The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-10-27

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II WIN be observed that the deficit, compared w'a
last year, . rapidly declining, and will doubtless
overcome entirely unless navigation should be cloec
very carly The IeDth region has sent 10 market
~ 20 20 tens this year than last and the SchuS
kili region is only some one hundred and twenty tho
sand tore behindhand. With continuance OF tho &C
why that lhai now prevails a the lines We have
doub, That the field Of coal In 1850 win cxcoed that
1884, In spite OF the various embarra ssmcnts OF the
Part OF Il 9 season.
We have been made acquainted with the facts rcgard
ing the suspension Of Theodore Perry, Esq, which
urey dsproves the assertion made by the Ercss in
gard 10 IT, hr Perry has been long known 'ChAagc
AUD has always occupied the highest character for inss
riy and fair dealing, which opinion has not be-
changed by his pse,cnt las beicved) Temporary
barrassmept AS proof OF this the very merchants
whom he s Indebted came forward Saturday an
bore testimony to his honorable dealing, and express
their continued confidence In his integrity Mr., Perry
some one or two years since quite successful W
making money, in fair and honorable manner, In ~.
PORK trade from which he afterwards partially retired
and reccnily shipped breadsuiis TO Europe, WHICH
also raid. His trouble grew GU. Of Western
oeptances, and the day he failed he eyptc
ed TO receive dram for large amor
from The West which old rot come TO hand u
bad in bis drawer checss loaned him by friends
large sums, which, however, failed 70 cover hi, bill
payable Tor that day by some $4,000 When he ioeuu
by the failure Of the remittance from the West tna h.
could not by their aid make good his liabilities for In
day he returned the drains the friends who had oapc
them lilo also returned 70 the sellers 90, 900
Of -four he had purchased suppospg all would be rgbt
when be opened has store IN the morning he commence
drawing some checks. expecting with the borrosci
checks and the draft due from the West TO make his
CONT good before three O'Clock. Il recoary, for nesr
sioO,coc, when be only had Tor the whole day sbouf
se0,tOO To ray. lew merchants have ever suspend .
who have received general sympathy and unshaseo
ccnGGenco than Theodore rry, whoe industrious habit
plain aud upcstenatous mode Of living and uprigh,
duct bsre always secured him large circle Of friends
Two u the prominent railroads Of this coaniry--tIc
Baltimore and and the New York sad Ire-prsses,
at toe present day they teir past history,
features Of striking similarity. 10Th commenced years
ago with moderate capitals regular dividends tho usus
aousshas prospects, and confident predictions OF ncreas
ed prohts TO the stockholders Halt Dozen naes the
capitals Pave been Gxed sn5 the stockholders sseurcd
that million two should be the utmox cxteui,
and a. oen ibcsc limits upon pre,ex and another
have been overrun The area established Tow mil
lions beyond Who OF the original subscribers would
have dreamed tha, The capital Of the Baltimore and Ohio
would at this day have 10 SO coo o0 the Erie
to $4,000 ocoS Dot. 10 pursue the carlson: Both
roads few years since ceUed paying dividends Each
claimed large and raj idly increasing earnings but
the managers found impossible 10 borrow money
without pedsiDg al their surplus each TO sinking funds
Il argued that " the net earnings 20 better the
property II just well In the end This reasoning
however, was no. apparently satisfactory. The stock
holders either believed the rre,ence Of net earnings
humorg elsc they preferred TO the money. The
stocks OF both companies RAPIDLY deprecated Market
value until they we're near going out Of sight. Bond
hole became alarmed and II not until recently that
a device has been Int upon-a new kindergarten
coad restore the stocks 10 their former popularity
Tho Baltimore and ohio have conceived tue capital
Eca o. summing up all tho pretended earnings Of the
la,s Soar i've !cars-some % 800 oocand paying /,
over to the stockholders. They don't exactly pay the
DcHey. On, moi That would I've slightly ncoavcn,ent
They pay Mcawter paid Iradday, ny gvn "a note Of
hand" but verse han poavbcr the notes are aqans,
ihsmselves. They are against nobody, payable BY no
body endorsed nor guaranteed by nobody except tho
stockholders themselves. One would suppaee ta. tue
members Of urn issuing ts notes AMI distributing
them among themselves about the most absurd ~ay
10 at fltt TIA; cos1 be well teyised prcsoly tho