The New York Herald Newspaper, May 8, 1857, Page 11

sane etait a re NEW YORK HERALD, FRIDAY; MAY 8, 1857.—TRIPLE . SHEET. Nn flow days the sales of Galena and Chicago have been quite Imwge, notwithstanding the heavy decline in prices, and made, ballaating material bas been made—eaxpensen incurred which might have been avoided. and Soeniie missed which might have been improved; no FINANCIA a ‘ tribunal) in the Opinions were delivered b: oJ &. of reducing the diatance between asd ie which our company increased. A therefore, of this itrated LAND COMMERCIALS | Siri Jando 3 7 | ge ronat is Erne ee rae ee Sears zee S| shcpespeseefete Me mace, phat AAR ann Judge Selden, of the Ucurt of Appeals, salt in thie = 2 0 it would. huitote erate tae oe eke ‘atareet wie idends on stook, sontrib, me 2 oe 3,000 of MONEY HARKE®,. =. slo Diop ware diocppatnied in ths eipretaon, EE a a BR OE ES a Tuvrsnay, May 7—OP. M. ‘That neither a corporation nor any person can sail their | 200 were ae. ‘although they are now Lo say | Rew ronds and branches will be brought into notive ope: | and sockbokiers and others who ‘eeireta re ‘mare 2 vs own promises t@ pay at apy cupposed market vatue less | 172 do. ‘e now finkshed, and will soon be brought full | ration, and so int of competition heing covered, we | quested to dove in persen ar by leter, prior dey ‘was no materia) alteration in the stock market thi# | han their face, because they bave no value so long as they | 200 do. may bral aastred slockhokiers, as wellas ‘he public, | of May inst, Ry order of the Hoard, marning. About the usual activity prevailed, and there | remain in their hands; tt 16 not until they have passed | Bd do Senereend i0 tbe renont of the the work bas proved | will experience the henefis of the achievement, to « larger EDWIN C. LIX CHFIED, President, 5 Spee uenae Waal they aenire valee Ly 900 Erie more ¢ of execution than wae ‘Toe eseave } extent than city r of them have yet realized, In oonducting | New Youn, May 6, 1667. ere five score on sno and fr ca, Within the past | Teeseg of the abut of property. ns | egg Uo Hinting of marahca dius orgoat wits of searing ban | lating Scant be donberd tt misanen of dail have been | SMES Mat roms do been i 6 2 do. sourMEay wo RS 7 Rauqoas gona As fe : oe . Inel Our cotemporary choses emarks as follows: Erie and Kelaniazon Kallen. ye We commend thie subject to the attention of the finan- sickly periods, and ralpy oue, bave vane of hi device and human management wrtect; 4 f : . ra nintil the Gmmtral ia quite plenty on the market, and fluctuates B® | rere ary other pre Wo da Suenos of iheoe deawbeate'to Sins wae’ he etbted: the is: | Ry ines resuhee Ftia'a tree of al forma of government, from | Prcuayanitersssssoss.--ssceeoses : 4 maby questions arising under corperate ‘of aa 4 ‘repellers. ween 860 87 per cent, Woe do not expect to secany ud: fo ite which 100 do. ereane , and the fact that rails have been a of Btates to that of smaller corporations, and there is ne s @em of rapid fallin this stock, bat va} and steady its which may be commended “to the considera. | 109 do. higher prises than together with the joes of interes’ | wistom nor prudence so urge ax to untieipa’e or obvinte all Socave, nl Moot down ancng tha car ad divaned | Conte Sasacer i Wallstreet.” Oacracaare dally | $98 Hpdehstreetsrattet oeeagaaed ny eee | Seedtinetaecantccet fic onnires an mie | MTaMnga su om. A ; 4 M4 » bd a made to immense amounts in corporate securities where | 200 do, The sockholders of ina compray were apprised by acirey- | whlch ime ibese extensive works have been begna nnd nearly | T2MOFE ABM whop~. o.oo. cco. LBBB TH ao ay ‘Bay ing companies. It has seen ts best days, but Ww T ihe 160 do. 42 Jar report of January 15, I hat an arrangement had been d, and considering what dificultins, intrinaic and ex- Frocks 01 by the @eadtediy struggle slong with its eight per cent atvidends Parties dealing are utterly ignorant of the exposure to | 1¢0 Harlem : 1% made for constructing a road trom Toledo, Wy way of Moaree, | have been overcome, what a mass of property hus been tock owned by the is ae es which they aro subject and the risks in to which 10 N Hav & Hart RR. 116 to Detroit, by whieh our itnes would be ‘connected with # |, bow substantial the work, how generally the eredit of Southern lon ‘\ i ‘and North van RR $347, 9LE 8S fer a time longer. Uliimately, with ite annual increase in ogard 16 Mic Central RR.. 9436 Jatier important city, and with the Great o! | the company has been sustained, the returns which ithas | gioeks of other com oa 74 apie, with wear and tear, with decay and depreciation, they incur, No one can yet tell who may be eventually * Canada At the same time they were informed ta heretofore made 10 ie plockhoiders, and how certain the pro wed by pees 4 iy id * | Mable for the debie of all our insolvent corpora. SEOOND BOARD. the dfrectors conskiered this line of #0 much momen | mise of future fruits, we think that the Michigan Southern and | Bopde and mortgages. 4 9 ‘1 mast follow all the rest, and become delinquent on # por- 82000 Virginia s.... 9134 tthe interests of this company that they propwed wm order { Northern Indiana Railroad Company has reasou to feel satia | Kile reeetvable....... aise 40 tn hole vidend. Erie ie very sick. Ev tions, The tale is yet to be unfolded. The stock- | Joroo Mimourl O's... 825) 300 BrioRR. ad fo encourage lin omstenction. 0 take a permanent lease of | fied with what it hax accomplished and to pre ; ae @ the whole of ite dt te + Every | voidera will probably be called to account, Noono| 600mMéen RA be. soi , 36 | S¢,7oed, by cuarantoeing an annual dividend upon us aiock | confidence, 10 the farerabse juiement of the publ Due frets upetintendest and agro on aa Hers has been made by it friends to revive it, Dat #0 far | yee imeging who may be ultimately lable for the | 3000Brio RR be, "76. 