New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-12-20

Two and-a Half Per Cent Indiana Siate, Interest
Dd lfo S Cana FIVE Fer Cent Int from Ian l. H. 5
Special Deferred Canal Five Per Cent Interest
from Jan. !, II
Thus the Canal Preferred Stocks, bearing ger
cent. interest from 1917, issued to the subs,ri-
bers to the advance of $500, 600 for the compile III
of the Wabash and Erie Canal, in Indiana %
Evansville, on the Ohio River, form the frs. "a
on the revenues Of the Canal and the proceeds o:
the Canal lands, after refanding the advance Of
100000 Nomorc Preferred Stocks Gun be issued
the books being closed.
The Canal is in operation distance of263 miles
in Indiana.
The Tolls for the year ending lst No, l:9o
ILL IN ~
For same period l849 1884, W
lncrease S22,5i y
Increase 81 92-less s., 228 30 resolved at
the new Office opened at Terre Haute during Tue
Summcr-the balance oftolls for both years having
been received on the same length of line, The in
crease in 1850 would have been much greater if
the price of grain Ind not been so low as to IN
duce farmers to hold back their crops. There re-
mains large quantity in the country which must
come out in the Spring The cash receipts for sales
OF land amounted in 1850 to nearly 100000 The
quantity of land, on hand, according to the last
circular from the Trustees Office, was $50 498 acres
the appraised value of which was 81 973.5l2 So.
There remain to be completed about 50 miles of
Canal running through one of the richest and most
fertile regions Of country in the Western States.
This portion is now under contract for its entire
completion. The work is going forward with great
vgor and the entire line is expected to be opened
to Evansville early in 1852. The Southern Dor.
ton Of this great work will be navigable through
out the entire year. 1t is estimated that after the
completion of the Canal, there will remain on hand
lands to the value of 100000, equal to % per
cent on the whole debt. Estimating the net re-
ceipts of tolls during the current year at 100000
the revenue would be sufficient, if applied to
that purpose, to pay p per cent. the amount of
Preferred Canal Stock. What may be ex
pected when the work is completed to the O.
River, and the outlet opened for the produo i \,
the southern part Of Indiana? y ~
The market value Of these dffere - =.
The market value Of these different Stocks is as
follows:
Indiana old Bonds with accrued interest Cou-
pons thereon from and including that due on list
July, 1884, 80 p cent. or $3.50 for each Bond OF
$1,000, and all their arrears of interest
=, indiana Canal Six per cent Loan Interest ay.
tees in this citv % cent last saseo
asked.
Ihd OK ma, rye per cent state Stock. 81 olfer-
I5;a asn NJ. o@I UNREST oh' CT.
sales at 49, Interest on ri them en- commences ia
1858.
.. ,o Az 0ahai ptGlefrea I'VE per centS aales
l847, goes to the buyer
Indiana Special Preferred Five per cent Canal
otccAs. oaies 40 oeh' SAA'efeS1on euciH com
Indiana Deferred Canal Five per cent Stock
Sales at 10 }g cent Interest on them accrues
from lst Jan l847, but is not to be paid TIL IRE
1eIreo otoc:Ss are my prosiueo. ioi! a.,
lnGlaha GPecldl DeIeIleu e. ooor,o ofter
80 br+ not ~ he mid lin Preferred Stocks are
all provided for 6 to y cent.
In connection with the above we add the esti,
mate of Governor Wright of the receipts and ex.
pendtures of the State of Indiana for the financial
wear 1851:
Estimated Revenue 100000
sta,e Government. ..!.,..............,.. 100000
Convention, s VC0g
july interest 1850 ...............,.... $4,000
s se1{5 [ysd as1e5I' 1901 . 77Soo
so7o7o
mn. o..,o4ors of +bo Wosern Railroad Coroo.
.,,oo4 a. cnrinqGnId On "Wednesday
'@'oii .lo o,1,,,,oI ,onort and declare
nc haIcTeoi dividend The Boston Courier
sar.. Tbe cross earnings of the CORPORATION for
tbe financial wear, ending 3otb November, amount
20 e. az ooo being nm average increase of 81 600
~ 90 .I,o d;,o, ,,oor
per month over lne receipts u VIC pieo0uii'5 20,
The net income after paying expenses interest
repairs renewals, &c. leaves cash on hand, at IN
terest sufficient to paw a semi. annual dividend Of
ioul per o0n' Oesiuo ca Tug @'0'V00 W 'A.o wv
SINKING lunds' anu aoOuI @4V'ooo W Vue 0on''l6eHb
Cnnd The SINKING finds will he increased this
iuiu 0 ''AN0 s. - -. aao