The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-04-17

Is. c. ~. lUies lo4'4 L. > Is currcyl2l l2l3s
Among the securities sold ut auction at the
Merchants Exchange We're; $1,000 Erie Halfway
Company first mortgage, 1903 e.. 900 Erie Rail
way Company third mortgage. lO7h 1875 shares
s" See" Street and Grsnd Street Ferry railroad,
1876 70 metropolitan Gasliglt 1875 "a Harlem
Nassau Gaslight, go; 80 Commercial Fire In
surance. 1879 8 Produce Exchange Insurance,
~ N MsirenaInIss Fam Eaqsa b IA izb 10
National Bank, 1882; 800 Irving National
BANK. ZIG; go Peoples, Bank, ll3; % Bank OF
Insurance. 20i: 10 Broadway Insurance Com
pany, 200; ll9 Manhattan Gaslight lssh@lss;
IN re5 Co1PsF tT nsHra an 2g5 80 H9%e
1885, 81 New York Equitable Insurance. 1877 I;
- North River INSURANCE. llSR; 10 Hoffman
Ere Insurance. ~ a; p .Elnn Insurance II
New York. 80. 80 Groccrs' Bona ST. 80 East
River National Bank; s2's: lG Irving Insurance.
7jis; lOu Globe Fire Insurance. 10; - Rutgers
Fire Insurance. l7jA.
The Secretary Of the Treasury has issued
circular offering for sale $3.50 100000 Of q
cents at 1903, the money paid to bt left on de-
post where depositary banks are the purchas-
ers. until II Is wanted to redeem called lOIOs rs
they become due. He offers also TO give in eX-
change for any outstanding uncalled 1910
bonds Of the United States an equal amount OF
4 g centum bonds, paving To- the holder inter-
est accrued. premium OF one-halt 81 Y cen-
tum. ana = compassion oi one-elghth OF 2
centum. Ten-dollar refunding certificates may
h'i o9 cohNetied upon tssir surrv9dyr To- me
into q centum bonds at par, but u premium
Of onc,halt OF q centum Will be required on
all such refundng certhratcs issued upon the
certificate OF n national bank deposltary.
A bill has been presented in the House Of Rep
Teesesnttatiyes, ~ the Committee on G2inaSc.
one proposed by Mr. Kelley. providing for the
redemption Of subsidiary silver coin in legal
money az the Treasury when presented IN sums
OF ten dollars or multiples thereof. The prn-
ciple involved is sound. and the bill in some
form or other ought TO pass. The Government
pays out the subsidiary coin at par. and ought
TO redeem 1t at the same rate.
We remarked, n few days ago that the rental
charges OF the Erie Railroad could not be far
credits. Our estimate is confirmed by "A state
ment In this mornings Times, which is SAID to
be given on the authority OF director and a
| member Of the Executive Committee. This
statement makes the total annual rentals guar
nntees, and ferry expenses of the road 81 H.
7jG, while the revenues 10 be deducted are
5000 7l9. leaving net total of 1908 037. This is
exclusive Of rentals paid for rolling stock.
which. under recent contracts, is a large
amount. and OF the rent TO be paid under the
| proposed lease Of the Atlantic and Great West
ern Railroad, When all these charges have
been provided for II is moro than likely that
the surplus applicable TO dividends will not DO
as great rs some sanguine operators expect.
The latest reported move in the war between
Go s and the penv err, and RI" dranJs Rail
road Company is the issuing Of writ Of quo
warranto on behalf OF the State OF Colorado.
| the Atchson. Topeka and Santa Ft, returnable
April ~. The object Is To- INQUIRE INTO ne right
| OF the santa re 10 operate ana MAINTAIN ran
| roads In Colorado and charge tolls.
The Supreme Court of Columbia, S. c.. has
| unanimously ordered maniamus to issue
| compelling the State Treasurer to pay out OF
| funds now In the treasury the interest for 1879
| on the recognized public debt ul South Caro-
| lima, The payment had been hitherto withheld
| in obedience to an Injunction obtained In tho
| United States Court by holders OF unrccognzed
bonds the status Of which is still in litigation.
The subscriptions TO the four per cent re-
| funding certificates yesterday amounted to
| t4S. 800
The House Committee on Coinage. Weights
and Measures has unanimously agreed to re-
| port to the House. with a favorable recommen-
| dation. tho bill embodied in petition. which
was filed on Monday last and referred to this
| Committee, making subsidiary coin inter-
changeable with legal tender money In sums OF
| $40 and multipes thereof and making such
| coin legal tender in all sums not exceed
| ing $50.