New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-05-05

increased the raad account has been slightly induced
earnings. ss7o as g. deSited a. follows;
Ordinary eSEen'e., a. y statement
State az cent 90
Lose, in reParch,sns incoUno bond. ssss
Ssiancs Of prof, and o.. ,ccoapt transferred partly
to credit Of income bonds towsrd Losses on future
purclsses ard partly TO property aocountsto cover
depreciation ~"
ACKNOWLEDGEMENTS. ssros6s q
By this STAT ment Il b. that the balance Of tbs
ins which remained aet deducnk expenses and later.
c. We, $40 as o. EQUAL to y cent on the ~ .
p4s d :. ,fc Tesn on the ssO .toci and boOS equal
bs . incurred in purchasing inoons bonds .nd rr,evia
$4,000 Dividend OF 10 the balance Of the
Do@H p p a.. 't to h dueou X vs sSosns .
Of the policy Of keeping down the cost OF property
To represent the net earnings absorbed in tho reduction 81
bonded and ether indebtedness dividend Of 10 cent has
declared ard paid BY addition of $4,000 10 the csp
stock
by further ISSUE Of $4,000 and thus provide TOD the balance
Of the ncooe Bonds 1t rot necessary TO pay these scod:
beore the ne, earnings Gro their Hen b.
,Pps cash dividends 4. safe TO assume that OOH
Many boIeers q Of the ar. series 100 oool Of tho
applied 10 have bonds extended % years from tina, date
will BE- made in the FALL whether % allow ,ah TO b
thc Board have authority TO 'sael and to pay them o.
The Board incline to the latter course but many 81 The
sockhode. recommend the extension as eudns 20 keep R
dividends II it decided 70 renew the bonds the option VIZ
D.. holders either extend receiving
Coupons. sen their bonds parties ready buy them 81
par ard extend the time
The Boston Transcript says:
FRyIcHrs To THE WEsT.-Tbc Boston and Worccs-
ter and Western Railroads have generously sccedod
the policy 0dr,sed by the Board Of Trade, and have
made reduction of about 10 v cent 10 the rates o.
freight westward over these roads. Our merchants
cannot fail to appreciate this liberal conduct, which
will doubtless tend To the general prosperity ot tIe
business interests OF Boston.
At the annual meeting Of the stockholders Of the
Lehigh Coal and Navigation Company, held on Tues
day. the report of the managers was read The mes
earnings of the year 1853 were $33,s6i 5o-belns
nearly II y cent on the capital stock-wbich is2P
cent better than the previous year. Total decrease
of the Company debt in the year 1853 $354,977 &
Mr. Jacob y. Jones was elected Manager, in place
of Mr. NJ. ID. Lewis, who declined a reelection. sad
Edwin Walter elected Treasurer in place of the lste
Mr.. Ammidon.
The assignee of the Lancaster Bank, Pennsyiv saias
which failed some three years ago with an OUT
standing circulation Of $500 0O0 reports that the
notes will be utterly worthless far as the assets d
the defanct Bank are concerned which will hardly re-
aze enough cash to pay expenses. The only chance
for bill holders is 10 enforce the individual liability
sgaiust directors and stockholders who he says ere
fully able and responsible 10 redeem dollar for dollar.
Some Of the blhoders have determined 10 prosecute
accordingly.
The capital stock of the Revere Bank, boston, hiss
been paid up. Tho bank will Immediately dominance
the transaction of business The Hon. 8. II. valley
is President and J. w. Lefavour Cashier.
The following banks in Philadelphia have just de-
clared their semannual dividends:
Phladelphis. y cent; Farmer and Mechanics cent.
Commercial 81 cent? Mechanics " cent Liberties,
cent; Southwark, 10 y cent kensugton cent Penn.
Township. Y cent Western, centi Msnutscarcr' aae
Tsdemen' cent Consolidation, v cent City, y oeets
Commonwealth, " cent
One Of our Western exchanges says:
The Legislative Committee appointed 10 prosecute
the investigation of the frauds alleged to have been
perpetraed upon the Canal Fund OF Illinois have rc-
ported in part The facts elected are thus c0nprossed
Josiah McRobets Canal Trustee handed over to Joel A.
Maon then Governor " illinois, large amount Of unoanosisf
Nothing hesrd Of these checks teresss
until they presented by Mattson at the FUND Comma
ons Office for tbs Of getting equivalent amount o.
The funded by aste.on in the name Of vsnow
and undy fictitious though he or Ids agents received thu
The modes. of tz 600 taken OUT Of tho ssso -
mae.ou got the money but he fails 10 recosct wbsrs 10
g. Neither Bsse any other Of the State oeesths
Coh who hsd also been Mstesous clsk,
alone excePied-knsw anything Of this business
We extract the following from WIN. r. Wright d
Co.'S New-York Cotton Circular:
ExPoRrs-Ths rapid ele.sness Of ships In New 0saaA
bales for and Increased tho last year -
2 bales and lsG to ~ bales To France the enpon
Price deducted so for the VI the .hip Benz
burg which pI bach dschsrzed and had her cotton partly
foreign por bales hss CLEARED against tho Amouns
last year. ..,
the Ia: Of sspismb.r last compared with The previous foa<
Jesr; 49,,