The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-02-26

The deposits and coinage at the New Orleans Mint
for January. 1856, were as folows:- >
Gold deposits
California geld S37 685 %
Gold from other Observation-Disclosures. 2,7l %
Total gold deposits. .$39 s5s 90
Silver parted from cali'Ornis gold s222 u
From osher sources. ............73s,55 $50 %
Total stver deposits NEUTRALITY-SUSPICIOUS.. 7se,777 10
Total gold and silver depe sits 7s4 AZ
Silver coinage
100 COO BAN dollars Observation-Disclosures $40, 900
6OO, OCO half dimes ACKNOWLEDGEMENTS. 1000
The following extracts from the European Circu.
lar of DeCoppet Il Co., prepared for transmission
by the steamship Canada, gives q review of our
stock market for the past week.
New YoRx, Fe, 2, 1885,
Since advces Of the 10Th inst there hiss BEEN no
prominent feature in our stock market to notcs. The
principal railroad stocks have in measure subsided;
operations have been less imp sant AMI fluctuations
ssvs IN d sss SR ana may Be
more decided abundance of money showa in the market
begins to produce some effect some of the city bonds
and other investment Stocks they generally held
frner ct advanced prices 10 many instances The
unessmsss svnced in Eng ana according 70 the advces
OF the 9th nst in regard the unsatisfactory cDnd
ton of the pending questions between that country aui
the United States, has produced particular effect
In STATE STOCKS TIE business has bean limited to small
sales Of Virginia per cents Missouri per cents, Of
Csnornia per cents ana Indiana per cents, vita
| G1T AND COUNTY BoNDs-rhe only transacH9nsQ any
ported rates There 10 ais, fai demand tor Fran
cisco 10 CENTS 10 per cents and M!wau
| HE per cents, at higher ra.es.
railroad BoNDs.-The transactions Of the Board have
been without animation and with but siy
We oote moderate sales Of illinois Central Construction
and Free,ands also Of New York Central 6s and Ia At
private sale there hiss been but little movement; We
krow Of no transactions worthy Of special mention.
FAhaoAD STOCKS have remannad generally pre- y active
dasiDg the week and transs toas in Eie and In eve
land and Toledo have been consderabe tbs last nausi
lave declined per cent the former per cent The
business in Gaena and Chicago Reading New York Cen
trail, Michigan Southern, and Cleveland and Pittsburg,
have been more medsrae The two last have declined
to per cent, the two first have what advanced
Daring the week there have been sales OF Harlem
Prefer! from IS co. this considerable ss the prices
negotiation Of the I'd bonds Of the compay and
also of the reforms in operating the road which to
open q fatrer prospect for future results.
Exchanges Europe are not abundant and rates con-
tnre 70 hook up Principal sales on London. 100 1osX
| Paris, 6iSA $40.
| We have alluded several times recently to the
want Of business tact and knowledge the part of
the managers of the Galena and Chicago Railroad.
Every stakeholder iu this part Of the country has
felt the truth Of remarks and we have no doubt
| strong movement will be made at the next cleo
ton to make important changes in the board OF
/
and Encouragement of the business Of the Galena
and Chicago railroad is the fact that the officers
the company are engaged in several other railroads
| in that region, and cannot devote the proper time
and attention to the affairs of the Galena line An.
other cause, undoubtedly, is the want Of sufficient
talent to comprehend the duties of their position. It
appears to that the Galena and Chicago Railroad
Company can afford to have set of officers exclu-
| 90, ia
there are men enough in Chicago much more capa-
BILE Of administering its affairs than those now in
Office and it is also our impression that the compa-
ny afford to pay them salaries sufficient to COM
pensate them for their full time and undivided
energies. The Hartford Times Of the Esd inst, con-
tains an article on this subject which we give at
length that stockholders in all parts of the country
may see what those most intimately acquainted with
railroad matters say about the management of the
affairs Of the Galena and Chicago Railroad Com
pany:-
! RAILROAD MIsMASAG.MEyT
good eesl Of complaint has been recently made that
the dividends Of railroads have fallen short Just
expectations Of their stockholders It il claimed no.
without touncatou, that class thsy receive
smaller return from their investments any other in
the community part OF This unfortunate result Is
doubt due to excessive competition othsr CAUSES
which admit Of remedy; bat another and largo poc-
tion OF arises from bao management, which does ad
| init Of q REMEDY.
The Tribune and some other New York papers ara te-
queny repeating the remark that the Gale chi
csgo Railroad Ia earning twice large
its capital rs the Hartford and New Hsvea while its
stock is selling for considerably less The vary
easily given. 1t is that the Hsrttord and New Haven
road Is msnsged with far greater ability aud judgme at
than this western road Whatever it earns whether
holders IN cash. and the public very wisely prefer in
vestment where they feel sase of reccivios the
which, protesting to t.i,e as much, withaoIds
| large part OF IL on some flmsy pretext or othsr,
fairly earned thirty per cent its capltalnot A. as
sone OF the papers have statedbut paid its stock a0d
ers only ten per cent in the balance of the income
being seized and diverted to the building Of road
stead o! making OF its bonds which were issue for
that purpofe II 20 per sd paid cash.
the stocA would now have been much higher than any
other In the market Stock dividends very doubt
| fui value under any ciroum stances.
In pursuance OF the same false policy the directors of
hs read lately issued circular to their Eastern
stockholders, which IL masterpiece of folly aud impu-
denss While declaring that the earnings win continue
on the same enormous SCALE IL says, the amount OF
earnings and dividends ten per in cash.
will be divided to the ockhoders annually in the stock OF
the company" Now. he constructions account Of his road
has ee closed BY the completion OF its air line to the Mis-
srsippi river The directors Of the road therefore,
itfrdicns to that effect from the stsckhoders They
su and ns res
earDirg 80 per cent but 10 per cent cash is much
as you .han get ont Of it," The compact msde with
scrpton s that they shal receive, part, but The
'rhoe Of its fair profits any further expenditure Is
needed for the completion Of tbs Galena line beyond all
question 1t should be betrayed by sale Of the bonds
which we're issued fer that special purpose and which is
Infinitely the most economical policy for the road becaue
while only cent interest paid bonds applied to
construction, the interest every issue Of stock ap
piled to the purpose s in this Gaze from rs to 80
per cent II road Is earning 20 or 80 per c,nt, IL
great gain TO be able to obtain money a. par
cent in preference to issuing stock which 20
/ 90 per cent must be paid.
In 1854 this road earned 81 900 per mile on 1856
miles 600 Of road; in 1885 it earned, $4,000 per mile
ON go miles OF road much per mile the
most profitable Of tho Eastern roads earn dou-
BILE the cost. This OF earnings per mile In
| single year, on 30 large addition Of road, is
entirely without parallel Owing to Its very high rates
transportation its running expenses are not half as
great per centage of Its gross receipts as on the best Of
the Eastern roads, and claimed by its managers not
to exceed thirty per cent The crops of
and wheat make largo increase OF receipts this year alb