New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-01-31

| BAhHih6e
Total ordrary @ILl66
1osi entomology erp-sees l,9sl
~
Total expenses. sS.Sss u
Total H,54 q
Net earning. for the month. .............. SsFT4 q
| The January receipts at the Illinois Central Road
promise to be about $4,000, agaIoss $i3J,OoO ID
1859. The freight carniogs Of the road for ,usary
For ,nrrs January 1860 @Sli II
Increase over whole month l8Js......."..Sh4It q
Increase ossi three weeks lSSe.......... fsVi "
When Ii IL considered that this large increase 10 the
freight esrnng- is from the local traffic OF the rcaf
the result must be gratifying to every frieod Of this
great railroad enterprise. Tue Illinois Central Road
bus never had such aa local business as at
preseLt. It VII so bs a satisfaction " know that
tbe road is doing a large transportation bnsiue-s.
Freight from tue East and from Chcago, for Memphis
ana New. Orleabs and intermediate points has ht1-
erto found It's way to 81. Louis and heoce by steam
era 70 the South; bat through exertious of the
off ers of the illinois Cettrol, snd by ther unrent
ting ntion to tLeir business tue Carrying business
is extensively done The Illinois Central Road
| ~ Cairo.
Tie third week in January on the Wabash Valley
ROAD gives sll $50, witch is bet err
LUG Jus Hfbo VI no tlOnhc tOBdJ wac SNtj
957 ISL. The interest coupons on the let mortgage
bonds of the Central Railroad of New Jersey due Fec.
l. will be PAID that cay office of the Company,
No. CO Wall street The Nassau Bauk OF 8tooklyn
will ply It's FIST seui.snnuaI dividend "A y cent? on
Feb. |. The coupons doe Feb. | toe let mortgage
bonds of the Cleveland Pa'nesvilIe a,d Ash,aoula
Rail Dad Company, will paid at the Ocean Blok
after that oay Attention is asked advertise
.nti in colin of fha Rrtdreo,rt W.ni.u
Mills for saie or to let.
At the annual meeting of the Damascus Steel and
Iron Company on the 26h met, the following gontle-
men were elected Trotters Israel Minor, Hoses A
HopEock, Wa. Pearsal, F. w. AIleo, WIN. aicbok
Alien Hay, Samuel Churchill, 5. Congion C. Il. Cur
ill., Islael Minor was elected President add s.
Churchill Treasurer and Secretary. This Company are
now in successful operation manufacturing cIst-etee
and have Just ADDED $780, 900 to their caoh capital.
In DOR ment few day .uce Of the coad ton of
the Har,m Railtosd the floating dett which existed In
1855 was Inadvertently published exiting Ia 1859.
The road has no floating debt.
IL Money there is growing ease, and favorte c)l
larerals there difficulty in obtaining loans AT 96
y cent on demand. Paper of lsadIDg is
abundant in the discount houses continue
work easier. Some single maturing III June
was passed To-Day at p cent and acceptanceS 90
freely st Cas- y cent. Tue amodnt OF bids here for
The Governments Loan to be awarded tomorrow OK.
ceeds the amount Ieeded. bid foi tue whole amount
viii probably he made at Washington. Tue Execu-
tive Committee OF the Michigan Southern Railroad
Company ave decided to commence the payment OF
the overdue Coupons the Let Mortgage Bouds Of
tnstIosd on the 18th March The Coupons matured
lat November, 1859.
In regard to tie indianapolis and Cincinnati Road,
Tee Cincinnati Enqu"er says:
The fiscal year of thus road Gods the LIST OF Jan
nary. Tie earnings vi tue year 1888 were ABOUT
$i49t 100. The Ieco,ps OF 1853 ,h3w ial'lnS oil Of
teTbaps S5 w. Tue priuc pal Tor this den &c
10 found IA fact tue previous year exhibited
failure ot tue Corn crop OF INDIANA tue
great staple VI the inward Ireights OF course, as
natural consequence there falling oil IN The oa'-
ffeig IL, demand for uierchauiise ADD maud
f4c,us.d ARTICLES beng corespondngy iesseBel oy the
ability oi the usual purchasers 10 pay. Hue local 0ds-
LETS lell of iD corresponding rsuo.
80 II seenis have been tue policy OF the manage
men OF the road to maintain Ito position as leading
line TO the North west. Within tho nest two Or three
years there be desperate struggle OF the several
railroad. Tor the supremacy, and the roads Which mao
tam themselves Indep ndeut position can al ways
control lis connections. Ia such position We regard
Tue Indianapolis and Cincinnati Road. Toe man tge
nebt has slven much attention ~ It's focal traffic, fos
| tepng ana encouraging hltle towns along the lIae
aid developing The OF tue country rs lar as
| possible. Inc may 10 regarded perm iueDt In'
We stmeDt, and will eventual yield han iSome re-
turn, aud Will pay more than dividend just at pres
ept.
1.-THE future of this road is encouraging. Nothing
retard lts permanent prosperity. IL Is 10 good
III Iot better oond Llon any road III tue West and
what 10 shli better, the local management has Cue
confidence tue directors aud the sLockho ders they
conndeuty believe tlaL If they do lot Receive CIV
ldeBd to-day, that the money been judcousy aud
fully expended and That the return IN the fd.use
" II be adequate To the most sangulne expectations
As leading lie out vi our -tropols hei tndiA s1)s
hno CIDclLDatl occupies Important position, aud
year hence Will DEFY all competition. Our own OBJ
teHalion during tho week past Justies tins strong
EXPIRE eICn II opmon VI its tuturo prosperity. We
speak bet We believe, aud time wdl Justify tae un-
qualified il dorsement Of tue .nsgemenL Of this iGl-
IonaLl TRIBUTARY 10 The trade Of Cincinnati"
The weekly statement OF Bank averages is unex-
lectedy favorable s.owiog contraction of loaus
with a large of the specie Tue
in money curing the week bad led 10 tue anticipation
that The Banks would again show an expansion. The
principal rsction has been IN the American EX-
cbapge and Shoe snd Leather while some OF the Banks
have considerably inc. eased their l,aos. The specie
lice is sgsiu go GO,UU0 apoiut bsow which
il stood the second week OF December aud Is
SUGo GO above the owe,t pout since that tiue.
In posts there mpo change The Southern
and Western balances have been drawn do Tn freely
curing the week, but undeiStai d, are again ia
crtasDg. The comparative igu'es with the previous
week as follows:
jan o. Jan@
sHs,s4ossl sI29"s.e26 Dec S7sIsOs
Specie. ly,<534i 2OObc, i39 lno. B3J 245
Deposits...."...... 769S0ssl 76sis,o2S Inc. 1913
$50 81. L.