being made with steamboat companies and sail- mort., 68, 1024; do. consol., 121; Lehigh and vania State 69, 2d series, 101@102; do. 3d seing crafts from all the adjacent waters (being | Wilkesbarre income, 75%1⁄2 ; do. 1st consol. ass., | ries, 109@—; do. 5s, rew loan, 116@117; do. rivers and sounds) to make Elizabeth City their 105%; Laf., Bloom. and Muncie inc., 7334 ; Man- 4s, new, 108% @111; Philadelphia and Reading, point, and connect with the railroad, and perish-hattan Beach, 35; Mobile and Ohio, 22%1⁄2; do. 26% @26%; do. consol. mort. 7s, coup. ¡2434 able articles will have from 24 to 36 hours ad- 1st deben., 88; do. 2d deben., 53; do. 3d deben., | 125; do, reg., 124@— ; do. mort. 6s, 117@—; vantage from it. 40; do. 1st mort., 106; Missouri, Kansas and do. 78, 1893, 119@122; United New Jersey R. The closing quotations on Thursday were: Texas, 44%; do. consol. ass., 112; do. 2d, 77; R. and Canal, 180@180; Pittsburg, Titusville Adams Express, 120@121; American Express, Marietta and Cincinnati 1st pref., 9%; Minneapo- and Buffalo R. R., 19@193⁄41⁄4 ; do. 7s, 98@99%1⁄2 ; 63@64; American District Telegraph, 61@lis and St. Louis 1st, 110; Michigan Central 8s, Camden and Amboy mort, 68, 1889, 114@-; 68; American Union Telegraph, 70% @70%;115; Missouri Pacific 1st consol., 105; Nashville, Pennsylvania R. R., 645% @6434; do. 1st mort., Canada Southern, 75@75%; Central of New Chattanooga and St. Louis, 75; do. 1st, 6s, 120; 102@10234; do. gen'l mort., coupon, 125@ Jersey 83% 88%; Central Pacific, 93% @93%; | New York, Ontario and Western, 30%; New 1251⁄2 ; do. reg., 124@-; do. consol. mort, 68, Chicago and Northwestern, 126% @127; do. pref., York, Pennsylvania and Ohio inc., 61%; New reg., 116@-; Little Schuylkill R. R., 54@55; 141@141%; Chicago, Burlington and Quincy, York, Lake Erie and Western Inc., 91; Obio Morris Canal, 60@61; do. pref., 164@167; 1792@180; Chicago, Milwaukee and St. Paul, Central, 24; do. inc., E9%; do. 1st, 106; Oregon Schuylkill Nav., -@5; do. pref., 9340101⁄2 ; 11401143%; do. pref., 124@124%; Chicago, Railway and Nav., 126; do. 1st, 1085%; Ohio do. 6s, 1882, 76% @88; do. 1872, 103@105; Rock Island and Pacific, 138@139%; Columbus, and Mississippi 1st, Springfield div., 116; Peo- Elmira and Williamsport pref., 52@—; do, 68, Chicago and Indiana Central, 21@21%; Cleve- ria, Decatur and Evansville, 2734; do. 1st, 107; 11134@114; do. 5a, 89@-; Lehigh Coal and land, Columbus, Cincinnati and Indianapolis, 95% do. Inc., 75; Quincy and Toledo 1st, 108; Rome, Navigation, 373427%; do. 68, 1884, 108@1111⁄2 : @96; Hannibal and St. Joseph 48% 048%; do. Watertown and Ogdensburg, 30; do. 1st consol., do. R. R. loan, 115@117; do. Gold Loan, 109 pref., 104@104%; Illinois Central, 12601264: 80%; Syracuse, Binghamtoa and New York 1st, @109; do. consol. 78, 114@115; Northern Lake Erie and Western, 4134 @42%; Lake Shore 120; St. Paul and Sioux City 1st, 109%; St. Pacific, 3334@34; do. pref., 65%1⁄20661⁄2; North and Michigan Southern, 135% @135%; Michigan Louis, Kansas City and Northern, St. Charles Pennsylvania, 55@561%; do. 6s, 108@110; do. Central, 12530125%; Metropolitan Elevated, Bridge 1st, 1034; do. Clarinda Branch, 99; St. 7s, 119@121; do. Gen'l mort. 78, reg., 120@122; 107@108; New York Elevated, 121@121%; Now Paul and Duluth, 36; do. pref., 73; St. Paul, Philadelphia and Erie, 203@21; do. 6s, 1021⁄2 York, Lake Erie and Western, 50%@50%; do. Mion. and Man., 88; do, 1st, 1114; St. Louis @; do. 7s, 121@—; Minebill, 58@583⁄4; Catpref., 903@91; New York, Ontario and West- and San Francisco, Class A, 100; do. B, 89%; awissa, 131⁄2@14; do. pref., 50% @50%; do. ern, 30@30%; Ohio and Miss., 38% @88%; do. do. C, 86%; Southern Pacific of California, 1st, new pref., 47% @48%; do. 78, 1900, 114@— ; pref., 100@--; Pacific Mail, 50% 50%; St. Louis, 198; South Pacific of Mo. 1st, 1064; St. Louis Lehigh Valley 57@57%; do. 6s, coupon, 121@ Iron Mountain and Southern, 5434@55; Union and Iron Mt., 1st pref. inc., 9134; do. 2d pref. 123; do. reg., 121@122; do. 2d mort. 78, 181%@ Pacific, 112@112%; Un ted States Express, inc., 76; do. Cairo and Fulton 1st, 114%; do.-; do. consol. mort., 1134@117; Fifth and 52@58%; Wells Fargo Express, 117@118; West- Arkansas Branch 1st, 1084; Texas and Pacific, Sixth streets (horse), 125 -- ; Second and Third, ern Union Telegraph, 81% 0814. 43%; do. inc. L. G., 75%; do. Rio Grande div., 107@115; Thirteenth and Fifteenth, 70@73; The following quotations of sales of Railway 984; Texas and St. Louis 1st, 94; Union Pa- Spruce and Pine, 55@57; Green and Coates, and other securities, for the week, are in addi- cific Collateral Trust, 107; Wabash Geo'l mort., 99@103; Chestant and Walnut, 85290; Hestion to those giver elsewhere in our columns : 69, 964; Alabama, Class A, 75; do. C, 88%; Ar-tonville, 19@20; Germantown, 70@-; Union, Nw York-Atchison, Topeka and Santa Fe, kansas 78, L. R. & F. 8. R. R., 13; do. 69, Fand 110@115; Lombard and South, 12018; West 148; Am. Dock and Imp. Co. 7s, ass., 124; Bos- Act, 24; do. 78, M. & L. R, R. R., 23; Louis-Philadelphia, 79@-; People's, 1618% ; CǝDton and New York Air Line, 47%; Boston, Hart-iana 7s, consol., 53; North Carolina consol. 48, tinental, 101@-. ford and Erie 1st, 49; Belleville and Southern 88%; do. 68, new issued Chatham R. R,, 75%; Boston.-Atchison, Topeka and Santa Fe 78, Illinois 1st, 115; Chicago, St. Louis and New do. 8. T., 3d Class, 8; South Carolina 6s, non- Dutch Stamp, 120; do. 5s, 1909, 93%; Boston, Orleans, 41%; Chesapeake and Ohio 1st pref., fund, 6; Tennessee 6s, old, 50; do. new, 49%; Clinton and Fitchburg, 23%; Boston Land, 35; do. 2d pref., 2534; do. 1st, Series B, 81; Virginia 65, old, 35%; do. 6s, consol., ex mat. Boston Water Power, 9% ; Brookline Land, 4%; do. cur. int., 50%; Chicago, St. Paul, Minn. and coup., 77%; American Union Tel., 72; Am. Burlington and Misscuri River in Nebraska 6s, Omaha, 49%; do. pref., 101; do. consol., 106; Dist. Tel., 62; Canton Co., 52; Sutro Tunnel, non-exempt, 104; Boston, Revere Beach and Central Iowa, 87; do. 1st, 114; Chicago, Milwau-14; Colorado Coal and Iron, 33; do. 1st 68, Lynn, 105; Chicago and West Michigan, 78; kee and St. Paul, 8. W. div. 6s, 110%; do. South 91%; New Central Coal, 28%; Maryland Coal, Connecticut and Passumpsic Rivers R. R., 88%; ern Minn. div., 110%; Col., Chi. and Ind. Cent. 24; Pennsylvania Coal, 215; New York and de. 7s, 117; Chicago, Milwaukee and St. Paul, 1st Trust Co. certif. ass., sup., 10634; do. Inc., 3traitsville, 66%; Central Mining, 4%; Caribou, Dubuque div. 68, 104; do. Wisconsin Valley div. 5634; Chicago, St. Paul and Minn. L. G. 120; 2; Excelsior, 61⁄2 Homestake, 294; Little 69, 101; Cincinnati, Sandusky and Cleveland 78. do.inc., 121; Chicago, Burlington and Quincy Pittsburg, 2; La Plata, 9; Standard, 23; 106; Cheshire pref., 60%; Central R. R. of Iowa, 88, 112%; Denver and Rio Grande, 88%; do. Starmont, 8. 36; Detroit, Lansing and Northern 7s, 1907, 1st, 115; do. 1st consol., 116%; Dubuque and Philadelphia.-Am. S. S. Co. 6s, 111; Belvi-1143; Eastern (N. H.) R. R., 85; Flint and Pere Sioux City, 82; Denver, South Park and Pacific dere Delaware 3d mort., 106%; Cincinnati 7.30s, Marquette 25%; do. pref, 82; Framingham and 1st, 11034; do. 1st consol., 11634; Delaware and Av, bonds, 126; Chesapeake and Delaware Canal Lowell 5s, 1891, 90%; Iowa Falls and Sioux City, Hudson 1st, Penn. div., 122; Hannibal and Cen-68, 85; Central Transp., 49%; Erie and Western 64; Kansas City, Lawrence and Southern, 91; tral Missouri 1st, 110; Hudson River 2d S. F., Transp. 65, 10234; Nerquehoning Valley, 56; do. 48, 101; Kansas City St. Joseph and Council 110; Houston and Texas Central 2d, M. L., 115 ; Philadelphia and Reading C. & I. mort. 7, 60; Bluffs, 121; do. 1st 7s, 121; Kansas City, Fort do. 1st, Western div. 11234; do. Inc. and Ind., People's Pass. R. R. 79, 105; Philadelphia, Ger Scott and Gulf, 74; do. pref., 125; Little Rock 97; Is. Bloom. and Western, 48%; do. Inc., mantown and Norristown R. R., 103%; Phila- and Ft. Smith, 64; do. 78, 110%; Louisiana 69; do. 1st, 80; do. 24,70; International and Gt. delphia and Reading R. R. scrip, 61; Pittsburg, and Missouri River R. R., 12%; Marquette, Northern, 50; do. 1st, 107; do. 2d inc., 88; Titusville and Buffalo pref, 25; St. Paul and Houghton and Ontonagon pref., 72%1⁄2; do. 69, Indianapolis, Decatur and Springfield 1st, 105%; Duluth, 40; do. pref., 79%; Shamokin, Hazleton 99; Maobattan Beach 78, 95; Monadnock R, R., do. 2d, 60; Keokuk and Des Moines, 14; do. and Wilkesbarre 5s, 90; Steubenville and Indiana 45; Nodaway 7s, 108; New Mexico and Southpref., 41; go. 1st, 103; Kansas Pacific, 1st cou- 68, A. & O., 1043⁄4; do. J. & J., 1061⁄4 ; Texas ern Pacific 79, 1909, 116; Ogdensburg and Lake sol., 1043⁄4; do. inc. No. 16, 102; do. 78, Leaven- and Pacific consol. mort. 69, 994; Uaion and Ti- Champlain income, 6s, 37%; do. 1st consol. 68, worth Branch, 140; do. 6s, Denver Div. ass., tusville 78, 102; West Jersey and Atlantic 68, 9034; Pullman Palace Car 7s, 1892, 114%; 103; Lake Erie and Western, 41%1⁄2; do. inc., 105; Warren and Franklin 7s, 114. The latest Portsmouth, Gt. Falls, and Conway, 20; Quincy, 68 Louisville, New Albany and Chicago 5834; quotations are: City 6s, 110@111; do. free of Alton and St. Louis 6s, 92; Rutland, 6; do. pref., Louisville and Nashville 23, 105; do, Gen'l tax, 128@130 ; do, 4s, new, 106%@110; Pennsyl. 29%1⁄2; do, 6s, 99%; do. 5s, 1898 80 Republi

