The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-03-15

Ne company sttpulse 10 pay Ne csstyaeoas ~ ~
eenstsusoa and equipment Of Sra class PsaA NJ suau
q e9o.soo pr mile hh includes Ssnctng and ~ on
s5uosson Of Telegraph line for the a NJ roaA ne
eoesHotsr' agree 70 complete Ne read 70 xsqukss ~
JAM, 1885, 70 AAsanoss ~ Nov is 1851, and 70 Marion
Jaa. l. 1852 which Ia 50 miles west d Lyons ne vsse
line h y be delivered over, ooupisssd, - We esopa-
ny m I've years nom ths dats d signing The osasase
Inc London Bankers Circular Of Jan. 81, In reply 10
htsr received from the New York Osnsss, Railroad o..
London broker contains the following rsmarks:-
TIE New YORK OnxraAl RAILROAD OelrANy.
We have received letter upon tho reunaxks we made
ass week upon balance sheet Of me above cenpssy'
charging ~ with msrepPesenting the financial condition
Of tho company snd IN order 70 correc cur view. upen
OF the report which b'nGs the down 10 the
soth OF Sspte mbsr, 1895 rhe statement which We
printed was taken from the Nsv Yons hEsALp. which
seems to have been ae much puzzled ~ ourselves TO
comprehend Q particular item In he account given Oh
the asse's from which the proofs must DO estimated
We ind on comparing the figures inherited In our paper
with the official report tina, they nearly idsutoa, with
those given by me Nsw Yolp HBRALD aud t,e tr,t pg
dnsrsn0e (Which u merely typoseaph,eaD docs no,
In the sshtest degree sec the point We proGght uoder
notice. may be vel 10 refer again 10 tbs particular
item 70 which We Iaised obec. or. forming portion
Of Inc Assets OF the compMy, VIII n Is The - ne 10
amount ~ appears in the oompsnys report VIZ. Ss,62s
1ie Our correspondent tells ib,t ps tenn, whloo "a
equal 70 a,ous one eighth Of toe entire ab,es of tes
holder OF the various socks OF tue tines whor we're oos
sodsied IL TO one company The New YORK 0catra
Company ," This item q thep, sc,ordng TO oor cor
respon rents sho wing bonus equal 10 tht, exen,
paid 10 the no ders OF the ,dsed s;ocg Rr' from
what fund has item 6scuArged9 In -
tnis We are told that has % We p.d according 70 the
18Th article Of The consolidation agreement entered into
unoe an act Of the gsture Of the State OF New York
chap 10 Of 1853, whinb runs A. follows
Art 10 The said new corporation shall, without Ss'sy, Altar
lie Ossn1sASn sfSs de d re ,s.ssSe
spd IN proportion to their respective neress q
state il, saSssnse the ssoSa *ses The sesthOasf
whom The same be issued entitled he ntss l1et 70 Zoe
Iass Of ns s psst q sn se es
per cent Per from the sad Ia; dsy Asy, 1884
Nov, We simply AK whether the GSutes which ourn
Prise ihis item are . liability or an ssss,9 We had
always thought IN our plain Arithmetic thai whenever
. company was under any liability tor onarges, Past,
esent or fotore, thai II belonged &c the former,
| ana that had DO connexioD win sucb Items a.
:. Cash In banks'-" RpIf. I'd 90 apment," &c. end
therefore, that ousb, to be IA ied 10 the oonpanys
od. bn diets The New loik Central Railroad Company
seem to think differently, and mako an asset TIE NV
YoEK Herald o. the lib OF JauuEy, taking 9 similar
view with ourselves mases the following MARKS, Yer
careful analysis the figures in tho report and balance
| sheet
s,rsss. see ss &.
as nGs y s tenn 81 Sas
D Hs TO Be- nScdacea 70 Ia sns. soeoSa be
saa,e Il eo@S not properly be cisd s "a sSss'
fraudulent msreprssentsiio ihe Of me campsny
SsS %sn such eOr to dsssSe as
hey would probably be put 70 ne ne;sssity ct pl.s
public statute Of mis- Which prescr puhshn
for obtaining upder fsss pretences II tar
balance sheet msde by stockholders 70 sell their cio
and do actually ,sh We DO not see wis hey -e 70
smsnabe 10 the statute II represents TO the pupe thai ~
company have properly u the erent OF SsoS 10 nor
actually have, which, fac reduces the value
stock 20 cent to OF the exsgge-ee1 value
certain the same side n he sc,ouni Amounting
xsi2 A. Il amercnant should fat and call he Crediio-
and exhibit hs basnce sheet showing eeb4 % hs
smouut of $4l and balance, which
business item Oh ould appear future Income or "a
the next twenty years 81 0O what woG
these creditors say sucb balance sheet We etfs ne
| to the business men Of AM comm unity
Tho annexed statement exhibits the vi'ue o. oreg'
dry goods entered at this port for consrmpnor M vLe
house and the whdra walls from va,erorss darus ~
| week ending Thursday, March IL, 1867 -