New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1866-03-15

IN Chen Road is subject. The McGregor western
Is On the west side of the Mississippi River, and
with the Minnesota Central connects by DRUGS
over the Mississippi River the Prairie du Chen
Road with the st. Paul's The importance OF TINS
connection is fully admitted, and President Meyer
SAYS that all should unite on plan TO extend Inc
MeGregor Western Railway, and bridge the Mis-
sssppi River at Prairie du Chen. Fhe report
adds:
Tho ioipt oncrstion Of the McGregor Western with
our own line has proved OF great benent 10 lne Nc
regor Western and it's security holders who under
the present policy, will find their security become Ue
ter from year 70 year. -. :.
Considering that the results obtained were from
line which, in the first instance was hardly In CONDITION
TO be worked a. all and then only run trtyhve mes
subsequently forty, and since end OF August my lnics
il would lead to great expectations Tor next ye, NV
10 still greater. we are enabled 10 eftehu IL snu ui
increase IFS efficiency
The Importance of extending the McGregor western
line cannot be urged too strongly upon IT'S bonu Snp
Stockholders nor upon orr own Proprietors strong
united efforts should be made 10 connect the mcIeeoI
Western with the Minnesota Central and to bIdge Tue
Mississippi River at Prairie due Chen -, .on,
In the Annual Report for 1908 under head Oh oui
Western Termini," page ii, made the iono"'hs ~
marks: ,.,, . A., Nth
the Mc(;recor Western Railroad opened GO miles out
from McGregor our annual traffic ncreasesfrom H. un
der the Influence of average good crop shoad pe
equal $500 900 gross earnings II not IN tne INST 1eai
at least within three years from Its opening , =,
Our accounts show that we received from the NC
Gregor Western: xooo ~
East Bound-Passengers. 1890. l.l67 800 w ~
Freight ....-...-. 80 20 tuDs' ls''o's u
And gave 10 IL: A. or q,
West Bound-Passengers .-...- ,425 S1sc0o c. c.
Freight. J,7yl tups H'VoO D.
e2ls. 33e 70
Establishing that in the first year, with average o
" forty miles run menths operation gave az inaei
change of business on which our proportion VI "' W
freight was S2ls, SO "a.
The balance sheet of the Michigan Southern road,
rs foreshadowed in THE TRIBUNE this morning,
gave new strength to the stock, which was IN large
demand by the bears TO cover shorts, and by inc
bulls for further advance. Now that the corpora
ton is freed from the embanassments which nave
attended it since 1860 there is no reason why us
stock should sell so much below that Of the Mlchi
gan Central, which earns less money. The receipts
of the two roads in 1865 were as follows:
Mich Southern 95l AL Mich Central. s4,S2!, Nt
In favor of the Southern. s43O59o
The following shows the exports Exclusive OF
specie from New York to foreign ports for the week
ending February 81 and since the beginning Of the
year; ,.,. reg. 1864.
For the week 81 3Sa I53 s3.657,542 ss,6eg. 36l
-----,o 49,, 800 ,7o
Since January l. . $50 lO3O2l s43.944,7io s457cofSo
The Superintendent Of the Banking Department
has transmitted TO the Assembly his Report on Saw
ings Banks. The following summary shows tho
aggregates Of the resources and liabilities OF the
Savings Institutions of this State or the hrst OF
January, 1866:
RESOURCES.
Bonds and mortgages ..-.-.......---. t2f2H'o"
Estimated value OF premises
mortgaged. sOo 4eo"So r, ,-o ~,
Stock Investments e7ost"~'
Par value of stocks. ~, 2l9Ul
Estimated value. eJ, 1cJ2UA
Stocks on which money has been
| ,Os, lent on stocks. 3HI,6si
| a nos,nt Lost IN nersons al securdies... 4i9, 6)Z
Amount invested In real estate 43Ss ~
Cash on deposit in banks. ..-....:;..-. e2V2'"Se
Amount lent or deposited not included as ,..,,e
Niscelianeous ACKNOWLEDGEMENTS. l77.3t
| Total. .tl2l, 464, l6l
LIABILITIES. -
MIscaianeons Observation-Disclosures. 1871
Excess VI assets over liabilities. Sso4seS
Total. .--..---Si~f''V''" 80
| The Chicapo Tribune of Monday says: