New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-15

fer the following explanation Of late msrep-csentskoa
from the columns Of Tks 7rissss"
II would be more courteous OF Tie Com~svrisi 10
smire the matter before charging contemporary With
usrspresent ston- Tia nlbsss made no r-oreseues-
non Of sny kind excepting in publishing illegal decsos
copied srom tie records Of the Court That decsios
considered important and puhlishedn for the In
formation OF our readers. We consider il estab-
listing the principle that every step in the formation Of
srailrcsd under the General Law should be bona 6ds
and taken in good Faith. We have reason yet
to change our opinion
The New-Orleans Gas Light Company has
declared semi annusl dividend Of ten per cent. one
half from the profits the remainder from the surplus
assets OF the banking department The Planters Bank.
and the Marine and Fire insurance Bank both Of g.
vannsh' six percent The Central Railroad and Bank
ing Company Of savannah four dollars per share The
Bank OF Savannah. four per cen,
New-fork owes much of her presminsnce
t her favorable position bur she never would have
grswn rapidly. would her commerce have
reached It's present magnitude but for the Erie Canal
opening to her the Lake trade And wonderful AZ her
prosperity has been hitherto. her prosperity must sli
advance in sn increased ratio the trade Of the wess
ID more and more opened to her, through her and
tributary railroads.&c. Erie the Michigan Central
shore. &C, &c. Moreover these roads promiseto be.
and in fact have become the most valuable securities
for permanent investment; not only because running
through fertile and rich producing territories they COM
mand large amount of business but because some Of
them running prsire lands the cost OF construc
tion is not nearly great that Of more eastern
rceds-such. for instance. the Southern Michigan
ard Northern Indiana which, understand. cost but
little more than onehslf the usual of railroads per
mile. Consequently, other things being equal, these
prairie roads must yield much larger profit to tho
stockholders.
Bu, il Is no, in the light of good safe securities pay
ing large dividends and tempting the capitalist that
row look at them; although rejoice to hear OF
their prosperous condition because IL Is one Of the
indications Of fourshing trade but rather as
great highways pouring into the lap of City the
wealth of Continent BY these roads produce, that
would have sought other ports by long and tedious
water transit have been locked up by the winter In
the Interior mey reach own scaboerd In an
anost incredible short space Of time. and In the
dead of winter and be always ready for any favorable
chance Of trade The increased facilities that these
reeds sftsd to immigration, moreover, invite to the
settlement and consequent development of the re-
sources OF the West and return upon the fruits OF
industry we, without them, would not realize
The Ohio and Indiana Railroad, which ex-
tends from Cre.tline ON tho Cleveland Columbus and
Cincinnati Railroad at point whore the Ohio and
Pennsylvania road touches the same s in fact cotin
uston of this latter ready to Fort Wayne In the State
Of Indiana l3l miles long, Is rapidly progressing to
completion The whole line is under contract for grad
usiion ard Masonry About 800 hands now at
work on the line, 1t is expected the grading and
bridging will be completed in June next This road
trav,res region of great fertility at present without
facilities OF transportation to a market. The line
one of the mos, beautiful in the West being nearly In
IT, entire course line the length IL less than
ur miles greater then air line IL expected that
the Company will begin to lay down the rails In July
next and csmplots the road early In ls54 Such isthe
adspcdness of the country passes over to the con-
strction of Railway that the average coat OF grading
and bridging will be less than LOCO per mile. To OK
tend this line Of Railroad from Fort Wayneto Chicago,
a Company has been duly organized under the Gen.
eral Railroad Law Of Indiana and a large amount OF
stock subscription obtained corps OF Engineers are
now at work locating the route This part Of tho line
will eput under contract early next year This Will
be the shortest line by rails from New York to Chicago.
by 65 miles any other line
The arrivals of gold in England from Aus
trra continue to be large. The ship Dido Is reported
On her WY with $4,000 ounces equal to IL tuna worth
over five and half millions OF dollars Several other
vessels with smaller amounts are on their way.
The sscertsned yield Of the Melbourne Mines 10 tho
3lst July amounted to 50 tuns weight or In exact Fed
eral yac 10 SOS $40 $40 and NJ the sydney MINES 70
sl25OOOC0 A further of $5,0O0,0O0 IL set down
TO Adelaide South Australia though taken thence, for
the part by miners from the Melbourne District
The aggregate, therefore, stonds thus;
Al Melbourne 50 tuns SIS 3i2, 800
SYDNEY. 26 tuns ~ 5000
Adelaide III tuns...... 10000
Grand total. 80 tuns s42,el2,tU
Besides the Dido just referred TO- two other ships tho
Enobsntress and Lady flsre, ON their way to
London having together 81 100 900 board The