The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-10-14

The steamship North star this port for Hayre to.
day carried out ISL oe9 ia ,,eee
Tie Assistant Treasurer srports as follows =
Paid on Treasury accoun. ..... S24 6O3 %
Received on Treasury 1876 8O6 q
PiS S Aa.v ,s;:. .t......... ~
Paid on Iisbursing Chccks ............ 80 go 80
Balance credit ali ac,o M - SO 236 o58 Of
The warrants enterei - he treasury Department
Washington, on the llth Instant, follows =
the redemption Of stocss .....SS23 8 90
or the Treasury Depat let............. 3T01O 90
roE me Interior Department IA SO
War warrants received an inferred ......339 6s 90
War repay warrants received and entered 2s77o 80
from from Customs 90
The steamship Northern sht at this port Mica
ragua brings San Francisco dates to the Goth of Septem
ber and s461 900 in gold The receipt of such small
sum by this steamer cannot satisfactorily account
for 1t is to be hoped thai he due by the other
line will bring enough to up the usual aggregate Of
the semi monthly remittance
The TJnne of this morning says
The Albany Argus has half column reply to the
HRAIDs attack upon Central. to which we alluded some
days since but 1t does not appear to meet the II
simply denies the truth Of the statements and attacks
the Herald in turn. Our columns again tender to
any friend Of Central who wishes to reply to the HERALD
at reasonable length.
This is the second time contemporary has called
upon the friends of the Central Railroad COMPANY to
reply to statements relative to the consolidation
scheme, successfully carried out in May, 1858; but
reue the facts and figures presented in such strong
light few days since. We shall dispose of the Argus
at leisure. simple denial of the truth of our
statements is not sufficient for the public mind and the
fact that the Tribune has twice offered the of its
columns without response looks though the company
had no champion. The Tribune has been in the habit
Of putting the Central extravagany that better try
hand in its Defence tina it has been generally
deserted. -
The Boston and Maine Pailroad the only company in
all New England which sustained itself amidst the gen
eral ruin has at last been PEELED give way and ac
knowledge its insolvency There is every be-
ieve that this company had confined itself to its legt
mate business it would la escaped bankruptcy but it
had become entangled in All sorts of alliances
nense losses Of followed The Boston Traveller of
the lst nst gives the following synopsis of the report
made by the committee appointed to investigate the CON-
pany's fnances:-
The committee begin by reference to the heavy ex-
penses Of the road for the year which they
the cost Of horse power in reaching the depot the Of
the nsnyers Railroad, charge; advance in the
price of wood and also in the price Of labor The average
cost per mile appears to have advanced between and
cost So 900 than last year. They then devote
particular scrutiny to the always unpleasant crcum-
81 ovicends, and find That ns system has been followed
since 1854 the two last d dends having been thus paid
which have been mads the Georgetown and Dam
YES read. That company bad imported their iron,
anaI h pny ~ IT. ane Boso nen ana Maine
seQuently advanced prepayment of rent until 1862
The necessities Of the Itanyers road compelled ad
and the spring series of bonds Sl25 900 at six
re- cent were issued by The D,nvers, under the autho
ry OF The new lease and guaranteed principal and nte
cover why the assets Of he had not been converted
to the purpose offuishing funds or these advances
the lanvers line instead diverng current receipts
that purpose, waen the astonishing fact revealed
that 1882 9s3 of notes evbe overdue and dshon
some OF the suretes endeavong to compromise thcir
labiiti From present appearances unless the drec
their presen: state it viii be again necessary borrow
to, the payment in part Of Tie January dividend.
means for meeting the January payment of dividend.
he esiim@ted there would be on hand at that time be-
lecons from assets, 81 00c of balances due other
roads s25 coo; less expended bridge and pill
ing (new and estimated AT SIG 000 making S1l0 900
$23i7l From this it will how difficult it is to
escape from the contnl ali N Of floating debt when it
i perm tted to enter into the system of railroad The
earnings Of the road good footing heretofore;
,ne 'or me mex tse mouths are iar and we
shall consider work Of he highest energy to pay the
paid without for the thi.d time borrowing money for
the purpose.
The committee speak the prospective liabilities
Of the CO. poratien and And the following to EXIST
Sloo coo state Loan due Aug 1851 Not provided for
o SSS S sns ths loan due As S lsSg 10 ls
amount.
10000 due Bartlett Minot, litigation connected with
1881 claimed by Mr.. Hazen Of Andover who has re-
covered judgment, eviciing from several |
hundred yards Of track, and who demands |
that sum for his land GO or more acres), which |
mnst be paid, or we change the road, unless the
legislature relieve against it.
estimated by Mr.. Minot.
1900 per annum Danvers' lease less the amount
OF interest on the bonds we shall retain COLA |
tera.
ooo anteed bonds due twenty years as above
less those we shall retain collateral estimated |
about S50, OO0-interest contingent on Passumpsic
preferred stock, a. per agreement
1000 claim of Great Falls Manufacturing Comnany
5000 estimated year on Northern, according to un
derstanc ing, until certain results arrive.
Al 500 proposedto be expended freight house.
and the 70, 600 feet of land in progress ofreclama
Unconstitutional to $4,000 estimated by Urea
These are not Immediately pressing, but all in
condition to command financial attention, and have the
means OF their liquidation foreseen, and TO extent
secured
one hundred and twenty six thousand dollars Of the
no, be applied to this Of the items, si7ei7 IS and
81 2 % Of that account all but fourteen or fifteen
800 at least permanently upso far az pre-
sent purposes concened-in the Danvc railroad and
that The claim asans the cosneeo r ,ss%
under protest. and disputed by set offs.
by one page Of the appendix to BE- SHOWN
Speaking Of the Danvers, Georgetown and Danvers and
gret that rivalry in business between the Eastern and
the Boston and Maine SHOULD have led these corpo
fauous into the policy Of building sustaining roads
from one line to the other whose legitimate business
, inaccurate TO their support and which could only
onenpie OF valuable by diverting tramc from
ne oner great road leading to Boston, The expenditure
~ "a creating these Of reciprocal annoyance
ouns 70 over - 500 600 large portion Of which has
IRON the treasures Of the two roads, Not only
.nls eapna Se considered absolutely sunk, but the
leases ken ~ the respective trunk roads copel them
10 the OF continued onerous duty OF run
ming such roads at an annual loss Of which we cannot
see the end. '" We e"nuos
On the hast great loan to the Danvers road the commit
tee say that, viewed Simply A. business trpnsaction
they nothing cemmendahe in the terms ~ ~ '
and guarantee, but say the directors justify Il nv mr
lection OF the Haverh and Bradford business from h;
tapped and the necessity Of counter assault on ne
Eastern.
An investigation into the freight department shows
that during the past year 242 l61 hauled far
s2s1 0s5equvaent TO $50 045 tons hauled mile al
2ol0o per mile. BY the special contracts with manu-.
featuring corporations merchandse-epecially iron and
cos-ae carried at very low prices, and the committee
recommend advance
The ,f .r;,,