The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-05-15

TOTAL year AVo -
This is less than oneha the export the week previous
which only be accounted for by the fact that there
only steamer and that the Collins line which Is
not fsvorite with shippers Of specie This week there
will be two steamers from this port for Europe and the
shipments will probably be very large.
The Merchants Exchange Company has declared
dividend Of four per cent.
The Mechanics Bank will be renewed on the LIST Janu-
airy next under the free banking system The directors
propose to increase its capital to the amount
Of the surplus profits the 31st December next and
raise the par value of the stock from eighteen dollars to
twenty-five per share.
A. H. Ncolay's semi-weeky sale Of stocks and bonds
will usual take place Monday, at halfp twelve
O'Clock at the Merchants Exchange We requested
to state that unusually large catalogue Of valuable
and desirable securities will be offered including va
riety of stocks and bonds, and bank Insurance. and
other stocks.
The law prohibiting the circulation of small notes in
Virginia. which went into effect the 1s of May, is
very unfavoraby received in some quarters. At meet
ing held few days ago. in Russell county resolutions
passed denouncng the law, and encouraging the
officers whose duty it is to enforce the law, and all
Others to disregard it, 1t is stated that judge Of
Of the courts and the prosecuting attorney took part
in the proce dings of the meeting Some of the papers
in the State predict from its enforcement the most dire
full consequences
The adjourned meeting OF the committees Of the
railroad companies connecting Boston with the two
Cai adas and the Lakes comprising the Lowell Nashua
Concord Northern, Vermont Central Canada, and Og-
densburg) was held in Boston the 18th inst, and
after harmonious and animated discussion, commit
tee appointed with full powers 70 make arrange
ments for the purchase of one thousand additional
freight cars joint account for the accommodation Of
the rapidly increasing through business Of the entire
line which is believed be doubled by this sensible
and bu sness like arrangement. The movement will be
calculated to improve both the intrinsic and market
value of the bonds and stock of the Central and Ogdens
burg roads, enable the other five companies to pay
larger dividends henceforth.
We learn from the Indiana Stale Sentinel that there
1900 miles of railroad in actual operation in Indiana;
1882 process Of construction good portion Of which
is just approaching completion and 1872 miles moro pro.
ected and part surveyed The longest Of the roads
the New Albany and Salem 1853 miles; the Oldest is the
Madison and indianapolis SO miles, commenced in 1888,
and completed 1s47 This road rclad with heavy
rail in 1852 and the first Of January last consoi
dated with the Peru and Indianapolis increasing its
length to 1853 miles. OF the twenyone completed roads
eight centre in indianapolis, which has increased her
10, COO in 1854. M" low - A''S' y
The annexed statement exhibits the quantity and val
Of articles other than foreign drygoods, imported
into this port during the week ending and including
Friday, May IL, 1854