7%;

fers in violation of it.

The Iron Steamboat Company.

Net earnings

.........

....

$2,574,349

1,467,336

........ .... ......

.$1,107,013

........

....

Proceeds from free lands

$654,640

807,130

$299,883

177,905

$121,978

can Valley def., 98; do. 6s, 108%; Summit of equity to give relief; fifth, the government is and Ohio Railroad, and by combinations with Branch, 21; Southern Kansas and Western not bound, even on notice of latent equities in 7s, ill; Toledo, Delphos and Burlington, 934; bonds to protect them, but may deal with the existing roads to make a through line from the Northwest to the seaboard. It will be independparty holding in regular form the legal title; Vermont Central 8s, 1902, inc. and ext., 70@75; sixth there may be cases in which bonds may so ent of the Louisville and Nashville Pailroad. do. 78, 1886, consol., 9; Wisconsin Central, 18%; far disclose the character of a trust as to make do, pref., 35; do. 2d series, 57%; do. pref. 5s, it the duty of the government not to permit trans- Hannibal and St. Joseph Railroad Co. 100; Allouez Mining Co., 5; Atlantic, 18; Aztec, The Hannibal and St. Joseph Railroad Com14; Brunswick Antimony, 20; Blue Hill, 3%; pany has issued the following brief statement of Central, 42; Catalpa, 24; Copper Falls, 154; The company recently organized in this city for its business for the year ending December 31, Franklin, 17; Harshaw, 5; Haron, 534; Mes- the purpose of constructing iron steamboats es- 1880-December being partly estimated : nard, 11⁄21⁄2 ; National, 23%; Osceola, 39; Pewabic, pecially adapted for carrying passengers with Gross earnings... 23; Ptœoix, 4; Ridge, 7; Sullivan, 6; St. speed and safety, has its plans well underway and Operating expenses 81,327,872 Construction and equipment. 139,464 Clair, 8; Silver Islet, 35; Star, 2; Washington, bas already given out contracts for building several steamboats. The new Iron Steamboat Com37c. Baltimore.—Baltimore City 6s, exempt, 122;|pany has among its originators and stockholders do. 6s, 1900, new, 123; do. 5s, 1900, 116; do. maoy solid capitalists and practical mea connect- Fixed charges..... 5s, 1894, 116; do. 5, 1916, 117; Cincinnati ed with prominent banking houses and transpor- Dividend 3 per ci. Aug. 2, 1880 152,490) 7.30, 1888, 120; Maryland Defense 6s, 106; tation and building companies, among whom are Northern Central 55, 100; Parkersburg Branch, Mr. Rufus Hatch, Mr. John Roach, Mr. Samuel 10; Virginia consol. coupons, July, 1881, 89; Carpenter, General Eastera Passenger Agent of Dividend 3% per cent Virginia Black Scrip, 8; Virginia 10-40 coupons, the Pennsylvania Railroad, and Mr. J. B. Hous91; Wilmington, Columbia and Augusta, 6s, 106. ton, President of the Pacific Mail Steamship Co. The late quotations are: Central Ohio, 48@ The company propose to have ready for the open49; Baltimore and Ohio, -@184 ; do. 6s, 1885, ing of the next summer season a fleet of iron 109@110; Northern Central, 45@-; do. 6s steamboats constructed in the most substantial 1900, gold, 113@— ; do. 6s, 1904, gold, 114 manner, of great speed, non combustible and with New York, Lake Erie and Western R. R. -; do. 5, 1926, 99@100; Marietta and Cin- Dumerous water tight compartments and other The following is a statement of the gross earrcinnati 1st mort., 1892, -122; do. 2d mort, 78, improvements for securing the bighest conditions inge, working expenses and net earnings of the 92093; do. 3d mort. 88, 49%@50%; Pitts- for safety obtainable. Arrangements have been New York, Lake Erie and Western Railroad for burg and Connellsville 7s, 123@-; Orange and made by which a large amount of the steamboat the month of October, 1879 and 1880-being the Alexandria 1st 68, 115@—; do. 2d 6s, 119@-; traffic between New York and adjacent seaside first month of the current fiscal year: do. 3d 8s, 95@— ; do. 4th, 57@60 ; Orange, Alex. resorts will come to the boats of this company of and Manassas 78, 98%1⁄2-; Virginia consol. 6s, necessity, while plans are being perfected with 77377%; Virginia 10-40 bonds, 5134@52; leading railroad companies insuring to the comVirginia consols coupons, -@91; City 68, 1886, pany a large excursion business. The first efforts -113; do. 65, 1890, 116 @—; do. 6s, exempt being made are to secure locally for coast, sound -122; do. 5a, 1894, 115@116; do. 5s, 1916 and river service a fleet of vessels with which 117—; do. 5s, 1900, -@1161⁄4%; Wilmington, some of the horrors of last years excursion seasor Columbia and Augusta 6s, 104 105; Rich- would be impossibilities. Northern Central Railway. mond and Danville R. R., 86@88; Western Extending beyond this the company have Maryland 68, 1st guar., 117@—; do. 2d pref., in view the construction of steamships of sim-gross earnings, operating expenses and net earcThe following is a comparative statement of the 107@110; do. 2d guar., 117@122; do. 3d guar., ilar character for ocean traffic if suitable en-ings of the Northern Central Railway Company 1208-; do. Washington Co., guar., 110@-; couragement is offered by our Government, and for the month of November, 1879 and 1880: City Pass, R. R., -@40; Union Canal endorsed it is but natural that such encouragement should by Carton Co., 115@-; Virginia and Tennes- be given since the needs of our shipping interests Gross earnings...... Bee 2d 6s, 105@—; do. 8s, 122@

............

Gross earnings.

....

1879. 1880. $1,713,697 67 $1,899,910 12

Working expenses.. 997,975 14 1,013,405 41

Net earnings.. $715,722 53 $886 504 71 showing an increase in gross earnings of $186,212 45, in expenses of $15,430 27, and in net earcings of $170,782 18.

1880.

$459,053 68

bave been so clearly defined and are attracting Operating expenses..
so much careful consideration. Subscription for
a limited amount of the capital stock of the com.

802,450 79

Gross earnings.

....

1879.

$377,316 48 226,273 45 Net earnings.. $156,602 89 $151,043 03 pany, not exceeding $2,000,000, will be received 1879 and 1880, the earnings, expenses, etc., were: For the eleven months ended November 30, until Jan. 12, in shares of $100 each, and the investment promises to a very popular one, espe1880. 1879. $1,556,076 81 $3 693,349 84 cially as it has for its basis considerations for the Operating expenses. 2,984,864 09 2,637,132 09 First, that the owner of government registered travelling public as well as some enterprising boods inscribed in a fictitious name, may, by such name, assign them to a bona fide purchaser ; Net earnings...$1,571,212 72 $1,056,217 75 business plans. Enterprises looking to public second, the government as a matter of strict safety and convenience as well as to making The managers of the Chesapeake and Obio right, is under no obligation to pay the holder of money have strong elements of popularity in them. Railway announce that during the first six months bonds fraudulently caused by him to be regis- The company have now seven iron steamboats in 1881 the direct connection to Louisville via tered (inscribed) in a fictitious name; third, under contract to be finished by the first of next Lexington and Big Sandy Railroad will be combonds inscribed in a given name are presumed to

be owned by some person of that name, and pur-June. They are to be built by Messrs. John Roach pleted; also the connection to Columbus, Toledo chasers under one assuming to be owner in a & Son of Chester, Pa. and Messrs. Cramp & Sons and the Northwest via the Scioto Valley Railroad; Actitious name must, to secure a transfer of reg. of Philadelphia. Their capacity is to be for also the extension down the peninsula to Newistry or payment, first make clear proof of bis about 2,000 passengers, with a speed of twenty port News, while other connections of great adOwnership; second, of the good faith of the trans

action; third, by bood indemnify the United miles an hour.

A dispatch dated Cincinnati, December 28, says

vantage are in process of arrangement.

The St. Paul and Duluth Railroad bas been

States against loss or expense, and to pay any lawful claimant; and fourth, farnish such other evidence and do such acts as may, under the cir- that negotiations are pending and will probably consolidated with the Chicago, St. Paul, Minneacumstance, be practicable and reasonable; fifth, soon be completed for the purchase by several polis and Omaha Railroad. President Ilsley of if bonds be inscribed in the name of one person, Cincinnati capitalists, (among whom are Charles the former road has resigned, and is succeeded but purchased with the money of another, as be- W. West and M. E. Ingalls,) of the Kentucky by H. H. Porter, who is likewise President of the tween them a trust may arise, unless it be re

bated by relationship or other fact, In such Central Railroad. The plan is to build a road to Chicago, St. Paul, Minneapolis and Omaha Comcases questions may arise as to power of courts connect the Kentucky Central with the Knoxville pany.

Marked thus (*) are leased

44

44

64

46

46

50

66

50

Block

out- Dividend Divide standing. Periods. Payab

$750,000 J. & J. Tuly 80 1,800,000 A. & O Apl. 225,000 J. & J. July 821.500 J. & J. (July '80 ...100 1,559,750 F. & A. Nov. 79 1,458,200 J. & D. (Nov. '70 180,000 J. & J. July '80 500,000 J. & J. Muty o 1,789,800 J. & J. Jan. '81

100

23

110,300- & 1,000,000 J. & J. Jan '1 J. & J. Jan, 18 121,600 A. & O. Oct. 83 200,000 J. A.J.O Apl. 78 2,100,000 J.A.J.O. Apl. 179 400,000 A. & O. Apl. 79 2,000,000 F.M.A.NAug.179 209.000 J. & J. July '71 908,600 J.A. J.O. Oct. THE 1,068,400 J. & J. Jan. '79 600,000 J. & J. Jan. 179 200,000 M. & N. Nov. '77 500,000 A. & O. Ort, 50 180 000 J. & J. Jan. '81 1,200,000 F.M.A.May 19 1,000.000 J. & J. Jan. 79 200,000 -&748,000 M. & N. May '79 600 09 A. & O.] Ap] '80 1,000.000 J. & J. July 180

500,000 J. & J. July '71 170,000 J. & J. July '71 500,000 J. & J. July '79 2,050 000 J. & J. Jan. 75 600,000 J. & J. Jan. 60 105.000 A. & O [Oct. 179: 200 000 annually Nov.'80 200,000 -&

1,500,000 J. & J.

