The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-11-07

Increase (e9 per cent? 1857 474 90
This statement shows the earnings Of the road after de-
ductng the paid to other companies. Tho road
has earned in ten months nearly the amount Of the est
mate Of the cl,iefengineer for the whole year.
The Illinois Central Railroad Company have called for
an nstanent OF Ave dollars each share of its CAPT
tai on which ten dollars has heretofore been paid paya
Die on the sth of December.
The Vermont Legislature, in session. has passed.
Law to punish the fraudulent issue and transfer Of
stock The bill introduced by Mr. Page, Of Rutland;
passed both houses and has been signed by the Cover
nor, and has already taken effect The following is
copy Of the law
An act punish the fraudulent issue and transfer Of
certificates Of stock in corporations
II lie hereby enacted, &c.
See /. Every president cashier treasurer secretary
or other officer and every agent Of any bank railroad
ard desgnedly sign with intent TO issue, sell pledge
or be issued sold pledged, shall willully
and desgnedly issue, sell pledge, 10 be Is
sued sold or pledged any faie fraudulent or simulated
certificate other evidence Of the ownership trans
fer Of any share shares Of the capital stock of such
coronation or any certificate other evidence of the
ownership transfer of any share shares in
such corporation, any instrument purportng to be
a certificate or other evidence oil such ownership
transfer the signing issuing, selling petging Of
which, by such president cashier treasurer other Off
agent shall not be authorized by the charter and
bye laws OF such corporation, by some amendment
thereof shall adudgcd guilty oil felony and shall be
punished by fine not exceeding one thousand dolars
year than ten years. in the discretion of the
court.
See 2 This act shall take effect from its passage.
Approved November !, 1854.
The earnings of the Chicago and Mississippi Railroad
Company for the second week in October amounted to
aT,lo2 SO.
The following letter in relation to the pursued
by the Superintendent OF the Banking Department Of the
State Of New York, regarding the circulation of the
Eighth Avenue Bank is from the party immediately in
erestcd in the amount Of bills forwarded for redemption
There Is very little doubt but Mr. St. John refused
TO do, when requested what he had previously agreed
to. That is the gist OF the matter and that is al it
amounts to-
TO THE EDITOR OF THE NEW YORK HERALD
The long communication with which you we're favored
last week from st. John full OF spleen Thomp-
SOM that am urged by my friends to make reply
through columns Being the unfortunate holder
some notes Of the Eighth Ayepre Bank applied to St.
john the order Of the cashier, for stocks In OK
change the This he declined doing, and in
letter giving his reason sad:-
II should require you to take up the bonds and mort
cages portion of them, so as to keep at least Is
large proportion Of stock is now held that the value
of the securities should not be impaired or diminished
Upon the strength Of this again applied for proper
tion Of bonds and mortgages and stocks when, to my
disappointment can't say surprseSt John took the
ground that he would surrender nothing but bonds and
mortgages. In all this simple business transaction see
nothing that should disturb the bile Of even private
individual much less that or the honorable Supentend
ent Of the Bank Department The only important bear,
e Of banks when
cutty or money for the holders Of such notes must
now take hoir chances in the wndngup Of bank, OF
they must TAKE tho poorest securities held by St. John
which he may turn out direct step to break NJ
the bond and mortgage banks (provded ST. John treats
Others he treats meg could noe be taken nut am Ed
fully in the belief that st. John is the Hon. ID IL st
John in his intercourse with portion Of abosc who
have business at the Bank Department that an entrclv
different result might be expected. ~
looping you win put this before The public. remain
your obedient servant, JN0. THOMPSON
The Rockland Me-, Adrefissr gives a most singular
excuse for the stoppage of tho shipbuilders Bank Of
that place. board OF directors had recently
chosen who knew nothing Of the affairs OF the nstitu