New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-01-12
COMMERCIAL AND MONEY MATTERS.
For sale. Of slOes,, &c. see Fourth Pass

THURSDAY. Jan. ll-P VI.
The Stock market was generally firm to-day,
bat some Fsncies tell of. Government Stocks were in
moderate inquiry At the Second Board Reading i'm
proved per from the opening price at the First
Board Erie went TO co. but recovered In regard to
Reading there rumors of an important movement
of some kind to be made in IL soon.
The following are the provisions of the law referred
10 by yesterday in reference to unauthorized bank
tog They to be found in the Revised Statutes LIST
Volume, p ne.
Noper.oo a-oe person. BODY cyora' except
eo'Pomie a. expressly Authorized BY law ssA Keep
& on '1 any Hienees OF debt 10 De oanedo pui 10
ss Every .,.D &c who shall eontrayene either Of the pro,s
psa ilr - directly indirectly assent 10 sueh viola
Ioni '''"' >rei one thousand dollars
The law passed in 1887 (sess. Laws, 1897 CHI 20 SO
Per eaed these provisions excep, far as related to
Corporations created By the laws of any other State or
country.
BY the 9,h section of this original act the penalty Is
Required TO be sued for ia the Of the people oih
State by the District Attorney to be paid to tue County
Treasurer for the benefit of the poor OF the County
Our attention has been more particularly called 10
this subject from the complaints frequently made on
the part of business whose interests have suffered
by the infringement of their right citizens and tax
while they receive large benefits that properly belong
% our own institutions and citizens.
The earnings of the Harlem Railroad for De-
cember show a considerable increase over the same
month of last year. The amount is as annexed
December 1913 'fiS %
1871 .........................'.... l'ol3 81
Excess In lsis equal to SSi 3 cent........s6S7o IS
The earnings for the entire year are as annexed
1911
Increase 10 s4s equal TO % q cent. s6sfss
The estimate of the Company for the year was
$4,000 apd II will be that the actual receipts are
within less than thousand dollars of the estimate II
must be remembered, however, that when this esti'
mate was made 1t was supposed that the Company
would have the advantage of the Extension Road 10
Dover and Of the Now-Haven Road during the month
Of December The result however was that only
three days income received from the New Haven
and none at all from the Extension. Had these
two sources of income met the expectations Of
the Company the receipts of the year would
have proved the caution with which the esii-
mate was made up. The increase from the NewIIayen
business has thus far been little Sl0O per day,
and this will be much increased when all the trains
are running The estimated increase from this source
year $4,000 The estimate for the entire yeSrs
niere, on 81 10000 OF preferred stock $4,000 and
II the running expenses per cent Of the receipts
there win be $4,000 excess earnings to be applied to
toe extension Of the Road to Chatham -Four Corners
or to a dividend on the old stock the Company may
think most judicious. This excess would give per
cent dividend on the old stock. The whole capits of
the old Company is now about four millions OF dol
lars movement is already being made to eS-
l lend Road IN (hafkap, Enrners about forty
miles where ii will connect with the Road to Al
bsny, and form continuous route from this City
Toe right OF way is being released without cost to the
Company. and subscriptions are going on isvoTSby'
along the new line for loan the Company to build
tbs extension Were the literally furnished,
the connection with the Albany road might be made by
he LIST of January 1880 but the probability is that two
years will elspse before the contamination OF this de
s.rsble event
In Freigh,s there is nothing doing, excepting
ios California Most OF the hgst class chips for this
Destination are Cling Up at e. % per bbl SOC per foot
and SO per ton Two or three vessels taken to
land Cotton Al Apaschicols for Mafsees at Il per 10
We learn tina, the dep6,s Of the Erie Road at
Bashauton are crowded with iregh waiting irsnspor
talon, and that At all the stations there were maen
larger amounts Offering than had been anticipated Al
sers had been looked for there considersoie &C
eomulations Of freight As as Spring opens 'n'
Eoa which is already at Bingasmton will be laid 10
osegc TO which point the road ready for the iron
As believed this extension will be opened May next
In October Eimira will be- reached and in December
The road will probably be opened to Corning Fsvcra
Die contracts have been made with very wealthy com
psny Of contractors who receive in payment Income
certificates the company furnishing the iron. To eS
hos the chespness OF fsrss the Erie Road and the
eslornonste prices on the Southern route, annex
Tie comparative cost Of the Journey from New-fork 10
Washington and from ew.YoTk 10 BlnshAmton
Nswfork to Washington 223 miles, time ID hours,
1850 go .----. = -
He"York to Binghsmton, 225 miles, time ~
ao9fs iere -
81 80
The charge for fare on the Erie 10 2 cents per mile
aad shisi considered fair compensation.
We noticed few days since that A IL
Merchant Es9 bed TOsisasa tie Prssideasy u Va