The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-11-13


Paid on Treasury account. ............. soo,s?I 70
Balance do. ................. .6,7l2, 8s3 rs
Paid Tor Afsay Oaic~ ACKNOWLEDGEMENTS. 2ss2 rs
Paid on discussing checks. 6as21 40
The payments to-day include $40 900 California drafts
We have not heard q any engagement for specie togo
out in the Baltic Wednesday from this port. The
non arrival OF the California rei,tances wi without
doubt, make the export Of gold this week limited
The Ward Coal Company have consolidated the shares
repr ssenting their capital stock making them Of the par
q $50 each their capital being $500 600 represented ny
10 600 shares Of $50 each This IA In the right
direction The public do not fancy shares ot the low par
value Of 81.
When the Utica aud Schenectady Railroad Company
agreed with the other companies composing the New
Yosk Central to consolidate into a single corpora,on
pursuan; TO act passed % April, 1853 certain
to meet contingent liabilities which wore
recently sold BY simeon Draper at the Merchant
change, and produced about per OF ths oeinal
capital stock paid In to the road Al that tune
the original stock cost the holders not sixty per
cont, the whole u the capital subscribed Mt having
been paid in and seHive ana dividend had
made repeatedly from the time the was chartered
in 1892 TO July 1858 which period tho capital wa,
increased from the original sum- 50 600 900 to ~ 500 600
This ten per cent deducted from the sxty per cent
duced the cost Of the above stock Gy per ~ the
and equipping The road.
Article 81 the agreement 70 consolidate, made 18th
May 1885 filed and recorded in The Office Of The -
cretary Of State, contains these words--
The capital stock u the said ne corporation
being limited by the act aforesad to the nggte.
gate amount q The cap,ials d ibe several com.
Ianies thus consolidated, the respective parties
hereto do severaily agree and declare that the
capital stock 81 the said corporations rcsT,ctivoly t.
geiheT with the amount II any Of outstanhng bonds L..
lgru he Rtia will
right priyeg. 70 the holders thereof to the
into tho capital stock Of such companies respective
y At PAR surrender OF the SAID bonds and such
terms therein mentioned, A. follows. The present
actual paid up capital stock q the Utica and schbn"et
cy Railroad Company divided into shares ~ sl0) each
i four millions five hundred thousand dcllars'
ahe present actual capital look Of tho Mohas valley
Railroad Company divided into hsres u 800 each aai
which sio pr share las phil leaving 80 Per
hare remaining urpaid = million i've hundred and
seventy FIVE thousand dollars And tho isth artsie ~
tn same agreement contains these words
The estate property and franchise IL the said compa
neSpartes hereto which ~ pursuance ~ The faiJ
u the Legislature, sii vest IN the said cofppraon
its organization being relatively Il unequal value.
and the stocks ~ the respective COMPANIES having here
tofpte uniformly sold IN market at different pdeea -
raie- u premium the parties hereto % he eby sith tie
vie. Of making compensation for such differences - u"
ocAhcideis oi to said compans. respectively, On upon
the following amounts Ia be- allowed therefor By the s~ns
Il certificates n herein alter mentioned - ~it TO the
stockholders % the rtcs and schenccaiy Railroad Com
s5b zach 800 ~ the capital stock thereof To the
stockholders II the MOha 81 Valley Railroad Coup1ny IL
u hereby agreed 70 slos nifty I've per cent hfy Owe
Collars each hundred dollars ot the whole capital
stock thereof the .si capai stock being subject y the
further payment q ninety dollars each ahae thereof
~ hforesaid.
IN 1850 an act 49, pa.sed 70 authorize any ngme ~
persons not less than twenty hre 20 form rairoaa
company, which rendered the right - construct rad
the foaise surveyed AMI laia OFT ior the Moiask
Valley and syracuse and Utica direct a iitts yaiae
md free and open s. ho.e sho should o.; ,hs
sau., there many contiguous parallel f0ntes tbs
Superiority u either o. hsh wsad - aincat T. -
'efmns Why then, ,ho.e enormous premiums
Showed when money lad been expended beaca sally
tie centrti vhcn bas yet derived any adyan,ae
the surveys ne premium y - pr cent allowed
The 81 675, 600 aci lon pai The u,h.-s valley
Railroad amounts q ss'a no. and The pfc'aium ~ 80
pereea. to 600 90 Gcoos pisi y ths ruca ssa
syracuse direct amounis - toD coto,al VI To- ~.
III premium y = per allossd H. o. soo c,o
inflated apiiai of IN" Itss &p -hrnsetRiy Railroad
amounts 70 s2a7so 40, 49, The premium y - pr
sored o. 700 600 inflated capital ~ ihs syracuse and
tucs Railroad, amounts = 81 1900
T1s tiles snd Schenectady Railroad eIsni. from ,hs
~ 4 schenectady = ne city a Uu,s ssveaiy eight
us, distance ~ north ,lds y ~ sohN~t ritrr,
he base - ne hill aLns n vsI.yoyef hall ths
distance IA, land u Gnishei 10 1890 cost
= about Ovo pef mile AE1 The sum totkl pail 1f
sirueiiny sni furnishing the road, kc v JAn1sry 1874
was - OIL bst ths capital s,sos rryr. sn,si
- - " sco0so .ssn tb- article. n ssfsssnsnt
sgued 70 form 'hs Ssr York Central ana s s0sns cs,
- the original so~sbsd.s ~ tn. oopsny = saeb 800
share y Ss- yort ossrn sfa the payment y ihe isn
ref c~n prccs@ a the Draper sis a A'set. - tnlJ
80 In addition % the e~rtho.ts e. ti"o hsrr IL
sss Yot Central -hish sstasIy ogs' NJ hessf os'r
go The amount u 60 having l~~n = ihis nH~ ~
fupsed pfsans so~sd y 80 "a sAeh 800 shsss
y ics aha schensesy sigs 1gi 80 20 s.ch 400 sfe
a Nohs-b Valley sisa - vhith otiy - toAfsrse
share tssn taN ssigeei v 10 iarhsf paysesi -
ninety dolar nsstiSg sgathes 49, Aeiae'iaT ~ ,u
tsr osut paid "a B0ba.k VALLEY s'oes tro Ne $40 ~
ffeuium. ffoo actit4sus pfruiam. - -hieh 80
IN, tr~pss hos4s. psys,s vIth sisrrs, sssus'
~ sers .sssd Al Z ~ TIA asA sshss->,Ady 49,
properly ronsSrsA ~ nafleas y shs So Yss rsasfa
Rsnr,sa = tLs iim. a ~ Cancellation .pa ~ ssAr
property AMI frsnss .ssb q IN ,srnt.nlet cpsa -.
10 ihs saas tsu ss'4a&a according v "A sgssi
r,svs ,sles gaisuaB' = - ssr-ns a SO 1870 srii.
- III. e0sslssfan agreement ~ st1s n - rsntfsi
= - t.ae K So o0aaAsstsa nalJ rasi ~ nfEatl
atails 1sfp X y tts sbait t9wg*ast 80 1asftt
Is ~ fsr x ~. =. ~ &c f-fsss%s.s E. t fi. 'sfs
s.s' = 80 '.Ad 80 stqifars z. 1907 y 90 hg9 Z