New York Daily Herald from New York, New York • 8

r. 8 FIN1ML AND COMMERCIAL. A Farther Decline in the Bates for Money. THE LAST QUOTATION 3 A 4 PES CENT i Good Bank Statrmcnt, with a Gain in Surplus Restrre. AH "INCREASE" IN EVERY ITEM.

Adranpo In Pnneolc ond rriao in ilin Jtuvuutv Mi VWUOUIO UflU JJiltO til I 111 London Market. SOLD QUIET AND FIRMER. JL Heavier Line of Merchandise Imports aud Specie Exports for the Week than Expected. TTftE LAKE SHORE DIVIDEND. IDtoeks Dull, with a Closing Decline in Prices.

"BREAK" IN H. AND E. SHARES. Wall Street, Saturday, Jan. P.

On 'Change to-day cotton was quiet for "spot" and in moderate demand for but at l-10e. a 3-i6c. per lb. easier rates. Flour was more active and firmer.

White wheat and corn were quiet, but also firm. THE IMPORTS OF THE WEEK. The total Imports of foreign merchandise at this port during the past week were $0,280,004, made up of $1,409,643 of dry goods and $4,787,261 of general merchandise. THE COTTON MOVEMENT. The receipts of cotton at all the ports for the past week were 104,703 bales, against 103,443 bales the previous week.

The total receipts since September 1, 1872, are 1,734,210 bales, against 1,486,412 bales lor the same period of last year, showing an increase in TI1E PRESENT CROP Of 247,807 bales. The exports from all the ports foi tbe week were 71,003 bales, against 46,922 bales last year. The total exports for the expired portion oi the cotton year are 902,482 beles, against 737,912 bales last year. The stock at all the ports Is 484,972 bales, against 600,180 bales for same date In THE FOREIGN MARKET. The London quotations show steadiness In United States bonds at the recent advance, and an Improvement of a per cent in consols for the account, the street rate for money on prime collaterals being quoted at a 4 per cent against the bank's minimum of 6 per cent, which it is Inferred will be lowered at the next meeting ol the directors.

Erie opened at a jump to but rececded to the latter being equivalent to in this market. The failure of a London fTrm doing business In Manchester goods Is reported by the cable, the liabilities being variously reported at a million to a million and a half sterling. MONEY EASIER. The money market was easier even for a on wnich day, by some curious law of oui local finances, the supply is usually more abundant than on other days of the week. The rst dealings on call were at 1-32, and an occaslonu borrower paid as high as 1-16, with, possibly, 7 pel cent besides; but as the day wore the offerings exceeded tho demand, and by three o'clock the quotation closed as talrly as could be at 3 a 4 per cent As on Friday, the relaxation was still regarded Willi suspicion, oui lue lain was imnspiiiuuie ami Inobvlablc that were able to make uf their bank accounts on quite cheap terms, although It is hardly probable that the rate would lallen below 7 per cent had they all waltec until a quarter of three o'clock.

Commercla paper was nominally quoted 10 a 12 per cent dis count. Foreign exchange was unchanged. THE BANK STATEMENT. The bank Btatemcnt Is qnite favorable, and tin week's resnlt of the banking movement encourage) the expectation of an easier working of the moue: market. The return of currency to this centre reflected In a small gain in legal tenders, the aver age of which is a rising one, while the nuln payment by the government on acoount of January lnterev have added a further Instalment of two and a qmu ter millions to the item of reserve.

The Htrongc position In which the banks find themselves ha allowed them to extend their loans over three mil lions, which, with the gain In reserve already re ferred to, appears In an Increase of five and a quar ter millions In the deiiosits. The statement com pares with lta predecessor as Dtx. 28. Jan. 4.

Loans $277,720,90) Specie 17,211,800 Circulation 27,573,000 27,613,80 Deposits 198,620,600 208,808,101 Legal tenders 41,119,600 41,165,401 changes being in detail as Increase in loaus Increase in specie Increase in circulation 40,80) Increase in deposits Increase In legal tenders. An analysis of the above figures shows that banks now hold $2,788,026 in excess of the reservi required by gain for the week of $952,275. THE CITY BANK 8TOCXS. The following were the bids for the city bant 154; Merchants', 114; Me chanics', 131; America, 146; l'ticnlx, loo; Mer chants' Exchange, 86; Commerce, Amerl nan Exchange, Hank of the Republic, ills Irving, 122; Nasiau, 101; Corn Exchange, 126; 1 1 Hurl' a 11 chants', 96; Fourth National, 109; Hunkers am Broken' Association, 80; German American, TIIK KAH.ROAI> BONDS. The railroad bonds were quiet, with a flrme tone.

Union Pacific, firsts advanced to 87', am Boston, Hartford and F.rle guaranteed firsts to M. New Jersey Central firsts, new. sold at 10 Stnd Kris seconds at 98. The following were tin t)lds at the call Hew Vork Cen 6's. 1883.

Tol A WabMm 91 New Yutk ('en 8's. 88 Tol A ali equip 83 New York Cen 6's, sub. 87 Tol A Wall eon 87 New York Cen Ui West 2d in, 1893 87 New York Cen 7's, 76.100C Oulncy A Tol 1st. New Vork Gal A Chic 99 Nile 7's, 2d 98 Ualriin A Clue 2d 111.... 98 Hud K7 3d in, '74 99 Clile, I A l'ac 100 Harlem 7's, latin 100 Morris A hsscx 1st AlbASusiil bils 91 13orris A Essex 2d Hich Cen 3'a, 1st Southern 1st in 72 Mich So 7 per ct, 2d 97 Pitts, Ft A Chic lst.x.lttH Mich So A 1 Pitts, Ft A Chic 93 Clev A Tol y9 Clev A Pitta con 94 Clev A Tol new bd? 95 Clear A Pitta 2d iu 99 A old lids U4 Cler A Pitta 3d 97 A A new fcw? Clew A Pitta 1th 111 83 Won A Tol bds 97'" Chl? A All 1st 100 Buir A trie 11.

95 Chic 2k Alt income 95 Ohio A Miss con a 92 A Miss con VCen Pacific gold 99', nhtuA Miss 2d con. Western Pacific Peninsula 1st m. 95 on Pa-rtc St ntl.ouis A Iron Vl 1st VMInn Pacific I TV 79', Mil a st 1st m. 108.S Union Pacific inc Itre 83 Mil A st Paul 1st 7 S-IU. 934' UlifioU Cen 7 per Mil A Hi 7's sold BeliVlo A ill 1 95 Mil A Ht Ut 5, ojq MiiASlI'uul Iowa die" 86 Chic A f.

