The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-01-18


december l, 1870 ......... l,ol7,l 10
Increase ne per cent?. ass 90
The earnings Of the Cincinnati, Hamilton and Dayton
Railroad Company for the month Of December, 1856
were
Freight $50 S2s II
Passengers IL, OI3 II
........................ looo %
Total. $50, oIs %
Earnings in December 1855 ............. Il, So6 II
Increase ACKNOWLEDGEMENTS. SO 10 10
The steamship City Of Washington, at this port from
Liverpool, brings two days later news from Europe. In
commercial point Of Wow tho accounts are important
The advance In cotton and breadstus 10 somewhat
ptcted. In cotton was fall quarter Of a penny per
pound with considerable activity In the market Bread
stuns ruled at better prices, with brisk demand In
financial affairs change is reported. Money continued
in active demand, and consos about id nigber.
The philadelphia Ledger Of the 18th inst, contains tho
following remarks the present system OF msklce rail-
road reports they accord well With tue views we
have go frequently expressed that we give them as
confirmation of the truth OF everything have said
the subject
The reckless credit heretofore given by capitalists to
railroad companies has Induced many OF the crfUs
which nave prevsheo IN the homogeneous OF their affairs
ard has encouraged mpde OF ststemoLt OF their &C
counts 10 published reports specially designed to ioste:
the crcdrliiy wlch has prevailed IN connection sta
railroad invesimtns. The cost of roads. IL most IA
gisDcos, has exceeded original estimates 10 surpns
extent Tire capital paid To- OF most the compaaies
has ,hsr a noie,y even OF such ,nim>,es and
CONSCIOUS nifty bofrowod money has constituted TIE major
part OF csIts invested In thor conjunction appear
by the New Yorx Safe Engineers repor, Of las year
hgt tho capital it0ck as by charter Of SIXTY -four roads
"a ls6 mlcs) is sra iol ECO The amount ,ubgor,bed
IL fss GsS.g7. The amount OF capital stock paid 10
,sty three roads, "a go miles Is 500 4734 ass. Funie1
and hos;us debts OF same, Si7 t35Slb. fhis SHOVE
lack OF subscriptions for spta stock OF about $50 600
Geo; deficiency payments On 6abscr piioEs OF soou
SIS otooco and IN excess Of debt over total Amount o
capital STOCK paid In Of about S7,b100O0. Hence We
learn how important has boen that trese companies
should sustain ttc confidence which they discovered
spctuA.rg tpiri hal given them IN tbs money rnarSe
and the statement m Their affairs, as res oFto 70 taer an
nual reports maniets The ingenuity prasuced fJf tha
ppipoae 10 sustain 10. credt Oh ihe SOCK nld o1nlr
-bEd more especially OF inc latter. Uor u " on the cor
Ddenco OF creditors that most of the conpsulas ro'No
th'ir CORPORATE ezRteIce they Rave maze un~aranice
e0ris % chow large smuIr Of eafnic sDi have ~
i1o sane time pfscise1 deusve and spurious shf;s 20
reduce tho item Of ohug@ The construction a'couut
kept opeD 90 form apDaren, basis OF sdci.ona ;art1i
wtereGrOn they AK for additional iOara1d ncO a.
the tcSpe goa 10 carry along various iioms Of cx1enii
lures which II added no item % annual cnargrg,
would exhibit The important item Of net OTIS lres
MOI suiIrient 10 sursain creii. IN stock circles
The Massachusetts, Cotton Mills, L-woll have dc ,src1
semi annual d sldend OF pr cent. payable January
2s to beiicrs JsruMy g. Salem, Mas, Mcc6ao'c Hll
Cooperation, dividend Of per cent payable Ja1osry
20; Bates Manufacturing Company, LnyIstoa Malice,
per cent. payable January ~, 20 holders January 10
TIE directors OF the Psncld wooen Company have dc
heders March l. 1.-THE Pitsiold Bank. The H.H Mana.
featuring Company has dcclal ed dividend Of per cant
payable Thursday, January 20.
