New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-03-28
COMMERCIAL AND MONEY MATTERS
For Sales Of Sock. Sc s~ Fourth Psse

o
tina, the in,eres, will be paid in July next 1t appears
10 be question 10 the street whether II be good policy
10 any road to pay lnteres, s stock while the Com.
pany 10 borrowing money TO carry its operations,
and while 1t has large aostng debt 1t lie certainly
fair subject for difference OF opinion whether 4,
would nc, be better defer the payment Of interest
until the road the money, rather than increase
the permanent or Heating debt for that purpose
The payments at the Sub Treasury to-day
were. .--.-.--.--...-sl4,l2 l
Receipts leO
Balance -.-..Z 1888
Ia Exchanges there is no movement, but the
market 10 held rather more firmly. The decline 10
American Stocks the other side will cut of this
source Of supply OF Bills and the decline in Cotton
and Breadstufs will check to extent shipments
Of these staples We shall no, be surprised to see
little Improvement for Sterling by the steamer after
the next
In Freights there is not much movement. Cot
ton 10 32daid. Corn 81, Heavy Freight 22s dd25s,
with moderate engagements To Hsvre, Cotton IL very
dull tic. To Antwerp, 100 bbl0 Ashes were engaged
at 35s.
This has been one Of the quietest days In the
street for time. The severe storm kept every
one Sthn doors who was not driven out by strong
necessity aud borrowers to-day had TO pay for their
wants. Firs.clss' paper sold at lOdl2F cent.
The report brought by vessel from San Fran
cisco to Panama that FIVE millions Of dollars Of gold
dust waiting shipmen, there. created some feel
ing at the Second Board but II very generally dis
believed. There Is doubtless large amount of gold
ut San Francisco but according to the best accounts
il cannot exceed two millions Of dollars. No estimate
Of the whole amount collected has reached five mil
lions, and much of that which has been brought into
n ..lxI
Islands and to the coast Of Mexico and South America
for the purchase Of goods The Pandora took large
amount also, for England, and the storeship Licking
ton 100000.
There 10 a flow of Specie from the West to the
extent Of $4,000 to 5000 y day. and considerable
amount is yet to come. There also receipts
from Canada but the balance of trade with the South
and East 10 no longer in favor sufficiently to
Specie. Our Banks have probably much coin in
their vaults a. at any time within three months.
pamphlet has been published giving the COM
plant filed before the Supreme Court Of NewYok In
Equity of Charles Henry Hall behalf of himself and
other creditors and stockholders of the New York and
Albany Railroad Company against the New-York and
Harlem Railroad Company, Jacob Little and others.
This case will up for another hearing on Monday
next 1t appears from the complaint that In 1881 the
Harlem Railroad Company was chartered 10 build
road from Thirty thirdst TO the Harlem River, and that
10 1892 the New York ard Albany Road chartered
TO build road bstweon NewYork and Albany and the
said Road built for the distance Of two or three
miles from Harlem River and surveys made on por
lions OF the remainder Of the route. This Company
got into debt and suspended operations The com
plant charges that In l545 fraudulent election of D
rectors was held the plaintiff and his friends put out
a new Board elected and that the new Board, through
A'pheus Sherman, the President sold to the Harlem
Company the piece Of road right OF way &c and other
assets Of the Albany Company for $4,000 and that
was sso agreed that renewal of the act OF ncorpo
ration should be applied for that the said Company
would expire and thus get rid Of It's creditors, stock
holders &c. The plaintiff states tina, the Albany Com
psny were indebted 10 him in the Of $4,000 for
norton of which certain bonds given to him, and
that the balance paid to him by Jacob Little Presi
dent of the Harlem Company and for which he gave
receipt in full. The bonds received for portion OF
the debt have been paid by the Albany Company,
and the plaintiff now looks to the Harlem Company
aud pray
Asrs Rslroad COMPANY sid New Yors and Harlem Rso'd
yosd cnpapy and Little and bis ADD thsr solicitor ooun
. agents. officers. servants and oil others "a ei, emp or eS't
Ana, Railroad company be,~eea the Harlem River and Tie
North ,.'sy soS.s .. cdSss, So.os Of from
20 ,he. me rest.osd BY the injunction OF this Court from Tar
psrt ober~.e sposog or 70 any m-nnsr s
,s "s any Z, h.s Sssa purchased and
Albany Company whether the same consists OF s rsoao
,ssss s@aa transferring of the
s,,, or s.... Of said Conp.ny hs
son or under their eou,r Aud also Of sad property
may spponted b this Court ard that sad APhsus sns,
com, With the ranf ADD proper Other efse,o'
sOd IN The And s a.. nav
into I'M. Cous disposed OF that said be dscreed 10
p ~. Ne. Yo and kiSsDy Railroad Company closed and
pursuant to the statute applicable TO
The facts OF the case, as We understand them are
tina, Mr. Hall settled bis claims upon the Company and
gave receipt In full for all demands, and that the
Harlem Road bought and paid for the price of road
and other assets Of tho Albany Company from the
rsgua,y appo,ned authorities of the Albany Road and
possess deed for the same. that there were then no
judgments against the Company. and that with the
Bond issued by the Albany Company the Harlem Com
pspv assert had nothing TO do. The Albany Company
sxnrsd n,olyeut OF its own limitations and the credi
tors and stoc thoiders alike the losers This mat
Ter only involves fifteen thousand dollars " tue
mos,, and has had effect upon the stock
Ayo,e was recently taken in Dearborn County,
Ind whether the County should subscribe s2OoOooo %
20 the Ohio and Mississippi Railroad and decided In the
neyst,ve-l 237 10 l02s. Thereupon the towns Of Au
ror. and I.swrenceburg immediately held town meet
,ns. and voted a subscription of 100000 each The
County Commissioners of Dearborn, sat'ned mar the
mn, vail understood by their fellow citizens,
.f,.rwsrd ordered another vote Knox, Ripley, Jen'
ming, and other Counties Interested have agreed upon
,hcir ptions by large msjortes The Dill giving
corporate powers to the road adopting the provisions
Of the Indiana charter passed the Ohio Legislature on
the 5,h inst Under It, Cincinnati receives the nece'
sary authority to subscribe slco,oV.
A company of gentlemen OF Cincinnati nave
made arrangements for buildpS ship at 'sneeouIs'
sbou, ninety miles above that city on the KENTUCKY
aide OF the river and resbting her Tor foreign p'''
with ths products Of the West
The earnings of the Macon and Western Hail
road for December, January and February amount 10
sss7e4 "a, sssins, s46s65 Is for the corresponding
months Of last yesr-equsl to an increase OF - cent
Should th. increase of business be sustained inc net
earnings Of the Company the present year WI" 10 ."
least 900, Ooo-equal to l3i y cent on the ''oeh'
AT Boston, the Banks are discountlng VIII"
,,h., moro freedom but street for Money are