Eventually, the area recovered and continued to develop. The Hudson River Railroad reached the settlement on September 29, 1849; the first passengers on a regularly scheduled run through the village paid fifty cents to travel from Peekskill to Chambers Street in Manhattan on September 29, 1849. By 1853, a ferry ran across the Hudson from Dearman to Piermont on the west bank, the village had a population of around 600, a hotel, six stores, a lumber yard and around 50 houses, and the hamlet of "Abbotsford" – which would later become Ardsley-on-Hudson – was forming along Clinton Avenue.