The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-03-31
Total. $3.50


This is about the only railroad in the country, the
receipts of which have fallen off this year, compared
with last Our railroads generally have done very
large business this season. and they appear to be with
some exceptions, of which the Norwich and Worcester
is one in very favorable condition. Railroads running
into the interior Of the country and avsraby located
for the transportation of produce hero this
ried q very large traffic.
The Boston money market is comparatively easy; the
banks have bsen discouRtng to fair extent and good
business paper be negotiated at and eight per
cent. Next Monday, tho Boston banks will asbarse over
half million of dollars in dividends The railroad COM
panies Of New England have been doing good business
during the past winter and the prospects for larger
spring traffic extremsly Asttering, there be
doubt Of good dividends In July and higher prices In the
meantime although Of the stocks already pref
y we'll up and it is thought command higher prices
than is warranted by relative value. It may be. how.
that mono Of them toe high but that Of
hen low taking int view their and pros
psctve advantages
The report Of the Comptroller Of this State in reply
to resolution Of the Senate, relative the available
and unavailable canal funds presents very inpor
ant and interesting statements The total of these
funds they existed the sOh Of September, ls4e,
$3.50 1862 81, OF which $sl4,a4s 90. was in bank
fund stock and the amount due from banks ss93 GA TO-
Tne amount duo from banks which Is Unavailable that
is, which could not be paid in cash. the draft of the
Fund Commissioner, $ass ,e24 81. The principal
portion of this sum, however, will eventually be col.
lscted.
The available means in the hands Of the commission.
of the canal fund the sOth Of September ls4s
(S23O $50 1917 consisted Of cash deposited in banks Of
this sum- s3,4s4 &c was In the Manhattan Company,
bns the balance that time OF the placed there
for the pay ment of the Erie and Champain Chsnanso,
and Oswsgo Canal debts. At the close of the fiscal
year. there outstanding of Chsnange stock, sas-
2as Erie and Champlain stock, $as,l4A OF Oswsgo
stock, ssl 0ss ss-Tetal, $50 424 So.
The holders the Erie and Chsmplain canal stock had
been notified that pay would be made to Thorn tho
Ast Of July, ls45 and that interest would be paid
after that date and has been paid The
was taken with the Chsnango stock, which was due in
January 1s4S and with the Oswego which was payable
IN July ls4s This balance therefore egsrdsd as
the property Of the stockholders and not available for
any other purpose lay them. Since the soh Of
September oil the Erie and Champlan and the Oswsgo
stock, has come in and been paid, and there is only
$7,O25 of the Chsnango stock outstanding, and the
balance of$s3 434 SO, consequently reduced to So95
There was ursxpended balance Of the loan Of ls4s,
equal to $ls2 07O 81 the a0th oil Ssptsmbr last When
that loan Of is4o authorized il was done an est
IN tie of the sums which would be required to pay
arrsarages to contractors the public works, and Tor
land damages The expended bilrncs the soth OF
septic mber last Of Sls2 070 g. has been reduced to
43 O0s and the balance will probably all 10 required
acel the claims for which the loan made and
this money h used for any othor purpose, the oenants
be paid from tho canal revenues they being aii
appropriated by the constut TO other objscts
The amount which will be annually realized on the
sOth day Of septsnber in each year. commencing with
the aoth day of September ls47 fcom that portion Of
the funds owned by the STATE provided the Safety Fund
banks no. in operation make their contributions as now
provided by law, until the whole fund shall be paid, In
nlndins ntsrest on these funds, " III be as foows-