87 sockholters tm April, 186 » | whkb rum between Hutulo and Tokdn Ther? te wiege fe pon nny Lop ae | Without effect. Combinations have been formed and large a 000 Har RR lxt'm.. 79. om ean tiere, so, haat, ee? 1 Claes taricoee iad will antnvcugh ibe he teen ‘of eaabler on ling of roatt..... $450,642 29 asedases made. bus the market shows no signa of im | 2¢>% of many of cur railroad companies; for instance, | 10 ahs Corp Ex Bk.. 107 con wae tn * | ater ow rar ad hk bas bevn found necessary to keep ap isi, | SUMIY balances of noc't due company 165.906 1b ‘Cash in bank at New York... rement we will take the case of the Michigan Southern an! {| 10 ll ap road from Northern Indiana Railroad Company. By the thirty- wee py at ry tadeo, vant 0 soem f gore second gection of the original act of the Northern Indian: v tbe Jrovement, with all this influence. Cleveland and Toledo ‘was more buoyant this morning than we have noticed for he Michigan Cep ral Railroad Company, along the nort ‘To keep ap regu 'ar freight ‘onnections with the Kid seed Total. ‘ Capital ktock— ee but it appears to be impossible to sustain 100 67. road hes since been vigorous): Ures f railroacs through the State of New Y rk, it has sien 0 fay torrevement in. tia sack. "gow opin | Mutoed Company it was authorized to borrow money, | 39 “ Scenes ceetanemnastanersies | meni credae anata meray | Soren wa fe morning and down in the afternoon. The buyers to secure the payment thereof it was provided— Fs a otinfaguoa in atatiog that the ha Thia trade by propeliers through the lake has been tous! | Total ‘That the stock and other of OI Fetot’and Monroe (tbirt eight unites to produce a Tberal vee norman, oo ee ee unieeake tae pane from | vonether wit io prods on tld rod, the individual toes | 39 ex; lu Senge aetna heae me tiae S| ene epee ee an ek tam | Bes pe fhe esiside, Lo and Milwaukie sells from day to | tm said corporation, and the individual stockholders there | 499 860 815g 100 thin Serapten Gd ctiomtne wilt E Gnathes Loe sheen in Seanie aunenet. = Michigan Southern, 160... @ag without much change; about 78 per cent appears to | of, ehall each be liable for said loan, or so much thereof’ bas been established reaidve of the tne, fray Moscoe 4 ‘The earnings of IN6 were reduced from what waa anticipar- } Norherp Indians, hos... as’ contracted for di the time in which they are re PATLURES, ASSIGNMENTS, BTC. Toledo (twenty milen), will be tniahed in the course of be pre ff ed by the ky of the steamer Northern Indiana, early in tbe anu, 14, ‘Be dhe standard price. The advance in any railroad stock | 5, the 7 7 3 . tape? Michigan Boutbern. 1x6 : pectively sueh stock! to an amount to their [From the Independent, May 2. Pent epring and previous tothe let July next, ‘That tbey mizh J sumer, w ich broke up our rezuiar line of boata, and mash | Northern Indian's, 14 fe wmeertain and gradual; with all its fluctuations, it from | stock respectively, and in that Proportion may be re- ‘The following are the reported failures, as, bao . ne It, Mairociors hove mate thamaniise zeny Wwpaised our buniness During the fall of that year thay | otaren imu, Ue ime wo time setiles back and recovers slowly until it may | Covered by a suit in equity or otherwise. bay Nondicy pol lap nweton oe. Dane od alae aa art ROMIAE 08 te. chery the eiteat of ihe dittoukios which cocarred Spon (he Ari | Gcaben Branch. 188. ‘aMimately touch par. To maintain that point the largest | On the 13th of February, 1866, tho Sisto of Michigan | [Pabman. lard & ole; Poston, Mews. meependeds ay, tends, si eeven ber gent of Wal ruad, and aio SAARW of F- | wi ibe prompt ard regular tranamnissionot passengnraand | Sinking Fund, 188... eerving sod the ment economical, judicious management | passed an act authorising the Southern Michigan and | nal sane $224,000, biltes ‘about $200,000, of’ which | {Owing Yoribe Unfavorable sate of the money earket during trib ihe buatnewe tinny of ine Wentern ronda, fromm in fy TOUMD aos OTOO are required, and itis difficult to sustain guch an inflation | Northern Indiana Railroad to consolidate; by the first seo, 5. confidenttal. the Past geason, li was not found practicable to negouaw a J ¢ une, our Kne, in om :on with some uihers, shows for that - ” f , Fenno, Boston, Mass. ras the stocks bonds ; missioners of Stnk!oy Fund. ‘wader the most favorable circamstances, Of the hundreds | ton of which act it was provided— Ly om po eestg to a, suenande® ibe company felt it to we fete pe cof Eg SEE ae INP \iaeer ln tated, feat Milherto the. reesiple have ” emnen ee ef raitroad companies in the country, the stock of only | That all the franchises, property, powers and privileges | H. E. Davis & Go., Boston, Mass., surpanded. eee a enh eeey mae SONNET YT eee iae ie tatheee woenee: aa toe, Derrels ert folate le bent half a dozen command a premium. The average of | 00w enjoyed by the Michi n Southern Railroad fob Shaw, Sainpeon & Bramhall, Boston, Mass, , suspended, ‘We have omitied to reeord in ite proper historical plac+ |, all a8 yeCunfiniahed, are now nearly completed, uring im Ladd, and for care me io ak tar Creme ‘and all the restrictions, liabilities and obi imposed Prince & Post, Boston, Mass., supended. tp order to state the fact in this connecidon, that in oe bout the sum of $5,350,000. . . . + 2,270,000 45 sasregaie fifty per cent, Full one-balf | SPO hail, two ona by virtue of thelr respecuve | Norman Morton, Boston, Mass., failed; abilies about | Michigan Fouthern and Noribera Tndiann beoum- bronght. into fall pee and the as 161,400 We iments amount of money iavened in rairoad | Clarirs, and ai'cqugneu by aot wih elher or bo of | 40,00. Legarretcie Bee See, tues. Was 2h "tas sae apis, es | Beceem, alg ad aa steers haa been tunk, and the eum ia much more likely to | said corporations shall appertain wo raid united corpora. | Clapp & Brother, Bolen, Mara.» suspended. ; heir various proper exnind Tom ar Mewwoiy io our J Pramieed by his eropany, due 16 pry mea on tions ‘same manner same had 4 Goodspeed , . were exec ‘26ch o com, semi- eauiitrwrnenainyy divers fporease than decrease, It is pretty certain that as 9 gene- | tained in or acquired under an original charter, or made Dix & Edwards, New York city, sold out and retired from y were unanimounly sane and heuineen by | annual divide in eee hieody eenier tat Paresh Sud’ (aiesgbl col woven ya} thing railroad securities, both stocks and bonds, never | by or with said consolidated corporation, and in ‘the man- } business. the slockbolders of the respective oeyorationg To this way | commencing January, J#83, and ending Ist February, 1897, | Interest on bonds uncalled for .. 