The National tribune., 1883-05-10
Its Industrial, Commercial. Railroad,
and Agricultural Development
FINANCE AND TRADE.
Latest Reports from Leading
Business Centres.

New Ork Central and HUDSON hlNeT haiIfoau
Company-Chalrman of the board of directors
Cornelius Vanderbilt; president, James ID.
Rutsr; FIRST vice-president, Charles c. Clarke;
second ice-presidenI, Chauncey Nj. Depew:
third Vice-prcsident !. XII. Hayden: assistant
To the president. J. Illlinghast; treasurer, T.
Wv. Rooster; comptroller, Isaac T. Chambers;
secretary i. d. Worcester. Lake Shore ana
Michigan Southern Railroad Company-Chair-
man ol the board Of directors, VIM. h. Wander
hilf: nresident. John Newell vice-president,
secretary, and treasurer, Il. ID Worcester
Michigan Central Railroad Conpany-Ch Chair
man of the board OF directors Cornelius van
derblt: president. L b. Ledyard; yioe-presl-
dent i. ID. Worcester; treasurer, Henry Pratt
Ia tine course of his farewell address, Mr.. VAN
derbilt s,id: " Ii Is my belief that these corpo-
rations are all in sound condition, and that
every prominent position in them is filed by
gentlemen who understand their duties and
who viii discharge them to the satisfaction OF
the stockholders. This fact has had great in
fuenoe with me In determining the course of
action which have, after due delDeratlon, de-
cidcd upon. In my Judgment the time has ar
rived when / owe il as duty TO myself, 10 the
corporations, and 10 those around me upon
whom the chief management viii devolye, 10
retire from the presidency. IN declining the
honor Of a reelection from you do not mean
to sever my relations OF ahate the interest
have heretofore taken in these corporations"
The thirteenth annual meeting of the stock
holders Of the Lake Shore Railway took place
at Cleveland on the I'd inst. The following
directors were elected: VIM IL. Vanderbilt,
Cornelius Vanderbilt. Nm. X. Vanderbilt,
Augustus Scheil, Samuel i. Barger, John Z.
Durrill, Darius O. Mills. Edward ID. Worcester,
of New York: John Newell. of Cleveland; VIM.
J.. Scott and Clias II. Reid, of Erie; Rasselas
Brown. of Warren; J. III. Wade, Cleveland
President Nan3erbilts report shows; Total
earnings, Slo.225,o9J, an increase OF over a
quarter OF a million; net earnings, s., l65,0o0
increase Z per cent; dividend paid, per cent:
operating expenses, 60t per cent decrease of
per cent The second MOI +gage debt has been
increased from S14.675. coo 10 81 1872 600 by the
exchange of So 81, 900 second mortgage bonds
for Iz0,500 shares Of preferred and I24,8a0
shares OF the common stock of the Nickel
Plate Road-a controlling interest This in
wolves an increase of S456, $50 in annual fixed
charges The total funded debt is $43, 49,, 600,
an increase Of S627709o.
A meeting OF capitalists and public men was
held IN Brooklyn, y. Y. recently, looking TO
the erection of another bridge across the East
River, from Fourth and South streets, Williams
burg. to point IN New York city, near Grand
street. Resolutions were adopted protesting
against making the present new bridge free
until the burdens of the taxpayers Of Brooklyn
have been materially lessened, and advising
the erection of second bridge or tunnel, from
the foot of Broadway, Williamsburg, TO Grand
street. New YORK.
The following is arecapitula;ion of the state
ment of the public debt of the United States
fer the month Of April, 1883:
Total debt principal ss<interest. 81 SO 23s ESQ sc
Total cash in the Treasury -...---- Slg g59 40i 5
Dcl5t. less cash il the Treasury May
i, ,57a 079 $50. 81
Deb.. less cash in the Treasury
Ai3fil p, les8- --------- l5sD, 80 ~ 10
Decrease OF dess during the month 2,S5i. 402 65
Decrease OF debt since June 50.
-----.-.------ ll4.osa.575.2I
The stockholders Of the Mutual Union Tele-
graph Company met in New York on Saturday
to fzltilr the transfersof the properties TO the
New York Mutual Telegraph Company. and
to exchange the stock Of the one company for
the sock of the other, share fer share alike
The stock OF the olceT company is to be valued
al 500 per share, and the stock Of the other
50 per share IT was also voted to reduce the
capital stock Of the company from SI0000,o00
% S2,5oo,ooO.
An investigation of the peach prospect in
Delaware made by the statistical agent Of the
United States Department of Agriculture for
that state, shows that the apprehensions Of
damage by black tr0sts OF April 18th and 29th
were not realized. The orchards made a fair
growth Of wcii-ripened wood last season: the
trees are healthy and Dow in general bloom.
though not SO full as last year by twenty per
cent. There is a large increase Of new orchards
an New Castle county.
The zinc works and mines at LandisvilIe.
Pa, which are owned by the Bamford Broth
ers II Liverpool. England, have Just been.
leased 10 the Bethlehem Zinc COMPANY for a
period Of ten years. These mines are Situated
close 10 the Pennsylvania Railroad and are
very valuable. They have been living idle for
some years bat work viii be resumed at once
and a large number Of men viii be given en-
ployiacHt
Z conference Of the executive committee Of
the Iowa State Temperance Alliance has adoDted
resolutions declaring that the ratification of
the prohihitory amendment rests as a moral Oh
legation on the Legislators regardless of the
technical objection In the opinion Of the Su-
preIne Collr, and that the next General Assem-
bly, should re-ensct prohi5itOry law In har-
mOny with the expressed viii of the people.
Comptroller Knox reports that five national
banks with capital OF $4,000. have been
organized In the New England States during
the past six months; tweBty-three In the Middle
States. with capital 81. s33 GOO; twcntv-six in
the Southern States with a capital of 3 100.
900; seventy IN the Western States. with
capital Of S9,6s0.000, and eight in the Pacific
States, with capital Of S9,5o0,OOo.
The heavy rains IN California during the
past month have brought mp the growing wheat
and the crop is expected TO be fully equal to
that Of last year. Only four counties report the
presence % the grain-bng. The increase of the
acreage is estimated at 20 per cent The fruit
crop promises TO be the largest ever grown in
the State. Napa county alone expects to make
100000 gallons Of wine.
The mayor and corporation council Of Brook
lyn agree. with the mayor and corpor-lfion
council of New York, that the trustees have no
authority under the existing law 10 make the.
Brooklyn bridge free even tc foot nasseng-s.
4 bin giving the trustees authority to abolish
tolls in the case Of pedestrians was uassed h,-
the Assembly. but the Senate refused to consent
The tolls viii not exceed one cent
Judge Billings, in the United States Court At
New Orleans, on The Sd inst, rendered am opin-
son IN the case Of MyF, Clark Gaines against
the City IF New Orleans on an execution 10
the report Of the master ia charcerv Tae
report Of the master is confirmed and interest
Us added. Mrs. Gaines gets judgment AGAINST
the city for 81 925,667, Of which 1856. 7O7 Is in
tcrcst.
Statistics from ST. Paul. Mimi. furnish 10.
port of increase IL manufactures and vbnlosaIe
trade which is simply marvellous The gam in
wholesale trade oyer the previous wear is 81
100000, while in manufactured goods tle ,ain
is nearly s7,0O0,000. st. Pauls population in
1850 was Al ABS and is now yariously estimated
at from 10000 20 5000.
The City Council Of Danville. Ill. fixed the
yearly saloon licenses at $500 On thc % inst
M; aIoon ketpprs refused Ia ,,a,- n =. !