Mil A Ht 84 uuh. jrw-4 mr mu ihi hi, rtfi Chic i cxten lidi. 91 Juliet A Ilk- kt im Han Hi Jo I IUU Col, Cliic lud ut Han A Jo 0U Tol, A 1) wj Del, Lack A Went lit 911 Boot, II A Brie in Del, Lack A W'citild m. 91 Mult. II A I-, iiuari bl r.711 Tol A Will let 111, el Cell A Mi? lit 7,1 Tol A let in, St div Bur.

A 7 GOVERNMENTS FIRM. The relaxation in the money market, couplet with the firmer tone of the gold premium and tin steadiness of the London led to stronger market for government bonds, the trans subsequent to the noon call being attendee by a rise of a Jk per cent In the iWs, all tlx jssues being quite scarce. The currency sixes wen NEW Y' in steadier. The allowing were the closing quotationsUnited States currency sixes, a do. 1881, registered, a do.

do. coupon, a 11534? do. five-twenties, registered, May and November, bid; do. 1862, coupon, bid; do. 1664, do.

11334 do. 1866, do. dos bid; do. 1867, registered, January atd July, a do. 1868, coupon, a 113; do.

1867, do. a 114; do. 1868, do. a do. ten-forties, registered, 110 a do.

coupon, lie a do. fives of 1881, registered, 111 a 112? do. rln. r.nnnnn. Ill t- a 112.

OOLD A 11174Thc gold market was steady and unchanged during the forenoon, but became firm in the afternoon on the heavier Imports ol the past week, the amount having been largely in excess of expectations, while the relaxation In money naturally encouraged the bullish side of the market. Pnder these circumstances there was an advance ftviu to with the last sales at The Sub-Treasury paid out on account of Interest, and $8,300 on account of redeemed nve-twentlss. The European steamers took out $520,000 sliver and $1,075 gold. The course of the market is shown in the 10 A. 2 P.

10:80 A. 2:37 P. 11 A. Af 2:50 P. 12 3 P.

a p. In the gold loan market the rates ranged from 1 to 7 per cent for carrying. The operations of the Gold Exchange Rank were as Gold cleared $48,450,000 Gold balances 2,271,206 Currency balances 3,323,180 THE SPECIE MOVEMENT. The exports of specie from thia port during the week have been as follows Total for the week $831,010 Same time 1872....... 3,414 Same time 1871 481,007 Same time 1870 482,870 Same time Same time 1868 6,537,394 DIVIDENDS, COUPONS, AC.

The Third Avenue Savings Bank has declared a dividend at the rate of 6 per ceut per auuum, payable to depositors January 20. The directors of the Empire City Fire Insurance Company have declared a dividend of 5 per cent, payable to stockholders on demand. The'directors of the Lake Sboro and Michigan Southern Railroad Company have declared a semiannual dividend of 4 per cent, payable February 1, ine T.ransrer uoota cosing juuuury iu auu reopening February A dividend of 4 per cent in stock tins been declared to the stockholders of the Michigan Central Railroad, payable January 27. STOCKS DULL AND LOWER. The stock market opened Arm and Improved i silently in Its general features during the First Board and was strong down to midday, with an i active improvement in Ohios, C.

and I. C. and Union Pacific, but the dealings elsewhere were ol inconsiderable extent, and the market was dull for most of the list. "Singular to relate," the appearance of the fuvorable bank statement and the relaxation in money were attended and fob lowed by a sudden conversion of the market from strength to weakness, the leading features of the day declining 1 a per cent before the end ol business, the last being the lowest prices of the day, an incongruity, with money at 3 a 4 per cent, that PUZZLED THE STREET i not a little. Erics declined to or below the latest quotation the London market Lake Shore held its own against the downward current, i the declaration of the dividend imparting new strength to it.

Michigan Central was offered at 111. The sensation In the closing hour of business was a "break" In the Boston, Ilartford and Erie to fall of per cent for the result of rumors that the bondholders will foreclose the mortgages on the 1st of April and take possession of the road. On the other hand it is represented that, the 6ame bondholders and a party oj their friends have formed a "pool" to depress the stock, buy a controlling interest, and thus get pos) session of the road without the expense, litigation, i delay and annoyance of foreclosure proceedings. 1 in the State bonds Tennessees were steady and new South Carollnaa weak, the latter declining tc for the July Issues. Virginia consols sold 64 and again at 56.

IHGriEST AND LOWEST TRICES. I The following table shows the highest and lowesl I prices of the principal stocks during the day Highest. Lowest i New York Central loo Erie 5 Lake Shore 1 Wabash I Northwestern 83 Northwestern preferred Hock Island 111 St. Paul 54 St. Paul preferred Ohio and Mississippi 481, Union Pacific C.

and 1.0 Western Union Telegraph 3 Pacific Mall In Philadelphia Reading lower at II 8ALES AT THE HEW YORK STOCK EXCHANGE Saturday, Jan. A. M. $6000 $60UU US 5-20, 1134 6U0QUS5-2U, 'o5 8 lO A. Before Call.

500 ahsWest Cn lOOshs Ca Pac 39'. 500 do 100OAKIBK III1, lUOO Pac 300 do 218) do 300Tol A Wab KR 76k 100 do s3 600 bS 75k 100 do 20S do 75k 1U0 do loo do 3(H) Eric KK 600C. A I RR 33k 500 (to 03 300 do 9 III) do 600 do 9 300 do 100 do 03 0 200 do 900 38" jUO do 100 do 1,3 4U0 100 do bio 38k 200 do 100 do -MJO ile 88'4 7110 do 51,0 du S3' 9 do 100 do 83 9 IIOON A do 5Wt do 1)3 100 200 do 33C 1U0 do 100 700 do 33'! 3001, 8A.M3KR 100 do ShC ISflO do 200 do 100 I'D Pec KK 200 II A KB 3', .10" do 200 do 5 300 do 1100 Ohio A MIseRR.bS 49 1U0 do 39 200 Hi 200 do 39', 1000 do h.30 49J, 200 do 500 300 1)3 39'4 000 do 49 690 do 6IJ0 do 1)3 49't 300 do 300 do 100 do 1)5 300 do Klret A. M. $8000 Tenn old 80 200 she Erie RB.

1 Va con 54 210 do 62', 2MX10 6'f, new 19 80C A Pitta. etd 39', 10000 SC Jn A iy 100 do 391 12000 do 200 do 39 4 93 100CANWKR. 2000 NV 104 100 A II 100 lOOil Brooklyn 94 do 10.) 3000 Eric 2d til. 400 4000 do 93 .900 do 1)3 100 7ouoErie 4th 300 do 99f 1000 Eric 5tlt tit 300 do 3000 do 92 1400 A 3 Kit 9BJ( 1000 Harleitt m. MHi lit 4 500 Lake Shore div 93 100 do 9fit 5 WOO I.

