The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-05-14

The completion Of this road 70 Chicago by the LIST Of
November next is understand secured by contract
with the Pennsy ysnia Railroad Company. The woroais
wthsn constitute virtually hae sf sle miles, between
Philadelphia and Chicago, making the distance between
New York AID Chicago so6 miles, which Is ovs- fifty
miles less than the shortest northern route.
The Bufao ExrYes notices . runor tns. the Cauanjai
qua and Niagara Falls Railroad which advertised 70 be
sold soop, to be purchased by the Central Railroad
Company. The subject 10 Supposed to have been taken
consideration the recent meeting Of the Board Of
Directors at Albany. The Canandaigua and AlInrs Rail
road be soid at public auction, in Csuandagua, on
the Gath Of Jane, by Phiio 7. Rogsles, referee.
| The Michigan Central Road earned In
April !s55. .""............s2ss2 ss %
Decrease. sI6,2ss 80
The receipts Of the s,onington Railroad for the four
months ending April 80, 1857, were. $69,225 Il
same tAtne IN 1905 ,ooo %
decrease. 800 81
During the time The decrease in expenses has been
about SIS, ooo
The earnings Of the North Pennsylvania Railroad for the
fiscal year ending Nay ], were. .$l0164 81
Same time las; year.. 6S,3t 81
Increase SAT 800 IS
The Virginia banks resumed specie payments the LIST
Of Nay This Was no sooner done, says the Charloeve
Advocate than on came Baltimore brokers with pockets
full of redemption Ono Of the drew, satur
day, from two banks, about go 900 In spe:e and
specie funds and continued his way To Stsunton, Lex
peton and for additional pull upon their
banks The Spectator Informs that the two banks In
staunton paid out, saturday $4,000 In Specie TO bro
kers
The Milwaukee WISCONSIN Of the oh inst says:-
The Ia Crosse Railroad 10 asking for an important
amend ent 70 the Land Grant and that is the extern
Of the time from December 1885, 10 Dcember 1859,
10 complete the Of the road from Msdison Port
TgislstSrs win grant this favor, for the reason
that the company is now in honest hands, wno
the the rsSe the Ssns
hsa been financial revolution IN the world, which has
dersrsed tne best .a plans ana N es.snsn ., toe
Another consideration should be borne In mind by the
legislature There "a over one million OF bona fde stock
held the State by farmers and others who have paid
value therefor This extension may tie stock other
wke suppose that DO sacrificed, and the rod
desire that the farmers and others shoud their
tire stock The Legislature can also bear IN mind that
nd who pundeTed The rosd no longer hs~e the
direction. The directors deserve every fair and
sonable aid in lifting the company out OF ia serious en-
barrassments, brought on, shoud be borne In mind
by the present directors. In Furnishing the road the
innocent will suffer more than the guilty.
The annual report OF the Lehigh Goal and Navigation
Company for the year 1857 read to meeting OF the
stockhoeers On the 9Th Tho business OF the
canal the 1s Of April, and uninterrupted, except
about eighteen days. by breaks In the Delaware div
sion. The tstal shipments OF coal were eoo,Sn tons,
500 AT tons Of which were from the oompaoy's own
mines OF the total tonnage Isl tons consumed
on the line Of the canal AT es2 tons passed the
Morris Canal at Eastop, and sSoall tons entered the
Delaware division. The profits from ground and wafer
rents and from lots sold, sao ,o3l; from coal,
ssi7s7, and from tolls, Ssh <72 making total OF $685.
go AT the close Of the year 1857 the balance the Gre
d OF proot and loss asr paying State taxes interest," re-
pairs, Improvements and expenses 1904 sI, equal
interest Of IL per the capital stock The
contingent fund amounx 1t this date 81 $780, and
10 invested ~ follows, viz
Pennsylvania sste Fives, $500 600 DO Sizes $40 900;
City Sizes $50 900; Pennsylvania Railroad econf mort
gage bonds 500. 900 Northern Pennsylvania Railroad
trst mortgage bonds, 500 600 feheh Valley Railroad
nrs; mortgage bonds sic, 900; Delaware Rarcad frs
mortgage bonds, 10000 Iehigh Goal snd Navigation
oomfany's Sizes, $3.50 ysse Amount, 81 ,oee, $50.
Daring the year the capital stock increased By 500
The aggregate Indebtedness d the company reduced
by 13e The assets increased by sl21 ,oso Al
the olose Of the year 1857 the liabilities Of the company
including capital stock funded debt and pc ,uniy oblga
tons Of every kind and including also their own loans held
IN trus, for the company, s6&ceo Deduciizz the
last stated item, the ssp egAe 100 The usual
semi annual dividends Of per cent each we're declared
and Distribution cfscrp, In the proportion Of ono share
Of scrip for every Eve shares OF and scrip was made
among the holders Of stock and scrip.