New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-08-27

No al or....................iooi 49,
And others yet sscertaind the PARTICULARS Oh winch
"WhereupoD at meeting Of the Board Of Directors 1t
Bs That IN. tublc be Immediately esuti1ned against the
negotiation o. said certificates. any q hs%; p,sdsnt
"Direefoy.-H. Starkwesiber, T J. Waters. n L. Nc
Cresdy: D. d. VOORHEES,, w ~ Burgoyne r. Peniz' D.
Burkhaker"
The whole amount Of issues is supposed to be 45o'
sharts The Secretary Of the Company, understand
has resigned.
The Bank Of Royslton appears 10 be in trouble Inc
notes are IL thought well secured This Bank has been
very improperly issuing time drafts on Mr. John Thomp
SOD Of Wslst, acceptance waived. We are authorized
10 say that these drafts made without the knowledge
Of Mr. Thompson, who otes'ed them as soon they cams
70 hand.
A new bank called the "Charer Oak Bank has ben
organized in Hartford under the general law 1t will com
mence with capital Of s25OOtO. with intention OF IN
crossing it 10 81 100000 Directors Charles T. Hlyer
Gurdon Trumbul Charles Brsinard, William n. Matsoa.
Newton Case VIM. Allyn Lucius Barbour, Samuel b. Fat
lie, ard George ~ WEIGH.
letter from e. & Douglass Esq Superintendent OF hs
Webster Mine, dated Portage Lake Aug 7,says
The character Of your vein il good and its position on
the trap range is most admirable Its position for mining
is unsurpassed by any location on that mineral range OF
Lake Superior"
The Agoms Copper Company has reorgsnized unier
the general mining law Of Michigan with 10000 shares
The stock has been selling basis of 1000 shares Tns
Directors chosen e. ID. Head President a. W Spsn
GER Z. L. Hayward Stephen ,ll w 5. Thaoher Horaho
Bigelow Augustus Coburn; ii Bigelow, Secretary and
Treasurer The Directors voted lay of
v share, payable October This Company as the sans
vein %. be Totec Work suspended 10 ae spring Of
1852 90 the tockh lders the "a the Farm and
Toltec not able to work the three veins.
shipment Of copper has been received com the
Copper Falls Mr. Hill that his largest shipments
will be made in September and October
The D,hoit Adrofiser speaks Of several new mining
companies in the Lake Superior Copper region as profit
able concerns ard states that the enterprises now pro
crossing in the region based upon good foundations IL
cautions stock companies ain throwing their stock
the market before their mines prorL The Lake 81
perior country is rich in metallic wealth to extrsordns
ry degree and requres only time and capital to sh)y ths
most wonderful developments.
The Michigan Southern Railroad earnings IN Angus
promise to exceed $4,000
The S0panHak Courier ssys:
We learn that distinguished gentleman of this St,ts
who recently visited Europe has succeeded In organizing
Company with ca piisl Of ten millions sterlog for tbs
purpose establishing direct route OF tranpora
Ron thence between New York, Sm Francisco and China
The ob CT OF the Company is TO construct railroad direct
from Ssvspnsh TO Pensacola, Mobile and New Onsans.
and another nd from tbs Calf to the Pacific The
pectiops the Atlantic the Gulf and Pacific, are 10 be
made with class stesmerthe time between San Fran
cisco and New York TO he reduced to from 10 to s days
We give the rumOr received IT, without pretending
to be minute in the details We have to doubt
either the OF the Company or the practcabty
Of hesobeme 1t is indeed magnificent project and Will
accomplish at one half the cost s that is contemplated BY
the great overland route. II carried into execution Will
make Savannah the queen city of the South and place her
At once upon the great horoughiare between Cana AMI
Liverpool Extensive as this scheme appears 10 be, -
destined 10 be carsd into execute because is demanded
by the commerce OF the world
The Cincinnati Price CmTeht says
"The officers ave been less successful srresnZ tbs
parties concerned in the late Bank Note fraud than hy
expected As can be asceraned nos, wsre stolen
to the amour Of $4,000 but not all filed up The
officers Of the State Stock Banks held messing at Coam
bia, few days sibce, when the Auditor consented that
each Bank might procure separate plates provided that
general similarity would be retained and this the several
Banks sgreed To DO st once The present circulation IL
being retired received and of tbs present
notes will be paid out II is to be hoped no that the
"ops plate system has been suspended as the Banks will
not disgrace themselves and outrage the community by
getting up such plates used by the State Bank OF
Ohio Let the plates bs gotten IN such ys that they
osnnot be initiated by every hanstructed and Indifferent
engraver.
at Boston, The Journal says:
money is shade easier and evidently ncuing to the
advantage Of borrowers Rates still quoted a, from
lcal2 cent prime paper and loans but the lenders
are are now applicants at these figures instead OF Dor
rowers"
At Cincinnati the demand for money is quite up to the
supply. Exchange in the East is per cent. premium
The Boston Courier makes the annexed summary of the
Eighth Annual Report Of ise Vermont Central Railroad
Company;
The total cost of the Road to July l. 1885, is stated to be
2sl O5 andthe cost of the Canada Road at $780,
O00 This road leased to the Central at cent inter
est on COST
The gross income Of both Roads for the year ending July
1883 was s6s2i37 o. and the expenditures si29 SOS a.
leaving net earnings Of s252573 25 including $4,000
aonary charges for repairs OF locomotives renewals OF
eightcaIs grsveng roadway and work on station build
ngs The of the Canals Road and nteres; bonds
to ssl363i So leaving deficiency Of income OF
25 Bat If the above extraordinary charges
deducted The deficit viii be only about $1,000 for each
calendar mouth
The sets of the estimated at sos go 81
and the sbties including notes payable coupons due,
individual accounts interest bonds due in l2 aud bonds
Sec 1 ~ sOA "a oN~1,,a ali
TO improvements This says the report page 90.
awoud leave the Corporation free from ali liabilities with
~ funded debt as follows:
Hrst Morssge per Bonds 5000 0W
Second MQIigsse per cent Bonds ........... l5OO0
Vermont Canada lease, secured by MORTGAGE LSG00
81 S50OOO
There 100000 shares Of capital stock averaging so
cost per share The annual income required 10 the IN
teres the bonds the rent OF the Vermont and CSn
da Roae would be- s3530O0 The income from the trait,
operations during the past year amounted 10 about 49,,
OlQleayng 100000 net money 10 be gained hereafter in
order to meet all income demands based upon full ISSUE
of the bonds The increase Of earnings have besn 30
cent over those ofthe previous year and cent
the wear before emitting the questionable item OF trans
portstcn charges for materials used in construction
The following extraordinary items from page 3d. are in
cluded ia the CO II Of the road, VIZ
BY Mr. Quincy, S2gS so5 40 loss by MI Belknap
$4,000 90 loss On stocks s369sJ' g. interest stock
ho,dsrs ss94e6l Cs interest loSns si6969o 90 and
discount on bonds SSsS $50 II total, 50 SO 90"
The report recommends extensive renewals and repairs
and estimates that the will furnish ample means
tsatr dschsigrg every dollar Of the hospg de1t part
of the depreciation has been mSde god during the pas,
year ana charged TO the expenses LaVr.s beng
made with hope Of 10 regain the management o.
the read IN IN the control OF the trustees 10 whom
sssgI I'd twelve months ago