Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-03-22

state.
GENERAL FINANCIAL NOTES.
Under its new capitalization the New
York Centrals interest charges and divi-
dcnd payments. will amount this year 20
S14.SOO.OOO. The company earned for
the year ending June 80. 1897, Sl4, 100.
600. The New York Central people may
therefore be glad 10 learn the Northern
Pacific secret Of how To operate a big
railroad on a basis Of 81 per cent Of
gross earnings. II has been costing tie
New York Central 90 per cent
The Western Union Telegraph com
pauy suffers heavily through the clos
ing up Of the pool-r0oms and, If the POI
lice persists In keeping such shops closed,
the effect on the Western Union revenues
he much larger than the average obsury-
crs would DC likely 10 estimate. There
are 24O pool-rOOms In New York aud
each pays the Western Union 500
day for ruCc-truck reports. This means
over $4,000 q day 10 the Western I'M
ion company, and thnt is more than the
entire dividend payments of the West
ern Union company amount TO.
The default of the Georgia
company per cent collateral
trust bonds. the proposed reor-
NINMfFNI
Railroad and Banking company, 10000
Of the shares of which are deposited as
securities therefor. aud the contemplated
reorganization for the Richmond Termi-
MAJ company, render Il necessary, in the
judgment Of many Of the Georgia COM
pany bOndhOlders. that measures should
be adopted for the protection of the mi.
nority interests in the Georgia compa-
nys bonds. Edmund ID. Randolph, press
pN kn Al II
Beverly 9. Duer cashier of the bank Of
the state Of New York, have been APP
pointed n committee for such purpose
and the Union Trust company of New
York, has been appointed the depository
of the securities.
A meeting Of the directors of the North
crn Pucitlc railroad was held yesterday
70 consider plan for funding the
Heating debt Of the company, amounting
us stated by it, officers 60 S0,O0O,UOO.
instead, as heretofore proposed Of sell
ing for that purpose the stock held IN
the treasury of q controlled road. The ST..
Paul and Northern Pacific Henry VIII
lard, who Is now at Asheyille, y. c.,
Will probably return, In time 70 attend
the meeting. The idea Is TO issue col
lateral trust notes, az the Union Pacific
railroad did, 20 provide for It's floating
debt These notes would be made for
FIVE years, with the privilege of redeem
ing them earlier. If the company should
find itself able 90 do 80 The St. Paul
and Northern Pnciic stock might bc
used as the collateral. No report was
received last night.
The New York Times Of the 18Th.
says: Temporarily George Gould and
Russell Sage seem 10 have won Il victory
IN refusing % permit the Manhattan
Elevated company 10 take the New YOrl,
and Northern road bought for that com
tlenen who snuh MIR. Morgan do not,
however, always profit by it. Turning
down Mr. Morgan in Manhattan affairs
won't help Manhattan.
A Baltimore Sun New York special OF
| the 18th, says: An inquiry at many OF
| the downtown banks today elected Tho
| fact that they have been receiving lots
OF from $4,000 SO 100000 in eagles and
! double eagles, besides the nntionnl cur.
rency, from Canada. The Third Nation.
al bank gave 100000 to the sub-treas-
ury this week, and says It has nm increase
in supply. Othcr banks that have not
received any gold have been nccumunt.
| ing II through an ageacy of their custO-
mors. IL Is estimated that $4,000 on
| more in gold has been received from
! Montreal. The S9OO,OOO small notes and
| legal tenders withdrawn from the sub
! treasury today, and against which IN
| equnl amount of gold was deposited was
for shipment to Cmcago'
"BanH clrarings IN the United States"
says Bradstreet's, aggregate 81 ,23l 600,
| OOO q per cont less than In the proceed
| ing week, but per cent more than In IN,
! corresponding week last year. Failure,
| throughout the country number 22l dur
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