New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-05-24


Five Millions q Dollars, tie lsrges. amount ever
reached The Receipts are sl2o,sJoi Payment
sl56s5-Balsnce, s5,o2s, 10.
An attempt was made, lew days siace' to oo'
tain q writ Of qtO raTra@io aga1ns. the Farmers
Trust Company, the previous one to obtain an To-
;u,c,ion HAVING sgnaly failed. An application
made 70 Mr. Chaiield, Attorney Conceal OF
the SIT. Cor writ agsins. the Company o. tho
,,o,rd that i was lending money Illegally. The
writ was ob.s.ned bat the holder vas diracted
not 10 serve il until further orders. Orders we're
sent sho aid not be served but they were DIS
REGARDED. A letter was then received from Mr..
CbatGeld. asking replies 10 certain charges PFen-
mary 10 Withdrawing the WIT. The charges were
f,ivoous and the whole altar evidently Bear
movement. One charge was that a s.l.emea. Of
the Affairs Of the Company hal not been regularly
made cut as required b. the charter, thlfty days
before the annual elections The statement. BOOK
Of the Company showed the iaiseh)ol Of THIS
charge. Another charge wa that lie sta ,m9nt
of trusts bad Mt been annually deposited 10 .le
Court Of Chancery. s.ch statement vas resu-
larry made as long as tha. Court hal an exi7tsnce.
Another charge was that the Company was deal
ing in aud lending money Oh Fancy Stocks Ihs
was denied in the answer without reservation
No Fancy Stocks whatever had been bought or
sod aad 70 loans made upon anything bat s5aal
dividends and pay ia- stocks, with large margin
The best evidence Of the goodness Of the s3cari-
tics upon which loans are made by his Company
is the fat that 10. a dollar has been lost by such
looms in a number Of yeas.
The charge Of insolvency was replied to IN the
negative as the Company has ample means -
meet ell its Obligations when due, aLl has never
failed to pay the interest on its certificates regular
". Its capital is impaired but It's Liabilities have
ALWAYS been net. Its income is at least Shty
thousand dollars this year beyond it, payments
which viii be added to the capital as the surplus OF
previous years las boen The annual statement
of the affairs Of the Company shows that 1t pos
sesses assets, at fair valuation, worth thirteen
hundred thousand dollars showing the sto'k t. b.
worth g. according to this valuation. Ia,luded in
this amount are eight hundred thousand d5.lacs Of
Mohiann Central Railroad stock and bonds re-
ceived in exchange Tor Michigan State stock, which
the Company had held for number Of years and
on which lie State did not pay interest. The ex-
change was highly favorable to the Company IS
they have received every year, on The stock and
bonds Of the Railroad, eight per cent. dividends
We presume the reply of the Company will prove
satisfactory 10 Mr. ChatfelJ, aud tha. the sat WI
be withdrawn.
The Annual Reports of the Housatonic lta'road
Company show that for some four or live years
past, the average net earnings Of the Road tna1
have been divided among is stockholders have
been about 500 600, besides paying the rent OF
a. cent. to tie Berkshire Company. There is no
good reason 70 believe that the net annual earnings
ofthat Company, for any given number Of years 70
come, i'll be less than they have been, AFTER pay
ing the rents to the stochbridge ani Pitisled ani
berkshire Roads. The business Of that Company
for two or three months in the year, from Albany,
may possibly alter q lew years, be lessoAedi bat
there cannot be the slshtes, reason 20 doubt that
the increase OF passengers and freight On the Inc Of
tie Road, and in other places on which reliance
NAV be placed as permanent soCrccs OF Increase,
will very soon more than equal any loss that may
be anticipated irrn the diversion OF the Albany ba
siness 10 other channels % communication. IL IS
believed that the Stockbrilge and Pittsiied Road
will provo a source of profit 70 the Ho1sa.onic
Road.