New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-05-04

citizens not satisfied with the location of the line That
Court consists Of FIVE Judges Of high standing and but
recently elected by the popular vos The Court unan
imousy pronounced them valid and binding o5ligauons
Similar decisions have been made in other States mo
of this class Of securities recently on this Market org
mated In the State of Ohio. That State has always
sustained her credit and her citizens are not only
able but willing to pay their debts Rairoadsbave been
greatly needed there while the scarcity OF capital mas
made it difficult to raise by individual subscription the
means for their construction. Tho agricultural interest
being more benefited by their use than any other
II was thought Just and equitable that the cities and
counties through which they may pass should In their
corporate capacities aid in their construction Hence
the laws authorizing these subscriptions and the issuing
of bonds to nav therefor All such subscriptions and Is
sues were first authorized by vote OF the taxpayers
that being precedent condition.
This operates equally the entire property being bene
6ted has In proportion to pay therefor The csnss-
ouence has been that real estate within the influence OF
these works has risen in value from % to 80 cent,
particularly ia Ohio. The stock In every completed
railroad in Ohio is at or near par The STOCK held
by corporations in the line of railroads constructed by
Mr.. Kelly in the State of Ohio can now be had at or
above par and thus they may retrieve their obligations az
profit They are in the receipt of dividends to an
amount much beyond the interest they have to pay
There is little doubt but the stock in all the leading rail-
roads in Ohio will be at or near par soon after com
plctiOn.
The City of Cincinnati in 1884, during the suspension
of specie payments purchased coin at premium of IA
~ cent and cent it EewYork at additional cost OF
~ cent to meet the interest her bonds. The effect
ofthe laws authorizing these issues Is such as to make
them operate in the nature of deed of trust or judy
ment against the real and personal estate within the ro
specys counties and cities with most summary reme
DIV in case of default The amount issued by any one
Corporation rarely exceeds 100000 with an amount OF
taxables ranging from three to twelve millions of dol
lars generally, owing other debt whatever.
The newly adopted Constitutions in the States OF
Ohio and Indiana absolutely forbid the issue Of any fur
Their amount of these Securities The consequence will
be- and that soon that there will be no more OF them on
the market and these now issued will command much
higher prices They always issued to and guaran
teed by the Railroad Co, to which they are given.
We doubt whether the aggregate Of these Securities
in all the States exceeds fifteen millions of dollars.
Exports of the port of New Y ork for the
week ending Maya
bales Cotton 664 bis Flour aal2 DO Naval Stores
a DO OIL c1e do Tes s 5 S Bs & ,C 10.
SKINS aud Fur cases cocs tc. LOO bags satpe
DO Char sgh 1858 ID Manufactured Tobacco 20 b1 spsrma
Lr.srocl~s6l7 bales Cotton 1913 bbls Flour 1903
