The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-07-26

The Boston Traveller states that a circular has
been received from Secretary Chase to the Boston
banks, asking for loan of five million dollars for
sixty days, at six per cent, and was at once sub
mitted to the officers Of the various banks, assem-.
bled at the Clearing House. The Traveller ssys;--
proposed and the proposition will doubtless be
ceped by government that the bidders for the temporary
$3.50 900 loan about to be issued at the
market rates Five Of the banks subscribed
Six hundred and fifty thousand dollars of the oan and the
rest will be forthcoming when the formaty Of vote Of
the various boards.of directors las been obtained.
The Albany atlas and Argus brings us the fol-
lowing important decision in favor of the New
York Central Railroad
The People the State Of Ne,o York he Ne,D York Central
hd'road action was brought by the Attor
ney General TO recover about five millions Of dollars for
past tolls and to establish the liability OF defendant for u
ture tolls on the ground that the act Of 1851 releasing
railroads from the payment Of tolls, UNCONSTITUTIONAL
The tried at the Orange County Circuit and
suited in the dismissal Of the complaint An appeal
taken by the Attorney General the General Term Of the
Supreme Court which deliberately argued at Pough.
kecpse by Attorney General Myers for the plaintiff ana by
Messrs Paige and ircman for defendant The unanimous
decision OF the Court has been pronounced affirming
the judgment OF dismissal rendered at the crcnit very
able opinion of the CSurt delivered by Mr. Justice
Emott covering all the grounds in the cause, and fully
sustaining the Of the act q 1851 We hope
to lay this important paper before readers will be
been presented the legislature by Attorney Generals
1Teman and Myers, the former affirming and the latter
denying the validity OF this law.
The Cleveland and Toledo Railroad earned the
third week of July:-
From passengers. ............,.. $3.50 1888
From freight Recommendations. 1872 1896
Total .sI1, 64s 1868
increase. 2oo
The Galena and Chicago Railroad earned the
third week of july
Third week, 1851 $3.50 $40
Third week, 1850 acknowledgements. 1852
increase. SIS 58
The aggregate of the three weeks is 500 ,946,
against 1898 last year.
The following shows the business of the Rhadel-
phia and Reading Railroad Company for the month
Of June, 1861, as compared with that Of 1867
1860 1861
Received from coal 4197 907 81 215,1S1 20
" merchandise. 4s,0l5 20 1923 60
travel &c.. 32,346 90 20 ,066 AZ
Total. :. =. 49,. .s278, 200 So 27o,O0l 81
transportation, roadway dump
age, renewal fund and all
charges. ACKNOWLEDGEMENTS. 1858 90 l3S 1925 40
Net profit for the month :. 1874 GOO 90 1879 225 81
" previous five months 577 G96 SO COL ,055 81
Total profit for six months. .$712 297 % 74o 2sl Os
The total net profits of the Reading Railroad for
the seven months Of the present fiscal year. it will
be seen, $740,2Sl against $7l2 ,297 for cores
ponding month last year, being an increase of
$27,9s3. The increase of revenues from coal, for
the month"; is ST., 1885, while the receipts from mer-
chandisc fell off sl9,l9l, and from travel SC $50.
The working expenses of the month were reduced
about sl3 900.
The contract for the construction OF the branch
of nineteen miles to connect the Rome and Water
town Railroad with the Ogdensburg line has been
entered into with George B. Phelps, of WATERFOWL,
and the work is to be completed Oh the LIST Of Janu
airy next.
The return from the Bank of England for the
week ending the 10th Of July gives the following
results when compared with the previous week.
Rest. Sc ,344 1914. Increase f36S79
Public deposits "a. 3 265 Gl3. Decrease 1866 23l
Other deposits 10 914 5SS Increase ,S221l6
On the other side of the account
Government securities. 60 Gle 202 Decrease 1884 900
Other securities. 10 800 591 Decrease sol 069
Notes unemployed 1893, $40 Decrease. 969 1870
The amount Of nokes in circuationis EGO ,l57 495,
being an increase Of GA AIS, ana the stock of bull.
ion in both departments is Ell ,G74 ,290, showing
decrease of 1897 ,473, when compared with the pre-
cedng return. .
The Charleston Mercury, of July l6, publishes
comparative statement Of the average weekly con-
dition of the banks OF South Carolina for the month
OF June. The aggregates are as follows:-