The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-02-28
WALL STREET NOTES.

A REPORTED FAILURE AND ITS EXPLANATION
THE GRANGER CoMpRoMIsE-RAILwAY RECON-
sTRUCTIoN-cUBAN REFLECTIONS.
During yesterday afternoon rumors were preva.
lent on Wall street to the eject that large
national bank Of this city was IN trouble. The
Ninth National Bank was the one associated with
these runners, and in the same connection 1t Was
stated that the trouble originated with the failure
OF Messrs. vyse & Co., which occurred q short
time ago. About year since Mr.. Vyse resigned
his position as President OF the BANK and since
that time it is stated his relations have been none
other than those OF ordinary cepositor and GUS
toner. HERALD reporter called on Mr.. Mills.
the President OF the bank, yesterday and by him
was INFORMED that the rumor had no foundation
whatever in TACT. MT. Mills admitted that the
bank held certain amount OF Mr.. Vyse's
paper, but stated that this was moder.
ate and fully secured Even II this not
the case, and the amount should eventually prove
a total loss, the credit Of the bank which has .
capital OF 500 O0O would not anected. 1t has
to DC borne IN mind That Mr.. vyss, OF Vyse Co.,
Is Vice President OF the bank mentioned
THE POTTER AND IT'S CONCLUSIONS.
The following dispatches were received on tho
street yesterday, and support the view OF a final
result entertained by the street the pre- vlous
day -
Both houses OF Wisconsin Legsa lure have refused
,lroad Commissioners bill a third reading this
are
y,o vun.. and NEW r ronK rsb s71 1,a
ceved the ioiowing:- .
The Legislature have defeated the Commissioners bill
ras ssd tie
That law wtnt int9 operation The Legislature Will ad
RAILWAY RECONSTRUCTION.
At the eection OF the Burington, Cedar Rapids
aud Minnesota Railroad COMPANY nela al Seaa.
We're elected directors N ;-JoSn j. Blair New YORK;
A II n York.
wanna; ID. G. Blair. New Jersey; S. b. wlsner.
Cedar Rapids; George Douglas, Cedar Rapids; W.
w. Walker, Cedar Rapids A. s. Belt, Cedar
Eapids; A. H. Spangier, Cedar Rapids; +. W. Bar
hydt, Burlington, Iowa. The following were
wlsner, vice President; W. W. Walker, Treasurer
ana General superintendent; A. 5. Belt, General
II. Pettbone, Assistant SUPERINTENDENT; D. W. G.
Rowley, secretary; Charles F. Van. Assistant
/ General Freight and Ticket Agent; J. W. irae!.
I General Agent
! ana Quincy Railroad SHOWS the total earnings OF
the road $il.64a,sl1: operating expenses and
s.. 1871 soS net Surplus earnings over every cur
I rent iaollity, S425593. which, added to the sur.
total income account 3,945sa2. The sinKing Iund
Is 81, 1872 ~ II appears me increase 10 gross
Inc CAPITAL stock mas been increased dur e the
year 81, 300 Net earnings over every expense are
$il % per share. an increase OF 81 per snare over
year was 2 ~, CPS tons; total number Of pas
sengers carried eastward, ,503; westward,
93S, $780,
UNION PACIFIC.
The government directors Of the Union Pacific
Railroad Company have made their annual report
Tor The year ending June 80, 1874. The repors
shows that extensive improvements have Oeen
now IN n se CONDITION. We take the folio winS ex.
tracts from the report:-
The gross earnings Of the road for the yea.
For the year ending June 80 SSsSvSS o.
Increase for 1874 over 1873. ....... S6l2 los 07
Operating expenses Ac.. for the year ending
Lss surplus material and iasi accoun.... 1sH
Net ncas O. os Ssse ending june o.
For year ending June ~, 1872. 4ssa69o s.
ys 90 Of ms ,s oye5 s nS re q
business OF The country following the panic septen-
ber 1873 the results presented by the earnings OF the
As showing the steady increase of business and earn
we a the @ from Sr na Inc eose sca
10 the close OF our inspection OF the road
For period nls75................. l7l4lll 6S
Excess favor OF the two months Of 1874. sl7SAH .
The Total expenses for The sad two months. 100
FOR said months isiL 1894 S
Decrease in OF ls74............... S,02l4 IS
being IS ss ~ by deaactina the interest on me ss
mortgage bonds (Which the company claim should DO
S"Si i Ss
@ sss j ~ ~ iii
s9Ts $. s amount ss R's =
Balance Of SiiiSS 50 being evidenced BY time con.
The Original grant bonds $40 400 90, 90
August ST. 1874. there had been retired.... 4450N on
Balance fland gran, bonds outstanding; ssss,oog g
Total proceeds OF sales to that date cash
'as You'll thu. the
and grazing situate in the state Of Nebraska and
TO retire the land grant bonds without regard 10 the
lsnrs
Tie year ending June the company earned
passengers'.' $1n,4 -
Mail .....'...... ...........,...... 5s6,l43 W
rreigh''''' 11oi3 IL
The government directors enter into an elabO-
rate explanation OF the great saving TO the gov
eTn%e tbeI In e wts o. ana
OF the easel
Allowing that there will be no increase amounts
were issued IN order TO insure the consrusign q Ihs
The Nsr sSy :, Az has advanced in
Interest on same tor thirty years at : -, -, :,
sals pSs se ans government on saving aons isss
For this term no. OF thirty years she Var De,
would De about $3.50 sSs iS year...: 100000 %
Post Oicc Department about slvO.oD per .ocrm
We have no, pretended to account for fractions this
BY this rule npd the government, q the end Of
thirty years will be positive Rainer by the c0nstruc-
the Pacific Railroad though not one cent shall
returned the Treasury FROM the company exceps
by the modes above stated.
COMPROMISE
Late advces received on the street stated that
the Rrangers and the railroad men In Wisconsin
were anticipating the era OF good feeling. when
the lion and tine lamb shall exchange sentiments
equivalent to "grace mercy and peAce.W
OUR CUBAN COUSINS
seem to be troubled with their gold premium. 10
dropped 30 suddenly yesterday that exchange
became demOralzed 1Or sugar bills. The premium
fell SIX per cent IN few hours, with tendency ssin
downward. Our cousins certainly nave many