The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-03-03
Excess for February, 1851. T..
$500 s5s AZ


The last general statement OF tho Lykcns Coal Com
psny made to the Leg.xture for the year ending Dec
3lst, 1850, gives the annexed exhibit. Real estate
soiloso u; personal property, s3,o3i ST. building,
and Improvements, S20,oe9 13 miaing accounts,
soolo37 ~; inclined planes and road s25o55 ST. basir
and pier, Sl2S is; brake and shutes sl5157 "a
water wheel engine and house Sill 49G 81; coal cars.
WHAT'S 10; timber and railroad iron $500 OF; due
from the Lyken's Valley and Railroad Co. sls72e 81
que rom the Wisconsco Canal Co. $751; 70; stocia
in the Lykens Valley Railroad and Coal Co. s2D3 as
70 interest on bonds and other aceo ants, s4274s
accounts, $4Ss 20; expense accounts $40
&C. notes receivable, ST. 779 49, due from sundry per-
sons, sl5le4 ST. coal on pier at Milisrsburs value
s5ta5 profit and loss 81 2is 81 cash in bank and ia
the hands Of agents and superintendent, ss,7o4 90
Total $3.50 $50 81.
Capital stock Po66 shares $3.50 800; boad and ort
sase on real estste, 5000 bends maturing in 1858
s7beoi ditto, 1885, s0o,i00 ditto 1850 t6ssco; datt,
1850, sis9Sooi bonds for land sI2 500; notes payable
slS2 q due sundry persons, sso27 o. Total
$50 $50 a.
The receipts OF the Atlantic and g. L.vrsnos Rail-
road for the elk months ending Dec. 81, 1850 were
ssloss l2-expenses $50 2os 2l-net earnings eel ssQ
W. IL must be borne In mind that the above rscsp.
are rom operating the road from Portland to Boutl
Paris dstsncs OF Az miles which Ia a. far "A In.
roadhn been opened. The road will be opened In few
days from souh Paris to Bethel, a further dis
tance OF z11s miles The wholecost of the road
from Portland to South Paris including .auip-
ment and cost Of Its extensive depot ground.
wharres, stores &c in Portland 1, 15asie % which
will be seen gives to the Stockholders on the invest
ment for the last Elk months ear pngs of the road
within traction OF four per cent or q. the rate Of
eight per cent annually
4 very important case came up before the sapssm.
Court OF Illinois at Springfield early In Jsorary las.
excited eon,idsra5s Interest An agreed case wat
bled and IL was moved that psremrtory mandarin,
lie Issued to compel the auditor Of public accounts &c
draw warrant upon the treasury for the proceeds OF
the two min tax levied and collected under the provi-
sions ofth ner consttution to be applied on certain
stste bond' piesepted for payment the fret DAY OF
January, 1851 The motion resisted en- the follow
Dg grounds
That the Governor OF the State was the person
charged oy sr With the appropriation sod oaskurse-
That the State had right to retain IRE rai.,
,hsr re o. th. tss and apply 4 upon the eeposn mad
Congress tor the distribution OF the surplus revenue
as that deposit was . dspt due sy the state.
D. That certain iuterest bonds had been prsseptsl..
70 70" Governor and that the holders Of these bond
had right t. shsr. pro rar with other boada oIders
citroutcn OF the fund in controversy not ssastand
ins they failed to present the bond, for p,ymsnt on
hrst day iJsrusry 1851 tn. Gsy fxed W FOR
Written argument, were died for the r,ls.or.. snes
Tor respondents.
The court announced their Jecisios. sveraing q.
psrsn ptory writ fmapdamus according to the motoa
by this decision four important questions ere deter
mined, viz
That the auditor IL entitled to the spprcprlatiora
and DE bursem sbt Of the two mill tax
That the surplus revenue deposit IL not debt
a an.t the State
That hi, inDd !, to b. paid on tn. pi-eipa Of the
terest.
That those creditors who failed to present. their
bonds the hr.t OF Janssry not enttl.d to share
In the distrbpton OF tn. fund
Under this decision Sos 6e9 % in specie PAID
towards the expguishment Of the State dett OF mi.