The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-11-10

The directors of the Pacific Fire Insurance Company
have declared semi annual dividend of eight per cent
payable and after December l.
The receipts of the Norwich and Worcester Railroad
Company for October 1853, $3l,S67 ~ do. 1852,
$N,SS6 so. Increase % per cent, or $69S0 10.
The Utica Gazette of yesterday says:-The Bank Of Owe
60 will lose about 900 in consequence Of the failure
Of T. Dwight the New York city redemption agent for
the bank. Owing to the excitement consequent the
state of affairs thus produced the old officers of the bank
resigned and George Hewett has been elected president
and G. W. Warner cashier. We understand that the
failure will not affect the solvency of the bank"
One Of the most important improvements Of the day is
that in reference TO the preparation of timber for the
strucon Of ships and for ell other purposes where wood
of different shapes required. The Ship Timber Bending
Company will have in operation in the neighborhood
of largest shipyards powerful machine for
the bending of the largest and longest piece of wood to
any shape required for building the largest ship. Any
desired be obtained and additional strength is
at the same time given to the timber bent The different
experiments made with model machines have been wit
messed by thu most prominent scientific and ship
builders Of the country who have been highly grated
with the results presented The principle upon which the
force exerted by the companys machinery very sim
pe An iron model with large groove corresponding to
the shape Of the knee passes in its whole length under
cogged Wheel whose cogs M into corresponding grooves
In the surface OF the model and performs semi circular
revolution It receives into its anterior extremity which
starts under the Wheel the stick of timber be bent
fits 1t it lies upon the horizontal which sup
ports the machinery receiving the stick into its groove
up the spot where the begins where the model
rises from the frame the knee of the ship from the
water The horizontal framework has also groove into
which the stick Is received and at its farther end iron
plate is forced against it steadily by screw, giving
strong and uniform end PRESSURE in the direction Of
its length. It lies upon flexible iron band which Is at
tached to the end OF the model where the stick rests
anterior end of the model passes under the coggsd
Wheel and rises to right angle with the Frame carrying
with 1t the stick OF timber bound in its groove by the
flexible iron band its posteor extremity descend fitting
over the timber until it is level with the frame. The
stick of timber has taken the shape of the mould
and when cold retains its shape with much tenacty
as If had intoit It is very evident that when
straight stick Of timber bent into semiunar shape
the fbres of the wood upon the inner side must be
packed more densely The wood is steamed for from
half to hour for each inch of thickness and put into
the machine warm and moist, and it takes it, ben.
position the inner bres mpacted without destroying
the tissues Of the wood but only increasing slightly its
density the inside of the By slight modifca
ton of the moulds models which intended be
made in sections great diversity OF shape, to
double curve, be given, and the immense variety Of
purposes to which this invention DO applied will at
suggest themselves to the mind
The annexed statement exhibits the actual aggregate
indebtedness Of the of the United States
the 9th of November 1862 compared with that of the
week previous
FINANCES OF THE UNITED SrATTs-OUTsTANpyo LIABILITIES