The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-03-08

from San Francisco, brought down. It IL stated one
million OF gold each. From the mining districts the
sdvicss are not OF the most favorable character and
the reports Of the California markets do not give
q very encouraging statement Of trade Business
was au and prices for most OF the staple articles OF
commerce were much depressed.
We annex copy of the injunction served Yesterday
upon the president, directors officers and agents OF
the Morris Canal and Banking Company
MoRRIs CANAL AND BANKING CompASy.-ISJysor,oy.
New JrRrrY, TO WIT: State of New Jersey to the
Morris Canal and Banking Company their Officers and
agents and to each and every one OF Them eting
Whe.ea 1t hath been reported to Chancellor i'm
our Court Of Cbanesry, on the part OF j. X. Jones'
com pianant that he ha, lately exhibited his bsi OF
against you the said Morris Canal and Sank
ing Company. to be released touching the matterc
therein contained in which said bill 1t is among other
matters, set forth that you the said defendants
coutrivng and with others to inure the
complainant touching the natter set forth in said bii
and that the actin and doiDgs OF you the said defend
ants are contrary equity and good conscisnce;
therefore in consideration OF the premises AMI OF the
particular matters set forth in the sas bill do COM
mand ou the said Morss Ca nal nd Banking Company
your officers and agents and each aud every OF you,
under the penalty that may fall thereon that yous
and every Of do absolutely divert and refrain from
permitting any holder owner OF any part OF the
forty one thousand shares OF the old toek OF the said
Company from transferring In the books Of the safe
Company o. otherwise so rs to bind ad Company any
pr or portion OF ssid thoussa shares except
upon the surrender OF four osad lastnamd cnarss TOR
OF the transferring in the books OF said company
In that proportion and from voting every election
OF directors OF said company except upon tn ratio OF
vote Tor every four shares of said stock that
any inspectors Of election for directors in said
pany hereafter To be appointed be prohibited IRON
cering any votes from said directors but upon the
aat basis of vote for every tour OF tho original
hares until eur raid Court shall make other order to
witness oliver 8 Hal.tead, ESD our Chancellor, at
Trenton this 9Th day of March in the year
one thousand eight hundred ana afty one.
J. NANARSDALE, Clerk.
W HALsrEp, Solicitor.
According to the last report of the Lewis Csunty
Bank, Dec 81 the amount in the leading department
was follows
LEWIS couSry BAsK, DEC 81, 1850.
Loans. Specie. Circulation. Deposits. Cdpitaf.
s24s sos sSo4o sl4E,4so s4l23I 100000
This being safety fund Bark, bill holders have NO
other security beyond its assets than that given by
the ssfety tund Of The State The amount o. specs
hand was very small compared with the amount OF
circulating notes outstanding The credit of this
bank las been doubtful for long time. 1t has sus
pended twice before aud even in the event OF
i recovering from its smbarrassments this time, it
would BE- well enough to avoid its bill, In regardto
the free bank, reported q, having suspended th.rs
is no DANGER OF bill holders losing snythiug. The
Comptroller has securities to an amount sufcient to
pay one hundred cents on every dollar in circulation
The books Of subscrp on TO the capital stock Of the
Sussex and Warren Railroad Company to be opened
at Columbia, Warren county, on Tuesday, April LIST.
Tie capital is $500 In shares of $50 EACH SIS to be
paid at the time of subscribing.
Recent movements in the cesl trade have drawn
public attention the position of the works
of internal improvement connected with the trans
portason Of the material and able anxiety
exists relative to the possibility Of their sustaining
themselves under the competition which is sare to be
carried on during the present season. The Reading
Railroad Company stand, at the head of the list OF
works connected with and depending entirely upon the
coal trade for support Its immense cost, and enor
nous current expenditures, require an income much
greater than that of any other work; and 1t must,
therefore, feel more ssnsbly any reduction in the
tariff Of charges competition of any KIDD from any
source Thus far this the railroad
had the monopoly Of the coal carrying trade from
schuy kill county and its receipts, compared With
the ding period last year, show handsome
increase. But rival works are about commencing
operations, and in few weeks expect to des-
rerate struggle going on between them ell. 1t isa
well fact that railroads cannot successfully
compete with canals in the transportation Of heavy,
bulky merchandise, aud In the coal trade tae supe.
rority of canals s clearly illustrated 1t is true tina
canals more subject to disasters from treshets,
breaks so; but they can carry coal much cheaper
than railroads, that they must, when In navigable
order command business fully equal to their caps
city. The Reading Railroad Company Is about eater
ng upon season Of peril and danger, and We fear
the result will be much disastrous than Is gene
rally anticipated. Last year nothing in the world
enabled the company TO declare q dividend bat tho
unprecedented freshests OF July and August, which
gave II the monopoly OF the carrying buasss Up to
the first Of July 1850, the company had not esruei
the first cent towards ividend 1t Is yet the i'm.
preston on the mirds Of many, TIA. the company
did not the 6r;t cent towards q dividend on last
years business For the present year the pro. pset is
by no means promising, aud for the purpose OF pre-
ssnting fair view of the trahio operations OF tho
company, we have made out estimate of the proba-
bic earnings and expenditures for 1851. IL will DO
seen By this that dividend anything like the last
entirely ous Of the quettion. Nothing but two or
three frehets like those OF last summer can rave the
company from supenssion OF dividends and from
great ineresse In its construction s;eount:-
READING RAILEoso- ESTIMATE FoR 1851.
Income
ALLOW Tor the trsnspor alton Of 1900 600 oas Of coal
at the average rae OF 81 IS per ton deducting dunn
page and drawback on what 10 shipped to Ne. York,
Merchandise and travel, same last year $50 600
Mall ..,.....,......... .,,........... 10000
Total. ....... ........... 81, 100 600
On coal o. H. 100 cenis per ton ?. !. y545 600
Eerchanglfe and paasDgsrs 1880
" uDpags. tE cents per n........ 1900
Missing coal sundriss, like last year. 4lCoo
- QD5 ooc
Net preht' for the year ........:... s7es 600
lntsrtst On bonds. ....,........ fei32e5
renewal fun ............. stT3t