The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-01-19


scr,rs~a.S ..a law TO the Legislature In his
- rs..r-, and We have no doubt tho system wili
,Iau.N4y b very gem orally adopted. II would DO
-aost sasotive way Il putting stop to the Wild
At banking, and would do more towards preserving
. uniform and reasonable currency than eli tho
legislation We have ever yet had. Pennsy lvsnia,
Maryland, Virginia, Louisiana, Missouri, Arkansas,
and District Of Columbia prohibit the issue and
latios Of small bills, and We hope soon TO add ssve-
raj other States 10 the list Indiana, Illinois and
Michigan require such law more than any others
In the Western ssctaon, TO shut out ths. class Of
6DaDciers who have found within their limits such
fine field for their operations.
The State Of North Carolina IL In the market for
another loxn The Treasurer ID DESTROYS Of selling
three hundred and seyenty bonds, OF one thousand
dollars each. They viii bear date the Let Of January
1855, and win have coupons attached for the interest,"
at six per cent per Annum, payable the first days Of
January and July, In each year. Both interest and
principal will be payable at the Bank Of the Repub-
lie in the city Of New York, unless where the pur.
chaser prefers to have them payable at the treasury
Of North Carolina. Proposals will also 10 received
ct the same time for the purchase Of eighty thousand
dollars In bonds, running ten years, issued by the
same authority, for the construction Of the Weldon
and CASTOR Railroad, and the Improvement of the
navigation Of the Mouse and Tar rivers.
The bill authorizing subscription by the State
Of North Carolina Of eight hundred thousand dol
lars to the railroad from Gocsboro via ewbern "
Beaufort Harbor, passed the lower house of the Le
Rislature by vote Of 81 70 IA. There is NO doubt
but that it win pass the Senate. Toe Rip Van
Wrinkle State appears t, be waking up to the I'm,
pOrtance Of extensive system Of internal prove
ments.
The contract for the construction Of the New
York and Boston Air Line Railroad, via Woon-
socket has recently passed out Of the hards Of A.
c. Morton & Go. toto thoss Of John n. Wood, OF
Portland, Me-, and the transfer has been San toned
by the Board of Directors. By this srran cement
Mr.. Wood assumes all the responsibilities CT Aesas.
Morton & Co, and slso becomes subs riber for
GOO shares Of the stock in addition to the large
amount Of stock which he Is to take undtr the pro
visions Of the contract. The di ectors announce
that they expect to complete the road between Md
dletoEn and New Haven within one year, and 70
Boston within two or three years.
The gross income Of the Connecticut River Rail-
road Company tor the year ending November 30th
last, was $277,770 III. Of viii tl35 960 was from
passengers, and $3.50 500 from freight. The total
expenditures were $3.50 GAG rs, leaving the net in
come for the year $s6,82 90. The expense Of
operating the road $ls5 487 Ill the rent OF the
Ashuslot road was $50 900. The total number OF
passengers ca ried during the year WAS 3l9, s25;
number Of tons Of freight carried l02 $780, both Of
which show an increase over the previous year
The operating expeDses-x without charge for tho use
Of freight csrs-snd rent Of the Asnuelot road for
the year, are $44 447 81; the receipts and benefits
from II, $2l sos 94-beiog . loss Of $22 $40 s..
The report Says tnat while the increAe An sna
"gross esrDinss" che past ear been $40 8It
the excess Of epses has lett bui about toe same
net income" ~ in 1868.
The annexed state nent exhibits the capita,
sto k, fuDo ed and floating debt Of the Michigan
Central Railroad Company, With the items Of ex-
pepditure, &c.:--
MICHIGAN CENTRAL RAIIRoAD-DEc, 1854.
Capital 80, 66l, 900
Bond account, viz
Six per cent sterling bonads, not con.
Eight per Get bonds, not convertible l,2l3, $50
10. do. convertibls 1913, 900
- 5000, oe3
Coupon notes. 10 years.. 7o2, 900
biils payable and observation-disclosures OF this
ACKNOWLEDGEMENTS. OIL
Income account, balance OF tins account. 3e7 1878
Total. ........................ .su .s7s, 2ss
10, do No. q, expeldi
lures since purchase. 49,. ..... 1926, $40
Cath In hands X N. Rice, yupern-
Cash in hands o. Tracy Howe, local
New Albapy I'D salem Railroad co. 4SJ. 500
STEAMBOATS, Observation-Disclosures. 3l3,96l
Illinois Central Railroad Bonds 49,. 500, 600
Cash on hand. 237
-slI, a7s, ass