New-York tribune., 1871-01-12

The philadelphia Stock Market was firm to-day. Penn
syvana g. 81 ISSUE sold at 1Oj; Philadelphia and Erie
Railroad, % Reading Railroad, 495 aud pennsylvania
Railroad, c. Gold closed at 11l5c.
We have received the following communication from
Mr. Rufus Hatch and respectfully suggest that in the
statement and figures which he presents he admits the
fact that in part at least the stock issued and called IN
his circular "watered" paid for IN cash. when casl
was applied to the improvement Of the road. ST. JOINS
Park Depot cost as we understand, upward Of 100000
we propose discuss the question further, but
deem fair to wait for Mr.. Hatch's next circular In
which is TO he hoped that he will meet the material and
important question TO whether or not the NY Central
ana Hudson River Roads actually per cent not on
the "watered stock"
To the razor Of The rribune
SIR In reply to your article in this mornings issue, In
Which You quote nom my Circular No. l-Aa. not one
dollar Of the yqterngs ol hc ~ ~ Ge,,aI @ ana M hudson
city earn more money been increased single penny
by these watrringspcnit me 10 say that II you VIII
examine the report OF the Hudson River Railro1d for
1870 yOu Will find that Mr.. Vanderbilt issued sOgOO OF
stock u he stockhOldIs, for which he received
s5,5ocoo] And, at a later period he sold addi-
tional stock Now at $1,000 per oon mie-ihe tile
double track the road for l75 miles and the old iron r.
placed by The steel being worth 5000 per mile OF single
rack would yield 81 OO0O-enough to buy and build It.
Johns Park Depot You Will see Therefore, that inc i'm
proycmcuts have all been assessed on ne StockhodeTS,
by reference 10 the reports OF the NewYorit Central
Railroad that its stock was Increased Ia lst465 about
You ay, The real question s Docs the Central and
Hudson Railroad earn per cent ncton the wattr red
sock tairly aud hOHcsEyV My j., first, that
that subject is referred TO IN the Circular No. l.
Proposed 70 discuss this question IN subsequent cir
cur but will say here that II Mr. Vanderbilt goes
increasing his ars he has, will he seen by refer
the rates, in the face OF decrease III operating
expenses, then he pay the per cent on his watcTCd
stocks. and by continuing to advance his tariffs, he can
pay per cent dividend still JiTthtr issue OF
boGsts capital, aud without limit iTOCdcd Ne peOge
tV submit n H.
No. IL EgOdd-Si., Nee York. Jan. H.
The Home Insurance Company OF this city present tic
35th semi annual statement Of its afIs in aAotL,r
column. Tire statement il 4 favorable one aud viii C
gratifying both TO the patrons ana stockholders of the
Company. Tie Company has cared dividend OF
five per cent payable demand The cash pal OF the
Company is s2500G0 The assets amount TO SJ1OG o.
and tie liabilities to Sl99G65 II.
The Hope Fire Insurance Company has declared n
scmannual dividend Oi five per cent, payable On &c
maud.
vt meeting Of the sOC khoders of the American Ma
tOHJl Bank, tie 1Oh inst, j. w POtle OF POttle IL
Jlcoby, No.G F.OIt-st. Jacob OberAOsgr Of Ely Obcr
boser Co., No. 329 Broadway; s. A. Ectfeld, William
H. Lyon OF William III. Lyon & Coz No. 483 Broadway
T. Sh"rIdrd, H., No 54i Broadway; Wm i. Mayhon, No
SO Broadway, and Joseph Pool elected Directors
JosePh Pool was unanimously reelected President.