New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-09
ne compared with the January

statement; Net debt nc el59s467; coin on hand dec
$1,000 $685. coin certificates inc, so6231; currency On
hand inc. 24O; per cent certhcates' mo- sAo
fractional currency inc, s295i2 ma'ured deD'' oee
s5525G7; Pacific Railroad bonds, inc, sl,92OOOo.
The transactions at the Office OF the Assistant treas
urer wcre Receipts for Customs 100000; Tor Goa
Notes. $4,000: total Receipts Ss0l,9Os 4O total ray
ments, 81, 029, 372 Sc; Balance, $S5.G52,524 ~,
Freights to Liverpool BY steamer, 7,COo push ""'"S
at 6id and by sail 1000 bbs Flour at 2? Cd 2oo pie'
Cotton e32d 10 hhds Tobacco at 27s Co., ana 10 1iS
gov, 800 bbls. Flour at 2s Cd.
The Committee OF Ways and Means OF the House OF
Representatives, have unanimously reported bill Tor the
improvement of the public credit Section repeats al
laws authorizing the issue OF any more bonds Dy Gov
eminent excepting for railroad subsidies Section per-
mts the conversion of coupon into registered D0nds
under certain restrictions. Section prohibits the pay
ment OF all commissions. Section makes all future sales
Of bonds or gold open and public. The passage OF tins
bill is demanded by the best interests Of the country and
should be delayed. Its passage VIII do mhch 10 ln
prove credit and II Will be one step toward specie
payments There has good reason that we should
have increased goldbearng debt for the past tree
years. and long before this matured 62Os should nave
been funded into long bond bearing per cent interest,"
1t is to be hoped that this bin Will find no opposon pue
become law before Congress adjourns.
The Central Pacific Railroad Company through their
financial agents. Fis& Hatch announce the withdrawal
from the market Of their first mortgage bonds The bal
OF the loan has been taken by foreign houses VINO
have been large purchasers OF the bonds from the start
The increasing demand by foreigners for our securities Is
one the marked features of the market for the past
year. Already large amounts OF the Union Pacific Bonds
have gone abroad and now that the Central Pacific loan
is closed anticipated that the demand will be In
creased The domestic demand active and large ana the
agents report continued increased demand In addition
TO this is strong demand for Northwestern Preferred
and Chicago Rock Island and Pacific shares, which bids
the speculative list at no dis
tant date.
We notice that the Governor Of Minnesota caedhe
attention OF the Legislature OF that State to the proprety
making provision for the bonds issued some IL years ago
to aid constructing railroads for her development This
matter has been long ignored and is high time that
something should be redeem her character from the
stain OF reputation They issued by the State OIL
Gals and the public fully authorized to believe that
they legally issued. There no other defense made
than that the railroad companies got the bonds before
they had done sufficient work TO warrant their ISSUE But
who should suffer for this the State innocent pub
Lief Surely not the latter, when the fault II any lay
with the State herself Her officers reported the railroad
work DONE and her officers issued the bonds We trust,
therefore that the day has atengh arrived when the state
OF Minnesota going put herself right the record,
The report OF the Philadelphia and Reading Railroad
Company dated jan H. 1862 shows several interesting
| facts. 1t the aim OF the Directors to secure
western outlet for the sehuylk and Lehgh coal fields,
and large expenditures during the past fewyears have
been made to attain this result To make available ex
listing railroads by building connecting links there have
purchased and built 20 or miles OF new road
| The Mine Hill and Schuylkll Haven Road has been con-
neced with tho OF shamokin by six miles OF road
BY purchase Of the Trevorton Company's Railroad, IS
miles Including q bridge the Susquehanna River
and by building eight miles between Trevorton and sha
mokn there will be operated another line OF railway
from Philadelphia to the Susquehanna River at Herr-
DON road OF eight miles is building to connect the
Lykens Valley coal lands containing free burning COAL
very much esteemed for domestic use, at Willams,own,
whence n road is now in operation to Mllersburg on
| the susquehanna Another and perhaps the
most important new railroad, called the
| Lebanon and Pine Grove, is being built
by tho Reading Railroad from Pine Grove AZ miles, pass
ing through the town OF Lebanon souhward and ter
| mlnating at Mannheim. IA miles from Columbia.
glance at tho map shows several considerable towns
which will be benefited by this railroad 1t shall
be finished which have depended heretofore circtous
routes for their The Reading report says: "The
construction OF this road the managers have for many
years past regarded inevitable. They have therefore
put the grading under contract payable onethird cash
and twothirds in the plain bonds Of the company. bear
ing six per cent interest not secured by mortgage"
The rolling mill DO giving great satisfaction, as
large product tuns of rails having been manu-
featured since April last To make all the improvements
| "a brief mention OF which We have above gyen-bas
required large portion OF the railway profits and COM
PEELED the dividend 10 be made In stock The following
figures show the items added to capital account during
| 1863, viz:
suny connecting railroad soeis aud bonds puba,d ssqla
Real purchased Philadelphia and the line l6J 10
e5isaJ
For eop.eion Of Reading Rolling lSi5s
Tos................. .................. 5+4 2e5
esueoa, IL 1901 100 go
Expenses 10 BllOO per 62b6t1i
Net prost. O6s
Gros. rrce 1921 aJ7
kIpeus,s 90 662 5
Net profits 81 go 4l6
Baace accounts rents paid By sehuyk Navigation Co.. 1903
1854
Reeep over cost II working nenng received
and aud FUND.-. A6T
28 76T
Cost Of new engines cars sngs bridges stations etc new s3i
| pt,Jl.,d tnes u