The New York Herald Newspaper, February 3, 1851, Page 1

4 Z, = WHOLE NO. 6078. a“ aS a THE NEW YORK HERALD. MORNING EDITION----MONDAY, FEBRUARY 3, 1851. ANNUAL REPORT or THE COMMIGSIONERS OF THE CANAL FUND, State or New Yorx, Cana Derartment, Axsany, January 22, 1961. 3 ‘To the Honorable the Commissioners of the Canal The Auditor of the Canal Department, in com- pliance with the statute, respectfully presents a statement of the receipts and payments on account -of the canals and the canal debt, and the balances of the funds on hand, the depositories of the same, vand the condition ‘thereof, for the last fiscal ‘year:— The balance of canal funds on hand on the lst October, 1849, consisted of— Deposits in bank: oe Investments, securities in se esee $1,725,136 68 1 De- 483,089 49 2,208,226 17 ana The receipts during the year have 5, payments during the year have OD wee The be Due from the General Fund........ Total balance at the close of the JOOr ..e- eee sere cece ecesee $1,031,511 71 Of this balance there 1s deposited in Invested in Bavk Fund Stock 431 33 ue from the General Fund.. 4,596 99 $1,031,511 71 CONDITION OF THE CANAL FUND. the year, the sum of $186,216 72 has ‘been received for that amount of the bank tund stoek on hand at the beginning of the year; and the sum ot $72,069 31 has been received in bank juad stock for the debt due fromthe Watervliet Bank, which closes the acceunt with that bank. The sum of Us 500, invested in Comptroller’s bonds ginning of the year, has been realized in Large The amount of the loan to the city of Albany, remaining Bapaie at the commencement of the year, Cy 000 75, has been paid. Of the deposites in banks, $817,483 39, (see Doc. ‘No. 56, annexed) the sum ot $656,220 dlis repre- sented as available, and the sum of Sele 08, as unavailable, atthe close of the fiscal year. The Cana! Bank of Lockport has paid the sum, “Se 18, due from it at the date of thelast vie gr ‘he legal procesdisgs for the collection of the ‘moneys due from Waiter Joy’s Bank of Buffalo, are still ae, Confidence is yet entertained that the coon will finally be ceed, Mie ory have been obtained against the sure- ties of the Canal Bank of Albany—John K. Paige, ‘Thaddeus Joy and Edward Artcher; but no ex- 4 tion is entertained that any considerable por- ‘tion of the debt can be collected from them. No dividend has yet been paid by the receiver from the assets of the bank. The debt of the Lockport Bank, $23,450, though not diminished since the last report, is considered undoubtedly secure. The debt of the Brockport Bank, $3,715 50, being 4 total loss, will not be reported hereafier as con- stituting apy portion of the canal fund. The deposites classed as available are believed to be entirely safe, being with institutions of good etanding credit, and secured by personal eb- ligations, in which full contidence is placed. REVENUES AND EXPENDITURES OF YHE FISCAL YRAR. Statement of the revenues of the State canals, —_ the expenses Saf ermep ng a poengpey 7 ordinary repairs, during the fiscal year, ending the 80th September, 1850. (Art. 7, oa 1, of the constitution. ) ReOEIPTS. selary id clerks of the canal de- partment. ....scceeee 7,187 72 For miscellaneo pay- Js eae eseeeetereee 8186 02 644,762 00 $2,841,410 30 Payments by Cane! Com- iseloners. for new work om the lateral canal: under laws, viz. :— yp foe ., Se 507 6 and Beneca Searatreccces 68.448 TT On the Chemung canal... 40.041 10 On the Crooked Lake canal 9.261 25 —_——_ 191,208 81 Burplus revenues. . Amount set 0) by ole 7 of the Vonstitution, to pay the interest and redeem the principal of the State debt, and for the support of govern- ment, vis — or that part of the debt called the canal debt, 0 the necensary expen- on A government, seo. 3, 200,000 00 $1,850,000 00 The“ remainter of the re- venues’ of the fiscal year, applicable to the compitten of Erie Fiver and Cenessce Val- Mey camals,... sce ccceee $300 206 COMPLETION OF THE CANALS. From the femme org | statement of the revenues | f the year, the surplus appli ppears to have and expenditures 01 ble to the completen of the canal been 206 49, to which is to be added the sum of $7,969, 16, paid out of the tolls of the previous year for extraordinary repairs, and now nye to making bject. it the fund for the completion of the cana the sum of $808,175 65 to be applied to t In my laet_report hg 3 surplus was estimated B2, There 18, therefore, a deficiency of a ticipated means of $133,824 35. The appropria- tions prev ous to 1860, had exceeded the revenues a le to meet them, by the sum of $202,425 73. e ure last year, appropriated $944,000 of the surplus revenues to the completion of the canals, which exceeded the estimated amount tor that ob- ject, after supplying the deticiency of the revenue of the previous year to meet the appropriations, by 425 7%, and exceeded the actual means, after supplying such deficiency, by 335,250 13, leaving that sum to be supplied from the surplus of the cur- = fiscal year, to meet the appropriations already le. T prese: show- ing all the appropriations from the surplu venues since the resumption of the public works in 1847, ewith the amount of the surplosin each year, aad its application, continued for another yoar:— PRIATIONS AND THEIR APPLICATION, UNDER AntioLE SRYEN OF THE CONSTITUTION, Appropriations. $659,000 00 . 218 of 1848, 19 600 00 do 214 do. poets 218 Oo — ———$—— 1,258,000 00 $1,917,000 60 do, 217 of 1849, BO B. $120,000 00 do. £18 do. ' BRO. 140 000 00 0 @ i ee ee Lee ee $3,117,000 00 Jo, 854 of 1850, BO B. $654.000 09 40. $8 40. BRO. 19.000 G0 2 a . 