New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-01-18
COMMERCIAL AND MONEY MATTERS.


MoSDAY, P. II
Toe market is rather buoy ant to day for iancies,
boz sound stocks are rather heavy Government Skies
were du atgay9 Treasury Notes sold 81 st, which Is
frfher decline Harlem and the znoies generally were
slightly better.
10 Bills there is nothing doing Of importance.
10, r.tes are uomns!y before, ioo for Sterling,
s0l.zl Tor Francs. TIE supply Of Bills j. fair. The
sef en- mails are Bringing additions 70 s0pply.
ln Fregh;s there is but little movement. Flour
10 offered a. 8e but ship owners ask 2s An engasement
II lo0 bbs INSIDE for Glasgow At g. and little Cot
,on fer Liverpool al d.
The Petersburg Railroad Co. have declared a
.emsrnnsi dividend Of 81 per cent, Passbs demord
Tie Exchange Bank Of Virginia Ia. declared diyi-
DEAD q So per cent for the last six mcaths.
The rcsalt Of the business Of the Eastern Rail
road has been annexed
The surplus Of earnings aer dedueng expenses divi
lad sinking fond lslzoo) amounted on the 5im Dec,
s on the Sis, Dec 1915 1854 %
Aaoant Of sinking fund invesfed........... 1854 81
Total Surplus, Dec 81 lgf7..............sil,s5 -
s3z8JG passengers Carried this road during the
gear without the sgh,es injury to any one. The whole
oe,uons Of trains from accidental dd not exceed
I've houfs during the time The net earnings Ia 1871
were 81, per excluding the appropriation to renewed
fund
A statement has been Published, signed by
s number ~ the sabscrbsrs 70 the loan for the compile
ton OF the Illinois aud Michigan Canal, residing in Hi
ros rxeup sing MIR Goodng sod the Board Of Trustees
from the charges Of Col Oakley The statement ,ays.
ln ihs place, they feel great pleasure in being able
y that vancec state OF he work - such a.
O. leave reason 70 doubt bat that the entire main line
Cd the Caua viii be piee aud IN order Tor business
81 re olfnng Of navigation tie ensuing spnne ono a.
.Ain the means provided Ire supervision ano al
TscOn of the WofS ~ tie Board ~ trustee We Dsose
- have cautious, udicous and woeonsldered and
generally effective Of the object intended The energetic
Fictl Of the work ~ the Engineer ana ateh~ in
immediate charge Of construction We 80 b7ileye % nave
been lodcious and Thorough The Industry sud devotion
n ths Chic! Engineer sad ms assistant tac9tt his
especially entitled 10 the highest constipation in rels
ion complaints made against the CANA aud ITS cnces
alc q, which We nave pfeFiousy sHvoeo, very lev,
any them, entitled 10 aoy serious eonsloeation
The oca charges Of Col Oakley state Trustee prefer
fss agans Mr. GOoding Chief EnsineeIson tho loth Of
Ooto,e last have been made me subject OF nVesugsi2n
before Board Of Trustees The testimony OF al the
witnesses examined on thai occ 1soo es yen as nose car
od subanate tbs charges preferred a. tnoso ioi tne
defence was we understand. alike favorable 10 tho high
a0d honorable character OF Mr. Ococog as man tn1 10
is ability engineer Il has been asserted thaI
fesog u gene al dssatsfacton and al expression OF p
rleheD0n ofthreat has been made, that the state
of illinois hit far deerAoe herself as 10 repudsto her
ast aud sed obligations by refusing 10 continue
pay Interest on her Canal debt because fosooth me
Trustees has been alleged, get TOO high salaries, o be-
cause Of other in the management OF the ahdrs
o. he Canal The pubic are iuoeoTd there IS zoe much
Ts-on TO believe 10 the agency Of me present state lIn
~ On, complaints charges and expressions Of sPprehen
esr tho state should difgface herse by Reputation
appeared from lime 10
Of this New York before aud since the organ
1illon Of the present Board of Trustees.
H. conclusion, the assigned would remark that nom
tho sale Of canal lands follow by provision Of law, the
peon Of the canal and to be enhanced IN value by
event. and from the earnings Of the canal itself when
fairly in operation, receipts confidently antlcpa
sufficient In amount for the payment Of the loan Tor is
maturity and sufficient also, with the ard
Of the STATE appropriated and which may
hereafter be appropriated for that purrsse, as the State
Increases in wealth and population 10 demonstrate the
certainty prompt payment Of accruing interest on
The registered bonds Of subscribers and ultimately to IN;
ample provision for the payment Of the entire cana
debt Of the State.
There is not much paper Offering at Buffalo but
iis still very difficult 10 effect negotiations
The annual statement Of the Bank OF Kentucky
and kranche. presents The following results.