, 1875-12-30

It will be noliccl That tho Lonlel debt reached ts
maximum In 1871. Since that year 1t has been re-
duccd by tho payment Into the sinking fund Of half
milon OF bon.,l TINT printed. but noyor Issued
The 81 20a, o00 lint have tssn aided to bonded
debt represent tho spent for sewerage tunnels
schuolhosex, rscr-iinprorernsnt, and ether mtucl-
1al purposes aa waa explained In our editorial cul-
tho o!hcr day. II4u this SUM uot been
obtained by borrowing, 1t woult, at course,
have Lccn ndlcl to tho bnnttaI burtlcn OF
the taxes. At the present limo thu limit OF tho bonded
Indebtedness OF tho city having been reached e
rtndures must be kept within the annual Income or
aled to tho floating liabilities Of tha city. TIE doat-
ing liabilities Of Chicuso Aprtt !. 1878, ira slated by
the Comptroller at sI07psl2. Thero taxes duo
70 cover tAia debt.
CALIFORNIA cAr1TAL
California has brayey goI over hpr late slight panic
III addition to oher now Interpretations In Ban Frau-
rsco within few weeks with capital to tho e1tent Of
sIoGo to, increaso COO has been made or
Is proposed Ia tho capital of companies already In or
tStsnce. It s contemplated IT, increase tias capital
stock Of tho Savage from 81 Q 10 SIT 0o. tho
Caledonia from s2.e0a,o0u 10 $4,000 0o0, Tho Julia
from 81, ,ooo oo1 to 81, 900 m tho Now York from st.
o1o, 600 to SUP 001. Tho Fatny gentleman etates
that tho following mining companies have already In
creased their capitals Tho Justloo from s70Ono 10
s!o,0oo,oco. aud ths n. T. lliu from $1,tcu,oJo 10
slo,ooD.01o.
SURPLUS or NATIONAL DASEs.
Now York Ii taxing It's Natioihl banks o, their sgr-
Iluh, aud some Of Them distributing IT ii, dividends
to avoid The ttnpost. Tho banks havo m aggregate
capital Of sG9 anu surplus eaptal Of $a.esl-
s00. In several instances tho surplus e1cretla tho
capital atocf. In this respect the fasnous Chemical
1snk heads tho list ta capital being but s3oo, Co.,
whilst liz surpiua i4 &32a9,soo. Tue City Hank, With
sl,t0oo0o cap!tal, has sl,s43.3c0 surplus TIE ark
Ut Commerce has capital Of 31o,o0oh0 ami = sur-
plus OF &J,3t0.ho0, And tho Mercantile 1sank with
100000 capital, has &?.0 0uo surplus. The
New York County National hank has ma!o Dividend
Of 100 rer cent out Of ih surplus. The Chemical Isnk
II Ia said. will my Tho tax tA t5uUooJo sur,lus
under protest.
AMERICAN BEcrn1TIEa AEEnAD.
American Government bonds have ken strt,no On
demand for export. There IL an evident disCost.un
on tho part Of our people 10 buy tho currency banls
based on the belief early resumption ol t,pcto.
payments. The bcst class ot AInercan railway bo.s
those thRt have stood tho tent oi panic the s1llaso
Of values tile depressed condau Of L.sne2a for thu
past two years, sl are nut Threatened with defsuIt,
are lii fair demand BY Investors and regarded among
tbs most attractive of foFciEu sccuriltea Neccutly
rnnEhcd co1nra1t.ona between American and English
Railways remarkably favoral1 To tho forrr, fart
Which has aEge!y eonlcod to ther rtea. faI,,I.
lAFIty aud 4sruIeI for trkn tho condeute Of ts pub
lie, lndttt the seAheax Of the 4dyancs Of American
GoEcrincut and Fal~ londa IL OF tho iukt sA-
l!etoFy features of tIH LDEdol luasket.-Ae.e lVrE
Herald eQbtt atsiatch, iJfr. -.