8 ‘Will be in better repute, or command betier prices, than | D¢r as if said consolidation bad not taken place. John Levy & Co., Dey street, New York city suspended, Pimple apr pinpaere ines, and ite | oqnat | were ponies tbe whole to 80 per ovat, being 37 per cent = by company to sunirs y+ rseni aig ‘Our offers, it''s said themae sex } im cash ai cel oc sa Income account. .. eavaie at the present time, The market to-day was on the whole |] The articles of consolidation, executed in due form be- } ronment nnn? New LOK SY failed offers, aed tors of Falroad which, beqlnwg at cenurah oan i Seti aaa si Pen maare bacyant, but there are not the first indications of | tween the two corporations on the 25th day of April, 1865, | Bates & France, New York city, ed. Siouch popafove and ferile aisuioe of tose Gaara ee ean en ge BORE ; Pitt Becrelary 6. W. Polley &'Co., Rochester, N. Y., failed, ate oh the two mort Imgarieat 186A, Faniiary. 55s. : «19 per cent atockk, ee : permanency. It will take a long time at the best, for the | provides— j Cotte Eeeennan eerareae ie, kites o8 bead of Lake Kites they wit becca the tea Salye one ike A July 8 do. ST do, do. ‘The mubervibers, a ive upp inted by the Board of Di- yablic mind to recover ite proper tone regarding | |, That all and singular the debts, Kabilities and obliga: | rank Newell, Fort Ann, N. 'y tailed and ascigneds Rowneasors of five hundred and wiry six miles of iron way ee seers doy po OA pe yl tg vailroad investments, and unti) it does railroad values in that ie. ‘the Michigan Southern and Northern faci. | © J. Mills, Factoryvitle, N. ¥. ne, and growlbe towne dreining nt aloe ee Se mat, | 1806 January, 5 do, Gareta of the company bs set forth inthe above ae wanet remain depressed. At the firet board to-day La | ana Railroad Companies) several'y and respectively shall | 2&-bvaSitveretone, Reading, Penn, cloved by the Sherif. | forming part of atrink line, ph numierone Iateral connec | S ae See ans find he caine ccprart and in, De of ee os Fah ama gny Pegg ell Thomas Hammil, fnow Hill, Md., failed. tons, between he allantic otewt afd the Mlssesip pl river. peed einen’ 4 company. guO, 6. 0 OF ATe. Grosse and Kio vilege bonds anced forth a ‘and m. P. Lindea} mn, N. roads just enamerat . 3 1 pryeagners Phe -eePaih Titocie O malar Chi. | of tho said SiNstnd compaiy, to all intente ext pur: | Wi 7. Lindsay, Jamestown, N.C, filed. ae Picifopere, I ; Total... 3? da do, Bw do scarica Wee Wales, §oommiten iu yy By " d 7 Mott iam, Moutgomery , ‘oledo le bow era an, May ti feago and Rock Island, X; Cleveland and Pittsburg, x; | eC Rogers, MoGuire and Oo., New Orleans, La., suspended. { Gonben alr Line, (6 orm Hkh 133 eats Cae ttc he ed eee Stee eee erm fOr eT ran euhserthors, & comnailiten of the Rened of Dissaeande Giellaad snd Tisdo. t Sulake mauih thal » i From thie it would appear that the stockholders are in- T. G. Morse, Cleveland, é., failed and assigned. bon Tee we betroit. re ‘The svck of the company ia mostly held for investment, avd Southern and Northero Indinoa Raikroad ani end Tetabe, 2, y' Company de- | 4:,;dually liable for the debts of the consolidated compa- | E. 8. Bugby, Bpringtield, 0., failed avd assigned, bi tog Raeeaan vo FLD tn widely aistrivuted amonget 1,278 « ockbolders Most of thie hereby cert ra @Hwed 3 percent. The movement im Mlinois Central sp } pier; and who at this day can tell the extent of the ulti | ¥- Schuyler & Sm, Attica, 6, failed. Branch to Conetanise aid'Thrve Ivers... HA | Oma ABA Dean, lspned to the stockholders dirwetly, mnt eae me + a, and alae pears to bo upward again. miate individual Bability? Ite currently reported thet a | CME: W Corby, Zanesville, O., 0K out, and nsw | MEA OUY Brache-snsooeo- co Wd" f Mhereaned Sonakierably sien the date af the lator ia Y bonda egued by, the company appear io be cach duly ended ‘After ho adjournment of the board, the following sales . & J. W. yD, 1 On» ™ ha a8... imcreare is accounted for by the fact that within the last few | on the books and acrouned for, or remaining in tbe Qo » large amount of the bonds of this com have beenfrom | 80 extension. faking in . sesecseccesereess S36 mnlle® T months new incues have been made for im the treasurer, and that the bond accounts to . Ls pany in ww the purpose of paying a pear 10 DE COTE, @f stocks and bonds were made at auction by Albert H. | ume to time pledged to different ies for the ot John C. Skinner, Lebanon, 0. , failed. ‘The station and freight houses. and ihe groneds connecter ‘be last dividend, (the earnings of the company having been: W. B WELLES, ‘Seeley pledged ferent part Purpose Keeler & Brother, Plainfield, il., assigned. therewith at the several depots along the line, aad at the ter | appropriated to consirncdon,) and to meet other financial HENRY KEEP, § Commitee, . raising money to meet its daily necessities. Whether the John Rooney, Milwaukie, Wis’, suspended and said to | mini of the road, have been provided on a substantial and ibe J wants of the company. »600,(00 of the funded debt matured New Yorn, May 5, 1837, K. MORRIBON, ‘and Mies, RR. 2d m. 7s, int, added... 35: ’ 0 My ralscale, These buildings are many of them cosuy, and th- was paid ip April. ‘The books of the company show that The euhoaribas me 4 rence exposure of } have assigned. beeribera, acommitice of the Board of Directors of ‘Terr: ‘Aiton RR. tog reports be true or not, a refer to the d grounds very valuable. che total discount or Joss which the company has sustained in ther 6,000 Terra Haute and 24 m. 7's, oes 8! ; Union Store, Division 700, Madison, Wis., aesigned. the Michigen Southern ani Northe n Indiana Railroad N.Y. Cen, RR. Fs stockholders for ultimate liability is not inapproprile to 5 5 , ’ The station aj Toledo occupies what is called The Middk | che isane of its atock of nearly eight and a halt millions of dol- | Sany, herehy certy that. the aan os: meno . RE. 7 per cent inecribed, x John M. Bay, lowa City, Towa, assigned. Ground in the Staumes river, and covers twenty-aix acrea o' || lars, amounts to lees Wan 4 per cent upon the average. Ia | Dengemereny cerity thal thay have caréfully exaasined 6,900 existing contingencies. Our readers are aware that there H. R. McGowan, Iowa City, Iowa, failed. ground, conneeted with the city by means of a bridge, Abou | other words, the company has actually received Gual stockbolders, and that, thay find. the aggregaie of} 4,900 Buffalo. are many railroad companies created by the laws of neigh- J.C. Wyld, Brantford, C. W., ass a one million of dollars has been expended upon the improve J apen an average for each share of tis stock a gandina to the eredi of indivitenb oct ety Great , ments at this point, and a section of the roud ounpected with J and the statement of dividends herewith mud a ‘ J. Knight & Co., Ws G assigned, Jance of the stock account op she general ledger, and abs boring States, in our very midst, most of which States ri © ul “* 4 about three miles tn les but when finished, the stadion wil § has been productive property for the stockhold accounts appear ta be correct sd td 300 Ci wate Whad ‘lnk “hanged talead’ daz? tek be be one of the most extensive The Koard has caused full examinations to be made into the HENRY KEEP, 20 Park farce, Ohio, Indians, Michigan and [sole ews 0c ge (ee nee ee enee en een eee eemne: | whi icin coneutzciod. “Iwas Gersned edvicetiesin fo | ‘be ompany: sad tne reports of the various cureaices Of e5- WE GRRMILYE, § Comenition. a 0, ve si ge ern i pen a q : we a we Various cormmitions of ex- W. b. WELLES, $0 Broady neral laws, the judicial constructions te which have notyet | mY, to the Stockholders. . Scslhini ier unseen. tne temieeiac scene, | ee Te oe eon ste | Kew Yous, iy 5 0. ms transpired. For instance, the corporate rights claimed by ORGANIZATION OF THE necting at Toledo, and the object has been justified by the ar ‘The sinking fund, established for the redemption of the | EARNINGS oF Tum MicsKiaN SovTHRRN AND NORTHERN LyDhAs : Gothchers buigunaetieraerattase adres Cor | O™ISAN SORTHARE AN EUREpanN Demcama Repeal iene eciea ce | Natedae vaca acters he ge P pany are comprised in an ootavo volume of 216 pages, Mey, ee pamy Otero sacle shina hot. frostyto: | cette nent ool eee ee tees aa = 30 Commonwealth Fire Insurance Oom f di a creased in valor daring. the last. thre ara ehikage | Fala roa tote amen of $a 3. TN piso sunracns aise 23 : Fy pany containing no Jees than forty-five distinct legislative acts, val laring the o years, a 5 road to amount ‘oe AZ eS embraces ie ¥ do. the understanding of which would require the labor of an partic: aera wa bere eoiese names cee, 5 may » J about $100 000 of the bonds of and Toledo 652 enree industrious lawyer for a long period of time, and how then Edwin ©. Litchfield. jeu than three Nendred thoseand dallas eerie. Sa siockinidere in Aprit 1008 tls company bas taken & vere am % z ? He man J. Redfield These roads pass through four States, Ohio, Michigan, Ii manent Jeaae of the ruad from Toledo to Detroit and has 7 ‘Bitvering can a layman, stock or bondhokier know anything of his John A.C. Gea cod Dinos having an 5 poms f TaD, 0 (patted the permet of an anual iherea upon fe sck x = rights or tiabllities? And yet people “go it blind” in ope- baa ng AD Oe eee act ree 2 Oe ree ee en a toe oy Ai thé bétond board the market was much better for tx ‘Witham 6. Vermitye. im Jatlon of nearty 90,000, and which east be quite | pi ‘DUrpOvEE the road ix, therefore, to be regarded as & rating in the securities of that company, as well cs others o. doubte ike b % he TS a wing ner similarly situated. J, Ransom. The dry goods trade, 'n iret kande, ban not improved | Sein strs ter materially within the last few days, and the failure of five [ee wh from Te ‘Detroit, r Gur line of road ws thus brotght into immediate relation tw The stockholders have Barlem went ap >; Reading, 2s; Galena and Chicago, 3; Iso nuthoriged the board to guaran Ae Ssrsseuebass & aia bundreds of thousands of , With all hele varied indus J vee the payment of $20) 000 of tbe firet, mortgaze boda of the Iman Central, X- Most of the transachooe this after: | Jobbing houses in Boston an produced an wathvorable | Hoste ter al ay tra and imrrehange an)? enabled io command a fang J Cincinnat emu an Cieaso Rarond’ Company he oe re doen were for cash. At the close the tendency was up- | effect. Only one of these houses is understood to have pd Jehu Mi Yi “al iraflic, Ww! p monde ‘at present, must increase ff gage thereon bei for only $10 000 per mile.) whose line 70,646 “ . Hopkina, ion and f uh try Bui | road intersects ours al Laporie and foi ub - f ward. large liabilities in this city, as the credit of the others was at x ) Ford: nal t ihe it weave trade |) Son for th Cinclunath Dianne. Ths rusranty been giv i “ t measurable id vt it lability. ‘ne road, howe is ee ‘The Areietant Treasurer reports to-day as follows:— not very good among our merchants. These houses, with | vawin ¢, Litchfield, fnland vallies.” ‘Before speaking of this, Bowever, tet cs con’ | plead and in aucoosaful operation tron Late uo temnouthy a ‘Boral receipts. Sp tbapte one exception, had been doing business op a small capital } John A. U. tiray, John Stryker, trast the present with the past, aa @ basia of conjecture for the J and has paid the interest upon the bonds due to this time; an 35,113 8 15718 ments ; “321516 60 | and were obliged to “‘smash up,” finding it impossible to ‘William B. Welles. future, we have no reason to doubt wat it will continue to provide for I my 14,257,608 77 Py FINANCE COMMITTEE. ‘At the thne our enterprise was begun, the railroad aystem ot | the interest ar d for the principal uf the debt. eove * 25) waa obtain