New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-01-27

- - ~ he eornpu.ed four cI1es that Of saTef
lumber Large tracts q pine TIMER rave aso Del
,rv,ed IN ,l-e Alrsmaha River, for the purpose OF
- curing r1rTeniine This viii be another IN
.rrsrt item in tie revenues OF TIE canal snd II me
srrregste a-rs1nt Of TIE business Of Bruoswek C1i'
ron houses end cotton presses VIII also be erected
Mercantile houses for lumber agencies fJr the purchase
OF cotton, tlTpentne sgeneies. banking houses, am
commercial enterprises Of every description, WI sn5
into existezsce On the opening of the port -.
The COMPANY submit these fscts 20 the propfe.yrs
end 20 tire public vuh great Conscience and FEEL
ed in expressing the strongest assurance o. cary
liberal remuneration on the capital Inyes1eo' nj,
WmLuN CHAUScEY, Prt''HeNL
THOMAS A. DEXTER, &cTaGTy.
AMOS DAVIS, TressEra.
The New-York correspondent OF Inc LIN
don Tine. has long letter upon the financial conaon
Of the United States in which be displays better o'
nation and more rood seDse than bas heretofore ena
acterized his communications .
Mr.. Noah Lee has resigned the cashiefshlp
Of The Albany Exchange Bank preparatory 70 assuming
the Presidency Of the Bank Of the Capitol OF tnA'
ci,y The ABasy Ereatng J0u7a! in noticing the
change says: ..,,..
" successful During the past ten years II na- D s
rovipce 70 decide upon large proportion OF the pap
offered 20 the bank for discount between me Sessions o.
the board and the amount thus discounted has been
nearly twenty millions Of dollars, Of which not doir
has been lott nor has the bank sustained single los
since is organization in lSJ9
The late rise In iron is stimulating the pro-
duciion end the opening Of beds Of orc with which
our country Il so profuely supplied and the opening
Of new railroads much facilitates these operations The
railroad now being constructed from ElmyIa- ia this
State 10 Wiamsport in Pennsylvania passes tarolsh
mineral region that probably has advantages for the
manufacture Of iron not exceed by any other locality
Ia n country IL Is stated possess an fBexAsuo!s
supply Of Iron and BisuInnous Coal, both OF the
superior quality lying in horizontal ftFatas above
water level end 20 situated that they can be mined for
about 20 cents for the tun, and On q descending
train road directly from the mouth Of the mines 10 tie
tunnel head Of the Blast Funsce Some l. 100 acres of
these mineral lands have within the past week been
purchased by a company Of capitalists, wno, with
capital Of 100000 completed the Immediate erection
Of extensive iron works Such localities require little
or no protection, bu, they should have no influence on
Congress If hey to take any action in regard 10
change Of the duty On iron this session. for however
extensive these works may become they will be only
supplying very small portions Of the demand which Is
springing up for iron
4 company has been organized at Clyde, for
the purpose of building railroad from Lake Ontario,
at Great sodw Bay, to the Rochester and Syracuse
Road, at Clyde Hon. Leander 5. Ketcham was APP
pointed President and Joseph Pain, Es4, secre-
tary.
The Free Banking Bill has passed the FlOr-
ds Legislature.
Tie eighth annual report Of the Directors
Of the Connecticut River Railroad has been published
Il il for the eleven months ending Nov. 30 1879 The
total income has been s2l3 PSI H. expenses sll43 O.
net income s6s 7G4 TO- Cost Of road to November 30,
81 sol 946 26 2s9 ~ passengers have been transported
between oil the stations The floating debt Of the
company has been reduced $4,000 the past year, By
loan of y ct for ten years. from the Western Rail
road Co's sinking fund
The terms Of purchase Of the Troy and
Schenectady Railroad by the Hudson River Railroad
are % follows Tie whole amount is S20l 0C0-
sjOOO0 In cssh the other $4,000 to remain without
interest for years then 10 draw interest nj p Ct
payable semi annually until 1907, when the principal
is to be paid-,he purchasing party to pay sooner If
desired on giving three months notice.
The Cincinnati and Indianapolis Railway
Company as we learn from the indianapolis Journal
has been organized with two millions capital for the
construction Of road between indianapolis and Gin
onns, by way Of the towns OF Rushyio, Laurel, Ne
tamora and Brookvlle. Length, lol miles.
The Governor of Louisiana in his message
| says;
II il to be regretted, while surrounded with so
many evidences OF property State Treasury ID not
In like favorable condition. Daring the past year the
Treasurer has been unable 70 promptly many OF
the most common and pressing demands on his depart
ment Many citizens have yslied the seat Of Govern
ment with demands against the State and, after incur
ring considerable expense have been compelled 20 re
turn 10 their homes without having their Claims al
used aud hqudsied. Even the salaries OF the public
officers, upon which many Of them dependent for
the support Of their families have not been paid tn
many months after they were due
In relation 70 the banks Of this State the Governor
remarks:
The quarterly report Of the Board Of Currency show
hat Banks ia most sound and saie CONDITION
Indeed the great abundance of money in the country
Is evnced by tie fact that the banks have much larger
amount Of speco in their vaults than the whole crcua
stiop No banks in the Union IN more safe and re-
lstle condition than those Of Louisiana According 10
the statement Of the Board made the 30th Of Dec,
ls2 the amount Of circulation Of the banks vas 100
$40, while tie specie IN their vaults was = 2Of Oi2
The power conferred upon the Legislature by the new
Constitution TO increase the number Of Banks in the
Governors opinion should be used with much circurn-
speotion. II il Is deemed advisable to add 70 the pres
eui banking facilities Of the State, the Governor is In
favor Of doing il by the enactment Of general law,
with provisions for the adequate protection Of the
circulating notes The Governors apparently opposed
10 that feature of the Constitution which permits
the State 10 pledge u credit in behalf Of internal I'm
p.yemeu,s within its boundaries.
The receipts of the Pennsylvania Railroad
Company for the month OF December and for the year
compared with the corresponding month in 81, and
tho year 1852 have been AZ follows
Receipts for the month ending Dec ls52 sle76ls 10
same month, 1851. OBSERVATION-DISCLOSURES. $500 y
Increase Qseis per cent. l.
Receipts from Jan l. % 70 Dee o. 81 81 or 81
Receipts from Jan l. 81, to Dec. 81 81. lO5s so 81
Increase (uear - per cent).....-..... s3lasl3 -
Markets. Carefully RErokrEo FoE TsE TKisUSr
"WEDNESDAY. Jan. -
ASfkSThe market Is yvthcnt change TO- Pearls " a
sales A 8 IS fO,s arc hrInor. sales a. - 65i
COTTON eoniiages dali md heavy 10 b4ss were sid
At prccs easier foE the buyer.
FLOUR AND MEAL-ouT market opened With iacr-as-
cd hceNness for the low grades Of State Sd esseru Flour
particularly hr the latter with disposition 70 reA &c
g he decline. The better brands E4ctye and he4Yy
Toe demand tor Export Anly confined the low ses