The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-09

diff renee statements given the sp'eniiN iaAe
from the books Of the company. showing the fen.
81 erged TO construction On accom-, 81 eAPendhare
;,cr, from the eommencemes, ~ TIE wurk % N
close of Sc, tsmbss. iss.." In another part Of "a
circular Mr.. " staies,--The capital q t''' fe'a'
! Guiding stocks ano Lond.. ae~ ssSna' A. i"'''"
| VIII
lace seven p.I cent soni' .rTf n
escco STARTS y ...... sc~ ~
Total in ,l. ,0.,n. $500. w.soe'
BY referring TO the siAlerseui 81 wAlch
sroan above. anc summing 20 fss io,ai
| suioan. Charged 10 constructor acoCuIi We
$500" S0''''''...s.........s.s..... .e-a s''
L~'ios daertace o.. .................... ssis o'
still unexplained, not ~ith-iaBding tl~ nrfsseacs
to il for explanation.
What do.s this Discrepancy mean Wa NJ
Flgg concious that the appendix did me- explain
it, and does he take th~ methcd 81 cssl,sg the
stockhoders attention 10 state q thing which he
does not wish directly TO expose The mystery Is
rendered morr complicaied BY the fact that the
directors ia their Iepcst Of Juiy isss, stale The
capital and indebtedness ~ follows -
Sspiai STOCK .sss coo
Dous' ith. oS
Total S,7s.Oe
While on the ist OF December following, Mr.. y.
gives i as above stated, &c .ets 900.
Independent ~ Mr.. Fiagg's protest against the
propriety and honesty Of making q stock dividend
when there had been no net earning. after deduct.
ing gross expenses from gross receipts he goes on b.
show that all previous dividends had been paid out
Of increase OF the capital when the stock com.
manded such price tina, sales could be msde with
a. l..
creased the capital sJO3 ooo while those previously
made in cash added TO the capital al 900 600. The
particulars of these financial operations will b. found
in Mr.. Flsggs address TO the Stockholders. The
earnings Of the Chicago and Rock Island Railroad
Company have been for several months the de-
cline, and taking that for December at $50 0oo a. a
basis, we should doubt whether the company viii
have the means to discharge their current expenses
and the guaranteed dividend 20 the Peoria and Rri-
reau Valley Railroad Company, which falls due in
February, and for the payment Of which di-po-.-
ton has been made.
The Comptroller Of the State of Maryland gives
the following exhibit of the finances Of that State
for the fiscal year ending Sept. 30, ls57:-
The total receipts into the treasury the scai year
which was ended the seth Of September, 1857, were
81 ,3S4 ,705 40.
There remained in the treasury on the Goth OF sept
1856, $500 ess So which, added 70 the receipts ue
year made an aggregate in the treasury Tor the nca year
or the receipts in 1857 the sum Of s5s7as ~ was for
which accrued in that year and 2 95s Oh FOR
revenue which accrued in former years
BY comparison of the total receipts 10 1866 with those
in 1857 excess will appear favor Of the latter year
to the amount of 1854 1893 no. bu there s included the
ceved in settlement of the States claim against the United
States and this sum being deducted there appears fall
ing on the total receipts Of 1851 as compared with the
This may be accounted for, to extent, by the
peal of the stamp duties account Of which $40 i23 -
were received into the treasury in 1856 and mus, seo
be borne in mind that the revenue for direct taxes In
rears is gradually diminishing.
The truth Of this explanation will be apparent by
insttutpg comparison between the amount Of
accrued and received In 1857, which, before stated
was S95s74G ~, and the accrued and received
1855 which was 81 COS coo ps allowing for the decrease
by Of the repeal OF tho stamp the difference
against 1867 Ia reduced to 81, $40 81.
The disbursements in the fiscal year ended the Goth &c
September 1857 were 81 5o los 10 This statement also
shows the balance in the treasury Al the oo.e OF the sc
year 10 have been els 81 subject Ia the payment OF
charges therein stated leaving net balance Of s,t2 0o
81 for future applications n 4 demands.
AnSstmate Of the probable receipts into the treasury
in the current fiscal year ended the 3oh Of september
1sSs under the existing revenue laws, amounts TO H.,
An estimate Of the probable demands upon the treasury
for the current fiscal year IL set down at se6s sA
The receipts IN the fiscal year on account Of the sink
"a 7s was surplus revenue transferred
Tho whole amount of the receipts were Invested for the
Of this fuLd.
At the close Of the preceding fiscal year the sinking
fund amounted TO s3.6I6,o65 49, and Il increased
during the year by the purchase Of stock amounting TO
&s 104 o. 10 S01i,170 81 But 3l1 f93 Sc OF six per
stock created by chapter $50 Of 1896 cancelled
10 the year. and this being deducted leaves the sink
ing fund the S0th September 1867 81 ,oo7 216 A.
being net increase Of 1921 2li 90 during the fiscal
year.
The sum of sa2I oSe rs only was expended the pur
chase OF stock amounting s33s 7oi o. thus saving
the State sl7 ,3Gs Il.
The state capital and credit OF the 30ih OF September
1857 amount in the aggregate f22 $50 $40 22 81 which,
however, only IS 05s 96s ~ rated productive.
Tho funded debts contracted by the state Of 30h Of
September, 1857, amounts to Sll ,s1s,a67 80.
The total upon tho assessment OF 1856 il small
toing only t6i2 422, In Baltimore city there Is dc
crease, rs compared with the preceding year, Of ~.
SD3 pb-.