The New York herald., 1851-07-15


xhsre no movement os Importance in any leading
hncy Quotations generally compared with those
rent Saturday, exhibit slight decline aud there
very little disposition the part OF SPECTATORS to ope
Sate either way Al The first Board, Harlem fell of a
ysr cent Erie r. r., q Reading r. r., u Norwich
and Worcester, 2 Canton Co advanced * per cent
Morris Canal 1s.
The receipts the Office Of the Assistant Treasurer Of
this port to-day amounted to Sl2S334 5s; payments,
$65 7e0 S0-balsnce, 81, ,237 l3l 03.
The steamship Franklin from Havre, brings four days
iater intelligence from all parts Of Europe The news,
In commercial point Of view, is Of unfavorabs cha
yacteY Quotations for cotton have found deeper DEPTH
and there little doing among the trade that it
question If the closing prices could be maintained
Breadstus had declined In consequence OF the favor
able appearance Of the growing crsps We have no
shange report in the money market The bullion in
the Bank Of England lily increasing which is
the only encouraging feature In the advices by this
arrival.
The Hartford Providence and Fishkill Railroad Com
pany have declared dividend Of five per cent. The
Delaware and Raritan Canal, and Camden and Amboy
Railroad and Transportation Company have declared
remiannua dividend Of FIVE per payable the nth
efJuly The Augusta, (Ga) Insurance and Banking
Company have declared semi annual dividend OF four
dollars per share payable demand; the Mechanics
and Traders Bank, New Orleans semi annual dividend
the lst ofAuguit the Bank of Kentucky sem-annual
dividend Of half per cent payable at the Bank
Of America the 18th Of July.
The transfers of u g. stock foreign account made
during the week ending the 1lth Of july fol-
lows Loan of 1s47 S25 600; loan Of 1S4S S3l 5O0to
tai s2s350O This unusual amount Of transfers is ex
planned by the fact that the books only opened
the 1 instant and that but four days Of the preced
week devoted to the large accumulation during
~ ia Aka alna
for the preparation Of the semi annual dividends
We understand that the debt Of California amounting
70 $500 funded and bonds bearing interest
at the rate Of per cent per payable semi
annually in the city of New York redeemable in five and
ten years have been issued direct tax has been le
We'd for the Of paying the interest promptly and
the State agent will here perfect the arrange
nents necessary Nsarry this act into operation.
The trustees c Vthe Bank for Savings, Chambers
street. will pay interest to be paid to deposisors of
Eve per cent per for the last six months ending
1st inst, on all sums amounting to five and under five
hundred dollars; and interest Of four per per
aDnum all sums of five hundred and upwards, pay
able after the third Monday Of this month In
teres called for will be carried the credit depo
sitors rs principal.
The aggregate amount received for tolls on the New
York State canals the navigation
to the 7th Of July, 1851 inclusive, 67s SO
bame perlod IN looO vSZ,o62 W
Increase in 1851 Observation-Disclosures S219O15 80
At the same rate Of increase throughout the season.
the aggregate receipts at the close Of navigation will
fall far short of the total of lS47.
The Harlem Railroad Company have declared semi
annual dividend Of per the old capital stock
out Of the net earnings Of the six months ending June
90 The earnings Of the company have been large enough
to warrant the payment Of larger DIVIDEND and the
Board Of Directors must have reserved a great
plus for purposes best known to themselves II they
wish to depres the market value Of the by making
no increase in the rate of dividend, it may be well
enough far they concerned enable them to
get all the stock they want at lower prces they
wish larger surplus to their credit in any Wall street
bank, for any other purpose they may accomplish the
object they have in view; but all this out Of the
pockets Of the stockholders and they have redress
The laws Of this State very defestve this point
The board Of directors In all our incorporated cofpA
Panes, have absolute control the financial affairs
and operations Of each, and the stockholder
have voice in the matter, except at the
elections. In the New England States the stock
holders have a voice in every movement, and at the
annual meetings. accept refuse the majority de-
sides, the amount Of dividend fixed by the board of
directors Here the Of dividend fixed by the di
rectors, from whose decision there is appeal The
sbsss Of this power is papable in the management of
themselves of the FIRST opportunity provide for bet
Ter projection Of their interests and place in power
who will give them the benefit Of the profits Of the
paDy The annexed statement exhibits the gross income
ans expenditures Of the Harlem Railroad Company for
the frst six months Of 1s5l-
New YoRx AND HARLEM R.rLRoAD.
Gross earnings for six months ending June 30,
Operating expenditures do. do, estimated. lil s32
Net earnings sln,sa,
surpIs on hand after payment Of last dividend 22Ooo
Net revenue. sl63o32
Dividend preferred stock. ........... 500 600
Interest ON debt, estimated. .......... 1900
Dividend ON old stock, per cent. ...... 5000
Surplus In hand ACKNOWLEDGEMENTS. S+09J2
Itappeas by this that the company hand on the
list July 1851 surplus Of nearly foryon thousand
dollars after paying all dividends interest on debt and al
lowing fifty per cent Of the gross receipts for running or
operating expenses The company could have paid semi
annual dividend Of three per cent, and had surplus
In hand Of sixteen thousand dollars The gross receipts
Of this company In 1s49 $4,000 which the
directors declared and paid dividend Of four per cent
In 1850 the receipts $3.50 and the arec
tors paid dividend Of four per cent In the first six
months Of 1851 the gross earnings at the rate OF
sooooo for the year and the directors have declared
semi annual dividend Of only two per cent Now, In
view Of these facts two things pretty certain
either the dividends in lsSo and 1850 not actually
armed or the dividend jus. declared out Of earnings
for the first siI months Of 1851 leaves larger surplus
In hand than calculations above exhibit Taking
the earnings for 1850 and applying the caeu
iston in relation 20 expenditure &c, and we have tn
annexed result
Gross receipts for year ending Dec 81. 1851 $4,000
operating expenses do. do -. 2l50oO
Net earnings ...,...................... s2l50Oo
Dividend on preferred stock per cent $40 600
Dividend on old stock, per cent. $4,000
Interest on debt. Acknowledgements. 1900