New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-12-08

TIE LOUISVILLE AND PORTLAND CANAL.


TIE LOUISVILLE AND PORTLAND CANAL.
In pursuance oi tue DIR .cion contained ia Section OF
che act Of May H. 1874, entitled An act providing for
the plymeu bonds of the Louisville and Portland
Canal COMPANY" Mr., r. W. Taylrr First Controller Of
the Treasury. instructed to proceed to LOUISVILLE
Ky. TO make the examination authorised by that sec
uoh; lis ltP.lI hlr'o appended SHOWS III what man
ner his instructions were CARED ana the result OF
indebted To its treasurer tie Of $3J7 81 which
has since been paid. There outstanding the
Company amounting 10 Sll72 90. bearing per
terest payable scuI duuuIh and JAY in each
year, TAc-e bonds viii mature Juy, 1876, jay. 1884,
against inc company, nor IN their favor from the
directors The trustees under the mortgage, other per
sons. The five shorrs or stock held by tbs directors
have been Transferred TO the United states. and the
value thereof iucddlng INTEREST amounting TO Ss3 80.
has been PAID III TIE Treasury. Paine notice gwen
10 the hoaers of the bonds present the coupons due
fewYork. for Payment and of the s35lGo due that
cav S491o nave ueru pail Coupons to the amount of
$780, past at thar tme but previously presented
have since been pall at tho Treasury.
DEMAND FOR PAYMENT OF TIE FIVE PER CENT
EARNINGS OF PACIFIC RAILROADS.
BY the sixth section OF the act approved July l. 1862,
TO aid IN the construction Of Pacific Railroad and
subsequent legislation, the Central, Union, Central
Branch of the Union. Sioux City and Pacific. Kansas
and Western Pacific Railroad Companies required.
from the date of The completion Of their several roads,
TO the United states hve per centu OF their annual
net earnings. Con at ITS last session. by act APP
proved Juue o. directed the Secretary Of
ury 20 demand OF the treasurer OF each OF SAID
all due to the United States and in default
OF payment for 60 days thereafter TO certify that fact
TO the ATTORNEY General, VINO Is required thereupOn
IN institute such legal proceedings as may be
found necessary to enforce payment thereof The law
In the opinion Of the Secretary. cOntempates that
demands shal be made for specific sums based upon
the net earnings OF each road from Its completion, and
for this purpose he has assumed that tue completion III
each IN the absence " more definite information,
dates from the the last nstailment Of bonds by
the United States, under the act OF july 1864 The
Goth section Of this ACT required the COMPANIES 10 make
annual reports 10 Tue secretary OF tno treasury WHICH,
II made, would show tHeir annual net earnings but by
TepOr the Secretary Of the Iuteror They have not.
however, appears, fully complied with this re-
quirement.
Upon correspondence with ~" Secretary OF the Int
ror IT is ascertained that their reports Nre 80 lnper,
1ect as not 10 disclose the net earnings OF the seNOa
companies. demand was iheTeupOu made by the
Interior Department upon each Of the companies for
specited 20 and incudng the present year, such
iopoI:s have not been furnished.
Having delayed reasonable ume 10 give the COM
panies opportunity 20 furnish the desired nfOTma-
ton, ana failing 10 receive H. resort was had to such
other means of information were within reach,
namely to tue annual reports OF the Presidents OF SAID
companies stockholders aud sucn further statements
relating 10 the Of the several companies as
General public, Upon information derived from
fSese sources estimates have been made APP
proximatIng as neTly as pfa ei sa dsmands
have been made for the payment Of the amounts thus
ascertained. Demand IN writing has Deeh sefT r
personally the treasurer Of each conpany Inc
aggregate amount due from all the cOmphnes upon
the beet data AT baud, closely approxmates s9VNvVo:
WIN Be reported Attorney 3nera IN conformity
to the requirement of the act of June "a, 1874
REDEMPTION AGENCY FOR NATIONAL BANKS.
II Congress shall deem 1t expedient 10 continue the
pres.pt system OF redemption OF National bank notes
il recommended that the number aud compensation
f employees in the division organized under the act
q, June 90 1874 be liked by law and their appointment
s,eS IN the head Of the Department, IN accordance
with the constitutional PROVISION
Tile TREASURY PRINTING SHOULD BE DONE IN THE
TREASURY.
Careful consideration OF the manner VI p'epsiinR ''
-. no,.s and stamps issued by the United States
49,, ., ,ha conclusion that the work can be more
sau,fsctory and safely done in the Treasury Depart
ment than else here The Bureau OF Eagravip,R ~,
printing is now supplied with the oest d ma me mos
.hioh 1as been acquired at great cost, anu w. mr.,
sHiIiful artists are Employed by the Government,
out difficulty. The system VI cheeks now ~ h U.s.
snresu together with the special paper nerol0'V'