Evening star. [volume] (Washington, D.C.) 1854-1972, 1857-10-03
GEORGETOWN AFFAIRS.
CoyrssPondsnes Of IAI Star.

GEoRGETowN, Oct. 3, 1857.
The promptitude and manner in which the in
terest is quarterly met upon the stock debt of
Cooperation renders it one among the most de-
siraoie methods for investing money we know Of
The safety Of the investment Is also a matter of
little moment, and one that should be always
taken into consideration by those seeking for a
remunerative disposition of their means. There
Is hardly possibility Of loss ever occurring to
those who may purchase 1t as a permanent in
vestment OF late it has rarely ever fallen more
than few cents below par, and even when IL has
we doubt whether the very shrewdest fnancier
In our midst could assign any good reason for
such depreciation. We are not aware Of a single
dollars worth being now on the market for sale;
II there is, however, We can see no good reason
why it should not bring every mill as much as
any other six per cent. stock In the land. In sub
sanitation Of what we have before said Il may be
proper for us to remark that the Clerk Of the Cor
poraion met every dollar of the last quarters in
terest on the first instant in gold and silver.
w. III. Tenny, Esq, the efficient clerk of the
commissioners Of the sinking fund of our Corpo-
ration. has furnished US with the following OH
cal statement Of the condition Of the institution
for the quarter ending September 1857;
Corporation per cent. stock. ......... $40 O72 &c
Redeeming fnnd, cash. III, 1907
Cash In clerks hands. 1851
Sum total of assets. Observation-Disclosures. ss7 269 20
Liabilities, circulation. 4S,307 10
Balance over and above all Liabilities S3s 962 20
There are also other sources of profit to the con-
Germ, to which the commissioners can look with
considerable certainty, which will doubtless in
ease this amount TO over forty thousand. De-
ccndinS upon contingencies, however, they are
not taken into the calculation.
As some persons may not be fully informed of
the operations OF the sinking fund il may be well
for us to state that our Corporation notes, when
issued, are invested in the stock of the Corpora
tion, and. the interest accrues on that stock ii
Is invested in other stocks OF the Corporation
and the gain to the present time (by the saving
of interest) is the above amount SIS 952 20 This
stock IL held by the Commissioners Of the Sink
ing Fund, and is kept separate and distinct from
any other transactions of the Corporation. The
notes Were not issued to pay any debts Of the Cor
poration, but simply to constitute snkin" fund
for the liquidation Of our Corporation debt, and
which, II II continues to be as successful as it has
done heretofore it will, in course Of time Absorb
the entire stock OF our Cooperation, which has
heretofore been issued, and thus entirely relieve
our town OF her present debt. For this wise
scheme we are indebted to our late esteemed fell
low-citizen, +. Dodge, ST.
The following is the result Of the labors of
Uncle George (Shoemaker) and his assistant, MIR
Clabaugh. in the way of flour spections for the
quarter ending September Both, 1857: Whole bar
fels, 49, lG2; half do, 500.
Boats continue to arrive by canal from Cum
bertrand with coal. At each Of the docks several
large schooneFs are awaiting cargoes. The agent
at Rays dock, Mr.. Younger, dispatched one
large schooner Yesterday, heavily laden
The offerings of beef cattle at Drover,s Rest
and Fosset,s Yards yesterday amounted to GOO
head; iOJ OF which were purchased by District
butchers at S3as 37h on the hoof equal to S6a
| So,75 nett. The remainder were driven OH to
Baltimore Old sheep and lambs 50 25aS3; full
| supply, but quality inferior Hogs 50 50.
AIrivals-Schr. Carlton Jane. Tyler, from New
York, with GOO bbls. cement to Capt. NJ. e.
Meigs for the Washington Aqueduct; schr Ellen
Mar, Nickerson, Boston, to Hartley Il Bro and
full cargo of freight for the District; scbr Til
dent Snow, Portland, with 1876 tons of plaster and
lumber to + Lyons; brig Maria, swain from
Wilmington, y. G, with Sc 900 feet lumber to .
Wheatley; schr. Jealous, Bradley, from Nanti-
coke, Del, with 81 cords OF wood TO Barron *
Slower.
The following gentlemen have been appointed
by Mayor Crawford TO supeintend the taking of
the vote OF our citizens upon the Alexandria,
Loudoun and Hampshire Railroad question: f
Chapman, r. A. Griffin and Richard Petit
Flour Is still held at IS so. We have heard Of
no heavy sales since our last. Pretty large sales
of wheat have been made during the last day or
two at 81 lOaSl Is for red and 81 20 for white of
good qualities. prime article of the latter for
family -four, would doubtless command 81 25
But little corn arriving, and sales small at 70c.
for white and yellow