0,080, = ———— 944,000 00 $4 001,000 v9 o Under do, 446 F 7 40, 4.9.0 60 000 09 adi ———= $069,000 00 Under chap. 218 of 1848, rata, B.C. 946 80 do, 214 do. BRO, 00.563 83 do, 217 do. @YV.C. 166,960 88 einen si Short of sppropriations a aaa bin . Bhortofdo do, B. wv Bhort of de. do, a 294.528 49 1,017 v0 Under chap. 217 Lawe of 1849, hart wa pro rat B. O. B. $764,806 90 Underchap. 216do B. R. C. 116,383 66 Under do, 220do.@.V, 0. 11638306 ————— 907,574 22 Bhort of appropriations of 1849. bE. C. BE. $155,193 10 Bhort of do. do, BRC. 23.616 Short of do. do. G.V.C. 23,616 34 202,425 78 8,117,000 00 Under chap. 364 Laws of 1850, . pro rat B.C. B. $419,061 46 Under chap. 220 de. B. R. G. 77002 10 Under do, 192 ¢0.G. V. 0. 109,086 3t ————— 605,749 87 Short of appropriations of 1860, EB. C. E. $234,838 64 Bhort of do. do, B. B.C. 42997 90 Bhort of do. do, G.V.C. 60,913 69 338,260 13 $4,061,000 00 ESTIMATE FOR THE FISCAL YEAR. I estimate the revenues of the present year at $3,342,000, and the expenditures for collection, re- pairs, We, at $750,000. After deducting the con- stitutional Srpropriation to the Canal Debt Sinking Fund, of $1,300,000, and the contributions to the general fund, of 000, this estimate leaves a surplus for the un! ed canals of $742,000. Of this surplus $338,250 13 will be required to make goed the deficiency of last year, and only $403,749 87 can be considered under the control of the pre- sent Legislature. __ The appropriation of last year for repairs proved inadequate, and it became mecessary to throw the payments for September forward upon the appro- priation for this year. This was done by inducing acentury, if the tolJs should continue to be estab- lished from time to time, on a revenue basis. ‘he present mvnst be regarded as an interesti period in the history of the canals. Hitherto the: prosperity has been uninterrupted; and so certain In prospect from year to year that their friends have never been oppressed with an anxious thought in regard to their iocreesing, value and usefulness. 1 am impressed with the belief pogo upon ny the wisdom of the State, now, expedi- tious means of giving the Erie canal ull capa- city of ite enlarged size, to perpetuate the augment- ing value ef this rich possession. Otherwise, appre- hensions are net unreasonable that the point has been reached where a long pause must be made. ‘Whatever the future may have in store, it will not be uninteresting, at the close of the first quar- ter of a century afer the opening of the Erre and Champlain canals, to look back at the results of their construction upon the finances of the State,and compare their income from one period to anether. I subjoin a series of tables showing the revensee of theeecanals from the begi: , and illusweing the views above gi' if progressive in- crease. Tables are also added showing. the result of th ated rate in increase for the next seven yeurs, and the results at other rates, of which examples are given—also, the net income, and pee worth of all the cai ‘ABLE OF TOLLS received from Erie and Ohampiain Canale from 1826, when they completed, to the 30th September, 1850. after deducting all expenses of collection. Also, the amount reovived in each series of five years, the annual a of each series, and the rate of increase upon the series. Tolls col. on Ap't rate the Erie and Received aoe Average of of increase Year. Champlain each upon the Canals, series, first series. 889 1827.. 849,082 07 236 64 63 527 91 84296 $4,229 564 60 $846,01202 — Se $53: 3 6,264,283 00 1,262,856 62. 46:4pr 0. one of the deposite banks to hold the drafts for the onth till the appropriation became applicable to tKeir payment. i ‘The appropriations for repairs ought to be large enough 1c meet every demand upon them. Eco- nomw’ ceams.o: be enforced in the repairs of the ca- nal eny restriction in legislation. The consti- tution provides that the current expenses shall be paid first of all, as it is obvious that the’ st be, or our whole rejiance for revenue would fail. No foresight can guard against the effects of such storms and floods as prevailed during the last sea- son; and as the damages they occasion must of necessity be repaired, it is very desirable that the symmetry of our accounts should be preserved,and every expenditure paid from the treasury at the time it is made, and not have those of one year thrown upon the next, which necessarily shows, in the aecount of payments, an uatre statement of actual transactions. The tolls of the present year are estimated at em lees than the receipts of last year. Under the law of last year, exempting certain live stock and fresh meats from toll when conveyed on rail- roads, it is already certain hat there will be a con- siderable diminution in railroad tolls. The conso- lidation of four of the toll city Bpatioeg into two, under the provisions of law regard to local frexght, also reduces our receipts fronr those com- panies. The statutes in relation to tolls on the railroads need revision and amendment. The Northern Railroad is completed, and is already manifeeting its ability todraw profitable employment from the business heretofore tributary to our canals. When navigation opens in the spring, we shall find the New York and Erie road on the shores of Lake Erie, completed in its whole extent, contend- ing With us for the transportation of the aceumu- lating products of the west. If, under this, power- ful competition, our tolls do not recede more than $90,000, it will be the greatest trivmph of our canal policy that has been achieved in its benficent his- tory. Tine wise