The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-07-02

hsfeTs suy payment Of sthsr viii be uusds upcn the
canal stock issued to non-subscribers
me rght Of all bondhoders to subscribe to the loan
hundred thousand dollars and receive preferred
"a. s.ocR continues until the first of November NEXT
put there Is no limit the time within which bond
may surrender bonds for the other stocks is
sucn payment, will entitled to cash payments for
any part interest but Of Int
into the stock designated above AZ indiana STATE Two
stock. 70 ~-'' 'Ps"'~
Thus In order to receive the payment of
LIST July next the bonds be funded prior TO that
difference being in the value of ten dollars In two n
half per cent stock drawing interest after 1883 and in
The first semi! annual cash payment of interest hsng
two per cent on the stock designated indiana State
Elves win be made in this city by the State agent on
the LIST day Of July next and each bond Yields Ave
hundred dollars Of this description Of stock it amounts
to ten dollars each
Your committee consider that in all contract, nnou
time the obvious rule is that the buye- Ia entitled 10
all the accruing benefits, dividends or rights that
accrued may be avaed OF by the holder of the
stock 80 bought and that In this instance il the hu
shall signify ut any time before the payment of the cash
dividends, that he wishes the bonds funded into new
stock that he will be entitled to the stock and thu cash
dividends that may have accrued upon them or an
equivalent in cash this equiv lent in the in cues
ton, is equal to seven dollars each bond which
amount by estimating ten dollars Of and half p.r
cent stock interest payable from 1885, worth thirty Der
cent and we therefore recommend to the Board for
Resolved That In all time contracts the delivery of
Indiana bonds the purchaser giving previous notice to
the seller Of his desire fund the into socks
shall BE- entitled to them and to such cash payments Of
interest may have been made during the Of the
contract the seller falling to furnish the stocks lieu
thereof and delivering the bonds upon the contracts un
der this notice. shall make allowance of dollars
each bond for each interest payment that shall have
accrued during the existence fsuch contracts
And that upon all contracts made prior to LIST Noyem
Der next and falling due after that date the buyer shall
nifty In writing to the Seller his desire to become sub
Which is respectfully submitted
Nearly nine millions of dollars (S9ooOoOC have been
subscribed, and old bonds surrendered This leaves
only about four millions Of dollars (S4 0O0) uneon
verted.
The revenue OF the State of Indiana for the year end
ing October 3lst 1885, 1898 s6l and the expendi-
lures for the same period So leaving surplus of
S224724 al applicable to any payment Of the
State debt The completion of the canal to the Ohio
river, must add immensely the revenue of the State
from that work. and few years will suffice to place the
credit of Indiana high rs it was Her popula-
lation is increasing very rapidly her fertile lands are
being rapidly brought under cultivation and VIZ see
nothing calculated to prevent Indiana from becoming
one Of the richest and most prosperous States in the
Union.
The exports Of produce from New Orleans for foreign
countries for the ending June 10th inclusive
annexed -
COMMERCE OF New ORLEANs-AGRucuLruRAL Exronr,.
For EngandCotton, 5000 bales; -four, lO,4sa bbls
l2o bbls; pork 4l9 packages; bacon 4s casks beef
bbs.; peas, 60 bags; slaves 5a2O.
For Ireand-Corn, III 1871 bushels wheat 1924 sacks
Flour, 1921 bbs corn meal, 26l bbls beef 100 bbls
pork 100 bbls; hams, So bread 44O bbls staves 1000
For Francs-Wheat, 1884 bushels; rye 10 sacks
flour Cos bbls corn meal 900 bills; lard 81 bbs bees
wax, ID tcs.; slaves, 40 900.
For Spain-Tobacco, ll4s hhds.; slaves, sooo
For Russia-Cotton ll47 bales.
For Germany-Tobacco, 44e hhds, 81 boxes; cotton
253 bales moss bales beef 81 terces lead 100 pigs;
For Aaly-Cotton IS bales; tobacco, lol5 hhds
stavss 1000.
For French West Indies-Flour, 1867 bbls corn meal
700 bbls; beans, 25l bbs peas, IoI sacks beef III
bills; corn 52l sacks.
For Spanish Vest Indies. Havana Corn, l3 4s2 bush
2Os7 PACKAGES talow 20 tierces candles ~ boz
es cheese, 20 boxes; starch 81 boxes.
For GratGmala..Pork, 81 bbls; -four, s45 bbls wills
key, g bbls; hams, cask.
Value ut this date, $753,065
For the same time there was exported Of Breadstufs
LOT ports coastwise north Of HatterasOf % ST.
SACKS OF wheat 1919 sacks; Of oats, 400 Sacks -four
, 3,2l5 bbls ~
New Orleans goes ahead of New York in shipments Of
breadstus to foreign ports. We export greater guam
tity to Great Britain and Ireland but the aggregate
shipments from New Orleans exceed the aggregate o.
this port very materially.
The several railroad companies between Albany and
Buffalo reaying the road with the heavy iron rail-
fast as iron can be procured The Utica and schsneo
tady Company have about three hundred men constant
ly employed and will probably have the new rail all aiG
within twelve or fifteen months This company is als,
grading additional track by the side Of the old one
The Syracuse and Utica Company have large force EN-
poyed, and will this relay with heavy rail thu
track from Rome to Utca-hftsen miles. The Auburn
and Syracuse Company have commenced putting down
the heavy rail- and will finish much a. possible th
season. Tho Auburn and Rochester Company pre-
pairing to lay down the heaviest iron rail In the United
States and will probably not be behind the other road
In carrying 1t to speedy completion. The Attica
Buffalo Company are preparing to lay down much o
the heavy iron they this season. and viii complet
the whole in another year. The Tonswanda Company
intend to relay their track between Batavia Attcs
with heavy iron rail during next summer, and to pu
dowd the heavy rail between Batavia and Rochester
soon afterwards as possible.
From present indications, the entire line from Aban,
to Buffalo, will be reaid with heavy iron by the fall o