New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-05-16
The business Of the Philadelphia and Reading Rail-
r. A. If A


yssal net prof. for Eve months s+sss7 o5 snla7 81
There having been typographical error in our
stasmsnt Of the April earnings Of the Newfork Gen.
raj Road we reprint them corr ec.ed;
PASSENGER .6s,oB
Freight oc'SoS "a
Sms.. ~
From other Roads,. l51S
Express i,''' -
Total. eiSSs." % -
Arru i"'f'f
Increase In 1856. ~
By notice in the advertising columns, it will be
seen that the Delaware, Lacawanna and Western
Railroad Company will offer for sale at auction on the
4h of June the remainder Of its issue Of $4,000 900
second Mortgage Convertible Bonds, amounting to
s2,2l7, 500. These Bonds mature in 1881, and draw
interest at the rate of per cent per annum pays
bic semi. annually in New-York. They are secured by
mortgage on s entire road and equipment, together
with the valuable coal estates mines and mining ma
cbnery ofthe Company. The road lie lie miles in length
and more than half the distance is graded for double
track and the connections ofthe other roads are now
80 nearly completed that the trains expected to
commence running through to New-York on the 22d
inst
meeting of the stockholders of the Breckenridge
Camel Coal Co. was held at the banking house OF
Jpo. Thompson, May IS, 1856, according to public
notice. ID. X. Martin, esq, was called to the chair
and Hon. G. s. Adams appointed Secretary. The
proceedings of the last meeting of the Board of Direct
ors in reference to the consolidation of the Brecken
ridge Camel Coal Co. and the Breckenridge Coal OIL
Co., were approved and adopted by vote nearly
unanimous These proceedings provide for the con-
soidaon of the two companies per the resolutions
of the Board of Directors, which were as follows:
"A contract for the purchase of the Breckenridge
nz~l - o.A IN
Mr. Pent the counsel of the Coal Co., and read it was
Rored That the same be adopted BY the Board Of Directors
hole Of said Company to be held on the 18th pursu
ance Of notice s required BY the charter Carried unsn
Rored That the stock of the Breckenridge Camel Coal
Co now Represented b certificates Be Converted into transfer
1t generally conceded that this measure will secure
TO the stockholders early dividend. The Oil Co.'S
works erected upon the property of the Coal Co., are
now in full operation, and parties connected with the
Coal Co who have Just returned from Cloverport,
state that the results thus far have exceeded the
largest anticpations Of the Messrs Cairns, who have
built and mansged them. Messrs. Cairns have had
much experience in Scotland in the manufacture OF
Coal Oils, and some specimens Of the product Of the
Breckenridge coal which saw to day indicate that
hs coal has superior in the world for the manufac
ture of lubricatDg and Illuminating oils. The parties
who have been pushing this important enterprise 10
ts present position of success are confident that TINS
coal will eventually when the production is multi
Piled render this country entirely independent of our
whaling feet, and supply every demand for the pur-
poses dicated more cheapy and with better Article
than lie at present used The lubncating oil has been
recently tested on locomotives and rail car wheels,
and found to be better than sperm oil for that purpose
The receipts of the Manhattan Life Insurance Com
pany since the last dividend have been ei03 3s-l00
The amount of security to widows and orphans is
s5,4677l2 The increase in assets for the last four
months has been than $4,000 per month. The
surplus and above its cash capital s2s7 507 o.
The business Of the Clearing House was s27 ,00o
The inquiry for call loans, although active is less
than it was, while the supply has considerably in
creased Borrowers were more easily accommodated
than for several days. But for the unfavorable ru-
mors which reach us from Washington We should
probably have another upward movement in Stocks.
Mr.. Joseph Alsop of this city (Alsop & Chauncey)
has been elected President of the Ohio aud Mississippi
Road, Eastern division The old Board of Directors
has resigned and the road has been taken possession
of by the party of New.Yo capitalists, who have
undertaken to furnish the means to complete it, The
details of the arrangement have heretofore given
1t ID expected that the road will be finished in IL
months.
| Mr.. Superintendent McCallum has published a very
Ingenious and interesting diagram after the manner OF
genealogical tree of the entire personnel of the Erie
Road. 1t shows at glance the occupation of every
employee of the Company, and every ramifcation of
responsibility, from the aborer up to the President.
II must prove curious and instructive study to all
railroad men.
A comparison of the footings of the weekly bank
statement of the Boston banks with those of the state
ment for the previous week exhibits the following
results: