The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-01-13

$50 That while the total length OF railway in operation in
the United SateS exceeds the length open in the United
Kingdom In the ratio Of 1903 to TO- the capital invested
the Engish railways exceeds that invested in the rail-
ways Of the United States in the ratio Of l25 TO 3d.
CosT MILE FOR CONSTRUCTORS AID SrocK
United Kingdom. S17S,600 Germans States. s62o 900
France. $4,000 United States 70 eco
Belgium 10000
From the above, it appears that tho average cost per
mile of the British railways ha been one third more
than the French, nearly twice that Of Belgium three
times that OF the Germanc and nearly six times that Of
the American.
This Is o most extraordinary statement. The snail
cost of railroads in the United States gives immense
advantage every other country and in few years
the length Of railway in this country will exceed all
others put together The construction Of railroads in
the Western and Southern sections OF the Union costs
than in the Eastern and Mddle States and the
cost of roads, ten years hence will be less than It new
We have such immense extent Of territory to
with these works Of internal improvements that It is
fortunate that their cost comparatively small The
cost Of our railroads bagatee, compared with
the advantages and benefits derived frcu, them. Tie
value Of property has been quadruped by the almost
initiation of distance between remote points There has
been equalization Of value in landed property better
Distribution and abandonment Of that concentration
in value that existed previous to the construction
rapid mode Of communication The aggregate has been
unusually increased while certain localities have depre
ciated.
The superintendent of the banking department in his
report to the Legislature gives the exed exhibit for
the past year
BANNING Der ARTsFNT-SrATE or NV YonK.
The whole number Of ban banking associations and
individual bankers doing business the first day of De-
cember 1851 Is two hundred and forty four follows
Onartereo panhs:
banRipg assoclaIlons.. 70
Total. III
Since the date Of the last report by the Comptroller
the charters Of two banks have expired their aggregate
G TIa Ml was Ta $1,000 VIZ . n,t.
majority Of the stockholders Of both these institu
chapter 1913, Laws of 1910.
During the year, 81 banking associations and indvi
dual ba mixers have deposited the securities required by
law, and commenced the business OF banking, VIZ
ASSOCIATIONS.
Citizens Bank, New York; Chatham Bank, New York;
Farmers BANK, Saratoga Co. Half Moon village Bank
Of Fort Edward. Fort Edward; Genssea Valley Bank,
Geneseoi Grocsrs' Bank, New York; Goshen Bank
Orange 20 Goshen Gens Fals Bank Gens Fails Hanover
Bank, New York; Irving Bank New York; kuickerboclsr
Bank, New York; Merchants Bank in Syracuse syra.
Mechanics Bank Of Syracuse, Syracuse; Metropo-
Titan Bank New York; Bank Of Malone Mslone Psrk Of
the VI Metropolis, New York; New York Exchange Bank
New York New York State Bank, Albany Bank Of New
burg Newburg Bank Of North America, New York; Pa
chic Bank, New York; Peoples Bank, New york; Rome
Exchange Bank Rome; Bank Of The Republs. New York
Union Bank Q: sulliyan Co., Monticello; Uuon Bank o.
Troy Troy.
1he amount and character OF The securities deposited
by the twenty six banking associations above rEnc3 is
as follows viz
New York State stocks. .............. tL3s2Glo SO
United States stocks ......,.....,.... 9i3 oe0 90
Canal revenue certificates. ............. ICE 500 60
Bonds and Mortgpges $50 i2i 90
Total. Observation-Disclosures - 695 243 50
Circulation aued the above securities S2247 2i3 90
LyDrviDpAL BASKs.
Commercial Bank Of Clyde. Clyde Banh Of Cbemung,
Elmira; Dunkirk Bank, Dunkirk Excelsior Bank
MERIDIAN Csyuga Go ; Bank of Havana, Havana Lum.
bermans Baak, Wilmurt, Herkimer Coz Mechanics
Bank OF Wetertown, Waterfowl; Nav York Bank Of
Saratoga Co. Hadey; New York IRA iers Dank Of Wash,
ngton Co North Grnnyille Oneida Valley Bank 0neila
Valley Bank Of Lowy lie, Lowylle.
The and character of the securities deposited
by the eleven individual banks above named II fol
lows, viz
New York State stocks .................. slSi4al
United States stocks 1890
Canal revenue certificates Recommendations. I55 900
Bonds and Mortgages. Observation-Disclosures. 1917