The New York herald., 1845-01-22
Balance of appropriations not paid. ......... sAs.

Balance Of appropriations not paid $ss7H IS
This presents favorable balance than the last
statement but this does not show that all the Febru
ary interest be paid in cash. The bill which passed
the lower House Of the Legislature authorizing the pay
ment Of the interest," rests In the Senate and will not be
acted upon until after the Inauguration Of the Governor
elect Tho views Of Gov. skunk this question, are
pretty we'll understood from the tone official organ,
and we have no doubt his policy will be safe in
lation to this matter.
The attempt to sell the main line Of the public works Of
Pennsylvania has far proved aborve, the sixty
days within which they must be daily offered will NO
doubt pass away without finding purchasers The State
will be compelled to retain possession Of s public i'm
provenents, and make them productive ~ possible
the meeting of stockholders the Western Rail
roed TO be held at Boston, the 22d instant they will
be called upon to decide whether 1t 10 their pleasure to
divide semi annually the real earnings Of the road not
fthey decide in the affirmative the dividend for isls
will be about six per cent; whereas If they decide in the
negative, will be only four If Is their pleasure to
divide six per cent then IL il proposed to carry this wish
into effect, by creating and selling annually $50 900 OF
stock to represent tue $50000 which annually
to be paid into the sinking fund Tho sinking fund under
this plan Is to remain undsturbed and to
late by the annual payment Of OOo and by it, in
crest, precisely the II the proposed law had
aot passed. Under this plan the State will receive
he stock ofths corporation.
memorial Of those holding the bonds issued by tie
state Of Louisiana in favor Of the Citzens Bank Of Lou
sana, has been presented to the Legislature of that
State, representing that the st August last the C
zens Bank having for the fourth time neglected reus
ed to make provision in the city of Amsterdam at the
counting house Of Messrs. Hope Co. to the inte
due the bonds issued in ts favor by the State Of
Louisiana required by the oct Of incorporation Of said
Bank approved s0.h june 1885, the bondholders have
again been under the necessity Of entering their protest
against the State Of Lousiana and said CzenG Bank
That by this repeated failure the part Of the State and
the CiizsnS Bank to provide for the interests said
bonds as msturng the interests have accumulated the
amount of s62s oss TO- and must still continue to accu
mulate the palpsble injury and prejudice Of the bond
holders 90 long said Cxsns Bank s made by law to
receive in payment of debts due IT, s unmatured
bonds debts.
This Is form adopted bythose parties to keep their
demands before the people Of Louisiana. can have no
effect on the Legissture as that body never can b
FASTENED in their movements, particularly when the in
debtsdness Of the State ID the subject agitsted.
Perhaps there stock In Wall street that nucuates
much in which there has been much speculation
for long time the Norris Cansl Within the pest
year. quotations have advanced several hundred per cent
This has. for time past been In the hands
Of receives who, in llquidstng the liabilities OF the
Company, came into possession Of about thirty-four
thousand Of the forty thousand shares Of the stock
there being only about SIX thousand shares in other
hands In January, ls the market price Of this stock
was II per cent and those holding the stock manaxed
gstup corner never dreaming that tho stock in the
hands Of the receiver could would come into the
market again Prices advanced very rapidly until In
June quotations ruled at 10 40 per cent when the
nerers that there large lots stocks In
the street besides what they held which proved be that
previously in the hands Of the receivers Many brokers
refused to accept the receivers stock In the settlement Of
contracts and complaints were made to ths board Of
brokers that effect. The receivers Gov. Pennington
OF New Jersey being one-argued that they were author
ised by the court TO the assets Of the bank and in
that authority they issued these certificates a. the capital
ofths company recent decision confirmed this view,
notwithstanding which, the parties engoged In the og
nal did not leavs the field but prvat
agen tn Amsterdam for the purpose Of buying up the
Dutch mortgage effected or$oo0 600 and snoh-
sro Michigan to settle the claim Of that State and to OBJ
tain the asss Of the canal held by that State which was
accomplished at IN expense Of $40 900 Having recently
perfected their arrangements u these things pscu
Iaors pushed the stock they held into the market the
best prices after which, notice given that the sale Of
the Morris Canal would take place at Newark, N. j.,
under the Dutch mortgage which amounted to $500 ooo
At the app inted day. the sale reported to have
been made 81 ooo being hundred thousand dol
lars than the amount of the Dutch mortgage To
make the purchase money the individuals engaged
the operation announced that an assessment oftweny
five dollars each share Of the old stock would be re-.
quired to become tockholder for equal number of
shares in the new company At this time. the market
value the old stock about eight dollars per SHARE
which, with the $aa to be paid, made the cost Of share
the new company, $50 per share This in October
last and many stockholders hcsstcd long time before
hey could make up their minds TO advance the S2s re-
qured the only alternative being forfeiture Of the old
tock BY the appointed time the twenty-five dollars per
share were paid mskng the million dollars represented
to be required to obtan full possession Of canal 10