The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-14

The annual report of the directors of the Old Co
lony Railroad for the year ending November, 1857,
states that the capital paid in is 50 0l5 900; the
funded debt, sl7s,5oO. the floating debt, s29,loo,
and that the property held by the corporation, in
addition TO the cost of the road, is $45S,641 SO.
The income during the year amounted to 1904 ,552.
The whole expenditures for the working of the
road have been $342 37l 25 and it has paid the in
terest (sll 1856 43) on its bonded debts and bills
payable, making in all 1854 ,366 70, leaving a net
profit of $250,l95 As. After paying two dividends
of three per cent each amounting TO $3.50 $685. they
have added TO their surplus fund $50 2s9 46, making
it at the present time 1875, $50 60
The Springfield, Illinois, Journal of the 7th inst,
contains the following statement regarding the two
mill tax and the January dividend
We indebted the Hon. Jesse K Dunois State Audi
tor for the following In relation to the dsribu-
ton Of the proceeds Of the annual two mill tax TO be ap
piled to the liquidation of the State debit
Amount Of internal Improvement (princpaD stock pre-,
Amount Of interest bonds presented S4S a.
Total amount Of tax to be distributed 62ss4o ss
There is question now pending before the Supreme
Court whether under the constitution the interest bonds
which have presented in the distribution
The is in the nature Of mandamus brought by the
Bank Of Bloomington the Auditor If the Court de-
ciss in favor OF allowing these interest bonds to come
So per the total amount presented decides
against them the rate will be increased TO G5 per cent
The Court will probably decide the case to-day.
In 1856 the amount Of the two mill tax was about
$3.50 000 the bonus presented 70 the Auditor amounted
TO 81 800 00o and the dividend 81 per cent Last
year the tax amounted 10 1898 l60 25 the amount of
stocks presented 81 269 l23 05, and the dividend
about 40 per cent II will be that the amount
Of bonds presented is decreasing every year This year
If the interest bond thrown OUT the amount will be
much smaller, and the pro rata very much larger than
before.
At annual meeting of the stockholders OF the Allan.
Ii, Cotton Mills, Lawrence, held In Boston on the 18th
inst, George W. Lyman, John C. Lee, Francis A. Gray,
Ignatus Sargent, Thomas H. Perkins and Henry Satonsta
chosen directors; William Gray, treasurer William
to examine the reasurers accounts the value Of the
ccmpany's property, Nov a. was real estate. mills,
boarding houses and machinery, 81 ,57S 5Se; cotton
hand S27 1885, other items, goods hand, notes. &C.,
making the total assets 81 800 0S1 The credit side is made
10 balance includes 81 900 capital s325 coo bills
and other items According 10 the treasurers report,
the profits OF manufacturing during the six months end
ing May Q, 1857, S77 05o. The loss manufacur
during the six months ending Nov H. 1857 S32
l43 Difference, (being the net profit OF the year $4a
etT From the first six months dividend OF per cent
paid amounting s72 600 The debt Of the compa.
ny Nov IA S55s 242 Its assets personal pr perty
exclusive Of machinery and mills $7s3 3l4 Leaving
1925 072 beyond the mills and machinery quick capt.
tai The beyond the capital Nov a. 50 655
ing interest," and since the LIST Of March, 1885, Of
about 81 250c coo worth Of goods sold, the imperfect
goods returned have not reached 500 in value.
The report of the Lehigh Valley Railroad Com
pany for the year ending November 80, 1857, gives
rather favorable exhibit of the companys finances
The receipts and expenses were as follows