The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-05-04

REDEMPTION OF GOVERNMENT BONDS
Since the LIST of May, 1859, three years, the gov
eminent has redeemed and cancelled s257, 79i, $50
OF its bonds, for which it paid in currency
$685. 22s os2 $751; more than the face value
of the bonds.
INTEREST CEASED.
A great number OF persons who do not keep
close watch upon the movements Of the Treasury
Department have applied for their May interest
on registered government bonds, and expressed
considerable surprise receiving the Information
that they had been called in and the interest
stopped. There have been three calls made. In
cluded in the first are all bonds from No. to
No. s,9o6. On these the interest stopped on the
first day of December last. The second call includes
all bonds numbered from s907 to 1908, inter est
ceasng on the 18th OF March last; and the third
call includes all bonds numbered from II, 009 to
1880 interest ceasng on the Goth of March last.
LONDON STOCK EXCHANGE.
At four O'Clock this afternoon consois for money
were quoted at 93a, ana for account at 03ls e3t
American dve-twenty bonds. OF 1867 s31s o3ss !;
new lves, sos American Erie shares, 54i4 54la
protected Erie shares, 54is a542l.
The bulk of bullion in the Bank OF France in
creased last week 100000 francs.
OHIO AND MISSISSIPPI RAILROAD BONDS.
The Ohio and Mississippi Railroad Company have
disposed of the balance of their first consolidated
mortgage bonds held in trust by the Union Trust
Company for the redemption OF their prior indebt-
edness, which amounts to s3,60o,0o0 BY this opera
tion the consolidated mortgage becomes the first
charge upon the road.
ERIE RAILROAD EARNINGS.
During the week ending April 80 the gross earn
ings the Erie Railroad amounted to 1892 $50, which
shows an increase over the earnings of the CORE
spending week last year OF Sl32, $780, The receipts
for the month of April foot up s159s,5 500, against
81 253, 955 for the same period in 1871.
THAT BIG RAILROAD JOB
AS previously announced from Washington there
has been what is called q 'big railroad job be-
fore Congress. 1t was introduced in the House Of
Representatives by General james S. Negey, OF
Pennsylvania. The bill rectcs that various rail-
roads of the country rendered valuable service
during the rebellion by carrying troops and mill
tary stores; that the government paid but two
cents mile for each person carried, and thirty
three per cent less TO companies that had
ceved land to aid in their construction The bill
directs that the Secretary of the Treasury shall
pay full fare for all the soldiers carried between
the lst of August, 1861, and the 1st of August,
1867, period OF six years, deducting the amounts
already paid. The railroads named In the bill are
the Pittsburg, Fort Wayne and Chicago; Michigan
Central, Chicago and Northwestern, Ohio and Mis-
sssippi, Chicago ana Alton, Burlington and Mis-
souri,, Chicago and Rock Island, Milwaukee and
st. Paul; Chicago, Burlington and Quincy; Han
niba and st. Joseph Kansas City and Council
Bluffs; Toledo; Peoria and Warsaw; Toledo and
Wabash Northern Railroad Of New Hampshire, and
Old Colony and Newport, This has been well
termed :pig job" and II it had succeeded in get
ting foot hold in Congress 1t might by the most per-
sistent lobbying, succeeded in becoming a law. IL
would have required appropriation OF s25, 900, 900
to settle the claims, and we do not think the gov
ernment's finances are in condition at present to
warrant the giving away OF any such sum- The
bill, we learn, has since been withdrawn by the
member that presented 1t, he no doubt having be-
come convinced that 1t did not contain sufficient
merit to warrant moments consideration.