--.x.-.au--».- _..._.._.. ...._. ..

.' AME'i¢IUAN  JOURNAL-"t

327

,,(f,heInpo_nko and Delaware Canal.

The ltlhesiapeake and Delaware Canal ‘Company,
which line suffered so severely by heavy rains. in
August last asto require $92,103 for repairs,_ de
clares no dividend for the yearpending June 4, 1874.
It will be recollected that the great reservoirs of
the canal were broken‘ by the flood, as well has the
tow-path, basin and guards, and some 35 or 40
barges swept into the niead'ows near St. George's.
The repairs -were made and operations resumed
27th of September. The revenue for tolls was
$278,600 70, Which, with other receipts for the
year, including a balance ofv$l56,099 56, aggregat-
ed $441,905 53. The expenditures were $363,875
87, leaving abalance, after deducting -five months’
accrued interest, of $28,188,08. The amount of
capital s'ock now_ outstanding is $1,881,050. The
amount of funded debt is $1,993,683 12. The ca-
nal is now in better condition than before the
break. The president is Andrew 0. Gray, and the
secretary, Henry V. Lesley.

Ashtabula, Youngstown and Pittsbtu-g Rail-
road.

At the annual meeting of the Ashtabula,
Youngstown and Pittsburgh Railroad 00., held at
Ashtabula, Ohio, on the 3d inst., the following
persons were elected Directors: H. Hubbard,
Amos Fiske and H. L. Morrison, of Ashtabula, F.
Harrington, of Rock Creek; Warren Packard, of
Warren}, E. F. Smith, of Cleveland; Caleb B.
Vick, of Youngstown, and Wm. P. Shinn, Wm.
Thaw, T. D. Messier, W. H‘ Barnes, Wm. Har
baugh, and Wm. McCreery, of Pittsburgh. 0_n the
36th inst. the newly elected directors met at the
oflice of the Pennsylvania Company and organized
by the election of Wm. P. Shinn as President, and
James R.‘Sh‘aler, Secretary ‘and "Treasurer. A. F_
Hubbard was chosen " Assistant Treasurer in
chargeiof the wgeneralv ofiice ‘of the ‘Company " at
Asht,a;bnla.' Previous to the meeting‘ a visit had
been pai8d“Ashtab'ul'a‘ by vol.‘ Th‘os.'A. scttl, G-. R,
Roberts and {EL -A.‘John'ston of» the Pennsylvania
Railrogldillompany,‘_ajccompani_ed by Messrs. Wm.
Thaw", J. N. McCullough.-. and J. D.,Layng, and
msds.‘a.9n:9ts.1; is:§p¢9Fi.9s.. 0*’ tbs; .-ha-I'1.>°?: _..‘3*.'*3.f-it
satisfaction was expressed at the prospects of the
new. road.“ - ‘ - .

I?" .,V!T,9,hav__e_,much'pleasure inrecording the
!a'ctpt,l;j,i,l;;  Fislr. & Hatch has issued a
circulaifannouncing that it is prepared to pay its
creditors in full, with_inter_es.t. This highly re-
spectable flrm sufl‘elje,d‘"in the panic of last‘ year,
through no fault of its own, audit is a l-nlsslt satis
factory siguof; the improved state of business that
it is now able to meet all its obligations. The
enterprisecand honor of the house will commend

it _fa,vo,‘rfsbly,‘to allijiits old patrons," and twehnpe to 

maiiy ne§v"fones;-—N. Y. Times.

@"It is lannoullced that lhe Louisville and
Na§hyille,,R,ailrua,d.Conipiany lnive eifeclell a sale
a5‘r‘6£d"'¢i"Z£400;iioo sixnper cent bonds at a pile?
satisfactory-to the company. »‘l‘llc- bonds negoti-
ategrglggntipfirst ulol;tgTa°-fie on the _S-gull. and North
Al‘ahan'faLRailro,ad',"endorsrd and gu’arallt.eed by
the mother road’. K ’

 iTheV'Il_ling_is,_ Slipliellie,  ’ has, decided
that-.lhs. ;1.«gllI;vI§.f” §1[§36,¥la.l>_mYli.ich it was l*l‘<,>’,r.>.<)sn'.1 to
make the State responsible lorall railroad aid
bonds issued -.b,y,cities,,towus and counties, is un-
constltu'tion’al’.* - « « '

elected at the annual meeting in Pitt sburg on the

Pennsylvania Compiiny . 
~ The oflicers’ of the Pennsylvania. Company’

15th inst, are : Pl'8Sl(‘lei.h, Thomas A. Scott; Eirst;
ViceiPresidén't and General Manager, ‘J. N. ‘Mo-_
Cullough; Second Vice President, Wrii."’Thpal3v”;“
rm-1 Vice President, H. J. Jewelzt“; "seé‘e:-,is‘?y-
and Treasurer, W. H. Barnes. By reference to
the statement of the President, in another column,
it will be seen that the aggreg’a‘te,g‘ross e’arn_io“gs
of all the roads operated by this company-ildiirivlig
the year ending December 31,1873“,’V:were‘"$ll5,5’:
434,151; the aggregate expenses, $9,915,980 85,
and the agglegate net’ earnings‘, j$6,618,17O 15.
From whichdeduct the aggregate amount of rent
and interest paid, $5,086,581 lO—leaving‘"'as not
profit the sum of 81,431,589 05.‘ ‘

@’ The coal tonnage of, the Chesapeake and
Ohio Canal"l"or‘AMay, 1874,Vwas‘ 114,566 tons, an
increaiseof 8,905 tons over May, 1873." The gross
rev°en"ue"was “$6:9,'4‘5‘4,“ an “i‘ncre’ase: of ‘$6,741 over"
May, 1873. The. balance, after’ paying ‘May ex~
penses, is set down at $84,349. Out of this large
balance the directors have appropriated $50,988
to pay the June’,18'60, "coupon on the preferred
constru_ction bonds of the canal. and given notice
that thesamle will be paid‘ onandi after the“30th
inst.,' at the banking house of Alex. Brown c&
Sons, Baltimore,'Md. ,

4223? At ii.'meéting"ot‘ thejbondholdél-;s’* of the
Selma, Marion and Memphis Railroad in this city
on the 20th: ins't'., it was resolved" th'at‘the“‘old
bonds be surrendered and new ones issued. This,
together with the subscriptions promised from
Shelby county and other districts, is expected to
enable the directors to complete the road and
make it a. paying concern. A committee was also
appointed to notify the bondholders of the deter-

mination arrived at, and to obtain their consent
to the arrangement.

ii? The Midland (C‘a.) Railway Company
have completed the change of their gauge from 5

ft. 6 in. to 4 ft. 8} inches. It is now of uniform
gauge with the Grand Trunk. ,

')MMEROIAL WAREHOUSE CO.-CASH CAPI-
' tal, $2,000,000—-Oflice, 29 William street, corner Ex-
change placc ;Warchol1scs, Atlantic Dock, Brooklyn. Cash
advances made on first class securities on demand and
time. Gash advances made on all kinds of merchandise
stored in our own warehouses or consigned to us on favor-
able terms.
‘PAUL J. ARMOUR, President.
JOSE 'F.7"NAVAR"RO,' ‘Vice’ President.
JO’H.N,BAI,R.D, Second Vice .1’rt-sirlent. . .,
 FELICIANO LATASA, Tliird'Vicc P'l-csiderlt.
Paul J. Armolir,.'," Wni. 1). J3 wermml,’ 0. H. Delanlater,
Jose F. Navarro, Feliciano Latasa,’ Juan J. J ova
John Baird.. .. -. .’l,‘.l1o,mas Murphy,‘ ., Henry B. Iizyde
VV-ILLIAM.T.OBIN, Sup’t of‘\Varel1ou‘ses.. .

, JAMES CLYNE, Secretary.

rte Americsn%-’¢- wool-cartollzlng A’ no.

ls organized fointhe purpose of Creosoting Timber for
Docks, 1}..,R. Ties, Fence-Posts, Pavemcuts, and all other

:u.ses;where Timbe1' is exposed to the action of water or air.

This 'Coliipa’.’l'ly7 also pr9p,osé_s to License B. R. Companies
and others who desire to erect their o'wn‘a.pparatus. V
. Dlpwings and ‘specifications of apparatus, either station-
ary or portable, will'”be furnished" on application.
l . 67,112IfllleS;0fRflllI‘0fid in the Unitecl Statesilse, annually
over twenty-six million Ties for renewing those destroyed‘
by decay:”"

..The preservation _of_ wood from decay and the attacks of
'nlarii'lo"-1'vorntis,‘lias' been largely practiced in Europe for
thirty years; and.wit,h such success that the use, of natural

.wood is now the exception; andof all the various methods i

that have been employed, that"in which creosoteoil was
11S.9‘l{.113S.b9$1i9!l§l111',9‘1 tlle.~te.B.t of time .. .- .

