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Totl.297,707 38 403,712 991,043,577 40 1,296,604 73 1,753,936 35 As the fiscal year commences October 1, the first three months in each year in the above statement belong to the previous calendar month. The estimated business of the year 1855 is in Gross $2,200,000 1,300,000 Expenses Balance $900,000 $632,000 Interest Appropriations to Sink. Fund 37,591 667,591 $232,409 Net or about 6 P cent. on the amount of stock issued, which is $3,759,000. The capital under the charter is $4,000,000. The new Bonds are not to be issued beyond the amount necessary to pay the floating debt until the Board has made provision for & sinking fund of not less than 1 P cent. annually upon the capital of the Company, to be invested in the second or third mortgage Bonds of the Company. The accept. ances of the Company will be received in payment of these Bonds. The Circular of the Company states that the income of the Road thus far has not been sufficient to pay the running expenses and interest, but the Directors bok hopefully to the future. The Finance Committee of the Erie Railroad was in session to-day, but we did not learn the result of their discussions. The Board, we understand, has before it several propositions for arranging its finances. One is to obtain authority from the Legislature, in January, to issue 8 ten P cent. preferred stock to the amount of four millions of dollars for the payment of the floating debt and the Income Bonds. This stock, it is believed, would be taken at par. The preference to cease when the regular dividends on the old stock reached ten P cent. also. The estimate of this arrangement is that if the income of the read in 1855 is, as anticipated, six millions of dollars, and the working expenses are 10 P cent., the net income would be sufficient to pay interest on bonds, dividends on the preferred stock, and six P cent. on the old stock. The telegraph reports that the run on the Cincinnati bankers has ceased without further failures. The failures which had taken place were Mr. P. B. Manchester, Mr. Sanford, President of the Kentucky Trust Co. Bank, and Messrs. Outcall & Co. The Gazette of the 19th says: This has been 8 day of unusual excitement in Thirdst. In the morning, P. B. Manchester, private banker, corner of Third and Sycamore, closed his doors. This caused considerable talk, but the number of depositors in that institution be. ing small, and the event being looked for by parties acquainted with financial matters, it did not cause much excitement. We know nothing 88 to the liabilities or assets of Mr. Manchester, but the gentleman bimgelf says he will be able to pay all his debts. Almost simultaneously with this occurrence, the report of the suspension of the Kentucky Trust Co. Bank, of Covington, was received, and about noon it was well understood that the Bank bad failed, and failed badly. This increased the excite. ment, and a run was at once made upon the Ohio Savings Bank, corner of Fourth and Walnut, owned by Mr. Sanford, who is also President of the Kentucky Trust Co. Bank, and principal proprietor of the Connersville Bank, one of the Indiana Free Banks About 1 o'clock the doors of the Bank were closed. From the fact that Sanford is a man of means, and sustains a high character for honesty, integrity and business capacity, depositors feel no uneasiness. By 2 o'clock, the excitement had spread pretty generally through the city, and before the hour for closing the Banks had arrived, a large number of people had collected on Thirdst. between Main and Walnut, and 8 run was commenced on Ellis & Sturges, and the checking on one or two of the other heavy Deposit Banks was pretty strong, but the whole did not amount to a great deal. With reference to the Kentucky Trust Company Bank, the circulation is said to be nine hundred thousand dollars. This Bank was started with & large nominal, but & small real capital, and during the first period of its existence it was badly, very badly managed. Mr. Sanford made an assignment of all his property this afternoon, and this will be more than sufficient to pay all his creditors. The notes of the Indiana Free Banks, with two or three exceptions, are not available either in Bank or trade. Some fifteen are purchased at Sto5 P cent. discount, and for the remainder there is no sale. The earnings of the Chicago and Rock Island Railroad for September. 1854. were:
