New-York daily tribune., 1858-07-23


Total "sl''s2'S IL
By s.l.hcr q dividend q Deeeuser,''s s2s5 %
b ei'id.nd Of July, ls57.....''''''.I 81 ~ ~ y.
BY b-snce ts1es Of 1s56............... Is sl 90
By fsterssi on Bopis................ns'sse 1850 II
By in;.i.s. ard exchanse......:....... b'lH y
By Of and operating eN-
rpfes over earnings on r. and u. =, o,o =.
B, Operating expense, cr IL months s5-slls25 252 %
ssss gss 30
OF the above bssnce, s9l o9s 50 hiss been paid for
the purchase of slO5 600 Chicago and Aurora Sec
oni Mortgage Bonds, which have been cancelled and
deposited with the Trustees of the Sinking Fund.
The Directors state that the money advanced to the
Peoria and Oquawks Company will probably De re-
funded through purchase Of the west end of that Rad
fer about 81 800 They say that this road must be
bought or new ore built. The experiments with
cosl burning engines prove that saving Of 80 cent
can be made by the of coal over wood. The Re-
port ssys
BY reference to the report of lsst year. it will be
seen that our bills payable amounted on the lst day
OF May 1851 to over $Oi 600 All but about T. 900
f this consisted OF advacces to the Peoria and
erd Oquawks and Northern CToes now QUINCY and
Cblcegoj Railroad Companies. Thee advances, or a
large pCr,i, If them It had been c)nhdently ansicI.
pated would be available when due, In Jaeuary and
March, 1853 for tie payment Of our liabilities; but
subsequent experience indicated that they could not
be relied upon for tha. purpose. ar naoilities nad
been Increased by the purchase of so 0o0 Northern
Cross bonds, pursuant 10 contract OF Jsnusry l.,
1867 ard by the payment for Locomotive
engines ard $50 house freight car, contracted
for picr to lsst report, and payments for
depot grounds previously purchased-in all. about
t2l0 600; and while the Directors regretted the
cessty that existed Of withholding the dividend from
stockholders during the extraordinary disturbances in
the insncie matters o the whole country, .hey could
not doubt the proprlety OF using all the revenues OF
the ioed in paying the outstanding liabilities of the
Company rather than to pay the exorbItant interest
that would have been required to carry such debt
and notwithstanding this application of them, was
found quite imprsctlesble to cary the balance of the
debt without recourse TO q sale OF IT. bonds COnse-
uuebtly in January last they sold 1868 900 OF bon Is
| for which they have realized $iUO,3 which has
| b, en- applied 10 lquidstng their debts.
Tne balance Of tie flo strg debt be extingushed
very soon out Of earnings, unless all our cslculs-
| ilrs ale disappointed.
TIE report suggests the propriety of building new
track from Aurora to Chicsgo and abandoning the use
of the Clcsgo and Gslers Road, toe purchase foa
that Company OF Us south track from the junction TO
Harlem and half OF the south line of that rosd from
| Harlem to Chcsgo. Such track could be built
| with the $500 900 reserved mortgsge bonds and the
cost Of interest &c would be less than the rent
| psd to the Chicago and Gsena Company. The Di.
| rectors ssy, in conclusion:
| Notwithstanding the diminished income OF the road
consequent upon the extreme depression in business,
L
financial disturbances of the past fiscal year, the Di
reetsrs have uLdutished confidence in the success Of
| the enterprise in which We engaged.
| From pact experience, We have learned the pro-
| prieiy and neoess Of avoiding floating debt and
Of pre- vidirg ard keeping hand such surplus earn.
iugs shsl secure to stockholders, under any teG-
| porary reverse, regular semi-arnua dividends.
| The Chicago Times of the 10Th inst. ssys:
during the last week there hsve been received a..
Chicago ll,tO7 bb!s. Of hour 262 395 bush. wheat,
/ huub and huan fyalQ
10 $50 SO bush grain. The total receipts of tle sea-
son thus far pa $50 bbs. -four, go, $40 BUSH
whest, 375 100 bush. corn aud 522 237 bush. oats
-mskirg totsl of over l2OOO,OOO bush. grain,
TIE receipts at this time lsst year l5 900 bbs
-four 2,025COO bush. wheat 1000 900 bush. corn and
$50 COO bush. oats equal to llO 900 bush. grain and
showing an ircrea,e in the receipts OF this year of
| Cs2, lO7 bushels.
The shipments Of the last week have been Z col
barrels four 2l6,2l7 bushels whest 3s9g7S bushels
corn, and Isl l53 bushels oats equivalent TO 795 69S
bust es of grain The total thpments of the season
thus far lg7 ss barrels -four 1875 52S bushels
wheat, go 6l7 bushels corn, and l5s 3sl bushels
oatsuaking total OF eleven million bushels of srsin
| Ismely, IL, 9y3 ,5l6.
Tie shipments at this time last year were Il 900
barrels four 800 900 bushels wheat 900 900 bush
es corn, and leo 0o0 bushels oe,s-msking total Of
| -l5,OO0 bushels, and showing al ncrease IN the
shipments OF this esr Of more than the entire amount
| shipp.d st this time last year, namely, 5,0o,5l6
| bushels.
The receipts of lumber for the last week were
SO coo ieetnakng the total receipts of the
| 1884 e12 Feet
| From The North AnertsIz, July 2l.
We publish TO cay lorg but very Interesting re-
port just made by Committee appointed by the lAst
Legislature Of th.s Common slth 10 investigate the
affairs Of sunory barking corporations in the in
terror. The expose is calculated TO be very useful
sho~ing how tne speculstors Of New York State
il the habit Of dabbDg in tinsncal matters in Penn
| sylvsnis with view 10 ssindlDg the community
thoroughly they do their own folks at home. A
sin Tar Investigation in NewJersey lately, by the
Governor and other officials, developed q state of
hirgs even wOrse.
The fret OF these Pennsylvanis bupks all of which
were chartered at the legislative session of 1857 is
the ToRsCouIty Bank. The letters patent ste that
tie subscription amounted 10 cog shares and the
Committee found that OiO Of tbese had been SUBJ
scribec ard the irst instsnelt paid in single day
by certain Buffalo iIsroiers, of whom Wells ID. Wal
oiidgd, fer himself and various femxles took 90
shsres while Ed. T. Thsyer Of But. .lo took 300 more
| ndJ. W. Brawley took the remaining 200. Thayer
belongs TO nest of tsncisrs of ls. name 10 Buff s0
one OF whom oPerec the brnk and q. entered dis
counts 20 the smount Of 81 65 al TO Buffalo parties
q. b. Steers Of Buffalo wao elected Teller OF the
OaIk, ssys that upon taking charge OF il there
o,ncit OF 80 J13 Tue discounts amount 70 $50 O66
= resIy al OF which has been TO Buffalo parties sud
all except rote Of 81 100 10 ns Of from s. OC1
to s 200. The ThsyeTs and Wsloridge figure either
ss cravers or indorsers 10 nearly al of them II Is
Gear that The bank was purely speculative tue SUBJ
eIlnon rotss having besr inme dia,ey discounted.
ihe -sre psrres appear 70 have been the operst rs