New-York tribune., 1874-01-14

The Lake Superior and Puget Sound Company. a
Maine corporation. organized TO buy town sites Oh
the lue of the Northern Pacific Railroad, and to
deal in lands generally and in the neiChborhood
of the line is as we understand, to be wound up
and 90 out of existence. This necessity is said TO
have arisen from the hostility of the directors OF the
Northern Pacific Company, these gentlemen having
refused from the start 10 sell the Town Site Company
an acre Of land or to promote their success in any
way whatever. An arrangement was made last
Thursday between the two companies that the
Town Site Company should sell enough of its stock
70 give the Northern Pacific Railroad Company
the control of its organization, and should
part with all the land it owns along the line OF the
road and elsewhere at fair prices TO be paid for in
the Railroad Company's bonds. These lands will,
we are told. be thrown into the General Land De-
partment Of the Northern Pacific Company and
sold as its other lands are. The Railroad Company
will ere long surrender the charter of the Town
Site Company. The bargain made is said to be a
hard one for the Northern Pacific: but its directors
fouud II necessary TO all occasion for talk
about a Land Ring" within that organization
The Lenox Fire Insurance Company have declared
q serni-annual dividend of five per cent. payable on
demand
The Home Insurance Company present their
forty-frst semi-annual statement, showing the as
sets of the Company 10 be Sis5?697 S.; liabilities
S2lGG.O "A. The cash capital of the Company is
S25O0O0 and the business of the past has been
unusually prosperous. The directors have this day
declared dividend Of per cent, payable on the
10Th of January. We are glad to notice that the
assets of the Company nearly all invested in
Government aud State bonds and mortgages upon
real estate of undoubted value. Attention is called
TO the statement in another column.
The Pheuix Insurance Company of Brooklyn has
declared semi-annual dividend of s per cent.
payable on demand at its Office in New-York, No.
i73 Broadway. The great fires Of Chicago and Bos-
ton did not touch the sl,OOO,OOO capital Of the
Pbenix but only its accumulated surplus which
has again reached the large sum of SSlS95O ~,
which, added to the capital makes the net resources
of the Company $l,sls,95o S. The Phenix has never
yet passed dividend.
The Continental Insurance Company has declared
a semi-annual dividend of per cent.
The STANDARD Fire Insurance Company announce
a semi-annual dividend of five per cent payable
Oh demand
The Erie Railway Company report weekly earn
ings commencing Jan. l, 1874. as follows:
1874. 1873.
For ,ht ending jan 7........ $500 800 1924 77S
Toa Gaming, since Jan L.. $3o0.966 s2s477s
Increase for ~etk ........,........ blSS
Inc. Tor ! week % cate ............ 6lss
The gross earnings Of the main line (lls miles of
the Denver and Rio Graude Railway for the year
1873 were $S2,tO4 and the net earnings, $l9743S ;
for the year 1872 tho gross earnings were S74 422
and the net earnings $lA,O67. This shows an in
crease OF net earnings for the year 1879 notwith-
standing the pane of w per cent, while the number