New-York daily tribune., 1852-01-31


the frs. link in the great chain designed TO be eT.
tended in time acress the Plains-has peen compile
e d, and the es, mated cost is 81 500, l26 Il.
The Trustees of the Merchants tx
change Company are abou! TO endcaTor to preveh'
the sale OF that building by ar issue Of $eOooOV SIX
p cent, Bonds, secured by first mortgage on thal
property
4 Washington correspondent of one Of
daily journal s;att1s that Mr.. Shaw, the Controller
Of Texas had es that city for here with about two
million, Of gold, This can har1 be correct, since
Mr.. Shaw sa!iei from this port few days since In
the steamer Georg with the entire FIVE millions oil
stock rec eived from Government in his po'sessor.
lie lhad also with him a. iron safe IN which was
$3.50 ESQ III gold, being one years interest on the
Ave millions Of stock Nj Shaw had no authority
70 sen any CT the stock received from cur Govern
meLt, and therefore could not have made any ne
go,is;ions at Washington, although j. IS u1ders'oo1
mat lcaling house there made contingent pioP)-
sIt.on 0! high Dgure Tor the whcle amount
The last steamer brought some favorable
intelligence in regard to the Illinois Central Railroad
Loan, and il is not unlikely that Nh. Neal may re-
turn to London ard complete the negotiation. lis
urdeutood that an offer ty responsible parties in
,hs country was made some time since to olild and
OF the company. The whole road we understand
has been surveyed ant located. ab1 the enterprise
viii be carried vigorously u conp.e.IDn vAaieyer
may be the fate Of .he London negotiations.
The semi.annual Coupons on Interest
Warrants On tie Mortgage Bonds oi the Cleveland,
Painsyillo and Ash,abula Railroad Company, due on
February VIII be paid At the onic, OF WInsloW,
LaIicr & Co.
The Grand Jury Of Passae County,
New.Jersey, have returned three bills Of Indictment
against H. {. Stimpson la,e Cashier OF tue Peoples
Bank of Paterson. They also made pIescn,meni
against the Directors of that institution for gross
and culpable neglect OF duty According 70 this
prosen.me1t. five Of the Directors never saF tie
Chatter, and mos, Of thenIcyeI examined the books
and were merely nominal raaragefs No, being bona
fde sockhocers 5ui they simply he'd snsle sh tres,
transferred 10 them 20 make inen eligible.
A bill has been introduced in the Senl,e
OF his state and referred tothe Committee On Banks
and Insurance Companies, Of which the following IS
the summary Of the principal items
No Savings Bank or Institation to be alloVei 50
to deposit or loan 10, or IN any Bank any funds un
less on special deposit, except such Bank slal give
such securities sare nov BY lawrelHrsd IN the case
of circulating notes and without slch security, Eie
Fans not IN any way use SDoA funds.
.. No person - be Trustee IA more than o1e
Savings Bank or Institution at one tine
The Trustees OF the Atlantic Insurance
Company have declared dividend of thirty five .
cont tho net earned premiums of the wear, for
which certificates VIII be issued on the 81 OF Feo'
Iuary, on which day interest al the rate Of six =
cent 2 annum Will be paid on the outstanding Ger.
tifcates of profit The reminder Of the prlncipal
Of the certificates Of 1880 (ory p cent ;, and Riaety
= cent of the certificates Of 1851 viii also be re-
deemed il cash on the 81 Of February from which
day all interest in the amount said ntallmen.s viii
cease. After ahirg these payments, the Conplay
Will have ct remaining on hand reserve fuad ofone
million OF dollars Of net profit. The whole amount
Of premiums received during the year ISL was
s2,956 Os5. The losses paid during the same time
were 81, ,56lI7l ~ and the return premiums andex-
psnses siS Cs3 90, making total Of $l,9)l,sj5 y
The profits of the Compaoy, from Us organization
in July, 1912, to the first Of January! ISL, were So
99l $50 The profits Of last year were $92S,70l 9i-
making a total Of IS 900 39i %. FROM which dsiuc.
the certificates paid of, amounting to 1850, ani
there were remaining SleiSo13 -, o! net earnings
in the hands Of the Company on the Isl inst. Iae
total assets Of the Company al the same daie were
$3A2i, $50 @, Of which $g52,OSj 81 were lii inhet
States, State, City and Bank stocks, &c., aLd Sj3j,-
C6i IS loaned on bond and mortgage.
We have received the Annual Report of
the Directors ofihe Albany ald schenectady Railroad
co. 1t gives full statement Of the condition ofthe
Company, and must be highly satisfaci ry to the
stockholders The affairs OF the Company appear to
have been managed With great economy and good
judgment and the result proves this road to be one
of the most iayo-ably situated and profitable roads
N the country. We annex a full abstract Of this re
port:
The rcceipts Of the Company have been suii ,lent,
after pawn 'or all repairs, the expenses Of opera.
ing the road, the interest the debt, and for the
construction II additional SIDE tracks, aud freight
accommodations, 70 pay two disioendS, amounting
IN me aggregate 30 seven ant hall per cent on the
capi,al stock, and leave nel surplus on hand IN
CaSf Stt,--l
And n fuel, applicable 20 service Of the ensu-
lng year ", t10l
Making ate,al surplus for the year..-..s2-,2 PSI
TIE DuSoiols IN theig report % tle stockholders in
Juiy Last eNpIos cd The opinion. that with cIrea;
business equal % the then past SIX months, they
would re enabled taeIe'er 20 pay 4, least eight per
cent per a2LUut0 stockholders aad add re sS)na-
he INTO The contingent fluid. This has bsen more !
than realized.
The reserve or coriirgen. fund amounted on the
3ls, day O. Jan, ISL to the sum 0f.-.SS6 GO l.
Since That date there has been added from
the surplus eA,nmgs, the sum off, S653 g !
Making the amount at this date. $3.50 % |
The increased business Of the Company. .moera.
'ely required the laying u double track through
0Ui the entire length Of the road. The work eas
been done IN TIE most thorough manner, with a first
quality I rsil. weighing ca 10 the ward, al cost Of
SSs.s.9.o. Tne excess beyond TIE amount Of $50,-
vtV oi oOneS SNiA0ized, amounting 10 SSgi9 20 mas
been paid cut Of the earnings Of the year ani the
sane Is included m the eNnenses
Tie Toal bed sIperslyuctUge, machinery aoi ears
Of lhe company are ln excellent cont,loR.
lac C0Inq2E has 10 aCALng debt, aaa no aLd,.
uon has oetn nace 20 The amount Of bonded deoS
reported August !, 4e50 Win tie exception OF the
S50ttV Tor double track, shove referred -
TIE tmcsC deo. Of he Company, August :, lSJo. !
S,e1,e56
AGSed tor double irack ...-..--.--......-. 5000
The Capital stock Of the Company S. I0le.0oO /
l, tSs ,.s - S''9.VVo
. "A sls non,a OF OelooeF last tse B1ard -iIac.el
TIE nance Committee u ale the necessary staas
10 otiln the S>sen. Of ne s'ockhslaers 10 esI,-
sVf' a0h ol this Company OF SIS op1 - the cao,ts
s,0SA o. me GiSal Western RalrOSi Coaoanv
SarAca west, extending from Niagara p.l.S . /
NhdSos opposite tie IiIy q Detroit iormirga con-
hhgeVS IRE OF railway tfom the Cry Of Nsw.York /
'MSSgo, IhAois The necessary assent - this /
subscription oi tso thirds Of the siockholders ss re
-.--eS lA ,.. - 0. i-a