New-York tribune., 1870-05-28

TIy Of York, authorized by the last Legislature
and by resolution Of the Commissioners or the Sinking
Fund passed May - 1870 These bonds VIII bear per
cent interest payable the 1st OF November ana mayor
each year. aud the principal win be redeemed the 1s
OF November, 1901.
The railroad facilities OF Pennsylvania to he still
further increased by the Southern Pennsylvania Iron
and Rnilro1d COMPANY" The Company propose 10 con
meet the rich iron ore beds of Franklin County PeDnsyl
yania at a point Cowan's Gap, with the Cumherand
Valley Railioad about four miles below Chambe rsburg.
road pass through rich agricultural section OF
the Cumberland Valley, which mas long necue9 rllway
facilities convey products to market; ana IRON De
hearty support and cooperation already PROMISED ne
Company by the people along IT'S llnes pr2lss 70 Dc
Of the Company are Mr. j. Edgar Thompson, PRESIDENT
Of the Pennsylvania Railroad and Nj. Fred9rica W,,; ~;
the Company in this city invite the attention OF Ses9s
the remaining unsod bonds which they now oier Ior
The directors Of the Second ave Railroad have declared
quarterly dividend uf 81 per share, payable on tie lSt
Messrs. j. ". Seligman d Co., the wel-mown German
for travellers payable in all parts of the world on the
most favorable terms They VIII alsO make telCBidphc
transfers Of money TO Europe and California.
The directors Of the Little Miami Railroad Company
have declared dividend Of per cent payable Oh aud
after June IL.
The total amount of the bonded debt of the state Of
Louisiana is sl4y0o5,3OO.
The Cleveland Columbus, Cincinnati ana Indianapolis
Railroad mas ordered 1000 tuns or sOhd Bessemer see
rails for the line The Board OF Directors, at their last
tO SIPS per month, and have done away with all the
patent checks upon conductors receipts The object
il TO place man in circumstances beyond the necessity
fbeing rogue-thus cultyatng by the removal OF ss
piciOus checks, high sense Of honor and honesty.
We learn from tine annual report of the Milwaukee and
St Paul Railroad Company for 1869 that the roads owned
by this Company 9l miles In length and the Racine
western Union and the Eagle branch Will increase the
total length of these lines to LIS miles. The gross earn
ngs of the road for 1869 s06S 49, an increase OF
s3j coo 1868. The expenses were - 22gsS2 H. eay
ing the net earnings S5GO,7s6 81. dividend OF the
earnings of 1869 paid Feb ID on the preferred stock
O per share in cash. and s3 per share in common stock
and the common stock s. per share In cash ana y per
share IN common stock The dividend so declared in
creased the capital stock sS2,9O from Feb Is, 1870 and
COURSE adds that extent to the cost OF the
railroad aud property owned by the Company. There
rcaid ls0 tus of new iron, ana 50 tuns or steel
One hundred and forty miles of new fence was built
during the year.
rstcass passenger cars 10 secOndcass sleeping cars
81 baggage mall aud express cars, 223 box rclghI cars
and 7O fiat and stock cars During the year 1870 IL Is be-
Heyed that 1000 additional miles OF road will be brought
into and connected with the St. Paul The total cost
OF the road at the time Of the report Jan 1870, was
So .5ls-{S 20, "a fOllOws