fro^p which he hod been suffering for some weeks past. He was 65

years of age.

A very large Lincoln ratification meeting was held in Trenton on Tuesday night week. Speeches were delivered by the Hon. Wm. L. Dayton. James F. Rusting and George A. Goffer. ^During the

evening a salute of one hundred guns was 5 „

fired,'aud the whole affair u-na ■ „i , ^PHE citixrai of Tuckahoe and vicinity are rv ■nroocc " " ‘ con, P ,el0 1 quoted «*meet at William J. RoyaP.Jn Thurebuccess. | day Evening, June the 7th, at 8 o'clock in order to ^sro.. has .riltaa a letUr | “ Staling Inal nis name was placed before the ! An early call enables the committee appointed tor Baltimore Union Convention witho it l.; K : to •ecurc on orator for the oecaaton. rnneent jj„ 11 <>16 and aflonU them ample time to adopt and carry out conrent. He IS willing to be a candidate aH «ueh mtaxure* aa ahall contribute to the Ctlebrafor r resident only on condition that he hr. ' ,ionof the day, in manner commenaurate with Its

party and party couveutiuuSa May aut,i860,

BOOTS &. SHOES CHUAPJCR THAN EVER, Wbolckulc At Retail, at WM. J. GALLAGHERS. 118 South street, below second, Sou/ASide, PHILADELPHIA. AH kinds of Repairing neatly done at the shortest notice, and Custom Work promptly attended to. )3*Grai, Watch and Ditchwo Boots always on hand. J

June 7th, 4w.

FOUTH OF JULY !