The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-09-01
FINANCIAL AND COMMERc tAL.
M u N Ely NJ A IL X E II.

sHoos ~efe WY M1eOur eXea Iou Oh ~
cent; lncs Ceaesl bonds. IN; Michigan Central Rail
road l; Illinois Central Railroad, d. Cleveland and Toledo
y; Milwaukee and Mississpp, 1; l Crosse and Milwauke,
There was SAC Ct EicarssuA Transit stock Of per
cent Penney isSns Coal Company dvaDcei per cent
Erie, ~; Reading, III Michigan Southern, l; Nes YORK
Celta, ~ Chicago and Rock Island q The i'm Dor.
sp des line 10 day In Illinois Central bonos and stock
There qie anal y among holde to realize The Efe
Railroad !cao, pay interest," has yet bee closed
rhe secas Tor BsIk phenx 8ank, Manhattan Bank Bank
ofComme &c and Bark of New York have asree to the
oompany Shr,i each but five banks wanting
loan the smoans, TO make up the $500 required
viii be difficult, We think, to Gnd I've
Of that rot The loan must bs made upon the respon.
biy Of Mr. Drew, Other directors, for the rail
road company have poning else 70 give The money is
rqaiie3 pas The Sep Der LIST Interest the bonded
dset, AID will be mieed 10 kNd, raised, TO Europe
most Ct the bends held b. foreigners The money Is
wsned for sixty days ana tho management labor under
tie 'lpAve idea tat ,hs earnings or the road 10 that time
will Pre-, Ice frnds for repay cent The LIST Of November
will opsn toei to yosy dnere0 state Of thing .from
that Taere has buh qi,e 4 decline lately In bAak
sock. The sock OF see Of shs la,gess anu oldest
In TIE city have fallen AMI aye per cent, an are
still settling downward.
The lAt sovicss from London give some important
infor aion regarding tho Mca.sAn Censa Railroad Co
paLy AiIsars, By sac L5adoO circular VI Mr. r. a.
ieth ssse teas Nj ghissn Cea. Railroad bonds free
ly offered 81 decline or hree ceat aod thai the fast
bad created deraoie surnrise In financial circles
The floating debt Of this company has reached . very
Unweldy amount the aggregate Ia, ne believe, nearly
two and haf million q collars II possible thai the
sale Of bend in Lonton Ia Issue TO provide for tho
payments on The fos'Ing deo. The nlans yemea. were
doubtless, vel aware that you'd have been useless
have into bls market for loan, for the sale
h.rds adj wtxalL rhsH 4 IL
tonisnps win what rapidly the a1s:!ng debts of rail
road Companies up The Grss tina. Ia known s,out
them they oouni oy the millions. Tho Michigan Central
Railroad Company have been running In about
double tho amount OF is dividend every year. II does
require very arge siSe 10 agure up the actual
Of system or HnAacierng the eec, upon
the comyany's finances. ina condition OF this company
has induced many stockholders 10 realise, ana have
We stock ranpirg down aboa, rapidly any of the
others We why should not run down ~
far a. some or Ne com ,esi os.
Il was oncia.ly announced Ia columns q few days
thai the Illinois Central Railroad Company had male
rev Assessment on It's ca ,iiA stock. me official an.
nourcersont follows
OYncs IiIIsors CsSraAI RAILROAD Conau,l
NEW Yosx, August n, 1877.
ASSESSMENT ON NrosK A . meeting OF tbs Board or
Directors Of be Iunois ODra Railroad Company, held
Resolved THAT an asses,mcpt or ten dollars per share
be and l. hereby called the capital stock Of this
pspy pay able the 26sn day a sepe merit, tns
soes resi,u rec taer, and The o,e Of Ns..rs R1oer
Benfcn Co Iondou on the stock registered In the Lon
Rs.oivsd, That the t-,n.fsr books b. and thy are
herepy closed from this day and bee red on the LIT OF
September next snd thai DO transfer OF any snarrs he
mis,ed After date until toe nssAmont called there
me directors Of the nuncis Central Rsiro Company.
