The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-01-25

gsaranteed, 321I . 80; Panama, ia ll6; Illinois
Central, sos 81; Galena and Chicago, 72L a rs;
Cleveland and Toledo, s4s4 a IS; Chicago and
Rock Island, 571<a1 "a; Chicago, Burlington and
Quincy, 70 1921; Illinois Central bonds, s5 a97.
1t is understood that the House Committee Of
Ways and Means at Washington have called on
Mr.. Dix to say how much money the government
will want before the 4th of March, and how much
before the LIST of July. Mr.. Dix is understood TO
have replied that the government win want no
more money before the 4th Of March, unless the
receipts from duties should fall of unexpectedly
hut that about $2O, 900 900 over and above the or
binary receipts will be needed to carry on the
government and meet maturing Treasury notes be-
tween this and July l. To supply this deficiency
the Treasury Department have the right to issue
$l4 100000 Of per cent stock, under the act OF
1860. II is believed that Mr.. Dix recommends the
passage Of an act authorizing new loan, to be
secured by the deposits Of federal money which
were made with the States in 1885, In that year,
there being surplus in the Treasury, s2s 900 900
were divided among the twenty-six States then
constituting the Union. New York received
- 900 900 for her share. Mr.. Dix thinks these
deposits would prove good basis for new loan.
The earnings Of the Galena and Chicago Railroad
are js1ffying the directors Of the company in de-
claring the large dividend which created 80 much
talk q few weeks since. The gross earnings for
the first three weeks Of January amount to $73689,
against SAL 1921 for the same three weeks and
$60,652 for the whole month Of January last year.
In January this year the road will probably earn
sos 900. The country drained by the Galena is
full OF corn, and has large amount of wheat still
on hand. For the first time for three years the
road begins the year with fine freighting bust
ness assured. Like all the roads Of Illinois, the
Galena is also going to have fair passenger
traffic--a source Of income which has been closed
since the crisis of 1857. The pending political
trouble does no harm to the Western roads
The Cunard steamer arrived to-day at Halifax,
with 81 $50 900 in gold Cotton is reported better
breadstuffs quiet the funds steady. Details of her
news will be found in another column.
The suit brought by the Attorney General Of the
State against the New York Central Railroad Com
pany to recover several million of dollars for canal
tolls upon freight transported the road of the
company, came on for trial yesterday at the Or
ange County Circuit, held at Goshen, Justice
Brown presiding. A Jury having been empaneed,
the plaintiffs introduced their testimony, and after
abandoning that part Of their claim which
arose more than six years prior to the
commencement Of the suit, and also all
claim for toll upon way freight rested their case
whereupon the defendants moved for non-suit,
upon the following among other grounds:--First,
that there was no evidence before the Court and
Jury from which canal tolls could be computed
upon freight transported by the defendants in
their liability to pay such tolls was established;
second, that the act Of the Legislature passed
July TO- 1851, abolishng tolls on railroads, was
valid law; third, that oil laws imposing tolls on
freight transported from to other States by the
defendants in violation of the constitution of
the United States and were therefore void. After
argument by counsel for the respective parties,
the Court granted the motion and dismissed the
complaint. Attorney General Myers, Comptroller
Denniston Auditor Benton and Deputy Engineer
and Surveyor Perkins were In attendance on the
part Of the State. Hon. A. c. Paige, Hon. l.. Ire
main and Treasurer Wilson appeared on behalf Of
the company.
The Milwaukee Sentinel thus remarks In relation
to the late foreclosure sale Of the Milwaukee and
Mississippi Railroad
The sale, under decree o the United sates District
Court, wipes out the old company, and, under the
wsukse Prairie du CHEN Railway The terms Of the
reorganization under the law Of last winter were fled
~n snS asys w Se % new oeSsGrs
Schan, John wilkinson John Catn, Hercules 1. Dous-
man, George Smith, N A. Cowdery. The management q
the road continues Cor tho present a. least without
change.
The Philadelphia Bulletin Of last evening thus
notices the money market Of that CITY,
The general aspect Of the money market has varied
but little, and the limited amount Of FIRST paper
offered outside e the banks 10 readily taken a 10 por
cent and names not 80 favorsby Or well known II
can't Second class and renewed OBLIGATIONS generally
looked upon with dstrust and difficult to place much
higher rates There no improvement TO notice IN
camille circles
The Chicago Tribune of Tuesday sayss-
Exchange was BY no means active to-day Tho our.
round lots could be had by customers concession Of
kca 40. below the regular price, Tho impression To-
day that the nns weather will induce an active trade la
pork and rates will be likely 70 come down. Buying
price axe alAc. The money market continues TO be
abundanuy supplied.
The Milwaukee Sents,e, of Monday remarks
Our local money market sti continues Close but the
supply VI Eastern exchange better and the price per
cest lower than at the close Of last week Thursday
the banks reduced the selling rate 70 per premiu
but our merchants delaying remittances In hopes OF
further decline, 1t went down 10 per cent Friday,
and that the current rate The buying rate for
has increased the demand and during the days
remttanccs have been quite liberal The offerings the
street were considerable, and good many awaited them
selves Of the opportunity thus Afforded to purchase
per cent below the rates charged by the banks.
has been pork packers apparently being
the only parties
Annexed are the annual figures Of the Sixth
Avenue Railroad Company for the year ending
Goth September
Capital stock $4,000
Cost OF road and equipment
By last report. ST. 800
by present report. 9t6,o90
Expenses OF maintaining the road. ...... S32 loo
Expenses Of repairs and maehinery...... 26,ss3
Expenses Of operating the road. ."...... 7s,647
Earnings. ....................... aeea45
Payment--For transport, ation. 26l COS
for ulVueuOh.. pU,WO
To surplus fund ACKNOWLEDGEMENTS. S,2s6
800 GAS
The following Is the statement OF the Bank 81
the State Of Indiana, November IL, 1s6O:-
Means