New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-07-16

r,lfN =, --i,h an enesgement Of / 600 bbs.
-, h.,Linq Institution has been organized
AZ BpfF.o under the title OF the Marine Bank
Geo,ee Palmer. ESQ. has been elected President
"a f.o,M Ganson Cashier. 1t will commence
49,, .bout the 18th Of next month. The capt
49, "a sl7O OOO all taken by the Directors.
-, $3.50 and Rsritan Canal, aud Camden
and Amboy Railroad and IransPo'tAson 20 nave
declared a semi annual dividend Of v co. payable
on the 18th INST ,.,
The entire amount Of coin shipped from this
mort since January is sS'4s2'9Ji'
Tho books of the Hudson Manufacturing Com
80, ara now open for an increase OF capital stock
~ saoO 900. This Company is successfully en-
80 n the manufacture OF every description OF
90, pe,cbs merchandise. The material is ap-
rEcsbIe TO 90 many uses that the extent Of the
hn.ine,s of this Company would seem 10 be al
most without limit.
hon. James Fl Goldman, President Of the Belle
sontsine and Indiana Railroad Company, has
eo,isted with Messrs. Winsow, Lsnier & Co.
$40 900 of the Seven Per Cent Bonds Of Shelby
Countv. Ohio, which were Issued by the Commits
sioners Of Shelby County to the Railroad Company
in payment of subscriptions for stock by authority
of the Legislature Of Ohio. The Bonds are for
81 900 each The principal is payable il 1865, and
the interest in this City semi-annually on the LIST
DAYS of April and October. The Railroad Com
pany guarantees the punctual payment OF the prln
cipal and interest The Railroad Company also
agrees to pay the bonds in the capital STOCK oil the
Company. at par, at any time before the hcst day
of April, $50. The law max es il the imperative
duty of the Auditor and Commissioners annually
10 assess on the taxable property OF the county
such per centum of tax as with the dividends on
the Rail Stock if any will pay the interest and
create such sinking fund as, IN the opinion oil the
Commissioners will ultimately, with the proceeds
of the stock, be sufficient 10 pay the puacipal
This tax can be applied 10 the payment OF interest
or principal las the case may requrre) on these
bonds and to no other purpose whatever.
The County owns real estate worth s30OOO
and is wholly free from debt except these bonds
The population Of the County is about 10000, and
the value of the taxable property therein, in ls49
was 90 1895. The Bellefontaine and Indiana
Railroad Company was organized in the all OF
ls4s has survey ed and located its road mas let
the grading and masonry on % miles OF Its line TO
contractors upon which the work Is progressing
RAPIDLY Forty miles more will be let this Fall, and
it is ex pected the whole will be completed in two
wears from the ensuing Fall.
This road is about l 2l miles in length. The es
timated cost Of preparing 1t for the reception Of the
iron is $4,000 per mile, the contracts already let,
however are below the estimates,l or in the az
eregete $3.50 900, Of which S43s000 is already Sub
scribed BY responsible subscribers ia Ohio, and the
remainder will be subscribed as fast as needed
IL is one link in the great chain Of railroads from
the Eastern cities 70 st. Louis connecting at its
Eastern terminus, with the Ohio and Pennssyl-
vania Railroad, and the Cleveland, Columbus aud
Cincinnati Railroad, and being the only Railroad
from that point West to the State iiae Of Indiana,
where it intersects railroad in progress of con-
struction to Ind apos and Terre Haute lt passes
through one Of the finest agricultural and grazing
regions Of Ohio The grades are very low laoolt
seventeen feet 10 the mile There Is one straight
line of thirty one of twenty, and one OF seventeen
miles on the route and the whole increase OF dis
lance by curvature over an air line is only ire
miles, From the favorable location, connections
and cheapness of construction tbs Chief Engineer,
w. Minor Roberts, estimates the net incoms OF
this road at 20 y CO. per annum. The iron Wi 0s
heavy L rat.
At the annual election in June, the following
gentlemen were chosen Directors of the Michigan
Southern Railroad Company:
George Biss SpTiu sf-id lass Claces b lusri John
B. JEWS, Edwin Lichhso, Ne~-f JfS Ciy hlsn
White. Saratoga County William b. Asrcy, A9'ayi
John SrykeT Rome; Elisha 9. bncnhe1, DeuOI mlcn
Charles Noble Monroe, Mich
Alta subsequent meeting Of the Board, George
Bliss, ESQ. was reelected President and Charles
Noble was appointed Secretary, and Edwin c.
Litcbfeld Treasurer of the Company This Com
pany ia going on very successfully 10 the work OF
extending their Road % Chicago Several cargoes
| Of iron for the section Of new Road between
| Hllsdale and Codwater, have recently arrived at
| Quebec, whence it is shipped to Monroe and To
| ledo, AID will be laid down upon the Road within
the next sixty days. Ii is designed to open the
Road to Coldwater by the first day OF 5epte nber
! We learn that at recent meeting oil tue bpAeI oil
! Directors the route of the Road westOt CJldwaEer,
for nearly thirty miles, definitely located, aud
the work from Cold water % Stlrses, dlsIance OF
! 25 miles is under contract, To be completed and
opened for use durisg the Fall OF tue present ear
The iron for this section Is already purchased Inc
! Road when completed 10 Sturges WI Do "thn
! % miles OF Mottvie, in Michigan aud Bristol 10
Indiana near which place 1t will cross into tue lat
| ter State
The Souih Bend Register In an article copied
into another part Of this paper, contains me
org sniza alton aud proceedings oil the Nortn ira Ia
diana Il abroad Company, from which II appears
that that Company has voted b. connect her rOtl,
At the State line OF Michigan, with the road Of the
southern Michigan Company. The Laporte C0un
| ~ Uhig and other Indiana papers contains ths
proclamation Of the Governor OF Indiana, anhollc-
Ing the lie gal ANIMATION OF the Northern Indiana
Railroad Company and us compliance with the
reouiremen ts Of the act under which Y u la'0rpOrF
ted. The latter Company s road extends To Nchl-
gan CITY and beyond that point the Michigan
Southern Road operating under the Western d.
vision of the Buffalo and Mississippi Charter, Is
already at work aod has twenty miles uader Goa
trnct. 10 be done by lst December next tnus
linz bv link the Michigan Southern Company is
completing its road from Lake Erie 70 Chicago
and il will be but a short time before passengers
leaving New York for the Far West may travel
by the Erie Railroad to the Lake and on the south
shore of Lake Erie to Toledo and Monroe, then
passing over the Michigan Southern Road TO Ch'
Road to the Mississippi, while isht and passen
GERS from the immense Northwestern regions vii
ind their way over the same thoroughtsre 70 New
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