The New York herald., 1851-09-08

IInuulInilunlu
0tAe scovs bonds u not than 10 psr cent dis
count they being nrst offered to ths sharsholdsrs.
he~n Quincy, Paine, Smith, Of Montpelier, ana Ly-
man. Of Burlington supported the resolves and they
we're passed, after opposition by b. Hayes of Boston
Who voted sganst them almost alone The old board of
directors we're elected follows whole number of
votes 30 5lO2; necessary for choice l7702 Charles
Paine had 35,tlo, James r. Langdon 33 l77 Chas O.
whitmore 3h2o7, John p. Putnam 33ll7 James O.
Dunn s6ol7, John Smith sa925 John H. Peck s5Ol7
Joseph Clark 292, II. H. Reed 90 R. r. Keith 20 and
three others each
The receipts upon the Louisville and Frankfort Rail-
soed Tor August, were as follows -
FROM passengers. ST. 697 05
...,s"so''ss .................. olS1 o.
1'''''''''.'... .''.......''''...''' oai %
Aossi.s's.... $tl,63l "
1ns shows an increase the July receipts Of eevea
Per cent from passengers, and two hundred per
cent from freights.
Railroads making wonderful strides In the Valley
efthe Mississippi Marietta is the point the Ohio to
be reached by the Baltimore Railroad and already
el294Oo0 have been subscribed for read from this
point directly west to Cincinnati This latter city has
psssed resolutions for loaning 100000 to q company
which is constructing road from thence to st Louis
Prom st. Louis road ia In process Of west.
ward to the State line with the hopes of its running
day the Pacific This continuous ue is but one
Of number stretching in the same direction from East
to West
The Forrest City Bank Pittsburg organized under the
free banking law. will into operation under the best
OF managers and the most favorable auspices. The
STOCK SleOO 600 Is mostly held by Pittsburg capitalists
who are ready to increase 1t to $500 OOO should it be
found desirable
The officers Of the bank are-J @ Hussey, President;
A. w Brockwsy, Cashier Directors Chas ststson,
Joseph G. Hussey, John Nc Clelland Benajah Barker,
and John P. Gribben.
Ten miles Of the Mad River and Lake Erie Railroad
has been relaid at the north end of line and two
miles near Urbsna. large number of hands are
employed on the work and the rail constantly arriv
ing 30 that the work win go forward with vigor The
whole Of the iron has been shipped from Wales some
lime since The ork all along the line is progressing
with great rapidity
We take the following from the Pottsve Pa journal
of the 9th inst relative to the coal quantity
sent ty railroad this week, is 4S4 H. by canal 49,
e+o A-for the week 56 525 06 tons Total by railroad
lI6n n3 05 tons do by canal a7SOl5. There has been
increase Of upwards of 5000 tons this week There
ia slight falling OF by railroad and an increase Of
1884 tens by canal predicted last week The de-
nsnd for red ssh coal continues quite as brisk as ever
and some lots have sold at 81 25 per The demand
for white ash prepared coal is also very good present.
The managers of the scbuykin Navigation Company |
have given notice that the toll will be advanced ten
sents per ton and after the 18th inst, making so
cents toll from Port Carbon to Phadelphia. at which
rate it will continue for the balance of the
supposed by thst there Is understanding with
the railroad that the to be advanced by that
conlspy afo, either after the 18th the 1st of
October We give it, however only as a rumor.
The report Of the Albany and Schenectady Railroad
Company. for the six months ending the LIST August
1851 gives the annexed statement OF earnings that
period;-
ALBANY AND scsESrcrADv RAILROAD
ftsrs Jor The Sta noihs ending hs 3ist ef Jd 1851
toaovs:-
Rr passengers July months. ....... s5eGsi so
From freight, ........ 80 oli IS
Fer r, nts s............... ...,......... llOC o.,
For n.al service. months 1900 o.
Sstpssso receipts tor rJuy...,.,,,,s.... p 900 90
Sls,v.eH %
Disbursements
Expenses OF operating the road -. s455os AZ
Interest o. bonds Of the company. 1880 90
Leaving balance (beiEs the net earnings Of
eut :. ,ris sum the directors have, this day,
declared u dividrnd of 81 per cent whicn,
Oh ths capital Of the company, one miller
OF dollar, B ....................... opooo w
Leaving reserve, or surplus balance, Of s9O7l SO
nearly pei the capital stock out of tn
profits Of the last months after paying the above
dividend Ths earnings, progressing will justify
heDceorh semi annual divdends Of less than four
per cent,
The business OF the past six months has more than
equa He'd the estimate made in the report Of February
ls5l as will appear from the following statement -
The receipts Tor tie ending January 3lst 1851
we're. ........................ S2l4 7s6 %
OF TIM amount there recsived during
The six months ending July 81 1850. 10l631 90
Ato cot mate Increase, IL per cent.... ~ 1876 ~
fetal .stimated receipts for six months li3s2s ~ |
he IA Feee IL Ian Ery m fha
July 81, is5l, az above sts:ed weie.... l2o olo 5s
-
Increase in six months over estimate. 6ls3 sd |
making the increase for the past Fix months over the
eoErespondina period Of last year. over Is per cent
Tbs result Is highly gratifying, and will doubtless 4
prove acceptable to the stockholders and others nte
rested Ia the prosperity Of the company And 1t will
nd that this Is realized nptwithstsnjing the
reductien IN a barge portion OF passenSe fares
The sboisnment Of ctnh tJis railway fre ghts /
Which by ths recent act Of the Legislature, viii take
tn-ct the nrst DAY OF December next will prove
valuable In the future and profits of thr
company During the past Fix months .he amount Of /
ssbsi tolls paid by tnis company was 81 Oso 80.
spsRR1NEaEhTA RENEWED EVERY DAY.
PGNSJNAL.