further credit. Too iittle capital and too much | John A.C. Gray, Henry Keep. the Untied Sraies Sree B its infane + i ene aero upow Wi these e304 rioas, both regularly suthorised at an a S am r ‘ 7 . Vern re for a ow nual mer ting 0! noklera ai feat ‘The receipts to-day include $60,000 in silver from th | credit is the great evil at present in the dry goods trade, | Meda, Litchiid, | |, | Wm. M. Verunilye, are Bommenced, willbe wee dhat there wan thew no cf Sere shi compasy iw no ble tu any fora or" Ubon aan te ‘The annexed statement exhibits the foreign trade of thia Faliroad ection between the Kast and Weat, no be A first elass jobbing business cannot be carried on st an ath bend Of the twe great lakes, no laiportan ont one Of apy otber com’ expense of jess than $30,000 perannum. The large houses 7 Go, | channel of trade suding at Toledo, exerpt the Wabash and ¢ rir any. Tis ‘compan, ‘owns stocka of other companies, which hare cost sy 4. and bonds of other — yest for the month of April in each of the past three } aro enabled to keep buyers on the other side and sell to cation of ruads and canala braaching £826,010, The arrangements made for Uy ge yours — customers frequently at the prices their neighbors deem i a ps nature and | “rice extensive districts of country lying to the woxt and | have re this ownerst pa] ov me Port or New Yorx. bona mg seh pay ‘of their varions operauions, to exhibit the condition and P norih of thatety were fotersected og ly G he, roads 40 ip ‘en aod Sere panied in the circular rep: BA fo wees RSE22susageg SBRSAeaeRess & EpRbage: $3) this company in that yew, Although the Value pay the importer. The small jobbers, bewever, have the | value of the properties which have been thereby created, and | a few inconsiderable strvama, [ut by consulting the map, as advantage of obtaining very Jeng credits and of not being | 10 glance x the prospects of continued suceeen, prosenuer OO | it appears in 4867. it will be een what advances have bin now avallab share on or before the th day of Junr, and $15 per share on or before the 2h day of June next. y Ume sooner than above stated, and sbirtiags, 83yc. a Bic. for light; 9igc. @ 940. for | should deem more practicable. ‘They were indueed to adopt a } how rne. hundred and twenty thowennd—which then atlpped heavy ; little doing. Bieachod goods dull and gelling below | more» whenly coarse Seon oa a ee alread | *BBually but two millions ‘of bushels of grain, aid now si cost, except the low priced fabrics, below 82. Drills quiet | Company of Michigan, whose line he Bate hagproporet 9 2r pote pA ay gh UY LR a ag : ar ; mints at Si, Joseph, on Lake Michigan, ut wl eckde F : : — at 90, for brown; bleached, 9i0.; blue, 10%c.; some sales | Make New Huflalo—oonaiderably furdber south tha w At Some po to A Ppa ee a " ‘was epwarde of five millions of dollars. There was a de- qreare in actual imports in April thie year, compared with @e came month last, of about three millions of dollars, while the exports show a «mall increase. ‘Fro Pacific Mail Steamship Company has declared a diyi- @end of 10 per cent, payable on the 8th inst. The stock jobbers of the Daily Fimes bave not done mach 4 the Brokers’ Board for the past day ortwo. This morn- : s 2 a ac & ments may be made the option of #ock- a weedeat eee Seyi wtinaniy eeuee rare hee” Leo 7 i 5 wee arts to the ea wr arti eae SASTONG io ae shees Ss ay fa} cf country wi rile neitksown to hsmockboldera, originaiea | Nissare has ein C Frances, ces, and the bills 640.489 17 168,318 ® beens 212507683 “"gab'ag | YAlue. Tho competition among jobbers is at present very } in a plan projected by the Slate of Michigan, for connecting a yo Bh By - 96/168 939,21 | active, and tricks of all kinds are resorted to to fecure | the waters of those immense reservoirs of irade, Lake Erie Ubio, Petunsy lvatabs mt X portion of the amount may $32 wo and Lake Michigan, by means of a aystem of railways across Sach. have anes, boom Gh commie’ S © ate ci oa bedeet re 41,08 BB A 18,362,923 16,837,491 costemera For instance, a staple print, the price cf which | thepesinsula. The fain was but partially carried out by the fines which are'but a cootinuation of the Michigan Goully:ru || wpresentavalable. Bas G14 p2'001'517 Bt is well known, is offered at ten per cent below cost, which | Siate when ite financial embarrassments compelled It in the | and Northern Indiana Railroad, it |s hroaght into direct rela be company is wnwilling to nell the $900,080 of Detroit, aaa im 16 091 5 583,396 year 1646, to discontinue the works and to dispove of ita roada | tion with the cities of Cincinnati, Pittsburg, Baltimore. Phila } Monroe and Toledo bonds, and the remaining sinking 1 = Bre —— induces the buyer to make large purchases, ender the im. } { privaie campantes, Fork, When the line exvending east fom J bonds at present price - 38 Teak... «+ e+ + $44,606,046 70,444,440 77,920,888 | preerion that he is obtaining his whole stock ata cor- he Southern road, aa surreyed and laid ont by the State, ‘way of the Cleveland and Ma? oning, the North. Tt resulta from the fore ements that ft is necessary Soot began athe town of Monroe, on La Pialsance Bay, near he Pennsylvania wentral and the Alleniowa and || to provkie some otber mode of meeting the floating debt of we Ras Value of — responding reduetion, while he sctenity page doable the euch Cocca ed eo a lta oom — ntral roads shall be completed, (nearly all of | company. haps ities 4 "962686 "I OaT S14 ascertain the cost of imported goods, even though he be | Michigan. st Fy dg RA LR Ritch the shortest possible route from Phuladelphia and New | have determined to create and iasue ya guar ‘construc 7 Tooed _“ee'a6d _Ino,sad | favored with aight of the invoice, aa many merchanin | [Tor fines n, win veda bag ruby wosen ener | Qe'ten tment yanaatastat at Aly grade’ vucy aii iheraleel tx per coer amt, ee ihe porewm sone | TAAL ven 78 om a 9,313,447 3,261,6 3,354,805 | have two Invoices made out—one for exhibition to cus- | ¢.—irom Monme through Adrian, the county seat of Lena: | enable Ireight to be went without tranahipment froin struction stock heretofore fenued by the company, except im —S s———— —— wher ter ‘Th eat Sor demmantio 1 Oe Pte seems wank ot Hiisdale county, | io a point in the heart of Lowa, nearly one hundred miles weat | the rate of dividend ) 68.099 61 BetOW cc ccce ces ++98)026,109 8,762,890 9,020,090 } ‘OmeTs, another for private nse, The mar! 8 distance of ‘aixty.elubt miles. vogether with a brancd, ten 1 of the Misaissippl, and which, by the steady westward exten The stock now offered will be entitle’ to dividends in ensh, 5M £ 1a shah fabrics is suffering a depression, which may be only tem- | Miles north nen ia to ~ogrg Toei a be er sion of the Ine, will noon reach the Mivyurt at Connell Butts. payable semi annually in New York, on the first days of June 4785, = ‘Me vale of merchandise entered for warehouse at this Cottons of all kind dull, and be beaate ‘eight miles o yal Pte , om which the State ‘The many and important roads which have made Chicago J and December, The first dividend will be payabie on the first Th 4 86" od to $8,168, porary. nds are dull, and can yng Wievoneae 4 eee Southern Michi Raitroaa | th? reat metropolis of the Northwest have been constructed | day of December next. 16l 62 pert during the month of April, 1857, amounied to$8,108,- 1 4 irity easier than two weeks ago. The quotations given } ,.)h¢charer unier which ihe Southern Michigan Ballrasd J yichin the ume in which our own was in prog ‘Aud of ft has been awarded by the board, pro rata, among TAorl 39 if MA, against $5,161,498 for the samo month last your. Dompany took posseagion of this road was ® perpetna vada, {tin important to remark that the part of | the siockbolders who shall be such ut the close of business sores Te Hes are merely nominal, as some hold firmly at these rates, | carefully prepared as to ita lerma, jibe $y ¢ tributaries to the Michigan Souther Northero | dhe Mih day of May inatant. The «tock is awarded mt i Fi 906 310,188 1g ‘iis tocreaxe ie on account of the changes in the tari go | wnie others would discount a litte in order | DULSatint 0 ieraum, excep! by the consint of end the road, and none of them, in any sense of the word, | par value of $100 per share, payable $0 per sure (1 camh, wae 21S tuto operation on the firet of July. The amount ware- tors, Cinder tae ea ee or eed io mminalie | competitors. “Of the grent ronds of the Northwent, Chieago is J and $40 per share in the general stock of ibis company at 135,707 ‘ab, ‘mg into ope: to sell a good bill, We quote brown sheetings | road westerly to Lake Michigan, either by the route originally | the common centre—a city which, at the outset of our works, | par. The cash payments are required to be made $19 per 1448 99 2a) eased in March, in anticipation of the reduction in duties, contemplated or by any other more southerly roate which they | contained jess than thirty thousand inhabitants, and which has | share on or before the 20th day of May tostant ; per 16 66 7) is holders, PY receipta will be ins or all partial pay~ ments made, and interest at the rate of ton per cent per an- nom will pe'allowed upon all cash payments male prioe to thone dates, Swekholders who may be euch on the Shp day of May tnatant, will be entitled to reoetre the snaran ) ioek in the of four sbares of gaaraned stock 4 every len shares of the general mock beld by them, faod the same proportion for a grewer or smaller amount.) at am lume after said 2b dav of May, uipon complying with oud ennditions. Tn ease any portion of the guarantied stock is not applied for by the Shiny of May bythe purues entiUed there), the same will be award: d by the emnpany upon the #aine terme (nother partion mockholders or ober, who may rst apply for and pay for the sasme, iL in we —t. the pre of euch genres. participate aul tion, the proportion of Ruch guaran ed mock wo which they may appear w be entitled, will be re served for them by the company until the 2th day #f June z 523 s B at 30. below these rates, Denims in moderate demand, | —tbeir terminus, with the view of extending th and ying into Chicago the tnexhanatible wealth of the inte i Lake Michigan to Chicago; second, to meet the demands of the — “ - at 100. a 160. Osnabargs—stripes and ticks and cotton | frratirade betwoen the Bast und West, which i was then be: | Mu" Suk% Niuueuiyot and by msane at the, Misainalppl ar 8 ’ i, duck quiet. Printing clotha bave been sold at private | Coming evident would vot move directly across the lakes | wissourl road, tapping whe central part of Lown) the Chicago, twhich were closed in winter), but around them, wad, third, (| terms, in large lows; prices not quite so firm as heretofore. obviate a thresiened competition through tbe porthera parul of br a Ee Per nd Tiinola Central Printed goods for spring and summer wear are moving of ny ‘tates had ty , ted the Buffalo and anes: = es eee See ree aes the € more freely since the improvement in the weather. We | Birsi«si CITY COMMERCIAL REPCURT. ‘ Trenspay, May 1~6 PW Asta. —The merlot woo quiet, with «mall sales of pow at $4y0. a 8ye., ond poorls at The. a TKO. Buxanercyyt.--Ploir—Thore was an active demand from the trade; reoeiyty wore ight and stocks redaced, whieh, combined with uniwrorable accounts r we ing crops Weet and Sout, imparted great the market, which closed ot au advance of aboot 6e. We. « Me. per Dbl, epectally on the higher sales embraced Liwee 1,000 and whole 5} Oe ny, iur the purpose of constructing a road | Wisconsin, and the fine copper and regions of Lake ta . " rom, Jen gout of Mo due weat through eet prnly rt class maddere at Sie. ni0xe.; tho | fem foes cuemnes wings Hon due memroagh | peor whhi range of our reser, rina» Yet te ret tower rate for earty styles. Lawns,11}{c. a 12s. Ging- | bead of Lake Michigan, Such & road. it was obvious, woukl | Ti is rather an example of the Keneral ade ~e of the West. hams 100. 8 13.4. Challies, 18c. a 20. Domestic weollens | directly, i: would command the large and growing trade connect the bead of Lake Erie with the head of Lake Michigan | ‘palctn and other Shion Caates 1 wo andthe om gion to which we look for trade and) enage pariakes eprit np between those important points; and it would | Sy",r kOe. 2 . are dull and heavy. Fancy cassimeres, spring styles, can } 7?) 1x" Lapal ie an Gas of i. a | of the onward movement, es During the last session of the Legislature of this Btate, whale the bill giving the Erie Railroad Company the power ii 52 be bought all the way from 700. to $1 124; the goods | between the Fast and West. But as it proposed w ran only There iano reason, therefore, to apprehend any dimtnauen ‘datribnted to them ‘the te make an issue of new stock to the extent of one million é i Jy of the of by tee on the contra-y, thers 2e3t, and will then vat 7 same teria, dears was pending, the following preamble and reso | Which sell at 700. have wool in them costing 460. per Ib. | Rovthern Ws aed aay, parkiich to Kail’ the | is every reason for velleving. that the almestunexampied inane poll scahghas " Heavy fall goods bring from $1 12}; a $1 60. Satinets are it wae equally ‘obvious that both roads could not be | rapidity of pro which bas marked the past, rhtnd This sue of atock upon the terma stated wonld yield to the way, conserasted, > | celerated in the future. Temporary causes, uch as a ¢ slow of sale, at prices ranging from dic. a 70e. Tweeds | Sonslrucied, or that if consiracted. ‘ney mast bacous Fv, | failure of crops, or a general prevalences of divaase, might and jeans dul. ‘emergency, therefore, he friends af the (wo enterprises con- | abate the prowerity of single years: but there are no eanses: sidered the feasiWility of a union, Tt was found that by start- | with whie) , OF which we cam conjecture, ‘The foreign dry geode market is emphatically flat. Of | ing from Toledo, running north wesverly ‘a, Adrian, ‘and | likely to have sneh an etfvet for any connected series « Fos mort descriptions of goods there is stock enough in market [wrncr westeriy: op the ine of ihe ts inoerarierpaneapicantiakseracte he to last another season. This results from excessive impor. course into Indiana, the line Ay ‘There would be retired of the common stock. tation, induced by the expectation of s heavy Western Somat? aan the. proposed direct route from Toledo, but it was a) ; Leaving the common oe. company $1 900,900 in cash, and $1.40,000 in general store which would be then cancelled. ‘The result may be thua mated — The present amount of outstanding stock is $8,460,100, Foe the purpove of iMustration, call it, in roa Routhera mixed to goo! Drama. . Poutbern fancy and extra... . Canadian superfine aod exire...... Canadian was io good demaud end about 2.000 bbls, ai the akeve prices. good demand, with eales of about 2,000 above trade and the disposition to speculate in the carly part of | considered, at that ear) sy} sepepeee montly within the range of ue the season. There ts a want of eonfidenco ard mutual un- | Penanied by te watagiienin i Oe son : ino : regan va was more active, and the salen of derstand hich te pwwentioary ony ~ effecied by ihe anu at Making @ total #t0ooR Of......cccceceee one bout 10,000 16.000 bushels, ing, eaneng lmnporters, w ey. and M pe the Southern ty resources ‘The bile payable, inclnding contracts on time, for at $1 60, I'inow prime wiuter and to their interests. In the early part of the season every Tp order to carry out hia important Balt rails Jocomouver, are... eazmneee and fair red Southern at $1 66; one told his neighbor that he could not and woul! not im- yy eet Lamy = mceed es, Aud other loavs..... doceosesesvones: . 40 | at 82 $143, and choles do. ab 81 86. port largely, in view of the rising prices, and, in conse- y had been incorporated by the T ie i TOUMS. .. o.. sess . P quence, each one secretly resolved to bring forward an | {pr,ve hurpear of makine § Cet are afierwards transfer. | fertiic salle, ® variety of matural prod Saree unusual amount and “make s good thing of it.” Two or | red to the Kiate of Ohio) to Kalamazoo, in the intertor of Michi ral and vegetable, facilities of ooew and ti ———.._ | burhels mixed, buyer's " Wree years since the importers of French goods, yey a eS pA gy CA | Severna be cauaghs tase uaredione osomeat ‘Thus reducing the floating debt to. ...... . Ryo war firm at Sic. 9 Gc, for goes a Lynd > - company would be left in the ranged from 600. « 63>. for Bate | dad been compinind, nina, ae ‘and, owing ta the of the Chicago, Bt. Paul aod sabe Sten ett alin pt a we feeling the need of some concert of operations, rigned a Maiees cod Yolsda hel base rok bs Weelebrated fr a tron, lie copper Corma —Tho market was quiet and sales i 4 ai = 2 ; & contract by which they agreed to eoil nothing through the Bonition tthe Routh arm ‘as far Aa finished, bat the | resources of it are regarded na incaicula”! staking fond beads, and shout $900,000 of (te eee eae ot eo 100. & Lge. ; 180 do. Suction room, until s time fixed, late tn the season, when | j, Teh w on Srsen.—Dealers wore” watts the the bulk of the stock should have bean disposed of for ope oe ee ae pa’s letters, The wales were confined to Prices continued tobe anectiied. A sale fair prices at private sale. Every one was eurprised to seeuted, eccording 1s find, however, that the auction roome wore filed with | Michigan. But, na | lame nee a, French goods at « very early date, until, at last, it was jp i gy ant, hb caaan ae ee Aiscovered that nearly all of tbe contracting parties had sent | Teer Put ‘trom mente teh Vosnel was ed canon 10 the rooma by night, which were sold in the names | crm boundary of indians. for London with donls nt £5 pur 4. evaves were for London at £8 por M; 10 ticrons, Doe at Ms. 6d. pool 2.600 bbls, at is., grate was at 3d. Cotton wt Ske, 100 tons oil cake at 16 staves at £6. To Bremen 600 bbie. rowin at of clerks and carters. The policy pursed by the im. porters has alwaye been full as shortsighted as thie, and we of Are, consequently, not at all surprised to see prices going | due an horit; vomnted thelr work with ail the rapidity sonaist an Bowthern and Northern