The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-01-07

Enterprise and extrsvagancs, and the European
is probably god any other. II will do US more good
than harm.
1t Is reported that tho Pacific Mail Steamship Company
and tho Nicaragua Transit Company have amagamated,
and will hereafter In conjunction both oceans.
This not true Nothing of the kind has been me,
and nothing of the kind Il in contemplation. Mr.. Van
deblt has been appointed agent Of the Ncaragua Tran
Fit Company and he win hereafter manage the line Of
steamers on this side 1t fortunate for the company
that Mr. Vanderbilt willing 10 resume his old posi-
ion for just at the time of his appointment the
was much embarrassed by pressing demands ami
thing but the Commodores tact and ability saved it from
serious difficulties 1t appears that about the time of the
resignation of Mr. Morgan, agent claims amounting to
about $40 COO pressed eagerly payment At the
sane time large quantities of at ck pressed upon
the market for SALE The object evidently embsr
ass the company and the value of its
stock In its extremity, a.ca made upon Mr.. Van
eerbt and he promptly responded But for his aid the
object the outside parties had in viex would doubtless
have been accomplished, and the company have been
compelled perhaps, to submit to serious sacrifices We
are in favor Of fair fght and frequently like to be
counted in, but we decidedly opposed to hostilies
when carried upon the guerrilla system. It not
very shrewd stroke Of financial policy, in leaving sink
ing concern to give kick by flooding the market with
its stock for thus far has been successful As that
spre.y generally considered the point think those
Immediately concerned will agree with US, that hopes
entertained that under Commodore vanderbts admin
stration the affairs of the Company will improve and
its stock become profitable investment tn IN 1t
been since his retirement We the entire concern
remodeed We do not want any s. 900 presidents with
duties to perform. We want ,tive intelligent pru.
dent business men, and OF them than Is actually
required The stockholders should at give the
tn lear tha akahl and
make thorough sweep of al drones, whose principal
duty appears to be to cali regularly for their salaries An
advance in the market value Of the STOCK however
Portable it may be for speculaors will not
responding Improvement in the actual value of the pro-
perty. 1t requires judicous management economy in.
dustry energy &C., and the Company is pretty we'll
provided with all the necessary elements Comm ,dore
Vanderbilt and Joseph L. White, Let the stockholders
wait patiently for tlme and what has been gained
by change in administration.
The earnings, expenditures, &C., of the Old Colony aud
Fall River Railroad Company during the fiscal year just
closed weI 0 as follows
From during the year s41s e3l 40
From freight 234, 567 83
Total. $685., 400 SO
Expenses including interest. -. ........ 377,l33 90
Net earnings. .$276, 1856 10
which, a capital of So, O15 100 is over per cent
The debt, bonds and floating, is 1922 ESQ., which is
duc.ion that of 1854 of e5 there has been
paid part for wharf in South Boston,
for the Of the road ,458 75 Beside which, the
money which borrowed to pay the dividend for Jam
pay 1855, has been all paid and the company will nav
the present January dividend without borrowing a"llar
The anthracite coal trade is pretty much confined
to Ieail demand, which is very light Tae tonnage by
the Reading Railroad during holiday week light
There brought down. for the week ending Thurs
day, the Sd int only 7777 tons, making 10S 1872 tons
from the first of the fiscal year, against O94 tons to
the same tine last year.
Albert H. Nicoays regular semi weekly sale of stocks
and bonds will take place Monday next, at 12K
O'Clock, at the Merchants Exchange.
William J. Bell Co., No. IA Wall street. have under
taken pay the interest coupons the bonds of the
city of Milwaukee, issued to the Milwaukee and Horizon
Railroad Company.
The annual statement of the Newark banks exhibits
the following movement in the leading departments
BANKS OF NEWARK N j.