The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-01-30

The Pacific Mail Company is said to have sold
to Flint and Holiday six boats, comprising the line
from San Francisco to Puget Sound, for $3.50 900,
payable in instruments of $40 900 per month. These
boats are: the Cortez, Fremont Sierra Nevada,
Oregon, Republic and Panama, which were esti-
mated in their last November report among the
assets at s593 500 The loss on this sale from the
estimated value is s343 $780, leaving their surplus at
$4,000.
private letter states that Missouri has deter
mined to pay the coupons on all her bonds, with
out reference to those stolen ut Washington. II
is also stated from another source that the fede-
raj government will be formally requested by
Missouri to reinvest the indian Trust Fund in
Missouri stocks to an amount equal to the stolen
bonds simply as an act of good faith to Missouri,
which has spared no exertions to maintain her
State credit.
The following communication on the financial
condition Of Tennessee was sent to the Legisla-
ture on Wednesday by the Comptroller
COMPTROLLER olrrcg NASHVILLE, Jan %, 1851.
Hon. w g. WHrT1oRsE, Speaker Of the House OF Repre-
sentatives-
SRI have to day received the JOINT resolution drec
tory the Comptroller figuring as to ,he condition of
the Treasury existing and current engagements
whether any railroads havo tailed TO meet their present
January interest and should they fa to meet their July
interest what means the Treasury HIS To meet II.
The balance now in the treasury s...... $l3,l4o IL
Revenue due reported 10 Attorney Gene
raj for collection. S91T1 50
Revenue due tor 1860
From revenue collectors .0s 612 40
COUNTY Court clerks Observation-Disclosures. 5l20 -
Chanecry Court clerks. 1927 %
Making due tho Treasury s3s7 $40 Fl
This amount would have been increased $500 900
4 the Bank Of Tennessee had paid ato the lresury its
ns, however II has paid but $50 asl 81 withholding the
under the act o the 9th Of February 1850 chap
ter section alleging that $lo3 49, sc bad anf
douot al debts contracted under former adnlinstra-
OF the bank and that 300 05 due " the
bark as credit according to the late Presidents report
made To the Log stature, October 3, 1859 Without init
ting discussing the right Of the tauk withhold these
profits only say that rs long II uots cannot
be relied upon a source " to IN ,ct the ordi
nary expenses 0. the state the 900 autho
rized by section Gas, sub section VI the Cone be dis
ributcd 70 the common sohocs, II the bank either fail
10 make pay It's profits, Assuming, however
that IL will for the sent pay It's aivn,ends INTO
the Treasury and that the Legislature will not suspend
the prompt collection OF iEo revenue. aui that the
balances viii be pad the ordinary revenue to DO
collected ought to me-, the existing and Current expenses
% the State. It true the revenue for the
present year win be less than for the last, under
The financial and political troubles impending over us
the assessment OF the value of the taxable property u
the state will be below that Of 1860 which was
s3al 023 Sill aud to that exen, will diminish tho revo
nuc be collected. There Will also oe further proba
bic reduction from taxes on imported goods But should
there DO a deficiency OF revenue to meet existing and
current Of the state before the next meeting
Of the Legislature the Bank u TcDnessee Dy sort Of
common law and tho state usually heavy deposor
AWAY houors the checks OF the Treasurer aai has as
sured the executive officers will continue 70 do 80.
however extraordinary expenditures or app oprati0ns
are made during the present stsson the legislature VIII
no aobt levy order loan or Insurance Of bends
or provide other to meet them. Tho gencd and
kentuckv, and the Winchester aud Alabama tw, short
ralrc ads unfinished N their connections to their
Original tcrnu, have failed 20 meet their January int
rest They the hands u receivers appointed
by tie Coz eruor for the benet of the State undcr
4 4 |
TO pat the interest Tor each OF .hsn-lor tne urst
iucuding exchange, s.a1so 49, ana for the last, also
tnclt ding exchatg &c, Siaaog so have asJ bcc9 mott
ned hat the isnuy interest has not been met upon the
$3.50 NemIhi, bonds endorsed by the state Tor
the b,ncbt a the Mcnph,s ana Little Rock Rliiroid
have dected the upon them ~ 70 iai IN the
CIT III New ycik interest ard exchange amounting 10
1le G05
II ~ the railroads the state fall 20 meet their July
interest IL not ptcsumcd tho treasury would hare the
means a. meet ii, but 4 80 improbable contingency
occur the state would take CHI rye ~ thu roads, aud
should draw under section 1906 upon ha treasury, aud
The rank 81 tennessee without dunbt would urnsh tho
MONEY trusting 10 the Legislature NJ OGtorer o. protect
Il q, a the hono' the state. The interest dle ncxt
luly upon St2 ta Oc0 o. bonds loaned g. oolis will
BE- $sGh 40 Il 10 this ~ aided the nttfcst hem
mon the 20 3Gl OU0 Of bonds eud0scc b, tn tate FOR
tailr,ads the whole aauInt would be St6 10 have
head no spprct expressed that the gtr ADD
nnighrd To0ss would tau ~ meet their interest. bat
should ,hry ~ ut doubt hc state wo1ld promptb
pai H I, DUNLAP.