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

State commerce. giving therefor and in case
any railroad company being thus called upon oy tne
Attorney General shall neglect refuse for twenty DAYS
aer such call 70 comply with the same he shall fortn
with report their names TO this House.
The preamble and resolution lost public policy
receiving only fifteen votes while Camden and Amooy
succeeded In scoring thirty five
The earnings Of the Great Western Railway OF Canada
for the week ending January % amounted to sos
increase Of $40 the receipts for the cor
responding time in 1885,
The Racine and Mississippi and Northern Illinois rail-
roads earned during the week ending January II
So Ss4 against 81, 0a5 for the same time last year
The Long Island Railroad Company will pay quarter
y dividend per cent February 2e at the National
Bank OF North America
The Farmers Loan and Trust Company will pay the
February coupons Of the Evansville and Charlottesville
Railroad Company. ''f F-
The February coupons Of tho Chicago Northwestern
Railway Company and the Galena and Chicago Union
Railroad Company will be paid at their transfer office
We have received the following condensed history or
the Mobile and Ohio Railroad from correspondent In
MOBILIZE
TO THE EDITOR III. NEW YORK HERALD
Tho Mobile and Ohio Railroad running north and
SOUTH u.s. specially speaking, Alabama road, although
for the greater part Of the route 1t runs through Msss
sipp; but il commenced and completed, in great
measure by the enterprise and capital Of Mobile But
truly speaking, Is NATIONAL road and owes its entire
compilation 70 the aid furnished by the States Of Mssis
sippi Tennessee and kentucky II ia now the great iron
chain which, in commercial and social intercourse must
bind the people Of the south and North together in In
interfere with the affections Of interest Tho road is
owned by one company most OF the bonds are held IN
sissppi Tennessee and kentucky. The immense value
Of the road has not yet been realized, as It
benos s has
renced any profit from this destined great and wealthy
enterprise It might be called singular coincidence that
on the night Of the day which saw the last rail laid
despatch was received by L. j. Fleming General Super
ntendent Of the road that two thousand federal troops
had landed Cairo ILL., short period afterwards the
road constantly broken up by both armies In 1884
General Sherman destroyed fifty miles Of the road which
Immediately rebuilt by the company IN thirty days,
through the energy and supervision of Engineer L. j.
Fleming The original idea OF the road was conceived
by N. j. D. Baldwin, Mobillan, who at one time was
connected with the From casual perusa OF
map representing the Southern States, Mr.. Baldwin
formed the opinion that railroad could be built extend
ing TO the West. AT first he could not get hearing
among the people, but before year had expired others
awoke TO the same idea which resulted in forming
charter and the organization of company in the State OF
Alabama and afterwards of Mississippi Colonel Geo s.
Gaines Zone Of the most esteemed men in the South and
% and d VI
of MssissippD, were appointed TO open books OF
subscription for stock the line from Mobile to Co
umbus KY, In 1S4S which resulted in great success
The road was incorporated in 847 by the Legislature OF
Alabama, and during the session Of the Legislature at
jackson, Miss in 1S4s 1t incorporated under libe-
charter for State subsequently charters
granted in Tennessee and Kentucky, which makes
of the longest the whole country under
single charter and what is rather peculiar that running
through four different States and over the distance OF
four hundred and five miles the line does not
cross stream of water large enough to be called
river OF any magnitude. II crosses the Obon, OF Ten
being the arsest river on the northern side and
the Chckasaha Is the largest the southern SIDE From
this fact the Company have been spared the expense Of
building bridges.
charter has been granted by the Superior Court of
Chatham county, Ga, which embraces the city OF savan
nah party OF whose corporate title to be-
Georgia Joint Stock Land and Immigration Company"
hut ho ratiop of
pesos of the corporation would properly be termed
the Savannah Steamship and Banking Company. Tho
nominal capital is to DO i've millions Of dollars with the
privilege Of organizing and proceeding business
million, in order 70 procure which the company 10
authorized issue two millions Of dollars in bonds It
has che power OF purchasing and building ships and
other vessels for the transportation Of immigrants and
merchandise, make advances for merchandise and
produce and aid planters In raising crops and to offer
facilities and aid to other persons TO purchase and hold
real and personal property, lend money, and TO deal
| in inland and foreign exchange.
1ne Pttsburs, Pa, CbmmsrcioI Of tho 9th inst has
tho following In reference tho accuracy Of Secretary
| Harian's recent report TO Congres:->
Tho utter Worthessness Of figures, which at the
time made the basis Of important legislation,
Interior has undo to Congress Of the principal manu-
featuring cities Of the country and the products OF their
the list with eleven millions as the sum total Of the
value OF her manufacturing products II Mr. Secretary
Harlan has more reliable figures we advise him to
| burn them at once. We show him beyond dispute
that statement having the slightest claim TO accuracy,
would place the manufacturing products Of Pttsburg at
| less than one hundred millions
In the financial column Of the paper We find the
| following
Mr. Thurston, the President Of tho Board Of Trade
who always wide awake the reputation and interests
& called nT OF se %
OF the manufactures OF Ptsburg which appeared In the
telegraph columns Of the morning The Secretary
OF the Interior required by resolution OF the House
TO furnish the statistics of manufactures OF cities,
bracing those having hundred thousand inhabitants
and upwards II appears that Psburg Is classed among
the small manufacturing and the value OF her
manufactures put down at sl This is grossly
the President OF tho Board Of Trade
instructed to prepare letter Representatives
Washington enbodyng such data and facts rs will pace
the Iron City in n true light Doubtless the Secretary
OF the Interior obtained his estimates from the census
Of 1s60.
Kemp p Battle Public Treasurer Of North Carolina,
In his late report the General Assembly states the
debt of the Sate contracted before the war; and not
puatcd by the Convention TO be So 7s9 500 to which
must he added the interest due and unpaid in round
numbers, $4,000 900, making in all s12 500 The
stocks In railroad companies and bonds OF
railroads and other corporations. Of which
productive before the war, equal to se,e7a2 ss Mr..
Battle estimates the losses Of the State by the
$3.50 o0o which 1900 600 600 slaves The
present value OF real and personal property he estimates
Mt $3.50 900 900. In consideration OF the want Of cir
culaing medium occasoncd by the sudden destruction
Of the Confederate and state Treasury notes. he
mends that the bonds and coupons due and to be-
come due the present year be funded, and that APP
preparation be made to pay interest at present. He
speaks encouagngly however OF the prospect Of carly
| resumption Of payment Of the interest
II Is reported that the owners Of the steamships
| Rising Star, Guiding star and other vessels headed
| by Mr. W. H. Aspinwa, forming a company
TO line Of steamers between this port and San
Francisco via tho Isthmus Of Panama, In opposition
to the Pacific Mail Company. Competition IN the carry
ing eade alike with other traffic Is generally for the
advantage Of the public, and provided the new enter