New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-01-25

ms the circulation Of q rumor that Company
had been formed under the General Railroad Law
10 build q Road from schenectady to Catskill
Who are the parties to this plan we could not
learn, and it is probably only kjobblng rase
70 break down the market. This route has been
used for this purpose before and has been brought
before the public yearly for some years past. We
have no belief that there ic any intention to bald
this Road at present, cpd we DO not look upon 1t
as very important to the interests OF the Mohawk
whether it be built or not As local route, there
is nothing to tempt capitalists to put their money
into the Schenectady and Catskill Road, and 1t is
very doubtful if passengers freight would leave
the Central line at Schenectady 10 come down 70
Cstskil there to cross long ferry TO the Hudson
River Road, or to wait for the Albany boat, when,
by continuing on TO Albany, short ferry would
take them to the Hudson River Road. At any
rate. the Mohawk, with its Western and Z sstern
Road connections, and its position as terminating
in Albany, where the terminus Of the Erie Canal
is and where the Railroads from the East strike
the River, and consequently where business must
center can scarcely suffer much from a cOmpeti
ton with such Road as. the one alluded to-
Moreover, before the new Road could be complet-
ed if ever commenced, the natural increase OF bu'
siness would more than compensate to the No.
| hawk for what traffic the new route might divert.
Rochester and Syracuse sold at IL for small
lot Norwich fell off Z y cent but was not offer
| ed freely. Morris was heavy at % at the Second
Board StoniDgton was heavy, and sold at 90,
buyer thirty. Canton was one OF the iirmest
Stocks on the list, selling at SAT. Long Island
was not well sustained bat there was no decline
of consequence. 1t is understood that the arrange
ment of the dilapidated affairs Of this Road is in
fair way of satisfactory conclusion, and that the
sale of the Road will be prevented. Erie was hea
wv with other Stocks, and closed at 592 Govern
ment and State Stocks are without change Of i'm.
portance. and quiet. The Bears have acquired
considerable confidence from the appearance OF
the market Of the last few days, but they yet lin
ger on the brink, afraid to plunge into any heavy
transactions.
In Exchanges there is not much movement, but
the supply is increasing. Sterling IS lO0lOt'
Francs, 5.lO05Os3
In Freights the market is frmer, with small
transactions 1000 bbls Flour were engaged at
Cd, but shpmasters ask l2d A small engagement
of Corn was made at Sd, and Cotton at I'd. Dead
Weight l2s cd 015s. To Havre, the packet of
the LIST is getting &C..
The amount received at the Sab Treasury to.
day was $3.50 ,295, of which 900 was on &C
count of a transfer draft. Paid, s54,266 Balance,
So s22,O6l.
The Bank of Mobile has declared dividend for
the past six months of 3 y cent The Union Ma
tual Insurance Company have declared dividend
of Is y cent for which certificates will be Issued
on the 9Th of February. Interest at the rate Of
y cent on the cash capital, for the year 1850,
and on the scrip issued in ls49 and 1850, will be
paiu un ucmuna.
The annexed statement in relation to the ar
fairs of the Morris Canal has been handed US by
the parties interested for publication The facts
included in it are furnished by one of the Direc
tors of the Company
Several erroneous statements have appeared
lately in regard TO the affairs of the Morris Canal
calculated to mslead the public, and cause inno-
cent holders to part with their Stock greatly be-
low its real value. The Directors OF the COmpa-
ny are ready to show to any Stockholders the true
state Of its affairs, application at their office IN
Jersey City; and it would be well for all who are
interested in this Stock TO call there and learn for
themselves how little truth is to be found in the
articles alluded TO. So far from SI,l75000 being
| the amount of preferred Stock issued. only S492
| 500 has been issued and, instead of q mortgage
|
| under this head. There is no other indebtedness
of any hind whatever, except - 900 floating debt,
| for uhich precision has already been made. The
! new planes on the improved plan are rapidly
progressing, and the Canal will be- opened Tor bu'
siness on the lst May next with a capacity 10
transport 100000 tuns COAL aud, as there will be
an ample supply of boats, and an unusual de-
mand for coal over other seasons, there is every
probability that at least 400 coo tuns will be trans
| ported in 1851 notwithstanding the Canal opens
| as late as the LIST of May. Next year We may
look for at least 500 900 tuns of COAL say nothing
| of the carriage of other merchandise, backward
and forward on the line OF the Canal
| During the past year, without the new planes
and other important Improvements IN the working
| power of the Canal, the receipts were $4,000,
and the gross expenses, including repairs &c.
amounted to 500 600, leaving a net profit Of ESQ.,,
600, which will be mainly expended in paying the
! interest on the Bonds up to the lat April next,
and the dividend OF 10 y cent annum, Just de-
clared on the preferred Stock, payable on the 4th
February, 1851.
| The above is q statement which, as to facts and
figures may be relied on, as 1t Is made under the
| authority of Directors of the Company. The
! opinions advanced may be judged OF by the puo.
| lie who have any interest at stake The BOardof
Directors would have made an official refataton
of the recent allegations against Its interests II
! they had thought anonymous statements worthy
! OF notice The Company never was In so good a
condition as at present, and its managers never
felt more sanguine of realizing the highest hopes
| of its friends than they do now. Let the end OF
| the year determine and, meantime, let all STOCK
holders who feel an interest in their property go
to the proper place 10 learn the truth OF what we
state. We refer them TO the books OF the
| Company, and to the President and Engineer.
who are always ready TO answer the inquiries OF
| the Stockh
Should the Company transport only 100000
tuns of COAL the receipts, including the svSus
Of other merchandise, would probable amount to
about.
EXPENSES;
Transportation repairs asries, and every
charge except interest .... .-...'...s..S9o,eeooe
& cent on Sf2S,ooO Mortgage Loans -..-.. @s,ooo
10 q cent DIV say S50ooo0 Pref Stock. 5000 ,-