The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-07-20

months ending with May, 1885, its expenses were s2a
95 &c. and its receipts SS95s 54 The largest monthly
receipt was in March last and the smallest in Deem
Der The road has issued 1892 900 preferred stock
on which holders are entitled to receive i've cent
semi annually from the net earnings the road after
paying interest to the bond holders until the net
earnings shall be sufficient to pay interest Of six per
cent per annum on the stock and on all the bonds Is
sued for the first and second loans The first and Sc
cond loans amount to 100000, and third loan has
been issued of 100000 payable in four years, at six
per ce ltnterest The existing liabilities of the com
pany arr 1868 226 OF, against S135,03l 10 Of assets
To pay the interest preferred stock and to bond
holders, and provide for the floating debt, are the
first duties the road and hence it Is obvious that
the stockholders ust be content to forego any div
bends for some time to come"
A meeting held recently in Saint John N. B..
to consider what measures should be taken to carry
out the proposition Tor railroad through New Bruins
wick, to connect with a main line from Halifax to
Boston The Chamber of Commerce and citizens en-.
gagged warmly in the discussion, and several resolu-
tions adopted of which present the substance
The meeting expressed the most lively interest in the
establishment Of the proposed line from the United
States through Calais Me-, St John and shedisc and
resolved to urge upon the Executive survey of the
route between Calais and st. John-the only portion
unsxrveyed- the understanding that the State
OF Maine will survey the line from Calais to Bangor
resolution also passed for the immediate organ
isation Of the st. John and Shediac Railroad Com
pany-or the completion of the section between these
two points insurug the speeder completion of the
whole line 1t decided also to raise subscriptions
at once.
1t is proposed, also, that water communication
between the ST. John and St Lawrence rivers should
be opened. The New brunswick News says
"Suppoee that the contemplated improvements in
the river St. John to be made that vessels Of
proper class coming by that route, could load at
Montreal and Quebec, and discharge in this city
Suppose that railroad should be constructed from
Halifax to Quebec whose line would pass through
large section of this province in state
Of wilderness and remote in its location, that
without such meansit 10 never likely to be inha-
bited at all Suppose that the railroad from Shediac
Harbor to the city of St John should be built, by
which the products of Northern section and
Prince Edwards Island could be brought to this mar
ket, we'll the products Of Kings, Wesmereland,
Gloucester, Restgouche and Albert Counties including
the products of the settlements to be opened
along the whole line Of the great railroad to Quebec
What is likely to be the effect the City of st. John,
provided that abundant markets for these products
Of the province can be obtained abroad 2"
Recent English papers have given us the accounts
of the alarm among the cotton consumers in Great
Britain The problem Of the growth of India cotton
is as difficult to Of the Manchester spinners as
the quadrature Of the circle is to geometrcians Tho
future appears to be in the instant and with
beaverlke sagacity, we find the Manchester manu-
fcturers urging Mr. Brishtone of the active fan,ies
of free trade-to make motion for royal commission
to go India and inquire what binders the natives
from growing much cotton as Lancashire spin.
The motion, however, a failure-and so would be
. commission. London paper pertnently re-
marks
"The excellent one; but while the move
felictous in placing it before the House.
also sturdy Inconsistency in the demand by
strong advocate of the Laisses are theory that
government should do what the Of Manchester
easily do themselves What is there to prevent
that wealthy order from appointing Lancashire Com
mission, much more able and honest than any which
the Queen choose to proceed to In lila and collect
testimony to the rule Of the East India Company,
the Land Tax and other fragrant grievances! If they
are in earnest, they ought to do that at once.n
commission Of American planters went out from
this country few years ago and they returned aer
several years experimenting, sickened and dis
hssrtened. There few districts in India where
good cotton can be produced, according to their
ports. However, an improvement may be made even
tuay in quantity and quality The annexed table is