The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-12-01

loss The accumulation Of interest all stocks
tursy advance to that extent but the rise
in this has already been several per beyond tue
additional value created by that circumsta noe. Any
great fuetuation in the market value Of govern
nj stocks, will have bad effect the other side
Of the Atlantic, by destroying confidence IL their
Danency, and by inducing holders to part with them
in anticipation of further depreciation.
The Portsmouth Saco and Portland Railroad CON-
pany have declared semi annual dividend of So per
share, payable on Monday, Door 18th, to holders Of
stock on the 25th instant.
The Mechanics Bank OF Baltimore has declared
semiennusl dividend OF three and half per cent for
the last Fix months, payable on the 4th Dec.
large portion Of the grading the Central Railroad
of Pennsy lvanis between Harrisburg and LIE wistown
il near > completed. At the Harrisburg end about
four miles Of the rail Is laid and the entire track
that side Of the Susquehanna will be ready for in
a few weeks. The stone work OF the bridge will be
finished by the middle Of December and the work up
the superstructure is progressing rapidly or all
the bridges that span the Susquehanna, that will DO
the most stupendous.
The message of the Governor Of Arkapsa to the Lee
eiature of that State gives detailed report OF
the public finances than have noticed in any pro-
vous message for several years.
The revenue laws passed at the last session of the
Legislature lave fully realized the public
ard is fdentIy believed they WILL II judcously
enforced, re-establish the credit Of the State.
The amount Of S25 600 $4,000, derived from taxa
lion under the of the 9th March, 1885, been in.
creased the provisions of the act Of the 10th
cember 1S46 to So49s ~ during the first year Of its
operation and S4 $40 60 this year. during the second
The amount of outstanding treasury warrants the
3oth September, 1885, of $37 ISL 20, which has been
-faA thas frop bat rod To-
Sept 1S4s Of S1O7 A. making total Of S144 $50 49,
has been reduced, by the redemption of $22o37 SIS Of
them with specie $6oS0 so Of warrants paid into the
treasury by the State collectors and the of $29
$50 40 received by the Treasurer and State Land
Agent in pay OF State lands So 926 received in
warrants In redemption Of forfeited lands and
$27 SO treasury warrants State tax by non.resi-
dents making in all the sum Of STA sos 21 which
be pg subtracted from the above amount $144s5O &c.
leaves "a in circulation at the close Of the last
fiscal year, ending soth Sept 1913.
1t is estimated that most Of this balance has since
the 30h of September been taken by tax collectors
and will be paid into the Treasury on or before the
10th December.
appears by exhibit of the receipts and expendi
lures of the treasury account of the govern
ment, that surplus Of sbout $17,349 rs will remain
in hand the 10th Of December, which will be SUM-
cient to meet the entire expenditures of the present
General Assembly without resorting to the necessity
heretofore imposed Of issuing treasury warrants The
probable receipts 1849 and 1850 including funds now
subject be used for ordinary are esi
mated st $l761S9 S. and the expenditures at $751;
242 49, which, II realized, will leave balance unex-
pended in the treasury Of $23 94Y AZ.
The receipts of the financial receiver Of the State
Bank and Of the Secretary Of the Board Trustees
of the Real Estate Bank, present q very favorable
lar0 Mt has haou
than during the two years preceding their previous
report, and they In fair way of bringing their
affairs to Q satisfactory settlement The State Bank
and branches collie from April 9Th 1S45 to Septe-
ber Goth 1916 the Of $s0567 30 and for the two
years ending September, 1s4S there was collected in
every description Of funds the sum Of S30l 49, OF
ths amount $2s5 5s4 80 in State bonds with cou-
pons attached viz 124 bonds sold account Of State
Bank with $42 464 60 interest making this accou ut
$116464 co. and So bonds sold account of the Real
Estate Bank with $3 120 interest making ON that ao
count $119 100 The Governor recommends that suoh
laws nay be consistent with the interest of all par
ties concerned, be adopted will aid those charged
with the collection Of debts due the Real Estate Bank
N their duties by releasing the land mortgaged for
stock upon payment Of stock money, and interest,
and to authorize the trustees to foreclose the
gage to such stakeholder IS may refuse to pay his
regular ipstalment The Real Estate Bank has taken
in ayment Of debts several State bonds portion o.
which obtained by the Financial Receiver OF the
State Bank, in exchange for Real Estate Bank paper
Acco riding to the Governors message there out
st nding the It'll Of November lS4s for the pay
ment Of which the faith Of the State is pledged 03
bonds sold account Of the State Bank, with nte-
rest to date amounting to $1457,7s4 IA, and 1906
bon ds sold account of the Real Estate Bank with
interest to date, amounting to $2l6o1so. These two
items make aggregate Of $a6l7,9 64 IA but small
sum larger than the amount estimated two years ago.
The Governor recomme nds that the proceeds of the
sale of the Of psbc domain be applied to
the redemption Of these bonds, whatever deficiency
may be ascertaned after the final quotation OF the
assets ofthe bank, and other means shall have been
applied.
The report of the State Land Agent shows that of
the 500 Geo of land don aed the State for the
purposes Of internal improvement 4so,s69 acres had
been transferred by the general up to the
18th CT Sept ls48. OF this amount 2S 7O5 acres have
been disposed Of BY the State to individuals and the
amount received in payment up to the 18th Of Sepem
ber 1s4s S29s2o A. had been borrowed by the State
for which bon is to be issued In favor of the inter
nal improvement fund
stock Exchange.
$500 Treas Notes 6s io69s o. shs Canton Co so%
5tCD do $50 1867 80 do boo 81