The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-07-02

The shipments OF specie from tns port ast week anu
during the year date compare as follows with the cor
responding periods in 1854 and lse''r ,ssx ,sas
rwon,y sixth week. s5sS'esr sioo'ass s5so5T4
Previously reported Is 7os,lSs iI,9i44ss u i22,2h
From Jan to date. SO 2es $40 sisolATTT s4ss7aTss
The total imports at this port for the week ending
June 20 compare % follows with the two previous
weeks
Dry goods. %, oos s2.o1a2s2 si,z1s5ss
General merchandise. 7,04S742 4,o72e6i I.7As21
Total. .:sO6s 7as so,7sosaa ss,oIs,eOs
The imports OF foreign dry goods compare follows
with former returns:-
For he Week 1894 1885. 1904
Entered the port. 81 10000 s1s401s2 s127s rs
Thrown on market. 3ie,623 i,7os,so2 l,oo6H
Entered al the port s4s SOS s2a 22s l51 SOS ISL
Thrown on market. 4S55s,l5 DISEASES 6,2dI,7 76
In the matter OF the Of tho Caawa Railway by
the Atlantic and Great Western Company tho Supreme
Of Pennsylvania has just pronounced decision in
favor OF the latter and the validity Of the contract
Justice Read ssenting. Two decisions upon points in
volvcd In the same case rendered the text OF which
Is follows
The GmmoaweaIL of Isnn -ylroRid ri Aftorgey
@ neral The At,dn,te and g. eu Wsssyn Raiinny
Comp nu-Infrmation and suggestion in Of qu,
,oorrani Chief Justice Wood @ard pronounced the fol-
lowing decision pr cSidm:fhe case having been fully
argued and considered, we are OF opinion
Fut-Tbat the instrument called a certificate ~ COR
soldat OF the Atlantic and Great Western Railway
Company dated 10th OF August, 1866. was lawful and
valo instrument for the therein expressed aud
upon being tiled the Office OF the Secretary OF tho
Commons cath, constituted the defendants legal cor
poration in the State Of Pennsylvania
Sropd-Ihat auL til record IL we'll replied TO by the
de endants pleas and the demurrer 10 the replica Ion
must be ovened but the defendants have leave to re-
join that there ia such ord with pro ut patel record
The d-If In support OF such reionder the de-
PENDANTS shall produce the contract OF agreement and
act If consolidation set forth la TO the oyer
ATTORNEY
the same deposited with the Secretary Of State In
his Office on the 81 day Of October 1865 the opinion OF
this Court viii be that the defendants have fully
piled with the requ remens or law In respect TO said in
strun emit; that Il became then and there the duty Of
the Secretary OF the Commonwealth to ae tho OF
record; that ngainst the Commonws ah. the legal
presumption must be that the Secretary performed his
duty, and fied tho same OF record and that IT remained
and still ied OF record in his Office, and judy
meat will accordingly BIO cner for the defendants
inspection o. the instrument and ch proof. IT. IN The
op mon OF council any Endorsement Of the date OF filing
by tn Secretary DO necessary, nandamus would lie 10
command him TO add the Appropriate date and to per-
form every other necessary act In the premises.
The Philadelphia aud Erie Railroad Company and the
Pennsylvania Railroad Company The Caawissa Rail
road Company, and the Yves ern Central Railroad Com
pany OF Pennsylvania and the Atlantic and Great West
ern Railway Company Of the States OF Ohio, New York
aud Pennsylvania Andrew Scott the defend
Two bills equity on appeal the decree OF
the Court Of Nisi PriIs Of Philadelphia sitting equity;
Woodward G J. An opinion will De n'ed 70 The above
bunp tho third Monday OF October next, In which
the following conclus will DO explained and justi
fed
Fsrst-That tho plaintiffs In the above bills In equity
being private parties, and not representatives OF tho
Commonwealth OF Pennsylvania, have no right TO draw
into question the porale a. jure OF the At
lantio and CIR at Western Railroad Company.
tho owner OF any stock in the sad company, he has
ity 70 maintain his bill INST the sad company.
