The herald., 1897-09-08

sinking fund, over 100000 to the 'cemmen
good some 100000 depreciation. $4,000 to
the permanent way renewal fund and
placed nearly 100000 in the general reserve
fund. The last two funds now amount to
over $35O,OO0 The fetal receipts for the
year were s1,7SO,09O from traffic and $25 1000
from other sources. and the working ex-
penses alone were $1,s95,0oo.
4 + +
The cities Of New York ana Besten are
trying to keep abreast Of the times in the
matter of mail transportation, and both are
hurrying forward the completion Of the
pneumatic tube conduits that form part of
the Batcheler rapid postal dispatch sys-
tenn which they have adopted. To operate
the system New York is to have two air
compressors with steam cylinders of thir-
teen inches diameter and air cylinders
twenty-six inches diameter by twenty
inches stroke, and one compressor with
cylinders ten and twenty-four inches dia-
meter, respectively steam and air, by
twenty inches stroke. Boston is to have
two air compressors of the latter size.
All five are to be duplex" and the Rand
Drill company of 100 Broadway, New York,
has the contract for making them.
+ + +
Lord Kelvin has invented and put into
successful operation at Shoreditch. Eng
land, garbage crematory. Its action is
mainly automatic, by means of electricity.
The lifting and emptying are done by auto
II all rio Go toJ, no
garbage into cells where it is burned. The
heat OF the furnace is intense. and 1t is in
creased by forced draft. The air to produce
the tremendous draft in the furnaces Is
drawn by pumping machines from the city
sewers. Thus the sewers are ventilated
and their noxious gases destroyed. The
heat produced incidentally Is used for maxi
ing steam, and that runs dynamos for any
firm wanting manufacturing power.
4 + +
The report of the Chilean mint for the
year 1896 shows that the purchases for the
year amounted to $685. (Chilean) in gold.
and $12, ,907, $3.50 in silver. At the close Of the
year the mint held total of IS, LOG. $50 in
specie and bullion of which $271. .434 was in
coinage for the year was $2,9sO,600 in con-
dores, s11, ,56s, 800 in doblones and $l1S.945 in
escudos, a total of $14,6679 1926. The silver
coinage was 1885, 27O in pesos, $44 $50 in 20
cent pieces and $256,O97 in 1O-cent pieces, a
total of 81, ,197. The bronze coinage was
$4311 in 2h-cent pieces.
4 + +
The supreme court of Georgia held, in the
case of the American Trust and Banking
company VS.. Boone, that while, as gen.
eral rule, bank may assume that trustee
will apply money deposited by him to its
proper purposes under the trust and is not
accountable for any misappropriation of
trust funds in which it does not participate
a bank cannot, without incurring liability
to the true owner, knowingly appropriate
to the satisfaction of debt due to it by
another, trust funds deposited with it by
him after the creation of such debt; that
where in this manner bank improperly
approprates a portion of a trust fund to
it's own use it is liable for interest thereon
from the time of demand by the true owner
and it's refusal to pay. and is also liable for
interest computed LOT lHe SdIue tlllc upOl
the balance of the identical fund not so
appropriated, but payment on which was
then demanded and refused, and that a
bank in the state of Georgia will not be
protected in paying check of person who
had been legally adjudged to be insane.
and was in fact insane when the check was
drawn, and that this was true, though the
fact of insanity was unknown to the bank
at the time of payment and though the
adjudication of insanity was made in an
other state.
4 \
The death of Dalton Wheeler Of the firm
of Wheeler Brothers which happened to-
day, removes from the ranks of the local
fire insurance agents one of the ablest and
best posted members of the underwriting
fraternity.