New-York tribune., 1868-05-07

Since Jan 81 4O2,557 fls2O,k2 Fl,6Is26
Frelghts are quiet, though rates firm; the only en-
gagements we learn Of are 76O0 bush. Corn at sd.
The transactions at the Office Of the Assistant
Treasurer were: Receipts for customs, $09OO0; re-
ceipts for gold notes S27 OOO total receipts $3.50
521 13; total payments, S2746531 %; balance $lOO
1O0,615 c.
The increase in currency during April Of $s944OOo
is the subject of remark in financial circles. 1t is
now apparent that the pressure for money during
April was intensified by the sale lof gold for legal
tenders for which the Treasury had use. Instead
of restoring TO commercial channels the egatenders
by purchasing 1905 at 1861 the Treasury preferred TO
lose interest on its balance, and, after the money
market had recovered became the buyer of 730s at
lO7!alO7l. This mode OF administering the finances
may have been wholly in the public interest but
upon the surface it looks though private interests
were the first consideration.
The report that the Pittsburgh and Fort Wayne
Road is to issue million Of stock for construc-
tion is without foundation. Its power to sell stock
is exhausted and its renewals can only be effected
by q vote of stockholders.
The Milwaukee and st. Paul Railroad earned in
April:
s31e3ss .ss5.e2o Increase. 1920
The Pittsburgh and Fort Wayne Road earned in
April
t59OOOO .t74OoO Increase. e1s4ooo
The Chicago and North Western Road earned the
fourth week in Aprl
s233459 t352 934 $1l9,f as
The traffic of all the roads exceeds the expectations
of the public and is attracting the attention of in
yesting parties to railroad shares managed for the
interest Of shareholders instead of being used for the
benefit of directors and employees. There is no
reason why every stock at present actively dealt In
should not pay dividends equal TO seven per cent
,Ho VIta
New-York Central has commenced the use Of steel
rails.
The SDyinoteld Mass Republican mentions the fol-
lowing individual failures connected with the fail
ure of the Florence Mill at Rockville: George Kel
loeo. 100000; Lebbeus Bissel, indorser 100000
George Kellogg, jr, the Companys agent, about &C.,
600; Deacon j. J. Robinson, $4,000; beside many
creditors one of whom, Austin Durham of Hartford,
had claim of $4,000 for which he got 100000 cash
and the balance in stock All this started from the
failure Of Nelson Kingsbury Of Hartford, whose
partner, Edward Kellogg, borrowed $4,000 OF his
father, George Kellogg, but few days before the
event. The Rose silk mill went down in the same
crash. +. X. Rose had $4,000 in this concern. and
some tbirty-fye stockholders had amounts varying
from 5000 to $1,000, among them several clergy
men. George Taleott of Rockville lent Rose 10000
DR.. Lewis $l2,5OO, and Others similarly caught.
At the annual election for l3 Directors of the Ma
tiOnal Trust Company, the following named gentle
men were elected Darius r. Mangum William f.
Allen, Paran Stevens, Thomas Christy, VIM. Lyon.
Morris WinslOw George Buckham, Lewis j. Phillips,
Joseph Pool Silis ii. Witherbee, Jacob Steillheimer
Gottleib Rosenblatt, Samuel Wood and ]. Newton
Sears was elected for year in place of j. H. Hunt
ting. deceased. Darius Mangum was unanimously
reelected President, and Barnet L. solomons and b.
+. Bancroft, Vice Presidents. The Examining Com
mittee reported TO the Board that the net deposits
were nearly one million and half Of dollars and