New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-09-28

The Quincy Stone Bank has declared SOM annual
dividend of 4, y cent
The statement of the Newt Orleans Banks show tho
following results:
7sioslO sTSosos1 Deer esq., n
Calculation. $3.50. 60isse 6o,g1s Deer ilaTIs
iSSSssss lssSsS, iass 4sM.
Escbsnse.............. sd,il4 l-A6Sl Deer fsTS
The Directors of the Saratoga and Sacketts Hsr-
Dor Railroad Co., tho Bonds of which hsvejust been
introduced at the Stock Board, are: w. c. Il. Wsd-
dell. New-York Z. G. Merrick, Jefferson County p.
S. Stewart, Carthage, Jefferson County; Robert
Speir Saratoga County; j. Beekman Finley, Sara
toga County; Samuel p. Lyman, Oneida County;
James HOLSTER Buffalo; Charles 4. Clark, Jefferson
County; Lyman r. Lyon, Lewis County james NJ.
Marvin, Saratoga County; Otis Cspp, Boston:
Charles Macy, New-York John X. Briggs, New
York President, VIM. Coventry IL. WaddelL Super
intendent of Operations, s. p. Lyman. Treasurer,
Edmund ID. Saxton. Secretary, Samuel EDis.
The whole length of the road is iss miles. Tho
estimated cost including 81, $50, 900 for equpsge, 10
s7,6ls,7 700, To provide for this the Company have
ssued $4,000 900 bonds and are calling installments
on the stock for the additional sum needed. The
bonds are at p cent due in 1874, and sold at
par to parties who undertook to build the road. Tho
capital stock is 60 900 OOO This stock represents in
land on the line of the road which have been donated
to it by the State and individuals. The bonds arc
secured by mortgage of the road and lands made to
j. G.. Forbes, late of Genesee, John Vanderbilt Of
Kings Co. and Henry Wager of Oneida Co. Bya
provision in the mortgage the lands are to be sold at
not lees than ss and the proceeds invested in
these bonds. 1t is intended to complete the road from
the iron region to the eastern terminus, about 100
.,I G.rfk .s<a
miles, on Black River, by November, 1856. Tho
iron has been contracted for at prices below the
estimate of the engineer The estimate OF the bust
ness of the Road is s2Os5,27s, of which s,7s5,s7s
| is from freight. The net profit is estimated at
81 ,O69, $780, The Company claim that this Ia the
most eligible route between tide water and the
east end of Lake Ontario, and that il will be sue
ceesful competitor for the through business Its
great business however, will come from the transpor-
taton Of wood TIMBER coal iron, charcoal, Lumber,
&c. OF the land the surveyor reports $4,000 acres
good pine timber, 100 900 acres good spruce timber,
100 600 acres good hemlock timber and 900 acres
valuable for cordwood and for agricultural purposes.
The report adds:
The pine timber is ascertained TO be Of the best
quality There having been access TO II by canals
or railways, il has not been culed or destroyed. IL
is on the average of distance, 200 miles nearer ID
tidewater than the pine timber on The Ere Railroad.
Mt the heads of the Genesee and Allegheny Rivers,
where the same kind of timber is worth - per N,
| board measure standing in the tree. In some in
| stances more is realized. II will cost but % NJ ~
transport this, while il costs between 20 and " to
| TRANSPORT that. Cord wood at Albany and Troy and
the towns 10 which this will be carried, Is already
worth from S. to s6 p cord. The Chief Engineer
in his report says this road can carry wood at 80
y cord. He estimates the value OF all the road can
transport at least OIL y cord in the tree-others est-
mate il at 80 y cord. The average quantity per
acre IL at least fifty cords. Hemlock bark for tan
ming leather is great ITEM This Comaany has at
least 100 600 acres, which will yield, il believed,
six cords 10 the acre. perhaps eight cords. Charcoal
IL another great item. The facilities for making and
ransporiDg coal the line Of this road never
surpassed. The Company can resort 10 any ono Of
the sources on its own lands and with its own ROAD
transport enough OF lts own property 10 market I'd
pay the interest on the bonds Besides these, the
Company owns oneffth OF the famous Adirondack
iron ore beds from which il could also carry 70
market enough annually TO pay tho interest. INC
specific arrangement for the payment OF the interest
as il fas que is from the instamenis PAID on tne
stock.
The weekly statement Of the Boston Banks gives
the following results:
Capital ssI 4ss coo Due from Banks syas5 70
Loss. Ae'''' "a ssS57os
Due Bsnks......... sSH6cSI -.
The San Franeiseo Co"@ere'o' haee''s'er OF ue
let inst publishes another angry ies'ef RON o. A.
McMeans, Treasurer OF '"e oa" y, Naiho'ns' "a
dressed to the Hon. NJ J. Latham d. G., In relation
10 the late Transactions between the State Agents and
Messrs. Duncan, Sherman g. Co. Of this City, rels-
tive to payment of the State interest. 1t viii be re-
nembered that Mr. Cook was obliged to withdrsws
portion Of former letter Of the State Treasurer before
Messrs. Duncan e. Sherman would consent TO act in
the matter Of paying the July Coupons Of the State
In relation TO this, Mr.. McMeans remarks:
81. NJ hxNn
become spoloEs VIII add that " far from desiring
withdraw plain away snyhns contained In ny ef %
Apr & 1854 End a. determination, to be expressive N
ali respect. Of my exset meaning Further their sppiesnso
to Nessnz Palmer, Cook Co. 70 be made fnsaeil 3ssn
the STATE thou al pronounced by them "whsJ bs.s 80
l.e has been Is.srnsd y NJ rsas a.
hoas, besrns dsts Ausas s. 1854 The question
between these sensmsa, 10 not for ne. bet f< shs
decide. t
m t.sx.- .oncicdaa A foflovs.