New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-01-10

Of this 100000 bears interest at the rate Of
A., s3s OO9 5l7 81 at s. and s23s 1896 81 at ct.
The following sums were realized from the va
rious lines of Public Works:
Main So
S NoTih Bfansb, ACKNOWLEDGEMENTS. 1883 70
Ss i; Ts9:%. ao7l9 i
Beaver, old balance. %
Total. l6
The Governor of Indiana states in his message
that within the last nine years. by taxation alone'
the State has liquidated Of its domestic debt, In
principal and interest the sum of s2,529, 1885, and
have paid of interest en- its foreign debt, including
the January interest, 1851 the sum of s739 269
making a total of s3,26s, 425 or over 100000 per
year, in addition to the ordinary expenses o.
the State, sum equivalent 60 half the present
State indebtedness. By the year 1852, with the
improvements proposed in the revenue system,
the saving effected by biennial sessions of the
Legislature, and the revenue to be derived from
the Madison and Indianapolis Railroad, it is esti-
mated that the Treasury will be able within that
year to appropriate the sum of 100000 TO the
payment of the principal of the foreign debt.
table has been prepared with great care, assuming
the revenue Of 1853 to be $4,000, that the annual
that the sum of 100000 may be appropriated the
first year for the payment OF principal; and that
this sum may be increased every year thereafter
by the three per centum Of increase, and the
amount saved in the interest account. Under such
an estimate which the Governor believes islentire-
ly practicable the public debt will be liquidated
in seventeen years from the first payment. The
Governor disapproves OF municipal corporations
subscribing 10 stock in the various railroad and
other public improvements which are at present
in the course of construction projected in the
State and thinks they should be carried on entire
ly by private enterprise.
The Money Market at Boston remains quiet,
with but few paper negotiations outside Of the
Banks. Collateral loans are made with greater
facility at from az y cent.
The earnings of the Rutland and Burlington
Railroad for the six months ending Jan. LIST, after
deducting amounts paid and due all connecting
roads,
And The expenses during the period... 5l255 10
Leaving balance Of net earnings Tor the six
months 81
Calculating the earnings Of an entire year upon
this basis, and it will leave six y cent. on the
common stock at the present market price, say
500 per share When it is considered that the
business of the past six months has been inter
rupted by almost unexampled freshets in Yer.
mont, the above result shows exceeding well for
a road which is yet in the infancy Of its develop
ment
The New-EnglRnd Mutual Marine Insurance
Company have declared dividend of 20 per cent.
for the past year, issuabe in scrip also divi-
dend of per cent on their previous issue of scrip
The fifth annual report of the Directors Of the
Fall River Company states that the gross in
come from all sources, for the year ending Nov.
81, 1850, IS
Total expenses lJ6s 81
Leaving balance Of Is
which has been used in diminishing the COmPanys
Indebtedness increasing construction account, and
by an increase Of the materials for working and
repairing the road. The operations Of the past
year show an increase of earnings over the year
ls4s, of s36,O37 So and diminution of expenses
of 1924 10. The reserved fund is s26,7l2 -.
The total cost OF the road, on the 3Oth November,
1919, was SlI52,l6 OF, from which deduct the
amount of the past years earnings credited by
order of Directors, lSs4OOO,) and the balance
sl,O6s,ls7 OF is the cost Of road and equipments
reported to the Legislature the present year.
The amount of duties collected at the port Of
Philadelphia during the year 1850 was s3,36l,ll2
ls, against s2,7l4,965 "a in ls49. Increase, $685.
l46 "a, or about "a e cent.
The Ohio Constitutional Convention has re.
jected the section giving power to the Legislature
torepeal charters of Banks and other companies.
The Syracuse Star states that the Merchants
Bank was organized in that city on the 3lst ult.
with capital Of sl35 900. John D. Norton, Pres.
ident; Eli Il. Sherman, Cashier.
The Directors of the Galena and Chicago Union |
Railroad have been in session at Chicago, upon |
the question Of 4 connection with the Eastern |
roads; and have concluded an arrangement upon |
which they mean TO meet any railroad company |
from the East which will connect with them
The terms of the proposition which the Galena
and Chicago Road makes, are Is follows They |
agree TO lease the route between Chicago and the
Indiana State Line to the Michigan Central Rail.
road, the latter TO build the road in the best man.
ner. The Michigan Central Company viii allow
the cars Of the Michigan Southern Company to
run on this road to Chicago, on fair and equitable
terms, the Gslena and Chicago Company TO be
the umpire. In return, the Michigan Southern
Company is to allow the Michigan Central Com.
pany to run their cars on the ROAD between Mich.
gan City and the Indiana State line on fair and
equitable terus The terms Of the agreena,. |