New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-11-19

10 shsrs Manhattan Ins Co dividend Off .....l7
1876 shares New orb Ges Co ..........'''''''''i3
II shares Brooklyn Union Ferry %. ...'''''lM
So shares NewOwn and Bushwick Turnpike.... ~
n shares Glenhsm Manufacturing Co..........' 70
10 shares A paschicola Land Co 900 ecfes) .... y
10 shsres Phemx Manufacturing Co..............B
~ shares Nsw-Oresns 0as C0...................l2
s4sbsres New -0rleans Gas Co.
rs shares North Am. Trust and Banking Co...... Il
The balance in the Sub Treasury is about
s56ooo0o The Secretary is still buying the loan OF
1873 The disbursement of 100000 made few days
since, ives ior that purpote.
We understand that new Insurance Co,
with capital OF half million, is is to be established
in wallst Ills to be entitled the Continental.
The supply Of Money continues to increase
and loans are freely made at sac v cent on-call and
frstelsss paper Occasionally loan is made at lower
rates on Government and State Stoke.
Messrs Clark, Dodge g. Co. sold, to-day,
A75ooo Missouri and Georgia Stocks to an Illinois Bank,
The earning of the Rochester and Syracuse
Railroad Co. continue TO show large gain
October 1882. .sl0AOo0
October 1875. ACKNOWLEDGEMENTS. $1,000
Increase % 4, cent. s!l,OOO
or the Madison and Indianapolis Railroad
Co, the receipts for week ending Nov. -,
Corresponding week lS5l................... 7l2s Al
increase 30 " cent. ....................$2l7 III 50
Some alluson has been made TO the fact that
the Insurance Companies will insure Cumberland
Coal the Pacific and this hos been used to the preju
dice Of the Cumberland Coal Co. 1t s true that in
consequence of two three vessels loaded with btu
minous Coal taking fire the New York offices decline
such risk but all the English Offices take them without
hesitation Only of the vessels alluded to
loaded with Cumberland Coal aud in this the Coal
did burn excepting far il in contact with
the wood work of the chip The cargo was afterwsrd
taken out and sold In any event II this description of
Coal should be lahle 10 spontaneous combustion, IL
would only cut OF the small demand for hong voyages.
The Cunarders nothing but Cumberland Coal, and
find no difficulty and, moreover, the Cumberland
Companies have orders for home consumption for twice
much Coal as this season. they supply at large
profit
A new Express Co. has been formed in this
City with capital of $4,000 for the transportation
of money and other property between New.York, Al
hany, Buffalo Cincinnati, Chicago and 81 Louis. Tn.
Principal parties in the Company are H. Dwight Jr.,
VIM. A. Livingston, VIM c. Churchill Hamilton spcn-
Ger, &c twill be very strong concern.
We annex the reply of Mr.. De Peyster Og-
den the President of tie Nicarsgus Co. the pubhs-
zion OF Mr. Marcole;a, which appeared yesterday
COMMUNICATION FROM THE BOARD or DIRECTIONS
~ tie Editor Of 7Ae n. Y. Tribuaes
An article in The Eroaiag Post of yesterday,
headed Nicaragua and the Transit COMPANY has sur
psised many of It's welinfoTmcd readers as much IL
may msead those who though ignorant mNny OF the
points referred 20, are not the ess interested in Knowing
how far they are 10 be relied upon.
The whole matter rests upon the question whether NJ
Narcoleta l. or s authorized by hs Government 70
appoint arbrstors TOR the adjustment of accounts
at far from correct that controversy Of a serious
nature has been for time going on between the
Government of Nicaragua and the Accessory Transit
Co" The Company has received no notification from
thar Government from any other as 20 the
forfeiture of its charter II cont ,mpste the pos
ability Of such an occurrence while a. heretofore the
conditions OF that charter have boon only complied
with but anrcipaicd
The Company has never refused to pay to that Gov
rnmort the tenth Of profits due o. her under the
charter; but the contrary, and Immediately the
arrival OF her Commissioners this City every book OF
accounts and every document relating % the business
was unhessatingy placed at their disposal while every
facility was enderod for examination and explanation
umsy easily be supposed that in entering the first
settlement occasional differences ofopnion mi ht arise
TO what should lie considered profit" Such il ife-
qnenty me case In arranging tn simplest private trsns
scrons between Individually and was far moro TX IL 70
occur eetwccn the representatives. of Stsfe ami ,m
pany, inasmuch the 6rs settlement would form thc
precedent ON which all subsequent accounts would pro
baby be adjusted.
Mt. Manning, Ss Commissioner from Ni.srny,,A con.
sderod t his duty 10 claim for ihst Sae certain SUNS
which Messrs Snow and White acting on behalf OF the
stockholders considered it equally incumbent on them
10 decline paying
So far, how ever from refusing 20 arbiiratc the cues
ficn they Themselves proposed % Nj Manning 20 sub
mt the msier TO arbtrNiion IN conformity With the
s'ipusi5ons OF the charter; Mr. xanDing, though de-
clsrng himself authorized 20 sppohst arbtrstors de-
clined acting under thst authority without first com.
nuncsrng with the Government Their nomination
by Mr. Narcotics made the Goth Of Ocsoher md
me gentlemen dcsgnsted by him were certainly con.
sider,d in every way unexeptio able by the Boara OF
Directors
II is therefore eyidea, that there isd.sposasn
arhifrate but deemed Of tie utmos importance
previous TO going into arbitration TO determine how
ar the decision would be binding tn State Of Near
,us BY rst ascertanng whether The power Of naming
lrbifraor bad been delegated BY that ssste 70 Mr. Mar
,oleta II he had shown that such the csse de-
AZ would have occurred but 70 hare gone into an arb
<sticn which had every appearance Of beng binding on
parry only, certainly no. 10 be lightly entertain
d. and whatever may be the opinion Of the legal adyis
oi r Mazcolefs the Directors hold the question %
grave in It's bearings, while il so important in
etsrmnsng future proceedings that acting under the