Morning journal and courier., 1884-01-05
The Fatlures of the Week.

failures in the United States during the past week, being 22 more than the preceding week. % more than the corresponding week of 1883 and 13O more than the same week of 1882 k. G. Dun $ O., however, report total of failures in the United States for the past week of 319, probably the largest num- Der of commercial casualties ever reported in 8 similar period.
 The New EngIand's TransGsr Boat Seized
 NEwBURa, Jan. 4.-The New York S New England railroad company's great iron trans fer steamer here. the William T. Hart, which cost $20O, 1000, has been seize1 by the United States marshal for debt due Ward, Stanton & Co.,. the Newburg shipbuilders. The claim of the firm is upward of $3,OOO for re- pairs made to the boat at various times. The boat made a few trips to-day to keep the river broken, but little or no freight was l transferred and deputy marshal remains in charge of the vessel. But little freight for l the New England States has come this way | for the last two days. The troubles of the I New York and New England company are l supposed to have led the Erie Go tamporari- | ly divert it's eastern freight traffic to the AL bany and Susquehanna and the Hoesao Tun- l nel route from Binghamton.
 Back Pay to VflIard-Patd at the Rate of Ten Thousand ear While Acting as President of the Northern Pactnc. NEW YORK, Jan. 4.-The annual meeting | of the Northern Pacific railroad was held at the office of the company at New York to- day. The resignation of MT. Willard as presi- dent of the company was read and adopted, and the following resolution was adopted:
 Resolved, that in view the fact that Mr. Willard during his presidency has voluntarily received no him at the rate of sloOOo for the period that | he held the office.
 The report of the finance committee pre- 1 sented during ths meeting showed that tha amount of money remaining in the treasurer s hands from the proceeds of the SIS. LOGO, ,OO0 of the second mortgage bonds and to their cash assets which at present are specially for the liquidation of the indebtedness embraced in the circular to the preferred stockholders of October IT, 1883, amounted to $5,171,- 991. The obligations of the company in this
 particular exhibit conjointly with the balance of the amount required for construction and
 equipment amount to $4,O15. .s36. By this showing there remains 8 surplus of $1, 156, = 157. In addition to the above tks company has, as announced by the board of directors, in cash the special fund applicable to the payment of the interest on the general first
 mortgage bonds due July first next, amount
 ing to $1, POO, GOO. A report WAS read from
 Vice President Oakes, of the Northern Pacific, in which he fixes the working ex-
 penses and earnings of the main line and
 branches from June 30, 1883. The road has
 earned $6, ,628, ,983 and the operating ex-
 penses including rentals, etc., with taxes
 were $4, ,427 ,690. The estimated gross earn
 ings for tho balance of the fiscal year are
 $7,05o ,000 and the estimated operating ex-
 penses will be $3, 923, 900. The interest
 charges for the entire fiscal year are esti-
 mated at $3, 1929, ,421, leaving net surplus of
 $1, ,455, 952.