The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-03-20
,srIc EXCHANGE, MARCH 10Th. 1874.

There Is considerable competition gong on among me
eastern railroads. As the advances and travel in.
creases the different lines adopting plans to advance
their own particular interest There has lately been some
trouble between the Norwich and Worcester Railroad
Company aud the owners Of the line Of boats that
route The boats allowed much for passengers,
and the amount they demand per head will only
leave the road about fifty cents per passenger fsr trans
porting one hundred and four miles The fare through
from this city Boston, all the routes must he on
par or the lowest will monopose the travel The nume
rous modes of in that direction leaves the
spirit competition opportunity to operate The Nor
ich route has all along been considered unfortunate
the part of the projectors The New Haven route
is much more direct the sonington route is shorter
rhe Norwich road divides these routes without CIV
ing an additional advantage either in distance price
To give the boats that living profit the road
must reduce the price Of passage enormously, and the
least ruins the prospect Of relief from its heavy
Indebtedness.
The Long Island Railroad Company have called for a
further instaiment Of So each share, payable on
| the 5th Of April next
Counterfeit SIS on the Bank Of Smyrna, Delaware, have
made their appearance The engraving OF the lace oil
| figure in vgnette is poor and dark.
The mporations into this port continue very large
Within week past, several packets have arrived, with
very heavy cagoes The receipts from customs still
very large The from this source from January
| ist to March 10TH :sl4, have been as follows;-
| January. 81 $40 6l5
February: ;.'.'.''..'..'. i ,os a ddo
March LIST to l9th,. I,i2o00O
Sol7372o
If the receipts for the remainder Of the month of March
are ia the proportion those for the early part OF
the month"; the total for the quarter will amount
nearly six millions Of dollars The for March
will probably equal that of January The vane OF the
E,rt . nj Apr Will
not vary much from twenty millions Of dollars.
The bill for the sale Of the line Of the public works
of Pennsy has passed the Senate The bill provides
for the incorporation Of company with capital oil
$40 The stock to be 500 per share to be sold al
auction at not less than par value the payment ior wnch
TO be made in State stock Five dollars to be paid on
each share the time of purchase the total amount
should not be taken in three months the instament will
be returned All banking privileges are prohibited Inc
company to charge and receive the oa anc
have the exclusive right all the motive power-th'
line, however, to be public highway Tor all persons
with horses boats &c. pa, ing toll under general regua
tons The state reserves the right to resume the works
at the end Of series Of twenty years from the time
forming the company bypaying to the stockholders the
amount of stock at par with twenty cent thereon
in money.
Counterfeit 20s the Union Bank Of this city il
circulation The engraving is bad but the signatures an
well filed in The exhibited numbered 2i36, let
ter b. pay able to w ioyt, dated Sept lsil signed
Ebbits, Jr Cash'r, + Demng, Prest.
The Pbnnix Bank of Columbus, Georgia, has sxplo
ded. It was Of those rotten institutions, which ha
been propped up from time to time. shcrt time since
the changed from the Farmers Bank OF Chat
tahooche" to the Phnnx Bank" with the hope OF I'M
proving its credit deceivpg the public by eSchang'
of name The ruse did not succeed, and the' tos'oi
could not be prevented The Merchants Bank y macoh
another Georgia bank, formerly the DUNK
iawknsville" The last Legslaturcof Georgia aiowe'
the insti uticn to take name notwithstanding 'n'
many remonsrances presented against it, 'u' the peop
are pretty well acquainted with the condition OF the con
Germ BY dropping the old name II could not throw Oh
the suspicion that hangs about it.
The various forwarding agents a. the West getting
up grea. competition regards rates OF tolls Buffalo
Is arriving hard to secure the Western trade The south
.rn route through Pttsbug is monopolizng the car
ryng trade The prices OF freight by this route to Phia
dcphia are follows:-
Groceries, per 100 lbs 81 l2s Brown Mn lin in bales,
! Qussasware ~ Hardware, 2