Block Last out Dividend Dividend Marked thus (*) are leased roads. standing. Periods. Payable. roads. Albany and Busq*. .100 13,500,000 J. & J. Jan. '81 8 Louisv., Oin, and Lex. 50 $1,623,483 J. & J. July '69 3 Ware River*, Ashuelot... ............................ 100 210,000 quarterly Oct. 79 1 Louisville & Nashville..100 2,052,950 Nov. 1880, 100 stk. Warren (N. J.).....----100 Atch.. Top. & Santa Fe.100 10,409,300 quarterly Nov. '80 2 Louisv., N. Alb. & Chi..100 3,000 000 J. & D. Dec. '70 3 Warwick ValleyAtlanta and West Point.100 1,232,200 J. & J. July 80 4 Lowell and Andover....100 500,000 J. & J. July 18 Westchest. & Phil. pref..100 Atlantic and St. Law-100 5,000,000 M. & S. Sept. 80 Lowell and Lawrence.100 200,000 A. & O | Apl. 78 2,West Jersey.. Augusta and Savannah.100 1,022,900 J. & D. June'80 3 Lykens Valley -----100 600,000 F.M.AN Feb. '79 21 Wilmington & Weldon.100 225,000 A. & O. Jan. 78 3 Manchester and Law...100 1,000,000 M. & N. Nov. 80 6 Winchester & Potomac*100 Avon, Geneseo & Mt. M.*100 Baltimore and Ohio...100 14,216,800 M. & N Nov. 80 5 Marietta & Cincinnati 50 1,405,912 & Winchester & Strasburg 100 " pref.100 4,599,578 J. & J. Jaly '80 3 61 1st pref. 50 8,130,719 M. & 8 Sep. '66 3 Worcester and Nashua. 75 Washington Br..100 1.650,000 A. & O. Oct. 80 5 2d pref. 50 4,480,368 M. & S. Sep. '66 36) HORSE-POWER R. R. Berkabire 600,000 quarterly Apl. 80 13 Massawippi.. -------100 400,000 F. &. A Aug.'80 2 Boston and Albany-100 20,000,000 M. & N Dec. '80 2 Memphis & Charleston 25 5,812,725 J. & D. Jan. 603 Albany City ---.. 1&1 Bos., Clin., F. & N. Bed.100 1,297,600 Metropolitan Elevated..100 6,550,000 quarterly Jan. '81 21 Baltimore City. 25 44 pref.100 1,750,100 Oct. '80 2 Michigan Central 100 18,738.204 F. & A. Feb. '81 4 Balt., Cat, & El. Mills...100 60,000 J. & D June '76 3 Agricultural Br. guar..100 Middlesex Central......100 2,136 shs F. & A. Aug. '80 3 Boston & Chelsea pref.. 50 800,000 M. & N Nov. '80 3 Mill Creek & Minehil* 50 323,375 J. & J.July '80 5 Bost., Conc.& Mont.*pret100 Broadway (Brooklyn)...100 Boston and Lowell.-500 3,250,000 J. & J. Jan. 81 2 M. Hill & Schuyl. Hav. 50 3,856,450 J. & J. July '80 3 Broadw. & 7th Av. (NY)100 Boston and Maine.100 6,921,274 M. & N. Nov. 80 4 Missouri Pacific.........1 0 12,416,000 quarterly Jan. 81 1 Brooklyn & Hunter's Pt.100 Boston and Providence-100 4,000,000 M & N. Nov. 80 4 Mobile & Montgomery..100 2,794,800 F. & A. Feb. 80 21 Brooklyn City...100 131,700 J. & J. Jan. '81 3 Morris and Essex. Attleborough Branch. Ico 50 15,000,000 J. & J. Jan. '81 34 Bushwick (Brooklyn)...100 350,000 J. & J. Jan. '81 3 Mt. Carbon & Pt. Carbon.50 Cambridge.. 282,350 J. & J. July 80 6 ..100 Bost.. Revere B. & Lynn. 100 950,000 J. & D Dec. '80 5. Nashua and Lowell...10] 800.000 M. & N. Nov.'80 3 Cen. Park, N. & E. Riv.100 Buffalo, N. Y. and Erie 100 Burl. & Mo. Riv. in Neb.100 8,537,800 quarterly Feb. '20 2 Nashua and Rochester-100 1,305,800 A. & O. [Oct. '80 17 50 Citizens' (Phil.).-------377,400 quarterly Apl.'80 3:8 Nashville and Decatur..100 1,529,000 J. & D. Dec. '79 3 Citizens' (Pbg.) 50 Camden and Atlantic... 50 pref. 50 838,311 quarterly Apl.'80348 Nash., Chat. & St. Louis. 25 6,575,296 A. & Opl. '80 1 Coney Island Brookl.100 381,926 J. & J. July '80 3 Naugatuck ............ . Camden & Burl. Co.....100 ..100 2,000 000] J. & J. Jan. 81 5 Continental (Phila.)... 50 447,000 J & D. June '80 8 Nesquehoning Valley. 50 1,000,000 M. & S. Sept. 80 81 D. Deck E. B'dw. & Bat. 100 Orpe May and Millville 50 1,159,600 October. Oct. '80 $14 N.Castle & Beaver Val.* 50 1,800,000 quarterly July '80 2 Eighth Avenue (N.Y.)..100 Catawissa. pref. 50 2,200,000 M. & N. Nov.'80 3 N Haven & Northamp..100 605,000 quarterly Oct. 74 3 Elizabeth and Newark 100 2d pref.... 50 1,000,000 M. & N. Nov.'80 31 New London Northern 100 1,418,800 quarterly Jct. '80 14 42nd St. & G. St. Ferry-10 689,110 J. & J. Jan. '80 4 N.Y. Cen. & Hudson R..100 89,428,330 quarterly Jan. '81 2Frankf. & Southw.(Ph.) 50 Cayuga and Suaq. Cedar Rapids & Mo. R.*100 6,850,400 F.M.A.N Nov. '80 1 New York and Harlem 100 8,500,000 J. & J. Jan. 81 Germantown (Ph)...... EO 769,600 F. & A Aug. 80 81 pref. 100 pref.10 1,500,000 J. & J. Jan. '81 4 Girard College (Ph.) .......... 59 June 80 3 Central of Georgia-100 7,500,000 1& D. City Line..... annually Apl. '80 3 Grand St. and Newton100 Gentral of New Jersey-100 18,563,200 quarterly Apl. 76 2 New York & Long Br.*100 2,000,000 Oct. 179 2 Green & Coates St. (Ph.) 50 Contrai Ohio*-- ---- ---- 60 2,425,000 J. & J. Juy '80 3 New York Elevated 100 6,500,000 quarterly Oct. '80 2; Heston, Mantau & Fairm. 50 pref... 50 400,000 J. & J July 80 3 N.Y., Luke Erie & West.100 77,107,700 Highland... .....100 .........100 54,275,500 F. & A. Aug. 80 3 Central Pacific pref.iuc 8,115,700 Lomb. & South Sts.(Ph.) 25 -- 100 880,000 quarterly July '80 14 N. Y., N. H. & Hartf...100 15,500,000 J. & J. July '80 5 Lynn and Boston.....100 Chemung. 100 2,155,300 J. & J. July '80 1 N. Y.,Provid. & Boston.100 3,000,000 quarterly Nov. '80 2 Malden and Melrose....100 Cheshire, preferred Jhicago and Alton..---100 10,065,400 M. & S. Sept. 80 84 Niag. Bridge & Canand 100 1,000,000 J. & J. July '80 3 Metropolitan (Boston)... 50 pref..100 2,426,400 M. & 8. Sept '80 3 North Carolina.....100 4,000,000 M. & 8. Mar. '80 3 Middlesex (Boston). ..100 Chicago, Burl. & Quinoy.100 31,004,456 M. & 8. N. Eastern (8.C.) pref. 100 96,000 M. & N Nov. '774 N.Y., Bay Ridge & Jam 100 6,156,000 A. & O. Apl. '79 $2 North Ponusylvama.... 50 4,527,150 quarterly Nov.'80 14 Ninth Avenue (N. Y.)..100 Chi., Clin., Dub.& Minn.. Ohicago,lowa & Nebras*100 3,916,200 J. & J. Jan. 81 4 Northern Central 60 5 842,000 A. & Jan. '81 21 Orange and Newark....100 Chi, Mil. and St. Paul..100 16,404,281 A. & O. ct. '80 3. Northern N. Hampsh..100 3,068,400 J. & D. Dec. '80 3 People's (Phila.)........ pref. 100 12 279,483 A.&O. Oct. 80 31 Northern New Jersey 100 1,000,000 J. & J. July 772 Philadelphia City 60 Chicago & N. Western-100 14,988,267 J. & D Dec. '80 3 Norwich & Worcester 100 2 604,400 J. & J. Jan. '81 5 Philadelphia and Darby 20 pref.100 21,625,853 quarterly Dec. '80 11 Ogdensb, & I. Champl. 100 3,077,000 J. & J. July '76 2 Phila, and Grey's Ferry 50 Chicago, R. I. & Pacific-100 50,00,000 quarterly Feb. '81 1) pref.100 2,000,000 A. & O. Apl. '78 4 Pbg, Alleg.& Manchester 50 Cin, Ham, & Dayton...100 3,500,000 A. & O. Oct. 80 2 Ohio and Mississippi...100 20,000,000 quarterly Ridge Avenue (P'h.) ....50 429,037 M. & N. Nov.'80 3 Cin., Sand. & Clev. pref. 50 pref.100 4,030,000 J. & D. Mar. '75 3 Second Avenue (N.Y.)--100 Ulev., Col., Cin. & Ind--100 14,991,800 F. & A. Feb. '80 21 Old Colony, .100 7,133,800 J. & J. Jan. '81 3 Second & Third St.(Ph.) 10 Oleveland & Mahoning. 60 2,057,569 M. & N. Nov. '79 4 Oregon Railway & Nay.100 4.455.0.0 quarterly Nov. 80 3 17th & 19th streets (Ph.) 50 Oloveland & Pittsburg 60 11,236,160 quarterly Dec. '80 1 Oswego and Syracuse 100 482,400 F. & A. Aug. 89 Sixth Avenue (N. Y.)...100 Golumbus and Xenia 50 1,786,200 M.J.8.D Dec. '80 2 Panama -100 7000,000 quarterly Nov. 80 4 Jomerville (Boston)-100] 832,000 J & J. Jan. '81 4 South Boston Colum. & Hocking Val.100 2,500,000 F. & A Aug.'80 4 Paterson and Hudson* 100 50 60 1,600,000 M. & N. Nov. 80 5 Paterson and Newark_100 250,000 J. & J. Third Avenue (N. Y.)..100 Uoncord. 100 350,000 J. & D. D c. '80 31 Paterson and Ramapo*.100 248,000 J. & J. Jan. '81 4 13th & 15th street (Ph.)- 50 Concord and Ports.*. Conn, & Passump Riv..1 0 2,175,700 F. & A Aug. 80 2 Pember. & Hightstown*. 50 342,150 J. & J. July 80 3 23d street (N. Y.).............. .100 Connecticut River 100 2,100,000 J. & J. Jan. 814 Pennsylvania... 50 68,870,200 M. & N. Nov.'80 4 Union (Boston) -------- 100 Cumberland Veilev...60 1,292,950 J.A.J.O. Oct. 80 24 Peoria & Bureau Val.-100 1,200,000 F. & A. Aug.'80 4 Union (Phila.) 1st pref.. 50 241,900 A. & O. Oct. 80 4 Philadelphia and Erie* 50 6,004,300 J. & J. West Philadelphia... 60 64 2d pref... 50 243,000 A. & O.Oct. 804 pref. 50 2,400,000 J. & J. Jan. '75 4 CANALS. 600,000 quarterly Jun. '80 11 Phil., Ger. & Norristwn 50 1,626.250 M.J. 8.D Dec. 80 3 Danbury and Norwalk, 50 50 2,401,528 A. & O. Oct. '80 11 Philadelphia & Reading 50 32,726,375 quarterly Jan. 275 2 Chesapeake & Delaware 50 1,983,503 J. & D. June'75) Dayton & Michigan*.. pref. 50 1,211,250 quarterly July 80 2 pref. 50 1,551,800 quarterly July '76 3 Delaware Division..... 50 1,633,350 Aug 18 60 1,230,950 J. & J. July 80 3 Phila, and Trenton 100 1,259,100 quarterly Oct. 80 2 Delaware and Hudson-100 20,000,000 F. & A Delaware.. Aug.'76 Del. & Bound Brook*...100 1,584,400 quarterly Nov. 80 14 Phila, Wil. & Balt..... 50 11,572,700 J. & J. Jan. '14 Delaware and Raritan*-100 5,847,400 quarterly Oct 180 Del., Lackaw. & Westn. 50 26,200,000 quarterly Oct. 80 14 Pittab., Ft. W. & Chi.*--100 18,714,285 quarterly Oct. 180 i Lehigh Coal & Navigat. 60 10,548,550 J.8 D.M. Sept. 761 Detroit, Lans. & Nor...100 1,874,000 F. & A. Aug.'80 2 Special Imp-100 6,204,300 quarterly Oct. 01 Monongahela Navigat. 50 1,003,500 J. & J. July '79 pref 102,503,300 F. & A.Aug. 80 3 Pittsfield & N. Adams..100 450,000 J. & J. Jan. 80 2 Morris (consolidated)-100 1,025,000 F. & A. Feb. 18 Dubuque & Sioux City*100 5,000,000 A. & O. Oct. '80 Porti., Saco & Portsm..100 1,500,000 J. & J. July 80 3 (preferred).100 1 176,000 F. & A. Feb 75 8 50 1,309,200 J. & J. July 80 3 Profile and Franconia..100 Annual Nov. '80 8 Pennsylvania........ 50 4,337,950 -&50 392,950 J. & J. July 80 3 Providence & Worces..100 2,000,000 J. & J. July '80 3 Schuyl. Nav. (common)* 50 1,908,207 annually A.179 70 Oct. '80 3 Republican Valley......100 1,968,274 853,000 quarterly Feb. '80 2 (pref.). 50 28$8,977 annually A.'9 140c 4,997,600 J. & J. July 173 3 Rensselaer & Saratoga 100 6,000,000 J. & J. July '80 4 492,500 J. & D. Dec. '80 24 Rhode Island & Mass..100 175,575 & - Nov. '79 3 8,000,000 - & - Dec. '80 Richmond & Petersb....100 1,008,600 J. & J. Jan. '81 3 600,000 Sept. Sept.'80 5 Roch. & Genesee Val.*.110) 555,200 J. & J. Jan. '79 S 500,000 M. & N. May '80 24 Rome, Watert. and Ogd 100 2,998,900 J. & J. July '75 3 500,000 J. & J. Jan. 81 3 Rutlanu preferred. . 100 4,168,700 F. & A. Feb. '75 348 St. L, Ali. & T. Haute-100 and Jan. 4,500,000 pref.100 2.463,400 F. & A. Feb. 178 2 600,000 Oct. 179 14 St. L., I. Mt. & South'n. 100 14,248,950 F. & A. Feb. '74 3 10 4.200,000 J. and J Jan. '81 8 St. Paul and Sioux City.100 4,600,000 Georgia Hannibal & St. Jo. pref..100 5,183,024 F. & A. Feb. '81 3 pref. 100 4,600,000 Feb. '80 14 Harrisburg & Lancaster 50 1,182,500 J. & J. July 30 31 Salem and Lowell.......100 2,433 ehs M. & S. Sep.'78 50c ....100 1,180,000 quarterly Oct. '80 2 Schuylkill Valley 576,050 J. & J.July '80 2 Bionic, pref.. 100 29,000,000 M. & 8 Sept. 50 3 Seaboard and Roanoke-100 1,151,400 M. & N. Nov.'86 4 inois Central. Iowa Falls& Bioux City*100 4,025,000 quarterly Dec. '80 1 Shamokin V. & Pottsv.* 50 869,450 F. & A. Aug.'80 3 Lowa Railroad Land Co 100 7,620,000 quarterly Nov. 80 1 Shore Line 995,800 J. & J. July '80 4 0,00 quarters May 180 2 Bioux C. & Pacific pref..]Co 169,000 A. & O. Oct. 80 3 lo. Bo. & Mo. Northern. 25 970.000 quarterly May '80 13 South Branch (N. J.)*--100 438,300 J. & J. July '79 3 Joliet and Uhicago 100 1 quart rly June'80 11 South Western, (Ga.)-100 3,892,300 J. & D. Jure'79 3 Jeffersony., Mad. & Ind. 100 Ken. City, Top. & West.100 2,200,000 quarterly May '80 1 Stockbridge and Pits. 130 448,700 J. & J. July 79 3 Kentucky Central......1.0 4,500,000 J. & D. Dec. '80Summit Branch... 50 4,125,000 F. & A. Feb.'76 3 46 pref. 1:0 50 000 J. & D. Dec. 0 8 Syr., Bingham. & N.Y.*100 2,004,000 J. & D. Feb. '80 2 Choro & Mish. 9o..100 49,466,600 F. & A. Feb. '81 4 Terre Hauto & Ir diana 100 1,988,150 F. & A. Aug.'80 4 633,500 F. & A. Feb. '81 5 Troy and Boston........ ..10c 1,609,000 F. & A. Feb. '80 2 450,000 quarterl; Oct. 280 2 Union Pacific .....100 36,745,000 quarterly Jan. '81 1 27.332.566 quarterly Jan. '81 1 United Ccs. of N. J*.. ...100 20,490,400 quarterly Oct. 180 21 pref. 50 106,300 quarterly Jan. '81 2 Utica, Jhenango & 3. V.100 4,000,000 M. & N. May '80 3 60 5,871,450 quarterly Dec. 80 2 Utica and Black River..100 1,688,000 J. & J. Mar. '79 2

