New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-04-28

GOO ooo coo roo q cent Of this sum- 6f 100000 Is set
apart and the Of given to pay for the redemption OF
thoir hills and the interest that sum- or $4,000 nc
actual cost Of keeping their notes current their par value
and IS clear loss Of so much money TO the country banks
This sum- il is very apparent will toe saved ny the esu'o
shnet oC the proposed bank nanuch as each coun
try bank will receive III the shape OF DIVIDENDS the INTEREST,"
a, least on the amount invested
The Internal Improvement Committee of the LOUISIANA
Legislature has reported in favor Of the State subscribing
10 railroads in progress within its boundaries to the
limit prescribed 10y the Constitution and bi IN accord
ance Herewith has passed the House of Representatives by
vote Of - To 20 The Bulletin furnishes the following
synopsis Of this bill
Tho frs, section declares that shall be the duty Of the
State Treasurer whenever authorised special law 10 sub
scribe for the State TO the stock of any Railroad or Fank
road Company the amount of one fifth OF Its capital
The second section provides that for the Paye. 81 any
subscription thus made by the State II shan be the du OF
tbe GOVERNOR to issue Coupon bonds IN the name OF te
State TO the order of the Railroad Company signed by me
Governor countcrsgned by the State Treasurer Auditor
and Secretary of State under seal of the State, payable
forty wears from date and bearing T. cent per annum
interest Said bonds are to be OF the den9mhMioh oi
socO The form of the bond is then gyen whch Il = ia
necessary 10 specify The bonds are to be ansieraDe oy
Endorsement OF the President and Secretary OF the company
TO which they may be issued ,u,
Section three that the bonds thus issued shall be
for an amount equal onefth actually received ny the
Company, at beng to quote the words OF 'he secol
he true intent and meaning OF this act that he cohou
stock of any Railroad Company according the provisions
of this act Shall be only in the proportion OF onehth OF
the amount actually received by the Company IRON the
Individual subscribers its stock and from taxation on
real estate in virtue of any parish city subscription
Section four prescrbes that all bonds issued IN accord
ance with this be received at par by the comp
mics in whose favor they drawn and, sold for more
than par value the is to bepad the State Treas
urv and applied to reduction Of appropriation to be maze
| for payment of interest . . c
Section five declares that every President of Company
anplvnc for an issue Of bonds in payment OF the Se
Subscription shall furnish the Governor at the same nm
with statement of the amount received from naVHtu
stockholders and from taxation real estate sa'd S'
nept 70 be certified to under OATH before the Governor
shall cause the delivery of the bonds. .
Section six provides that the stock held by the State IN
anv railroad company shall with its revenues he speG
reserved and set apart for the payment OF the prnP u
interest of the bonds issued. Section seven specns e
mode Of paving the interest the bonds ETC. ana ecp
EIGHT that the Governor with the advice and consent OF e
senate shall appoint three Directors Of each company me
last section REQUIRES annual statement OF the condit 81
the COMPANIES to made to the Legislature giving Iui
account Of the proceedings had during the previous year
capital expended, money borrowed length oil To'a Hi'H'u
| and under contract, etc.
The following table viii show the coinage at the on''ed
States Mint and its branches during the first three months