ia, % Py a ae therefore, ¢ roper for the board fates were etoad engacomente hight. down bere, while they continue to advance on the other fut mio a dara Me ane adcasrente meeew ful snare of Wat ERODE? AEBS. xe Worihorest axe aot | ceive hal par in park payment Of the cick propesed’ ately | fare Tho aa ees about — dale, at 700. © wide. Fabrica of silk, inom and woollen are slow of salo | #tan' ‘und improved aoa the entire line war open. moretl Shee Seeeene menee, Pesan eLGY catwace Moe by inte we prey . ‘he, 2 800. the latter gare fe - ee tn thie market at priose eww than they could now be landed | $2." %me'riatm hat inainsn twanty maine; embracing two | thiher aad Ween emigranta, while hey develop Ube rena ns anh, without ttm Me OTE nal 19 about 800 Western, 22 Ibe. for. China silks, however, are firm et comparatively high (one of chem, peculiarly wevere for such works) the | of Or wy ee undeed thotaand eenigranta take tip weur | of bonded debia maby the sale at 22}0., and 1,200 Matamoras, 24 Ihe, at Te., ete cased pearly rebull "SO miles Of thy Old Poad—& Tact without prece- | abode ansually in these regions. As the resources are} toma involve « a prearan cr es exmry mray | ba ome el ran eg, | ad sna era gee oar cn the an Sou 7 row 0% 7, 1807, dae arin the Tecuneeh branch (ous vi. | mining ope All the et to the Lake of a compan y uty $1600 Indiana to Of of Jackson, about 41 miles) situated on the line of tbe | Fu diatriet for tha supplies of tron and copper, aed in = jy far Be grestent part @tockholders have been int 6000 $ ax Centra) Road. This work the soopany deferred aa. | few years there will be there had. Wbrifty po tw the company for yrars yd Titginin Se.... FN Oe MSORN WARS il after the completion of thelr main Ube, when they caused |p In the company furniah evidence, they hold ‘ea in iene Conve o>. bid < $ 62 rurveynto'be made und Dogs the work. jhich wag” Enibed inet of nober rea mere, wo to undertate wo vate in wore Hey rena 9000 Sleeoe: 2.9 | as far an Manchenor jon) in 1885; and it would have been | the rapidity Progress which ’ 9000 ince tn the Northweat. In bowh directions, therefore, east | Wher: Svoboda and ibey woul crela % 1 SRA -— Ss fai, | foe ie ‘ompivied by big une, beater ming mocdom eran | ghey 0 9 srretward, the channels af commaaieation ant Wal. | do, any unpewrnanry addition 10 owt the 8 —a | 9000 do. bd de. 02% wealth and at ‘which enlialy ue are sompany chartered ‘State of Nand. Tae 2000 Fa F 200 do 621 he abundantly able make the advantea Ld company kept an omen aod uanencted busines in the 7000 1 Oe 226 do bl proret iwir own property from unnecenmary #acriie™e of New York, anid in the transaction with the plan 00 tt 100 do 02% For Sane renaete we, have egopred the plan whieh we nor face pagabie tayo io Drnicbeareney”, The ‘Bae ao Preston ihe righ th pn Zin he i er em Fort . payable in London in Brhish ourrency. . 7 we {eed stock which jed 10 lawtte. Proceeds of theee obligations were applicd to the 20 Clo, Cot & 103% | {he'chicapy and Rook Leland Company, st'tive mils of coud | Chicago. the erent tewAing contre of uve. Wi Dit, bewever, br any renson, any of the woskbolders are nnt . ‘wes ‘ure, The plain’ afterwards ‘tied 8 bill to nave 100 Reading RR. 80% | entering (bicago. phia, New York and other eastern cities.“ In activny ag prepared to take the wer of mich stock 10 whic? ~ 4 cake. Oh Mean Were a Seen coMveyance of real estate, given by him to the com 400 do, 80% The direetors cf the Northern Indiana any in porenancn | impatience of Amertean ent a marae. Saunas ares ntitied, we aball wae of in tbe ond cold at 14% a 14X06, for prime. " pany to eecure the amount advanced to euch ebligations 100 40.42. /:810 B0\g | Of ele iatpal plan of necting’ the best ine of rirow' that } quickness of return are controlling (cia; Dut io dhe greatad- | ment io ower elockboders or MC P* a Faay, io he extent | “Lt Cuma were quiet bul hrm The sales emabeneed about Or certificates, wet aride—fret, on the ground. that 00 0. Big | Cenld be bu lt between Toledo and Clvcago, and for which [ran ae our rom a anther, # so an im. do not dowbt that stovk of is comment. i Sent div! s \ a . 2 100 do pes they had at an early dav obtained the corporate e connection with the south shote of Lake krie, atimided | of $8,000,000, upon whieh the P ee ee oe tin | 600 bhds, Cuba tuscavado, cbietty within he range of thewe certificates, althongh payable in London, in a 10 Amer Px Bk... Me] the Boflalo and Miestesippt charter, aathoriaed a auevey to. be aut towns, and whither the trmense trade between f den’s per annem is gnaraatied 4 i ie. a Lie foreign currenoy, were in fact eued In the city of New fh Cov) Ine Co,.... 106 200 do. 890 80%) } made i 2. Wappen trou thie sarvey th . ‘Weat naturally tends, for the conventencss uf the | share V dividends over ep per cent per La rt} Tra.— The publia York, m violation of the rertraining law of this State, | 100 Lel & HUCo.d80, 124 200 TI Cen BR... .2fO 192 could be run betwee ing the keason when it # prastieabie, Aay nt for and n. The company bas paid over ti — \e. ho eeter y, oer Sea fand, ‘sevond, on the ground that they were voll. for | 66 do 14 100 do 69 17 eed not over two per cent [0 ing his eFe npon a map will 869 that Lake Fe erunnm epon, tar average, hoe Kaemtary Amma | Very fond! ang spire. me of ry. the npre me Court of the Kighth Judicial dist ict } 36 Pevn'a 8 100 do @ 1689, | DOL few curves in the Ghote of ft wir serynir of trade for ae veral of one largemt 4 ne peaing of Oe ing completed and apon the | fit erect: enkd well, or fil dino the relief prayed for. From this the | 100 Comb Coal Co.b80 155% 360 do Tepe ee ied AL Dy to a ER al le Me v vines which Bre Jil opcrainms Roanaot be reuon- | sold veer ie, | The wndency of @ ia opward. , Sorensaut appealed to tho Oourt of ‘Appeals, he highost | 65 Panama RR,,,... 02% 09 0.15/04 Wd Thea oder these circusiaucen, and wilh ihe curiain pros Thus, am every aopect wf ie Game, We rewalte of ihe shy de ne fait gross earaings Wall be very ovusbleradiy Wamnny —Aales of 10) DDI, ato