The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-01-11

Increase In 1s49. NEUTRALITY-SUSPICIOUS.. $50 955 AZ
This increase Is equal to thirty. Eve per cent aud
there several obstacles yet In the nsvi.
cation of the canal before its capabty will bs fully
developed The business Of the past season, however
exhibits handsome increase aud II it continues at
this rate, the finances Of the State will rapidly i'm.
prove.
The last annual report Of the Macon and Western
Railroad Company gives q very favorable account Of
the operations and affairs Of the road The income Of
the road for the last year amounted s7 80 The
expenses, SS7 sos 67-lesving net earnings to the
amount Of sllo 769 So OF the earnings, s1l227e So
for freghts s74sOs SO from passengers and
$1,000 for mail service. The whole number Of passen-
who travelled upon the road during the year IL
put down IS ST. and the total distance run by all
the engines Of the company In the time, was
119,ls4 miles. The road is represented being In
good condition. Eighteen hundred tons Of irsu
have been purchased to replace the present sht rail-
The greater portion of 1t has already been received
the business Of laying 1t upon the track will be
penced at IN early day. number Of cars hav-
been constructed, and the superintendent strongly
urges the immediate procurement Of two new pssssn
ger and twenty. Ave freight cars.
At the annual meeting Of the stockholders OF this
company, holden at Macon, the LIST inst it was re-
solved that This meeting is highly grstiaed with
the management Of the road for the last twelve months
and with the real and fdeity OF each officer of the
company in the discharge Of his appropriate dutesn
This must be particularly pleasant to the
Of the company alluded to- account Of It's rarity,
and we believe 1t IL the first record where the
stockholders In q railroad company have passed such
resolution, even where 1t was deserved.
The message Of Govern or Crittenden, Of Kentucky,
to the Legislature Of that State, is short and to the
purpose, and should like to the Governors Of
other States adopt 1t a model The only subject It
treats Of possessing general interest Is the financial
condition Of the State and the public creditor cannot
but feel well satisfied with the report. The revenue
Of the last year exceeds the estimates presented to the
past Legislature, and will furnish ample means to de-.
fray the ordinary expenses of the government to
all its engagements and to discharge portion Of the
principal Of the public debit
FNAscrs OF KrSrucKr- Rrcrwrs AND ErrrrpruRrs.
Receipt. for the year ending Oct TO- ls9 si0s63o 10
Exper dituTes " E. 4l7 $40 o.
Balance in treasury Oct. 10, 1s49. -. s2l.oo9 SIS
E,timat,d recsiptsfor the year
Estimsted expenditures for
the year 1850. .....". SA63i IS
Balance In treasury Oct. 10, 1880 $40 525 "a
The expenditures each year include the sum payable
to the sinking fund expenses Of the vsnton and
school purposes Il estimated that the expenses
Of the convention would amount to s35 $50, bat the
actual expenses will exceed s4S 900.
The public debt Of the State Is steadily but gradually
diminishipg a. will be by the annexed compars-
tive statement =
FusrIc Drsr OF KENTUCKY, 1913 AND 1910.
January L. 1sss amount Of public debt. 50 6ooos1 81
December 20. lsss, 80. 532 sl3 81
November I, ls49, 4ig7 ,65l 81
The reduction from January to December 90, lsas.
s77 o6s and from December 20, 1915 to November
j, 1s49, s35 261 Total from January l. ls4s to Ne
v.nb.r I. 1912, sil2s29.
The public debt Is compoeea Of the following Items
Bopds payable at IS years, with per cent
ROMA, a. 10 ,.:,. In, .r ANT 40, ooo ~
Total per cent bonds. ....... ss3o0so %
Bepds. payable at 80 years,
With per cent. ............ S365l500
Bonds, payable at years,
with PR cent. .....,.... 500
Total per cent bonds. S,d56,e00 90
Crsddoct fund. ................""".. 8,5s2 81
Road scrip Observation-Disclosures. 20 90
Total public debt on Nov. I, 1sl9, 81 497 652 81
The State owns stock -
In Bank 81 Kentucky 800 shares. tq3e990 90
In Northern Bank. $500 shares. ....... go 0OO %
In Bank Of LouisviIle, 400 shares ~ $50 90
Iotai.. .SlzIO BOO %
The dividends which are paid TO the Sinking
Fund; and these dividends fully equal 10 not exceed
the interest the nominal amount OF the public
debt the amount Of the stock may be regarded
assng the public debt to that extent.
10 addition to thst usually termed public debt,
there snttber Witch the State Owes to the payment
Of which It's solemn faith has been pledged IL IL
the debt which the State to the Beard Of Eduos
tiop for Common Schools. and amounts TO 81 22s7os AZ