The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-03-05

WIN always DO more less active It requires such r
small capital to move great nunbsr Of sAarss sad .
small advance gives such large per cent profit On tie
Investment that this class stocks must oontnue In
demand and attract many outside oSsrAtors. The
stock Of the New jersey Exploring snaMining Com
pany 10 steadily advancing. Very little b known, -
yet OF the merits Of this company but those who are
posted up, quietly picking up every share offered
The manufacturing operations Of this company are
Of the most extraordinary character and must be seem
to be believed. The profits Of the business in wk,ch
the company Is engaged, must be An enormous peg
cent on the capital employed.
The receipts at the ONCE Of the Assistant TreAsurse
Of this port to-day amounted to $e705 80; payments
1888 75-bslancs, e3,SI2625 70.
The Jefferson Insurance Company have declared 6.
dividend of three dollars per share, payable de-
msnd.
The Grocers' Fire Insurance Company have declared
dividend Of five per cent payable on the 10th inst
The Phoenix Bank, at Hartford, has declared . semi.
annual dividend of four per cent.
The assgnees of the Commercial Bank of Manshes.
ter Miss, have declared dividend Of ten per cent
payable at the Manhattan Bank, on the 10th inst.
The Provincetown Marine Equitable Insurance Com
pany have declared dividend Of S25 per share last
years business.
The receipts Of the Erie Railroad Company for tho,
month of February, 1861, amounted to 1881 40,
against $l02,212 81 for the Same month last year.
showing increase Of s2Se2 20 Tor the month this
year -
Total receipts January and February 1851. .s27ool1
Do. do. dc. do. $780,. 2l5,lW
increase 1851, equal to 26 per cent go. $54,s47
At this rate Of increase throughout the year the AZ
grsgate income for 1851 will amount to two million Of
dollars On Thursday the 9th inst the whole issue Of
convertible bonds of the Erie Railroad Company,
amounting to three millions, ave hundr cd thousand
dollars 49, 500 o0o) will be sold at the Merchants Ex
change, without reserve to the highest bidder. The
bonds are Issued in sums Of $1,000, dated February
l. 1851 and payable in twenty years bearing interest
ct the rate of seven per cent per The bonds
are convertible into stock at any time within ten years
from date.
By Q communication from the Erie Railroad Com.
pany, published in another part of this days paper It
win be seen that all the objections to diversion Of
tho ger traffic from the main track Of the road
at Ramapo, have heen satisfactorily answered. The
people Of RoOkland county have cause complaint
and the company have not 80 far see, acted
contrary to the spirit and intention Of tho charter In
the construction Of railroads, State lines limits
should never be recognized, Travel will take the
shortest route, and the company that make the
best time in the Of its passenger and
between certain points the greatest distance must
and the traic The idea Of comp ing the Erie
Rsrssd Company to carry passengers to Piermont in
coming to going from New York, Is absurd; and the
travelling public have compelled the company to make
Of the shortest and quickest line In reaching their
road from this city. 30 long sufficient number Of
trains to accommodate the people Of Rockland
county, 1t is all they ask. 1t Is impresseu
that the opposition to this and desirable arrange
msnt Of the Erie Railroad Company, comes from
large class Of land spectators, both sides Of the
Hudson river, In the vicinity OF Pisrnont, who have
been disappointed in their calculations.
The value Of merohs ndise imported into this port
for the month Of February, 1851, was as'annsxsd:-
COMMENCE or THE PoRr New YoRH-vALuE OF
EXPORTS.
1851 Free Duiia5le. Specie Dut.es
February. Sl,2o8,036 S9,4A2,007 $lei031 s23s5,349
withdrawn from
Warehouse 800, 438 IA
Entered from
Warehouse 1240320 A6O0l4