New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-07-19

,v,sd during the last six months, TIE Banks sho"
nm Increase Of oeer half million tn reserved proa'
The Norwich and Worcester Railroad
Company have issued their annual report from WINCH
we learn that
receipts of tho Company for the year spSus q
For the year ending May 81, lsSl..---. soI1Oo Is
Observation-Disclosures. stO4 81
The receipts for the six months ending NAY 81, 4o'
were a. foil0ws, viz A-,ooo OK
From ocai travel. s1<<t Se ~ %
From through freight. --..-.--. 23494 70 .., -.
Yrom local freight ........-. 1922 09-6i,3a6 81
Rental, wharfage, mails, &c ToO9 ~
Total .sr742O 90
The receipts for the corresponding six
months ending May 81, ls5l, were..-..- 123'7Si 10
Showing decrease Of. ... $500 30
The expenditures for the six months ending Mag 81,
9s52 including interest Sl936i e., S9l,693 "a,
which being deducted from the recei above gives
the let amount Of profits, SD ~ %.
The decrease In the recets was caused By the closing
of the navigation OF Long Island Sound Ia January last
for several days making the income of that month
$1,000 30 less than 10 January ls5 and also by the low
rates Of freight which owing 70 competition among inc
various lines between NewYOrk and Boston, have OBJ
tanned for the past elk months; these rates being ou5
expect 10 have corrected and the ordinary prices
of freight Ieestablshed -,
pe expenses of operating the road and keeping il In
repair with the engines and cars for tue year
ending NAV 81 1852 exceed the expenses OF the year
preceding, S}30l 81 =
The dividend Just declared exceeds the net amount OF
receipts sl642O Is This deficit the Board propose TO
make up by the application of the surplus remalong on
hand after paying the dividend in January last om2up
ing OBSERVATION-DISCLOSURES - SiV,I0A -
Ard by anticipating from the receipts Of the , ~,
ro,., sl6,49O Is
This crse the Board feel justified IN adopting, from
the fact that toe bafyear ending with November gives
an income much larger than that Of the six months end
hog with May
The report says:
While on the subject of dividends, the Board would
call the attention OF the stockholders 10 the fact that ow
ing to the pay ment OF dividend IL july 1880 the Com
pany In arrears to the extent thereoi-'nat - toe
earrings then declared had all been expended Ia tne
paymen of debts and the inventory OF the COMPANY
viz, Fuel Oil, Materials, &c, on hand-absorbed an
amount equal to dividend. In order, therefore mat
the Company may be enabled always TO paw their div
depds from money in hand the Board would suggest
that unless the receipts should be greater than are now
anticipated, 1t would materially strengthen the hnances
Of the Company and place 1t In situation OF more per
mapent prosperity, 10 omit the next semi diV
The Board can speak with great confidence Of the i'm
proved condition of the Road, Bridges and Machinery
of the Company and confident that for itcieocy
and safety they second to road In New England
There are several new Roads Dow In the curse OF
construction which will connect with this Road ana
from which an Increase of business may confidently be
expected. The New London and Ne v Haven Railroad
will be- completed within the present month, and tnaf
IN connection with this Road will become one OF the
main lines between New York and Boston, and all the
Northern Roads terminating at Worcester
The Board believing that the connection OF this Road
with the New London, Willimantc and Palmer Railroad
at Norwich will be Of great benefit have agreed 70 pay
one third the cost of such connections but AS much op
position Is manifested on the part OF 'undry citzens o,
Norwich directly interested In land damages there VIII
be more delay In accomplishing the object than was at
fret anticipated.
At the annual meeting of the Stockholders, held July
H. the following gentlemen we're appointed Directors
for the year ensuing: Joel W. White, Alex. OeWu
John A. Rock yell, VIM. Augustus White j Nevton
Perkins Charles Johnson Jedediah Huntington, David
A. Neal, Robert d. Weeks, Robert Baysrd, +. f. Mar
bury.
On Monday, 10th inst, at II O'Clock,
Messrs Corning & Co. will open the bids for the New
Orleans city loan of 81 100000 The payments to
be made onefourth cash. onefourh In thirty days,
fourth in sixty days and fourth In ninety days with
interest six per cent These Bonds are Issued under
authority of the Legislature, and the proceeds of said
Bonds tosbe applied TO the payment of all the ma.
tured obligations Of the City of Orleans and of the
late First Second and Third Municipalities and Of the
City of Lafayette, viz Bonds, Interest Coupons Inter-
est On all Coupons and debts due, Notes. Cash
WhrraDts, &C.
The Bonds are for One Thousand Dollars each, and
bear six per cent interest coupons payable January and
July In New-Orlesns or New.York, at the option of
the purchaser The Bonds in forty years. The
Constitutional Convention of Louisiana adopted the
Free Banking principle and these Bonds receivable
under the law security for circulation.
The Trustees of the Institution for the
Savings of Merchants Clerks and Others have declared
dividend of per cent all sums exceedng five hun
dred dollars and six per cent all sums of five, and
not exceeding five hundred dollars, payable on and
after the Goth inst
The amount of Dry Goods thrown on
the market last week, although large is still ssOO0OO
ess than during the week last year The decrease
aimee January let is six millions.
We ask attention to the advertisement
In another column, of the Louisa Gold Mine.
The business of the Milwaukee and
Mississippi Railroad for June, shows gratifying In
crease. The figures are:
1852. Freight. Passengers Total.