The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-01-16


the old stock The report net having had the vors-
bic Effect upon the market value Of the snticps-
It'd Il has become questiso whether IL would be good
policy t. pay dividend - not It IL too late to
argue thst point now. Holders Of stock expect
the dividend, and excuse will satisfy them.
II the mpany cannot borrow the money their own
responsibility of the directors good credit will
doubtless lend their notes for consideration sad they
viii sell In the street tir shave So long a. this
sysen Of huancering can be made to operate the CON-
pany anticipate it's earnings the purpose OF pay
ing dividends and " ding things PLEASANT
TIE demand for money continues active but the
supply is large. and rates unchanged Loans on cali
ave psde at six per cent, Business paper ia ascumu-
lnng In the street, and the banks do not discount
quite 20 literally fsv weeks since The paper,
Of short oates sells ct AZ to per cent and large
amounts have been Off rcd.
The receipts at the once Of the Assistant Treasurer
Of this pert TO day smouuted to $3.50 375 49, payments
$3.50 OLA So; balance, 50 o3o os5 10
The gross earnings of ths Baltimore and Ohio Rail-
road Company for December, 1919 si42.3lo 90,
against si@5oll 80 for the month in ,sls show
ing dscreass of S32gl go. The bonds OF thu CON-
psny in payment for th % oco Of iron rails re-
Gently purchased from Messrs Barring Brothers, of
Leudon, by the stesms ar bra from oston
last week
During the last few months household exc q ption
bills have passed follows Maine exsmp.s home
stead to the value Of $500. and ia the abseace of
Homestead, personal property to that amount Yer
ont exempts homestead to the value $500; Iowa
and Minnesota 40 acres oflsnd lot California $40
scres Of land, lot worth s2ooe Deseret It is said
secures home to every family. Georgia, Texas
Michigan, Wisconsin PennsyIvasis, and Connecticut
had previously enacted similar laws.
The dies made the coinage Of double eagles have
Is re ed been pdsu cd Wash
new ones must be prepared 1t is about year since
the law authorizing the coinage Of double eagles vas
passed and it has just been that dies
manufactured do not suit the government There ia
some bocus pccus about this it is impression
that the paper money principles OF the cabinet cause
the delay more than thing else According to the
law the coinage of gold dollars and double eagles
to continue only two years from March 2d 1919 1t
lorg time after the passage Of the law before
gold dollar issued and nearly year has elapsed
and the coinage of the double, eagle has not com.
m.nced The administration is doubtless opposed to
the issue OF these coins and suppose, to the
Of coin that Is likely to restrict any way the
circulation Of bank bills, and doubt every effort
will be made to restrict the cottage possible
The Chamber of Commerce, of tubs city have deter
mined TO take immediate action relation to the cir.
cuar just issued by the Secretary the Treasury
Congress cannot stand the opposition of the Chamber
OF Commerce Of this city to any Of It's acts, and
may therefore look for n mediate repeal the act
Of March 1S49 IL would be we'll fer Congress
suit the various Chambers of Commercs throughout
the country before FINAL action upon any question 1t
would save great deal Of trouble These Chambers
of commerce capable Of expressing opinon IL
opinion upon any subject, and have doubt
the ,lsvsry question could be amicaby and salts
fctorly di'possd of by the philosophers comprising
these Chambers Of Commerce than in Congress. IL
viii doubt be some consolation to the sicers of
customs who're salaries in danger to know
Cbsnbrr of Commerce OF this city moving in
the matter. There is now prospect of Congress
being put down and commercial affairs OF country
being properly regulated.
The entire expenditure of the city Boston upon the
Water Works to the present time amounts TO 81 os9
s2e exclusive Of interest &C. The carrying the
water to East Boston and distributing the same inclu
ding the construction Of the that section Of
the city will probably amount to 100000, making the
aggregate cost Of all the works. when entirely conpls
ted, about S4540,000.
The city debt exclusive Of that contracted for water
amounted the 3lst day Of to 81 s23 s63 u
10 estimated BY the Auditor that the debt, even
unanticipsted expenditure shall be authorized, vii
amount st the close ofthe financial year goth Of pr
1867 to the Of sl72e sos To meet this sum- the
city has bonds and mortgages, s2a2 900; balance to
credit Of COMMITTEES reduction Of Debt s2sooo City
Wharf valued at 5000 ooo-sn amounting to s77o 900;
besides the market yielding $50 900 per annam)
many other public buildings the public garden. and
nearly ten millions Of feet Of upland and asts In the
1Ith and 18th wards The specific appropriations for
the current financial year 81 4l5.oO0 The Audi
tor estimates that the total amount of expenditures
the year will not be less than sl729 800 The increase
Is caused mainly by appropriations filling up sts
100000; for carrying on construction Of new jail
t11r L..
tax assessed for the year, was 81 l747l5.
stated by the Mayor of Boston In his recent sd-
dress to the Common Council Of that city that there IL
city In the world Of its sire the affairs % ~hch
administered ct 80 great expense Leaving out the
respective water accounts Of the two cities he that
the current annual expenditures Of tho city OF New
York, With than three times the population, do
not than double those Of Boston.
The following transfers of United States stocks to
foreigners made between the 9th and 18th inst
Inclusive