New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-05-27

cent per annum viii be paid by the same house on tne
10th Of June
The Merchants Bank has declared
senianI ual dividend Of p cent
There is a statement in some of the jour
nails that the Ohio Legislature adjourned without making
provision for the payment of the July Interest on toe
State debt We refer TO In order to say that the In
terest will be punctusy paid, usual arrangements to
that effect having been made
1t will be seen by an advertisement IN
another column that the Building Associations and Gen
era Fire Insurance Co. has commenced business at the
corner of Tryonrow and Chathamst The Company
hiss s500oo of paid up capital snd is managed oy some
of our most respectable citizens.
A new California Express Company has
been formed, with a capital of 100000 The managers
are: Henry Wells Johnston Livingston Elijah 2. VIII
Hams Edwin B. Morgan VIM G. Fargo, James Mckay
Alpheus Reynolds, Alex. NJ. C. Smith, Henry d. Rice
Edwin B. Morgan President James Mckay Secretary,
and the title of the Co. "Wells, Fargo Co.'S Inc
gentlemen named above are all well known as reiia-
bic and successful Expressmen other routes, and we
have no doubt they will be equally successful In their
new enterprise Mr.. Sam1. P Carter, OF the American
Express Co. and R W. Wsshburn late of the nk OF -
racuse will be the agents in California The 1rst mes
senger viii leave on the 9Th June, per Crescent City.
The City of Chicago Water Loan, adj
yertised by Messrs Duncan Sherman Co., is selling
very freely The Bonds issued under authority OF
an act of the Legislature approved February Is 1851
establishing the Board of Water Commissioners of the
City of Chicago The amount of Bonds auth ,rizcd 10
$3.50 OOO and for the payment Of the interest and pr
pal the revenue claimed from the Water works, the
works themselves and the faith and revenues Of the
City are ali pledged. The Water Commissioners.
Messrs. John B. Turner, A. S. Sherman and II. G.
LOOMS, express the conviction that the security
offered Is ample beyond all question. The finances
of the City are in a prosperous and well regulated
condition, and the Works themselves promise an
ample return their cost, which is estimated by
Mr. VIM J. McAlpine, Engineer at S32O,OOO The
water rates for 1853 it is calculated will be $4,000
least the population being about 81 000 In addition to
the of the works for the payment of the In
terest on the Bonds the faith and revenues OF the city
are also pledged. From statement furnished by the
Chairman of the Committee Finance, it appears that
the population of Chicago has increased from 4519 in
le40 600 in 1851 that the total valuation OF prop
ery 562 III, and the total amount OF taxes S633S5
The total liabilities of the city, inclusive Of the
above Bonds sl2j, 165, which is being reduced
The assets Of the city placed at 1919 ,5, showing
surplus of Sl54356 The statement closes with the fol-
lowing remarks, which shew that under the Charter
there ample powers for raising, by taxation, ali the
money needed for the payment of interest well as for
other purposes
1t appears that since ls43 there have been steady
prospt rity and progress The have varied from
year year. according to the public exigencies; and,
a general thing have not been sufficient to meet the
necessities which are incidental to all new cities and
it has, therefore, been deemed expcdient TO have re-
course TO loans bu, which, con ,idering the public
works and improvements which have been commenced
completed, and the natural growth OF the City are,
in comparison with its resources, which even now are
scarcely developed, of exceedingly tritng amount.
The speedy liquidation of portion OF these loans,
however all of which bonded and the ability OF the
city meet the remainder long before they mature,
may be relied upon with the utmost confidence; for by
the Charter, which was passed at the session OF
leO the CITY is not only subject Of 3l2 mills
the dollar for contingent expsnses, school tax OF
l. mills and interest tax of naf mill on the dol
lar, but each Division pays for improvements which are
strictly local in their character And for the better &C
compljshment of the provisions OF the chapter, It Is
mace lawful for the Common Council to levy addi'
ionsl of four mills in any Division for general pur-
posee that defrsy contingent and local expenses
that may accrue, tax of 7l2 mills on the doar-in ad-
diticn TO special taxes of cent for the erection of
Lake Barrier Markets, City Hail. and other permanent
imp of like description and two mills for
school taxes and Interestingly be annually collected
Active operations in progress on the entire line OF
the Bellefontaine and Indiana Railroad from Gsionto
the Ohio State line. The rails are being laid down be-
tween Gallon and Marion, and will be completed be-
tween those points some 90 miles, by the Ain of July
next
The President of the Company has recently increased
the stock subscription some $4,000 in the City of
Cleveland.
The Indianapolis and Belleontsine Road will be COM
pleted to Muney some Sc miles east of Indianapolis by
the 4th of July next leaving but % miles to be compile
ted to the Ohio State line where Il joins the Beefon
tame and Indiana Road This part of the line will be
completed by the lst of December next
At St. Louis, on the 10Th inst, the Pa
cifc Railroad Company made sale of $4,000 of the
Missouri State Six p Cent Bonds, at five p cent
above par.
The Cincinnati Gazette advocates the
establishment OF a Stock Board in that city.
The President of the Terre Haute and
Alton Railway has completed contract with Eastern
capitalists for the construction of the entire line of that
road The work is to be commenced Immediately.
The Philadelphia Ledger says: The
loan of $3.50 900 for the completion OF the North Branch
Canal &C. running thirty years. and free from State tax
for any purpose whatever understand parteshere
ready to take 4ai p cent but more favorable terms
expected and negotiations 10 tna' emu are ABOUT 10
be opened at New.York and Boston.
We annex a statement of comparative
receipts upon the Vicksburg Railroad for the months
of March and April:
1910 1850 1851 1852
Sls,972 S20e3e s20S59 S3O,l36
The weekly receipts on the Morris Ca
nal showing very large gain over last year An
nexed is statement of receipts weekly for the past
seven weeks, as compared with the same period last
year;