The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-05-01


&C takes out very little specie, but large engage
ments have been made for shipment by the steamship
Asia leaving this port for Liverpool Wednesday tho
It'll May and the steamship Humboldt leaving this port
for Have, on the 9th, and large amount of gold
and silver win probably be forward by these
In the o rates exchange falling OF before
the departure Of the packets named great many orders
will be countermanded; but the prospect for such thing
happening Is very poor 1t is impression that the
weekly expectation Of specie from this port will for
time, range from onehaf TO million Of dollars The
receipts Of California gold at this port this year have not
been equal to the shipments Of specie this to 70
reign ports in the period The receipts gold
at the mint in Philadelphia do not all come through the
port Of New York neither does follow that gold dust
received at the Philadelphia mint is from California
According to the custom house returns Of San Francisco
for 1850 the Of COLA dust shipped from that port
in the first -four months Of that year si633Ts5 1t
ia well known that TO the latest dates this year the
shipments OF gold dust from Francisco had been
than for the corresponding period the year previous and
large portion Of the California gold dust received at the
mint in Philadelphia since January lst 1851 have
been imported during the latter part Of 1850 g;
The American Exchange Bank has declared semi
annual dividend of five per cent the Brooklyn Union
Ferry Company, semi. annual dividend of three and
! half per cent
The Michigan Southern Railroad Company will pay the
interest due on their LIST Of May the Me-
chanics' Bank.
Stockholders in the Mum Illinois Land Company will
be paid the LIST Of May dividend of fifteen dollars
| per share.
The lower house Of the Legislature of has
ordered to third reading the bills to increase the capital
Of the Worcester and Nashua Railroad Company and to
incorporate the Amherst and Beehertown Railroad The
general corporation bill ordered to be engrossed
meeting Of the friends Of the Providence and Plain
field Railroad was held at Providence the 2ith inst
report read, showing that the whole amount sub
scrbed S340oo exclusive Of subscriptions which had
been made condition that $4,000 should be sub
scrbed and which had not been transferred upon the
ondtion that 100000 should be subscribed In order
TO hold TN. subscription, it necessary add to 1t
$500 0co OF this 100000 could be obtained out of
Providence leaving bu. 100000 be subscribed About
50 shares $4,000 subscribed and additional num-
bers added to the committee The following resolution
was unanimously passed Resolved That this meeting
will adjourn to meet at the place Saturday May
at So o'clock NJ, and that if by that time the sub
scrpon shall not be raised 100000 there will not be-
in the opinion Of this meeting sufficient encouragement
for the committee to proceed further
The Montgomery and West Point Railroad has been
completed-the first railroad line constructed in Ala
bams. This is very important road to Mobile and will
open to that the trade and travel of large number
Of counties in Georgia IS well as in Alabama.
From the annual report Of the Nashville, Chattanooga
and Charleston Railroad Company, learn that the
present amount of capital is S255o765, of which
Sl,21O0o has been paid in Nashville and Charleston
have subscribed 100000 each and the Georgia Railroad
Company $3.50 900 1t is expected that seventy miles Of
the road will be finished during the present year The
report estimates the cost Of completing the entire line
from Charleston to Cairo H., at less than sl50Oo0oo.
The Railroad Convention lately held at New Orleans
to consider the best plan Of connecting New Orleans y
way OF jackson Mississippi with the great system of
railways now under consideration and projected in the
States Of Mississippi Alabama and Tennessee decided to
make road from New Orleans along the banks of the
Mississippi river far Baton Rouge and thence
dverge towards the State Of Mississippi This will give
continuous line Of railroad between the extreme points
Of about two hundred miles in length which Is esti-
mated TO cost three million dollars rival proposition
submitted proposing to run the lroad by way Of
Madisonyine, and TO connect with New Orleans by q
steam ferry the rejection Of which caused its friends TO
withdraw from the convention. The friends Of the
route adopted composing large majority Of the
vention think that it will be carried cut speedily and