The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-03-13


Dssi.ss s Sesa sssa sass s
Total. :. .sLus,ssa slslis,7ss snOlO,as7 ssua.iOl
From isAa to 1884, the imports for January and Feb
ruary increased about two hundred per cent Since
ls44 the mportations have been steadily declining as
exhibited in the above statement.
The aggregate importation in 1913, was valued at
49, 693 in lsaa, at s74llO27o; and in ls45, at
ses,59sa4e The mporations this year will not reach
those OF last and may possibly be under sixty millons
Of dollars There variety Of causes for dimin-
sbed importation this year. In the first place there IL the
tariff, which must exert a material influence upon our
foreign import trade and restrict mpotatons because
the notifications contemplated for reduction The
supply Of foreign goods, WILL during the present year.
be confined as closely to the demand our local mpor
tiers can regulate. There may be- as there usually il
when the orders from the local importers limited
large importation foreign account, and the market
fully supplied from that source. II might be good
policy for our local importers to leave business this
year. almost entirely to the agents Of foreign manusc
turers, and come in again under the new tariff. The
position foreign affairs has had and must continue
to have very unavorable effect upon the trade of the
country generally. until the difficulties are settled
Mercantile letters from different sections the country
give this AZ reason for the inactivity that exists those
sections, in every branch Of business These things
should not in fact have any influence upon the domes
tic trade Of the country but long there il the
slightest prospect Of rupture in peaceful relations
with any foreign power business will be or less in
juriously affected.
In tho Maryland House Of Delegates the resolution
offered by Mr. Johnson alluded to- has been adopted by
vote Of As to 49, 1t authorises the Treasurer at his
discretion to sell certain bank Stocks and to resume the
payment Of interest on the public debt, after the
LIST Of April 1sA7 This resolution was lost in the SEN
ia nv a ia 0f IN Tha Lac; elo ofM
have, therefore, adjourned without making any provi
sons for the resumption Of the payment of interest on
the State debt.
The New Jersey Railroad and transportation Compa
ny will distribute among the stockholders out Of the
served stock Of said company ten per cent Tor one
share to every ten the shares stock that shall be
standing in the Of each stakeholder at the close
Of the day the 4h of March next par with the ad
dtion of and three quarter per cent az the rateabe
proportion of the earnings Of the road since the last d
vdend Notice of intention to take said stock must be
given at the Office Of the treasurer on or before the
l4th ins and payment made therefor or before the
LIST day Of April next.
The direction of the Morris Canal Company have
commenced thorough overhauling of the affairs Of that
concern, and II there be any possibility Of placing tina
work in prosperous condition. it will be done by the
present energetic president We annex statement re-
Gently made the stockholders of the company by the
Board Of Directors
MoRRn CANAL AND BANKING COMPANY.
Under the old organization Of the Morris Canal and
s. $50 49, solely and exclusively upon the canal and
Of that year. new organisation Of the company was
formed, and stock issued under the distinctive title Of
NJ. :ns5 ;Rs entn
ssy City, i ioa miles and the following the d.
mensons of the old canal:
the width at bottom, 20 feet.
:" at water line, 30
the depth Of water. adapted for
~ the old company received the following tolls:
In the year 1887 900 TONS sss gross recpts
1855 1882 80, sas sss i9 % sss 60 60
These years, will be borne in mind are on an ave-
rage the best and are selected evidencng the capa
bes OF the canal to produce with the lesser
The current average expenses for ten years, ending
Upon the reorganization Of the company II was deci.
ded to enlarge the canal as follows the width at bot
e bou the csuy Ds q = h .st tSs dsp
and Erie Canal that the locks thereof are wider)
80 that the Morris Canal IL now planned and adapted for
The amount expended In these improvements has been
large, and more than was originally contemplated yet
part and the directors feel assured that the future
business over the canal will fully justify them Since
the reorganization the disbursements have been fol-
Amount expended on sections No. 1 to TO- including
Amount expended on planes. land aam:.:s.
engineering, &C. up to LIST Janusry, 1886. $290077 50
Amount expsndsA for 100 new boats, built
Amount expended for real estate. between "'0' %
let January. and LIST March, is4e. ...... 1000 90
Amount expended for interest on loans, dis
counts, &C., (oetween LIST January and LIST
March. 1890. :........ 1856 So
mainly 10 contractors, and which will be
classihed when work il finished. ....... 3l.740 o.
Gross expenditure to LIST March, 1876, ex.
elusive Of of old canal M herein
stated ..........:. ...... $s7i ITO rs
The mortgage to be. payable and to -----
be for: 49,. -. $4,000
fore issued, realized at par, and ex-
penseo on .ne canal. ..$255,o00
TO cover floating debt ofthe company. 10000
To be expended on the canal, between
hist April, and prior to LIST August,
.o,o. -. '..''.......'. iIy'OVO
nosotso ponos. 0OoOO
100000
The certificates for the twenty per cent first paid in
20 De retained by the corporaton and to be for
ieited to ts use in the failure to pay monthly
e sgreed, commencing FIRST April 1916 The corpora
on the privilege Of issuing the $50 900
ponds under this mortgage, within two years from this
usss ne amount OF same being expended within that
peoo the improvement of the canal and subject TO
INC o. ssuPervnion OF the three trustees.
ms agreement to be binding on condition that the
sun Of least one hundred thousand dollars in hereto
subscribed, on or before the LIST April next.
Is further estimated that the local business Of the
canal viii vidsnd on the aggregate cost There
number OF iron establishments on the line Of this
work. which must not only be supplied with coal 10
carry on their business, but must have communication
with this city for the transportation Of their anufac