New-York daily tribune., 1857-04-24
the floating deb. is e 800 coo and was not seured

the floating debt is g. 800 ooo and was not 'scunee
in the building Of the Detroit Road, this 'nciuoee'
dividend, since paid. Against this the ComPA'' -,
51S miles Of road over half million OF s'e" -
property, nearly new, and some l"o " III
and half Of other assets, bills recevaoe' oo"''
stocks Of other roads, cash, &c- Ihe aooFe ".v
includes the cost Of the Detroit koed a'.''
the lst Of January the stock account na
increased by the issue OF stock ior VI" r,
ment of the dividend, &c, while 'he o
account has been reduced by the payment VI 80
$500 eco Income Bonds due in March, e1cep'as
much az was exchanged for Sinking Fund Don"''
The general account probably shows al presen' f'
SOC, GOO, of which ss 900 IS stock. Dedueuis
from this e. COO 900 for steamboats, and other
leaves $l5 500, GOO the cost OF 12s miles VI '''
making an average of $50, ,0O0 per nile, which, d. '
present market price Of the securities OF lhe ioo "
reduced 10 s20,eO0 per mile. Of the rou'o o
which this road passes the public have no'"iNs
TO learn. 1t is admittedly one of the
routes in the United States the shortest line pet"ce
two great lakes and the transit across OF the inter
ing tract OF country for the immense ana consNtSV
increasing traffic of the illiniable west ID '",
Southern Michigan Road, with its preeminent ha'uia
advantages under good management cannot oe '''"''
TO pay dividends upon $50 600 or $sj,ooo co-I PEI
mile, it is quite time to stop building railroads, anu
also to stop paying dividends upon most OF tho'e ''
are built In regard TO the distribution OF the loA'
il appears from the list OF shareholders that there n
be.n constant increase In January, 1856 the num-
her was 934 In August following ,0i2 In February
Inst when the dividend was paid, ,l34; and at the
time Of the present closing of the books the number
was .235 This would seem to indicate that, instead
Of stockholders selling out and concentrating the stock
in Wall street the reverse had been the fact.
Messrs Winslow, Laner & Co. advertise in another
column 500, ,OG0 of City of Chicago and : = cent
Bonds issued for sewerage purposes. The act OF the
Legislature authorizing this issue makes ii the impera
tive duty Of tie city authorities to levy and collect
snecia tax 10 meet the accing interest and to create
Sinking Fund sufficient to retire the bonds before
maturity The entire debt of the city is now 81 li3io,
and the assessed value Of the taxables Of the Ci'y
$75,0O0,000. The population is now llo,oVo, ana
randlv increasing. The present debt was mainly
created for water-works and the city property,
exclusive of the works. to the value of sssS, 900.
Securities and circulation of the South Royaton
Bank Vermont: ..o
o."
r... .sIle5oo
bond .snti BY 10 ficehcider. some oft them the
richest men in Vermont ''"'
H., 4Isi 800
This bond il to make up any deficit that may posi-
bly be in the securities should they be sold to redeem
the circulation, which is $lO9,N6.
Securities and circulation of the Farmers Bank,
of Saratoga County: oooo
SswYSk cent stoct Of 1858 and 1900
Mortgage. 49,
iaS idS 2S5 5S
Circulation.
l.fx y anil
s., COO premium
for the week:
AB Dunckec, BrsttlebOro' Vt, failed
VIM. L. Lundsw, Glover, W sa.Pended.
Jancs F. Brnsnsid. Burington, W, attached
Richard F. Wyms, Boston. Mass. suspended
DanfoItb Pravidence R. l. .usPsadfsd .oo, div
idcnd. expected The City Gharnbersn " stout esd
already abou 600 help through has declined TO
. it blind any further. He's light. u,.,
D. D. Casc Co, New York City s'sgledi liabilities about
*5SSU JcSn j.. Bell & Co. Ner-yorl City, suspendh.
A. g. Howard NewYork City, YYPendedi liabilities re-
PysinI Sin mons Short New Ycrk City ,:Pcpaea ,
Winston Riec, Utica, y y aFe end'aVohns to compro
't Ssihs@ ia Malfe Rome NY; assigned to H NJ La~ton
". " r + p1S.r Abefcfombe sullivan N v Suspended.
ss .aa% eiaSH SetS M vi 'sR'Ta'S "a assigned
IL.
r B Myrick Co. Phladclphia, Penn. suspended.
H. L. Parker Co.. Baltimore, Md, suspended in conse
Gacnce Of loss by FIRE. ,,..
$ Fenby Bro. Baltimore Nd, suspended; liabilities re-
WIN Goodrich Wheeling Va, assigned; liabilities abort
t24 geo of which 80 0O0 is said tO be confidential
H. Garter Co. New Orleans, La asking an extension
will pay in foil. -, =, Init
l. B. Cunningham Fayetteville Arkansas, assigned home
creditors preferred ~
Samuel Ayres Defiance, Ohio. suspended.
Hareraye Jeromevlle. Ohio, assigned
CLARK Ouser Co., indianapolis Indiana suspended and
sold
NJ T. Dawson Francisvie Indiana, assigned.
Coe, stoughton & Co.. Chicago, Illinois assigned
Bernard Souheim, Chicago, Illinois, assigned TO j A.
Leibenstein. - ,,o,
r. W Price Psna Illinois suspended and left the place
Iosee and Loyeioy Wilmington, Illinois. suspended.
Green 4 Co. Grand Rapids. Michigan, assigned
l. Rosentaum. Coldw ater, Michigan. failed.
Aaron Armstrong 81 Johns, y b, supnded II Is said
will pay in full , -.
time since are informed by letter from theiT friends have
resumed payment and going with business usual