New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-07-22

London market, the Company having IN" -,
vorable proposition here for means enough 70 0a"o
remaining 800 miles Of the RoAd- The ioAn' noso -,
before the recall reaches London, vii! undouo''dy
have been closed.
The Vermont Valley Railroad from
pr,.,lebo-o to Bellows Pals Ia now doing very sood
bu.,pe Tic average earnings Of the frs, ten days 10
july are o. SEQ against $500 in same time last year
The freight earnings also nearly double
There is TO be a large sale OF Railroad
bonds end stocks at tie Merchants Exchange on
Friday at nooD by Simeon Draper, consisting o. tue
following bonds and shares:
$50 COO bonds Mansfield and sandusky City Raiosd ono'
80 900 bonds Chester valley Railroad PennsyNaa
lOfOtO bours Saratoga and Washington RAILROAD, ~
2OOOOO bonds Vermont Valley Railroad ,I
lOOf 90 shares Vermont Valley RalIoed eApha' $50
Tn Bonds enumerated are all projected by hrH
mortgage on the several roads, and draw Interest tno
rate of seven p cent per snnum, payable 'emisnnusly
In this City The fifty thousand dollars Of the hAnsheio
and sandusky Road part of an Issue OF s1JlOV1-
The Road Ia In operation for lbs whole length oil MY
seven miles, and there have been expended upon Hin
addition to the proceeds Of the Bonds, nine nunafsd
| thousand dollars Invested In its capital stock.
The Chester Valley Bonds part of an Issue oil
100000 The Road connects the hlsdelphia and Nor
rstown and Reading Railroads with the Columbia KAN
road % miles on which one million dollars have been
expended The Bonds are convertible at the option Oh
the holder into preferred stock entitled 70 Perpetna
dividend of eight cent before any other di'dend'
are paid
The Saratoga and Washington Railroad is within the
boundaries of State, connecting tue iaaniona'
bic resort Of Saratoga Springs with whitehall at the
head OF navigation on Lake Champlain and the termt
nus Of the NJrthen Canal The main road Is iortyone
miles long, in addition branch connecting IL With the
Vermont roads and IL has connecting links with the
Hadion River and Central line of Railroads OF this
State II owes about six hundred thousand dollars and
its earnings last year. after providing for iis Interest,"
were sufficient to the payment OF dividend OF
six u cent to the stockholders The business OF the
line will doubtless be increased by the Pittsburgh and
Montreal road which will be shortly opened for travel
This Road we believe has floating debt, and has re-
Gently passed under the Presidency OF Mr. Geo. L.
Schuyler.
The Vermont Valley Railroad extends from Brattle.
boro TO Bellows Falls twentyfo niiles and Is part Of
the main trunk from Eew-York by the New-York &
New. Haven and NewHaven & Hartford, &c, lines, to
the White Mountains and Lower Canada. !, has been
built and equipped at a cost of than one million
dollars Its debt Is $500 OOO of which sllIGOO bear
and the remainder p cent. q snnum. The road is
In operation for the whole dis,ance and is doing rap
| idly Increasing business.
The Madison and indianapolis Railroad
has declared a semiannual dividend Of five per cent,
ayabe at the Office of Messrs Winslow, Lanier Co.,
on the 25th inst The earnings of the road show
large surplus over this dividend, and range weekly
from sixty to sevenyve per cent over those OF the
| same period of last year. We had the pleasure Of
passing over this road few days since and had our
previous Impressions of 1t and Of the rich country
| hxxbtc n fpllv We fmnd all
along the line the evidences of the capacity of the
try to yield large traffic to this work. and Of the good
management Of Mr. President Brough and his Assistan
Mr. Cravens. The plane of mile and quarter long
at the River and the stupendous cut through the hill
by which reaches the table land, works scarcely
exceeded In magnitude by anything of that cass in the
United States. These works cost the State S6000O0
At present engineers engaged in exploring route
up the hill by which moderate grade maybe obtained
and the of the plane for passenger trains avoided
Such road will be built soon as a favorable
route has been decided upon.
At meeting of Merchants, at the Flour
and Grain Exchange, thh "wednesday morning, the
| following gentlemen were appointed a Commirtee TO
report suitable location for the Exchange E.
w. Durham, VIM. II. Powell, T. C. Darant Henry
suydsm, Jno L. Buckley.
The receipts at the SubTreasury were
s6o,354 paid s2,873; balance s4,44s,49S.
A new Bank has been established at
Charlotte Town, the capital of Prince Edwards Island
allied the Bank of Charlotte Town. The British North
| Amercan states:
I'VE understand that Captain Sleigh, the owner of
the line Of steamers from New York 70 Quebec has
completed srransements for opening Bank In Prince
| Edwards Island designated the Bask of Charlotte
Town" The capital Is limited TO 100000 and II Is 10.
tended TO aid the agricultural and commercial classes of
hat hne Island by advancing upon produce, the fish
cries, and unexceptionabe paper Exchanges will be
granted upon Halifax, Boston, New-York Quebec and
| other important cities as well as upon London while
for the convenience OF ALL small letters of credit, in
| sums Of 81, 81, and s., will be given upon the
| Agents Simeon Draper, ESQ.,, the eminent broker
and capitalist of NewYork is the agent and chief man.
ager OF the business connected with the Bank In the
United States. Messrs w. Elliott Co., of the British
Consulate, Boston, Agents for that city while In the
Island gentlemen of standing will form Board of Dl.
rectors, of which Captain Sleigh is President Ia the
application Tor charter provision 10 made for the cir
culaton OF notes OF small denomination, which will
prove great convenience As the Bank Is a private
one amply supplied with large resources no stock will
be offered for disposal. On the whole Prince Edward.
itsnd mas great cause for congratlaton In havinga
| proprietor who Is not only a large landowner but
gentleman possessing such influence, energy and com.
meTea enterprise as must prove beneficial to that
fOuTishing colony"
This is the first Bank instituted In Prince Edwards
Island, having immediate connection with the United
States Mr.. Simeon Draper Is the agent of Mr.. Sleigh
| in this City.
Mr.. Draper has just negotiated a loan for the Fox
River, CWisconsin') Improvement Co., bearing 10 y
| cent interest at les.
The movements in Cotton this week are
| az follows:
Receipts at all the ports from i Sept 2g77 8s4 300 i26
= ports al ell the ports from LIST Sept s6S24s
| Shipments rom Southern 10 Northern
| suck AZ an he ports. 1881 24,el4
| Ou,ol5 416l9
stocks in the interior. ............, l2AA ID 07
Messrs. Ward q Co. offer $4,000 of
the Mortgage Bonds of the Western Vermont Railroad