The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-03-10

summate such connections by bridging the Ohio; and
and at this time it would be the greatest folly in the
world TO expect that such permission will ever be
granted by Virginia. to any company who may de-
sire It, for the benefit Of any city outside Of the lin
its of that State.
Among the privileges granted by Virginia to the
Baltimore and Ohio Railroad Company, was that Of
making road, with one or more tracks, through her
territory. This grant was made in 1927, and by the
terms Of 1t such road was to be completed in twelve
years from the date Of the grant, The twelve years
have long since expired, and the road, with but one
track. has been completed to Cumberland No sub
sequent legislation In reference toyhe Baltimore and
Ohio Railroad, authorizes second track east Of
Cumberland. AL the legislation which has been
had since 1910 applies only to part OF the road west
Of Cumberland This being the case, Baltimore must
give up the golden expectations she has been foster
ing as emanating from the coal trade. Leave to lay
second track, we learn. will never be granted by
the State of Virginia to that company, even il,
upon inquiry, it shall be ascertaned that such fraud
and deception were not used in obtaining their pryi
leges, as made the grant void.
1t is generally believed that the inquiry being now
made by committee of the Legislature into the
conduct Of the railroad company, in obtaining the
privileges granted it, and their observance Of the OBJ
legations imposed by the laws upon this company,
will result in the Legislature directing the Attorney
General of the State to bring the matter before the
courts for decision, II the railroad company cannot
by act of amnesty prevent the reference of this
vital question to jury for decision. It will not
long, we fear, occupy any portion OF Virginia soil
with the track of its road.
The Finance Committee of the Virginia Senate
estimate the Treasury receipts for the year ending
30th September, 1868, at SIT 5S3 49, and the dis
bursements for the same period at 81 ,436, 1888 a.
The liabilities Of the State amount to $9,s49,5s5.
We learn from the Pittsburg Despatch that Dir.
Bryant p. Tilden an engineer Of Boston, in that
city last week, and offered (on behalf Of Boston
company to grade the Connelsvile railroad for
double, and lay single track, erect all necessary
station houses depots &C., and furnish twenty loco
motives, fifty passenger, and two hundred freight
cars, putting the road in complete working order,
for 81 600 900, one-haf in cash, the remainder in
stock Of the company-to be completed by the 4th
Of July, 1856.
The Committee on Banks, in the House branch
of the Legislature of Maine, have reported in favor
Of partial increase Of the banking capital Of the
State. The report says:-
Having had under consideration numerous petitions
for banks and increase Of capital, amounting to
about three million dollars they decided to limit the in
crease not exceeding sixteen hundred thousand
dollars and after hearing the petitioners and carefully
scrutinizing their ability the Of different
tions, have apportioned the increase IS follows:-
Washington county, $4,000 Kennebec county 1925 900
Hancock ...... $1,000 Franklin .... !" $4,000
Waldo ......." 5000 Cumberland. 100000
Lincoln ...." 100000 Oxford. ....' $4,000
Penobscot. :" 100000 somerset...." 100000
Tho following banks reported having violated the
law NV of GA
manner, viz.-Augusta Bank; Bank Of the State Of
Maine; Belfast Bank: Brunswick Bank; Eastern Bank,
Bangor; Frontier Bank; Passport; Freeman's Bank,
Augusta: Gardiner Bank; Northern Bank, Halowel
South Berwick Bank; skowhegan Bank; veaze Bank
York Bank.
Respecting the operations in Cumberland Coal
stock, the Pottsville Miners Journal has the fol-
lowing
some time particularly the Cumberland region for the
purpose Of specializing In coal lands Lands are pur
chased up companies formed merely for the purpose
Ct selling the stock In instance learn land
purchased in that region for sixty thousand dollars and
stock created to the amount Of three millions Of dollars
poets Of the company lin many instances before single
vein coal has been opened with view to swindls tue
day that the Cumberland Coal and Iron Company put
forth report of about Eve Elk columns of small type
IN ns ss Ss Of
below the actual cost that would advise every person
who wants invest money not to touch the stock Of this
company. That it IL nothing but speculative scheme
on gigantic scale, the whole report shows.
The jackson (Miss) Flag of the Union, Of the
25th ultimo says
The Chancellor Of the State Of Mssi, spp has decided
that the State is legally and consttutionay bound for
the redemption and payment OF these bonds and 10 DO
erees In this accordingly.
The Attorney General appeals, understand, to the
High Court where the will undergo another argu
mont, and doubt an elaborate and able examination
the part of the court which, from its composition 1t
IL SO fully competent to make