New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-11-23

Nh. fui.i asf d
Fron New York. Nov. p. $50 bush. Barley.
From n Orleans, Nov n, l,ooo bush Oats
The late decision in regard TO the North Amen-
can Tfust Company, grew out OF the attempt or'he
Company to avoid payment OF certain bonds issued 10
iresi,es TO secure debt due to Mcssrs. Palmer Nc
kelop Dent 4 Co OF London, on the ground that the
zee Of such bonds Illegal being, IN iSct post
sOsrs against the issue of which law was passed Dy
he Leo stature the next session. We think alter 'no
nv. Banking Law was enacted. The above London
hshAns am paid the drafts of the Trust Company LOT
seess 0OOO and a trust formed ~ certain assets
q tie Company for their security Aitcr the trust
Company failed and the majority of the stock passed
sic INV hands. cndcav0rs were made To of'"N t"e
'soss rusis formed Tor the security OF thci larger
asaors OF the concern. The decisions la these SUITS
Nave We believe. always bstn favorable to the Tom
pszJ snn the present instance The case we under
s'sd ~i be carried to the Supreme Court OF the Uni
vdShes The decision referred to knocked the stock
Sosh about per cent.
The Illinois and Michigan Canal had yielded a
to- the amour, Of $4,000 up TO the 10Th OF Nov
IhsF, had been leo days Of navigation snd prooaoiy
as,s would be about 10 OF - more. The Canal was
7ssed on the II Of May but owing 10 want OF boats
al scarcity OF water there was much less amount
aS.ine.s done than there would have been bad
syoper facilities oecn afforded. There are nov
@sOsss upon the Canal and preparations making Tor
S-ins great many more during the coming Winter.
k Calumet Feeder will slsO be finished during the
Water which will furnish sddiuonslsuppl Of 9,Oo
s.c eet OF water per inmate. 90 that smother year
nere viii be an ample supply Of water and sufficient
naneer 81 boats do all the business required. Inis
l.s may be ssid 10 have been al experimental one
" he Canal Many branches OF trade. such trans
fss Lumber aud salt from Chicago TO 81 Lonis. snd
fNasSe from the southern portion Of Illinois by the
~ o. The Canal ~ an Eastern market. and such as
5ns Cos from the interior OF Illinois TO the Lake.,
ss keen transacted only 70 limited extent The ex
'a@shl have all proved successful, aud smother year
ey lafse amount OF business will be done upon the
"a. IN nese branches Of trade. Snd large increase
- DC shown IN ali other branches of the Canal trade
ss' Tie circumstance. 1, IS probably safe to estimate
'-s upon the Canal Tor next year al s250oO0. The
S~sdsei was Sc 10000 this was reduced $4,000
1@s'sie OF Canal lands in September. The rernsia
] nc toe Canal lands are estimated d, 81 400 OOO-
20 ~asn sold will leave Canal debt Of 1890 900.
-H the tolls in al probability, will be sufficient
Yer, to meet the fun interest OF the Canal debt
he blowing extract OF Washington letter
~0ssh inst We pat on record with misgivngs that
s-h not AL Of is predictions, will prove true
sas o.. sP9.ac- re.orss aud their legu. b.
wstss al bis sfokers % snst- rs 70 ssl Coz
s'oSs peoGt. o1at4az ossv~.
far-rs.
- -ens Nd b feqalrsi
- ice II es vhah pa forth Pos
- Y tsltile ~ following predff.ont
d. p Coserueni set through hs year isg without
a., ~ 100000 Ihst Nj " tAi. h.
port 10 SonsessA De VII rspr~seni u coudtoa Of tie Ir~a
st satisfactory. ~th quite sufclen % e~i a.
hsi y tie posiponemsui q Al eaofmoas aaoas, o.
- ~ syo asAisg tAe psessz CoaErss or money,
~eisy tri he Aoaasif4tll ~ 5e compelled % c3l
!, IS sa 90 Coag sssjs 20 srg poti
s,fssc taay ~le4sssf ts - r4laey gay
psssS col 0i tks ntxG ~ LocQfoeQ frsss lfoa