New-York tribune., 1867-03-08
Decrease OF legal tenders. ..........


Legal tenders, compound n0tes..-..'..-. lfoO,uo
Decrease OF legal tenders ............ $d,9372H
The funding of 1905 is proceeding rapidly enough
TO secure the conversion Of the August series at ma
turity, together with large amount of the COM
pound notes. The Treasury balance Is ample for all
purposes and the Secretary is in position where he
steadily retire the plain legal tenders to the ex
treme amount allowed by law. The inflatonists are
quite sure that the Treasury is 10 be crippled by the
decrease of Internal Revenue, and point to their
meager profits and numerous losses ample proof of
the condition of the Government. They forget that
the Government depends upOn revenue obtained
from taxing tho regular and absolute wants OF con-
sumers and not upon taxes levied on speculative
profits. The taxes upon commodities daily con-
sumed will yield all the income the Treasury re-
uuifes and the finances Of the Government will be
steadily reduced 10 order while those Of speculative,
overtrading merchants and idlers steadily proceed
to ruin.
The Hudson River Railroad expects TO use its new
freight depot in ST. Johns Park in April An issue
of $4,000 600 of stock has been agreed upon by the
Company, but how it is TO be used has not ranspred.
The Erie Railway is before the Tegslatnrc asking
for permission to lay and operate double track tO
Pavonia Ferry at foot of Chambers-st. West
St. TO West Broadway. and single track 10 Clnrch-
st. with permission for all roads whose tracks shall
be crossed or nersected TO run its cars said
tracks.
United States Marshal Cassins Fairchild for the
District of Wisconsin, sold at public auction in Mil
waukee on Saturday, at IL o'clock M, the railroad
formerly known as the Eastern Division of the la
Crosse and Milwaukee Railroad, for the sum Of
$l06,@90 y. 1t was bid off by the Milwaukee and
st. Paul Railway Company. The sale was made
subject TO the following liens and membranes,
amounting 10 $2S93,1O5 % and interest, 20 wit:
mortgage TO Francis A. Palmer for $4,000, with in
terest thereon at per cent per annum since May ],
1866 two mortgages TO the City OF Milwaukee for
$4,000 with interest thereon from the first day of
September, 1865; mortgage TO Greene L. Bronson
and James T. Soutter for $100O,c0O, with interest
thereon at per cent per annum from March /, 1866
and a Judgment rendered In favor Of Selah Chamber
lain in the District Court Of the United States for
District of Wisconsin on the second day of October
1857 for 500 lOJ % and certain lease given to said
Chamberlain as security for the amount of said judg
nent.
Earnings Of the Milwaukee and ST. Pah Railway
Company for the month OF February:
1851 s $4,000 1866 .S123,Oo0 Increase S'loW
Earnings of the Milwaukee and Prairie du Chen
Railway Company for the month Of February;
1857 $4,000 lseG. So $40 Increase sioS
EARNINGS of The McCiregor Western Railway Com
many for the month of February
iscs slssoo 1861. $1,000 Dec'ase. 800
Earnings of the Minnesota Central Railway Com
nany for The month of February; H +-. t
400 1866 81 800 IncIease.. $1,000
The following is official statement Of the bust
ness Of the Wcstern Union Telegraph Company for
the month Of December, 1896, aud January, 1857:
Epenscs ard Expenses
Receiptsfa"m- payments 70 sct ,,,,on Ior
Noe 1876 ss,; q sSTi' ST 10 sa 5s II sqs9i % s5.s 90
Ian 1891 - 6sO5eO 50 1lot II 239,455 81 $40 10
FIRST NATIONAL BANK, No. 14O BROADWAY, NEW
YoRK-Ths bank the G,st des,gnnted depository Of The
United states in this city prepared to convert the first
series or August O notes. into United states $40 sS per
cent qoId bonds In any amount desired.
The conversions at this bank made at the counter
without delay while much time and risk IL required In
seDdiug to Washington. r
This bank makes the exchange ut the fixed GoVernment
rate, viz:
The 73o notes received par and interest from Feb
X 1891 and the 500 bonds delivered al par and interest
IN currency from Jan. ], 1851
Bankers and dealers in United States securities win be
allowed oneeighh per commission the exchange.
All holders Of SO notes requested to make the ex
change at this bank
g. C. THOMPSON, President
GEORGE F. BAKER, Cashier.
FISK g. HATCH,