The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-09-14
= Ey dividend.


causss. become filled with hope Ths creditors Of the
delinquent States look for provisions being made
their demands and the State authorities for the adoption Of
some measures enabling them to carry out the duties of
their Offices At present oil eyes turned towards
Pennsy vana with the hope that the provisions made for
tho prompt pay mont OF tho interest the indebtedness
may result intended Should that dsappoint the
expectations of its creditors, and the adopted
prove Of no avail in collecting sufficient
ner payments the little remaining confidence In state
ditor State faith would he forever destroyed very few
days will suffice to tell he story from which shall be
able to date the recovery he csmri.e downfall Of
State credit The sale Of part of The public works Of
Pennsylvania has proved abortion An attempt to sell
the main line fear will result in tho manner but
most OF ALL every has to fear the result any
attempto collect additional taxes The public works Of
Pennsy have been productive this year than
before Upto the LIST OF August 1884, the receipts
reached STA eol against $6379 up to the last
year This gives increase in of $l40 e22
the total receipts are very small compared with the in
come from the public works Of this State chunge in
the administration of the state affairs may have very
favorable effect on the productveness Of the public
works. We are assured that revsal of the tariff of
tolls anda reduction in the would do towards
increasing the revenue from that than anything
else Produce 10 attracted in other directions by
favorable terms of transportation and the income of
Pepnsy vania becomes reduced It only BY the in
creased producveness of the public works of the do
nquent States that the interest their immense debts
will ever be lifted promptly paid It will be
done by taxation. Legislatures may pass tax laws
upon tax laws-hey can be enforced The
people in many States have repudiated once, and
any moral influence their minds regarding this
subject is out of the question, and tho attention
OF the delinquent States must be turned to their
works Of internal improvement and their productvansss
increase ia every possible way Pennsylvania Is
avorsby situated in this respect than many other den.
quent States Her public works mostly finished and
in active operation while those Of Indsna Illinois, and
Maryland require large OUTLAWS perfect and place them
in state to produce much profit The of
nois have returned home and awaiting the result Of
their negotiations made in Europe We regret to learn
that the loan required depends upon many contin.
gsncies that it probably will be obtained It de-
ponds entirely the Of the Legislature next
winter The bondholders require the levyng Of
pay the interest the improvement debt st. Louis
journal says that this provso will be fatal to the whole
scheme and the English capitalists may as we'll keep
their money at home. The Legislature of Illinois vii,
not at its next session make any provision or the pay
ment Of the interest on any portion Of the public debt
Mark that" This is the feeling sppears in that Sec
ton OF the country and have doubt the result i'll
be as here predicted. The commissioners of illinois,
IN connection with Gov Davis have not left stone un
turned in their Efforts to fulfil the object oil their mission
With the strongest prejudices contend sganst on the
other side and secret influence from this side against
them to stem they have accomplished every thing that
perseverance, energy and honesty OF purpose could anil
if the negotiations finally fall to the ground AMI the loan
be not obtained be solely attributed to the refusal
on the part Of the state to ray the made
BY the commissioners, by not imposing required tax
The public works Of Mary land rapidly increasing
their receipts. To this of eysnue the public
creditors must lock- the extent Of the income from
these works depends the ability pay. Indiana OF pre-.
sent depressed by immense debt from which there
10 escape and the interest which will cripple her
treasury for years We prospect for the payment
OF the first dollar for long time.
the Directors of the Hartford and New Haven Rail
road Company have declared semi annual dividend OF
two per cent payable demand The annual report OF
the Directors presents the annexed statement =
HARrvoRD AVID Nsw HAVEN RAILROAD
The gross ga nings OF the road for the year
'sss, were; ...'.''...... .S99 6S2 20
r or the year 1915 81, Is6 II
Increase over Last year. ............. SO 343 %
The EXPENSE oil operation and ordinary
pairs for the year, 1874. S32 1873 AZ
Fur TIE year losJ 81 500 ~
decrease this year.. .................. rs 05
Expenses Of renewing IS miles Of track .SI673i SIS
tits sssmated that the receipts OF the road Tor the next
will be about saoo oc and the expenes $50 ooo lea
wing surplus 81 slao 0W--.qual TO seven and a hill
per cent on the capital stock Of the company.