The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-01-10

Ao'oA
Exports III American vessels S66.550
rortign .................. oU,4U
Total exports. .$744 O37
The imports consisted principally of breadstus fish
and wool. The exports of manufactures of wood, urn
ture, &C. iron, manufactured tobacco. During the
last quarter the exports of furniture amounted to $751;
74O considerable quantity is sent away in the white
dealers express -beore being stained. The iron
ports during the time si8 935 in value. Fo
reign vessels do the largest part Of the carrying trade
The Boston journal of the 9th instant says:-
The only change In the Boston stock market during the
last week worthy Of noe the advance in bank shares
has recovered nearly all of the popularity lost by the
break down of the Grocers', and people MT
posed to condemn all bank stock merely because in
the of two happen to prove unsound
Ftchbug Railway has advanced to 5 Providence 65k
and Lowell is scarce 63k dividend off On the other
hand Maine and Worcester have materially declined the
former selling on Saturday at s2 and the latter at a.
The policy withholding dividends for time in order
to of floating debts and place the corporations in
severity the stockholders Of moderate means, who de-
pend upon dividends partially for support is neverthe
less now ecOgnzed as the true principles and whoever
accomplished will find In the Increases market value Of
their stock and in its greater safety and reliability
ample recompense for the vexatious interruption of in
come. Thus observe in the case of the Fitchburg
road, decidedly more confident feeling to its real
value based upon recent statements which shos that at
Providence too although like the Fitchburg dividends
have been withheld for than year. there is marked
improvement for the same reason.
We disposed to give both sides of every question
The annexed communication from stakeholder in tbs
Michigan Central railroad places certain matters before
tie public in a new light. If they derive any
ISOLATION from its statements it will afford plea
1t strikes that the writer does make out
very clear
MICHIGAN CENTRAL RAILROAD.
To THE EDITOR THE HERALD
As stockholder OF the Michigan Genital Railroad
Company have looked the reports of the compa-
ny from time to time they have been issued, and the
last with somewhat of feeling of gratifc alton
fore little staken aback" by the serious way in which
stockhoder in your paper OF to-day asks cert ain
questions, which, if serious shows that instead Of
feeling of qualification in reading the report he is filled
with alsr at not finding that all the immense
i OF the company for the past six months lying
idle ON hand in the shape Of cash. For myself was
q atiGed find that but $685. AL IL thus lying
in bank. But says the startled enquirer how can they
CASH Well let us see: They viii have from 1st Decem-
Der to 21st January, to collect and make available the
earned freight bills &C. of which find charged in
the hands OF the Superintendent on the LIST Decem
Do. do. steamboat agent ....... %, 400 81
DC. DO. local treasury at Detroit. 90, $50 10
Cash in the hands Of the treasurer in Boston So All IL
And we have this sum Of. .sys3, 400 o.
Then on referring to the Ieoort fer June 1855 |
end it stated that the $500 900 advanced to the Illinois
Railroad Company becomes reimbursable in 1856 now,
they will to look to this loan for the Reimbursement
Of ny $50 000 to be in ample funds for this dividend
although much larger instalment of the $500 000
Gertsnd s pay able in 1856. am gratded in thus being
able to cyPher away my rising alarm and trust the
figures will be equally soothing to the anxious enquirer
ANOTHER SfOCkH0LDER.
The Philadelphia Leige gives the annexed information
eatve to the cessary to be taken to
continuous line of railroad from Philadelphia to st.
Lous:-
An effort making 70 form an unbroken railroad
nection from h, city hence St Louis To do this 1t
is to carry completion the pttsourg and
Steubenvile railroad which is forty miles Ia
leDg n. The company itself is in very crippled condi-
ton aDd the next most advisable step to be to
lease this incomplete portion OF the continuous line
parties who will finish and equip it. The party
looked for the accomplishment Of this desired end
the Penns ylvania Railroad Company The city Pitts
burg through It's Councils, has a voice In the business
and hence the discussion OF the matter the
The Union Journal and P0s advocate the adoption of
the proposal and the frs banned paper pu oshes copy
OF the lease which it states is intended to take effect on
the first Of January The substance of the lease may be
franchises privileges real estate, &c leased to John
Edgar Thomson and his associates for twenty years
who agree take the available assets Of the company
and firth the road with ngle track + ON Jones'
Ferry, opposite the city of Pi.tsburg to the Ohio
river, opposite steubenvile, and 20 erect all the
necessary depots and buildings, stations water and
wood houses, sdlpgs switches, and turnouts soon
az practicable; the Whole to be completed under the
OF ection of the chief engineer of the company
vile Railroad Company that should the cost of
the road exceed $500 00 for the payment OF the com
panys debts and complexion Of the roadway 1856 900
10 finish the superstrucure, and $50 900 TO paw one
years. interest the stock of the company the rail-
read corpo alton shall issue is negotiable notes for an
amount sufficient to purchase the necessary rolling
stock and neiive power, to pay the same in cash
After the completion Of the work, the essees are to
have the Of II for nineteen wears retaining ftyve
per cent Of the gross earnings for the working
and a. much may BE- necessary, II that il not
enough remainder going to secure the payment OF
the required to finish the work The railway
parry agrees 70 procure from the city of Ptsburp and
Il county Of Allegheny, the assignment Of their stock
"a the trustees named in the mortgage for the purpose
Of annually during the term Of the lease ele sting AS
PRESIDENT and directors Of the company such persons a.
sha he NJ minsed by those holding majority Of the
mortgage bonds and notes 81 the Company until eesa-
tive authority be procured relieving the essse from
individual liability in operating the road under the lease
IL estimated that the road rs II stands has coat
more than a million Of dollars. and that the assets
az hc company amount 70 $3.50 OoO while 1t vii require