The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-12-10

classes and the piostrsiOn Of private credit, and of
many other things tending to awids spread revalson
that must shake to the very centre the commercial sys
Of Europe. Advces by previous steamers gave
Indications Of approaching crisis, but those received
by the America of character creating the most
alarming anicipations. We do not how it Is possible
for the whole of Europe to escape financial revuion
The too deep and have been operating too
long to be eradcatcd without terrible CONFUSION,
is best to avail ourselves Of the little time left
to prepare for its coming Those who think tor moment
that shall escape all any part OF this trouble In
which European friends are involved make most
fatal mistake. We may not be such serious sufferers
would be utter folly for to shut eyes to the
tact that interests great DANGER and that we
must feel the shock which must at distant day pros
trate many in Europe intimately connected with Ame
rican trade. The value of money in Europe Of itself
serious matter us weare largely indebted that all
available capital will be called home at once, for every
foeign is in wanto every dollar Nothing bat
unlimited prosperity has enabled to go thus far 30
little influenced BY Eur pean EMBELLISHMENTS, but
shall he required to meet every dollar Of our new in
debtedness created and it is not 1t all impossible
but that such amounts Of our old indebtedness may
required would embarrass considerably.
The Amoic0n Raipoy Times Of the 9Th inst, says
The price Of Panama Railroad stock has risen per cent
within short time, Ia consequence Of hemproved pros
poets for large dividend 10 January The receipts in
october sl2o and the November business it Is
supposed, will be about the The earnings for Ju
iy. August 81 ptember and October 1892 057eav
ing about S226 be earned in November aud Decem
Der to meet the estimate OF Coouel rottea The freight
business ciAy in express frei hts continually
creaSing and the coal transportation has largely eed
ed the estimates Of the company.
The steamship Ariel at this port from Havre and South
ampton, brings days later from Europe. The
most important feature In the financial the decline
in consos In day find that consos fell from sS1
sSX to ssh ASK, decline Of u per cent in less than
"a bouis. This is something unusual and leads to
think that the drain Of bullion going rapid
than ever and that the Of peace without the
slightest foundation. The last Bank statement published
made up TO the 18th Of November, but the daily
Of specie well known In financial Circles
and there can therefore, be doubt but that the next
weekly statement win be very favorable hence the de-
cline in c0nsols.
Albert II. Ncolsys regular ssmiweekly auction sale
Of stocks and bones will take place Monday next the
10th nst l2k O'Clock, At the Merchants Exchange
Some COED insurance stocks will be offered
The anthracite coal trade the past week sh the
approach u winter and the end OF active trade this year.
The sh ments Of the schuyk Navigation Company for
the week en6ing Thursday 4e3 toms and for
the that date 764 TONS against GOT 1854
tons to the time last year. showing increase Of
1877 TONS The Reading Railroad Company closed its
business year the aOth November Its tonnage on
the Zbtn wtnn one Oay ol tne year,
aesins. 1854 for the previous year. The tonnage of
the frat week Of the year. to the 9th inst II
TONS against s74 TOMS delivered the rst week of last
year. The shipments the Lehgh for the week ending
with Saturday last 6e37 tons, against 81, S98
for The corresponding week last year. for the
season 9S6 TOMS against $50 tons to the same
time last year. Shipments the Lehigh are closed and
show gain last year OF e 567 TONS The shipments
Ct lumber 667 feet against 4S 0b2 200 feat last
yesr. The Norris Canal closed the 4th iost
the Delaware division Of the Pennsylvania Canal the
It'll inst.
The annual meeting of the Androscoggin Railroad Com
pany held the Sd inst at Lvermore Falls. The
directors report represented the affairs Of the company
to be in favorable condition ihe earnings amounted
000 and the expenses to sl7 OO0 The extension
the road TO Sandy river 10 talked Of
bill before the Senate Of Tennessee, authoriz
ing conventional rate ointerest If ten per cent, but
leaving the present legal Of interest per cent to
stand the absence Of any agreement between the par
ties to contract fixing another rate not higher than ten
per cent.
The Central Railroad and Banking Company of Georgia.
have declared semiannual dividend OF Eve per cent
the Marine Bank OF Savannah semi annual dividend Of
seven per cent.
To those who disposed to hold to New York Cen
trail for COED 1t has done them In times past pre-
fer FIVE or six per Investment to a larger one
the ground that il home" have not word
to say The stock must be held by somebody aud 1t Ia
perhaps well that continues in their hands To the
ousiders-the small dealers-those who are anxious to
make the most out Of their little capital can i'll
afford TO that little capital gradually diminishing,
both in revenue and market value-who are willing to
csndidy weigh well meant and well considered advice
have much TO say And what We have to say concerns
that class alone They be the sufferers gamers
rvb.. tho ,tpnt
they are weak and unsophisd lated. They know
very little about II. They have not leisure to ex-
anime the minutie Of = financial concern Of this
magnitude, nor the necessary experience to m
prehend 1t II they had. They take statement OF
three Of ngures-earnings expenses aud profits
and tina. is about Is far as they are permitted to go
They see great flourish made about the reduction OF the
debt Of the company Of 1912 COO within two years. while
nothing is said about increase another page Of
the ledger Of So 900 900 within the same period
They statement that the expenses are fifty per cent
Of the gross earnings WITH nothing allowed for depre
cstion while the fact this cunts to
$500 pee annum, proved by the stase Eag
neers report entirely overlooked. They the geo.s
ce pts from month month increasing while the fact that
the net income decreasing Is steadily kept out Of gnt
Take the very last months report for instance. In
October the receipts s126,75o a. showing an in
crease gross OF SIT $780, and leaving II to be inferred
tba the net In proportion, while In fast the net was
less by looking little closer into the statement 1t will
BE- observed that the increase Is freight which, the
State Engineer ssys the roai has been carrying for less
than c"st Of transportation while passengers (the
only Of pro6 there decrease If $40 600
Allusion has been made TO wldos in Albany who
compelled by certain Wall street rascaes to part with
her Central stock ct o6 per She has saved nine
per cent up 10 this time BY the sacrifice but full hts
tory Of that investment remains to be told II that
this Lady purchased her stock s the time of the
datiop at 100 per cent. She In uced to 60 into
from the fact that al the leading Ia Albany said it
wss cheap The party who sod the sscck was diressos
In zoe Of the consolidated companies He sold Ave hun
Died .hses Of the sosk for the openiog clearing his
original investment little hundred per cent
He also sold considerable suount Of the stock At The
sane time short. Now had this lady known as much Of