New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-06-12

lie and INDIANAPOLIS and Belleionttlne haiiIodI
conran.es for the month OF May. are:
Peru and Indianapolis-P ssengers---.---si9 -
Free ght-------------- i'' so
Total ---.-----.- S663 -
r. ,.,-li,ssr1 perofontaIne-Passengcrs Sil4 -
'''' Freight 2ts $
Total --------s653 s.
The survey of the Buffalo and Conhoc-
tor. road has been completed through Genesee Co
We learn from 4 letter, says the Pits
,.r- co-,,,,. Of John Gabraith, President Of the
franklin Canal Company, That that Company h.ss To-
o.,o4 ,bo,r line Of railway between Enc and the
ONO state Line that the right of way has been oo-
t..nod from tie land owners for scyen-eighihs o.
No. If Tho whole distance. some paid FOX in cash,
.orn. IN agreements to be paid for when possession
i.t,ten. others at future day, and some IN ceruh-
cate. OF stock in the company issued and delivered
tbata contract has been entered into by the Cieve-
land Paincsyillc and Ashtabula Railroad Company,
for union of the two companies on four foot ten
inch graqe. the entire distance between Cleveland
and Ere extensive and minute IN rs details, highly
advantageous TO the entire line, and mutually so 70
bclh companies and irrevocable but upon the con-
con, Of both based upon Just and honorable prncl-
pies and contributing largely TO the successful pros
ecution Of The work. and bringing with IT important
Aid and influence from extensive Western interests.
4 meeting was recently held at Houston,
Texc. 10 take into consideration the question o. the
state debt Among the persons present were Peter
W GRAY. ESQ. candidate for the state Senate FOL
lowed by Thomas Harris ESQ. for the lower
House. Dr. F. Moore. editor Of the Te'egrlp4 ami
Eoysiag star. DO James w Scot ESQ. present
Representative Mr. B. 7 Tankersley and Peter
Bellies. CITY Alderman. Mr.. Gray, the candidate for
tho lai az
about $l2OOO000. but was IN favor Of scaling down
TO about s6.5oOOGo lie talked the usual clap-trap
about "morcenary soulless and graspms specula-
tors" and said
He believed In paving such men the full amount
of their equitable clam. and 10 more and before
he would vote or give MS voice TO any sther course
az nolcy IN having the creditors of Texas the mo-
new T. e. the five millions reserve fund. might re-
man In Uncle Sans stronghold until such time as
these vulturc-lke creditors were wiling 10 receive
what was eQuitably and justly their own. Texas
was able and wiling to pay hcr deols, Oui she
would submit TO the dlctstOn OF no one IA the mat
ter she irouid not Tcpufiqte, neither would she oe
bull ed beaten or driven to any course Of ad-
iustmcnt but what in strct accordance with
The immUtahle principles Of justice. She neithef
feared the froWns nor cOurtct the smiles OF any Iaen
or country but with her debts honestly pals she
would have surpluSagc arising from the sale OF her
territory TO the United States of three good millions
Of dollars. to appropriate TO the purposes OF eluca-
ton and internal improvements.
The other speakers echoed the language of Mr..
Gray Another meeting was TO be held on the 22d,
atwmch Memucan Hunt was to speak. There is ev-
identity strong party in Texas in favor Of repudla-
ting portion Of the public debt.
The Buffalo and Brantford Railroad
Company is ow fully organized and the SIX
per cent required by the charter paid Hon. James
Wadsworth has been chosen PrcsideRt and A. d.
Patchin and James Wadsworth, OF Buffalo, AlcEan-
der Douglass, of Waterloo, and A. Hutchinson and
Nj Crotchitt Of Brantford Directors. The route Is
about s. miles i'll length
In the report of the Engineer, Mr. Van
NORWICH Of the Chicago and Gaena Railroad, TO the
Company, he estimates the business of the Road for
the first year after 1t shall have been completed to
Rockford at------------------- -S2a2'000
Cost Of operating same time about -------- 100000
Making the net earning $4,000
The whole cost OF the road 10y that time viii pro-
badly have reached, $1,000,
First division -F1DOOOV
Second division. OBSERVATION-DISCLOSURES olo,0OO
Chicago extension and depot, &c------- 100000
Total .sl475.OOO
This would show net income OF about - y cent.
on the cost the first year after the road was IN ope-
ration to that point. MI. Van Nortwick adds. how
ever. that II is believed by many business men highly
competent TO estimate the future BUSH ess of the
road that the revenue VIII largely eXcee the above
calculations That part OF the road lying between
Elr,n and Belyiderc was placed under contract IN
September, 1880 BY the terms Of the contracts the
first SIX miles are 20 be completed by the 9Th day Of
June the next SIX miles by the 18th day Of July the
next twelve miles by the 18th Of August, and the
residue Of the line TO Dolvidere by the 18TH day Of
September next
NYarkets.-..C ARFFULLY RgroRrgD FOR THE TRIBUEE