The New York herald., 1862-01-17
NEW YORK HERALD, FRIDAY, JANUARY II, 1862.

deposit them in his bank II he sends them into
Wall street for sale, who is there to buy them!-
the supply being at least 81 100000 day. VIII
they not depreciate SO rapidly ss to affect the
price of the 7.a0 notes, of which the banks hold
fifty millions? And will not government have to
pay so much more for everything it buys? Doubts
have arisen with regard to the amount of these
3.65 notes which Mr.. Chase will be authorized to
issue. According to the statement furnished to
the Associated Press, the issue will be limited to
l00,000,00O As the amount of money due to
contractors by the United States, at the present
time, is not less than $50, 900 900, this scheme
would enable Mr.. Chase to pay his debts, and would
leave him $2O, 100000 in hand-enQpgh to car
ry on the war for just fortnight. At
the end of o fortnight the Treasury would
be empty again. We incline to the opinion that
the report furnished to the Associated Press was
incorrect at least in this particular and that Mr.
Chase will be authorized by Congress to issue two
or three hundred millions Of these Treasury notes.
Nothing less will relieve the Treasury, and render
the vigorous prosecution If the war certain. Some
of the banks still hankering after negotiation
Of more per cents at some heavy shave. As the
banks hold $50 900 of this security, their in
terest would seem to be in favor of maintaining its
market price. If Mr.. Chase followed the advice of
some of our leading bankers, and tried to sell or
hypothecate 500 900, 600 of new skies, to be fol-
lowed, four months afterward, by another like
issue, the5 would probably sell in market at go
cents on the dollar and the banks would lose forty
per cent on the amount they hold.
The business of the Sub Treasury was as follows
to-day
Total receipts. ........ 1856 1922 5S
-On account OF loan .................. 80 ,724 80
Payments including redeemed per ct notes o7352s 81
Balance ...................... 4llOtioo w
The joint boards of the Delaware and Raritan
Canal, ana the Camden and Amboy Railroad and
transportation companies, have declared divi-
dend of five per cent, payable the 2lst of Janu-
ary; the Lafayette Fire Insurance Company Of
Brooklyn, a dividend of five per cent, payable on
demand; the Kings County Fire Insurance Compa-
ny have declared dividend of three and half per
cent, payable February l; the Lamar Fire Insur-
ance Company, a semi annual dividend of five per
cent, payable on demand.
The statements of the banks of the three princi-
pal cities of the Union for the last week compare
with the previous one, and the corresponding time
of 1860, as follows:-
NJ York. JAM Eos nsss ss asss7c % ffsr ss
FSiSn FSa Jsn sn 49, s si5ss s ss5 ssss sf5sis
Total . s2a7as79se leoss72es saclssoo 1890, l7e
Last Last iSsG ssss ssSsss
The following summary shows the operations of
Che Bank Department at Albany during the quarter
ending January /, 1862. 1t is worthy of attention.
as exhibiting the increased activity of business so
far as it is indicated by the bank circulation Of the
State =
INCREASE DECREASE IN SECURITIES AND CIRCULATION
OCTOBER /, 1861 TO JANUARY ], 1852.
Total amount of bonds and mort
cages, Oct. J. 1861. ......... SIS 1856 ,S02 Al
DO. JAM i, lS62 2.............. 5,293 ,l54 At
TOTAL amount Of New York State
stock, Jan. l, 1862. 10 474 ,269 81
Do. Oct l, 1851 el............., .1s,l23,7o6 o2
Total Gs amount Of United States '''4 70
stock Jan: ], ls62.....-. 6,s66,Soo 90
Increase ..... 777,ooo 90
Total amount Of cash, Oct. 1, 1861 1as,722 20
Decrease -. 42es 25
Total amount Of securities. Jan.
ls62 .;::;.'.'.....'.' 81 ,a43saS sa ~ ~
Do. Oct. i, 1861. ...3o2l3 ,7S0 SO
Total amount Of circulation, Jan.
po ds, 1scz iss o. aso 40 aSS 90
Increase ..................... S7o,69S w
The directors of the New Jersey Railroad and
Transportation Company have declared their semi.
annual dividend Of five per cent, payable on the
lst of February. The accounts of the company
present O favorable condition of the road, espe-
cially for year during which the cities the line
Of its route have suffered great reduction in their
business.
The receipts for the year are 1901 500
The expenses. .$491 994
Two dividends OF per cent each, in
b. GLIDING the one now declared. 430,c7o
Leaving to be passed 10 surplus aceoun... $60,l65
The annual report Of the Milwaukee and Prairie
du Chen has not yet made its appearance. We
annex q statement of the earnings for the year
ending January l, 1862, prepared from the re.
turns which we have published from week to
week.
The earnings for the month of December, 1861,
are:-
Passengers 3l9 "a
Mails ana rents ........................ 4ZS4 II
Total. 80! g90 81
Corresponding month 1860. 44s94 80
Increase for the month. .$23 o95 70
The earnings for the year 1861 are:-
Passengers s2i7 AL SO 1926 4s Inc $40 2s4 %
Freight .. 100000 % '7s4 90 Inc. .2s7 sl5 90
Mails aud rents. 1927 10 l2,s40 90 Inc. 6ls7 I3
Ferry .......... 1887 20 Inc. 1887 20
Total s1, ,o5s 400 CT 7so,s41 As Inc 1858 ,505 %
stock Exchange.
THURSDAY. Jan. 10, 1862
$4,000 es, 1857. soh 60 shsErieRRpfd. bsO 5s
10000 " S6s Isl reg 81 100 do 57Z