liberality and enterprise of the State of New York, in the construction of the Erie canal, opened the prolific West to easy settlement and pro- fitable cultivation. Richly freighted vessels and steamboats now cover the wa ers of lakes and ri- Bs 7,136,788 66 1,427,157 77 69—pro. BSSESSASSESE popetes &2 9,769,870 51 1,968,074 1¢ 131—pr o, 15,101,618 04 3,020,323 78 257 ~pr 0. $42,501,125 99 $42,601,126 09 >The receipts of 1860 exceed those of 1826 by 275 ‘rT cent. Retisarne er Tncasasn ov Touts 08 7 Years, at 7, Tih, 8 anv 8)6 PER ceNT ren Axmun, Actual Ve 7 cent, 7! cent. 8 per cent, 8} rr cent. sersieed ar. ent, ‘ 5 i 138, Feshena 74,250,550 10 28 is 1,317,253 184, 1,206,085 1,296.773 1,3238489 «1,331,918 1,908 673 Wes, 71g Leon) 136.638 Lauer 1306.3 ise Maris Uso TMG Cased Lassen Tow, Lyssa i'sto.g3e | Ror a 102,314 1,365,806 ISI, UB77,919 1616984 1.052049 1,861'305 1,587,582 ‘1840, 1,962. 714 2,008,818 2,064,923 066,44 1,496 716 1841, 1,946 303 1,990,995 2.036 608 LTT 1,863. 796 1842, 2,079,008 2,127,541 2.176677 2,188,886 1,968,163 T5643, 2,241,802 2,994 185 2,546,539 3,560,002 1,430,271 1844, 1,538,196 LSS SLS (1,924,490) 1,935,285 2,226,286 Wed OS = 2082,396 2.130.189 2.142 137 2.191 375 1846, 2,200,923 2 344,736 2,30849 -2.412,003 2,505,504 147, 227/195 2MIAL DAIL —BIAAABS —$,200'958 1x68, 2:76; 2827035 230918 2'$08,139 2.999.247 2485,563 2.543643 2.00986 2.516.990 3.152.477 73 2791163 2,866,228 2,971,287 3,153,430 36,052,780 36,025,408 $1,738,440 973,085 receipts, by. 173.719 ates at P36 per actual receipts, by. . 27,573 Applying the same principle of estimate to the eneuing seven years, founded on the actual returns of the preceding years, we find the following result: Te 1844, the amount of tolls reosived was 2 each see $3317,186 vers where the whole tonnage would have been con- fined to rafts and canoes but for this great work. The accelerated growth of the West, dependent upon the facilities proflered by the people of this State, hes enabled industry and capital to penetrate re- mote regions with solid iron roads and rapid en- gines, earning rich rewards for outlay and toil, where otherwise the forest path and prairie soli- tude would still have been trod only by the adven- turous hunter. It is the province of the wisdom and justice of the State to provide for the perma- nent maintenance of the ascendaficy, now lon, enjoyed by our great artery of as a chanae of intercourse between the States peopled by its means and the Atlantic. This object would now have been d beyond all contingencies, if the work of the enlargement had not been unfortu- nately arrested. the enlargement was now completed, it would be entirely within the control of the State to accommodate all the carrying trade between the Atlantic and the lakes, at rates #0 cheap as to preclude the idea of competition, and at the same time to secure a revenue sufficient to discharge the public debt, and relieve the people from the burdene of taxation for al! time to come. The instant completion of the enlargement would, if practicable, be cheaply purchased at a cost of ,000,000 ; but a far less sum 1s required to effect it, and the meat deeply interesting inquiry in the prestnt policy of the State is, how most economi- cally and speedily to efiect this great object. The prevent estimates require for this purpose the sum of $11,000 060. Allowing $750,000 a year under the constitutional srrangement, we muet wait more than fourteen years before the consummation of the work. Ia the meentime, while the capacity cf the canal remaing limited, its revenues are endangered by the active competition before referred to, and by the no less ambitious efforts of the Canadians to attract business through the costly work wih which they have united the St. Lawrence to Lake Champlaia. It is in the power of the State to make this com- petition subservient to the great purpose of com- pleting her own improvements, by exacting equit- able tolls for the transportation of property through her limits, on the thoroughfares which are the legitimate cflepring of her munificence. Nor could it be a fair subject of complaint on the part of our railroads, or the people of the West, Wf this State should exercise its just power in this respect, and not suffer them to enter upon an un- restricted rivalry with the canals, (to which they owe the strength and wealth which have called them into being) until the canals themeelves shall have been completed. Whether any other means then wisely protect- ing and husbanding the capal revenues, eon be devised to secur ¢ compilation of the ion addressing itself with peculiar force to every responsible department of the government, and to the people In connexion with this subject, it eeems appro- priate to preeent a view of the progressive advance- ment of the canal revenues from the opening of the Erie and Champlain canals. The Canal Board, in 1840, presented to the Assembly an elaborate report on the prospect ve revenues of the canals, in which they errived at the conclusion, from their ast history, that it was prudent to anticipate, at east for the period of seven yeare, an increase of | the tolls of the i and Chanplain canals, at the rate of seven per cent per annum, for each period of seven yeare—that is to say, that the general re- eult for & yuld be equal to what the tolls of yea Precea in their estimate fell short of their anticipa- tions only a little more than half a million of dol- in @ gross amount of near $14,000,000. This remarkably close approximation to actual re- in an estimate for eo long a period, embracing transactions of such magnitude. Bat the results of further experience more fally justify the goer cortectners of the views exhibiied by the Board. Bringing forward the computations on the basis of the same estimated rates of increase, it ia found thatin the whole period from the opening of the canale, including 1560, the actual revenues of the Erie and Champlain canals have exceeded the pro- gressive increase, at seven per cent per year for each period of seven years, by the sum of $1,782,440. The calculetions of the Canal Board were based vpon the rates of toll then established on the ca- pale. Since that time lerge reductions have been made in the rates of tolls, which, of course, gteatly modified the results | have stated But, heretofore, every modification and reduction of our canal tells has been made (whether jadi cious or 0 herwise,) with reference to favorable efiects on the revenue. New, for the first time in 8,265,140 3,867,301 4 808,827 e am was $2.595,504 In 1863, at 7 percent it would be Tn 1847, the amount was $5 260, Im 1864, at 7 per cent, it would be. In 1848, the amount was $2.980,247. In 1866, « 4,379,478 In} In 186 4697,101 Tn 1850, Tn 1567, a 4,698,611 $29,083 693 The following 1s the estimated amount of tolls in each of the next seven years, at difierent rates of increase wpon the amounts actually received in former years :— Yr.when Am'tatan Am't atan Amtatan Awtatan dliner, of 7 tner.of TG tecr. of 8 tmer. of Shy per et. for rot for ret for are weer 4 $3's17 138 siutaors gi toalase "3.206 140 3418545 3.487 719 2 S.a07 301 or 1s; . 1866... 1807... 4.696.611 $29,083,683 $29,766,862 $30 450,038 $30,620 930 NET INCOME AND PRESENT WORTH OF ALL THE CA+ NALS. Year. Je16— 82,002 561 12 04’ tom 1s47— 2 AM ER Dd 2.048, 919 62 40 2:767,104 7) 1800 Bev of i 206 $12,200,224 96 Avo, 62,515,006 67 do. PAYMENT OF THR CANAL DEBT. There will be due lst Jan. 1851, $20,000 00 do, do do 800,000 00 do, 1st April, 1851, do. 50,000 00 do. lat Jan'y, 1554, 5 do. 2),000 00 do. Ist July, 1864, 6 do. 500,000 60 do lat July, 1866, 5 do. 184 286 00 6 de. 1,190,534 34 $2,704 819 34 No loan will be necessary to meet the above pay- ments. Those of the Ist January and Ist April id the Sinking Fand demands upon it till the year 1855. idated debts due prior to June 1, 1846, as they ere escertained and paid, vary the calcula- tions for the entire extinguishment of the debt. The annexed table, showing the of the debt from year to year, differs from the one of last year by the effect of carrying into the Sinking Fund the sum of $258,480 69, urder laws of last session, and payirg the sum of $84,715 52 of the debts last referred to, and adding to ‘able the Albany Ba- sin Joan of $192,586 49, and the expense of keep- ing the office for transfer of stocks, $2,185. CANaL DEBT. Bravemevr showing the am "ye yolanion, cot terest actuall oh year, or the resulte of ¢! Fund, under the constitu. tion, art. 7, see 1, from G0th September, 1850; also, the amount of surpius or deficiency on 30th Septem- Der of each 4 the amount of annual interest On the same at 6 per cent per an Principal Actu» Intere aly Payable ally Payable. $870,000 00 im. Aetu- Total Principal and Interest 629,000 00 1,314,819 34 4,000 0 00 3,088 606 84 048 100 00 2182974 93 906 000 CO 684 050 75 1,879 160 14 199 B07 44 1,780024 76 Total debt, p ipal and interest liqui- cipal an iq’ e409 208 99 t July, 1966, t July, 1866, Total debt and eurplas. Four years and eight we | (60 per annum. (rm S0th Beptembe 1850, to tat Jura, 2856). . Ble ven yeate ar 4 one month. Jet guste (from the int Ji et Duby, 1626) oe eae Contribat on in 15 years Surplus on band 90th Sept on f Surplos on the Ir 1,163,517 78 the history of the canals, the question is presented whether they can maintain their business against powerful and active rivalry Without thia rivalry, I should not hesitate to as- tume with entire confidence, that the general rate of increase at seven per cent year, for succeeding periods of eeven years, would be maintained by tye Erie and Champlain canale, for another quareer of Tot 41 cont: ibutions sod cuapies, eat 101,121 17 O1 Nae above debt there is held on Unite States account. . . « « $8789,100 16 + 7488000 00 On forrign account FIG ITL Wwe 10 *forping om hand, (seo Mo. 3). 1 fo the Ju September, iT bet duly. ‘Surplus or Da Interest on ai Surplus lll PRICE TWO CENTS. “" .Fercign Miseellany. erency on 80th tm | oc Lhe Madrid Gazette publishes the text of a treat, See Ned oooh yd of famity and commerce. concluded bet " 1850, Surplus om han (see No. 3) jueen of Spain and the Shah of Persia. Qi 2,787 84 "16.967 27 ‘3 banks of Pari ived i b e Investments, i “socio “ 1860 58 1840, in 10,288 26 i ‘Rts, Compared with those of _ § rman Jo "332 667 68 "19,971 45 | marriage of Privee ( ron ofMeek hes se i 2401,905 58 160,119 61 | with the Grand DucheassCatherine af Wien en 1,456,985 70 87,416 14 | De celebrated at St. Pr of Russia, will 8,899 547 202,172 83 were ee we ‘aburg some time in the 2293 .612 20 133,416 74 | month of March next. 1'937 874 81 116.273 49 The arrangements for Netherlands and India 2.760.426 16 165 026 67 | Steam navigation include a line between Batavia 9,286,422 49 187,185 35 | and Fadang, on the west coast of Sumatra, for pas- ane 4 Ayes - sengers = goods. pleut. Ceres de Vries is now oe 794.880 38 23704 oF in Rotterdam on this busioess. J +1,286,817 78 sass 91040218 66 187 1865... sere 1866, to lst July. . Interest cn defloiens7., Interest on surplus... osurpies. $861,487 28 The cipal of the oamal debt fs....... pt The oy that will secrue eae sect when the 