New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-03-17


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The net earnings Of the Galena aud Chicago Railroad
Company for the year ending Dec 81, 1852 as shown
by the annual report just distributed, were sS7 or
nearly 5 per cent the capital stock of the Company
From this was paid for the second mortage Sinking
Fund the sum of sos S62 leaving for the stock little
more than 3 per cent The debt Of the Company was
reduced $l09, 600 by this app icaton to the Sinking
Fund, and by the further sum of siO,Slo 70 paid on
account Of Litebfeld Bonds making total reduction
of debt Sl5 49, Taking this as the result OF the
moot disastrous year In the history Of the road and
regarding it, as We may reasonably, as the m'ni-
mum business Of the line, there Is nothing In
il to Justify the gloomy views which many are prone
TO indulge in unless we willing to admit that the
Western country is in condition of hopeless decay.
To arrive at this unhappy conclusion ia to ignore the
existence Of resources hitherto paraded before the
world as not surpassed the face of the globe and to
deny the recuperative powers OF people noted ior
great energy and enterprise. IT. according to popular
ideas, the West Is and has been suffering from the
troubles Of 1861 and the crop failure which To-
lowed /. ia not the time to despond when
matters begin TO look more promising, even II
the recovering process is a slow one Inc
practical question is, have we passed the hardest
points in that section Of the country The eTdences
are that we have and although there are contingencies
in regard to the crops, which always exist, gene
rally admitted that cheerful tone prevails, and
that prospects look more encouraging. The Galens
Road in this point of vew Is entering upon year Oh
at least moderate revival in business, not OF decline
In its financial condition. the Company has been much
improved since 1861 and the report showsthst care has
be, n taken to keep the road in good working condition
The business of the Clearing House to-day was s2i,
csc, COO. The mail-bags for the steamship Gla9gow
close tomorrow at II o'clock a. M at the Companys
tf6ce. No. 10 Broadway. Another sale Of sSO,OOO
y cent Treasury Notes has been made at cent
prem. In money there ia no change to notice.
The rate on Flour from Cincinnati to New-York and
Boston has been reduced as folowe
To New.York. To Boston.
All rail. 10 VI
Rail and water.......... l 90 10
This ia reduction from the Burnet House schedule
of5e y Dbl to New York and lO,. to Boston, by rail-
The alrail rate to Philadelphia and Baltimore remains
for The pre- 81 to the former, and GOO. barrel
TO the latter.
Geographic dispatch from the general freight agent
of the New York and Erie Railroad gives the follow
ing rate of freight adopted Monday, March II, by
steam from New-York to Cleveland, Sandusky, and
Toledo: On lst Glass; 9Oc.; I'd, 72c.i Sd, 55c, and
itb, 3Sc.
dispatch from Baltimore states that the last rail of
the connection between the Baltimore and ONO and
Marietta and Cincinnati Railroads was laid at Depre,
opposite Parkersburg, on Wednesday. Nothing but
short convenient ferry by steamboat now separates
Baltimore fom Cincinnati by this southern and short
line OF railroad.
proposition was presented in the Ohio Legislature
lsst week, by responsible paies, to ea'e the entire
public works Of tho State for ten ears all the re-
pairs and supervision subject to the direction of the
Board of Public Works, and pay the State 10000
year rent the rate of toll not TO exceed the tosheet
Of 1853 AMI the privilege OF navigating the canals to
be open to all.
The Ckicago Press Of the 18th says:
" The weather during the greater part Of the week
has been delightful-waFm and dry-and the farmers
throughout the Northwest have made great progress
in their Spring labors very large amount OF Spring
Wheat has been sown, and sgrcplturists look Tor ward
with encouragement because Of the fine weather. The
roads throughout the interior have also improved con-
duce have been more liberal. During the week the
Illinois and Michigan Canal has been opened, aud bus-
has already commenced. The probability is how
ever, that we fhsll not receive much Corn by that
channel till navigation the lakes is o1en and ship
ments East begin to take place."
Messrs. Raynor & Blackwell have sold four lots
south side Of Sixty sixth street, 375 feet west OF Eighth
avenue, each 25xlOO5. at g 900 lot, $4,000. Also
four lots east side Of Tenth avenue % feet north of
Ninety eighth street, each 25xlO0. Also gore adoin-
ing NORTH feet inches on Tenth avenne, feet rear
100 fee in depth; the whole for s., 800 John McCave
has sold one house and lot On the south side Of Thirty
seventh street. three stories, high stoop, brick 'front.'
between Seventh ard Eighth avenues, for 81 ,2jO
Also, two lots on the south side of Northumberland
Foriy-Inth street, between Seventh and Eighth ave-
nues, for $500 y lot.
The condition of the New-0rleans Banks on the %
was as follows: