New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-02-22

specie.............. 459l3s6 46B,Sss lnc liz 035
Due 70 other Bsrks ?5s,S6 slsSSS Inc .2s, IS IS,
6 SaPs :ss5s s;a IL R EHs s g;
meeting was held q. Pittsburgh on Wednesday
last, in favor Of Mr.. Irish's Pro-Rata bin.
Messrs Raymond & Blackwell have sold 4 lots n. e..
corner 3d-av and 76h-st l02 feet inches fronting
3d-av., 1O5 feet in depth, for $1,000; also 10 lots
on the rear, fronting 7Gih-s each % by lO2 feet
inches in depth, al $50 per lot-Sl5,5OO They also
report The sale Of lots 4. corner Of Broadway and
65ths lJ6 feet fronting Broadway 100 feet inches
on the rear rs feet front ng 6jths and about s. feet
in depth on the north line for 10000.
The Philadelphia Ledger says:
We Learn from Trenton that The New-Jersey SEN
ate have passed the bin to extend the New.Jersey
Central Railroad from Elizabeth to the Iudson, and
also the bill authorizing the construction of railroad
from Newark TO Boboken, the latter being it is said
fr the benefit of the Camden and Amboy Railroad
Company. Ii If stated that the two bills named are
likely TO become iaws. The two projects are III der
stood 10 combine the interests Of both Co npanies as
agns, the interest Of the New Jersey Rstoad. Here
t0lore, the Camden and Amboy Company have de-
feated ST Trenton grant 10 the New jersey Central
Company 10 extend their line from EZabethp0Tt across
Newark Y, Mp toJeTsey City. AS a consideration
for the Withdrawal Of the opposition of the Camden
and AmbOy Railroad Company to the desired extension
OF TIE New-Jersey Central ar. f. A. Stevens obtains
grant for the HOboken Improvement Company to
a. q new direct land Ioute to and from New-Yofk, the
Camden and Amboy will thus be able to use the New
Jersey Central to ElZabethtown building from thence
a separate track TO New Brunswck or else 10 build
separate track all the way from Newark TO New
BlDnsw wick, cutting of the NewJeraey Railroad and
Transportation Company from all participation in the
through traffic between the two cities. The latter, IN
tuTn have hre atened an Independent line Of their own
through from New Brunswick, where their road now
terminates 10 Philadelphia, crossing the Delaware at
NewHope and approaching this city the west eide
Of the liver but with what chance OF success before
the Legislature, we are not at present able to say
Tie Nerark AdvtrtiSer says;
"The bill now before the Legislature will probably
be amended by the Assembly so as TO prevent any dam
age 10 existing companies, and protect the public in
teTests, and then pass into law
This amendment is probably for the protection OF the
New-Jersey Transportation Company, but the whole
movement shows how fully the State is in the hsnas Of
the monopoly which mas ruled ii 80 long.
Tie PostsriHe Miners Journal says:
"a meeting for conference was held in Phladel-
phia on Thursday by representatives Of the principal
coal-carrying companies Of NeTYOrk and Phladel-
phia for the purpose Of harmonzng their interests
The batis which negotiations were proposed, 80 iar
a. W cen learn was difference IN the price Of coal OF
40 cetts tun higher New-York tan at Port Rich
Inon6 IN order 10 make up the difference IN freghts
from Port Richmond aud NewYOrk 70 the East In
making these arrangements, we hope the interests OF
te coal producers as well those Of the carriers, will
be tai en- into consideration, IN fixing grade OF prices
on board veesels at the different shipping ports gen.