This Company, benefiting-‘by the ‘thirty years’ practical
experieilceiin the ,}ie_o_ot‘, creosote oil abroad, offer to thc
publlca system of application which is adapted to the
Wallis of our own country, in that green wood can be rapid-
ly‘ and thoroughly treated, even better than'dry, nnd'tl1e-
application of the oil,in connection with the use of modcr
ate best, be 0 made more uniform’ and effective than is pos-
sible by any other means.

Experience has demonstrated that creosote or dead oil is
the only substance by which Wood can be treated so as to
certainly resist the attacks of i'tl:'1l'_l)Je worms.

Gl-cosotcdylrood exposed in Cllarleston Harbor was not
attacked by the _terédo,'while natural wood attached to it
was completely honey-combed.

It is confidently asserted that Railroad Ties crcosotcd
will outlast three sets of ordinary Ties, and that creosoted
Paving Blocks bein beyond the reach of decay, will last
as long as stone, wit all the advantages of an elastic road-
way, beauty and economy of construction. ‘ ,

A The economy ill the use of crcosoted ‘wood, where the
term of service is trcbled, is measured ‘by adding to the
wood used, the cost of the labor explendedjili constl'uctioll,
and the ‘loss of time spent in'rcplacing' the stlucturc, when
eitllerfdccay or attacksof marine Worms dcstrov it.

The "system of Seely and Pelton,‘ employed by this
Company, has been“ ful y examined and indorsed by Gen.
McClellan, Gen. Barnes, Gen. Babcock, Rob’t Harris U.
B. 65 Q.;_-R. R.. Prof. Sillimarl, Capt. Ends, Gen. Cram, den.
Humphreys, Gen. Meigs, Geu.j Belknap, Prof. Chandler
Gen. Gilmore, Gen. New-ton, A, B. Mullet, C, H. tlaswcll
— It has been used by the U. S. Government upon the
Dykes of the St. Clair Flats, and upon Gun Platforms for
the fortifications on the Atlantic coast ; upon pavclnerits
in New York and Pittsburgh.b' the De arlment of Docks
of the’ City of. New York and t e Boar of Public Works

of the District of Columbia.

’ Detailed information can -he obtained and specimens of
creosoted Wood examined at‘ the ‘office of the ‘Company.
T RU" S T E E S.

GEO. W. CASS, THOS. A. SCOTT,“-_"i..3.';.-.‘§
M. Y. TILDEN RUSSELL. SAGE, gsgg

LLOYD A,Sl’IDlWALL, H. A. 'I‘[LDEN' _
M.‘ .» SEWELL  WM.';F. DRAKE, 
AUSTIN'BALDW1’N," WM. ORTON, ' 1
W. T. PELTON F. E. woonnmnen.

J _ Vice-Prest. A _ President‘.
59‘*Lil)"erty,’St';. Néwvorli‘;

l

, lunuus, nnos-.,

5350 North Ninth St., Philadelphia,

* New York Store, 93'_Libe1-ty Street,
Plttsburg StoI"c,, 285 Libeiftjr St.
LATEST‘ IMPROVED STANDARD.

 

(.)ur Patented Double Beam Iron Lever Rail Road Track
Scale acknowledged the BEST.’ . .
MAKER" of the NEW TESTING MACHINE.

 

  CONSOLIDATION COAL co.

or = MARYLAND,

t3fféf0ti1§if'8 8" .. . . . .
pu“rpos‘e‘s,‘ *de1ivere'd";'at, ,GEOB‘IGETO..VVN,

Coal, _unsurpalsscd_by any i114.tl1‘e--country
, _ _ p p : BALTIMORE,
SOUTfl.,_ , MZBOY an¢1T’Y,QRK, by the cargo.

 Shippers of the Paxndus 5

,-  'IlHE.IR"’MIN'ES‘ IN7  GEORGES CREEK REGION,

for Steam Generating and Manufacturing

PHILADELPHIA,

Oifiifce, ,7sil"B7troac|way, New 

c...- c.\: '