The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-05-20
The details of the income for April, 1s47 and 1s4t
show where the falling off was in that month";

Total ................. H,N IS 1888 II
In March, 1S4S the falling off in the through travel
was ST. 55 So decrease of about forty per cent At
this rate of decrease the aggregate income for 1S4S
will be much less than that of 1847 1t is anticipated
that the opening of the Nashua and Worcester road
and the Fichburg and Worcester road, will give the
Norwich and Worcester great increase of business,
and of course enlarged receipts 1t Is estimated that
from the Nashua road alone business to the amount of
seventyfve thousand dollars will be realized the first
year 1t in contemplation to open that road in Sep
TENDER. There is doubt but that the Norwich road
will draw seine business from the Nashua line but it
Is our opinion that the amount estimated is overrated
The recent decline in the market price for Norwich
and Worcester stock has destroyed all confidence in
it, and fancy, it cannot range much above ruling
rates The history of this stock is sufficient to give
spectators very little confidence in any fancy securi
ty Within the past four five years this stock has
been low 25 per cent, and high 95 per cent
and the fluctuations between these points have fire.
quently been 10 and Is per cent in rs many days.
There have been many explosions among the bulls
and bears in this stock in any other in the street
and the probability u.s. that it will hereafter be Of
the dullest and heaviest fancies ahoat. We
prospect Of reviving improving it. If its receipts
continue to fall Of its stock must sink, even below
current rates. as its immense debt must ultimately
absorb the whole concern.
The finances of the State of Rhode Island do not
present very fattering condition. The annexed
statement exhibits the aggregate receipts and expen
ditures each year.
FINANCES OF RHODE lsLAND.-REcEIPrs AND ExPEN-
pITUREs.
The aggregate Of payments from May lst ls43 to May
The aggregate Of receipts for the same
periou. ooo4I 81
Excess of expenditure over receipts. 49,. 1888 IS
The aggregate OF payments from May LIST,
1914, to May, 1915 was. ........ 77,4so So
The aggregate Of RECEIPTS for the same
period :. ................ 5S,72O 90
Excess of expenditure receipts. 49,. 1870 O6
The aggregate Of payments from May 1st,
lS45, to May 1st 1S46. was. 6S,316 IS
The aggregate Of receipts for the same
PERIOD. os,osl 3o
Excess of expenditures over receipts. 80. s,s25 Os
The aggregate of payment from May LIST,
1916, to May LIST, 1S47, ............ 76,76O 81
The aggregate of receipts for the same
PERIOD. ........ ol,4l5 ~
Excess of expenditures over receipts. 80. l5s45 %
ls47 to May LIST, ISIS, was. 79,2e7 o.
The aggregate Of receipts for the same
period. ................ ....... 711s2 "A
Excess of expenditures reccipts..... s,Os4 2S
Aggregate Of excess of expenditures
receipts In the foregoing five years 69,63S 5S
Average excess of expenditure per year du-
ring tnat PERIOD. 1897 IL
The general treasurer states that he has safe and
reliable data upon which he form accurate esti
mate Of the expenditures for the year end
ing May 1s49 particularly in relation to expenditures
which continually varied by tho acts of the Legis
lature at every session But there is to believe
he concevo judging from the five years past that the
deficiency in that year will be from $4,000 to s12 600
The amount of the State debt is reported to be fol-
lows. viz
Due the public deposit fund.-. .S152719 81
Note at the Bank Of North America. .... $4,000 90
Balance due from the State per balance Of
his account current to May 1st 1S4S.. 1856 90
S1S7,354 q
The system of taxation must be very deficient in
Rhode Island, to make such financial exhibit as
this. The public debt is annually enlarging, from the
of expenditures over income.
Amount of tolls received all the New York State
Canals in each Of the following years, annexed :