New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-07-11


This is still futher advance of tw0 cents v acre.
The Wharehousng business of the Custom House
for the fiscal year was as follows:
The total value in bond. June l. VA. ;....sHSgtss
a from rom fddsn port c,t IN June
s@as575o
Withdrawn for consumption here s7sl oe9
Reshipped 10 foreign ports. 5I3 0U ...
TIansp ted to other domestic ports. sol, 800 1862
Leaves stock in warehouse July l. 1857. 1888 S8
Leaves stock in warehouse July l. l85o.... l26l26I
Leaves stock in warehouse July l. 49,. ls5s,lH
This shows that the stock the LIST of July was
nearly $37 600 900.
The Secretary of the Treasury has had for some
time under advisement, the subject Of the drawback
allowed upon hard refined sugars exported to foreign
ports, the old figure of &c. y ID. not being FAR
allowance at the current rates for raw sugar. We
learn that the decision has been given, and the allow
aDce raised TO pc.
In the Money market the ease continues to be
marked and there is appearance yet of the strn-
gency which was predicted would occur during this
month The payments in the Sub-Treasury for duties
are not excessiye the continued dulness of general
trade preventing the withdrawal of goods from bond,
to the extent anticipated The Treasury balance how
ever increases slowly, and as the season advances,
the increase will become more rapid. July, it is an
ticpated will show million to million and half
at Bank are somewhat larger but still but little if any
in advance of the ability of these institutions to dis
count The falling off in the demand for gold to meet
foreign balances has had favorable influence upon
bank officers, and increased their confidence in their
ability to keep the specie above ten millions.
The steamer tomorrow will take moderate amount.
Another California arrival will be due next week, and
will reimburse the drain Of this week, and supply the
call for next week. unless it be larger than ap-
pears likely. Money on call is abundant for all pur-
poses upon current securities Paper is in good de-
mand and gilt-edged is not plenty. The tendency of
rates however, is rather upward, especially for any
firing not strictly first class. The sugar speculation
requires large amount of money, and the supply of
sugar paper of good quality offering, tends to sustain
rates. The inquiry for money on call is quite active,
but is freely met at + cent
The rumors in regard to the Erie Road, to which we
alluded yesterday involved change in the Executive
Mr. Ramsdell has been for come time DESTROYS OF eav
ing the Presidency, in order to devote his time to his
private affairs and has sent in his resignation. The
Directors have been very DESTROYS that Mr.. Charles
Moran should accept the Presidency, and have been
urging it upon him, but this gentleman is in Europe,
and had made his arrangements to remain there sew
eral years. he has not yet been induced to give his
consent to assume the duties of the office He has,
however. consented to return home for consultation,
and will probably arrive here within week or two.
But little doubt is entertained that Mr.. Moran will be
induced to give his valuable services to the road
There also an intention to make some other changes
calculated to increase the efficiency of the manage
ment The change of the personnel of road can,
however, have but temporary effect. The rad
cal error lies far deeper and the reform, although
it may begin with a change of management must
end with an entire change of the system of work.
ing railroads in order to be effective and renew public
confidence in railroad securities. The change de-
manded by the exigences of the case must be from
low fares and high speed to low speed and high fares
1t is universally conceded that in the active competi-
ton for business railroads have been doing their SER
vice too cheaply. Some kinds Of service have been
done at an absolute lose in the anxiety OF managers to
swell gross receipts and the great item of deprecia-
ton is too often entirely overlooked 1t would be far
better for these roads to do a smaller amount OF bus
ness and to obtain for what service they do perform
fully remuneratve prices. If portion of the public
desire to ride at high rate Of speed they should
be willing to pay literally for the opportunity. 1t Is
in the experience of every railroad man, that the
cost of working road at high speed increases in
acceleratiDg ratio. train running forty miles per
hour costs at least four times much train run
rails and machinery at high speed is tremendous.
One express passenger train viii do more damage to
the road and equipage than ten heavy freight trains
at the low speed usually adopted. Here, then, is
doubtedly the rock upon which our railroad system
has sp-working too cheap and at too high rates of
speed The remedy is in the hands of the managers.
Most Of the roads have undoubtedly cost too much
the building having enriched individuals, while the
stockholders have been impoverished; but it is now
too late to obvate this. The only course left TO be
taken is to develop the business of the various roads
work them with the strictest economy, and only at
paying rates. OF course, road alone in eompeti-
ton with other roads could scarcely take very de-
cded stand for higher fares, but there should be
combination Of all the roads in the country to demand
remunerative compensation for services. This re-
form has already begun in NewEugand and the
good effects are already seen. The New-York roads
must ADOPT similar course. II the public demand
forty miles per hour between this city and Buffalo, let
them pay proportionately, say Sl2; while those who
content with twenty miles per hour can be carried
probably with profit at 81 or 80. These views are
probably no novelty to railroad men, but they appear
to lack the courage TO put them in practice. The
public would no doubt meet in liberal spirit any
step in the right direction calculated to restore value
to this most important interest.
The receipts at tide-water of Flour, Wheat, Corn
and Barley for the canals Of this State, for the first
week July in 1856 and 1857 have been as follows: