The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-08-29

foremost In line IL The Bank cf Louisiana with $50 ooo
Canal Rsnk With $50 Coo Citizens Bank with sioo Ooo
exception well 10 10. Ihe Southern has ab,ut one
hundred Ter cent in coin In excess Of the law with
over half million Of exchange, which il pretty sttf
balance.
Of course under the favorable position Of the banks
there Is but lis'ie short dated paper Offering the
in the city OF long dates there Is not sufficient Of
feIirg to-day he brokerage on which would cancel
months ofee rent. Rates are consequently nominal
The following communication relative to the az
fairs of the Cleveland and Toledo Railroad Company
is from party interested as stockholder and bond
holder We give him The full benefit Of our columns,
without comment This is the third communication
We have published in favor of the company to one
against it, which exonerates US from all charges Of
prejudice or unairness We disposed to give both
sides an equal chance but must reserve the right Of
giving our own opinions regarding the points ct
ssue:-
CLEVELAND AND TOLEDO RAILROAD.
Allow me T. give the facts relating to this road.
ale and which all the through travel viii pass Is
he mile he ohe. line runs inland = from n K. JAKE lake and
5000 10 the nile This road has large local business
md meets With the road from sandusky to Cleveland
will pay MS running expenses interest on its bonds
nd stock and do seiy leaving the ire receipts on
he main line 10 60 t. he payment Of dividends on it's
stoch Henry Aiartin Esq, tho President an old and
esteemed niend assured me some time since after n
aeiul pericna eSamiLa Of Tie subject OF tho truth
tf The above ria oment. II The short will take care
IF itfelf lie main line must be Of the best In the
country us cost, conpa lively, is small and its posi-
tcn and connections passed. Ihe III 10 and Wabash
railroad will e.e ling he completed, when vast line OF
road will be opened 10 81. Louis, Terminating Toledo
and passengers and freight going he Cleveland and
TOLEDO road. lhe stiaight Hue Michigan southern
anu Northern Indiana will be completed, when an
all line will exis BE- Toledo and Chicago and cars
will run beween The cilies in six hours. Lee these and
otLel inn apt imp be made, and shall see
what The Cleveland and 1oledo will do. have been con.
Leced with Tie Wes,eln roads for many years. under
stand the fac.s and lhosoi ny OF them mink and un-
less some diversion VI trade takes place. Of
which see no indications pre- emit this road be
among the first cass roads VI The country. The eatre
capital stock Of The road OOcbonds o. 0oO
stock COO. Ate toa ing debt the LIST July
ST. Geo. casL and Assets land Sal OU0 besides this
there SUR Of sIOS o. making cash and perfectly
stund sets s.4s 60 Tie year at least
81 10000 This is the estimate Of Mr.. Martini more
reliable and efficient than whom Is be found.
Nexs year they cannot be less with the communica-
tcns which viii be olened, than 81 500 900 Ao wing
one half for running exi enaes-tnough Mr. Marn says
lie rtn the road oi $46 per lO0we have $625 900
het income. The interest 500 bonds Ii &l6
Coo leaving s. S. 20. for dividend 90 Of stock
that Il Il per cent, With surplus u $3u0o0.
gotiaons which are now making and which will be
concluded will add ,ey considerably to the receipts of
The and be tfad1an age TO In various ways. They
will pre- badly be announced next week. Let those who
nte esed in the wait and hear the report which
win then doubt be made
1Le r.ad viii pay cash dividend the LIST Of October
and will Lave eai ned It. Alb.