The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-07-23
NEW YORK HERALD, THURSDAY. JULY %. 1857.

and In the boating debt Sncs the opening Of the prsson
hfcal year, requires creator net Income thAa shss 70
csived In 1850 Instead OF s increasc there Is rkoy b
Dea decrease In the nsss she month"; OF the present
dscA gear there has boon decrease In gv receis Of
Sl72,oOo, and Ii Is also well known that the cperaog OK
penses have been increased by the additional line Of ro
put int operation The Wall street rock cpe,ssns ~
tns company are but temporary affair, d the sock OF
any railroad company thai depends up0s h @tinoal
causes Tor market value very re real valde
within Itself With this company utter bsDsruptcy Ia
merely matter Of time OF few months enc bss In
about sixty day the 0aoher dividend the o'o ieorrsd
stock Ia due That stock less, 9. 0oo
The ability OF the company borrow money to pay Us
noant debt 30 poor that three and four gmona
Bpsd In the face Of this fact does not look nsoh
though this company could borrow any money to pay
divide, on t,ock.
The failure oil tho City OF Pittsburg TO meet the intst
upon It's RAILROAD bonds has excited much discussion
financial circles We believe ther has appeared In 20
part OF the difficulty disposition re .udiae The prr
cpa cause of the delinquency part OF tho city is,
believe the wart Of legislative authority 10 raise tao
means by sxAiics. To the rartes holding the unpa!d
coupons the fact tha. the city delinquent sufficient.
They hsse nothing 10 do with the why aud wherefore
The suspicion is en;erN!aed by many that the city pre-
vented privately the Psssage Of the reef laws
What foundation there for this charge docs not sp-
pear 1t is only discredabe disgrscetul, that
city with the wealth OF Fssburg should refao to meet
The obligations incurred In the construction Of railroads
which have pr wed beneficial to her citizens generally
There dou OF the Abisy Of the city Of fsburg to
is indebtedness, and 1t precisely that abty that
makes the preseat delinquency mater Ct much com
paint relation the Liabilities and resources Of the
CITY the PIT sbvTg Post says
Tbi, default on The part OF the railroad comparss
named leaves The city liable TOR the pap ment OF rt5
rest amounting sestoo annusly We may, therefore,
up the liabilities Of the city for tho currcn. year az
follows -
Interest domestic bonds, say........... 800 oco
laterest rail os1 boDds ............. o6rON
Loans due and falling due this year ....... 6b 0H9
Cur eDt expenses OF the municipal government
btiar sum trial Of appropriations aiready maize
fcr tne year DOL. F'siv
Making total of iisofe, for Tn. year ot s2.s $50
From bis subtract loans failing due and railroad
in;ertst, and tie current aDnSa. liabilities Tor
To- hs srni am una e soos nus oe added some
few thousand dollars Ct railroad interest which remains
unpaid som 1866, the exact amount Of which We do ao
To meet obligations the City of Pttsburg
Of revenue rs follows
CITY lax, 1857; sS9osS
Water rents 1857 .......... .............. 61,too
Revenue from whsrves make, houses. dray
licenses, fines and forf,iinrcs AMI all other in
cldenah, estimated NJ. ACKNOWLEDGEMENTS. $500
Making q ,o,. annual revenue of .sis7 s9s
To meet the OF loans aad falling due the bust
tax, which for this year amounts 10 about $500, 1,
specifically set apart O ensiny fund, and tots fund,
when the present years tax Is collected, VIII amount 10
sbout s4S, GOO.
The steamship Arabs, which sned to day :or Liverpool
took out 81 ,e77 Ia specie.
The Niagara Falls Gazette learns tina, the Cauandagua
and Niagara Falls Railroad has been leased for term Of
years by the late purchasers of the Cauaudsgua and H.
mira Rarord. The company is composed principally Of
Rhode Isand capitalists, who reputed 70 be In posses
of ample to place The line In good order, aud
make one OF the best roads IN the country The fare
from Niagara Falls to New York by this route has boon
reduced to S., and 80 to Boston.
The report OF the President or mo North CaroEns Rail
road Company shows Its pr condition. the difficulties
tina. have been and the future prospects OF
the For the fiscal year ending the Both oil June 1884,
the total eanpg from al sources, amount to 49 63
The total expense Of operating, s..... iS' SO %
Leaving balance of net profits Of ,e2a 90
From this will appear that the total disbursements OF
the ear have amounted ST53 23i Al that the total
ceipts from oil arters, including last yers balance have
amounted to s9ibe37 80. On this there was received
from account sale per cent Company bonds sss2,
5as TO- The company have line OF 223 miles man
track and OF ~ miles eide tacktoAl, 2lo mies-lait
with heavy rail- and Of good pattern and quail
", It's wear shows.
The receipts OF the Terre Haute, Alton and 81 Louis
Railroad Company for June, 1857, were;-
Passengers and malls ,sp -
Freight and express. Z,oio oo
r..., seo a2a "a