New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-01-11
The indebtedness Of the Company pe.ember', 1856,

Or December l. ls-I, L was as toAVNS r..
Bonds...:. ...........-... '-'''.'' -.
Floating debt...............- -
Showing reduction OF debt 10 the amount Of 30 ''''
There j. DO floating debt against the eoTpo"t'GIui
The Directors call the attention oi toe s'oe
10 the operations Of the road for ne last Two
During that period s7 752 81 have been charged -
the excuses or the depreciation Of he rolling so0h
all doubtful claims against individuals have oeeh COZ
ried 70 profit and los account, more than oO IN
new iron have been laid, .he construction account To-
been reduced bv the sum o: go 9e4 n the deots que
from the corporation have been reduced n ie s VI
sll94l TO- the ne. earnings OF the road nave -
more thar ltl = cent II: cent have oech pau W
dividends, and the road has surplus OF more man
$50 eco, without dollar of floating dept "n W. ~
and other materials on hand and paid for TO the
amount If $Ss "a So and the road IN good condlIo"'
The following circular has been issued by the "eH-
eral Committee of the Providence Banks
AZ late meeting Of thu Delegates from ne .'J "a,
il desirable that the Rhode Island banks should resume
speoie payments E; the earliest possible day. - 49,.
poned a. the uud,r.g1ed Committee, auihorked %
call another meeting Of The Deesates from he banks. s.n
TIM they might deem proper. tase s1ch othe,
them desirable toward Carrying out ne resolution
referred TO- Ii,
tiou meeting and have suggested that nou
be sued by the Committee. recommending the BANKS 20 ~
The Committee having acquainted with The
present condition q the banks in Rhode Island, and haV
furthermore conferred with various gentlemen connee'e- Hl.l
banking Institutions believe thA the time has now a,yed
th y they reeomm1d hat on "wednesday the 18th
inst; the banks in Providence resume .Pfie TyHen'
B WHITE, '0inln4'''
Providence Jannary6 1851
Attention is asked to an advertisement under
- Financial in another column headed Caution
The interest on the bonds issued by the Cleveland
Painesvle and Ashtabula Railroad Company, to the
Surbury and Erie Company, viii be paid on presenta
ton of the coupons in Philadelphia, where they are
payable This was due on the lst of January, but
through some misunderstanding between the Com
panies payment of the interest was delayed TIL now
We have before noticed the placing of the Hartford
Providence and Fshkl Railroad in the hands OF Irus-
tees. The Proridence journal says:
ION the lst of January the Company failed, for the
first time 10 meet the interest its bonds. Bur TINS
was owing solely TO the great suspension of business
on the route reducing the income to little more than
the running expenses of the road The receipts oil
September $40 800, date the receipts
Of nearly every month since the road has been opened
had exceeded those of the corresponding month OF the
previous wear. There is every reason TO believe tha
with the resumption of business the net receipts oil the
road will again rise 10 an amount equal 70 the interest
on the bonds and the contributions 10 the SINKING
fund and that they will continue To increase with the
increasing trade aud production developed along the
route.
"There has been some disagreement in the direc'
ton Of the road, of the precise nature OF wch We are
not informed. few days ago an attachments was
levied upon the entire property of the Company in
favor Of A. w. Sprague, who are the largest soek.
holders and the largest bondhoders, not excepting tho
Cities of Hartford and Providence ana One IT il in
members of which house-is the fresiuent ~ = -.
consequence of this understand, that the Direct
ors resolved to surrender the road TO the Trustees.
AT the same meeting resolution was adopteu
,ransferring Ia Committee of the Directors the prin-
cnal executive powers that have been heretofore ex-
ercsed by the President. We learn that in convey
irg the property of the Company to the Trustees,
every has been taken to secure the rights OF the
stockholders.
"Ihe bonds of this Company are g. 100 900, half
the cost of the road The road one of the best built
in the country; il is in excellent order with full
equipment, capable of doing large business, and in
any ordinary times with large and increasing business
to do. II can only be through carelessness or mis-
management that It's value can be 30 diminished as to
make the bonds worth less than the face of them
The Governor Of Maryland, in his recent Message
says:
The condition andopera,ons of the Treasury or the last
fiscal years under the amended tax laws OF 1856 may be
clearly exhibited BY connection and comparison with the
statement of the preceding year.