8 Fund wil Tlie Futerevt co teams te supply deficien- y ated at six per cent, will be. 861,487 28 pai tember, 1850 ++ $283,787 84 Tnoome of Sinking Fund, four ears and eight months, to Mu 1,800,000 years an one month, to lat July, 1808, at | $1,700,000 » your 666 67 3 ——-—- 25,191,121 17 Leaving a surplus on the lat July, 1866, ‘is ithasing cae wlate ae suetines ‘and interest, of... PAYMENTS DURING THE canal det 1,163 $17 78 ‘There has been peid during the fiscal year, on the ee of the canal debt: + $74,948 00 Five * 15,114 00 Five “ “ 902,724 64 "$482,786 64 For debta due prior to Ist June, 1846, under ohap. 375, laws of 1950. eee At the close of the fiscal yeer, there re- mained napeitet stocks due, the pay- had been ment of wi provided for :— Six per cent stook of 1837, dereceeee Seven “ & 1848, Five ail 1660, « stock “ of 1837. 1848. 1860, $160 00 600 00 7,893 30 $8,153 30 The payment of thie sum being provided for, no in- terest accrues on it. The only loan made during the year was ie ie ye the Aibany Basin loan, 6 per oe etock, redeemable Ist of July, 1866... .... 192.585 49 Upon this @ premium wes realized of $10,829 87, making, with the principal, the sum of 415 36, required for the purposes of the uct. ‘he loan of $50,000, made in 1849, for extraordi- nary repairs, &c., requires legislative provision to be made for the payment of its interest. The pre- mium received on the loan was last year O- riated to that purpose, but will be exhausted be- fore the close of the present year. Francis H. Rueeres, Auditor. Tue Proroseo New Etectme Tziorara Comraniks.—The Submarine Electric Teleg! Company, for establishing that system of commu- nication between England and France, propose to incorporate themselves by act of Parliament. The capital is to consist of sharea of £1 each—the number of ehares to be 200.000; 10a. per share to be the greatest arnount of any one call, with power to borrow to the extent of one-third of the capital. Powers are proposed to be conferred to exercise solely and exclusively the right and privilege of laying down and using a syetem of electric print- ue and other telpgraphs trom the coast of England to France. The company propose to be empowered to enter into agreements With foreign governments. At the expiration of ten years government may revise the regulations of the company as shall be deemed necersary for the protection and convenience of the public. The measure proposing to establish @ submarine electric telegraph between Great Bri- tain and Ireland contemplates the same amount of capital for the pur; 8, and contains almost simi- lar provisions T! en and American Elec- tric Printung Telegraph Company is for the incor- ee ot acompany for the working of certain tters patent granted to J. Brett ferexclusive use ip Great Britam and its colonies for fourteen years. The capital is to consist of shares of £5 each, in 40,000 shares; £1 per share to be the greatest amount of eny one call, with power to borrow one third of the capital, The Magneto-Electric Telegraph Company seeks to be incorporated to work certain letters patent granied in 1348 to W. T. Heniey and D. G_ Foster. The capital is to consist of shares of £20 each, in 25,000 shares; £3 per share to be the greatest amount of any one call, with power to borrow to the extent of one-third of the capital; land taken not to exceed one hundred acres; the company not to take any assigament or heense of patent until £50,000, in shares of the company, are subscribed for, The existing Electric Lp Company apply for a monetary amendment of their act of 1846. The bill alleges that £600.000 bas been eubseribed for, and a sum of £300,000 paid on the 6,000 shar pedi- ent that 6,000 shares of £100 each, Id be called in and cancelled; and that instead of each such share, two shares of £25 each should be created; and that the money paid on any such cancelled share shall be considered as having been paid on such two newly created shares, be divided be- tween the same in equal proportions. The borrow- ing powers being £400,000, powers are sought to regulate these powers by the amount of the tal to the extent of one-third for the time pelag, id with hn actually paid up.—London » y 8. Anotuge Fuart.ve Returnine to Stavery. — The writer of these lines was, a few weeks since, in a late train of cars bound from the North to the city of New York. About midnight his at- tention was arrested by the words of some gentle- men behind him, in conversation with a female yoice. On looking around, he perceived that the female was a mulatto woman, about twen'y-five years of age, with an ingenuous and pleasing face, whom he had observed to enter the cars early in the evening, with a large bundle tightly bound up, as if she were a traveller. It appeared that she fad inquired of some of the gentlemen where she could find a resting ¢ in the city for the night, and how she could get forwarded on her way South the next day. This led to some inquiries on their 4 that she had rt, inanswer to which she state i ren her master in Maryland and reached New York, some months before, where, along with some other | she had been taken care of by a gentle- fugitive: : that neighborhood, whom she mentioned, man in and had been forwarded by him to Canada reached Canada, the Canaan of her hopes, late in the utumn, and there found herself in the cold, in the midet of thousands of emigrants, who pre- occupied every kind of employment; and she found withal that, instead of having a home that she could be eure of, end a master who would not al low her to suffer, and a family which