The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-02-10
FINANCE AND TRADE.
Financial and Commercial Items.

Financial and Commercial Items.
The New York bankers are making
their proper returns in spite OF their
bluster.
The total internal revenue collections
in Brooklyn for the six months ending
the 31st of December, were sll'54o'-
574.50.
The sales of Chaflin & Co., of New
York, amounted last year to 3,OO5, OO"
and the wholesale sales of Stewart TO
$50, 100000
The financial agent of the Central "a
cific railroad announces the first mort.
gage loan CLOSED, aud says the road VIII
be completed within one hundred days
The public debt last month increased
SIS, 495,456. During the month inc
Treasury paid out over S44 OO,oOO' IN IN
Gliding S3I 100000 for interest Oh Nv
bonds.
Earnings of the Vanderbilt" rail-
roads last year: New York Central,
sl4, 3Sl, 3O2; Hudson River, S5,523,6ll,
and Harlem, $2,756,232. The receipts
of the Central from freight were s9,-
40l 600.
Edward II. King, Jr., agent of the
Virginia Express Company in Norfolk
who recently reported that be was
robbed Of the sum of $4,000 collected
by him as agent for bank in Peters
burg. has confessed that he and his
father appropriated the funds, part OF
which he has returned.
The New York printers are on strike,
so are the sailors, so are the tailors, and
now the plasterers threaten to strike,
too. The plasterers earn six dollars a
daylight hours labor. They fancy
the statement would be better If it were
eight dollars for eight hours. They
have an eye to symmetry.
The Senate committee on Railroads
held 4 meeting on Saturday morning,
and agreed to report the bill for the
construction of additional lines of rail-
roads TO the Pacific. In addition to the
features of the bill already mentioned
the committee added two additional re-
strictions, that when any company
fails to pay over to the Government the
ten per cent of the gross earnings, such
company shall be proceeded against
under the bankrupt law. To secure the
payment of the interest the Government
is to retain all money realized by the
sale of lands, and after securing the IN
terest to apply the residue to the re-
demption of the bonds as they mature.
The bill as it now stands embraces the
following roads: North Pacific, Attain
tic and Pacific, eastern division, run
ming to Albuquerque, and from Fort
land to Humboldt river, making IN all
1900 miles of road.
The railroad Investigations before the
New York Legislature are bringing out
some important facts connected with
Wall street manipulations. Mr.. Jay
Gould says that the directors, Mt the
meeting which elected him President,
authorized the purchase of S., 900, 900 of
the bonds of the Boston, Hartford and
Erie road at eighty cents, which cost
100000. They also purchased ST.
600 900 stock of Mr.. Vanderbilt, costing
SO, 500, 900, and, added to this, they gave
Mr.. Vanderbilt subsidy of about
81, 100000. There were other large ex-
penses which made a total of about
s., 900, 900. For two days Mr., Gould was
in doubt ~ to his ability to carry the
road over these obstacles. eff" said
he, "any one had ever known the con-
dition of the company at that time,
it would have failed Immediately,
bat by keeping my own coun-
sci, succeeded in carrying it
through. We could only use the
money raised upon convertible bonds,
according to the law, for constructing,
operating and equipping the road, and
was obliged to meet the S9,OOO,OOO OF
obligations, from mouth to month, by
using the earnings of the road for that
purpose, and by being myself Il very
heavy borrower on my individual cred,
it. Then Vanderbilt, who had agreed
to withhold S5,OO0,0O0 of stock in his
possession, threw it on the market and
tumbled our stock away down, but fail
ed to swamp the road. We obtained
for these SO, 100000 of bonds about the
price of the stock at that time, which,
believe, was about forty cents, so that
we realized about S9,O0O,OOO, sufficient
to meet these obligations of the compa-
ny, and save us from bankruptcy.