New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-01-20

The foO-frs dIPo'iaoa has been usa" Of TIE
Paid in nst on ssc 40 3D., i
Paid lu,ere., % ineor,s. no,s. Ne; IA "a
Pad Of ~ :. ,ax >,
Pld taxes TO SiAts...........'.'.''''' -'o'A -
B..aoe ,qr. to 81 cent OF stock s2oOo'c) $3.50 IS
sOf this balance there has been spPled to the re-
denption OF $4,000 lneome bonds slci,eoO' less
s6J0 loss in r.de- mre $4,000: expended on per
maDeLt accounts, SOL u.s. aud the remainder, slo,-
$50 20, is cs,h on hand accounts paysble.
The first weeks earnings OF the Rock Island Road
were about 81 600. The second week on the Mich-
gan Southern shows falling of Of OILY abou, $780, s.
compared with the same week last year.
TIE circular OF Messrs Stout, Cews & Mason says:
We have no alterations 10 note in discounts; the
low figures previously quoted still continue to presa.
Tie supply however, has somewhat Increased duri5g
the past week which Is principally owiog 70 the rates
ranging lower here thsn IN the nsighboring CITES
thereby csuirg the flow Of trstc class paper to come
forward for negotiation that bas heretofore gone into
other channels. The mooey market remains exceed
pgiy easy as well dull; temporary loans are freely
offered At 3, al cent on prime couateras. we
quote as follows:
Iosp. on call on prime c,l.rrsl'...sq gcent ,nunun
Leans call on good col, cen, @
Prime II paper 4d6 Uontls..id2 Y cert z anoun
T,e,, air a. ssn .O opa@
Ssme, lee. y ecu; = apnan
We are authorized TO state thst theie Is no founis-
ton in fact for the report of any existing difficulty BE-
tween the Pennsylvania Railroad Company aud any OF
the our lines bracedin the compact entered into 10
October last.
The best evidence Of the comparative business of
Philadelphia and New-York is found IN the trsnssc-
tons Of the Clearing Houses. At Phdsieiphis the
clesrngs range from sl6OO00 900 to 100000 oO eSch
week, while at NewYcrk .beyrsnge from $40 ccO,oOO
TO sI25 GEO. OoO The bank losns a. Philadelphia are
100000, snd in New.York $500 600. The
loans Of the Boston banks are more than twice as
great as in Philadelphia say s6O,0OO,OOO.
contr set has been entered into for one year be-
tween the Cincinnati, Hamilton and Dayton, and the
Little Miami ard Columbus and Xens Railroad Com
panies the former agreeing to take no ffeghis for
Columbus and the latter none for Dayton.
The fourteenth snnual report of the Directors ofthe
Providence and Worcester Railroad for the year end
ing Nov. 30, 1853, hiss heen made
The statistics for the year al follows: Total To-
come, $40 4O2 g. total expenses, sl6OO51 %, net
income for the year. sitter deducting interest on bonds
lslS.0l5 sos, lSi 04. The totsl permanent invest
meuts and resources of the road amount to 81 7 3b9
IL hes paid regular m-snnual DIVIDENDS OF cent,
and the Directors believe that the report of the coming
year will show considerable increase in the business
of the road from the revival of manufactures.
The Trustees of the Wabash and Erie Canal have
submitted their report for 1855 The result OF the
years business shows deficiency of 5000 as COM
ps ed with the cost Of maintenance This result was
increased by the extra damage done to the csts by
the great June floods which also Interrupted the nsvi-
CATION for nearly ninety days. The deficiency for 1897
WA about fifty Thousand dollars The estimated out
lsy for repairs and expenses of maintenance for the
wear 1859 is about $l55 900, of which amount about
sg3 900 will be required in the southern division, be-
tween Terre Haute and Evansville and the balance Of
So 600 between Terre Haute and the State ioe.
Allowing for considerable increase in the tolls aud
water in 1859 over 1853 still the deficiency Of To-
come to cover the expense Of maintenance, would not
be less probably than s75 ,000 The Trustees hsd
hand on the let December, 1853, Of available cash
means, a balance of s2i 000-which has been re,rly
exhausted in 'etrg up accounts to the lst of January
During the Winter there is no Income arising from
tolls the canal is closed and owing TO the reduced
quantity aod quality Of the lands on md, very little
can be counted on from that source. The Trustees
have moi therefore, the means of opening and main
tanning the navg alton of the Canal and they have co
expectation Of receiving enough from the tolls and rove
nues of the Canal for that purpose. The great de-
cline in tolls and the ruin Of the Canal revenue
measure, IS a consequence, In the opinion OF the
Trustees OF the railroad competition. For the year
ls5 the tolls amounted TO s92 400 and had increased
ulary from 1916 up to 1872 both inclusive at the
rate Of II cent y annum, which rate of increase,
if continued up to 1865 inclusive, would give for that
year 1868 600. The receipts at the Fort Wayne office
alone, where the incoming goods were entered aver
sged for several years previous 10 the opening O the
Wabash Valley Road, about $6j, 600 per slnum more
than the receipts from the whole line Of canal for the
last two years. Since the opening Of the railroad the
receipts at that office have averaged about sl50W
annuIn only. The receipts at the Lafayett3 office,
which was the principal exporting Office for corn,
wheat pork, beef &C., amounted ia one year (ls13i
to $4,000 and for several years previous to 1850
ranged from $tO,O TO $4,000 annum. After the
opening of the railroad the receipts At this office were
re duced to about 900 y annum. The railroads
compete at every point ana trough all the region vi
country otherwise tributary 10 the cana! for trade;
and experience demonstrates their power and success.
The Trustees say that unless other provision be
made for the support of the canal, they have no
s sns IL must necessarily be left 10 go into dec and
ruin snd the damsge to the whole region VI country
through which it runs and u the people along the
lDe wl be reparable. They allude TO tue great
property interests which have grown up under and in
connection with the canal during nearly twenty years
that the larger portion Of it has been in operation
such mills, warehouses, manufactured, boats, &c.
IL is obvious that the bOndhoders have longer any
interest in the working maintaining Of the canal, as
il has ceased to afford any net income and that ac-
count longer regarded az security, and the re-
port is accompanied by communication TO this effect
from the bondhOlders. Inc Irustess therefore, SUD-
nit the subect ~ the Legislature for their action in
view Of the interests and welfare Of the State and her
svn citiz.ns.
The Boston Post SAVE:
"Witnoat being able 70 chronicle any considerable
change in finance and business, from week 10 week,
We are able to say that the signs ami opinions Of the
time continue to be highly encouraging. Both in
Great Britain and the nec States The aspect Of affairs
in ica.s large business atoms at least for
large busiLess in 1873. Az 70 the city
TRADERS the feeling il good. Many of them Of AZ
brsnches and both wholesale ard retail dealrs have