Stores 10000 Slaves 1887 bushels Wheat 634 do Corn 40l3
uns Fus,ic 10 casks Bones pigs Rubber
Tips 24 ID Wax 500 do Manufactured Tobacco Csl
bales Cotton ll6tcs Rice, 1000 bb Flour 1855
DO Naval Stores case rSu5e' 100 10 mnd Tobacco % 5'
Goods 100 sa Sperm OIL cOches Wood cases Clocks, do
H.vns2on bags Cotton Q6O Rice AZ tb Ashes, % DO
Beef case ss OIL DO furs do Wac,ss DO Pictures DO
Clocks a Lag Oars Spar le s Cedar 40 bags OAK g,rs 30
BarAss-2ls bales Cotton, 1920 bush; Rye
81 do Ashes 10 do Lard 2 mhosany ol 900 ID oswooi
rage. $40 n Mauuias,ared Tobacco ia bales woo
Saves 80 bb Naval Stores "A bags Coffee
fee DO Tea do Refined sugar. S do Cheese 10 6S,
Pork $500 ID Leather 573 DO Lard 100 do Snuff $3.50 do Manu-
Turentne S7s bundles Wire u hhds Tobacco % b coveeed
boys Acids 100 gal Rum, 200 Cement 10 Matches pks
PIGS Peruvian ns ssl O. eSSe Is cs.is spirits us 20
DO moa.ses GO 10 cassa, 10 SKIS PORT wne " bags Nuts
bb Onions ITO boxes Candles ssss Paint Copper b
RS t ss Ts Il & hd % sn Ho ,aH p s
and % hits Picked Fish, 9s pkss Hardware do saddey, do
d. che Casks ENC IS case. Pewter Ware c s Whale
p Blooms @ R S 20 Biscuit Zoo 20 5Gs%, Psss 80
Furniture Il earsoys Aes 80 boxes Pss cash hss
prus' soss b: Hams: Of ceI, DO Ss1
feet Lumber spsrs cases Books do Brushes. IS s sperm
OIL pigs Leather Bellows. bundle Selves, bundles
Pumps, bb Whiting do Belins DO Fla5 seed 40 ms
cases Vines DO Linens DO sstns ls4. ms cassa
r1s5I b S I Fo% SG oSn Ms s s a
Lard DO Cheese $40 do Batter $50 do HAMS Il pAss Wooden
Bnlfr.n 6b Flour 40 DO Pork s3do Sea Bread
9odo Fckled Fish. bypkss Domeslcs, s@ 10 Batter 10 do
Axes 2o9s reFPsr Al les Rice sS bSs Candles o. DO wo.d
Vine . do Perumey q Oars 80 nests Trunks a b6 Flour
so sr'ss Matches Hsdwa'e y 1e Bes os-o nnnes
bales Hops rolls Mating ~ bb Potatoes Grapes 10000
Shoes 81 bis Naval Stores 8 plg. Nails. as5 Coffee 10
Hats, 8. bds Iron casks Wine, 10 bags Cocoa
ye~ey, Candles q Nails, bxs. Tacks Agricultural
II 80 pes and pSs' MacIey eSs s E s
R 40 rIf Na 81, S o' DO rs1e sa,r
Rore, 10 Paint Candles l7S do Soap, pks Do
Mu puncs oil Meal - 6 Beef ~ Bread
Is do Rye Meat iO ID Tea 10 do Pa3 hhds Tobacco so bags
Farscs wr.1 Ispnl5 hhd Tobacco 10 crates Onions 4.
ees Rice 100 bbls Com Meal 800 bushes Corr, Oil bags
D.su wrr hhd Tobacco, 100 bills Meal, IS
DO Rye 40 DO Flour do Beef % DO PORK do Backing 90
DO Rice le5 DO Sea Bread $50 KEGS DO $50 10 Lard $50 do
Leather Hams Mace DO Nut
coo boxes Soap no do Candles q. sa sgri' Tnpsnne
swrD.n wrsr ispIss-Sso bbls Corn Meal, sl7 do Rye
Flour, do Picked Fish. do Pork 50 Bread s.
KEGS Sea Bread, ties Rec, do. Beet, bb Beef Las 10
Refined sugar. IS tss Nails 1870 6ash Corn 6s DRIED F iS
do Soap $50 do Candles hhds Tobacco spks DOmssc IS
H.rrsls bbl. Flour do Rice IS do Picked FISH do
Soap los u Lard 1000 do Cheese SIS DO Butter 45 do Re
fined sugar 100 bags Coffee Sa u css II cAs Gum bundles
AsoIsTISr Rr,vstrc-oi pkss Biscuit Ia DO Domesc.
SSs Castor Oh box Maps 100 sal, WHISKY 400 LS Rec DO
100 boxes starch sou u Lard les doz. Booms, ~ bb
oss.s S9 g1s' Dsmss,ic' go bQSes Glass is DO sr.ts
fendeTs &c. ITO DO Furniture 10 do Hardware 81 Plank
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