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

here Is . floating debt Of about $500 ooo making
an Aggregate Of $4,Ts0O0o, the actual cost
At the present moment. Five millions Of dollars
will probably the total liabilities of the
pspy the LIST Of January next This road is right
In our midst and are therefore able to get better
insight into its affairs Several other railroad compa-
MES in this State in similar position the pub.
lilo have just vague idea Of their actual aud
condition The old adage, When ignorance is bliss"
&c will apply very well for time TO stockholders in
railroad companies Every prediction have made
relative to the Erie Railroad Company will be fuldlled
The first will probably be In our estimates Of receipts
for the year, and if there Is any honesty aud 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
Of the vast financial talent in the manage
Dent of the affairs OF the Company.
The following letter from he Commissioner Of the
General Land ONCE in relation to land warrants, Is
important to dealers, and of interest to the public
generally =
GENERAL LAND OFFICE, !
WILMINGTON, Oct L. 1919 (
SIR IL have received your letter Of the Sd instant,
enclosing a slip from which the following Is an ex-
tract -
Office will blank assignments OF soldiers
land warrants. 1be assignment 60 be valid, must
specify the TO whom 1t IL made at the time IL is
made This in addition 10 the usual form Of recog-
nisng and certifying the identity OF the person making
the assignment
Ieu ask, Whether 1t Is necessary to render
Segment valid and receivable at the Land Onics. it
should be Tiled up by the original holder when sold by
him and Of each party through whose hands IT may
pass. before reaching the Lapd Office Tor entry ~
the act OF Congress renders all assignments made
and executed 10 the issue OF the warrant
ttcate null and void it is material that the date OF
the sig Lmert and Of the acknowledgment should be
hll.d wbt N made in order To furnish evidence to
this Office that the assignment in fact made alter
the issuing Of the warrant The mere leaving IN the
assign blank. for the name OF the Assignee TO be
Inserted. would vtias the sgnmsnt,
where l. far and regular in all other pects, be-
the lie al in pcAtiOn such is that the
asgDor has authorised the person for whose benefit
the assignment is made aud delivered or purchasers
.sder bim I'll up the blank by inserting the
Of assignee The bona de pui cha'ers OF land war
ton ana 1t would be attended with serious inconve
nience to innocent purchasers nov to change the
practice
Before a warrant thus assigned can be loo ited the
Of the assignee must bs inserted, aud lie will be
hat it j. done by the authority OF the orie
mai assig and will be receivable accordingly ut
the Land Offices unless fraud shah be alleged aud
tanned. Yours. very respectfully.
}. BUrfERtlELD, Commissioner.
This is perfectly clear aud Satisfactory, and places
the question beyond further doubt dispute 1t to
be supposed that there woald 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 frsuds and have sinplGed the process loca
ting, &c, as much as in its power.