Ths d-That tho lease and contract made tho LIST day
OF November, 1885, between the Cntawissa Railroad
Company of the FIRST part, and the Atlantic and Great
Weste Railroad Company OF the States OF Ohio, New
York and fennsyivana OF the second part, Is lawful
and valid lease and contract, aud that no ground
has been shown for decree that has been cancelled
or annuilcd
iosrA--That the memorandum Of agreement made
the 3st Of October 1860 between the sunbury and Eric
Railroad Company Of the first part and the caawissa
Railroad Company Of the second part lawful aud valid
for the term Of twenty years from its date and that all
the rights and interests OF tho Cattawissa Railroad Com
duly vested In the Atlantic aud Great Western Railroad
| Company
mcnts, and within the meaning OF tbe act Of Assembly
tho I'D OF April, 1861, mentioned rocrrcd 20 In
70, ns and answers. the 70 PM, and Ere Esrosd
Great Western Railroad notwithstanding the diversity OF
wSersf re- & IS now. this 2o.h day Of June. A D.
1865 nsdercd adjudgcd and decreed that the decrees
made In tho above cascs G Ns Prius be reversed SO,
each OF said plaintiffs bills be dismissed Al The costs OF
the plaintiffs respectively.
Tho Comptroller OF this State has Issued following
circular 70 assessors OF taxes
STATE on NEW Yosx, con7roLsms orrcs,l
ALBANY, Juno %, 1866.
Under the provisions OF law which direct the Comp
trvcr from time time 70 transmit forms and instruc
.r deems his duty call tho attention Of these officers
to tho rqu OF the act chapter 16l laws VI 1868
relating TO the and xaion OF the sharehold
ers OF banks and 70 prescribe the following rules FOR
their ob@rrvance:--
Fsrt-In estimating the value Of bank shares the
usual he- TO them nj their par value
But this standard cannot always BE- relied on As correct
The real value depends very much the amount Of
surplus funds that has been accumulated, and where
these amount 10 large per centase on tho capital
they do in many instances the real value Of the shares
will be increased In proportion. Hence tho
par value, fixed rule, would result In n discrimna
lien IN favor Of banks holding large amounts surplus
funds, aud against others similarly situated Asses
should decdeas To the value the best Information
1 within their reach In no case, however, should
propr evidence that the capital has been impaired,
through losses actually charged the books The
comptroller IN Informed that la several counties the
SCISSORS are disposed sssess bank shares 1t price
much lees than the par value, under the preence that In
80 DO ns they would only be giving 70 personal property
enjoyed by individual holders OF other kinds OF personal
property large proportion Of which 10 sad Il con
cealed, aud therefore assessed taxed There s
nothing the which Juses 80 loose and incorrect
mode OF Tho provision In the fr-, section
that the shares shall not DO estimated ai greater rate
than upon moneyrd capital hands
OF ndivdua ais evidently refers 10 tho rata per cent o.
TAR and not 70 tho amount OF the ass s nen Such n
tho construction given the passage BY this department.
and assessors should CONFORM thereto.
S,oosd-No deduction should be allowed Shareholders
frm tho Of their shares FOR deba The only
deduction provided for Is propoonate par Of the real
tate Of the bank which 70 be asscssed against the
rpo alton II had been the intention ~ the LeRisls
trc 70 allow OF other deductions it's fair 10 pr
that they would have been expressly mentioned In the
Tho inference that be- The val Of the shares
TO be included In tho valuation 81 the personal properly
OF the shareholder his rgh OF offset for debts will attach
TO tbs we'll other ltcms Of his personal estate,
does not appear reasonable or Just Tho yauo
o. tho shares n 10 30 included In the valuation Of
the personal property OF the shareholder, AT the
place, ward where the bank located, and
not clsewhcren Nov, ~ . large proportion OF
the holders q bank shares reside In pisces and
wards other than where thu institutions located,
II Is plain that tho vnue of Their shares cannot be
inciud In the valuation Of the personal property Of
TINS class, because u rs q general provision OF Law
that tho 10 20 be asscssed Tor his personal
effects In the district where he resides Hence, the
law administered on tho inference stated, 10
would give resilient shareholders privilege moi pos
fesrci by non rad nj. thus result In n