Shore cult e. 96 luu do yfij, 1000 I'D PacUtin V00 do b3 do 91 Mini do SOW do HW do h5 3000 I'll far 1 b. 209 CA 1 11V 11I'acl'i'n, 29II he IIIMI Ml (I I II. Illl OJ I Pac RR 39', 6U00C4K1 A MOV 39' 411X1 ('nil 1st ill, II 105 100 w'l looouea 1'ac KKtcd ba auu do 95 160 700UC, 1 OH 1W I do 3PV A Misac 91 do 3jJ 101HHI B. II A 1st.

do 39 i 1IKJO do bi 39 1000 do 100 do 19'; 2000 Mr in A 1st. 80 100 do 39', 10 elm Hark Hunk 150 100 do 10 fourth Nat 510 do b3 20 Hank HuuiofN 110 900 Manhattan 210 200 do 600Canton Co. be 102 200 ABt-P RR aim do 200 Mil RR pt.b n', i Atw) do 109 400T, A RK 40 II Canal 119 100 75' loo Mary land 91 30 A IV RK 200 ulck MIn Co 40'. 19 Chin. Bur A HK 136.1 40 OB Kx Co 79 JUOB, -b c.c i 'pS Am I ex Mortis A RR 9W JJlfTSVHSi Sft 9 100 do ion do.

be 70 Alf 49', 400 PacMH8Co 71', 1MW 49 I ion JM0 do. i i (Jo c.C 74'g 100 do. 49 noo do iuoc.caickr be hhs loo iw do 1300 Erie KH be 68 do 38, BOO do 600 do 38J, 1 100 l'? do do s3 900 a3 63 do WH; 1 300 no 63 100 blO 3H)f 400 do 62'jl 10 do 39 800 do latin P. M. 1 620000US 119)4 1 Ut? 6UU0I I OTCK BEUALD, SUNDAY, 4000 08 6'g.

'81. M43) BOO US 8-9), '67 BOOB 08 8-20, 113)2 8000 do 113) 5-20, '0 ,11 112)4 l'HUO P. Call. S00 gha Wert Tel 80)4 400 ghx LSiMS RR. 96? 100 no 200 do 03 1)6) 200 do 900 do 96) 100 I' a II it KH.

99)4 100 Mil 4 SI I' ut 77) 800 Krie life 03 2000 1'acittc KK ig 900 do 62), 800 do 39'. 400 do 62S' do 39) 700 do 62Ji COO do 391 300 do 100 II A Kit. B-i 8) 200 do b3 62)4 200 do 8) 100 Ol Kl KK Ill 300 do 8' 800 LS 4 MS UK 100 do S3 400 do 96)2 500Ohio 4 48) 100 do 96)4 300C, 0410 Hit 38) iiw a Second M. (J 794j lOOshgliSA 964 4600 Uurlcm 1st luo do 96? 2U00 do 100V 100 CAN RR. 83 100ghg Md Coal Co.

21 loo lln Pac RK. bo.03 3D', 100New Cen 100 do 39S 100 West Un Tel be 80V I2U0 do 39's 300 I'ac S8 Co. 74V 100 do b3 -W, 100 do 74V 100 Del, LA Wegt.bC 100 do 74 do 043. 100 do 74V 100 do 100 do 74V 100 4 I UK 28NYCAHK 99'? 200 IIA 84, 800 do be 99V 100 do "3 200 do Ms 200 St A 1 KK. 100Erie RR 03 02V 100 do be 9ft WIO do bc.ld 02 100 N.I Southern KK.s3 26 100 do 03 800 Ohio A be 200 IllinoisCen RR 1281, 200C, A IU 384, 200 A 3U0 do 2 la 3 P.

JSBOOO YaO'g, con. ftft l'ae 384) 100 shs New Cent Coal. 47 lit) ltock Inland 1111. 1U0 West Un Tel 80S, 300 do 100 do b3 100 ao Ill 1100 do 80V 1100 Mil A St 1' 84 ffkl do 80W 100 A Kt KR 774, IftOU do 80 200T, WAWKB 800 do 79V 100 do 800 do 300Del, LAW Klt 300 do 794, 30011, 11 A RR 83, 800 Paclflo Mall SS Co. 74V 300 do 8'.

800 do 74H 1(1) 83l 600 do 74 COO do 8 7110 no 7SV 600 do 300 do 73V 200 do b3 74 390 do 73V 1000 do 7Ji 100 do 73V 300 do 1IW0N YO A II KK 99V 700 do 74 100 Panama RR 128V 200 do 74 200 do 128 200 do 7) 10O Erie Kit 62V 3U0 do 74 400 do 62V 200 200 do b3 200 do 300 do 624, 700 do 7' ftOO do hCO 63 1600 do 800 do. 62V iOOOhlo A KK.U3 49 200 da 03 62V 2U0 do 48; 200 do 624, 300 do 100 do 400 do 600 do (12V 200 do 48' 700 do 62Ji 100 A I blO 38; lUOHtttl AStJopf 70 600 do 38 300 A RR 96V 200 do 38 3300 do 96V 300 do 38 100 ao s3 914, 1(W do 38 1000 do 964j 400 do 38 000 do 964, 100 do 37 600 Un l'ae RR 39V 400 no 37 500 (HS 894? 200 do 37 400 do 39 1100 do 37 do 38V ftllO do 37 400 do b3 387? 900 do 37 900 do 884? 400 do 37 CLOSING O'CLOCK P. M. Western Union. 79V a 79V Rock Island 110V a 111 Quicksilver 46 a St Paul a 64 Quicksilver .63 a ft.61, St Paul pt 77V a 77 Paciflc 7SV a 73V Wabash 71V a 74 NY a Ohio A 48J? a 44 RrU R-JV S2U llan A 48 a 40 Lake Shore 1 Inn St Jo pf.

a 71 Union 88)2 a Boston, a 1 North 83 a A I 0 a 37 Nortliwcst'u pi. 88 EUROPEAN MARKETS. London Monet Jan. A. sols opened at lor money and lor the accoin United States five-twenty bonds, 1865's, old, 1867 tcii-lorties, 89; new lives, 90.

Erie Hallway slum 61 London, Jan. P. closed unehangr Amcrlcnu securities quiet und quotations changed. Eric Kailwav shares, Frankfort Jan. Stat five-twenty bonds, for the Issue ol 1862.

I'akis Jan. A. opened 831. 65c. Liverpool Cotton Jan.

P. M. Cotton closed Ann; middling uplands, middlii Orleans, The sales ol the day loot up 14,090 ball including 2,000 hales for ami speculation. Of tl sales to-day 5t900 bales were American. Sales of cotb shipped srom Savannah or Charleston, November ai Decemlier, at Liverpool Brkadstupps Jan.

