The New York herald., 1850-05-18

lnterogye0
the river road and have doubt that by the efforts
Of these companies either in their corporate capacity
by the private subscriptions Of stockhodsrs the
necessary amount Of money will be raised It would
be full much the credit Of Albany, to subscribe
literally to the Hudson River Road as 1t was In
loaning her bonds to the Western Massachusetts Road
Company-ss she Is deeply interested ss any along
the line at the southern terminus The Legislature
Of this State during the last session. passed law
thoIing cities towns and villages to subscribe to the
Hudson River Railroad, and We have been anxiously
looking for come action the part Of the numerous
and cities in carrying out the provisions this
act. We hnd this method Of filing up the capital
stock ofraroad companies practsed all over the coun
try, and have not but instance where the
voters In any village town, city refused to give the
required consent.
The Hudson River Railroad Is 30 situated that its
completion is actually necessary to place the central
line Ct roads through this State proper footing to
carry on the that will be waged so violently
between railroad lines generally. Competition will, in
few years rage furously in all parts Of the
try where railroads exist that every facility will be
required to carry on, with any prospect of success,
all the roads running east west and north from
Albany Every town. city and village along the line OF
these roads interested In the Hudson River road
and would require but very moderate effort the
part Of each Of these roads place the beyond
u doubt
The receipts at the Office Of the Assistant Treasurer
Of this port, to-day. amounted to $ll3,s37 Is; pay
ments, $66,937 40 Balance, s4,s45 $50 r.
The Legislature Of the State Of New Jersey, having
investigated the affairs Of the Farmers and Mechanics
Bank of New Jersey and found the institution sound
and solvent have restored its corporate rights and pr
vlcges and it has ed banking with
renewed capital Of $4,000 John Van Dyke, Presi-
dent, and W +. Webb cashier. The notes OF the old
bank redeemed In specie at the counter Of the
new bank and all above the denomination Of fves at
the Ocean Bank, In this city.
The accounts from the South very gloomy In re-
gard to the crop of cotton. The whole valley of
the Yazoo is, we learn completely under water and
the destruction Of plantations enormous 1t stated
that the usual production Of cotton the district
covered by the food has been about 100000 bales The
growing crops bsve been almost entirely DESTROYED
and the loss must be immense. The crop now coming
to market continues to fall of largely The deficiency
already amounts to more than six hundred thousand
bales Averaging the number Of bales taken by each
ship at 600 and would require 800 ships to take 1t
to market This calculation shows the heavy loss sus
tanned by the single interest Of shipping The freight
on 100000 bales at SIS per BALE the usual price with
an average crop, would amount to So 100000 The in
creased price, in part, eompen.ates the planter but
for the ship owner there Is help. The rule in his
case operates the other way the quantity
the price OF freghts goes upbut goes down with an
equal certainty reduced crop The price Of cotton
never affects freghts; they regulated like every
thing else by the demand and supply but the price Of
feights often Affects that Of cotton.
1t estimated in England that the life Of iocomo-
tive is one hundred and fifty thousand miles II the
value Of an engine is $4,000 follows that every mile
II runs costs 6ss cents.
The following Institutions have Just declared diyi.
dends OF the amounts named for the last six months:
-Doylestown Bank, per cent; Farmers Bank Of
Bucks County, 8; Easton Bank, 8; Lancaster County
Bank Lancaster Bank, 8; Farmers Bank Of Laucas-
ter, 8; Doylestown Insurance Company g. Doyiestown
and Dsnborough Turnpike Company
The Legislature Of Rhode Island at its last session
granted i've new bank charters, Wis one In Provi
denee, one In Phcnx village In Coventry one in
Richmond and one In Hopknton. The nrst is to start
with capital Of 100000, the others with capitals of
$4,000 and all with liberty to increase They arc to
pay bonus to the State Of one and half Der cent
upon their original capitals and Of per cent upon
any incresse Great said to have been taken to
guard the public against fraud but the present rtate
Of business and prices OF money, 1t would be o. well to
protect the stockholders-h they should have any
against loss and fraud.
The annexed statement, compiled from the onaoial
annual report made to the Legislature OF NAssachu-
scttsexhiblthe aggregate operations Of the railroads
Of that State during the past year-ls&ssnd the
tai cost Mt the close.