New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-03-30
The following Is the result the business ut the United

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the Senate these bids range from so so to $40 per
share and the bids do up TO the prices asked
by the holders. Some OF these banks have surplus
almost equal to the amount OF their capital The First
National has capital Of 100000, aud surplus IN octo-
Der last Of 500 and undivided profits, $4,000 The
National Broadway, with capital OF si,O~OOO'
has undivided profits, slGl7,255 81. The Ma
| tonal Park Bank-Capltal 100000; surplus
fund sl,fO0,OO; undivided profits s129,GH 10.
Metropolitan Bank-Capita 100000; surplus fund and
undivided profits {1,72l,496 IS. American Exchange
Bank-Capltal 100000; surplus fund and undivided
profits, HlIsOo3 So This surplus has not all been nc
quired since they became National Banks. 1t is not
strange that our bank stocks held at so high
figure firmly They not only show as awhoe, good
management. but the surplus and undivided profits
mako them valuable, either to keep to SELL One Of the
best bankers said 10 us recen;y There is no prOpey
the National Banks opposing the Funding BILL because
II 1t becomes law, and the banks find they can
not mako fair and reasonable profits under
tho amended law. they retire from business. We
shall not be compelled to continue business at loss
But with 4 per cent bonds basis Of security, and
with reduction Of taxes circulation the banks would
deDcc in their conduct MI Boutwell, states that but
bill On the 22J OF January last the national banks with
capital stock Of s260i 900 held as Individual deposits
5is.56l77, and as undivided p0nts S5'%29oo Inelr
loans and discounts were SGs5Sl 06G ard their ereua-
si53sJ specie. against s1JCO0cOO oct Would not
per cent years bond be more valuable Tor banking pur
the after five years There Is 10 class Of
stocks held sold at 50 hgh ngGre as the DatOhal
bank stocks They have paid large dividends ana nave
The Committee of Ways and Meaus, the Secretary Of
ISOLATION had interview this afternoon at Washing
ton aud reported that tho bank men declared the
Funding bill passed, they would retire their capital IL
will pass, and the bank representatives at Washington
retire and go out Of business other. VIII step IN and
have nm Increase o, bank capital so that bank notes
nall a q
and all Will be well The day is not far distant when
legal tenders" will demand "A specie premium!
| The Chicago and Alton Railway will lay during the
present year 10000 tuns GO niles OF solid steel RAILS prn-
| cIpally between Chicago and Wilmington.
The general commerce Toledo FOR 1869 amounted TO:
Imports, ss2.36070o; exports, s123t32 adding TO
amounts s425 s943Sl The lumber received amounted
to feet During the year r COZ neT building,
grain traffic amounted TO lsCGo9i9 bushels beside which
there total of 27s95iO bushels of through ship
The Rock Island Bridge bi passed by Congress, and
sent 10 the President declares that In the construction
OF the bridge between Rock Island and Davenport the
Secretary OF War shall have power TO construct the same
road below the track the expenditure Oil the part OF the
| United states not to exceed 100000
The Troy Republican says that the contract for grad
Ing bridging, and teing 20 miles OF the St Joseph and
Denver G Hallway Tas let few days nG ana oa
to the balance OF the world and receive heavier
The topeka Register says: "Mr John d. Perry has Just
returned from Europe, where he has been negotiating
the sale OF bonds purchase OF iron, etc. to hni;h the
Kansas Pacific Railway 10 Denver. He succeeded aud
the arrangements are completed, and the road VIII be
flushed to Denver By the st Of August. Work will be
pushed from both ends at Tho railroad from Den
yer TO Cheyenne VIII soon be done. and trains Will run
The Chtcago Raiiiray Rerie,c says the Chief Engineer
OF the Illinois Central informs us that ten tuns Of the
this city, at test portion of the track The section
composed OF is contiguous to two sections of the
lively with Tie Trenton stee headed rail- and the john
| Brown tEngsh) solid steel rail.
The Legislature OF Wisconsin has passed bill by
which towns, cities or incorporated villages may upon
ected into or near Their limits ana pay ment may issue
10 the company par bonds Of the town, not to exceed
agreed upon. The bonds express all the conditions
the agreement between the town aud the
The shares Of stock while they remain the prop
erty OF the town are pledged for the pay OF the
be elected TO represent the stock Of the town
stock and the proceeds axe to be applied to the pay
ment Of the town bonds, and for that purpose shall
thus pays the state Treasury fee tax OF
Fix cent Of its earnings which goes to the fund
pay the indebtedness and is credited rata to
the towns issuing bonds for such road special tax,
assessed annually upon the Increased valuation Of real
To be raised at same rate per cent as the State tax and
the With the funds collected from these three
sources, and of which the State IL made the custodian
TO be paid The details OF the law provide against all
contingencies Of fraud or neglect and tend to secure
eved that under the provisions OF tins law many
will literally aid in building projected railroads The
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rapidly developing aud their bonds thus prudently Issued
| Will constitute hrstelass security
The following Is a list Of the charters granted by the
| last Legislature:
Portage Railroad Company Bsraboo Air Line Railroad
Sugar Valley Railroad fact revived ad amended reen BAY and
NsroDdon hrsukee and northern Lone Rock lehl.Sd Center
and Rockford Portage Stevens Point and Superior Berlin Weysn~es
add Lais Superior posss Friendship Grand R.gd and stevens
Evansville and Bend;
Chpps.a Valley aud iais Superior JapesVie and Evansville
| Wisconsin Northern. Superior and 81 Cror
so much zeal and interest Is manifested In favor OF
OF these roads, and such willingness the part OF
the people to aid then that they WILL in all probability,
be pushed forward with much energy the coming
The chicago Rdlrdy RerieU says:
The Of the Benece-s ssiug clipper for
the Chinese trade from NesYok which reached Fran
DAYS Yokobsma reached this Yesterday the
Pacific kssL IL consists Of 1900 chests of The
yue.s have wl. point large portion AZ
the Western market viii This thus
rb. . t. nearly i've months on the ocean rbea the
| Behei.ctress sailed. have Dot vet reached NeS.lok
We believe this the first OF tea from China by
railway. II In the beginning OF new era In the China
| trade and England will gct tea from New York, and
| bills will he drawn New York instead OF London
We gather tho following statistics OF the iron maBnfac
lures of Cleveland Ohio from the statement OF Mr. ID. o.
Cole. whose sources OF information are authentic:
Capital tESiooFo
employ
blast $500
Ians "f coal s.1V
iuhs OF pig mea
Anounl paid or z'o
Value 81 products. stSt@
Tuhs Of ron imported eoitsiss at Ceyeland.. Jla1
Tuus Of foreign imported. 1880
We clip from The Pau Mall Gazette the following items
| OF the inland postage for the year 1903: --. .,
Postage 739 100000 nsud letters A3 5000 5ooeD nsnd
ns.papen and book packets tiosoG seoso Hnd palsrn,
yielded 81 oOoesl three millions sterling
remember The per letter brought 10 81 per cent Of these the
The extra European mail by the steamer Manhattan
will close at 1890 tomorrow, ut tho foreign letter
office, No 20 wiam-st The regular NAL at the Post