Jan. '1 550,000 M. & N. Nov. 801 102.540 Oct. '75 797,320 & 282,555 &206,054 July 79 475,000 J. & J. July '80 200,000 J & J. Juty 284,775 J. & J. Jan. '78 200,000 quarterly Apl '783 750,000 A. & Apl. 9 1,199,500 J.A. J.O. Apl. 785 962,100 quarterly Jan. '79 500,000 J. & J. Jan. 178 750,000 M. & N. Nov. '7 113,000 M. & N. Nov. '80 00,000 J. & J. Jan '1 2,000,000 F.M.A.Nov. 80 1,000,000 J. & J. J ly. 600,000 J, &. Jan. '79374,800 J. & J. Jan. '80 & 400,000 J. & J. July '80 400,000 J. & J. July '77

Adams Express-100 12,000,000 quarterly Dec. 805
American Express... 50 18,000,000 J. & J. Jan. '1
Amoskeag Manuf. Co..100 3 000 000 J. & D. June'tv
Calumet and Hecla Mining. 100,000 8. F.M.A.N Nov.'50 $
Central Mining Co......100
Annual. Feb '80 $
Consolidation(Md.) Coal.100 10,250,000 M. & 8. Jan. 7
George's Creek C & I..100
J. & J. Aug.'60 S
Gold and Stock Tel....100 2 500 000 quarterly et. '79 1
Maryland Coal..100 4.400,000 F. & A. Feb. '76 1
Mariposa Gold.... -----100 2,836,600
pref.100 8,693,400
Missouri Val. Land Co..100 200,000 M. & 8. Jan. '81 5
Moingona Coal Co... 100 305,200 quarterly Mar. '80%
National Tube Works--100 1000 000 quarterly Oct. 808
Pacile Mail Steamship-100 20,000,000 M.J. 8.D. Sept. 69 3
Pennsylvania Coal 50 4,000,000 F.M.A.N(Nov.80 3
Pullma Palace Car100 5,990.200 F.M.A.N Nov. 80 2
Quicksilver, commea --100 5,708.705

preferred 100 4,291,800
Quincy Mining Co...... 25 40,000 shs Annual. Feb. '83
Quincy R. P. Bridgo....100 1,750,000 J. & J. July 28)
Sioux C. &I.F. L. & L. Co. 100 500,000 J. & J. Jan. '81 2
Spring Mountain Coal.. 50 1,250,000 J. & D. Dec. 80
Topeka Equipment Co..100 255,000 A. & O. Oct. '80 5
United States Express..100 7,000,000 F.M A.N Nov.'50 1
Wells Fargo & Co. Exp 100 5,000,000 J. & J. Tuly 04

tle Schuylkill (2,648,100) J. & J. July 10 Vormont and Alas100 3,050,000! A.&O. Oct. '80 3 "West. Union Telegraph.100 $1,050,000 quarterly Jan. '81 1

tal of Dec. 11b:

OFFICES OF

MAY & KING, No. 33 Broad-st.
JAMESON, SMITH & COTTING, No. 12 Wall-st.
SCOTT & LEAVITT, No. 24 Broad-st.