was to her almost ae Rindred, she was alone in the wide world, with none to think for her or to care for her. She very naturally, and (as | was simple enough to think.) very sensibly,reeolved to wend her way back to her old master, and the funny thing was that, as the approached New York, her great anxiety was not fo fall into the hands of the abolitionis's, who, og che said, “would ntake a furs about her,” and try to prevent her from getting on at once to her home, which, above all things, she desired, let what would happen after that Fredericksburg (Va.) Herald, Jon. 80. New Mammorn Hort, 1x Bowron. —The Boston Transcript, epeaking of the Ameriwan Honse, in that ciy, just erected by Mr. Lewis Rice, says — ‘This bur struction since the 18h dey of May lust, is now joét completsd, (with the exception of a emall por+ tion) and forme one of the faest architectural or- nements of ovr civy, Tt ig a very extemsive brick edifice, consisting of & rain building, of 112 feet front, five stories high, © .andiog on Hanover street, wih two wines of ri ies, running back feet each, end neary, through to Sudbury street— having & passage Wey between them of about 20 feet in widih—the whole covering 27 000 feet of land, end being rected and fornished at a cost of In size, it is the second largest nearly twenty per cent e, and little inferiorte Tt has 325, 1 ble of accommodating With case | ahoot $200,000, hotel yo New England, ber larger thea the Revere H the gigartic Unied St Boome, and ie ony at least 000 persons. Hotel She | ing, Which has been in whe course of con- | The Steats Courant announces, on the authority of the Danish Consul, that a bill will snaatly be pre- sented to the Danish Chamber, proposing the aboli- tion of entrance duty on wines and spirituous li- quors, in consequence of the abolition of the special line of customs between Zetland and Schleswig, ond tne extension of the Danish tariff to the latter uchy. During the last year 1,963 ships came by sea to the port of Amsterdam. Of these from London, 110; iiverpeol, 2; Huil, 54; Newcastle, 77; Sunderland, 123; Cardiff, 23; Seaham, 45; Java, 106; Konigs- berg, 130; Petersbur 68; Bremen, 84; Hamburg, 109; Havannah, 21; Surinam, 52; New York, 22; Drammen, 97; Danwic, 54. The people of Breslau had,-on the 28th, the spec- tacle of an execution by the axe in all its forms but the final stroke. A men condemned to death for stabbing his sister-in-law, in May, 1847, (almost four years ago,) was brought out to sutler accord- py his sentence. He was taken in a cart, guard- ed by a squadron of cavalry, to the place of execu- tiom before the Odergate; there, at the foot of the fi bet (or rabenstern), his sentence was read to im, while the military around presented arms. After a pause another document was produced and read, which was the royal decree, commuting the sentence into imprisonment for lie. é e New ian Zeitung contains the follow- ing statement :—** Every fact that gradually comes to hght connected with Kinkel’s escape from Span- dau, is a proof of the dangerous energy and the power of united action in the democratic party. Kinkel fled in the first place from Spandau to Stre- litz, and thence to Warnemunde. On the whole route, at every two miles (eight English) were re- lays of horsee, with a carriage, ready in waiting for three days and nights. The proprietors of the horses were in most cases the drivers: more than a hun- dred individuals were informed of the plan, but of course not one of those whose special duty it was to know of such matters. In Warnemunde the ship that was to have received the fugitive was not ready to sail, and Kinkel was taken to Rostock, and concealed in a house near the gate for eight daye, till he could embark in the vessel that landed him in Scotland.” It is stated that Prince Schwarzenberg came to NEWS BY TELEGRAPH The Aurora Murder, dic. Burraro, Feb. 2, 1861. An inquest was held yesterday on the body of Abra- ham Smith, the person who was killed at the mill » few nights since, in Aurora. A verdict of,mansfaugh- ter im the fourth degree has been rendered against Winn, who has been held to bail. It is now thought to be justifiable homicide. There is great excitement in Buffalo about the nom rival of the steamship Atlantic. Fatal Acetdent. Unica, Feb. 2, 1851. Charles M. Soott,in the employ of Wells, Butter- field & Co., American express agents, in this city, was Killed last night between 9 and 10 o'clock, by being thrown out of leigh. The horse: d dragged Bim against « pest with such force, as to kill him fa- stently. ar Meteo joal Observation. BY MOKSE’S LINE, NO, 16 WALL STREET. ‘The wind is and the sky is cleudy. The ther- Lt is degrees above zero, and the barometer 2970. Some snow fell last night, but the wind blew it out of sight Rocne: . Feb. 2-9 A. M. The weather is very cloudy and looks like snow, though it is mila and pleasant. The thermometer stands at 30 deg a Feb. aot A.M. U The weather is cloudy and » and the wind ie southwest Thermometer 1334 degrees ; oe- rometer 30.140, About three inches of fallen. Brxacuer. Feb. 2-94. M. ‘The atmosphere ene but rather mild and sent. The wind is eouth, and the thermometer - cates 20 degrees. Osweco, Pe 1861. The weather here is un: Jeasant. Th nats ro and it is raining. The thermometer stands at 34 de- grees. Axnanr, Feb. 2, 1851. The weather is cloudy and rath-r unpleasant thie last night. morning. About one inch of snow fell The thermometer notes 27 ee n ehitt Thursday, the 20th nlt., was at we bave ce January 26, 1844, wher thermometer stood at xero indy Our Balize