New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-12-13


miles per hour therefore, reduces the wear aud tear
With all these facts in mind we believe the follow
ing eftimsie will be amply realized: -
S,s.. n.s cent which equal 70 50 cai on
former rSes charged lost yeaT...'.''.'''''-. oo'V
......................s3l5O $1,000
Deduct cent on debi..'.''.'.'''''7I ~ sS SD
Shining f""V "a s,o
Ne, II, me applicable cash dividends ard so,, ~.
contingencies 49, ..'.. P,o,
With such a margin beyond ell the engagements
tai en- by the Company, can any one DeIiS ior
moment that the interest on the deo, ana ,he pay
rentt 10 40 Sink Bg Fund ever fan 10 be promptly
met ., ;...o...
yearly for long time 10 eome tor not only must the
urs increase Of popuson ana proau Gu 81 'no
the Erie Road but there must aiso be rapid and Ion
portant early increase in The local traiic Tor II Il
OILY within few years thai The counties throngn
which the road passes have had access TO market
for their products and consequently the local traffic
b., es yet only in it, infancy. :,
The sinking Fund Of the Nev-York and Erie Rail-
road Company viii absorb IN tho Twelve months after
TIE negotiation Of the loan if the bonds are purchased
piu. as cnhs' interest said amount, ssOut 1900
In III. snt yeu.............. i35 ooe
ss. Il. mopt,s tere. sisO6e0 looo
Plus Il months interest on...'.''.'.'''''' 4S'VV0)
,,,wo $500 900
The effect OF the monthly purchases Of the new
bonds by the Sinking Fund.- must be to calse them 10
be firmly held at profit from the very day of their
negotiation for all but needy sellers w6l wait Tor
rise before they SELL and those desirous OF selling viii
only offer them when the purchases OF the Sinking
FuDd are made The needy sellers will probably not
more than suffice for the purchases OF the Sinking
Fund particularly IT, as there is every probability,
the money markets next year should everywhere be-
come easy and interest fall 70 moderate rates The
st adnets which all this will produce in the market
value Of the new bonds will attract the attention
Of persons who have temporary investments to make,
and these bonds will, no doubt, soon obtain prefer
enee from this class Of capitalists over every oher IN
yestment Offering In this market. This Will further
improve their market value 30 that 1t appears certain
10 us that the ORR na takers OF the new loan viii
realize a profit on them within moderate time.
Should the entire loan be taken in Europe, the hold
ers could at establish the price at par, and the
Company would be forced TO take them at this price,
and ould the holders refuse to sell at par the Com
papy will then be forced to purchase the bonds OF
1862 and le71 which would, in that event, soon rise
10 par 1.-THE present holders Of the 1862 and 1871
bonds were 10 take the loan, they would soon see
their old bonds rise 20 par well ms the new ones.
No loan has ever been offered anywhere on which
proft was so certain to be realized, the new Loan
OF the New,York and Erie Railroad Company.
A. the Company has decided to close Constru 'ton
Account for the present. there Is no danger that the
pecuniay enbarrassmens of the past can ever occur
again
We regret to announce that another City INK has
been, through Encouragement, brough: into trouble
The Central Bank, situated in Chambers ST near
Broadway, has been suspended from the Clearing
House. paid up s balances to day, but, after ex-
animation, the Committees thought i: jud.ciOus to
Suspend them. Mr.. Jos. X. Taylor is President and
Walter Oakley, Cashier Of this bank. Its sts'emen'
in the Bank Statement of Monday last was-Loans
and discounts 1901 l73 specie, s9s io5 circulation,
SIS, 733; deposits, ss6,249 capital, 100000 The
oans, II will be seen, have been reduced to within
o. 200 of the capital The securities with the Con.
troler for the circulation are worth about SIG OOo
that the notes are perfectly The depositors will
probably be paid in full The fine marble build
ing on the corner Of Chambers-st. and Broadway
intended for tho occupancy Of this institution. The
assets Of The Empire City Bank, we hear are OF YER
doubtful character. The deposits may be paid but
tho stock dividend promises to be small. The stock
has been cold at A.
The interest on the New-York Central Railroad
Convertible Bonds due on the is inst, viii be paid
at the bank ING. houses of Messrs Duncan, Sherman
& Co, of this City.
The Central Bank Of Brooklyn has declared
semi. annual dividend of y cent.
With regard to the failure of Messrs. Blodgett &
&C.. of Boston, announced yesterday it is stated that
they owe between 81 9O0, 900 and e., 900 900, api
show q surplus Of 5000 900 or $500, 900. They owe
one Milkst. house SIG 900, and another si5l 900,
and owe several other creditors about $50 900 each.
The failures at the South and West aud the utter i'm
possibility Of collecting the vast sums due them, is
the cause assigned for this suspension. IL is the
largest failure Of the season in Boston.
The generally received explanation of the non
increase Of specie in the last Bank Statement is that
the late disbursements Of coin from the Assay Office
have been drawn off for the purpose Of strengthening
the banks Of Philadelphia, Boston and the West.
From the latter section of the country, however,
far as we can ascertain the receipts have been about
equal 10 the shipments. The Philadelphia and Bosioa
banks are very short Of specie, and have been
rowing here. There is also, probably some boarding
ofgold among parties who have no means Of dscrimi.
mating between bank notes which are safe to hold AMI
those which are not.
The day of departure of the Collins steamers from
this port has been changed from Saturday to wednes.
day, in consequence Of the withdrawal Of the Cunsrd.
ERE. The next Collins ste smer from this port will
leave on Wednesday, the 27th inst.
Mr.. Edward Bills Circular gives the following sta.
tstics Of the exports Of Bresdstus to Great Britsn
and ireland from LIST September, 1884,
Flour. c Meal whess. Com
From bbls bhls. bash. hnsh
New York ................l95s 2? 4l,lo5 l,72L9q