I 2 P. Breudstiills market quiet. Liverpool Provisions Jan I 2. P. S7p.

per cwt. Bacon, 36s. 9d. per cwt, short rib middles. Liverpool Produce Jan.

4P. We lined petroleum, 21jad. pur gallon. Comux rosiu, a 10s. per cwt.

ytwAm.ut| A LARGE AMOUNT OK TRUST FUNDS TO LOJ on city property 40 per cent on VMS lots; also time loans on governments. Address I'ltINC PAL, box 2,636 l'ost otllce. A LABOR TRUST FUND TO LOAN OR TO Bl Mortgages on New York or Brooklyn Property. A dress EXECUTOR, box 4,452 New York Post office. A 1 STOCK AND GOLD PRIVILEGES.

I Parties wishing to speculate ean do so safely a with small capital by buying privileges. Write or call IIASKINS A BRAINE, 11 Broad street Explanatory circulars mailed on application. A LADY, A STRANGER IN THE CITY, LIVING her own house, would like to meet with a gent man of means who would loan her a smalt amount monpv for which ample security will be given. Addn A. K.

box 206 Herald office. TO BUY FIRST MORTGAGES ON OOt property In Pennsylvania, Ohio and Western N' i York; uoue hut principals need apply. Wi ite lor partli lars to ISAAC J. MACKINLEY, Tremont, county. N.

Y. A LARGE AMOUNT NOW ON HAND TO BUY FIR or second Mortgages on New York or Brooklyn 1 periy. L. A. JACKSON, 176 Broadway, roofh A LADY DESIRES THE LOAN OF $100, WI privilege of paying the same in nr lint those granting interview noticed, Address Mrs.

i'l OIVAL. Herald office. TALEVENTH WARD BANK, NEW YORK. DEC. i JEi of this bank have day declared a sentl annual dividend ol three and a li per eent, lYee of all tux, payable on ami after the 2d ot January next CMAS.

K. BROWN. Cashier haoy, bankers, so wall street, hi York, offer the same taeilities to depositors as porated banks, and allow interest on duilv balances the rate of four per made on any p.d at current rates, with immediate returns. Special atte (ton paid lo choice Stock Bonds, lor Investors. A HAZLKY.

BROKERS, 47 EXCHANi Place. Stock privileges a specialty. For inforn tion read our advertisement In the Herald of Jnnuar i I and For full particulars send for our explanatory i eular, or if you are down town call on us any time A. M. to 4 M.

Now is the time to invest, before a decided move takes place in the slock market. "lifANHATTAN SAVINGS INSTITUTION, iVJ. 644 and 646 Bhoadwat, cormku Hi.ckcksr 1 Nkw York, Dec. 26, 1S72. I Forty-fourth Semi-annual Dividend.

I The of this institution have declared the fori I Ibnrth lemi-aannal dividend, at the rate of six per ee i per annum, on all sums that have remained on depo tor throe or six months previous to January 1873, pa uhlo on and alter the third Monday in January. All dividends not withdrawn will receive interest i sumo as deposit. E. J. BROWN, President edward schki.r, Treasurer.

C.T. alvord, Secretary. jyjX'TUAL BENEFIT SAVINGS BANK, 106 NASSi i street, opposite City ITall, New York. I annual interest at the rate of Six per cent per aiiuum i sums ot ifi and upwards which have been on deposit I or more months next previous to January will be pi 011 and alter January 31, 1873. Interest' not withdraw will he ercditcil as principal from January 1.

CHARLES k. GRAHAM, President o. if. kknupict, Secretary. Money to loan on first class improvi city property; First and Second Mortgages bout and LEVI CO'iK, Pine street.

NEW YORK STATE SIXES-FIFTEEN YEARS run. principal and interest In gold. For sale GWYNNE A DAY, 16 Wall street. VTTBW YORK, DEC. 26, 1872.

1.x To the New York interest mnturi January I. IH73, on the Coupon Bonds of the Norfolk a Petersburg, Southeidc, and Virginia and Tennessee roads, puvahlc at New York, will lie paid (less the Sti ot lrglnis tax) at the Kankiag House ot Messrs. Duncii Sherman A New York. Signed james e. cuthbert, trmmi OFFICE EMPIRE CITY FIRE INSCRANCE CC i anv, New York.

Jan. 3, 1873. FORTY.SECOND of company have this dav declared a dividend ot five cent payable on demand. WM. A.

BURT IS, President iiiudlet mdrrat, Secretary. ORIENTAL SAVINGS BANK. 438 Grand street. Interest from the 1st of everv month. "PROMPT CASH LOANS ON STOCKS, LIFE PO ties, Furniture, anil General I chundlra.

Second Mortuaries ami Commercial Paper polluted. Storupc. AM ES CAOXKY. Auctioneer, Katun-ami Loan TWKNTYFlH KTII Semi- Annual Report ol' the CNIOK DIME SAVINGS BANK, 396 nml SIM Canal street. New Yobk, Jan.

1, 197! ASSETS. on Mortpupe $4,949,193 on rail S. bonds collateral) Invested In I'. S. bonds, par Invested ill N.

York city and county b'jds par. I In Brooklyn aud Jersey Oty, par l.C.Vi.OilO in town bonds, par 10JNM1 i Invested in bunkjnp 1MR) in bankf and Trast Co 532,573 cash in vault Accrued on st'ka nnd $10,977,044 LIABILITIES. i Amount due depositors. principal $9,996,117 i Six month-riot, due cUposilurilo Jan. 1, WJ.

Internal Revenue tax 5,767 $10,756,975 Purplna 729,169 i I kunI dividend, at the rate ot sis per cent, has been i i rlnred, payable on and alter January 79. und if lint wl drawn win credited as a deposit January 1. Depos oaiir before January 10 will draw interest irom Julius 1. Six per cent Interest paid on $5 to $5,000. Bosik books in Enplloh, French and German.

N. J. HAINES, President T. H. U.

8. CllAl'IN, Treasurer 1 JANUARY 5, Twentv-iaiRD annual statement of Die i UNITED STATES LIKE INSURANCE COMPANY in the Clty.ol New York, 201. 262 and 263 Broudwuv, corner Warren street Naw Yoke, Jan 1,1873. 4 AMOUNT OP NET CASH ASSETS Jan. 1, 1872.33,717,410 32 receipts.

Amount received lor $1,080,089 10 Amount or interest received 281,332 14 jj Proflt on investiuenw 28.826 88 22 SjuM.IHB DISBURSEMENTS. Paid lomes hy $243,715 59 Puid annuity and en' dowment claims 3,140 00 Paid lor eurrendered1 policies 400,360 89 P.i. ok Paid dividends 13 Dividends and payments to poll5 cy-holders $329,802 56 Expenses commissions. $82,029 23 1 Expenses advertising, 5 printing, Ac 36,277 07 5 Expenses medical lees. 8,800 68 Expenses salaries 05 all other expenses 44,819 12 Total of expenses $1,134,62870 Cash assets invested as below $3,940,999 84 5 ASSETS.

