New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-02-05


$500 Cleveland 4 Pittsburgh r. z. Incomes. d 81
5000 Northern I.di.na Goshen Branch. DO g
IS shares haDnstsn FIRE Insurance. Co .........".1lsl
50 DO s.teI Fire :, Insurance Co Isl
20 do Harmony Fire Insurance Co............... 7Si
Albert II. Ncolays regular semiweekiy auctioo
ssles Of stocks and bonds will take place on Monday
next the 5th inst, at l9I O'clock at the Merchants
Exchange.
By typographical error yesterday, under the
dividend head the semi annual dividend of the Lor-
rilard Insurance Company wa, apparently reduced
from lis regular standard of fire 10 four per cent.
The dividend was per cent.
Itis ,upposed that the Bank Statement Of next
week will chow again a considerable improve nsnt in
the specie reserve, carrying the amount beyond
Seventeen Millions. The Loans and Discounts viii
also probably show an increase, as the Banks have
been disposed to be liberal TO their dealers aud have
bee n anxious to lend on call The Money market in
the street lie very easy and the large stock and bank
inc .houss have money offered them on al at 5a6
2 cent. The current rate on good securities, how
ever Isl y cent. Paper rated as frst-cass lie quite
scsrce, and in demand a. sa9 Y cent with some
names going at y cent. Some OF the Banks have
taken strictly first class short paper at p cent.
Generaly, however the offerings are about equal to
the ability of the B AXIS to discount.
The City Bank of Brooklyn has declared semi
annual dividend Of y cent, payable 18th inst.
The Erie Railroad Company has retired about g..
500 coo Of their Income Bonds due on the let inst,
leaving ess than t2oo, 900 outstanding, which will
come in slowy. This lie one OF the few instances ex-
tant Of Railroad loao paid of at maturity.
The American Coal Company Parker Vein are
operating and mining told about 400 tuns per
day. A cargo was received and sold to-day to the
NewJerey Ferry Company. The propellers which
belonged to the Parker Vein Company are nov run
ming between this port and Baltimore and would form
a valuable link between this City and the West Il the
Baltimore and Ohio Railroad Company would CO.
operate heartily with it. Some parties, We under
stand, are negotiating for the purchase of some Of
these ships to form line in another quarter.
The business at the Clearing House, were sl6,-
62C 400.
We have report from the West that the Ohio ard
Mississippi Railroad Company have made very far
yorable settlement with Page & Bacon, and have
now the completion Of the Road in their own hands.
At Philadelphia, United States Bank shares sold
yesterday at IS cents y share. Compare this price
with The price Of shares of the Bank few years ago.
when The stock was sought for at sl35 q share.
The Rensselaer, County Insurance Company OF
Lansingburgh, has made en- assignment Of its effects
and receiver has been appointed. The Troy rh'g
says:
Its affairs have for some time past been s@bar-
pany was Joint Stock and Mutu,l concern, and Was
OF gspized some eighteen or twenty years ago. le
reIutston has been generally good, and its business
a good deal exteI ded Several owners of property
d.sIro, ed by ere in this city, in August last suffer by
this failure, some of them 10 considerable amounts
Another of the interior failures we alluded TO yes er
day has taken place, but the banks connected With
these per sops are st sustained and probably will be-
II is tht DRY with some financial sages that the
cunence of financial disasters in England or France,
followed by fal in the securities OF those countries,
American securities would be sent home upon us, for
SALE In order 10 invest the proceeds in Consols or
Rentes. This is an old theory but has never been
r. azed to any serious extent. In relation to this idea
The Econ0mistssys:
1.-The amount Of stocks duce by the States of the
Union we rever per se, cause discredit. They are,
IN themselves in the eyes Of people like foreign capt.
tsisis who are accustomed TO the most nordinae
debit, balanced upon the exertions of handful Of
people but an nss nifcaDt sum. The Americ An peo-
pie lumber "a 600 900 in round numbers Of the most
active, industrious, and thriving race, Occupying q
country Of the most prolific wealth. This people
wed If allow the national debt Of the close Of the
Mexican 10 have been s64 900 900, an aggregate
of s3as 900 900. f6i $50 600. This nstona debt
is but S33 goo O0O e0 600 600 having been paid
in gold in the last year This debt IL, with us, how
ever doubtless a serious matter but in the eyes OF
foreigners not Great Britain, for instance, with q
population of 81 900 co., has debt OF sra 53o,75s
As Ireland cannot be depended for this debt, il
may be all charged upon the English, and amounts 70
$50 head a. ainst q head OF debt in the United
States This English debt represents property once
had and spent now gone forever. large portion OF
that in the United States represents substantial pub
lie works, worth the money they coet. Holland ha,
population Of 2el5 1885, about many the State Of
York and the national debt is tl65 900 ooo esy
An- IL 49, 49, -.I
Gliding the new loan Of tl00 900 O00 is o. ILL., l63
go, nearly $50 q head. Other countries of Europe
are no better OIL Now, bankers and STOCK jobbers
who AVE been helping TO create sach debts by COL
poor and estDg them in these securities were not
frightened by debt Of O. y head due By the Uai,ed
States"
The public debt Of Indiana, according to official re-
ports stood the lst Of November las. a. follows:
III 49,