Correspendence. B auize, January 5, 1861. Politwal Intelligence—English Doings in Central America— Wrecks and Loss of Lafe. A long time has elapsed since I have troubled you ; I have chosen rather to omit writing than to convey inaccurate iatelligence. I have now cer- tain intelligence trom the interior, and beg to in- form you that peace in Guatemala was only a Berlin on the special invitation of the king. M. von Manteuflel gave a diplomatic dinner on the 29th, to the representatives of the foreign powers. In the evening the prince attended the performance of ** The Prophet,” at the opera. The Constitu- tionnel devotes a paragraph to the appearance of the stateeman whom, next to Manteuffel, it most de- tests :—* The prince,” it says, ‘sat im the state box with M. Prokesch Osten, the Austrian ambas- fe exterior betrays the diplomatist rather than Soldier. The expression of his face is cold and impassive, and its repose is rarely broken by asmile. An extremely high forehead contrasts strongly with the lower part of his face, which is thin and narrow, almost meagre. The prince wore a simple evening costume, with a small cross at his bnttonhole ; but he wore the riband of a higher or- der, epparently that of the Golden Fleece, round his white cravat. He left the house at the end of the fourth act.” A Dovere Breacu or Honssty.—Oa Wed- nesday last two Irishmen, who had been at work in Danvers for the last few months, arrived in this city; their names were Owen Dwyer and Patrick Cillcorley. Dwyer had in_ his possession about ‘5 in money—which had been given to his wife y arailway corporat 3 @ recompense in- juries sustained by an dent. He owed in Dan- vers about $100 to various persons. Patrick told bim that he need not pay these debts, but he Would take care of his moacy. Accordingly trusted Patrick, and dropped the wallet street, and Patrick stooped down ‘fornenst” him, and picked it AF “Now,” said Patrick to Owen, “my boy, | will keep this money, and put it in the bank for you--then you won't have to pay away eny of itfor your debts in Denvers.”” But the debtors of Owen were in town, and knew that he had money—Patrick conceived the idea of a using the pocket-book es lost, and Owen, a “glass of liquor in him,” ingly the worthy pair concocte the annexed ad- vertisement, which was inserted, and paid for out of the pocket book: — Dotrans Rewan Be Furty street, te State ect, a wallet, containing $853; re bills on the Globe Bank, Boston, the oth: membered. Whoever hae found the same, and will leave it at this office, shall receive the above reward. So far, good. Owen was happy in escaping by the Le hea of one dollar, a deot of one hundred. Patrick was his bosom friend, aad that night, Wedneadey,they had a glorioustime. Buton Taurr- day there cawe a change—and such a change! Paurick had girded up his loins, aud fled incoati- nen'ly unto the distant city of Manhattan, taking with him all of Owen's money; yea, even his wardrobe, his coat, his shirts, aad bis trowsers! Owen's despair at seeing himself and family lef enniless can be better imagined than deseribed. ie applied to the police for aid, and they will do their beet to arrest Cilleorley. We append ade- scription of his person forthe benefit of others: He weighs about 150 ibs , five feet five inches high, black hair, wep eth age heavy black beard, but keeps it cleaa shaved. He was dressed blue cloth overcoat, and snuff colored coat. him! Boston Temes, Feb 1. Tur Hoe Trapr ov Tur Wrst.—The Cincin- nati Price Current gives the following summary of hi htered at the West during the season | just — eseer 320.549 206 114 berlend V. Cincinnati. ... . Deduct 10 per cent for light weight | Total deficiency... | Ourreturas from I d | as yet mengre ; but we believe the deficiency in | those States will be greater than the aggregate in Onio, Indiana, Kentucky, and Teonessee. A let- ter from a highly reliable source at Lafayette, in. forms ve that the hogs have been drawn from a much greater distance in [ilinois, toward the Wa- bash, than in any previous season. This accounts, in part, for the comparatively small deficveney ia | the business in the Wabash valley. We have placed the falling off in weight at ten per cent, and that we believe is a very low estimate. ‘Tux Latn Fire at Watertown, N. Y.—The Watertown Union of the 27th ult, gives the fol- lowing list of sufferers by the late fire at that place :—The eggregate loss in buildings and pro- perty cannot be lees than $35,000—mostly covered by 1 nce. Knowlton, Rice & Co, (burned out tor the fourh time during the last 22 years,) lore on their buil , vindery sad bookstore, §2,000— insured $8,000 ; Perkins’ Hotel, owned by John Brown, of Albany. loss about $4.000—proba- biv insured. Perkins’ loes $3,000—insured for $1300; Washington Genett, building and good: 3,000—insured ; J “x BF. Hotebkin, build ing and goods, $2.