New-York daily tribune., 1854-09-02

NImher Of Banks in the United States, I2uc.
Ip's paa spS 81 pecant GU 27 i28
Due 10 Other 513l5 ~
Specie. h3it9SpJ
i$s ss IA
Due 10 ober 5'3l&l62
A.tTIpss .S pspoo. C'.n. c'.4' ssas77sN
,iidS Io.i srd Dues 20 other BsaE.,,, fsaOIs
Asfrgst. Of immediate Means. Of sT.cie,
spece Eurds, Notes Of Other Banks, and Sums
Ood and Silver In the q. sary depoories 25 1886 25l
Total Specie in Banks and Treasury depostoreS ei15N
Tie LOckp0rt Courier states that the Csnal Bank
ofthat place has effected sale Of it's Arkansas Bonds
and taken them out Of the Bank Department and sub
stitued New.York State Stock in their stead that
bills OF that bank arc now all secured by mortgages
upon farms in Niagara Co. and New.York State
Stocks. BY this sale about $4,000 in cash has been
adced TO the capital of the bank
ERIE RALRoAD.-No one will suspect us of par
iislty of the Erie Railroads but strikes that the
position il now holds in public estimation presents
striking contrast to its former popularity, not juse1
by facts and not at all a.terng TO the sagacty or
consistency OF its former friends. Ii was once the IA
vorite security of New. York. Certain assumed re-
suits Of It's construction carried its stock to a high
figure. These, and even greater results, have been
realized vet il is fast running 10 point at which 1t
will be difficult apparently to give its stock away
What is the cause of this great change Not that
the road bas not redeemed its pledges by which II was
receive into popular favor, but that tho public in
spite of its success, has lost confidence IN It. The
road s as valuable and productive as Il was ever
claimed that il would be. II is the popular sentiment
that has changed, change, il this sentiment WAS
ever correct due TO caprice rather than TO any pewy
discovered evidence impeaching the value of the
read.
In our opinion the road is worth vastly than it
ever was. The Calae oft depends upon the nqqagc-
ment. II is earning enough TO pay reasonable in
come its cost II il he economically managed it is
L.. No xyol, aof oft Nnuap nv
tirus uyon this feet mcneDtous Question this IN
every road. 4 conviction that II was not Well man
aged led us to attack its direction. The result was
that neg men were called TO its charge. Under the
direction of these, important reforms have been
Effected particularly in the Superintendents depart
meDt upon the conduct Of which the success of every
road depends.
The mode of reasoning applied to other roads will
show the rou2clessness Of the present panic in Erie.
Its earnings of the past half of the year ending July
Let have been ~, 500 600. Estimating that the re-
ttipts will be 10 per cent greater for the balance OF
the year. has uniformly been the fact, the total will
be S. 250, Goo Ths sum is equal to nearly l53 per
cent. on q cost of S34 coo, 600.
Allowing 80 y cent. for expenses, leaves s2,62j, 900
for interest and dividends, on Il cent on the cost
Of the road There does not appear to be- any alacy
in this mode of reasoning, is there if oar prem
ises be correct and the road be well managed, both
Of which we assume We admit that wa are agree
ably disappointed in the earnings OF the road lhAy
are much greater than We antlcipsted 80 much 80,
that satisfied the receipts are large enongh TO
pay y cent. net the capital Of s34 OOO,O 900. II
such be the fact would ii not be wiser for the stock
holders 10 look little sharply into the msnaye-
ment and value of their property, instead of giving
way 10 unaccountabe panics, and selling their stock,
without knowing whether it be worth 10 or 400 cents
the dollar. If the manner in which the holders OF
Erie stock went into il calculated to inspire dis
trust as to the soundness of their judgments, the
manner in which they quitting it is well calculated
to inspire contempt. Am Railroad journal.
The quantity Of Flour Wheat, Corn and Barley
left a, tide -wator during the fourth week IN August
in the years 1853 arr 1854, is as follows:
Flour. bbls Wheat. bush. Corn, bush Barley, bush
u3lCgCn lQl7i5 2Og25 2S.l37
BS..... HSS8 dG5i 1885 N,Oco
Dee. ..95st6 Dee. 3i7 09l Inc. 2l592 Dec. 1902
TIE aggregate quantity Of the articles left at
ude. water from the commencement of navigation 10
a Il l..-- IL 1.