The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-01-05

Inc ph Issued ~ the Banking DEPARTMENT TO the
benkt amount to $40 Is9 600 being addition to the
amcunt hela by than ths 1t December, 1851 II
$S4se 052 and increase OF 81 SIS ISL within three
ysaIs The free banks have within the .ns soou.
doubled In numb~r
ne actual circulation Of sn the banks as shown By
thin quarterly reports in September 1851 amounted
Isl December 1854 Observation-Disclosures. 80 10 ass
The Super nj endent ofthe Banking Depart In h
annual report VII esl the attention Of the L.si,turs
TO the fact thar many Of the free bank established
merely to get bills for circulation They evads the pro-
vsien CT the .vs urDg them to do business
eesenatsd place ana crculAte their through 20
kers in the commercial cities They fceq ,sntly allo
their notes 20 be dcrcdted for th- psrpose ~ buy ny
them large discounts thereby uecius tie oil aold
err to Ices The ,top OF banks or this decrp
tstn Is tttepdsd with NUMEROUS evils and lime, ~
pressure in Lhe money parx-t, IL csuss great emblr
rassu ents furthvr legislative restraints necessary
70 rave the public from frauds and lostss In
stsncss bill hs1e been Obtained upon nsu,sient
MY by 1auoH-sIt Iepres sntaiicss.
fbsye be. furnished with the fslo ring abstract OF
Of the statistics Of the railroads Of the State #
YORK ,ss, nom ne returns msds 70 tse state knsi
Rser, for the year ending September 30. 1874.
rwenty-seysn corporations only have msd- returns
Three other corporations .b;h made urns lvt gar
have not Jet "a tue rsports required by ls~
There haze teep sled 10 tss o,. ~ thu ss,r-tsry n
State arric ~ OF assocation for forty sdiiions
railroad corporatiszs Several Of these roads sra
know 10 have been competed, aud upon osasrs
large expenditures have been made. The railroad cor
porstons are by Law requiled to sls their sn,usl
ports with the state Engineer by tn let d.y or Dceu
Der None Of them bsfe complied With this provision
ard the late date at shcn many Of tA-m sen. In
delays the state Engineer and prevents Inn from com
plying with section 100 Of he general raroai lag -hoh
requires him 20 arrange the inform soa tsbuizr 70
and TO report TO the Legislature the hrt day cf s
sest ION.
The number Of miles Of rosd nsss on the ..srty
H.d sdooe ths length. Of tire. road, no.. ''''
reported. o. given lest year, mskes...... 2oE
fbs lie an increase in the numbr Of mites
In ever the number reported last
year d..,..,..,.. g
The total cost ofthe twenty roads ID up 70
Bep'sBber. 1854 Is IS. 5lz Ito %
The total expenditure ell The roads s,nstru tel and
ed ia ibis State is prsbibiy shout huaarsA
The Number Of ps4seyrers carried ia cars on Twenty
one rosds reported. Il Cel 200 And The number Of
miles travelled by the psstensefs IS 33z e67 The in
On s roads ever the preceding va. Of pss
s<ngcr Az o87 and Of miles travelled % s5s $50.
The number Of tons Of freight carried 81 roads
ported. Is 20.037e The Increase the preceding
year ON - Of the-. roads s, SCI ,l0l tons.
The number o. psrrons injured In life or LIMB 20
reads reported, h $50; Of whom kiilsd So rhs
iprese the preceding % 81 these ROADS Is
cfpsrons killed 30, and Of per-ons injrsi ~.
These railroads traverse almost every county In tas
Stae There sections Il its territory which have
not cheap and convenient avenues 10 market b.
neans Of lakes rivers osr ais and railroads Inc
sIt.rsisD Of the last Bsmed mDroy smsnt -ii rap lily
increase the wealth and popuIatloa Of ths stsss.
Tho consitu,iop Of this safe, which vss sd ,pei ~
. great ority Of the popular vote, establishes yell
ssdB.d and prebensive financial systen designed 20
pay OF the debt created for the purposs Of ioterns
Iroyemssts sno provide fer the nplson OF our in
nbtbso oenas ana slso y he general fund d
the stare AND provide Tor the uppor ~ s goverpm Mt
10 prevent me resufeuce ~ be sy- OF 10 1eb Ell
forpiaa The creation 81 Any debt beyond one mill n
eel ars sxc'pt " repei iuvaI sup5rss lou
sei.nd The State in unless authorized oItLst
spP>sl ~ tue popular vii 10 tn drec,d by sbe
constitutions TIE i'm PROV ions nave rsssntly
be- topcs ~ esiBest discr ssioG Va popular rbxf
N b. hss Of the Lsssis'uie and before tae j18iiL
tsibunsls
9ts arsnoss 81 the Sta, and the oondiHop Of III
puhe ~cFks ~ this time suhjscts ~ gsnt in.sr+
] tbersf re d en- u duty - recur 90 tpe fsstoas
ubfrb Id 10 tie sdoptiop ~ IN hnsaoAl p-3yion II
tbs ropstitutos 70 give View Il the yuloa 81
pnbi,c verb end to make Funh Ie'rmnanls in1s
9TH r.grrd 20 them .hi1s nsst eacasasd Ell
Their wI-inn snd n.ke hem y ohsop,i ~ )mseroe
bet-see e grest sId productive tegio-f ~ the ~es
spd ~ rAlkets ~ tbe East rhs Coos i'uaossl Cos
vspen easssd stt'smsnts 10 be prepared .s3sins ne
fssreis ennd,'ioE " The State ard an@d nNi
tb- debts consrsotsa for the canals amounted TO f7
Se1ie 81 s,d that verge additional reqnlf ed
% piete them; thst the debt Incurred for " l-r
porpcree es6649 "A and that tbe ~ t5s
etsts s,unes NJ 70 pay tne expenses of the
Drpf hsf tbis aebt conftsntly iocrs sefng
" W general debt VI tho State - cef coV bsd PEN