%0—insured ; Meronie Lodge and Chapter, boas $1,600—insured $1,000; Mrs. Newcomb’s loss $500—ineured ; Mrs. Graves’ lose on building and stock "$1 ,400—inaured ; Dyer Hont- ington, loes on byldy stock $500 —insured ; B_ Lewis, im removing sehold furniture, lost | $200; D. A. Andrus’ loss sbout $200; VS. Han hard’s Joss about $200; W. 1. Robinson, T W. Wheeler & Co., John Giles, Charles Stapl A afew others, must have sus emall loss, in addition to the ebove. Sw@Ration To St. Levis, Mo —The St. Lowe ‘Times gives the following siatement of the arrival of emigrenta at that city during Wie past ten years rr name—the Indians and other brigands are again in arms, and are robbing and plundering all whe are not uble to take care of themselves. The same may be eaid with regard to Hondures. Several demonstrations have been made by the insurgeata there, which have been repulsed with great loss on the part of the Indians. The State of Salvador has aesumed a very hostile attitude towards Hoa- duras and Guatemala. The probability, however, is that it will be amicably settled. A British war schooner, from Gray Town, has been here, and we learn that an addition tu the force at that place has taken piace, the object of which seems to be to keep your citizens (new crossing the continent at that point) in proper order. Meanwhile, the mor chante and mahogony cutters from this settlement, are pushing their mahogony cutting operations in hat quarter with greater vigor and with untinng energy, and by the time your government gery ready to enquire the meaning of all this, they will be quietly in possession. Nine points of law are ntheirfavor. In the State of Yucatan matters are assuming & more floomy aspect. The Yucate- Coes are again quarrelling amoug themselves, aad from present appearances, their hostility te cagh other is more deep and bitter than towards the Im dians. At the town of Lacalar (my correspondeat writes me) the troops are entirely out of stores, aad are now, und have been for the last three weeks, subsisting on the cats, dogs, mules, and horses of the settlement, with a small allowance of corn, The detatchment i lace consisted of abort 900 men, ; Out of these over 300 have died, many deserted, and near 300 are now on the sick » rising 30 de~ serted; and unless atauce comes, (of which there is no probability) two weeks more will see that town, with all its fortifications, (recent! erceted at great labor and expense,) ia the h of the Indians. A smail schooner, on its passage from the Island of Ruatan for this place, with from eight to twelve Teons oD 5 pposed to be lost, as they ooh been out over three weeks, and not heard rom. The schooner Thorp, of and for New Orleans from Chagres, with seventy-four passengers and crew, was wrecked on the reef at the Northern Triangles, on the night of the 17th of December. The paseengers ond crew were taken off, and placed o1 quay. The boat—a very small, weak eet long—was sent in here for assistance. The U. S. Consul immediately chartered.and sent aschooner to their relief. When the boat left, those on the island were on an allowance of one biscuit and a pint of water per day fore they were taken off the number are in a very dangerous public hospital of this place; and w i i worse, the majority are destitute, they been coe a free passage, by the owner of the Thorn, from Chegres. his is the fourth lot of emigrants. thet have put in here during the last two montha,. showing too fearfully the nuisances and uncertaia- ties of sailing vessels in the wioter months, shortly provisioned, lightly manned, &e , Xe. Our httle town ha id a very lively Christmas. The mahegany cutters have evinced a great deare it advanced wages, for the coming ear, and appearances are promising for mextyear. ur provision market is overstocked, and prices are low. cD. Barrer, (Hon ,) Jan. 15, 2851. Ship Wrecks— Political Matters—Affatre in Yur catan— Markets. Thave only time to inform you that the drig Allem King, from New York, went on shore on the night of the 6th inst , and isa total wreck. Fler passen- gers and crew were all saved, as woasa part of her cargo. The English ship Union went ashore om the 4th, at the Roman river, and is also a total loss. Her officers and crew +) saved. It is ra- mored in town that a Prussian ‘bark and an Eng- Kish ship at the southward, are iso lost; but as yet, these reports want confirm ation. Another and still more painful report is af joatintown, namely :— that the British schooner J ane, from Truxillo, for this port, has foundered, and her crew anda large number of passengers lor ¢ with her. This repor seems to be generally | jelieved. | mention it as 4g and believing she will arrive here before long . Our neighbors at Be calor, in Yucatan, are in a sad plight. Their pr visions are exhausted; the bulk of their men or , the sick list; and ¢ surrounded by anir numerable squad of the States of Guat We have passed » gay Christmas. Money has been bot all have managed to squeeze throvgh ands have, generally speaking, hired atedvanced wa, and were we to judge by the present acti gity in our little town, we might antici- pate A ZOO 4 year's Our pre vision berditto , unusual a rather tight, y and logwood are still searce | is worth 75 to 87he; reaperilia from 12 to Sp sissiprt.—A correspondent of the Lage, writing from Jirckson, of the attitude of that State government, and the formation ™M v towards the fede of a conspiracy, seye :—At the head of this formida- var. Possev gers. Vest” | ble array stands the executive of the State, backed 84, 57 3x8 2,118 | by two of the judges of the Supreme Court, the 1842. "AN 9.080 chenesihoe of the State, and every State oificer ia 1803, ». 46,302 1352 | and about the capital. To these you may add « 1844, 61,002 2.295 | long het of gentlemen renowned in former days for 1845 82:90 2.944 | there political zeal and prowess on the rostram, who 1846. 115,230 22% | have | see been as wide apart the poles, y 166 110 3.147 | but who ere now found side by side in battle array pra, 191 9M 3,069 | against the federal Union. ‘They have at their com~ 22h 1 3.237 | wend almost untold wealth, and are prevated to ero. 499 | bri ba3 to their services all those oowntiess ag -acies and bonitien, which, alas! for poot haman nature, bie 6¥Es) PAETE Wo be bought for Mowey