The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-16

shows TIA, the net jut about enough ray
operating expenses and keep up construction
This Is just what We have always said about this
pany The roai just about takes care OF itself ard every
dollar OF dividend paid is borrowed. All the ba,ancc
sheets all the income accounts al the items OF future
earnings all the mode OF surplus accounts al the art Of
bookkeeping and coctorng figures cannot ror
do anything with these facts This brings the company
finances from the consolidation down 70 tho Goth of Sep
tember 1856 The last annual report for year ending
Sept 80 1851 Just out We shall OF these days
analyze it and incorporate the results with
tnose LOT the previous three years. The
whole matter, financially, is contained in nut
shell. The New York Central Railroad Company always
has borrowed its dividends and always must Tais ls
clear enough to our mind and the public begin to think
too There are reports from the other siJe tina, large
subscriptions have been made to tho loan Of tho
Erie Railroad Company. This wants confirmation, but If
the account stated Is correct, will suffice relieve
the company for any length or time. The imitation in
Michigan Southern old preferred stock Is Of the
most speculative movements OF the day il al sytiG.
ciaa fictitious Holders OF the preferred OF the
Michigan Southern Railroad Company say that the per
cent dividend GUARANTEED and that all become
floating debt Of the company. This question will proba
bly, be left for adjustment BY legal tribunal There
are many strong arguments in favor Of such aim The
ten per cent dividend Is guaranteed and 60 the cc,t,
Gates read Reading continues active, without much 10
provement At thu second board the market was weak
for some stocks Erie fell of x per cent La Crosse aud
Milwaukee, ~ Pacific Steamship Company, Il; Cumber-
land Coal, a. Speculation Is confined very few bro
kers Outsiders look with Indifference and cannot be
induced to touch railroad any price In this they
Leave railroad stocks TO Wall street specu
iators.
The Assistant Treasurer reports to- day follows
Iota receipts. oO2 10
o'a, pay inch6 .'.'....... oooss ~
iotai ea'ahee. ZOO ZOO 20
The receipts include $50 900 from The Star cf
the West appears, brought treasury drafts-at al
events have Yet been presented This
the increase in the specie remittance from San Francisco
The steamers usually bring drafts the Assistant Trea
Of this port to the amount % two and three huaed
thousand dollars.
The paragraph in this mornings paper relative to the
suspension of operations the part OF the Honduras
Railroad Company, was simply misconception the
part of the individual from whom the cuanatcd
The company have never been engaged in any other
operations than in surveying, and they going
usual is expected that the engineers will complete their
report by the lst of February next when the company
will 60 on, if deemed advisable and feasible.
The Union Bank has declared seni nual dividend or
four per cent, leaving surplus Of s260,00O.
The Fulton Bank has declared mannua dividend Of
five per cent, payable on the Cd Of January
The Phnlipsburg Bank at Philtpsburg, N. j., having
resumed specie pas mens, its bills of all denominations
redeemed, heretofore the Bank Of the Common
wealth.
The Honesdae Bank has resumed specie payments.
The exchanges at the Bank Clearing House day
sl2 Oea 300 a. and the balances paid amounted sI4S
1890.
The Boston and Lowell Railroad Company have declared
LIST of January
Messrs. MolIer RierA will pay at their Office No IS
South stre the 2sh nst the interest due that day
s3 500 Of the bonds Of the Spanish Gas Light Company Of
Havana
The Cunard steamer, from Boston to Liverpool 10
Wednesday,, will take out upwards Of half million
in specie. There has been active business in sterling
exchange for this packet The best drawers asking
e4a9k per cent on London, and on Paris ST. rs a
ST. l7H
Canal navigation in the State of New York closes 10
Nearly quite ali the boats have got through
The weather is mild that lake navigation still
tnuee
The value of merchandise wsrehoused in Boston for the
Week ending Dec. IL o. follows
Dry goods 6os 500
All other merc nandise 393, 400
Total s74
Dry goods, none.
All other merchandise. ACKNOWLEDGEMENTS. AT
Total value $ses, sel
The report Of the President and directors of the Cen
trail Railroad and Banking Company of Georgia, for the
past year states that the earnings Of the road for the
gear have been 81 l2s 3oa l6 the ordinary roa
expenses have been $3.50 334 63 leaving net OF
$5s5 e7s 81
Messrs Gwynne lay, Of Wall street, furnish the fol
auutatioua CURRENCY certificates t,post
checks, specie, &c.
NJ ll.~Is. ooYT .rS,E soFl