The Erie Railway and McHenry Case. entitle him to any commission. Anything like
The recent decision in London in the Erie Rail-the bric ging out of a loan was always a matter of
way and McHenry case is of great interest to special arrangement, and of that there was no
trace to be found. This disposed of the mair
railroad men and negotiators, having important
question of commission.
bearings upon the question and nature of com-
With regard to the claim for commission in
mission and agency and the relations between respect of an indemnity which he gave to the
negotiator and principals. We give many of the Credit Foncier, his Lordship was not aware o
important facts in the case and points in the de-acy law or practice according to which a mar
cision, as published in Herapath's Railway Jour-antee; and there was no evidence that there was This Company is building, and will have in readi-
any trade or business of giving guarantees for ness for the coming Summer season, a large fleet of
which any commission was charged. But the Iron Steam-boats, especially adapted for the require-
money to free which from an attachment be gavements of passengers; of great speed, constructed in
the most substantial manner, non-combustible, and
the guarantee was really the money of his owt with numerous water-tight compartments, which will
Company, the Atlantic and Great Western-in render them incapable of sinking. Contrasted with
other words, bis own money, which he wanted to the ordinary wooden steam-boats, they cannot fail to
set free,
command, at highly remunerative rates, the patron-
On the whole, bis Lordship was of opinion that age of the great majority of the traveling public.
the Court could not dissent from the opinion of
the official referee, which had been subsequently
affirmed by the Master of the Rolls. Lord Jus-
tice Cotton and Justice Lush delivered judgments

WE ARE AUTHORIZED TO RECEIVE SUB-
ceeding $2,000,000) of the capital stock of the
Iron Steamboat Company,

SCRIPTIONS for a limited amount (not ex-

was entitled to a remuneration for giving a guar-in shares of one hundred dollars each.

This appeal case has been decided during the
work. The Master of the Rolls gave judgment
a23nst Mr. M'Henry, and in favor of the claims
i Mr. Jewett as receiver of the Erie Railway,
ad this judgment has been confirmed by the
Court of Appeal. The claim against Mr. M'Henry
is stated to amount on the balance to about
£400,000. He appealed against the decision of
the Master of the Rols. On the 6th iost. Lord
Jestice James delivered judgment in the appeal
case, and said he was of opinion that the appeal
ceght to be dismissed.

to the same effect.

The Company has entered into contracts extending
over a term of years, under which it has acquired the
exclusive right to convey passengers from New York
and its vicinity to the Iron Pier at Coney Island, and
a similar exclusive right to convey passengers to Co-
ney Island in connection with one of the leading
railroads to that place. In view of the vast number

Brown, Brothers & Co., of people who visit this famous Summer resort, it is

NO. 59 WALL ST., N. Y.,

BUY AND SELL

BILLS OF EXCHANGE
ON GREAT BRITAIN AND IRELAND, FRANCE,
GERMANY, BELGIUM AND HOLLAND.

Issue Commercial and Travelers' Credits

IN STERLING,

The first question, he said, was as to the lia-
bility of the Erie Company to make good the
lesses which M'Henry had sustained in relation
to the purebase of shares in the Cleveland, Co
lambos, Cincinnati, and Indianapelis Railway
Company. His Lordship was of opinion that the
defendant bad totally failed to show any ground
whatever in point of law for imposing any such
liability on the Erie Company. In the first place,
it must be assured, iu the absence of any evi
dence to the contrary, that the law with regard
to such a body as a railway company was the
same in New York as in this country, and that a
ecapany incorporated for the purpose of making
a particular railway were not authorized or em-
powered to take sbares in another railway con-
structed at some distance from, bat immediately
connected with, their owe railway. If the Erie
Company had even authorized this to be done Between this and other countries, through London
ader their own seal, it would have been ultra
vires. There was, moreover, some evidence to
show that the company had no such power. But,
independently of this, it appeared to bis Lord-
hip, in point of fact, that there was nothing like
any authorization or adoption of these transac-
tions by the Erie Company.

AVAILABLE IN ANY PART OF THE WORLD.
And in Francs, in Martinique and Guadaloupe.
MAKE TELEGRAPHIC TRANSFERS OF

MONEY

and Paris.

Make Collections of Drafts drawn abroad on all points
in the United States and Canada, and of
Drafts drawn in the United States
on Foreign Countries.

M'Henry was not the agent or servant of that
company; he was the great speculator. The
Erie Company were not his masters; they were
enly one of the pawns which he was moving on
bis great chessboard. He was really the pro-
prietor of the Atlantic and Great Western Rail-
way, and it was very important to him to get a
lease taken of that line by the Erie Company in
order to make it a valuable instead of a compara-
isely valueless line. The Board of the Erie all markets. Correspondence solicited.
Company said that it was not worth their while
to take a lease of the Atlantic ard Great Western
Line unless they could get the Cleveland line
with it.

Paine & Webber,

BANKERS AND BROKERS,
(Members of the Boston Stock Exchange.)
48 Congress St., Boston.
Transact a general Banking business.

evident that a line of steam-boats possessing these
exclusive privileges, constructed in such manner as
to command the highest degree of public confidence,
and furnished in response to an urgent public de-
mand, must at once prove very profitable.

The contracts already entered into will insure to
this company from the outset a business limited only
by its capacity, and arrangements are in course of
completion with the Erie and Pennsylvania Railroad
Companies under which it will acquire, in additi n, a
large and profitable excursion business. The Compa-
ny will extend its operations as rapidly as exclusive
and profitable connections can be consummated.

During the Winter months it is the intention of the
Company to utilize its boats in Southern waters, so
far as they can be profitably employed.

The Company is organized under the Laws of New
Jersey, and subscribers to the stock will incur no lia-
bility beyond the obligation to pay the amount of
their subscriptions.

We recommend this investment as one promising
large returns, and well worthy the attention and
confidence of the most careful investors.

Each subscriber will receive for every $1,000 of
stock allotted and paid for First Mortgage Bonds of
the Company (bearing interest at 6 por cent) to the
amount of $250.

