The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-11-22

$4,000 per annum, encng in 1sle provided that
the profits Of the current are after pay
ing the expenses the interest the debt and
cent per the preferred stock Of the
papy, which fund to be annually invested in the pur
until the market price of them is ct par which, with
the sinking fund provided In the mortgage Of 1885,
will make an annual sinking fund Of 500 900.
Resolved That the and treasurer are here
by authorised to issue the said bonds payable in 1870
exchange for stock which has been issued for
bonds due In 1850 and upon the surrender Of the
~ ns
in July last will be equal to the interest paid
bonds.
In accordance with the above resolutions the COM
pany have given notice that mortgage has been exc
cued and bonds prepared, payable in 1870 which are
ready to be issued in settlement OF the bonds OF
1850 ard notice has also been given holders eff the
preferred stock that bonds payable in 1870 at par will
be given in exchange for that stock and half OF
per cent will be paid the amount Of preferred
stock transferred. Holders of bonds due in 1850 and
preferred stock WILL therefore, govern themselves
accordingly. They the best judges Of what is for
their interest
The amount received for tolls all the New York
State Canals, from the commencement of navigation
to the 14th Of November inclusive, this year, was
s3o42S06 40, against 492 % for the period
last year, showing deficiency of S55,lS5 SO. The
canals will be closed on the 5th of December
We are authorized to say that any of the stockhold
ers of the Ocean Steam Navigation Company have
the fullest information concerning their affairs, by
calling at their Office, No 60 Broadway Weunderstand
that they are in prosperous condition. The voyages
Of the Washington and Hermann during the present
year, have been performed with the greatest pune
tuaity and without meeting with the slightest acci-
dent They have also been very proftable; but the
earnings of the ships had to be applied in the first in
stance to the liquidation of Indebtedness account Of
A. I,,sI; --N..-l
pears, considerably exceeds the amount of capital
stock subscribed We informed that the directors
contemplate making full report and statement, at
the expiration of the year; we therefore refrain from
entering into any details. We would mention, how
ever, that from all we learn, have every
to believe that the prospects of this company-the
pioneers of American steam pavgation-are
very fair. We wish them success with all heart.
There counterfeit 800 bills the Broadway
Bank, altered from genuine 2's. The genuine 1905
have 600" and the Comptrollers die the left end
the altered notes have picture Of the Irving House,
and read" will pay hundred dollars to the bearer
The genuine read will pay hundred dollars to the
bearer on demandn 500s the Mechanics and
Traders Bank, altered from genuine 2's-vg. black
smith, two females, $1,000 upper and lower left
margin with Comptroller's die between them. This
bank has genuine bills of higher denomination
than 100.
We have for long time been of the opinion that the
running expenses of railroad companies much
larger than any of them reported admitted and we
have therefore looked upon the management of most
of our railroads dishonest deceptive and destructive
of public confidence in those important of inter-
nal improvement. The annexed statement, showing
the gross earnings, expenditures and net Of
the Wilmington and Roanoke Railroad Company, in
each Of the past nine years. agrees pretty well with
ideas Of proportonae expenses to income and the
reports Of railroad companies generally made
up by examining committee, or made up fairly and
honestly by the management, should find different
state of things from that exhibited.