The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-12-27

ny an Advertisement in another column the Secretary
OF the Ga.eGs and Chicago Railroad notifies EAs.stn
shareholders that the january payment the
stock may be made TO Messrs strachan Scott S, WI
liam street.
Albert a. Nicoiay's regular scmi-veely auction sale
Of stocks and bonds viii take plscs morrow (rhu-s
day., at l23S O'Clock, at the Merchants' Exchange
The Emgrsnts industrial Savings Bank has declared
semi annual dividend at the rate OF six per per
annum on all of five hundred dollars aud under
and at the rate Of Eve per cent all larger sums pay
able on the 21st Of January.
Since the publication Of notice Of the Park Bank
few days ago, which learn il to be located the
side of the Park have been iadu .ed to
servsons to the need Of another bank and the result
give readers, which think proves conciusivsly
the wisdom and foresight d the directors OF that nstitn
ton in thus locating. The principal business of city
Is done the side OF the town. east OF
and IT only within very few years that any consders
BILE amount OF business has been done in that portion a
the city lying below Chambers street and OF Broad
way As 1t ia, taking the territory comprised between
Chambers and Dey streets and west of Broadway viii
&c found that large portion is yet devoted 70 private
dwellings, boarding houses 40 &C., aui with the exoep
ticn o! few blocks Broadway filed with
dry goods jobbers, the trade IL generally of
retail character and comparatively light while on tas
other hand that portion Of the city lying Of Broad
wpy, and between John aud Chambers streets Is gen,
graphically larger, comprising much space, and il
filled nearly solid with heavy business houses t, the
tsst river, including within its lims almost whole DO
psrmeos Of trade such heavy shipping houses
y all the large importers OF ron STEEL tin and hardware
oil the pape commission warehouses; the entire leather
interests dealers in stoves and castings heavy storage
houses nearly all the principal newspaper establish
ments and most of the large printing and publishing
houses, end it may be stated, without the fear of
successful contradiction, that there is at least
four times the amount OF business done the
side, within the territory named, than on
the west side. Now how do matters stand az to
banking facilities either side within the two distri,
named: To answer that query win give list Of the
BANKS with their aggregate capitals The ON the
west side Of Broadway bounded by Chambers AID Dey
streets, the Merchants Exchange Bank North River
Bank, New Yck Exchange Bsnk, Ocean Bank, Irving
Bank, Grocers' Bank, Broadway Back, Impor tes'
risiers Bank, Chemical Bank and the shoe and
Leather Bank The backs The east side of oadway
between Chambers and iona streets, the Mercantile
Bank, Seventh Ward Bank, Fulton Bank Market Bank
Nassau Bank and the Chatham Bank. Thus sho wing
ten banks the SIDE with aggregate capital of
SIX millions o1e hundred and fifteen thousand dollars
egeinst banks The east slice, with aggregate
capital OF but three millions hundred thousand
dollars.
The following communication relative to the earnings
and dividends Of the Reading Railroad Company may be
interesting to the Stockholders
TO TIE EDITOR HERALD.
In your remarks Tuesday morning. in reference to
tho dividend the Reading Railroad, you make five per
cent In cash ana TOUR Per cen IN stok winch tno Dears
very adroitly aplropristing to their own by
the charter the managers have no to issue stock
wi huut the consent Of the stockholders and the
only portion Of The forthcoming dividend stock viii be
proc eds OF s18o, Goethe amount Of the sinking
tund--in the purchase of certain loan, which on
So 700 600 stock cannot exceed cent to which
it i possible they may take from the earnings the
s10 ordered by the stockholders for tie purchase
ths Willow Street Railroad, and with the earu igs Of the
s5kipg fund.- diyice it in scck-in that event the por
tou divided may h two centdepending however,
tho price ut which the loan may be purchased The
potion however whatever 1t may DO, cannot be added
10 the capital cost Of the road oil the Liabilities,
including the ho,tng debt and the Willow sheet road,
included in The Sl8 e4 ia 64 given in the report
for 1854 The ndiion of this company is theretorc
Ioet... "