The Receivers Of the Grocers Bank, B1-ton made
their report On the 18th day OF November they Bi-tc
TIC liabilities Of raid corporation incluiBg ctrGn bs
right q the holder collect Which WIS deued
80 folovu:-C'rcusiloE slo 4s5; 10 bsuks and bank
efs s93.tco; depos,ors $50 dividend $500 50;
;5al, sil,ls1 E5 Ibc receivers have collected, out Of
leavirg Ia ihtiF hsnds on Inc l4th or J.u1s-y.
Slc 1t7 Previous agents q the Court up 70 Novembor
~ had paid I'll the claims presented (sis2 SOP cut
The cash transferred and collected to the amount Of sis
tt5. " addition TO the cash hand January a. sic
1917, 20 meet The liabilities November 10, N4i 1871
arc also TO settle claims OF stockholders proIeD,ed on
co. ihares. By tseny.our stockholders equivalent g
par 10 s5C 400 ,herc very large amount CT a5tc
OF different reliability, secured By mortgage othOfs
By collateral, others IN sul aad somc probably
less and yet others inverted In Of different stand
Tug and value. which account OF tho uncertainty Of
many, NO receivers 40 not give n The aggregate.
The land sales OF toe Illinois Central Railroad In Dcsm
Der anu for the year woro % follows--
Princral Ia,srs. 1o'at
o., ,ss q Aores contraction
lands told tr..... $3.50 h26 $4,000 6l0,l3o
5,to3 60 Acres Tree lsnoG
sold f1r........... TS1h9 500 1896
1896 % Acres interest," iands
SNie ie's ftf%A' VIZ" i'for@
l6sl2 81 tTO,) A sod for. te:7,o COL 60ss5 07s,ss0
Add town lots sold for........ ai00 rs 3,li3
Total a all,.............. LET 7Oo5s $50 $50
Acre, FriarTal n'rst 75a,
Aggregate Of lasi
mcbiSiy report, 29Oos5 gl5,asS 4ss ooi a,lsi,loO
repori........... as3l2 sis,lol ;oe5s sso,ssO
Total 10 dale. ..Ssos 4bs5ess 1868 5lll,6bS
The qusniiy OF LANDS gold by the company up 10 The
present time is ~ follows
To jan l. 1866. s2s sol II acres yielding SIS 5gss77
To jan ], ISL. 33e, 3s9 30 {" " 5ii4,e50
- -
To'al........... seb,2liol d" slo,7i322s
The conway rpsold Jan. /, 1850 2oeo 1873 acres.
-ae' VI iooo''s''. .''s's''ss''''''''s' oooiofS "
bhihNCe Ortoid .ss..s....ssssssss ltZb,tbo
The annexed satemeu, shows the receipts OF the Penn
syvsna Railroad for the month OF December rae
oeiru sirce August las, have diminished 10 comprlsos
with the month In 1855 caused by low stage OF
water the Ohio river during the "a, or the year aud
the closing OF navigation by the Ice sarly December
Every cxertou being made to increase the present
adequate facilities for railway transportation from PA"
burg westward time for the usual revival Of trade ia
the srrlbg
Receipts for month endirg December 3D.. 1855 ses ~
Same month ,st years ......... ,...... 43i 559 90
Decrease. ....l7,tsC II
Receipts nom January L. 1855, to January
L. lsbI... .............. .'''''.. 'sh5JuV5S ~
same PERIOD last year. i3iJ 49, ~
Ircrcase. .sts4, 1884 IS
The receipt, Of tire Conueoicut River Eaurosi Comsa
nv in the year ending December :, 1850, s2s &C.
expenses and interest sN9sso The net o~0lDgs paid
g per cent on $4,000 preferred, aud per ceot On
{ "rt ccc q coa-or c,cr Tn fod oTs. 'ar To-