5 Cnsn In bank and Trust Company 1 Cash in company's olHce 274 15 Bonds and mortgages 2,627,576 New York city and county securities 483,110 00 Brooklyn securities SSK'QKJ 1 on policies actually In force 238,077 28 I United Slates Five-Twenty bonds I Temporary loans on United bonds, Ac. 00 1 Agents'balances secured 17,268 71 Deterred setni-auisual and quarterly pre tnlums 118,180 26 rreuiluins In course of collection 87,628 96 Interest accrued 4.3,214 07 4 $3,940,999 84 3 I LIABILITIES. 4 Reinsurance reserve, four per 4 cent $2,955,738 00 Dividend reserve 170,275 00 Claims in course oi 57,636 66 Estimated cost ot collecting standing premiums, 45,791 25? 3,229,440 91 Surplus as regards policy holders $711,558 92 ft Estimated by the New York State standard of valuation, and that recommended by the Insurance Convention, the ft Hurplus ol the company would be increased $286,000 ft making a total Surplus of $991,658 93, calculating by thai standard. ft ft "NEW BUSINESS" ft of the UNITED STATES LIFE INSURANCE COMPANY, NElfl YORK, for 1871 and 1872. Yi New New Insur- New Pre- Loans ot a Year.

Policies auce. mlums. Policies. 2,266 $5,008,440 $342,916 79 $418,821 1872 3,804 8,885,923 593,022 25 Inc'c'se Decrease in 1872. 1,538 $3,882,483 $250.106 46 $180,741 Per c'lit 68 77 73 41 IV OFFICERS.

I'j JOHN E. DaWITT. i Cnahlks E. Pkask, President Secretary. WILLIAM D.

WIIIT1NQ, s. Ciiarlks P. kralh.mii, Actuary. Assistant Secretary. N.

DxOROOT, Cashier. Third avenue savinos i per cent per annnm, payable January 20. Deposit to the 10th ot Januury hear interest trom the 1st JOHN U. LYON, President. 'J' David Secretary.

rpilOSF. DESIRING TO LOAN OK BORROW ON BONI 1 and Mortgage on productive city or Brooklyn Prop i erty can always be accommodated. GEORGE B. WAL Ton, 2i arn row. BsiaDiunia Cg FIRST MORTGAGB OH OOtJHTRl seal, seven miles from this city, worth $40,000.

Ad al dress Z. V. Herald office. nnn TO FIRS' ipOv.Uuu mortgage on first class Improved Boulc vard property; agents need not apply. Address BOULK fJS VARD, Herald office.

1111 nnn TO loan-on bond and mort I gago on City Property. Second Mori gages cashed. RICHARD V. tlARNETT, 111 Broadway, room basement or nn nnn loan on bond and mori -2 ipWU.UUU gage. In large and small sums, on tlri nn class City Property; second mortgages cashed immi dlately.

Apply to WILLIAM KKNNKLLY, No. 4 Pine a QQ Ann T0 PURCHASE FIRST OR VER PI.Ot7.UUv/ good second Mortgages in sums not le? than $5,000. Address tor one week TKUSTFUND, box 11 Herald office. lN dhonn nnn to loan and buy first and sec ond Mortgages on New York an Brooklyn Property: money at short notice and lor a ten of PAUL P. TODD, 68 Liberty streo (fcoiz nnn ESTATE FUNDS, IN 8UMS 4 suit, on first class City Propert' LOUIS A.

DA ClINHA, 1.602 Broadway, corner of Forty-filth street on AQ7K nnn TO LOAN in NEW YORK, BROOl PO 4 lyn, Westchester and New Jersey. A ply to W. U. BERRVmaN, 192 Broadway, room 7. lc- COPARTKERHHIPS.

ess COPARTNERSHIP IIKRKTI lore existing between Mrs. Catharine A. Arthur an Charles K. Covert, under firm name of Arthur A )P plrcd March, 1872, hy the withdrawal of Mrs. Arthur, tt undersigned continuing the business to the 1st of last cu- vember.

C. K. COVERT, lor Referring to the above notice Messrs. A Crat ford, who succeed to the business of the late firm Arthur A at the old stand, 69 and Liberty strce ST will pay all obligations of the same from and alter ro- vember 1, 1872. MJCKKY A CRAWFORD.

XT OTIC E. rn i.v Mr. J. H. dossier.

retires to-day from onr flrr IIle Mr. John Henry dossier, of Hamburg, has transl'erre iK. his interest In our houses to bis firm, Messrs. John Rerei berg, dossier A ot Hamburg, the business will I carried on in future by Messrs. John Kerenherg, dossil 27 A of Hamburg; Mr.

Thomas M. Do veils, ot Hosto Ills and Mr. deorge dravenhorst. of New York, who is ai milted a partner from this date. Mr.

J. Henry Oossb lav and Mr. doido Wolff are authorized to sign our firm 1 procuration. OOBSLER A CO. Boston and New York.

Jan. 1,1873. PLEASE TAKE NOTICE THAT FROM JANUARY at I 1873, the firm kuown as C. Roussel A Co. has bet nt dissolved by mutual consent, C.

ROUSSEL. B. DELAHAEF. N. business will be conducted by C.

Roussel. 7e fflHK COPARTNERS HERETOFORE EXIMTIN na- under the tirm name of Boss A Godwin is this du dissolved hy mutual consent. Henry I). Koss will sign ir- liquidation'. H.

D. BOSS, 'in Nkw York, Jan. 1, 1873. C. C.

GODWIN. BROAD STREET, NEW YORK, JAN. 2, 1873. Of) The undersigned have this day formed a Copai nership under the name and style of Worthington Massett lor the purpose of transacting business as Ban ers and Brokers. JAS.

T. WORTH INOTON, STEPHEN F. MASSETT. late of Scott, Capron A Co. sit THE SHOOTING AT EOSLTN, L.

lyVerdict of the Coroner's Jury, 0 The shooting of Patrick McCormlck by Offlci John Allen, at Roslyn, on New Year's night, creati considerable excitement throughout the town i North Hempstead, where both individuals uro wc former as a somewhat desperate cha on acter, especially when In liquor, and the latter a faithful anu deserving officer. The facta of tt pi shooting may be briefly stated aa Ne year'a morning Mr. Williams, residing net Roslyn, sent a man In hla employ, named Lambert, to the depot for empty milk cans. He fht malncd away much longer than necessary an Mr. Williams started after him.

Finding the teai standing in rroru or a uriniting saioon wirnor 7 blankets, he was about to take them home, when he was attacked by Lambert, and a acaitl took place, In which Williams had hia clothe "9 badly torn and received some bruises. Wllllaa applied to Justice Hearing, of Mlacola, for a wa no rant lor tlae arrest of Lambert on a churn in, ol assault and battery. The warraat wu Issued and given to officer Allen to serve. Lan bert was found at the saloon of Emmet Woodei lM drinking, in company with Patrick McCormiek an some others. He made no objection to going wit Ms the officer until he discovered Williams In th 10r sleigh in which lie was to be taken.

He then sistcd, and McCormlck interfered and succecde In rescuing htm. McCormlck then made violet demonstrations against the officer, wtip, It I alleged, was urged to shoot by Williams, who sti remained in the sleigh. Allen warned McCormlc to desist or he would Are, but to no purpose, an 1 Anally Allen Ared and shot Mccormick In the le breast, causing his death in about twenty minute: cr! He was about foriy-Ave years old and leavas ne- family. eal Coroner Ilall empanelled a Jury the same cvei Ing about ten o'clock, and beard the testimony several witnesses In corroboration of tlie facts a above stated, which tended to show that the office only used his pistol wl en hard pressed ami afte repeated warning. The hearing was concluded Friday, when the case was given to the jury by th Coroner, with a charge elearlv in favor of the offi cer.

The Coroner also stated that the officer, im i ineaiatei.v aiter tne snooting, nan aenveren liimsel nm np to Justice Searing, who took Ins attldavit am i on discharged him on his own recognizance 1 "0 appear for examination when wanted. The jury 1 however, alter a short dellheratlon, returned a vei diet "That deceased, Patrick McC'ormlck, came I HS his death tiy a pistol-shot wound on theafternooi 92 of the 1st day of January, at Kotlyn: that th shet was nred by uitlc.er John Allen, and that th 88 oflleer was not Justified In the shooting." TUfr finding oi this verdict, necessitates an irnmc dlate examination of the esse by Justice Seannp which will be held on Monday. The deceased wa burled on Friday, the funeral being largely ai 8 tendeil. Threats are openly made against Allen McCormlclt's countrymen in case the examluatlo sbonld result In the officer's discharge. Its ry Cnstoni House Inspector HamueI Barclay seize yesterday l.soo smuggled cigars that were toun concealed on the Morro Castle.

Who smuggle them is uot kaowo. LE SHEET. 'i CUSTOM HOUSE AFFAIRS. Clerks Busy Making Up Kxhlblts for the Past Six Estimated Hlgner Tkan the Previous Year by Twenty Millions In the Warehousing Statistics as to Tonnage for Twelve Paid. Like all commercial establishments well regulated, the close of the year witnesses at the Custom House a revision of affairs for the Beason just past, but which Is only the seral-flscal year In the government almanac.

The clerical force is busily engaged In arranging the myriads of figures occupied by the accounts of imports and exports, entries uuu witnurawais. immediate transportation and transportation in bond, Ac. (Furthermore, there Is the classification of the thousand and one articles of every'description for the Htatistical Bureau and the Department at Washington, from which the Commissioner of Customs Is enabled to make up ills report to Congress and base his calculations for future Income and Although the various accounts are still In an Inchoate and confused state, yet sufficient is known to warrant the assertion that the business for the past year will equal, If not surpass, that of 1871, and that upon a decreased tariff in operation for five months out of the six. This much can positively be stated of tho warehousing department, that the duties paid on goods withdrawn from bond from January 1, 1872, to January 1, 1873, exceeded the same period of the previous year by upwards of twenty million dollars. The recent regulations Issued by the Treasury Department concerning the Importations of shipbuilding material, modifying the previous stringent rules, have had a most salutary effect upon this greatly decayed branch of our Industry.

Shipbuilding is looking up very materially, and if Congress will only enact a few common sense laws, allowing foreign bottoms to obtain an American register, ante bellum times, when the "Yankee marine" was second to none other on the ocean, may soon return tons again. 1 As it is, this country is not even a fourth rate Power in the matter of owning her shipping. The following careiully prepared tables will show at a i glance how vastly our tonnage has deteriorated within the past twelve KNTRANCId ANU CLEARANCES FOR THE FORT OF NEW YORK, from January 1, i860, to January 1873. American American foretell Pet- Foreign VesVestele Km Vesseft tele Entered tele Cleared tcrnl from Cleared Cm from Foreign from Foreign Fear. Foreign P'ts.

Foreign P'ts. Porte. Porte. Tonnage. Tonnage.

Tonnage. Tonnage. I860 175 587,061 678,793 1861 1,613,958 1,194,882 86.5,446 894,051 1862 1,472.989 1,281,721 1,079,491 1,206,129 1863 986.713 776,613 1,415,634 1,614,991 1864 845,172 772,136 1,416,7:44 1,587,308 1865 774,458 664,196 1,473,815 1,496,220 6 1866 990,116 799,082 1,776,318 1,813,123 1857 1,027,708 910,013 1,763,772 1,812,609 1868 1,033,396 852,695 1,867,591 1,899,315 186 9 1,014,982 871,1.46 2,225,137 2,220,209 1870 997,126 831,872 2,103,624 2,185,044 187 1 1,039,404 875,177 2,800,832 2,707,741 883,756 719.847 2.919,196 2,924,755 COASTING VKSSKLS RECORD. Ifuml'er of Coasting Number of Coasting Counting Vesica Coasting Vessels Vessels Entered Vessels Cleared Year. Entered.

Tonnage. Cleared. Tonnage. 6 I860 1,571 629, oi5 4,485 1,657,176 8 1861 1.240 39.1,034 2,905 815,313 186 2 1,383 186 3 1,602 636,013 2,807 860,076 186 4 1,298 668.111 2,970 895,982 1865 2,260 1,041,138 4,075 1,696,635 186 6 2,708 1,451,618 4,361 2,046,147 1867 2,344 1,318,016 3,919 1,882,047 186 8 2,018 1,350,959 4,025 1,041,606 I860 1,994 1,424,993 4,156 1,965,956 187 0 3,090 1,744,829 4,540 2,081,139 187 1 2,875 1,767,639 4,998 2,293,614 2,832 1,646,146 4,661 2,055,983 The returns for this year are only comnlotc to November 30, consequently there is one month lacking, which in comparison with those of previous periods will show larger results. From these figures It can readily be seen what a fearful Inroad the war has made on our shipping i- Interest, and what advantages foreigners have taken or our demoralization In this respect.

Even the coasting trade, which should belong to us ex. cluslvely. Is now more than shared by outsiders. and there Is but little prospect ahead for the United States ever to regalu what by right is only her own, t. and which the unfortunate war deprived us of in so short a space of time.