eral impression prevails among me producers OF coal
tlst sliding scale Of prices Ought 10 be adopted az
pnIa6e phia the same IS az New-ICfk with the view
on inducing heavy purchasers TO procure their supplies
in the early part Of the season, when tue trade s gen
orally dull
case Of great interest to Corporations which have
a portion OF their funds invested in United ates
Stocks Is now before our Courts. Ii is brought by
tie Commonwealth Bank Of tits City against the Tax
III Ole ,,fiou from
taxation upon such part Of its capital is invested in
Government Stocks and deposited with the Bank
DEPARTMENT as security for circulation The amount
IL question is ,OOO. The Tax Commissioners claim
the night 10 tax the capital OF the Bank without re-
gard to the manner in which it is invested. Should
the Bank be successful in this suit and establish the
fact that corporations cannot be taxed upon their funds
invested in Government StOcks it will be largely for
the advantage Of such corporations 70 change their
investments from other securities TO those Of the United
saes The points relied upon by the Bank to sustain
IL postion are "a annexed. The argued last
week and the points below are from the argument of
tie Plaintiffs Attorney:
Nv eection l. OF chapter 49, Part Revised Statutes,
"The following property shall BIO exempt from taxa
tom
ron taxation by the Constitution Of this state, or under the
Consiitptiou OF the United States"
~ ~ Of this same chapter All oniod o. stock Cor.
orns deriving an income psoh; from their capita othef
s shall be liable 10 Xaon on their eaP'ai In the nAnei
By ,eeoh The President other proper officer Of every
Fnof Incorporated Company shall urnh statement 10 the
soTs OF the smoun the capital stock actually paid IN and
secured be paid "a excepting certain specified knds o.
- section 10 The Capital Stock Of every Company liable
10 yaou such oi shall have been excepted IN
the ION ud by the pTeYou sections o. TN. te
shall assessed and :szsd tie manner az the osr Il
By sec,ion T. Hanliacufipg and Turnpike Conp:1es were
sesod for the OF Their oes to be as5ertned
BY sees o the stock, OF IN any Other nsiner" nm -
p9ey these held IN tas Of Inc bdf o.
Is ss The City Of Utica fourth Of 5s thai corporations
were taxable upon he nominal Of their c4Pl n Il wsi
o1ignss paid In secured 20 Dee paid 1 and without any
ssrd been sscca By iosses OF increased by
accumulated profits o. P!g@
In 1htucery March 4. 1854.
IL H. az act VI passed amend tho laws concerning the
ax ion Of Incorporated c3uP.e By this ae incorporated
Pauos taxed On thsr capital stoct sad ~
profits fund.- Ecceins tea Ictut on tAch capital
Chapter CT Of Lset o. 1850.
Ia 49, an oct passed relation 10 tho asssen; Of taxes
Oh incorporated corpanits.
liable 10 taxation except such pat shall have been OK
s.pteo n tie roll thI HARE ben eeepfed "
& Ss e !, r. e ~, r docng iLs sse'ssd value Of
it, zeal eli OF ock In other corporations e'tue
stock the % ts State shall be ed 81 ' geinat
toec and xod 10 the same manner o the Sthe personal snl
rs, estas County Tins act did Gwiy entirely with tue
pen ~ I'D lie pal ysiUe'' OF n capital ID to
the Bank Act 1919 the Pu1he stocks Of the United States
49, Jsiasfed aud permit. 10 depJs.ed bs-i. for
LsSi 10 the u onohaii OF suoh deposit
m We The British Commercial Life Insurance. Company,
eu corporation claimed 20 DO exempt nom taEaton on tno
49, md depo-.ed bore. aud upon wioh they conducted
sb,"iuess of IN iAsulaaeers because they were non
@ ,sr of iie fnd cspiL dcPoed was In the
sbspc of stocLs cfle L nied states , -. c., ~,
~ ~ isS Il wa decided thai .ks Company under the
90 81 gB wen taxable in their capital OF ilb' uepo,i.ea
- rapuer and the same EXT ~ o. domestic copper
m VI t 80 IN questions; " De foreign computations
sed In more favosbe position IN Iosalo " T.
d % The sassers ar: We thiHs that ooipoI.ons NOT