The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-09-23


to show handsome increase over the corresponding
weeks and months Of last year Under the present ma
nagcmen this road must prosper, and the traffic this
year far exceeds the expectations of the most sangune
The company erecting Water street adjoining
the present freight depots another freight house. twenty
feet front on Water street and eighty feet Deep running
TO the basin The building viii be entirely freproof
with iron doors &C. The rapidly increasing traffic with
the West during the winter months requires this outlay
The Philadelphia Wilmington and Baltimore Railroad
Company have declared semi annual dividend of two
per cept-$1 per sharepayable the LIST of October
The earnings Of this road in August were $50 5OOthe
largest amount ever received in single month"; since its
opening The running expenses have been considerably
diminished by doing away with horse power at the ter
mini of the road In about two months the
will be complete, and rail weighing 60 lbs the yard
will be laid the entire length Of the road The
ing which have for several been six per
on the stock at par value ESQ per share then bs
applied to the payment Of regular dividends instead of
being partly taken now, to finish construction The
opening Of the Baltimore and Ohio Railroad to Wheeling
and the completion Of lines connecting Baltimore with
the South items also worthy Of reflection having
direct and favorable bearing the prospects Of the Phi
Adelphia Wilmington and Baltimore road
The wild cat currency OF Washington, D. c. has be
come extensively circulated that it is about time the
authorities Of that city adopted measures to not
only stop further issue but to compel re-
dcmpon Of that already In circulation. The swindng
fnanciers Of the day who continually the look
out for some way to fleece the community, have
been driven out of nearly every State by the passage
the Free Banking law, which the bill holder be-
yond doubt. Thus restricted, these schemers have
been driven into the District Of Columbia where be-
Heve there laws Of any kind regulating banking
These fnanciers have therefore the largest liberty
within very short period have palmed upon the public
paper currency Of the most worthless character Only
two-the National and the Bank OF the Republc-of
the ten twelve banks represented being located in
Washington have places for the transaction Of legti
mate banking business and these winding up
pdly as possible 1t will be difficult to tell from what
place the notes Of the other banks actually issued
Nomnay, Washington is the place Of ISSUE but they
have not, even nominally place Of redemption The
public have the regulation these banks In their own
hands BY steadily refusing to touch the bills Of any
Washington bank they viii be driven out of circu
lstion and further issue prevented The paper cur
rency Of States which have adopted the free banking
system perfectly sound and SAFE and 1t Is so easy to
distinguish between those bills secured by deposits Of
public stocks and those which not that individuals
are alone to blame they get swndled by the banking
fnanciers Of Washington.
The report Of the Commissioners Of Public Works OF
Canada gives the annexed statement Of exports from Ca
NADIA In each Of the past two years -