New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-01-30

Total s7.l35toj 90
Tue Long Island Bank has declared dividend
Of 8 q cent for the past six months.
The Massachusetts Croton Mails Mass have
declared a dividend Of 3 T. cent.
The York Manufacturing Company Mass
dividend Of Q g cent
A bill has been introduced iato the Legislature
of Missouri, BY the Committee on Internal La
proyements, authorizing the Governor TO advance
to the Pacific Railroad Company Bonds Of the
State to the amount Of s. 100000, in installments
Of 100000 each provided toe Company advance
and expend on the Road $4,000 for every $780,
600 in bonds advanced by the State. 4 like
amount of bonds is proposed to be advanced 20
the Hannibal and st Joseph Railroad Companies,
subject to the same conditions
An Ingot of Silver, weighing over twenty-three
pounds, has been received at the Mat from the
Washington Mining Co. North Carolina.
The PiHQdelDhia Ledger admits in the follow
ing article the ineficency of the Philadelphia
Mint to meet the wants Of the country:
We learn by letter from the Director of the
Mint that the DELAY in the coinage Of gold dollars
and other small gold coins is in consequence OF an
insuiiciency OF scales by which TO test and adjust
the weight of the pieces before stamping. Poo,
as this last excuse Is, we are glad 10 learn from
the same source that it is not likely 90 last long.
Three different manufacturers are nov engaged
to supply the deficiency who are expected by
their ioint labors 10 produce fair pee Rec sc1eS
per freek The average number OF pieces witch
may be adjusted in day is about six hundred
so that, for each new scale received, the Mint
is reinforced for gold coinage, to the amount
of Sl56OO per month in gold dollars, $4,000
per month in quarter eagles, and IN proper
ton for the larger pieces. Its present force en-
abes IT, in addition to the larger pieces, to adjust
and coin about bali million per month in quarter
eagles and gold dollars. The expected increase
in the supply of scales will add a weekly increase
to that amount Of some $4,000 in the same coin,
to continue in arithmetical progression till the de-
mand ceases The Director takes occasion 70
assure the public Oi the unlimited ability OF the
Mint 10 coin gold, and yet the last annual state
ment OF gold coinage places the Mint on oneorthe
other Of two horns OF a dIlemma-it either has not
the ability or having it, has not the requisite en-
ergy 10 put it 70 a test. Those who will hunt
the last annual statement will ind that OF tle
SIS 7j6 44J Of gold coined last year, covering tgo
million two hundred and sixtyo thousand aud
seventy nine pieces, S2}. 405,220 were in double
eagles and only Sisl,9j3 were in gold dollars
The amount of quarter and half eagles cuts a cor
responding sorry figure in the account, proving
how thoroughly the theory of cOmpens alton seems
to be understood at the Mint. There has been a
manifest desire at the Mint to make large show
in dollars Of work done, and hence the double
eagle, which is easier made than the dollar and
counts twenty FIVE times as fast figures 50 largely
in the statement OF the years business. TIE
clamor at New York for a Mint and the demand
on the part Of the banks for small gold. is forcing
a little more energy into the business operations
Of the Mint here and ii it is kept up throughout
the year, pretty fair supply Of the more useful
gold coins may be obtained.
From the Annual Report Of the South Carolina
Railroad Company we learn that the gross re-
ceipts of the road daring the past year were
s9l272O 25-and the expenses OF management
s3s4,9i0 s5-eqaal to ~ Z cent.-leaying for
net profit s52s,679 40. From this sum is to be
deducted interest on bonds, notes and scrip paid
of and other charges, 1891 16-leaving for
net income s3396sS "a. Out of this two divi-
dends OF 9 2 cent each have been paid during
the year, amounting to sl74,6OO 90, and the sur
plus sl65Oss 81, carried to the credit Of the Re.
served Fund account. The total investment in
the road amounts to s6649,2e5 II.
The Hamilton Canada Spectator, says that the
notes of BANKS in the United States, which, few
months ago, were worth or per cent. premium
are now 8 drug in the market and are sent to
Buffalo for exchange at par.
At meeting Of the stockholders of the New
London Road on Monday, the Directors were or.
dered to put the work under immediate contract
The cash subscriptions to the road amount to
100000, and there is now nothing to delay its
immediate construction. A delegation Of gentle
men from Norwich were present and stated
their reasons for believing that it would be better
10 run the road from the Connecticut River to
Norwich, instead OF New Loadon. Some debate
occurred as to the difference Of grade between
the two routes their relative importance, &c;
but the stockholders were satisfied that the New.
London route offered the best inducements, and
that the terms OF subscription compe led the route
in that direction.
The Boston Journal says, We hear every day Of
the accumulation Of money IN this market, though
more scrutiny IS exercised among capitalists as
to the securities they take, than formerly, aud
they are disposed to loan upon stock collaterals
below the legal rates, until they can ind such Sc
curities as will satisfy them.
The receipts Of the Boston and Worcester Rail.
road for ne year ending Nov. So 1880 were s7p5 81
Noiking Expenses. 3T7Ofl os
Net income. 70
Reecifr4 Ileol4e as " sf.s-.s.-.-s..S-.fb %
Premium on sale Of Boucs............ a4i9 s.
l08l 63
Tea. Get income $Ss3Sl3 30
:. July dividend Of 5 p cent. $500 %
rs