New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-07-14

1899 $50 - sSO2O35 6S
Transportation. Roadway, Dumps.e, .
Renewal Fund, and all charges l7o,lSS Is I4Sol "
Net pro6t for the s202 200 80 SlT54 g
Net profit for previous months. W7pSo !" oSetfS q
Total net rrost for 7mon.h...sIIss29 SO s7ssS So
II will be seen that the net profit of the month has
been increased nearly 10 p cent actual reduc-
ton of between three and four thousand dollars. The
Company gives notice that the transfer books of the
stock of the Company will be closed ON Tuesday, l'th
inst. at3PM and be re.opened on Monday 30th
inst.
The business of the Clearing House 1901, oOo
We have received the following note from Mayor
King of st. Louis, in relation to the annexed para
graph in our journal:
zone of the Law officers of the City of St. Louis
has decided that the issue of City Bonds for the Ohio
ard Mississippi Railroad subscr otion was illegal.
There il however no disposition TO repudate them.
We do MT see that the Mayor puts any new feature
on the matter He does not deRy the statement of
such an opinion being held, and we expressly stated
there was no disposition to repudate the Bonds.
MAYORS OFFICE, st. Louis, July 9, 1855
To TIE Editor u The ". Y. Tribune, Neu- York City
SIR: observe paragraph in the Money article of
Your columns of the 2eh ut IN which 1t s stated that
Zone of the law officers of the city of II, Louis has de-
"cded that the issue of city bonds TO the Ohio and Mis-
"sissippi Railroad was Illegal and nasmuch as the ar
tcle is calculated to create wrong impression upon
the public mind, deem il my duty TO say that what
ever one of the law ofhccrs" there IS but one may
have said does not in any way affect the integrity OF
the people of this great city, not one of whom ever
heard thought ofrePudiatng any act OF their legally
constituted authorities.
The prompt payment of the interest on the lst inst
in your City, Of the bonds issued to the Ohio and Mis-
siseippi Railroad, well other obligations is suti
cient evidence of our Willingness as well as our ability
TO meet every obligation may contract. There are
no better bonds and more surely to be paid at
maturity, with all nterest accrues than those
of ST. Louis among which are the bonds given to the
Ohio and Mississippi Railroad, as also those given to
all other railroads. and for any and all other purposes
whatsoever. Please publish this in your Money col
Lmn, and oblige Yours respectfully,
WASH'N KING, Mayor of st. Louis.
The Racine and Mississippi Railroad, which is now
under active construction from Racine to Beoit, will
be very shortly opened for traffic. The first section
from Racine to Fox River, twenty-six miles, and
air line will be opened for traffic by, before lst
Sept next, and to ten miles beyond Delavan, and So
mikes by the lst December next. Iron for this distance
has been purchased and is on the way. The remain
ing distance TO Beloit il is expected will be completed
by the LIST of April next This road will be like the
Gaena and Chicago, of the largest freight lines
in the West, it penerates and connects our other
lines with the rich country west of Lake Michi-
gan extending beyond the Mississippi, it is to
tend to Freepor, H., where it connects with the
Illinois Central Road TO Galena and Dubuque. This
road is twenty miles to these points than any
other road built, or being constructed from Lake
Michigan.
We learn from Albany that the announcement of
new State loan of 81 $50 600 to be issued in Septe
Der is without foundation.
The Money article of The Independent says;
"Our Bank parlors present more buslness-like
appearance. There is less bowling and scraping less
smiles and less compliments. If man don't take off
his chaDedu he enters the door, il is all the same,
prorided he has in his hand instead Of his hat lot
of good business-paper. Nothing is said now to a
house in good standing about waiting to have their
offering go before the Board. II the paper is good the
money obtained and the parties go about their bust
nees without being requested 10 call again for a de-
csioD. During the whole of the past six months our
merchants have been hauling in sail. Contraction
and liquidation have been the order of the day. Those
who have hitherto done too much business have made
up their minds TO do less and do Il better. Country
merchants who have asked twelve months credit have
been disappointed. They have, therefore, bought
less, and intend 10 pay more promptly. Importers
who have frequently had their fingers burnt by
sending out second orders, have taken more pru-
cent course the past season. With small stocks on
hand they are now well prepared for good Fall trade
Their importatons will be liberal, but not large a.
formerly. The prospect for the Fall it cannot be
concealed is bright. Our crops in the aggregate will
probably be more abundant than ever and the cond
ton OF the foreign market will doubtless be such that
prices will continue TO rule high. Money will also he
dbundant-mOre so IMAM II mas been Tor many years.
II the foreign should be concluded we shall proba-
bly,, nation, be prosperous than ever BEFORE
Let business men then act with cauton-not for
getting the lessons taught the past two years. Let
them remainder that safety should be the lac Of every
transaction"
The Providence, Warren and Bristol Railroad is
completed The Directors with few others who had
been invited, passed over the road on Thursday
he Bevidere and Delaware Railroad is to be i'm.
medistsly extended to Belvidere, and the Company
has ordered additional locomotives and cars for the
transportation Of coal from Easton whittier it will be
taken by the Lehgh Valley Railroad from the Lehgh
mines.
The Boston Courier gives the annexed instance of
the fact that riches take wings and fly away" The
truth Of this axiom fully e1empfed yesterday BY
the sight and perusal of private schedule of railroad
stocks and bonds belonging to an individual and val
ued eighteen months ago at little over s374OO the
market value of which to-day only about slls 900,
showing depreciation of s26l, 900 in one year and
half beside the loss Of interest These securities were