The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-09-06


Dssc independent of construction account $3.50 AIS IS
The capital stock Of the Hudson River Railroad Com
pany amounts to 1000 900; the floating and funded
amounted to 80, s44, 4se-Total, sl2, ,4ss.
win be seen by the above that the affairs Of the Hud
show promise Of . remunsrative character that
Its expenses for the year exceeded a receipts the
outlay Of the company must have been much advance
and constitutes portion Of what ia denom1atsd the
floating debt which must have been very consideraby
increased BY the destructive rains Of june and recently
~ the FIRE In Troy In the future the promise ID by no
means fattering which We shall from Official evi.
dence when the company makes its annual report to the
Legislature; and in proof Of this anticipation
give the business Of August, . month in which the
travelling world is In fun motion
August the receipts were o42 10
Increase..... ...................... $e,Sos W
IT, then, in 1853 the company minus $133, AIS SO
when labor fuel OIL &c. much cheaper than they
now what viii be their condition and the amount Of
their floating debt At the expiration of the present year
In referring to the Hudson we induced to remark
that with such an account coming from a company
whose reports have always been truthful and reiabe
present the best and proofs evidences that
Of the roads, especially those which are more in.
debted and where economy has been nor can be
rents and interest.
There have arrived at Quebec this year. to 10th August
s6ss9 tons Of shipping, being increase of 800
tons upon last year to date Passengers 405o5
increase Of 44s Of the tonnage 29oe 9s tons were
British and 49, 655 American OF the passengers s2s
from England II Sl3 from Ireland from Scot
land, 5.aS7 from Norway, 4os from Germany, &C.
The importation Of tea into this port during the
chests a. 1855 half chests and SO 25s packages OF coffee
As tiercts, i01 barrels, and 10 BAL bags.
The warrants entered at the Treasury department,
Washington on the I'd inst were
Tor the redemption of stocks. .$e4 231 0S
For the pa, ment Of other Treasury debts. a05sa 40
For the Customs.. ACKNOWLEDGEMENT. 1858 70
Covered iuto the Treasury from misoellans.
Fer the Var Department. 2se,7,s ls
For repsyiBg FOR the War Department. 9sss5 Al
Tcr -, lSs Haty 10 SSs az
For repaying in the Interior Department 47A7 80
The annexed communication from Western man, ON
the banking system of of the Western States,
BE- read With interest BY all parties We agree
With him in his STRUCTURES upon the New England
system.
II matter u iore surprise that much real
sumed ignorance exists in city in reference
notes in the same category-twildcat0 throughout.
note, entering into general circ iatcn In you ev Int
Western man. wish to 1T lie iudg nent aod
discr'mnationa Justice exercised in the classification
Of Western currency To read the Of the oity
papers, an uniformed would necessarily conclude
that there Ia not sound legitimate bank in the West
or dollar Of Western bank papsr OF any value II ii
wei Known throughout the West and should bs equally
Well known among business ers that Of
old widcap banks of Michigan have been revived With
IN few ears and that very industrious attempts have
been made 70 get their paper general circulation by
adyerbsng has redeemabe here, at Buffalo, At fair
discount and by using the Of Eastern banker
IN good credit, interesed party These banks pf
course, have no eartbly claim to credit aside from We
character and ability OF the by whom they have
been revived and managed Because these banks
may be undeservg Of public and may be very
properly styled "wild ca." IA it. therefore, just 10
place the free banks OF inois in the category
is IT, therefore, just 70 aIIade 70 all Western banks or
Western bank paper wild cat" and wcrthlessY If
you win procure and read copy Of the Free Ban king
Law of Illinois and sndments think you will conceie
II TO be the safest general baDki, Law in existence
safest for the bin holder One very strong proof Of this
Is that the entire registered circulation Of these banks
does not exceed two and half millions probably
much ess whereas, the legitimate business wants az
tie state warrant circulation of not hess than afesn
millions The law Is strpgent--so much In favor Of