New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-01-26

The President Of the Milwaukee and st. Paul kairoad
comnanv saws that the taxes exaced OF them by the
State and Federal authorities amount to an average Oh
four cents on each bushel OF wheat carried over the
road This Is not fair way to put it,, as the GOV
ernment in July 1906 relieved railroads from all taxes
ON freight and they now only pay p per cent on gross
receipts from passengers and mails The tax on gross
receipts paid to the Internal Revenue In 1865 was
S59I7,293 81; for the year ending June ~ 1000
a. 49, for the year ending June So 1867 2S255 "a
and for the year ending June 80, 1863 S3id5 ~ mA
ing decrease Of the railroads since 1866 on gross
receipts o. We have before US the receipts
OF the Milwaukee and St. Paul Railroad for freight and
Messengers for 1863 Receipts for passengers 2
for freight So Under the law OF Congress- pre-
yous TO July 1866 the this road for gross re-
cepts would have been from these two items sf'o59 ~
The tax in 1868 was only s23s2 &c. difference In favor
OF the road sO6 57 TO- In this estimate We nave no'
included the receipts from express, mails, &C.
The amount received for freight on the Erie Raroad
in 1859 was s25s3e3 49, The tax on this sum previous
70 July, 1866 would have been s3l459i 81, and this
amount by the law relieving railroads OF the tax OF y
per cent on receipts of eghts has been saved to the
road. Have not taxes been redueedi
The Macon (Ga) Telegraph says;
The money market was rather easier during me week
has now little difficulty III getting accommodation
at the usual rates OF discount
The ST. Louis Democrat says:
The money market remains very quiet at unchanged
rates All legitimate offerings at the banks are readily
met and great deal more money could be loaned than
is lcalled for The demand Is very small EAcnanSe
still rules easy.
This does not look as If the West and South needed @
OOO 900 more currency
A very important report was made to the Board Of
Trade IN Chicago, by q committee OF that body, on the
22d inst, in regard to system Of registration OF
warehouse receipts Of grain that, when ware
house receipt is rendered for certain amount
OF a specified grain, there will be some guarantee
that there grain in store here to fill that receipt There
is and been for many months past general BELIEF
among dealers in grain in that city that warehousenen
occasionally the stock Of grain in store by issu-
ing fraudulent receipts and is ntmaed by come that
the failure Of at two corners" was attrb-
utabe TO the action OF warehousemen issuing receipts for
considerable grain than they possessed at the time
the receipts were issued The report received, and
action on was postponed until the oath. yesterday
The following were the earnings OF the Lake Shore and
Michigan Southern Railroad during the third week in
January:
The Secretary of the New-York Stock Exchange has
forwarded to the President and Directors Of the Chi
cage. Rock Island. and Pacific Railroad the following:
NEw-YoRK STOCK EXCHANGE,
NEw-YORR, Dec. %, 1862 )
The President and Directors Of the Chicago Rock Island,
and Igec AZ the he, last regnlar
it was unanimously recorded that the Secretary be di
resd to TOR 80 ySa e a.. & a ie
Gates Of apprehension public mind ami
H1ea This Exchange month; called upon the vaou;
bond. nj st BE more and frauds;
this ds e ' except the Chicago Rock sni and pade Kali
road-h company BY lis adoption % pan 'pon US m
ends heartily this Exchange that recognition Of the
f5 emlTe4 due TIE 1d COMPANY Ss be pD, and nj
Of the Chsg0 ok Island aud Paa Railroad COMPANY their
safety .ganst frauds TIE new eer1eae design Psp1Te
the stock BIhaIge earnestly commend this example for immediate
Respectfully yours, G. Ii. BRoDHEAD, Secretary.
The aggres ate amount OF exports exclusive OF specie
from the port Of NewYorK to foreign ports for the week
ending Jan. 25, 1870 was $2,696sO6.
At a meeting to-day OF the directors Of the Little
Miami Railroad Company in Cincinnati, it is reported
that decided to lease to the Pennsylvania Rail
road Company Pan. Handle road. the Columbus and
Xenia andhe Little Miami roads, and to Increase the
capital OF the several railroads from 100000 to s0OO
The following gentlemen were elected directors OF the
Little Miami: II. j. Jewett, James C. Butler, r. Cas-
silly, Richard Lewis j. II. Rogers, Henry Hanna, f.
Dexter L. b. Harrison. ". H. Clement OF Cincinnati. j.
r. swan Columbus John Bacon, Springfield; and VIM
Hiving OF Xenia.
Pennsylvania stocks to-day State 6s third issue, lO
Reading AZ; Pennsylvania Road, $50; Philadelphia and
Erie, 2sl.
The Chicago Republican says:
There has been during past week easier feeling
In the money market arising from small increase IN the
movement OF currency and from the Interior and the
disposition Of bankers to more readily accommodate their
regular customers loan upon hrstcass paper. In adj
dtOn this prospect Of Improvement In trade, the
price of wheat has advanced since Friday last Sc.
bushe or has been added the value OF the grain
product held throughout the West 10 cent within the
last two days II this advance in grain Is maintained
II undoubtedly will be- and the prospects OF business are
further strengthened by still higher range OF prices
before the opening OF navigation, the mercantile inter
ests Of the country think, will experience season OF
healthy activity the coming Spring In no way exceeded
by the profits OF the past several years.
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BANKING AND FINANCIAL.