The amount of refunds paid by Mr. S. G. Ogden, the veteran Auditor of the custom House, for the mnnll. of liaonmhax woo CQA KAQ 11 ami n.nr 1872, $1,284,662 83.

This mouey is returned in coin, being overpaid for ttie duties in the same curd rency. I LOVE AND MURDER IN NAPLES. the London Daily Borne years ago an English ladv of respectable family and striking beauty accompanied a inend on a visit to Naples. She did not return with that friend; for an Italian, oi the name of Schiassi, cceded in winning her atrections Three daughters were born of the marriage, all more or less lng their mother's beauty. Madame Schlassi, havlug in course ol time become a widow, married again a man of the name ot Douglas, of doubtiul ie nationality, who lately deserted her.

Madame o- Scbiassl-Douglas owned the house on the Kivfera di chiaia, well known as the Pension Anglaisc, and here, with her three daughters, she resided. Towards the end of August last a certain Mr. Gordon, an Englishman born in India, who had lately held some position in the Indian civil ser? vice, came to Naples for his health. He was a wtdower, with one son, who fortunately left for Iudia a short time ago. Mr.

Gordon, who was but moderately endowed with this world's goods, took jo np his quarters at the Pension Anglaise, and before sr long he shewed a decided partiality for the society of the Misses Schlassi. No doubt the intimacy which arose between htm and the family was facilitated by the fact that at the season when he came to the Pension there were but lew strangers there except himself. However, he certainly went out quently driving and walking with the sisters, and it was not very long beiore he showed a decided preference for iieautiful blonde with auburn hair, who was much admired by all the frequenters of the gardens In the Villa Keale. At last Mr. Gordon formally proposed for the hand of Ada, but the mother refused him on the ground ln that her daughter was already engaged to a young Italian gentleman ln Naples.

Directly the attcn? tlons of Mr. Gordon became marked, Ada seems to have repulsed them, and on his continuing to press his suit, after the distinct refusal kA whioh he had received from both mother and daughter, she endeavored as much as possible to avoid his society. So persistent, however, was Gordon In his attentions, that Madame Schiansl-Douglas had no choice but to ask him to find some other apartments. ThtB last rebufT seems to have enraged him, and on the morning of Tuesday final day in the Pension was resolved to have one more view with Ada, and to endeavor to reverse the it sentence against him. On the previous dav he pears to have raised what money he could, as If nf with the view to an elopement; It Is said that he even pledged his watch.

He that as it may, although it was known that of late he bad been r- somewhat pressed for money, on this day he had ln his possession a considerable sum. Ada was walking with one 01 her sisters, as was their custom, in the gardens of the Villa Keale, about quarter before clevon o'clock ln the mornlng, when Mr. Gordon came up to them, lie made a strong appeal to Ida to elope with him at once and dely her mother's opposition. She gave him e- clearly to understand that It was not on account A of hor mother's refusing her consent to their union that she could not tolerate his addresses. Her hand and heart, she said, were both engaged to another, it and sne begged him to cease all attempts to force his company on her.

Irritated by Ada's calm but firm rejection of all his offers, he turned sharply on her sister, and accused her of playing the spy ln her home and of having set her mother against him. Without anv bitterness, the sister denied this charge, while Ada assured LM him that her sister never interfered in her aflslrs at all. Gordon, however, persisted ln abusing the sister; then suddenly, before anyone of the byj standers conld stop him, he drew a revolver from his pocket ami fired two shots, the Urst at the sister, which fortunately missed her, just grazing her right cheek; the other at Ada, with ratal effect, 4 the ball passing completely through her body ln a transverse direction, entering on the left side of the back and coming out under the right breast. Directly lie saw uls unhappy victim tail he turned his pistol on himself, first inflicting a severe wound i below the waist, after which he exclaimed, "I am r. still alive," and, with desperate resolution, flred the fourth barrel Into his mouth, and fell dead In1 stantlv.

It seems incredible that this horrible and deliberate tragedy could be perpetrated at such an hour and In such a place; but those who witnessed It assert that the four shots were flred ln snch a quick succession as to render it altogether impos' Hi hie for nnjboUy to interfere, one of the I ers was an Italian gentleman of undoubted courn age and had It been possible to save the life either nirhn mnrdnred nlrlor of her assassin he would have done bo. Tfie awftil scene took place, be It remembered, before eleven o'clock on a fine sun1 shiny morning, when the gardens, if not so lull as they are In the afternoon, are still never empty. i This is not the first Instance In which the very aadaclty ef a crime has secured Its success. It Is plain that Ada was endeavoring to escape when the fatal ball struck her. The other sister had just time to move her head on one side, or she, too, would have been killed.

Jj No report of the Inquiry which corresponds to our inquest lias yet lieen published, but i have been Iniormed thas Gordon's head was cut off by order of tne authorities, for the purpose of aacer'' twining the exact course of the hultct. His body was hurled without auv funeral ceremonv, while that of his victim received the last rites of the Catholic Church, with every mark of profound sympathy from a large crowd. All the three sisters were well known by sight, as their beauty was of a type aomewlist rare here: the unhappy girl who came to snrh a 4 terrible end was the admiration of all fmhiturg of the one promenade of Naples. It Is impossible to the cvagu-rjutioa produced by this trw I gedy. Since the well-known latal affair of that 1 Prince more than a year ago, nothing baa created so much sensation in Naples as this dealt rate crime.

It may surprise those Englishmen who are under the impression that crimes ol violence are disgracefully frequent In Naples thab this ia the only deliberate murder whtch has taken; place here for fourteen months, and In the present case the murderer is certainly not an Italian or A Neapolitan. QUARANTINE HATTERS. 'i The Health Officer's Work for the Tear Vessels Arriving with of Cases and of the Cargoes Discharged in Quarantine. In summing up the business of the year 1872 at Quarantine it has been found that of the vessela arriving at this port from foreign ports 153 were detained having sickness on board. The number of caaes represented by these was 680, of which 274 died, mostly at sea.

This large number ol deaths was due to greatly crowded and unclean packet ships, a class of vessels never carrying phy? slclans, so that when disease makes Its appearance among neglected emigrants Its havoc Is terrible. I In Borne of the packets arriving during the twelve I months the deaths reached the enormous numbed I of forty, and in one or two Instances the when the vessels were boarded by the Health Offls oer, was found to have absolutely exhausted itselri running through the crowd of passengers and ond and another dying or recovering until was nothing more for the disease to feed upon. This exhibit should be sufficient draw attention to these vessels and so direct the! linger of disapprobation to the miserable policy ol their owners or agents, who care so little appall ently for life, that possibly a change for the betted may take place. All steamships have among theiq officers a physician, and their business In the emU grant carrying line greatly exceeds that of thtf packet ship, but their lists of sick and dead aro very small In comparison with them. Why the ona should be compelled to provldo a medical man and not the other is a little enigmatical and will bead investigation.

