The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-05-24

oiepcv. in round numbers, Of f3720O0. portion OF
this will no doubt be raised In the vicinity OF Phiis-
delpha There eghty-three miles OF the road al
ready completed, and the construction has thus lar
cost less than the estimates rare circumstance IN
this are of extravaganza and railroad folly
The last annual report Of the Providence and Wor-
cester Railroad Company gives detailed account OF
the operations during the past year 1t appears that
the stands at 81 954 $780, the
capits stock being 45T 500 and the bonds s424O00
The bonds due In August next, and there are no
means Of meeting them, except by sale of stock, or
an issue OF bonds. At the present price Of the
stock the directors do not think IL possible to get
funds from that source; neither do they think the
funds be raised at this time bonds at per
cent They, therefore, recommend application to
the Legislature at their session in August next, for
power bonds with interest at the rate of per
cent the whole amount issued not to exceed the
OF $500 600 at time including those issued by
the company; and that the board if they think pro-
per- shall give any party holding any Of the bonds
the right to exchange them for like sum- at per
cent provided the Legislature give the authority re-
CURED The original estimate Of the cost Of this road
100000 dollars 1t appears to have cost nearly
100000 In view Of this fact committee chosen
to investigate, ascertain and report at adjourned
meeting the Of the increased cost Of the road
and equipments over the original estimate.
Counterfeit $50 bills on the Northern Bank of Ken
lucky have made their appearance West. The paper
is pale. and not quite large as the genuine. We
also understand that a considerable number Of coun-
terfet dollar bills the Northern Bank of Ken
lucky and also on the State Bank of Ohio in
circulation. The Kentucky notes tolerably well
executed but the paper is thin and fimsy and the
signatures very bad. The Ohio notes easily de-
tected by their bad engraving.
The Collector of canal tolls, at Pittsburgh has
the paper Of the Erie Bank at his office.
The bill appointing receivers for the New Hope Della
Bridge Company passed the Pennsylvania Legis-
lature but not in the shape in which passed
the New Jersey Legislature. Samuel Buckman, John
Runk and lillian Wilson the receivers named in
the Pennsylvania law-only of the three being
named in the New Jersey law and the bill is altered
in other respects The consequence of this Is of course,
that the acts of both legislatures for the present
imperative and will be- until of them shall make
its act conform to that passed by the other.
The directors of the Troy and Boston Railroad Com
pany in their circular state that they have contracted
with responsible to build the road to Pownsll,
Vermont thirty-six and half miles-its entire dis
tance-for $40 900 which includes every expense
connected with building the road, to iron and
land damages; to be paid follows cash, $500 900
stock S2o0OO0 bonds $500 OOo If this plan strictly
carried out it will prove, should judge, wise and
judicous arrangement, the company know just
what their road is going to cost Fer furniture Of tho
road and interest they estimate $50 900; making
total Of ss5ooOo of which $4,000 is subscribed and
sos 900 more is taken by contractors-eaving debt
of $4,000 The contractors to finish the road
or before the LIST of July, 1851"