New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-01-13


of the ordinary uopetarJ movements a.
The eLd Of the wear and Of the rapid payments 70 me
cr,di, Of reveGue ard al he OCH reiuro 10 com a,s
<e may BE- e1Feeeo at the tune OF 'ne uls &
ms, BE- borne in ,sd that the advances which WIZ
ben have 20 b. repaid % the Bank vii amount 10 large
,ctal The amount tent out by The BAnk o. Enei5n1
during the past WEEK has been very Ia se ana ln'uuc
considerable sElOunt OF gold CON ID tne Iosa a
o,b- Irish Banks TO enable them 70 meet the exrao7
S;nsrv drain upon their bulon which hss, however,
,ubeSed for the pre,eDt The arrivals OF specie nave
been very moderate, ard q considerable poruSn na'
teen Oh Continental account. ..oL
ending the 2Oth of December, gives the fono"Ius IT,
sults when compared with the previous week: =, -,
Public IS s9l. ts Increase 81 -
~ Rs..p'.... 20 $50 Increase. lS7r
ON tie other side of the account: o,os,
GoveruueI securitiss ( lOgloB 81 nerease
otte .ecutie u - 50 ~. sS ncTss:s DIS
The amount OF notes in circulation is tlS 5l5,Oio,
beino or, ase Of $50 10 and the stock OF ouhon
in both departments IL ElO 5l3 ~ showing decrease
of CTS 63 when compared with the precedng return
Messrs Z. ". Clark, Dodge q 20. oher Tor SAFE
ana COO Of the Eight Per Cent Bouds of the City OF
Keokuk. Iowa, Issued to the keokuk, For pes
Noines ard Minnesota Railroad Co. Interest payable
sem;-anpuaIly in New-YOrk. The circular issued D!
Nessrs. Clark. Dodge & Co. says:
Tbe stock is pledged by the City as security Tor me
bonds IN addition TO the faith Of the CITY, ana guar
spty by the Railroad Company OF the prompt payment
OF the principal and interest
The bords are convertible into said stock.
The whole amount Of the subsc Upton By the Cry oi
KeoLpk 10 that road is 500 00O of which amount only
sCO OCO of tAe bonds will be offered for sale 81
Tie Charter Of the City invests the City Colnc /
with full power 10 issue bonds &C, asH .ne u ~
Cour ell has passed an ordinance 10 that effect wnlc1
being submitted TO the people at al election duly caed
was ratified by an almost unanimous vote IN iaVor oi
said subscipou and issue Of the bonds TO this roid
The entire deb, Of the city is as follows: -.
irnpro
Subscription to Kcokuk and Fort Des MOiues Rail- -.
sr ISsa; ion 70 Kciu. and Noun; fc;:an;
Nusoane Railroad. is ~
fstense. Of civ les interest......,.... $500 90
Rate Of Tax in 10 s. e cent. uo,o
The following extracts from the ordinances OF the
City Council exhibit the security of the prompt pay
ment of principal and interest.
"For the d,mptlon Of said Bend. at maturity and
the payment of the interest to accrue thereon the said
Ctv Of Keok uk pledges rrevOcaby, first It's faith ard
credit; second, the Sock in the keokuk, Fort Des
Mones ard Minnesota Rarosd Company, subscribed
for BY the seid city, and the profits accu mutations aad
dvde1cs on said stock third the taxes levied and to
be levied and cole cted all the property real sud
personal subject TO and TO become ssoect TO taKaron
within said City OF keOkuk. And the SAID City OF
Keokuk further agrees and stpulaies with the sald
Railroad Company aud whoever may become the
holder Of said Bonds any OF them and the Interest
Coupons annexed when due shall be received Ia pay
ment for and all other dues to the cy ana fur
NAV AZ any time within ten years from the dae thereof
exchange the principal Of said BOnds, or any OF them,
Tor stock in said Railroad Company at par and the
sad City Of KeOkuk is lTevOca6y pound 10 transfer 70
The holder thereof stock of said Railroad Company on
msnd Of the holder thereof his her their agent
or attorney within the time specified for an amount
equal at lis par value 10 the principal which may be
dne thereon at the time OF such demand upon the sur
render of said Be nds any OF them, and the unpaid
coupons 10 said city and further, that the stock sub
scrbed as aforesaid 10 said Railroad Company shall be
scredy set apart and preserved for the redemption OF
the principal Of said Bonds and shall not be used oLh'
.rsise for tny purpose while any of said Bonds are
outstanding, and the dividends from SAID STOCK shaJi
be set apart for the payment of the interest on SAID
Bonds.
of said city are levied there sh. 10 addition thereto,
also be levied from year TO year. by the Clty Council
an annual tax upon the property real aud personal,
subject to taxation for county ana state revenue, a
sum sufficient pay the interest for year on all
bonds that have been issued provided To be Issued
in payment of subscription on the part OF said city TO
the KeOkuk Mount Pleasant and auscaune Rairoh
Co 10 the Mississippi and Wabash Railroad Co.,
and the Keokuk Fort Des MONIES and Minnesota Rad
n al Co.. as well all bonds nov or that may here
after be Issued for general special improvement pur-
poses after deductipg such dividends on the STOCK
owned by the city may from time to time De m ,de
10 said city by SAID Companies, or general or special
improvements said dividends, so far AZ the same Jay
extend be applied to the payment OF the SAID inter
,.; and wi en- the City Council shall have made sdch
eyy II shall be the duty of the Clerk of the Council
10 enter the same on the Collectors book for the year
n which the levy 10 made, and in a separate column,
to be- denominated Railroad and improvement Tax,
which tax shall be collected IA the same manner as tue
other annual of the city and the payment t1ere
of TO be enforced by the regulations and proys-
ions Of statute and ordinances obtain in reference to
othu annual taxes of ssid city
That shs be the duty of the Treasurer of said city
10 Keep all mopeys arising from the collection of said
Railroad and Improvement Tax, separate and apart
from the ordinary funds of said city, to be paid out by
Of
accrine and due on said Bonds, and for other pur
pose whsteyer
The population in 1889 shout 1909
The population in 1856
and increasing with rapidty unsurpassed by any city
in the West proportonae to its population.
The Assesed Of tAxAbes in the city 10 800
The value Of Abes In the city In 1852 US 1870
The value Of taxable. in the city as. 25 600
The assessed value Of taxabes In the city In s4.. 1879 100
The Of tAxabes In the city In 1855 23 90
The assessed value Of tAxAbes in the city in ls56 1900
Keokuk lie situated the west side of the Msslssip