dec rant slaie thai he oAl u made In prse
10 sume re 70 carry anns dls, IN tho prasoni ssa
tho stockn ocrs that 81 lime since the organization o'
TIE comp>ay has 10 prospects for uNno been sci'y or
The land ,ales moro sasfsoory. tho lcs manage menl
Of the company In oil deps tens NJ i,r business, il In
efDcent AID honest bands tho payments for land soa
are pr,mps, no u.e operssoos o. ne cSmeany ,nes ,ne
nospce me directors In tbs vsue of tas enterprise
snd las ulinsie renrbs TO tho stockholders. d. ore~ "
va K AcKERsaS, Sec, eiary.
Tho capital Of The company Jon ~hch The assessment
is made IL sTcoo,cco rhi. viii sivo the npsry
81, flc oo which ~i be appropriated, socsrdcs 70 Tue
notice. the ysyment (-heter In fai or in part lies not
sppcS) OF tho Seating debt o, the 'oad II 40 mo-
much nbskeo hi, company issued vithl, the pat STA
moufs 5000 shsres OF stock, upoa which b33 per
share 70 be raid In bsalmepts, syae "a aggregate Of
10000. This issus was, believe, for me pu pose Of
psys Oh .bs dosus debt ~hich bad accrued up thai
time rhe inmedisie closing u the transfer books upou
hs official Of The sssessuen, looss too
muea ike snnp s;uoe-moro becoming companies
toe Mel ssn Southern and The Go resni and rceio.
II dcts ool ye, appear that the stock would have bees
forced rca The msrxei aoy estsni under es5s cir
cums,Arcs bad the boohs remained open, bel Il Iooks
~ lboasn the company anticipated such move
and Iosorsed 70 The necessary measures 70 preven,
~ rhs onsn asl operation NJ tho company 10 moi yet
sunceaty developed enable u 70 Or opnioa 70
The probable rssu but stkes Us sAAs comes syery
upfavorable moment
A. tha hoa, tha car yaa sal
Erie fell OF y. per cent Reading, .; Ia Crosse and MI
~aeh~, X, Michigan southern preferred, X. New York
Central wss In demand sad closed nIm 81 10 rex per
cent, os,h There appears W be scarcity OF this sock
v be that rses, ssior ten an fifteen days. we're
made ~ ivo per cent beo~ the cash priea
The telegraph reports the failure u sne HOLSTER Rank
OF Bofslc, and . heavy upoo ell tbs other Buffalo
bsrka The Reciprocity BADs has no. resumed and pro
baby viii not
Mcsr. + Il Ludlov Co. viii oTsr for sale al aao'op
to morrow al paf past IL o'Olccs At the Merchants. x,
change one huncred thousand dollars Of Ohio ssss bonds
redeemsbe Ia 1885, AMI bearing ine as ct the ratio Of Sin
per cen, GER annum. rba bonds will b, dsposei Of 10
sums q thousand dollars and upwards for cash. The
ssls 10 understood 70 be peremp,ory.
smson Diapers regular sale of sooks And bends viii
take place 10 morrow (racsdsy) a. bali past IA ooocS,s
The NorcLsrn' Exchange.
The failure OF large sik house and Of other large
house reported this morning, Dot believe .hofe
q q, foundation for The Ths mercantile cssss,
cannot ,ani the presen, pressure long, and f
tnues there sill, without coCo, DO namerous failures
among the merchants.
me Interest doe Sept 1 on toe internal improvement
bonds OF the s,e Of Florida, viii DO pad attic Bank
the Republic.
me ooupous for interest dus Sept on thu froelsnd
er cent bouds n The Forids Railroad Company viii be
paid 1t the office Of Rsss % 90 Wall street,
All drsfs drawn BY The Breckenridge Coal OH Company
On Mr. John Thompson, w, be paid ~ Tho sseasy Of the
company, No IS Greenwich street
Upder the head financial Intelligence on our hrs page
-n DO found csrta proceedings In OF courts,
growing on, Of he failure Of The OHIO Lite Insurance and
TRUSS Company. sessrs DeUns.own, Wood a 90. sied