New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-01-06
The Express in its Editorial columns says


about sJooOOoequs to Is per cent on the cost Of the
road.
The Express in its Editorial columns says
We e, ,sas od s as' A. T b, coaS .e e
fore bundho,rs MP proposal any knd
hss been made Tor 20 desrsbie an event
No one has asserted that compromise had been
made between the Receiver Of the Company and the
bondholders The arrangement which has been made,
and which have several times alluded, is between
the stockholders and the bondholders. This compro
mise has been made far it be at present and
party deeply interested about TO proceed to Albany to
obtain the passage of bill logalizng the arrangement
There are cash belonging to the concern In the
hands of me Receiver to the amount OF 100000 and
other assets of doubtful value to the amount OF four
millions The amount Of bonds under the arrangement
is about s70OO00 and the capital stock is about the
same amount As we understand the arrangement, the
assets are be equally divided, which il is expected
will give both parties 80 per cent II the Editor Of the
EIWess had consulted his Commercial Assistant, he
would not probably have written the paragraph quoted
above and thus sshed previous statements in his own
columns.
The New York aud New Haven Railroad Com.
pany have declared dividend of - per cent. This
dividend includes the iuieres, up the date of the
opening of the road. The regular dividend days here
after will be the 10Th Angus, and the 10Th of Febru
last six months The Columbia Insurance Company
Philadelphia, per ccnt.--.1he Bank OF Pennsyvania
ssemi annual dividend of per cent,
Henry Ridgey has been elected President Of
the Farmers Bank of Delaware (stste) to fill vacancy
which has existed for several months by the death Of
Jonathan jenkins.
new banking institution has commenced op
CREATIONS at Essex, Conn called the "ssybrook Bank
Hon Samuel lnghsm is the President, aud Edward L..
Pratt the Cashier. The Manufacturers Bank has
commenced operations st Birmingham.
We have before alluded TO the highly important
work which has been projected for the purpose Of
forming a connection between the Atlantic and Pacific
coasts at the Isihtnus OF Tehuaniepec. The original
grantee Of the risb, from the Mexican Government
Don jose do Garsy has arrived in this City for the pur
poe of consultation with the friends of this great pro
jcci, and for the purpose Of pushing It to completion
with energy. II has been determined TO present its
claims strongly TO Congress and a highly Influential
and wealthy party is in Washington with the inl
details and statistics of the pan for the purpose OF pre-
senng its advantages in comparison with other plans
before sny action is taken for extending the patronage
OF the General Government, TO mail route between
the two sides Of the Continent 1t is matter Of large
Importance 10 this country that the most feasible eS
peditious and least costly plan should be adopted for
placing the United states in connection with the North
West Coast of America and there should be no hssty
or premature legislation by Congress In regard 70 the
matter All the plans for that purpose should be fully
examined by competent COMMITTEE, and i1l time
given TO projectors explain the advantages OF taeir
various routes Don Gsrsy has row large number OF
workmen engaged In the preparation OF carriage ROAD
across the Isihmus the purpose OF conveying mate
rsl.. sc. for the proposed work The Original proPo'
ston WAS for ship Canal but the present views oil
the holder. Of the grant that Railroad ~"ud oe
more iudicious such a road, tie estimated, could oe
built for three m ilhons Of dollars, while Canal "os1
cost twelve millions Il has been urged against 'ns
project by the friends Of other routes hs, ms gran"
l. In the hands Of British capitalists This IS We have
before stated untrue The grant Is IN the hsnds OF
Americans, who are represented here by one OF our
weslthesi commercial houses
On the Atlantic side Of the Continent the port rs be-
fore said is CosiEacoslcos Ia the Gulf Of Mexico ia
tate IL : ~ north longitude "a H. west OF Green
wlch, about 60 miles from New Orleans The depth
OF water on the bar Is under 20 feet and the river
saori. large and safe hsrbor is depth for consider
able distance being - to 40 feet 10 comparing recent
soundugs With those taken by order Of Hernsndo Cor
tez 4, will be seen that the depth of water on the bar
hiss not varied and that any work 10 Increase It's depth
irequired will be permanent. In the year ia this
port was pointed out by the engineer Craaer 10 the
Spanish Government the test place in all the Cult
Of Mexico for the establishment Of an arsenal, pos
sessing abundance Of ship timber on the banks oil the
river i,sef with a convenient, and safe sHoor In
iormsr times IL would sppear that the pinus soes used
u !be dockysrd Of Havana in the construction OF