New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-09-01

Specie ISG2Sl0J Deposits. .Z3J, 900 100
CrsmatOn". ACKNOWLEDGEMENTS
The transactions at the Clearing for the past
week compare as follows with those of the previous
week:
Cearings for the week ending Aug s201t9ie9 &C
Cearlugs for the ending Aug o.. S27I5lG4 43
Ba ances for the week ending Aug o.. 1917615s q
Balances Tor the week ending Aug 29.. l,OZ2,j5l ~
The Toronto Globe has a special dispatch from
London, covering an abstract of the reply of the
Directors Of the Great Western Railway of Canada,
to the report of a Committee appointed to investi-
gate the management of the Company. The dis
patch says:
The Board review in detail all the matters referred
TO by the Committee, and that, while liable to
like other men, they have always stven TO promote the
CompaDy's interest to the utmost of Their power
They add that certain events they had control
They could mitigate the rgor OF the unprecedented
Winter Of 1929 they could stop the rapid advance
OF the price paid for labor and materials OF all kinds
they could do no than they did to ward off the
construction OF through routes by competing COM
panes, and above all, they could not foresee
control the aggravated financial American crisis OF
last Autumn from the effects OF which the property is
at the present moment common with all other rail
ways In this part of the world, suffering severely.
large Of capital expended in improving
mOdatIons for rapidly increasing traffic. which tho
contractors were informed had limit, except the
ability OF the Company to carry IT. is for the
passes away and tho ordinary of trade is
suned there be doubt that every shilling which
has been laid out will yield adequate return to the
shareholders
The Central Railroad OF New-Jersey in ORDER as their
circular addressed TO the stockholders states esab
llsh fund from which to draw from time to time the
necessities of the Company require, have decided
to execute consolidated mortgage all their rail-
roads, equipment Of all Sorts and all the appurtenapces
of the railway 10 secure bonds amounting In the whole
TO not over S25OOO,0OO OF these bonds q sufficient
amount will be reserved to exchange pay at ma
turiy, the existing 100000 first mortgage bonds the
$4,000 Newark branch bonds assumed by this Company
the $4,000 bonds outstanding of the due 1875
and also many of the sOOOOoO convertible bonds as
may converted into stock when that privilege
comes into operation in 1875 The remainder of the
The Directors ofsr the stockholders 5000 bonds
Of 81 900 each dated Sept nst due July 1899,
ing interest at the of seven per cent per aDHum
pay able quarterly the first days OF January, April
July and October In each year on presentation OF the
interest warrants annexed Both interest aud principal
Is payable at the Office OF the Company IN the City Of
Tns }e I Of the loan as the circular
Psym1ts for coal interests now appearing as part of iu-
Steel oomplsie resyins maia 10000
Coal shsrye md rev dun ag iee. At Pc Johnston zoo 00o
Advances for branches. second track &c. on Lehgh
Improvements On Central Road maton-hOuse. new
BuiiSes1s snS Se .. ccmmaaib.w intending settle, Iooooo
meat Of npsap nsA with State OF New Jesey.. 1000
The circular calls attention TO the fact that four
years the gross earnings Of the Company have increased
IRON 0l0I2l 10 s3Ssl36s while the net earnings have
fsen from $,367 ,95s TO u, G05,7S2
Tue changes made In four years In the Investments OF
the Company, shown by comparison Of the balance
sheet gwen III the report Of Jau 1869 with that OF
Jan. /, 1874. are follows:
Ap<, toOOOOOO w
Bopdei oeo increase 5.3s6,7OO 90
Bond OF otter companies ASSUMED 1904 l03 20
Accounts aysbe-lncfeAe tess accounts receivable 1888 IS
URdir,ded priests expended 67l6l0
Total. 20