New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-02-01

7
complied to open iis books.
The steamer from Bostoa today took out ara 37S
in Specie
The business st the Clearinghouse to day was
SIS. 1873 l05
Mr. Senator Brooks proposes 70 remove the Bank
ire Department from Albany 70 this City.
Messs H,sgerty held yesterday one OF the first
Dry Goods Gales Of the season. The c,'alogus con-
tanned 10 cases Lodi Lawns, which, to large con-
pany, sold st 4 G9c., abou; 20 cent. below last
years prices, and showing considerable los to the
Manufacturer To Day there was sale Of NsacAes-
ter Lawns, with about the same res alt.
lie aggregate deposits in ne San Francisco Mint,
up to 3lst Dec. were in round numbers slo Ooo
We graiihed to learn that tie prospects are very
favorable for an early resumption Of payment on the
part Of Messrs Page s. Bacon, of st. Louis. Tue
late steamers are understood to have brought con.
siderable remit.nces from Page, Bacon Co., for the
account Of the ST. Louis house aud the friends OF thA
house here have combined to make Il saaiciensoaa
TO enable it to reeume payment ON sh It's obligations
or this fund very considerable amount hiss already
beer pledged, with every prospect OF makiag ~ tho
remainder.
AT the meeting Of the Harlem Railroad Stockhold-
ers q, Tsmany Hall last August, the Directors wcre
instructed 10 make full report Of the conditions Of
that concern, or before the lst February. Thb
has been DONE and copy is before The report it
is stated is the work OF Mr. Nicholas Dean the Pres
ident
The Board have been unable to obtain from tbs
assignees Of Robert Schuyler any statement Of the
como tion OF his accounts With the arem Company.
and rothing more is known in regard 10 il than
known in August. The capital and deb, Of the Com
parry il stated at So 2i3 6i5, Of which 81 sl6 $50 u
old stock. sl,SOOOOO preferred stock, sa,rit.-
2ol il bonded debt, and ssl3, 500 floating debt
The cost of the road and equipment has been
IS, l97. 3ss 60. The difference is made up of tho
fraudulent stock 5000 90. Iron on hand sso7, $780,
Interest, discounts, &c, paid in seventeen years,
81, 80 1852. There remains TO be charged to capital
s39l. 500, outstanding Albany certificates and
sl3SlOi for work needed on the road. The csti-
mate for the final capital aud debt is $4,000, 900.
The assets for funding the floating debt and con-
pleting the Improvement of the road are $685., 900
lst Mortgage Bonds, and 100000 I'd Mortgage
Bonds, which, at 80 and IS, will yield 81 900, 400.
| The iron alluded to above is enoined by MessrS.
Dennistoun, Wood & Co., and Charles Illus, Mr..
|
Company in payment, AID given the notes Of hs
house to the above named gentlemen in payment,
some Of which notes are unpaid Inc report states that
there are st some unsettled claims for right OF way.
especially on the Albany Extension. Tho road bed,
supetrucure, equipsge, &C., are sated to be in GOOD
oreer No person has been killed on this road during
the year ending 3Oth September last. Tho receipA
Of the road for the year probably ending Goth No
yember last we're;
ACKNOWLEDGEMENTS W obO
,........''''.''''''''''''''.'' ' 81 ns =
Miscellaneous .......'.....'''''''''''' o'"S -
Tosl.."................'... tJo"l w
while the payments for transportation expenses.
interest and dividends were 81, l7i,7Oi ST. showing
deficiency Of $3.50 $40, or In other words, Of the
sIo2 Sal paid in dividends during the year, only sll.
os6 20 was actually earned. These figures do not
agree with the above deficiency, but the difference b
made up Of s51 $50, suppressed by Schuyler during
the previous year. Mr.. Dean saws;
Inquiries have satisfied the writer that the divi-
bends heretofore declared upon the old stock have
seldom if in any instapce, been truly earned; they
we're the result Of simulated statements and exagger-
ated estmstes. These dividends, in the aggregate.
since February, 1850, inclusive, anouni 70 eylo Dii
ard this sum il now represented in the funded and
floating debt X is notorious that az no u ne WHOM
dividend hss been declared wss the money IN the
| treasury with which to pay IL; each Sc nj annual
| period put the company ~ vo''s
ard if The frauds Of the late Secretary had not been
perpeset and everything eft to move Ia the oes'en
| Track, the Company could not have gons on for
| loDg period before its increasing emoirra.s nents
would have forced minute and pains taking inve,ti-
cations and the facts above indicate have been dis
| clol ed
The Report then goes into defense Of the Board
from charges of neglect Of duty in not preventing the
frauds of Schuyler and Kyle, to which the s.ockhold-
bolders win give due weight. The report states that
the haulage Of the New-Haven cars has, from tho
commencement, been done at a loss. The required
years notice Of discontnuance Of this service Wa
given in October The use Of the road by tho Third
av. Company is also considered to BIO below the just
rate of remuneration. new negotiation Ia now 60
ing on The daily service of the road has been do
creased 4si miles and the monthly payrob cut down
$4,000. The com mutation system Is pronounced de-
suctiye to the interests Of the road and the system
NUT be abolished or the annual charge increased.
The estimate Of the business of the Eft ,en mon :hs
FTn,rses as b ACKNOWLEDGEMENTS. $4,000
Net profit: ''''''''''' ''''':.:;; ;co s'S""
Deduct interest............ ........sSZOiO
To retire Kyle stoek...... .......... 600
Eight p cent on Preferred Stock. $4,000
- S70@
Surpius. po''"V
This surplus is scarcely sufficient to pay the third
dividend Of p cent. on the Preferred Stock, which
would then be due. The following year, 1t is csd-
mated. will yield "a cent on the old Stock. The
Renor+ close With the folloging recommend atom and