The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-05-18

whole cost of the road to the LIST of May
was 81 o75575 So including s35 SIT 90 discount mort
gage bonds The road opened to Concord the 18th
Of August, 1852 The balance between the expense of
running the road from the time when it first opened
to intermediate places and its income up to September
], 1882 was carried to account Of construction.
From September l. 1852, to May l. 1854, the income
Ahc oo2o3 40
Net earnings $4l 1915 IL
The indebtedness Of the company the LIST of May,
1854, was as foowsFirst mortgage loan and interest,
5o loan of ron commission and interest same
ss2,914 81; mortgage bonds s345, 7oO coupons due,
S35 note to Concord road $50 00O note to Nashua
and L. road and interest, sl5 7lS; bills payable and in
terest, s1o7 921 90; P. and Transportation Company
s12, $50 Ca due unsettled accounts 72-tota
sC2Ss46 &c. deduct funded debt s423, 97S 64-baance
due, floating debt 1904 se7 r. This shows reduction
Of s1o6os o6 in the debt since the last report nclud
ing bonds redeemed and on hand
The Cleveland Herald of the 18th inst gives the fol-
lowing leading points in the arrangement agreed upon
the adjustment Of the railroad difficulty at Erie Penn
syvsnia:-
1st The Cleveland and Erie Railroad Company are to re-
sumo that portion of their track within the state Penn.
sylyana and to enjoy the right of way through Erie,
without break OF gauge subject only to such taxaons
as may, by general law, be imposed upon all the rail
hundred thousand dollars to the stock the Erie ana
Sunbury Railroad, to be paid in their bonds, bearing
seven per cent n,erestthe Erie and Sunbury Company
guaranteeing return thereon of six per cent.
I'd. track is to be laid to the harbor of Erie
The mutual advantages and concessions of the settle
ment are obvious. Philadelphia, Erie and Cleveland
have special cause for coDgratulaon in the important
aid thus secured for the construction of the Sunbury
road This will open valuable line of travel and trade
and the arrangement made So nterlaces the interests
OF the three cities named to make this great line at
once bond OF harmony and union.
Iva rpe0tb ot The nj p1ra
must depend for their increase of lake and
local trade rather upon their railroad connections with
the INTERIOR than upon the East and West through roads,
The history of city is proof of this The Cleve-
land and Pittsburg, and the Cleveland Columbus and
Cincinnati roads, with all their interior connections have
brought to us the unbounded mineral and agricultural
resources Of the State and have opened merchants
an immense and increasing trade 1t is important to
state in this connection that the passenger business Of
the lake has ceased to be profitable The line Of boats
running between Cleveland and Buffalo during the
of 1884, was sustained at heavy loss. The was
true Of the sandusky and Buffalo line
In this state of facts 1t may be confidently predicted
that the Erie and Sunbury road will open to the city of
Erie of prosperity. None dispute the excel
lence of her harbor and other commercial advantages
but like all other lake cities she must depend upon her
and commerce.
The Charleston Standard of the 18th inst gives the
annexed condensed statement of the of the
banks OF South Carolina for the month of May
Bills to the extent of 1897 1923 have been withdrawn
from circulation since the last statement; while the
specie in their vaults only reduced the extent
Of s56,5s3, and while accommodations personal
ry have been increased $40 439 The aggregate liabi
ty Of all the banks amounts to 500 S73, 602 of which,
however, sl3,eo4,eo is capital stock, and which
being deducted, leaves their Immediate liabilities
debiedness TO other banks which is reduced by the
bills and liability Of other banks to the extent Of s.
by this report the balance after this dedue
ticn, is sl7756,745 which Is all for whose payment
' there IS % loans oa tss er
stock S6l5 4S3, loans other stock 81 45o, do
mestic exchange s9,4S7,7c5 foreign exchanges $780,
43, investments in stock 34a in branches and
agencies 81 $50 10s-makng In the aggregate ST. $685.
$3.50, within 1858 500 of the aggregate Of
biity above stated all of which, under ordinary cir
cumsances, may be made Immediately available; while
investments in real estate s4e3 5s2 personal Sc
the ERE loan s249 s47 and the money invested
in other ways 1902 33lmaking in all $14 100 259-may
be reasonably presumed fund seficent to answer ali
deficiencies resulting from the contingencies of financial
experience From this state Of facts, would infer
condition Of monetary affairs in this State by
feet stability of institutions. Nor would the per-
sona accommodation to the extent Of 1876, 1873
tended to individuals indicate Indebtedness in the
community which is inconsistent with very healthy
state of commercial matters.
The dry goods trade presents feature worth
noticing. The transactions altogether of a retail
character and Improbable excepting the
standard and popular articles, especially Of American
cottons, concerned. These in reduced supply
and fair request at well supported prices But other
very sparinSiy ueait are on the
decline II is supposed that the veliest portion of
this season has passed by and that during
the next few months dnlness and languor increasing
from week to week. will be the predomnating character
iscs of the business. With such prospect it is not
wonderful to find dealers acting with great caution
ana reserve for this is the only way in which safety
to be found. Brown sheetngs and shrtings quiet,
but toleraby 6rm, the stock is not large urgent
Beached sheetings and shrtings also appear inactive;
while being more freely offered, they generally favor
buyers. Denims and needed at buoyant rates
Drills are moderately inquired for at previous quotations
Duck in good demand and at Strengthening prices
Gnghams find ready purchasers at old figures There is
rather more doing in lawns, but these without
change in value. Osnaburgs plentier and less
sought after Hence, they depreciatng most kinds
having already fallen of half cent per yard, Printing
cloths are inanmate, and almost nominal in price.
There are some lots being imported from England
which may restrict the inquiries for home made goods
Prints are essentially unatered Stripes and ticks
pretty active at former quotations.
We append comparative statement Of the shipments
hence Of cotton goods during five months Ito date) of