New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-05-13

deemed hy the State and bids of os 0IO0 were made
the Board for them Although pronounced void by the
highest judicial authority Of the Stats, such the uni
versa confidence in their ultimate redemption BY tho
State that they viii probably continue to bear sspecs-
la.ive value at par. The State has received
more than par for every bond Issued and has the money
now in the Treasury and viii undoubtedly reimburse
the holders of the certificates Meanwhile 1t becomes
question of some interest what viii be the action Of the
Superintendent Of tie Bank Department where nearly
al these certificates lodged security for crculas
ing notes he considers them longer asthe ample
security" which the law requires, and calls upon the
bankers TO replace them with other stocks il viii IN
doubtedly- cause much embarrassment and perhaps
some bank SUSPENSIONS Most of the banks however,
have only portion of their securities in this shape and
even the circulation thrown back upon the Bank
Department. the assets would in most cases, be su-
cent to redeem 1t all The amount Of these certificates
In the Department is said to be 81 and Ii is most
probable that the Superintendent will feel 1t to be bis
duty to call upon the banks to replace them with Gov
srnment and New-York State Stocks.
Land Warrants are not plenty and rather
firm Those of leo acres 60 at ei250sl3 The effect
of the passage of the Homestead bill will probably be
sooner or later unfavorable upon Warrants.
Tomorrow Thursday Mr.. Simeon ORA
per will offer for sale at auction of the Bonds
of the Buffalo, Corning and NewYork Railroad They
bear p cent interest, payable scmiannually In New
York The Trustees are Messrs J. A. Stevens, :! g. T.
Stranahan and j. A. c. Gray. The Bonds are convert'
BILE at any time within five years OF their date, wncn
gives the holder opportunity of participating in the
success Of the Road The Road extends from Corning
on the New York and Erie Railroad to the City of Buff
fao distance of 134 29l00 miles, and will, when COM
pleted FORM in connection with the NewYork and Erie
Railroad one of the most important and direct thor
ouehfares between the Cities of NewYork and Buffalo
and the Far West and win connect at Corning with tins
Corning and Blosburgh Railroad being relaid with
rail- which extends to the rich iron, coal and lumber
regions of Pennsylvania.
Il passes I'D the fertile valley of the Conhocton River
to near its source at the norhery line OF steuoen Co.
distance of about As milespassins through the village
of Cooper's Plains, Campbell, Savona, Bath, Kennedy
vile Avoca Liberty Corners, Conhocton and Wayland,
thence through Springvater Conesus, Livonia, Avon
where it crosses the Genesee Rver and Caledonia, in
Livingston Co.. and through lie Roy and Stafford to Ba-
tavia in Genesee Co. From Batavia the line OF the
Road passes westerly in nearly straight line TO the
City Of Buffalo.
The cars are running on % miles OF the ROAD
west from Corning and it is expected to have the rails
The Road under contract to Batavia, and 1t Is believed
1t will be completed within the present year.
These Bonds are Dart of one million authorized to
be issued for the purpose of completing their Road, and
are secured BY a first mortgage on the entire Road
When the whole of said Bonds shall be issued the
amount of incumbrance on said Road will be something
lees than g. 500 per mile.
Transfer Books of the Northern Railroad
a. ofEoa re
Curtis, Beals & Fearing
The receipts of the Michigan Southern
and Northern Indiana Railroad In April WERE
Passengers .-----------.cls,I2s
s4s,5aa
April, 1851. ...-----.-.-..-..---. 2lo'S
Increase ACKNOWLEDGEMENTS .s2boH
The increase in passengers Is nearly four hundred y
cent The iron for the twenty odd miles of the route at
the western end, done plank road, is all on
the ground and will be laid this week. when the entire
line from Toledo Chicago, will be completed and 10
working order.
The receipts of the Michigan Central
Railroad Company for the month of April In each OF the
past two years. annexed
MICHIGAN CENTRAL RAILROAD.
Receipts passengers 10 oO'o0 81
Total receipts 1886 80 s57 POI SO
Decrease. ACKNOWLEDGEMENTS %
The number passengers carried during April 1851 1885
1he number Of carried during April 1851 Is Ss5
Decrease in 1852.
The receipts at the Sub-Treasury are
S6so25; Payments s25,s Balance sS,5S365' Fl
The Illinois Central Railroad Co. have.
made further purchase Of forty thousand tuns Of rails
low figure one half cash and one half bonds, at par
This makes fifty thousand tuns purchased about two
thirds of the entire amount needed to iron the road
The notes of the South Royalton Bank
of Vermont the first bank organized under the Free
Banking law Of that State not redeemed In Boston
by the Suffolk Bank but are taken here by ell the
brokers at the rate Newly State money The
issues of this bank well secured by deposits Of Vg
MIA 6s and the the Suffolk Bank does not take
them because the usual arrangements have not been