The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-05-16

The Secretary of the Treasury has just completed his
report the subject Of banks and banking contAna
returns from s9S bar ks and branches up January
1885, with reported capital of $343 s74 22-showing
increase during the year. Of ninety in the number OF
banks and branches and of Sill os4 tho amount Of
capital paid The specie has been increased between vs
and six Millions from $50 9 $40 to $50 $685. and
their circulation between eight nine millions from.
S1S6, 952, 223 to $780,, 747,950.
The great increase Of capital has been in the Eastern
and middle States and of specie and circulation In the
Southern and Southwestern States In the Eastern and
Western States the circulation has been reduced.
The amount OF capital invested in private banks and
brokerage amounts to S125, 0o00 of which amount
Boston has $40 COO 600; NewYork SAL and Phil
adephia S25, 600 000.
The whole value Of the property Of the United States
is estimated at Sill a1 ollo2 and the present popula
ton ct ~, 96s ,312.
The captsi ployed in chartered banks 1887 Was
$500 tOO The combined capital at present is
s46O 600, and proves that banking is avorite
well profitable business, and does not neei char.
tered privileges to generate protectit..
The Hartford Times of the 14th ins contains the fol-
lowing sensible article Western Railroad management
and calls upon the Eastern stockholders take more
active part in all elections for officers. This is the only
way to remedy the evil which is daily becoming greater
seps not taken put stop to the present
Western States, The stocks, investments viii In
very remote period be better than the railroads Of
New Epgland:--
WEsTIRN RAILROAD MANAGEMENT.
The receipts Of few Ct the Western railroads show q
slight increase those Of last year The increase is
not large owing the fact that the low prices Of gram
thus tar this season, caused the farmers keep
back their produce from market But the quantity re-
nanirg over from last years. crop s very great ana
must come forward TO market later the
The crop Of Ilin twice heavy that
of ia If hanh
brought into Chicago.
The fiscal year OF the Gslsna and Chicago Railroad
closed the LIST OF May Its total receipts for the
erdipg sy J. 1885, have been 81 317 600. Allowing 40
per cent for operating its net profits have BEEN
liz boneed debt s175 co., and there remains 200
for profit rather more than rs per cent profit
il, capital stoek-a result about twice Is profitable ss
The cvide paid has been 20 Per cent 10 in cash and
IL in stock Al the LAST annual meeting the directors
authorized to Issue GOO OF second mortgage
bones TO complete the Fulton line. Instead Of selling
Il bends for that purpo,e they sold only $4,000
tIetence that they would not command good price,
snd without authority from the stockhoders seized
applied 81 200 600 Of the net profits to the cope-
lion Of the Futon Ane 1t in consequences Of this un-
horned diversion of their profits that IL per cent Of
the dividend made in STOCK instead of cash. The conse
quepce OF this piece OF folly and msmana gemen. WAS Q
cad Ices to the ders of at least O00 on their
property, the difference between $50 and ITO per
fhart-fortt requires argument to show that ROAD
fairly earning and paying dvidends of % per cent in
cnsb would ready command $3.50 for its shares These
men clam 10 have sa7ed drops at the spgo but they
Rave cepe 40 by wasting hogsbeads at the bunghole.
While ssnding out for per cent for their
bcnca, their policy struck down the Of the
shares at e 40 per cent for the that stock d.
vctr de- generally held TO be vaueess merely dlung
the previous issues. The public justly regard them with
utter cttIust
Not content with this piece of folly, the dresors Ia
December last, issued circular stating thst he net
prof over cent per annum Ia cash, which may
be uted fer the completion CT Inc roads, will be divided In
Stock That Is to say these cnolly announce 10
their Eastern stockholders that whatever be their
nings they shall receive only 10 cent OF tnsm anc
the ahall he withheld and confscsted Tor as we
have eady shown further stock dividends on this road
are Of value and virtus y coo6scafiop OF the
proHe r. the profits 70 cent the directors pro.
mife to conHscate is. AS II to make the folly and