The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-03-03


The receipts as the Office Of the Assistant Treasurer Of
the Unsd States for the port Of New YORK; this day,
March 2 were Sl6e 6s7 81 the payments amounted 70
sl99, e27 4s-balsnos on hand, 1924 ga 0s.
Tho value Of merchandise o ported ints this port
during the month Of Fsbruay, 1854, was Sl2 ITO
against 81 400 for the month In 1883 Decrease
in the month this year, g. 2s2sso OF the i'm ports in
February, 1884, 200 In dutAbls merchandise;
SAGE 500 in free goods s27e 3ss in spsoie and
Withdrawn from warehouse.
The value Of from this port In February 1854 was
S6637 s against a. for the coespon ding month
in 1858. Increase In the month this year. ss74si OF
the exports during the month this year. SS4oo94 was
in domests merchandise 1885, 4s4 In foreign free goods
$500 s9 In foreign dudAbls goods and In specie
The expectation OF specie In February 1854, was only
about ore half that for the same month last year.
The receipts Of the Hadson River Railroad Company.
for the month Of February 1854 amounted to s1eo
A. against Sl76 02s 20 for the month last year.
allowing increase Of a. equal to about twenty
seven per cent.
The Madison and Indianapolis Rsilroad Company have
declared dividend Of eight per cent payable in scrip Of
the Madison Indianapolis and Peru Railroad, redeem
able In three years. and bearing interest ct the rate
SIX per cent per annum.
The Corn Exeha Insurance Company have declared
. semi annual dividend Of six per cent.
The Mum Land CJmpapy have declared dividend OF
fifteen dollars per share. payable demand ct tho office
Of the treasurer, In this city.
The Phenix Bank Of Hartford, OF has declared semi.
annual dividend Of four psr cent
The Mercantile Bank II the name OF An institution lust
started In Hartford with capital o, $500 ooo-samusl
Woodruff, president, and James B. Powell, cashier.
The President Of the Ship Timber Bending Company
has just returned from examination and trial Of the
nrst bending machine built for the company and reports
the successful bending OF timber sixteen feet in length
eight inches by ten which bent to short
be used In ship buildpg BE states that any
sized timber for the largest ships can Be formed into any
desired curve This machine IL it, way to New
York. and will bs put up In few days In the sompanys
buil6ipg ct Grsenpont A machine for furniture has
also been for xardsd and viii bs received at the same
time The company expect 70 begin operations for bond
ing Ill and every kind Of timber next week. The build
ngs ct Gfsenpont comprise large foundry for making
the machines bending house. two story workshop, In
which there are sixty horse power steam engine and
circular saw hs largest in the United statss) Of six
feet dIAmstsr besides sundy oonvsnsasea for bending
timber well large steam vessels for stsamiag the
same.
Tic Ship Timber Bending Company have sold their
patent right - regards the lake States, TO company
formed for the purpose Of cutting and bending the timber
Of the forests which border the Lakes The company
called the Frontier Timber Beading Company, and has
the following strong names - its body Of oesrs:Prss
dent, the Hon. Henry Van Rensselaer,; Vice President
Elijah B. Allen; Secretary and Treasurer ". Q. Brown.
The Trustees aeThe President and viss Presdenf bon
Of Osdensburg; G. xssriok, Of Banalo; Capt. J. Van
elsrc, Of Lewiston; p A. Stockton, Of Rhode lAnd and
VIM. Norris, Of Nsw York. The Ship Timber Company
receive from the Frontier Company ~ purchase money
for the Of its patents In the lake SAtss the amount
Of $3.50 ooo In stock Of the Frontier Company (squA
to dividend Of % saloo per share it, atook,
over 40 per cent? and to receive In addition half
Of the gross earnings Of the last named company.
The follovsg table win show the amounts ct the
raj dspostorss subject TO the draft Of the Treasurer OF
the UnltsA States, on the 10th Of FsbruAry:-