The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-10-12

here Is . floating debt Of about $500 900, making
an aggregate Of S4,7s0o0o, as the actual cost
~ the present moment. Five millions Of dollars
will probably cover the total liabilities OF the
pspy the lst Of January next This road is right
In our midst and therefore able to get better
insight into its affairs Several other railroad compa-
pes in this State in similar position aud the pub
o have just vague idea Of their actual cost aud
condition. The old adage, When Ignorance is bss,'
&c will apply very we'll for time TO stockholders in
railroad companies. Every prediction have made
relative to the Erie Railroad Company will be fulaed
The first will probably be in estimates Of receipts
FOR the year, and If there any honesty and integrity
In the board Of directors shall only have to wait
until the next annual report to enable US to compare
our statements with the estimates and calculations
the financial talent concentrated in the manage
Dent of the affairs OF the Company
The following letter from The Commissioner Of the
General Land Office, in relation to land warrants'is
important to dealers and of interest to the public
generally =
WAsHINGroN, Oct. L. 1919.
SIR IL have received letter Of the 3D. instant,
enclosing slip from which the following Is an ex'
tract - .
Office will recognise blank assignments OF soldiers
land warrants 1be assignment, TO be valid, must
specify person wbOm 1t il made at the time 1t is
made Tins in addition 10 the usual form of recog-
nising and certifying the identity OF the person making
the assignment
Yeu ask, Whether it Is necessary to render an as
Segment valid and receivable at the Land Office. 1t
fhoud be flied up by the original holder when sold by
him and Of each party through whose hands IL may
pass before reaching the Land Office for entry ~
AS the act OF Congress renders all assignments made
executed prior the issue OF the warrant or GER
tihcate null and void it is material that the date OF
the assg Lment and Of the acknowledgment should be
hll.d up wh n made in order TO furnish evidence TO
this Office that the assignment in fact made alter
the uipg Of the warrant The mere leaving IN the
blank. for the OF the assignee 10 be
a Inserted would not yitiate the gnment,
where T. lair and regular in all other pects; be-
sause the leE pcation such is that the
ssigbor hos authorised the person for whose benefit
the assignment is made aud delivered or purchasers
sder hun I'll up The blank by inserting the name
Of assignee The bona fde pui chaers OF land war
have in numerous cares acted on this assump-
ton ans 1t would be attended with serious inconve.
nieDce to innocent purchasers noE to change the
practice
Before n warrant thus assigned can be loo tied the
Of the assignee must be inserted and lie will be
it l. done by the authority OF the orisi'
assig and will BIZ receivable accordingly ut
the Land Offices unless fraud shah be alleged aud sus-
tained. Yours. very respectfully,
}. BUffERtiELU, Commissioner.
Tbisis perfectly clear aud satisfactory, and places
the question beyond further doubt dspue 1t is to
be supposed that there woHd be attempts made TO
palm off spurious certificates aud to dispose of those
which had not been legally issued but the depart
ment have guarded as much possible against all
kinds Of frauds and have simpned the process Of
ting &C as much as in its power.