The New York Herald Newspaper, January 9, 1857, Page 5

Page views left: 0

You have reached the hourly page view limit. Unlock higher limit to our entire archive!

Subscribers enjoy higher page view limit, downloads, and exclusive features.

Text content (automatically generated)

ae. wae cameras Wesahington which cball reosive the confide-ace of the President and the support ef Congress. 4 dng the most Prominent of them we will mention W6 following: Jona Appleton, editor of the Portland, Mame, drgus; Roger A. Fryor, of the Richmond Bnquirer; Ool. Harney, of the Lovigvillo Demnoorei; J. W. Forney, of the Philadelphia Pamsytvanian; 4. D. Banks, of the Petersburg Denozrai; Beverly Tucker, late of the Washington Sevtind; Mr. Burwel), once editor of the Washtugion Republic, and mere yecently of the Kuow Nothing Organ. Toe present editor of the Augusta, Georgia, Oonsiitu(ionaits, is also an wapirent. Goveancrsery oy Txuwxsses —Governor Johnson bas euthorized the announcement that be will not again bes eandidate for the office of Cuief Executive of Tennossec. Panseyiyania Usicep Staves Sunaror.~-The Harrieburg @orre# por dent of the Philadelphia Gaseite says: — The qceetion cf United States Senator 1s attracting Sarg e of publio interest in and on: of tbe Tagan. are. The democravs are working assidcously to secure ‘abe caccus comination ‘or tbeir several friends. Jadging from tbe best uformation I heve bean able to ebtaia, the ‘strength of the reveral can: sdaies, on « frsi vote, apooara 4% be something like the following :—Robbins, 24; Forney, ‘My; Foster, 17; Brodhead, 4; H. B. Wrigat, 4; Bucka- low, 3, after a ballet or ‘two, however, the poaition of Wings will be materially ed. The ropsbitoans will ‘wndoubtod!y nominate Genera) Simon Cameron as their sancidaic, iu sil probability by an cnan!cous vote. bo event hia frievds boys that he may succeed ia being It will require but two or three democratic page which ft ie thought he will be able te secure. Samm Mumsorat Exacnoy,—The muaic'pa! election of Sulew, Macs., took piace on the 6ib tuat. with the follow- fog reault for Hayor:— Measervey, citizens’... @egood, ropubtican.. «A405 Conmrrurionss. Convention ix lowd.—A Constitutional Gouvention was \o convene st Iowa city on toe 3d fast. ‘Rt consiate of thirty-six members, whe stacd poiitically:— Republicens Democrate ‘The quesiion whether back charters sha}l be prontbited by the Siaic constitution wil! be the prominent subject of consideration. Bansse Lacicrsrcre.—The Kongens Legislature meets on @eecond Monday of January, 1867, and on the fret Monday \n that month thereafier. Active preparations fare being made fur the accommodation of the members and vieitere at Lecompion. Mariem River and Harlem Lake. 10 THE EDITOR OF THE HERALD. Among the improvements in and around the city, | herve noticed the atiempt to improve tue navigation of the arlem river. 1 have for years been of opinion that ‘Whe groatest improveuient that could be made in Harlem stver would bo’to fl it up, and make cry ground of it, @nd J should like to seo this question or idea discussed by practical men, and ite tofiuence or efecis upon the @rowth and proeperity of the city of New York. ‘Bhat Harlem river can be easily and successfully filled ‘@P, and mado solid ground from the Third to the Tenth @venuer, there can be no doubt; it iz only n question of @ent and expediency, or utility. There is abundant mato- tal on both sides of the river, aud within convenient @istance, 40 accomplish this great work, and thereby emecx, permanentiy aud forever, the island of Manbat- tan to tbe main land of Westchester county. ‘Then a)] the leading avenues, such as the Third, Fourth, Wi, Bisth, Sevapth, Fighth, Ninth and Tenth, eould be continued, or carried out tno the country wita- out any difficulty or obstruction. Toen ali the city ratl- veads could paw out without obstacie—eithout the delay end danger of those pitfalls or mectraps calied draw. bridges. As Wo the practicability of such & work thore oan be no @eubdt, for works of equal or greater maguitude have ween acbieved within the past twenty years in inis and ether countries. Toere are rofnc sections o! the Now York and Erie Hatiroad whieh have cost almost as mash malle ag i would gost per mie to Oli some portion 0° Harlem river—to ta) Of the cost and isbor of ‘the Croton ban gel Works, or of the stap:ndous work ate Deen acoomp ished wihie afew years {a tue @runsge of Heriom jae in Holland = Harlem river caa Be an easily O ied iT ad oid Collect and its outlets ebovg through Centre and Canai strects. In 1790 the water was sixty feet deep near where ihe Bowds, or Have of Just.ce, now stand in Centre street. pi no more naterst obstecles or difficalties in way of aii Ce tame peptic rr ada Aad Si ch and ite outlet, or than there is to be Of the jow ground, marshes and water the Second avenue, near Hurigate and where the Hariem canal was pro joo Sock’ no natura! dificnity or ovetacie in the ‘way of filing up all Ubese places, ay they sro all mere ‘sbort waier courses, or draige jato waieh tide flows, gmail cetoarier, net streams or rivers iy, that Grain an extensive ie.eod country, and subject to au ame and cxensive hesbew, Harlow river t# an estuary, ani ‘whene vor the tide is prevented from Sowing gg it, Dy mB dam a fow fect aoore bigh water mark, that end Ol {i a8 8 waier couree, for the water will not on - late or gather, and baret over the dam or mound of will reeece cach way from it There are bo considerable strams that fiow from the worth oF sido isto Harlem = river, ‘ent! near Kivgs’ bridge, and these could be turned inio the Huceon, through Spay tea Dayvel Now Isboud (ke bo kuow whet obstacies, or oojections, ‘any, there are (o thie great work, The iaw ay to sere bie Waler may stand in tho way, The benofits resulting from soch ® work wes'd be Tt would at once enisrge the bor ry of Ni ‘York to such ap extont, ta. in 6 manner entirely and wholly unobetructed, as can be dono ‘no other a7, ‘and si! thore beautiful and rolling lauds on the north sige of Hariem river would be brougpt | cro tg long city, avd parks, aod grounds 2 ond bo made equal in tent and bes ucy to those of almost any city ia the world. Gee goed reeur {rom the Bling of all \hewe inland waters, ‘would be a much more heathy region It would be free from the dis ates that now prevall there in the form of ‘water of 13}; leet, 000 nore, aud discioned tractef land of nearly ofthe hey or great lake, fertile frown cieam engine, which worked or is tbe water out Ning Am an the Adveruivar, Jam. 6.) having "boon mad pabiic ich has been made by M:. Gray, in toe ‘tapant yon ea ate, for tbe benefit of pebiic iwetitations, w: be able to wtate more correctly ana distinctly extent of the ap ‘wlore actually by. to public ures, », will Do seen fom the document quoted belo: cantiai of two muvifloert ondowmeris oF Spooitic braxohs ‘of instruction in the Fine Arw and in Natural Historr, Harverd Coliege, av inatitution in which taken a dec> ‘vierott, havin; demic education and having veers, 8 member of the Board of Over arn that Mr. Gray bas by two wills, of which other the Hon. Joba }- Gray, and his nophe: dering 8 poriod of ten wiebes in eran) explained a the following paseaget, which we are authorized © make pablic — After providing faily forall tho bequesis ip my will, In efeaing tbat to Yearaat if ‘ere sbell remain, (wo youre after my death, i'r abeve en wih ie ee Amatituticn as you ose, Sram alt bouks relate lesen Ae pect . “yo yk ~~ ae oper, 2 sixteen pr would out of thst turplos, ‘ward Collece, or such other my Ly of Cag iH i F i Be~ Thore '*, - Deileve, every reason to anticipite the proces. estate left by Mr. Gray #i | bys ‘Ample to meet als he Apeoiiic bequs 0 hie will, with @ Fesidue more that **fflcinng to cover the donations, ty the smornt of $66.00 wamed jn ibe letter above quoted. ‘The intrinsic ealve of tee Coy. Yellow Of engraviogs. In at HOD to the donations is money”, @ doublions far grever ber their cost, ebich ie supp. we! to have been from 26,000 to $30,000, many of (ne. Oring rare works of lich mould be with ailcu ty »-opured ph any cogs, Hit se me = a Transit _ Company. if OP A REORIVER arvoneraan Ten Om Aan OF PRD ORUE YOM THB SUPREME COUR” _appotas, TERM. BetoreP on, Judge Davies. Lax, Le Wm, Po’ Jen and cihars agt. the Accasory Fran: Wt Company —T 1 piatntitis in this cause baye soquired a Hen, BY’ tue of an attachment, upon four steamships owned py the defendants, the Accessory Transit or pany, @ foreign corporation. A large number Of the other defendants have acquired a like lem, by virtue of similar attachments, and by jedgmente and executions against the sald corporation, brane As yt by the Bherii of the of New York upon said four steamships, Ou/bet a ee Transl: Company exe- ants, Morgan ae Best, om apn bg Northern Light and Star bonde of $1, M00 cadh, aud of-which bonds ihe defend. be bilt, is the owner and holder of 118. On the Bk! ah ny Derg the Company execated @ mortgage ip We ‘upon the shi; Cross, as to secure tbe payment of ten bende of S058 each, of which are now owned and held by the de- fendant Vanderbit. On the 12th of June, 1666, the de- fendant Vanderbilt baring 0 vanced to the company the 4am of $70,617 67, and a further advance contem- plated, the Transit Company sold snd eoeneret to the defendant ‘Vanderbilt, as security such: said four eamalipn, thereof. That the advanced to the the — sum of $69,202 02, making tho tou of his advances, for which beciaims to hold the said ships, tah, 817 39. nshosgnent mortgages have been executed by the Company to Lord & as tros- tees, to secure bonds which are now heii by the defon- dant Vanderbilt. The varicus attachmen's and liens by execution upon ‘bese four ships amount to about the gum of $100,600, The Locage ag has been sold by the United Biates Marshal since Ge pene, of this motion, and purchased by the defendant Vanderbilt. Since tse jament of the motion commenced the steamsh'p ‘Websier bas been removed oxt of the jurisdiction of thie court, A motion is vow made for the appoint. ment of a receiver 10 take charge of the property peud- ing Unis litigation, and to preserve and make gach diepo- sition of it as shall be crdered by tue Court. The motioa = the appointment of a recetver of the property of this ‘ation is oppored 7. the defendant, Van- al it, in bis character morigeges, as be claims, in possession. He £ aivo, and bas beocn aince ‘February 6, 1866, President of the Vee ay 2 but meither be por any one on behal! of the company, as representing the compeny, opporet ihe motion. Toe defendant Vanderbiit claims that, being @ mertgegee in possession, it ‘® not competent for the Court 10 interfere whb =. disturb that pcssesaion, however much e rights of the other creditors of the company may be jeopardised thereby. In this I think the counse! for the ‘defendan\ Vander bili are mistaken. Hie claim ‘s only thet Of a Hen for the pay ment of his debt, ia the order ot itr pri- ority—the same rights which each of the other creditors bave. When bis is paid, and whieh is subject to the oisphery grep ore cc foto the payment of eubsequent ne, and tho defeadant, — claiming as mort- Ets ‘and aleo representing the mor'gegors, has united ‘him hostile and confiictirg interests. [tis apparent io my mind tbat this property shonid be placed in indifferent and impartia) hands; ava the custodisa is a receiver of thit Coort, who will be bound equally t> protect the we of all, and it the interesis rr all, and the special interests of none. I under- Stand this \o be # familar and wel) Senet — ple of equity jurieprusence. The rale [re hg Mike the present ie well laid down in Barbour’s Of, Prec vol. |, p. 668: * A receiver is appoioted for the pened ot the intercated periy who makes the applicatioa, avd for avy others who may chooso to aval! themselves of it, ‘and who may bave aa interest in the property proposed to be pnt in the bande of a receiver. Toe immediate moving cause of whe appointment is the preserva- tion of the subject of ittigation, or the rents acd profits of from wastc, loss or do structios, so that there may be some har- ‘vest, some frvlis to gather atter the labors of the contro- verey are over.”? The preservation of this property from waste snd destruction, 80 that their creditors, as well as the other parties to this action who may have Heng thereon, may gathtr some frutts from this litigation, is vital to the rights of all interested, and readers it, in my opmion, the imperative duy of this Court to place ite shield of proiection aroand it. It ie not, ix wy judgment, a ruflicient answer to this to say tha: Mr. int reste: im the protection of this fg ed and iberefore this court should pot taterfere. bow is he interested? aly for the paymoat of the Hers held and owned by him—not for the Lm sear = discharge of the large amount 0’ claims represented by merous body of sttachme:t aad execution cred 10 this court to inverpose its arm for tie _evert on tora a and future advances, ined b; tion 244 of the Code. That ubdivisica ‘authorizes the appointment of a recciver eae ee ‘on the appli- cation of eluber party, when he pparent be whys property whioh is the subject of the om, and is in the posseesion of an adverss party, and the property ts in danger of being lost or tojarcd or impaired. ‘The facts appearing on the motion in this cause are sufficient to warrant the aj ent un. der the joriky thus conferred. recilon authorizes the appoi yor 10 take charge of the property of « corporation which hus been disegived, or is insolvent, or in imminent pron Ad of insolvencf. Now, it is conceded that these jeamshipe the property of this Co neared Fae ent of tbe ens upon at Le i insol- ‘of the Court, Noa when Meppess tmditferent person, under approved security, aball take cbarge of the property, for ibe greator sale iv of all = Min 0 T Job ined oa benalt of the corporation to take Gare o the corpora tion, and preserve aid protect i proparty ceiver will be appointed to take charge of of the tion, aud preserve them, for thi of tue creditors acd stockholders generally. (Lawrence ine. Co, 1 Paige, 587.) A receiver will of property be- duty to appoint & receiver to take charge of this p Tam wi to tee that the rights of any one cao Ly jared by i, = om the contrary, that or Jerested in thin property will be preserved thare rights of the mortgegees prior 10 those of Mi bit, and the partics interested vader these mortgages, canrot be, Mr. Vanderbilt’ rity for the moneys enced by him is not ey way righte of the attachment and execution oredi- tors to what may remain after the payment and discharge of there lyn Ni pany aualps whet jt ougl peciaily to desire—the appli cmon Of iis property tothe payment of ite just debts, and ite preservation ate purpose, to the order of the are scoured, and t Let it be pi fed in the order, that the re- ceiver have no power to sell oF dispose of the the property cr apy part thereof, without special leave of the rt. Jax, 8. —This morning the Court mate the order ap pointing Judge Cowles receiver, acd directing @ sale forthwith of the four steamabips of the NI Treo eit Compery, namely:—the Northern Lij Star of the Wi Prometheus avd th? Dae jebster, al. lowing Did at such pale to the extent of bis liens on the vessels, the Sate, to be Ma ie te ‘er’ io bave the process s 600, which be by a¢yanced on the Promethour. m ? Court Calendar—This Da: Eoranyn Corni—Cirouit Perv 1.— Special enlondar aad Nos, 4890, 69, 171, 186, 199, 64, 84, 8€, 100, 102, 14, 106, 1¢8, 110, 119, ti, 15, 11 . vuxms Covrr— Nos. 47, 2, 1, Class 2—Noa 61 to 69, 73, 14, 147 oe 262. Also, the canset on the eslendar, not reserved, or ve caled Inthe order at ie pe ‘Suranior Covur.—Nos. 143, 251, 262, 264, oT, a 288, 250, ie cgi RP AC ak ae aed ane Sh 335 Set, 828, 399, 390, 881, £32, 555, 894° 398; 837" 338) CoumON PLBAS—Part 1 —No. 194 t0 140 inclusive and 8, Part 2.—Nos 3%, 48, 141 to 166 inclusive, Unrao Staves Derruct Covet.—Nos, 86, 42, 61 to 68, Fors, Furs, Furs—At White's, 148 Fulton sheet, between Broadway and Nessen. Gente’ hal at 63 cloves, gentiomen’s winter Nk plush, bultalo end woir ner of Canal and Wooster Ae, at streete Furs, Furs—Selling off Ladies’ Kure at pS a Prices, at BANTA'S, corner of Canal and Wooetar Bacon Not Only Advertises Superb Ambro- ee on Therein lies the seoret of bie on nod Holmes’ Last Nov 'y of Art ts the byt 4 Dortraltypee ‘acd dollar photographs. See them bhagee Cent omer ad Likenesses, with pron ad wae. * Charter Oak hf } brooebes, em ia on biteahy Pe er att 7 akin Tewelien, No. 995 ——$—$—— Smithtontan How: cememogations on the Ruropean aoe} hareeeereries — Sten heat thi oughout, "Sse nets ap BINR And large partion Bhan os ‘AN, Union Hote), 277, 279 and 281 Hndson Good rooms aud Accommodations, at reasonable Use none hut Cristadoro’s Dye —Wear none bot Cristadero’s wigs. Your interests Kcilowiog ‘bis uiviee: Adarean No. €-Aslor Housges*e! °F John Wood's New Gymnastom Now QUNo 6 Kast Tweety cighh sireet, near Pith Avenue Eobrovat —_ i secs & pers seen persons shewmamuwin, Th hy lke # charm, penetrates every fibre, and reheves the aunt seat he aed Be Divinion nee 7 vealed a CUaY Pe bow Dovel its Pest! powder prest detence leche and evens bere, a M. PATRICK. ‘White Teeth, Perfamed Breath and Beau. tifa) complesion, ean be sequired “balm of & thousand flowers.” Beware of immense erica Siren sofabed ., Franklin equare, N.Y. For sale by all araggiets. Hollows} of minute orifices in melia eaaer the hand itis conveyed to the FINANCIAL AND COMMERCIAL. MONEY MARKET. Tuvrapay, Jan, 86 P.M The stock market seems to have lost that buoyancy transactions, the tendency of prices downward. The disposition to se') is gradually extending; but the fear among holders is that the market will not stand the prea- gure of mush cash stock. There is foundation for auch fearr, and they would be realized upon the frat attempt to prese « large quantity of stock forsale, Tne variations im prices to Gay were unimportant. There was more ao- tivity in Erie and Cleveland and Toledo than im any other of the fancy railroad stocke. We notice both im these stocks and in New York Central « more active movement on the par; of the bears, 1s Crosse and Milwaukie ha nearly recovered from the recent decline, and was quite active and firm to day at an advance of 1% per cent, Michigan Southorn wat s little lower to-day. Alter the adjournment of the beard the following sales of stoche and bonds were made at auction by Albert B. Nicolay — gh Lackawana & Weeiern RN., let m. mt ie 0 shores Broskiya City’ Haale nud Now London R 80 Bank sate of New Yor! 16 Commonwealth Fire ins. Simeon Draper's regular semi weekly sale of bonds and stocks will take place to-morrow, Friday, st balf- past 12 o'clock, at the Merchants’ [xchange. The warrants entercd at the Treaeury Department, Washington, on the 6th inst , were as follows:— Texas debt warrants... At the second board the market wae barely sustained, aud the operations were quite limite. The case tn the mo- bey markei, 80 jong and so anxiously looked for, Lag not yet been realized, and {i ie our impression that it is as far off ag evor, Altra little while, when it is seem that the preature continues in ful force, and 18 not likely to let op, we shal] see such a change in the sto:k market as will astonish some sanguine speculators, and create a gencral At preset holders are carrying stock at great srorifices. It is estimated that two and three per cent a month are about the rates paid by outside specu- Inf It will require a very handsome advance in prices to let this ciase of operatore out withont loss. The Assistant Treasurer reports to day as follows :-—~ American, at ortiand trom L- ‘Yerpoo!, brings u# four days ‘aler news. The ssoountsare ‘not important in any point of view. Cotton aud bread. tions for consols were without change, Tne banks «till remained closed. Money was in active demand, and the advices from France spesk of a removal of the restric- tons by the Bank of F/ xnce on discounts. The Counselior of the city of Baltimore bas taken tho requizite legal meascres to restrain the payment ©: tho late surplus dividend of the Baltimore Onto Railroad. The annexed statement exbi>iivis the value of mer- chand'se and specie importet tuto this port in exch month of 1866, the aggregate of that year, and for the previous three years:— Commence OF THe Port or New York—Iimvomi# ann Exvoxre, VALUE OF INVORTS. Mouths, Jwnuary.. 1,62, Pebraaiy rece 22 1,458.) a tian one Seg2RS g2S5c8s. et ES Soper tem age 3 beets te & October, 86,781 Novem 318 baz December 2 i917 BOL, HT 14,158,549 19 778,328 9,001 21.156 387 yalvs Or exroers D dupe: duly. Augiint hepiember eV Rovembs December Total 1 Total. 1855. Tora), 1594. Total, 1864.. The New York Central Rattroad Company do not like Atuiin were the same as previously quoted. Toe quota. | the iooks of their own figures in print, eo arranged tha; the public can understand the We must confess they took bad enough, but our duty tothe community compels wa to podlish them over and over again, so a8 to fully im. press upon the public mind the importance of ayowiag such traps to catoh men of emali means, in the invest. ment of their money. For the purpose of favoring the company in every way, we give below their own tguros tn the shape given by themselves — z Naw York Cavrnat Rasinosy—INcome Account. By balance, Sept. 30, 1856 $588,167 Passenger receipts Mai\ and miscelianeour receipts: Total... To ‘expeunes ot maintaining ‘and operating Toad. 4 oo Coupons and terest, Dividend 788 Dividend No, 6, ann ins, ‘ ae. pried = 1,919,506 Future income . amount of one year’s contri uti yn to Debt Certificate Sinking | ved, trans ferred 10 current income accvunt...... 1uiea Balance, tept. 80, 1850,......... 1,301,006 88,964,996 ny palasice Bop t. 80, 1 + $1,801,035 By Dalanee Sept 30, 1 HBRLST Sorpine net earn, for year ondg. Sept. 80, 1866 §7L%, We are ibus precise in pincir g the baianee in exch year roparate, for the purpore of showing how near the wind this Company #niie according to ite own figoring [i wi be teen In the account of expenditures that there is a0 allowance made for increase of construction »:0unt ‘The expense of maintaining and operating the rovd is put down st $4,097,867, which i# only about 62 per con No one oan for ® momont suppose that the inoreave | construction account, which the company admits amounting to $1462.46), is locladed in the above aggre gate for maintaising and operating the road. Tne com pany do not say that it is, but that is the impression the ‘wish to convey tothe public mind. That there may bo | no coubt about tte actual increase in the consiruction ac | give the official report of Iteme:— Coet or Comsrkvction axp Pquir mart, ‘By last repors, To pra time 98,796,44 count, Gradnation and masonry 96,700,498 epeenrasiarss including iron. 9, ouese Pageenger ana freight stations, builaings and Oxtures.... 981,905 Epgine and oar hovecs, pe, machinery and fixtures 660,735 Land, iaod damages and fencer. 2,590,200 Locomotive pm 4 and tx and snow plovgbs s+ 2,019,088 Pereenger and baggage care. 784,018 Freight end other cars 1,956,118 Rogimeerng and agence 693,166 Con mp uetion account of the Ro. chester & Jake Ovtario Reti- yond Company... 150,000 150 600 Comat vetion account of the Sof. toto & Niagara Fetie Ravlrona Oc mpan. 068,921 Const) vetion account of the lew. iatun Eatiroad Company, 884,200 Total... . $28, Im 18b4 tre conetruetion sccomat amo: + Pid, Roe iu Abbi, Lag ame OF CoRBPIGAUOR, 1 amyuntea | to 923,029,000, The tnoreace in eavh year einoe 1859, ‘ane been as follows:— 9,678,374 account, 1863 to 1864. § Increase tn construction account, 1664 to 1865. 630 Inoresse in construction socoust, 1066 to 1866. ene Tolal ino, 30, 1859 to 20,160.98 103 808 Joke dame Pl SMe tame tt, about. 6,700,000 Increase construction account iba We wish it distinetly understood that we vouch for nothing. The only data we have for our calculations a the company’s report. When we state that the Contral Railroad Company earned 534 per cent oo tt) captal jae year, wo wish it to be understood that such is tho result we arrive at by a groper analyzation of (he com: Pasy’s figures, Wo do not believe that tne com pany bee actually earned cme por ceat af it dividend, The five and ® quarter per cent net earnings appears in the income account (tnctudiag Admitted construction expenditures) for the past year, but i we take the past three years, our figures thow (bat the increase in construction account exceeds the aggregate amount of dividends ppid in that time $1,- 067.872, Had the Company paid fo dividends in the Tast three years, and applied the money to construction, that account would have stil! ehow aninareso of more than one million of dollars. We remarked sometime sinoe that the total income of the New York Central Railroad Company would not show comparatively acy increase in total earnings, no matter what the reported inoreaso ip 1 Pose income might be, The income account for Inst year shows thus:— Seplembor 30, 1856, balance September 30, 1856, balance... Increase in balance 0° {noome necount, Septem: ber 1866., oe 68184,722 Sept. 30, 1865—-gross earnings for th» year .$7,707,348 bs Rept. 20, 185¢—gross earnings for ths year. 6,008, Inoreaso in grows income Sept, 80, 1860....$1,149,107 04 The great difference between the Increase in grose ip. come and the increase in the ret balance of income ac. count must strike any one ata gianoe. 't clearly ap- Pears that # great increase in the grese income account does not increase in a corresponding ratio the net balance ofthst account. If we deduct 50 per cent from the in- crease in ¢rog# income last year, we shal] have an in- creased net income of $576,889, instead of $124,722 a8 stated in the com) any’s accounts. We shall be able ulti- mately to find space for all the tabies and the reports of the New York Centra! Rallroad Oompany, and anything we can do for the company tn giving publicity to their figuree and facts, will be done with pleasure. Io our Previous remarke upon the subject ef the repor! which has surprised the scheming world by the originality of {te expedients, as well as by the boldness and audacity of its summing up, we ventured to allude to that ever- lasting corstruction account, in which i¢ swallowed up at 2 guiph all the accidents, repairs, dam- ages, excessive running expenses, in hori all e losses of every kind and description, that at tbe end of the year, oan by apy poseibility be stowed away in it, and which has ‘or 90 long # period been a shield, railroad companies and the public hiding their disorders avd en- abling them to declare dividen We had po idea of being understood, as confining our opinions to the New York Centrai Company or to the Erie Ratiroad Company. The remarks are applicable to nearly all reports that are continually thrust upon the public notice by raliroad managers. It has become a disearo made specia) end ia jeading to resuits that will sooner or later Good the coun. try with millions of worthless rage, from which there Hl be no relit To look back for Ove short years and add up the sume which have been silentiy and eceretly pushed into construction account, for the purpose o! issu bg & report which ehould show ‘net carniogs’’ equal to a dividend of four or five per cent, would exhibit a resuls #0 astounding that it would hardly be credited. The fact ‘would be made aprarent, thata few years ore devoted to such practices would bring the entire railroad fabric to the ground, and scatter their obligations to the winds, ‘and yet im the face of such « fac: almost dally established, some of our papers, devoted to the interests of these pub Mc robbers, do not hositate to invite the community put their money in the bonds aud shares of thete corpo- rations, even holding out the hope tbat prices equal to hose which ruled in former years, when the whole sys tem Was an ¢ periment, and when tbe property counted by hundreds of thousands instead of hundreds of mi)- Hons, would soon again be realized. Thee organs have ‘but one motive in all this, which is to stimulate spe ruin tion and produce an exparsion tm prices, Tuey do simply ‘the work of their employers when they exercige their ialu ence for such purposes. The prices of former yearsaro the result of a belief thatthe railroads of the country wili yield large returns to the stockholders. Experience bas shown that they never can be completed, and that while the great interests of the community are benetied to an incalculable degree by their existence, they never can bes source of profit or revenve to the stockholders. Success wil! be the exception and Bot the ruie. Construc tion account wii! continue to absorb thelr carniags cnt! the Immense masses of bonds sold for two thirds of their par value commence to mature when tho imposs'bi.ity of their renewn il) be made manifost, and the bubble finally explode. Those who will take pains to com pute the amount of railroad bonds falling due in this country within four years from this dato, will fad tt to be not much short of $50,0¢0,000—ffty miilions 0! daliare. Who is toabsorb that vast smount, unless «change takes piace in the management 0! theee corporations’ ‘The Rell ot Fire Insurance Company have declared « remi-ar nual dividend of five per cent, payable on do mand; the © bia Fire Insurance Comouay, « sem!, annual dividend of five por cent, payable on ibe i2m ‘natant; the Wella, Fargo & Oo. Express Company, a dividend cf five per cent, payable on the 16th instant; the Bank of Washington (1.C.), « sem! anova! dirifend ‘of three per cent, payable on demand. Stock Exchange. Twonspar, Ja + $688,167 aoe 712,870 10¢ she Read RN op 120 Clev, Col & Oin kes 50 Milwan & Mies x 100 MichSA&N iaR. ar] 160 PALLONES, ASUOKMENTD, BEC. hal im jan The teeming is our woolly reperh of a aeeign- No George & Co, Ambers, Maes ded. A & 1. Howers, Waltham, Maes. and com: sats 9900,0¢0, surptos Ton" bleneees rin ‘trvidea “n.Waion & 00, Boston, Mase., fon 7 Cc De ‘Boston, Mass., sut! sie9,ate, Trbuniiee "810d,000, &f which 930,000 w coal: Stackpole & Richards, Lawrence, Mass., suspended; Keliy, Townsend & Co., stock brokers, New York city, . , Hart & M pended; nablies shone Goo, ot which 660,000 w'eontidental; cont ew Boiser, Now York city, failed and assigned, ‘Thayer & Kettle, New Tore oe failed and aeigned. Henry el, et N. + Gare 0 eriand, Nayon & Brown, b out and suspended. N.Y, failed and as. Samvel liawkine, Rochester, N. Y., ae wed, Dublebeies, Scbreeder & Co, Trash NY. esuigned. Thompeon, Paterson, N. J. euapended arly, Noritoraville, Pa. itd and ase. w Roth, Holtiesvilie, Pa. Jebn VM Rridgeman, Pikeetiie, ‘Tews fanet Dens) dee, ibtuheee, Vnv, nemigeed ON, A, By.;!, . 7) yea Winkle, Shor King NEW YORK HERALD, FRIDAY, JANUARY 9, 1857. Lind & Werrick, Massilon, Obie, suspended; Habilities & MoArthar, Cleveland, Ohio ; sold out and sus- Roe & Buchanan, easigned. Dry wate tetede oa, Micb., . F. we. W. mu. John M. Doty, ’ Sr hes bere eee, ‘Thomas Pryce, La Porte, la Milwaukie, Wis, gE Gictardeos, Portage City, Wis., Sane, marae James M.’ Bulings Keolruk, lows, assigned to good divi 4 expected na Cibes we, assigned. jenuingt 8 Cauieser, J My a ee. CITY COMMERCIAL REPORT. ‘Tuveapay, Jan. 8—6 P.M, rt “ama ot 26 Dbis, of pote were made at 1 serene — Fast The market was dull, and the sales confined to the d trade, The transactions embraced 3,000 » 4,0¢0 bbis., at about the following juotations - Southern alone was less active, ‘The transactions embraced about 700 « 800 bis, ‘wiain prety range of the above quotations, Wheat was ateady, inquiry for export, fhe sales embraced about Toco e 15,000 bushela, included im which sand Dushols Missouri white at $1 76, Southern wait at $i 76 8 $178, Misecort red at $1 67 ‘and Iilinols roa do. at 6150. on ‘was rather more firmly hold, and 68c, a 699. asked for Western mixed, and 5,000 Dushels new Southern mixed and i! fold Y oie Southern old yellow and white was at 7 /~ wat quiet. The tone, my 4, 000 ushels. Onts were 0. a 48c. for Siate aud 490. a ble. for L apey ee were confined to about 400 a 600 bage Rio at and 60 do, Lagueyra at i 8 wero wailing ateamer’s news, while sales were confined to 700 & 800 bales, at rteady prices. Freicurs.—To Live: pool, 5,000 bbls. of four at 28, 64. ; 20,000 bushels givin at Ted # Bd, the inelide rat tor 00 bales cotton 732d. a b 278, Gd. ; 3 4. To London, 1,660 bbis. to 2 jgd.; grain ee 100 bales bacon ai J0s.; 100 Bois. Sore at Sn. GUNNY CLOTS —Salee were made, at Boston, of 1,150 oe SS 200 bales to arrive iu March, at 120., 6 wont Hay,—The market was steady, with saios of 800 « 500 bales at 960. a $1 per 1€0 Iba. Hinas.—Sales of 4,000 Vronocos were made at 30c., 6 1non —S'cotch pig quiet, at $80 a $30 60, 6 months. } BaTRER —Both hemlock and oak were firm, with an advancing tendency in prices. Haics of middling and i woighi# Buence Ayres hemlock were made a} Sic. a c., and Oronocor at 30 Line wae dll, and prices lower for both common end lump. Moissets —Saies of §7 hhde,Cubs musoovalo were made at 48¢. Naval Stone —Sniee of 600 8 600 b tine were made at O(c, cash. A rorin were made ai $1 ‘eo, 62a sles, Within turpeptine have been shipped to London from tirt hands, snd 2,60 00. to ltverpoo!, leaving a light avock, which ts heid at #3 15 a $4 (his.—Degieb linseed wae toactive at B20, a 830., walle American waa at 80c. 8 Crude whale was duli and Lominal; crude sperm and manuiactured do were changed Lard oil was saleanio at 960 ; rod sell 2c. cash, 300 galiona Weatorn winter lard oll sold at £1 085,—4 months, Provisions —York—Tno ma ket was steady. Tao tales embraccd adout 3¢0 bia, includiag mew meee at $20 123¢ and old do. at $19 374) a $19 59; prime was nt $17. Beef continued with sales of about 409 dbie., including country prime &! 96. = 1c ; conutry mess and old repacked couniry meas at $10 00% $1225, acon wae in fair demand, and 409 boxes bonelese short mid- ; and $00 boxes Ca b a o meata were rm; 15 Taltitnore ime were Bold at pt, and were mode at 1))¢ Dretsod Lard was firm, with saics of 600 paokege ter and checee were without change tn prwoes View —Salew of 150 casts were made at 240. a 4)(0 SvGaM were active, with wales of adouc 1,4¢ nds, Cuba muscovado at full prices, cloring fully yc. per ib. advance, with about 8.0 hoxes brown Havens, chictly at So w 942; and 100do., at 100. A firm in tho trade, in their cireviar, make the following statements -— ‘The year just closed has been a very remarkable one for the sugar interest of the world. Both at dabrow! a higher range of prices bos been established than hos prevaued before Tis natural to look fur the causes wht have produced this rerult They are Ure fold: wu inere cousimy ton overtaking the production —@ diminished produc tom, doth accidental aod designed—and a 9 (bat shared by mm: sptrite turpen- bo! the digec € California, The United § eadily increased ids stile le 400 00) tons. ‘This inevease has been stimwiared b: be perioush ow is now checked, but cas hardly it priver: bed, except by niga by os of 1aSS were cenorully Iarge. wishana, (he largont ever grown . Prices were low, and it was #0 early frost crop of 1853 as follows E1427 bd; and the pr nat he on the beat tv formes pert Toto bhae. The crop of Tews ie about 8.000 or 10.000 bce This deteiency in our domestic produ ° plied by United Stares tid in the wil require in ¥ enr ly 20,000 & ug the Course Of the market in tela city they F about 260 provided tof Au took piece, and by qnat a rencti rn Septew erally drm, and 4.000 tone in the stock’ and with a cices varying &1sse on mutcovade; Hgo on Manilla, and 2e per ugar bigher (ban at {8 opening The following b RoomPArenve tadlo of the tmports of sugar tod molasses from let January © Sint Dooomocr, 1800 and 1806 —~ Whe 18% 14.39 wn Coantwise Total, 15,909 | sr 5216 $3,003 1883.18 1s, hier VAN 82 3 The following will show the comparative busiaess of this port fer Bye youre — Bt 8i5 Tso? 1868. 1854. 1865. 1506, + WOSI9 TEATS ITO.geet U4 TE 17S S735 108% B32 60 8 V5O.004 1546007 170,285 161,403 198,901 ck December oh yea 1oae4 6,708 10.786 Tous! « im $605 180.125 Dedue! espor'- nd sh ments intandioCanada 1,73 Taken for oe Wray sumption. 1 i A —The lost rale made 'n this market fitted of 20,000 Ide. Oohoteke, wt 7 ford 1,0¢6 ibs. South Ker roid at 8 Waivray —Sales of about 590 bbie, were made at 26e JiR RENEWED EVERY DAY, | Help, ee sin Pages | ~ = | | aise ELLAN IOUS, Hy STORM W YORK TAKEN New Ter w York ‘ak New York taken by # New Yors taken by © By the anc teoed ‘lentet demand the unprecedented demand inpresetested dewaud For the great Huntington tale tne ar iogion tale Por the great Huntington tale For the great Huntington tale 2 4 fapase OF ROM ANC! BR UP ROMAN in th ape OF Rom In ti DG The mole auton soht at or oat, Be La aed Roan he whole edition sold al once. ‘The whole ¢.titton sold at once. sccond ediuon gow Feed? | tow ready Becond edidiem now Re-ond edition now iy Al al) pews depots. At all news depots, a A all gews ¢epoty Ani the boys send 4 4~4 Ask the boys | or the LEDGER OF ROMANC] bo= the LEDGRT AN FLAYE FOr Mey, THORE 85 50, Boots AT JON, | ort ino the double wale boots aes? | | | | RO BONO Saati. —ALLSOP'S CELRBR P32. Fast India tonic pale ale, brewed in Baron on fey 0. I Regines co Craught and in boisies, at the wine vaults, Ni PREPARATION Ba | Gesnive KID While on the hv © RRCTIFIERS —DR. Faee WANGER® 6M00 « LY ig acd clearing preparation Is now indienensabl rs; it takes the ede an! | f the spirit and makes amooth, old and lone ‘senect, Bourboo and rye high fh weandy tor tale by nae MISCELLAN&UUS. ‘BE WEW YORE LEDGER, T Iesew oady next week. mew ready Dray Fars. write fri ure Kouhwortk Mra rites for fig et Gihwon writes for i Allee writes for it; and reletia that Emer. THE NEW yoRK LEDOBR. it alno ‘The same may be said < Mr. Cobb, ie. ROKS & TO! , 103 Nessa airest, genera) Ageia. 1. CENTS. {READ A Mew in the elonds, is) CENTS, ht in the clouds. in jouda, CENTS. CENTS. CENTS. r CENTS. CENTS. ¢ » elo Night in the clouds. Night in the clouds, Night in the clouds. Night im the ek Night im the clon Night in the clow Night in the cle: Night in the elouda Night in the clow'a Night in the Night in the Night in the Night in the clowta Night in the clouds. Night in the cloudy, Night in the cious. Night in the clouds Night in the clouds Night in the el } CENTS. | Night in the @} CENTS. Gi CENTS. | Nicht in tn 1 CENTS. Night fn the clouds. I 4 a 6. PRANK .@ShTR's No, 58 re depoias it als: . | engray |: gn, BR, ne great {amily paper, in oe ready for next week. Tn now ready Tr now ready Is now ready write for it; Mra. Cobb writen fer tt; worth Fanny Fer for ‘it; Mrs. South 3 Gibson writes ROSS & TOUSRY, 108 Nad Married. BAvcan—Zuinee —On Wednesday evening, Doc. 31, by Rev. J. M, Macauley, Burky 3, Baxxre to ALtams Wape- Wont, eldest Gavgbter of Cicott Kiines, Eeq., all of thin oil 7 Rer—Kine.-—-On Wednesday evontog, Dee ol, at the D K. chureb, corper of Fourta street rud | wayetic ace, by tho Rey. Dr. Dewis, Mr Jomw |) | st Nee Manarinx Lizzie Kise, both ot this city. AMMA —~ScaLisy —On Sanday Pc 21, alike (barem of St. Joseph, by Rev. J. Nooesga, Mr. Lov Ikanwar to Mise Marva Scaruay. Evare—@ovmay —On Toessay over iog, Jan € by the Rey, Geo, F'yane, Kpwia Kvans, of Keglaud, to Mise Svan Govan, of this city. Mcnrny—McKrenxay.—On Tucrday evening, Dec. 30, the Rey, De, MeKerri», Jous 2. Mumemy to Asae + A M, elders dacgbter of tne iate Johu MoKiernan. Gausnee—McCantny.—On Tueedav, Jaw. 6, by the kev. Father Starrs, Mr. Owes Gautanmn to MANY ANRB Frances, daughter of tho late James Movarthy. ALiEN—=FARE— 19 this olty, on op ne Al covering, Jap. 7, by the Rev, Gharles Norton Mr. Wittis Soorr Avian (0 Mins Sansy J. Earn, both of Newark, . / Newark papers p enee HGNT— TERTONE ——OD Aneséay, Doc. 3, By we Rev J. 8 Wakely, Mr. Gsonca Kow, Waicrt to Mim Maacarat Jose Taauty®, both of tis otty. Birg Sing, Ub\o and Tiilnols papers please cooy. Mocws— imwanct.—On Tuesday, Jan. 6, ) Tine Kev De, Tote, minater of 8. Lake's ohureb, Mr. Wea Moos, of” this city, Mien Gaesu DaMRatt, of Devon tbe. Engiand Denyare—CuaMnens — On Wodresday, Jan. 7, by the Rev. Semve) Beaw ck, Gavx.e W. Dugyan to Makvaker a. Chane Muse —On Wednesasy, . 7, Of reariet fever, Grouca W. Suma, eged 3 years sud’? months, youngest ton of ¥rea’k. F. and Biizaborh M. Miller, Tue relatives and friends of the family are respectfully, Invited to attend tho funeral, this aiternoon, at naif past one o'clock, from the reewenoe of bis parents, No, 73 Safloik pirect Kiscre —Ga Wednesday, wit Thema K'nzie, ag yy PUR, myo: 2 days, pative of Ne The relaiivi me friends of the fam'! invited {0 ettend the funeral, ite o'ckek, from ber lat residoxce, No. £45 corner of Twenty tt Haven.y —Un Wei Aro respoetfully a two ib avenue, t hin reridonce, to ¢, of cougumption, "al will take place o morrow afternoon, al two when the friends 0: the family aro particclarly d 10 attend mt — Un Tharrday Jan. &, of someamption, Wir- AnkeTY. & mative of Cioumell, county Tipperary, Teelard, a years. Bie Iriew ‘acquainiances ave rorpectfully tyited to attend the this aforuoon, at twoo’eioct, from 127 Howery. His revnsine will be taken to Green weed (er inferment, Clopmeli papers please copy. Wed Jan, 7 Mr, OMARLE® Nanos, a , The frience of wh iy, and the members of the ¥ \ ee Guard, aro {tty'ted 0 attend tbe fo — No. 248 Siath &! tw On Tauracay. Jan 8, of eousumption, Carta. atbew M in the 28th year of ber age 4, and those ot hor brothers, Johp, Thomas, Pairick, orgs and James Hoog'ns, sre reopeestally | tuvited to attend the funeral, trom denoe of ber hurband, No te Tas! hiroad'way, noep, mt ene o'clock. Fovaare —Oo Thu y evening, Jan, 8, after e short yughter of Kobort Roberts, azed 16 Papers. ¢. Jen, 8, Mere Fi age ayratan Lopes, formerly of § eo é frien: of the family are reepect’olly Invited to attend ihe funeral, on Sso¢ay morning, at IC 5 o'clock, from the reaiience of ber brother, Capt. 0. P. Ley. 0. 107 SH. Mark's piace. tho reaid.noe of bie brother in inw, J. Caldwe!l, on Thursday afternoon, Jan 8. of consumption, Ascxe®, Jourth gon of Rey. Thomas and Freeer, of Lanark, Carade Wert, in the alet year of bie age, MecRervt.—On Thoraday, Jao. &, Kowano Pameom, aged pyre) = 6 month e, son 9 Frederick and the iale Mary nd friends of the family are invited to at this afer soow, at one o'clock, from No. ‘int p Main ~ 08 Thareday, J ey pata Wiese Mawen, ag) monibs ari 12 days, only son oa Mx hae) and bide Maher. , i ‘The relatives and iriends of the family Longe tpn 4 | invited to Me oy ty ‘this aflernoon, at one o'clock, from the residence of bis parents, » Wert Twenty sixih street, Sew ant —On Thur ade; Eng lieb, seed 40 months. Connotry —On jay, Jao. 8, Cuanten Covsoicy, youngest sen of Jobu and Catharine Connolly, aged Ape. funere) will take place this afternoon, si iwo from ihe residence of his parents, No. #41 Eaat lyn, on Bsbg. morning, Jaa. 7, Tam, im tbe STtp _ lock, fro’ yD, Without further invitadon. "amine —O8 Wosneeday, county, CaTmamna, wire ba Md aa th the ‘The relauves are reapeotfally Invited to attend the ral, ‘eleok. at

Other pages from this issue: