The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-01-29

comparison Of prices current at thu closs vestsr
day with those ruling 1t the close Of the previous week.
exhibits advance in Treasury Notes v GER c-u' ;
Indiana State IS, IA; Resdisg Bonds, 4; Reading
Mortgage Bonds, 81; Reading Railroad, 8; Erie Rail-
road, (new) al Harlem Railroad, V; Long Island. O.
'StonDgtop, p; Farmers Loan, IL; Canton Company
BIZ Morris Canal,1
The shipments Of specie from this port for the past
two weeks amounted to s3s $50 and TO- tae previous
two weeks, $7lll-makngs total from January lst to
the 9th inclusive, $lOa,e67.
The value Of merchs into this port for
the week ending the 26th inst excepting that to
the warehouse, was &c. lo534e Of which sl71,6 we're
In free goods and 7o6 In dutsble, the amount Of
duties which amounted to s7OsO25. The drafts on
the assistant treasurer for the week amounted to
$4o6 49, showing increase in deposits during the
week Of 75 The imports Of specie during the
week were $25, 100.
We have shown within the past two or three months
that the affairs OF most of the railroad companies d.
rectly connected with this city, have been most grossly
mismanagsd; that their capitals have been expended
in tho most reckless, extravagant mauner aud that
the stockholders have been deceived and defrAuded
All these things have been shown; but there are as
many instances Of deception yet hidden have been
exposed and Is fast they to light It shall be
our duty to expose them The Erie Railroad Company
represented that 1t would cost six mions Of dollars
complete that road instead of which, has about
nine millions to construct less than one half OF the
line. The Hudson River Railroad Company raised q
subscription for three million dollars In stock, upon
the that tho road could be com peted
and put In running order from New York to Albany
for six millions OF dollars instead Of which, 1t will cost
about five millions to construct the road
half the distance to Albany These instances are
sufficient to illustrate pretty clearly the general system
Of railroad and extrsvagsnce In operation
In this latitude. 1t appears however, that not
alone in this system of constructing railroads There
financial geniuses Of the order In neigh boring
cities; and stockholders in reads diverging from other
places, have been deceived deeply any here The
recent report OF the Reading Railroad Company OK
hbits the most enormous extravaganza in the expsn-
ditures in that concern. The immense amount Of
money expended without any statement as to the
items Of expenditure has created determination on
the part Of those interested to sft the affairs of tho
company to the bottom, and place such men in the
management will render fair and honest account
Of their stewardship. This company has been made
the means of making the fortunes of dozens who have
been concerned in its management. In no other way
could the oost have reached such immense amou IT.
The liabilities Of the company have increased during
tho past year than two millions of dollars while
the receipts have decreased and the in
creased The annexed statement exhibits the oondi-
ton OF the Reading Railroad Company at the close Of
the last fiscal year. compared with the year previous