The terms of the subscription are as follows:
Ten per cent. on allotment,

Ten per cent. Feb. 2, 1881,
Ten per cent. March 2, 1881,
Ten per cent. April 2, 1881,
Ten per cent. May 2, 1881,

and the remainder in installments of not exceeding
10 per cent. on 20 days' notice previously given. Re-
ceipts will be given for each payment, and the Bonds

Buy and sell Stocks and Bonds on commission in and Certificates of stock will be issued upon the pay-

M'Heory was really not acting as an agent of John H. Davis & Co.,

the Erie Company; he was a great person who
was dealing with them. He was a principal.
But it was quite consistent with this that he should
in the course of the transactions procure money
for them, and to that extent be their agent, and
be liable to account to them

When did he change his position of a princi-
pal for that of a financial agent of the Company?
He himselt, in bia correspondence, decided that
he was in any sense a paid servant or agert of
the Company. No person in the world had a
greater interest in the Erie Company at the time
when the transactions took place, for, if their
credit failed, what would have been the value of
a lease taken by them? This seemed to account
fut everything which M'Henry did. There was
to express bargain that be should receive any
commission, any salary or remuneration for what
be was doing.

From what was a bargain for commission to be
implied? M'Heary had entirely failed to show
that be bad ever filled a character which could

Bankers and Brokers,

17 Wall St., New York.

Interest allowed on Temporary and Standing

Deposits.

Stocks and Bonds bought and sold on Commissio
only, either on Margin or for Investment.

Sheldon & Wadsworth,

BANKERS,

10 WALL STREET, N. Y.

IN ADDITION TO A GENERAL BANKING
BUSINESS, BUY AND SELL ON COMMISSION
GOVERNMENT BONDS AND ALL SECURITIES
CURRENT AT THE NEW YORK STOCK EX.
CHANGE, MAKING LIBERAL ADVANCES ON
SAME. ALLOW INTEREST ON DEPOSITS.
WM. B. WADSWORTH.
WM. C. SHELDON.
GEO. R. SHELDON.

ment of the final installment.

Subscriptions will be received at the offices of either
of the undersigned from Dec. 28 inst. until Jan. 12,
1881.

MAY & KING, No. 33 Broad st.

JAMESON, SMITH & COTTING, No. 12 Wall-st.
SCOTT & LEAVITT, No. 24 Broad-st.
NEW-YORK, Dec. 22, 1880.

The undersigned, who are stockholders in and Di-
rectors of the Iron Steam-boat Company, fully con-
cur in the above statement, and cordially recommend
this stock to persons seeking a safe and profitable in-

vestment:

GEO. S. SCOTT, of Scott & Leavitt.
LEWIS MAY, of May & King.

JAMES D. SMITH, of Jameson, Smith & Cotting.
C. J. OSBORN, of C. J. Osborn & Co.

WM. J. HUTCHINSON, of Kennedy, Hutchinson
& Co.

JOHN ROACH, of John Roach & Son.
C. E. QUINCEY, of Wm. Heath & Co.
W. E. CONNOR.

SAMUEL CARPENTER, of Pennsylvania R. R.
RUFUS HATCH

HANNIBAL AND ST. JOSEPH RAILROAD COMPANY,
No. 78 BROADWAY, NEW YORK, Dec. 28, 1880.

HE DIRECTORS OF THIS COMPANY HAVE

of

ONE-HALF PER CENT upon its preferred stock,

SWIFT'S IRON AND STEEL WORKS

26 West Third St., CINCINNATI, O.,

payable TUESDAY, Feb. 1, 1881, at this office. The Manufacturers of all Weights of Standard and Narrow-Gauge Rails by most Approve

transfer-books of the preferred stock will be closed at

3 o'clock P. M. on Jan. 10, and reopen Feb. 3, 1881.

JOHN A. HILTON, Secretary.

Holders presenting ten or more coupons will leave

Process. Also Rail Fastenings, Ateel and Bloom Boiler Plate,
Tank, Sheet and Bar Iron.

WM. A. COLE & CO.,
PRESSERS OF OILS,

AND

them for examination, in which case a receipt will DEALERS IN STEARINE, GREASE,

be given and payment made on the following day.

C. P. HUNTINGTON, Vice-President.

THE LAKE SHORE AND MICHIGAN SOUTHERN
RAILWAY COMPANY,

TREASURER'S OFFICE, GRAND CENTRAL DEPOT,
NEW YORK, Dec. 21, 1880.

HE BOARD OF DIRECTORS OF THIS COM-

FOUR PER CENT upon its capital stock, payable on
the FIRST day of FEBRUARY next at this office.

The Transfer Books will be closed at 3 o'clock p. m.
on THURSDAY, the 30th inst., and will be reopened
on the morning of Saturday, the 5th day of February
next.
E. D. WORCESTER, Treasurer.

HANNIBAL AND ST. JOSEPH RAILROAD COMPANY

W. A. COLE,
S. E. HISCOX,
E. T. BELL

&c

387, 389 & 391 WEST 12TH STREET.
BRANCH OFFICE, 41 BROAD ST.,
NEW YORK.

A. G. DAY,

MANUFACTURER OF

Kerite Insulated Telegraph Wire and Cables

Of all kinds made to order, for Ocean, River, Aerial and Subterranean Lines.

78 BROADWAY, NEW YORK, Dec. 28, 1880.
YOUPONS DUE JANUARY 1, 1881, ON $3,000,-
000 of Missouri State 6 per cent bonds, known as and Moisture, and the corrosive agents either in Earth, Air or Water.
The Kerite covering of these Conductors unlike any other, resists effectually the destructive action of Hea
"The Hannibal and St. Joseph Issue," and $1,200,-
Special orders should state whether the Cable is to be exposed to Earth, Air or Water.
000 bonds of the Hannibal and St. Joseph Railroad
(Cameron Branch), will be paid on and after the 3d FACTORY-SEYMOUR, CONN.
Office, 120 Broadway, New York.
day of January, 1881, at the Bank of North America,
C. B. HOTCHKISS, General Agent.
No. 44 Wall-st., New York.

JOHN A. HILTON, Secretary.

BOSTON, HOOSAC TUNNEL & WESTERN Ry.
PULLMAN LINE between BOSTON and the WEST.

Office and Works, 9th st. above Master, Philadelphia.
Warerooms, 50 and 52 So. 4th et, above Chestnut, Phila
New York Store, 91 Liberty st.

Pittsburg Store, 272 Liberty St., (under 7th Av. Hotel
Scales for Railroads, Elevators and Wharves
Scales for Furnaces, Rolling Mills, Mines, etc.
Testing Machines adopted by U. s. Governmen
Trucks for Depots Warehouses, etc.

Geo. V. Halliday & 610 North 4th St., St. Louis, Mo.
Co., Agents, 3 New Orleans, La.

During the Centennial Season-six months, closing November 10, 1876-the Erie Railway carried almos
3,000,000 passengers, without a single accident to life or limb, or the loss of a piece of baggage.

And for a whole year, the official records of the United States Post-Office Department show the arrivals
of Erie Railway trains in New York, on time, to be from 15 to 27 per cent. ahead of competing lines.
Facts well worthy the consideration of travelers.
E. S. BOWEN,

MANUFACTURERS of Engineering and Telegraphic

Instruments. 716 Chestnut St.. Phila. (Two medals
awarded by Franklin Institute, and one by Centennial.

NO. 45 MAIDEN LANE,
Stationers, Printers, and Manufacturers of
Patent Spring-Back Account Books,
All kinds of first-class Stationery, Writing Paper,
Desk Portfolios, Scrap-Books, Expense-Books,
Diaries, Pocket Cutlery, Cards, Choss-
men, Wallets, etc., etc.

We keep everything in our line and sell at lowest
prices. Orders solicited. CYRUS H. LOUTREL.