The republic. [volume] (Washington [D.C.]) 1849-1853, 1851-09-16

WAsaIsGron, September Is, 1851.
NJ New York Er0yess of some DAYS ago said !:

WAsHIsGToH, September 10, 1901.
The New York Express Of some days ago said:
GA very uneasy feeling exists in London in con-
sequence Of the numerous failures that have oc-
CURED, and reported TO be imminent. i is, of
course, dangerous 10 give heed TO all these state
ments, but further stOppages are a matter OF GER
tainty, as one house brings down another. The
Liabilities Of Messrs. s. Rocker and Sons, the CO.
lonal brokers' ascertaned 10 be about ( 600 000
and if the proc which they hold, or have passed
away TO others SECURITY Tor advances, should be
forced tUsale, the assets must be proportionably
deprecated Ii is not houses Of business that will
suffer, but retired merchants. and the widows Of
commercial men, who are depositors with the firm,
receiving somewhat more than the bank rate of in.
terest and these generally afford towait the re-
aliZation of dividend. Some parties are exceed
ingly responding in their views on the matter, aud
appear TO regard crisis as inevitable Yesterday
other names were rather freely mentioned, but we
prefer awaiting official confirmation, even where
| little doubt exi5ts One OF them Is nrIn In the
Levant trade, and dealt chiefly in currants and oil
They had drafts Caste s. Co. for nearly
E2OOO1 The condition Of the mercantile hrms
excites less monetary anxiety ms there 10 dispo-
stlon on the part oil the leading moneycd corpora
tions to hold the sufferers through; but il is not
supposed that the difficulties have been overcome.
Since the above was published, reports have been
that Messrs. S. Rucker & Sons have received
distance, and will be able to get through their diff
outies. This is, If true, OF great Importance as so
large a failure would doubtless crush many small
err houses, and destroy confidence. Our interests
are SO much identified with those Of the mercantile
class of England, that any reaction loss of con-
fidence in their monetary circles has a similar el
feet upon ours. The later advices. however, are
more encouraging, and we expect TO hear per next
steamer that the crisis is passed. and that there has
| been no more difficulties.
An injunction has been served on the Michigan
Central Railroad, to prevent them crossing the
4 F.N M - ~
probably prevent the former road from building
round the lake to Chicago.
| HARTFORD AND New ILAyEN RAILRoAD.-The
Hartford Colvant of Thursday says:
-"The annual meeting of the stockholders of the
Hartford and New Haven Railroad Company was
held in this city on the 10th instant The receipts
for the year ending August 81, 1851, were 5 500,
OO4 SIS; net earnings, S2S6,3S9 49, During the
past year 446 lbs passengers have been transported
over the road-showing an increase of 1853 over
the preceding year-and no accident has happened
to one of this large number This fact speaks vol
umes in favor OF the careful management of the
road. The number OF miles run by passenger and
freight trains, was 2f2, iS6-of gravel and wood
trains, ii ,405-making total of 2S3,S9l miles
The double track of eight miles in length between
Berlin and Meriden has been completed, and this
will be of great service to the future business of the
road. During the past year, the balance OF the
| capital stock of the company has been filled up TO
| the amount authorized by its charter. The pre-
| MUM realized from the sale of the reserved shares
| amounted to the of $65,4S 05-and the COM
| pany is the gamer of this amount by having re-
served the issue of the balance of its capital until
the past year. The capital, now complete, amounts
| to $3.50, 900. The floating debt of $75,75S 81,
reported at the last annual meeting has been paid.
The directors have declared semi ual dividend
of five per cent, payable on the fret of October.
This year dividend of fifteen per cent. has been
made to wit: to-day, in April, and (e1tra)
in January last. The stockholders reelected the
| old board of directors. At subsequent meeting
| of the directors, Charles +. Pond was reelected
| President; Jas. II. Wells, Treasurer; and Horatio
| Fitch, Secretary.