New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-09-08

has commenced to run regular trains from the EnrfSr
ton end distance Of 20 miles The work upon tb yo.
sprOceedng rapidly ct both ends OF .h line, and an
other section Will be ready for business 10 few weehs
The Chicago Railroad Gaseas says; The election Of Mr..
Mitchell as President o; the Northwestern Railway, hA
Victory OF the West tyer Wallst 1t indicates that the
roao VIII DO cperated legitimately; that 1t VIII be I'm
to meet the growing demands ofthe country
ro" which 1t runs; that Its dividends VIII Dc mace
-om legitimate net earnings, and not by starViDgthe
road Mr.. Mitchell has made reputation as manager
OF railroads, and not dealer IN stocks, and MS eiec
ton indicates that the Directors wish to make use Of his
peculiar ability.
The Times financial artiee) says, in reference to tho
debt OF the State OF North Carolina
Raleigh announcement by telegraph is to the efIecr
that the April interest will be paid In that cy ON such OF
these Especial Tax Issues may be In tho hands Of
the publicthe amount SAID 70 DC Two or tnree ions
practicable % build certain new railways IN preference
OF including back interest SSs
latter acknowledged TO hold the same rahk az
charge upon The % a secu on the ne
bonds upon the provision OF the ainehHea
ton recurring additional taxes to be levied by the Legs
iature whenever the State debt il increased But we dis
cover nothing more forclbe III the new ta ~ Me Oid
faith And II the holds Sl1.2l 600 stock and mort
gage in the old railways most OF them az .war
which cannot made available with the hep Oh tne or
binary State revenues 10 pay the interest on ssoco-
even after arearages OF interest up TO 1866 nad been
e@t ana the fSndns bo@ds to the smOnn
now known as New North Carolinas" sold in the New
York market at 65d7O cents the doar-it is scarcely
TO credited that railways, some or them barely
commenced can be implicitly relied upon TO help the
State pay the interest $l624000ODluch longer az
least than will take to market the whole amount We
make these suggestions by of caution to the public
of two nstaIlmens OF interest to be paid on few
millions already in second hands as sold FOR eash or e1
changed for railroad iroD but in no hostility to North
Carolina credit properly administered
The business of the Illinois Central Railway for August
1869, was as follows
LAND DEPARTMENT.
Acres Construction Lands sold 457l OF for si033c
Acres Interest Fund Lands sold. 1000 for 50i 90
Acres Free Lands sold.......... S454O for l2674 "a
Total sales during the month Of
To which add Town Lot sales......
Total Of s;.....-.S'aS7''if for SCI. s;s1s 90
TRAFFIC DEPARTMENT.
Total Receipts in month Of August 1869 s6792 10
Total Receipts Ill month Of August, 1868 6766S 10
Increase ............ $3.50 90
Estimated earnings in the month of August on
the d. d s. c. r. r. not included above lOsce Is
Corresponding month OF 1868 sS,I42 ~
The Abngdon-square Savings Bank commences opera
tons to-day in the banking house Eighth ave-, near
Twethst Residents of the West side Of the city Will
find the bank great convenience. Interest is allowed
on all deposits made before the ls OF January from date
OF deposit.
The aggregate amount OF exports exclusive Of specie,
from port NewYor to foreign ports for tho week
ending Sept T. 1862 was A,323,7s3
The whole line OF the New-Haven, Middletown and
Wimantic Railroad known the air line to Boston, 10
under contract and progressing rapidly IL Is proposed
to have the road open from New Haven to Middetown
next Winter early in the Spring The road viii be nm
shed East Of Mddetown next year. and when it Is COM
pleted the distance from New-York to Boston VIII be
about Is miles, saving one hours time between
the two cities.