New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-02-10

Circulation. 34,O6252I Si,O96s94 lDe' Si'1IS
Toto, liabilities .217 s9sos5 s2519s82 Inc. s5asas7
| % per cent res. 81 232,26I 62,9S5,Sfo
Excess over legal ., ~. 4, 40, one
| LOANS 2Co,4lo'oio %'V'0O''s =,
| The Bank Statement shows reduction III the sur
pus of reserve this week. and an expansion i'll loans
less than the increase in the deposits The legal ten
dor Of the banks alone is nearly three millions in
| cass of the lawful reserve The bank movement
| points very clearly in the direction of still lower
rates for money, not only call. but upon CONNER
cial paper Pending the result of the Presidential
campaign, no long engagements for money will be
made causing an accumulation of money on call,
which will reduce the rates of interest and stimulate
speculations in fancy shares rampant as those
which marked the Morse period"
The Long Room of the New York Stock Exchange
Building has been procured for the of the JOINT
Boards. and will be occupied by them ms soon as
necessary alterations are made
The transactions at the Office Of the Assistant Treas
urer We're Receipts for Customs 100000; Receipts
for Gold Notes $4,000 total Receipts, 81 OBS 6s ;
total Payments 81 2l42S0 G5; Balance, SOL 1866 3D.
Senator Shermans new funding scheme meets with
less favor than any of its predecessors. 1t appears to
have been drawn for the benefit of brokers and bank
ers, to enable them to profit by the disturbance it
will create among the public creditors. 1t is very
Justly called "a b for the unscttling of the public
credit One writer says:
IT, as s often said the brokers md SPECTATORS always
find their harvest where financial confusion regns, this
hl ought 10 be n great favorite with that muca
order OF persons For should any such measure ever be-
como "A law, nothing is certain than that era Of
dsrust would begin for our public securities aud that
resulting confusion would shake the vast fabric OF our
financial machinery which is Dut upon them 10 me
stable foundations Of the public credit this measure would
apply itself and insidously undermine or dissolve away
their solid strength till the lima ginaon shrinks from
templatlng what would come aIter . ~
The leading feature Of this bill is that for the first time
the financial history OF tins country resorts to semi
eonhscation The holders Of our per cent Government
securities either 10 give them and TO take instead
per cent bond; or II they refuse to do TINS, this bl
tueaens to pay them "a ~ AgeS9aek e. at par sS months
per cent Fvetwentes OF 1862 this law proposes 10 issue
Immediately an equal amour, OF per cent new bonds
and should the holders refuse to submit to tho tOnpul
sorry exchange then appointed time the interest is
TO be stopped From that day forward al detached Five
AZ the reasgry, Be disE0T5red aud rcpudated The
same policy o. rphdaon TO enforced toward the
remaining S00o oO Of Fyewentes OF the latter issues
until the holders have all submitted 10 the loss, in DIS
gust have sold their bonds 10 other persons at home or
cGu be found any investors more plant IN the enforce
mcnt Of their vested rights. .
Tic debt should be left 10 itself that II almost con
solidated and will soon be entirely sV and that the
without any further changes either by increasing or
lcssenne the mass Of paper money in crculaon then
maxim would be much relieved n Congress would by
sonic positive act give IMPRESSION 10 IL ut early day
Mr. sherman. funding bill evoked throughout the whole
conntTy when II was introduced into the Senate on the
l7h of December last would have prevented any further
efforts the nischeYOus tendency. Thcie arc Two
reasons which conclusive against tamporng at pres
ent with the national securities. First, have Just
funded the debt and II would be puei1e cNravagance
undo all have done in order To ny experiments
and gu the work over again Secondly, We nave Tor
long weary months suffered the business OF The nation
strained and disturbed by the funding operations ~
the Treasury The country now wishes 10 be INDUCED
with little quiet, ana 20 rest ron snh Costly tAItll
mcnts our busy millions OF workers have IN tt pro
grss OF manipulation and consolidation Of the debt,
been subjected to mpOveIlshInen ana u.s. when t,
longer afford and are no longer wiling Ia afford
We have spent Yaet sums Of money IN fundng me ma
Ona debt in It's present form, and In It's present form ~
should for the present rest such are vel known 10 De
subject the chief cities. And yet. on Thursday h-t
Mr. sherman reported a measure which stands IN almost
As direct opposition 10 them the recent lr1cct
which he has 70 emphatcally aud 30 unanimously
rejected.
The earnings of the Marietta and Cincinnati Rail
road Company for the fourth week of January were;
1868 ........... SI7.I2a s2s,2cG
The following is an abstract of the report Of the
New-Jerscy Railroad and Transportation Company
for the year ending Dec. 81, 1867
HECEIITs.
From passengers. 2sl.t9t OK
From e. s. mail rents, express, ireis,e. and
other sources SF'''' %
8c5,o3 sc
Maintaining railroad, bridges. and
Repairs Of locomotives, cars, and ,,o ,
FneI-cost and labor in preparing iJo,cO7 ~
Operating the road and transport
ing passengers and freight -.-... t2s,!l4 "
ONCE expenses, salaries, ANA con . ~. ..... -.
tbsencle- wow VI ''"i''i'' -
EaIopce .............................. SsiGll9 IS
Interest on bonds 1858 81
Transit dniy on passengers ana ircght..... $500 %
state tax on capital stock 2sa37 30
Gove,1,meut t,x ................. 5000 -
sinln. fuud ....................... 10000 ~
Divdend" in cash August and February. 56siS2
Profit and loss 10 surplus earnings.--.-.. t'''5' ="
Total ..............................s sI6l49 6j
The number OF passengers transported over the road
during the yesr was not including commuters ana IIte
The humber Of tuns Of goods and merchandise
TRANSPORTED the road during the year was 2eWi
GENERAL sIAILMLNi. 1900 90.
Capital stock ScScOo 90
ponds and mort "a ges Observation-Disclosures. Jl1Gl4 ~
Due Other railroads. l'fVVV 10
Profit and loss, being surplus earnings repre-
scented by permanent improvements, aud
the property ana cash stated be
Dividend. ist January, payable sd
FebHiary .............. 2s3,750 90 iO3cl7 20
Total .,7,'~O24 q
Cost OF road and equipments
For graduation and masonry bridges. super
structure iron passenger and freight sta
TONS buildings aud fixtures, engine and car
houses, workshops, machinery ANA fixtures, - 49,. ~
engineering. land and land damages. A,0I7fH5 w
Locomotives tenders, and SnOwpoWs. AyOOV w
Cars-passeneer freight aud baggase..... SS'@f w
Bridge, ferry, turnpike. and other stocks, real
estate. ferry boats, privileges, and fixtures,
including the property and privileges pur-
chased Of the Jersey Associates s2999'2I -
Cash IN bank cash items, and bal ... ..
anceS due ...-...-..--. tt4659 l-5,oS'tS ~
Total s7,,co2n 80
THE MARKETS.
lcsrcfauJ reported er THg TKiBrNsl
SATURDAY, Feb. z. 1861.
-A ia