Of the 15a detained vessels, as above 115 were infected with smallpox, and on board ol these were an aggregate of 73,306 persons exposed! to its ravasres. luiccted with vellow fever thfl number of vessels foot up thirty-four, upon whlotf from the time or suiting from the points of depart ture until arrival there were fifty cases. Twentyfive of the thirty-four vessels were found with tha dread disease when boarded, and from these forty- six cases were sent to the West Batik Hospital- eleven of whom died; the others recovering in good time under Bkiliul treatment and the kindest attention. On four ships were found six cases of ship feveyand these vessels brought Into port 2,610 personsj all of whom were' more or less exposed to tha disease. During the year there were no caBes ol cholera en board the many foreign arrivals, yet eleven of them were known to have left ports 1 fected with the dread epidemic.

This fact wan obtained from oillcial papers brought by the said vessels. During the quarantine season sixty-fonr vessels from Havana had their cargoes lightered belora approaching the city, and seven from other portt were subjected to the same direction, making a total of seventy-one vessels whose cargoes wera thus discharged. The regulations governing this work, established in May last, will be found herewith, and are of interest, having been found to( please everybody concerned, and were never before! published. They will be embodied in the Healllt Officer's forthcoming report lighter will be permitted to go alongside of Of. receive cargo trom a vessel in quarantine until tha Health officer has been furnished with the name and residence of each and every person engaged to work on 4 board of such lighter, aud has given a permit in writing to the master ot such lighter to unload such vessel.

EacH and every lighter will be allowed to deliver cargo al such place or places as may be specified in tha permit The consignee ot the cargo ot any vea. sel having the largest interest In the cargo, will ha allowed the controlling voice In the selection of lighters to he employed In removing the cargo from the vesselsubject to the apprdvul of the Health officer and to tha right of the Health Officer to allow others of the consignees to employ lighters for the removal of their goods when in his judgment special circumstances exist which render it expedient that the urlvilege should not ba limited to the consignee having the largest Interest la tha cargo. Second? Stevedores, coopers and cleaners employed ob working upon any vessel is quarantine, under the privileges accorded in the preceding section, will be repaired to take their meals and sleep on board of a boat anchored In Quarantine in the Upper Hay, and shall Dotal any time alter their employment shall commence oq any vessel under quarantine, leave the waters embraced within the Quarantine anchorage grounds lor eight dayg alter the discharge of the cargo from the vessel Is completed, unless sooner allowed so to do under a written permission ot the Health officer. Third? bo person except stevedores, coopers and crs will permitted to go on hoard ot a vessel in quarantine. Any person who shall bo on board of snch vessel from a lighter alongside ot such vessel or otherwise will be detained lor a period of eight days In quarantine, anil the license of any lighterman from whose lighter such person shall go 011 board ot such vessel shall be revokedAny lighter upon which any stevedore, cooper, cleaned or other person shall go on board or take passage tronj any vessel in quarantine will be deprived 01 Its license thereafter, and the owner ot such lighter be held liable and responsible for any damages or sickness resulting therefrom.

owner or owners of any lighter employed at Quarantine will be held responsible for the manner which the persons employed by such owner or owners abide by and conform to these regulations and such regulations as may be hereafter made or established, and shall also place in the Quarantine Hospital such of the persons employed by them as may become sick while engaged in the llghteruge of cargo from any vessel la Quarantine. anchored in Quarantine which are permitted to proceed and require a towbuat will make signal tor the same by a flag suspended from the bowsprit. Tugs will be permitted to tow vessels displaying such signals, but no person will lie allowed to goon board until' tliey are cleared from Quarantine. FOURTH AVENUE IMPROVEMENTS. The Work and When ft Will Be Flaw lihed-Two New Tunnels Through tha Rock In Yorkville.

The residents of Harlem and Westchester county, who live far enough from the city to have none ol its advantages and all the country's inconvenience, will doubtless be glad to learn that the Fourth avenue Improvement is being rapid 1J pushed forward, and, if the contractors fulfil their proposals, rapid transit will be a living reality in about three years. When the bill authorizing the construction of this road was passed last Fall the agitation in Westchester and Harlem ceased, and yet the minds of the peopio were not easy, for they did not think that the work would be completed for many years. "The Let-ns-aioncs" 01 liariem, who iourtit so Hard against the Improvement of Fourth avenue, or, at least, that part of it running through their teri rltory, have become reconciled, and think thai perhaps it is just as well their efforts were in vain. These wiseacres, in their memorials to the Legislature, stated that they considered the lowering of the Fourth avenue grade nothing less than a weak invention of the enemy to depreciate the value of their property; but now they say it may improve it In the long run. Regardless ol the hopes and fears of this influential body the work goes bravely on, and the fact of Its having beea begun has awakened again the intense interest which was felt pending the passage of the act by the Legislature last year.

As already stated In the Herald, the tracks have been removed (from 120th street to the Harlem River) to the east side or the avenue, so that tho work of excavating the bed tor the new road would not Interfere with the running of the trains. To- dav the tracks will be removed from the centre ol the avenue to the east side, from 110th to 120th street. THE WORK. The contract or changing the level of the road from Seventy-ninth street to Harlem, has been awarded to Messrs. Dillon, Clyde A the builders of the Union Pacific road, and Messrs.

Fairchild A Ward are at present arching tho road on Forty-firth, Forty-sixth, Forty- seventh, Forty-eighth and Fortv-nlnth streets. On these streets the presont level is to remain unaltered and the streets are to be thrown over It by means of bridges. Tho approaches to theso bridges are of solid masonry, and the bridges are to be or iron. Mr. Tracv, one of the engineers, estimates that the work will be finished in about two months.

Owing to the severe frost but little hasbeen done. At the upper end of the road cxcava Hons have been begun at 120th street and 128 th. street, but the ground has hern so hard as to render digging next to Impossible, and the ruin and thaw ol last Friday has made small mud ponds of the excavations that had been made. IN TORKVILLE the work has been rapidly progressing for tho past mouth, shafts have been sunk at Ninety-first and Ninety.third streets and two small tnunilM urn. being conatructcd on cither dde of the old one.

The drilling Is done by steam drills and the contractors hope to have completed the tunnels la about eight months. As none of the proposals which were sui.mift'w for the improvement of avenue between Kortrnlnth and seventy-ninth streets were sat to the Hoard of Kngtnuvs they have ri advertise the work, and propoMts for the same win opened at their other, Ornnd Ohntrai depot Monday, January 13, half past one M. Captains McMatb and llradley, of the fever steamers lino ami asinine, were each with pold watches of nnlqne pattern yesterday the barge nftlco ty Deputy Hnrveyora Rnrton an-f HI 1st, together vlth numerous diatom inspeftors..