New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-02-18

Increase ...-.--...-.- sl2,J9i 10
Mr.. Simeon Diapers auction sale of Insur-
ance ard Railroad Stocks Bonds and the stockof the
Pacific Mail Steamship Company, takes place tO-mor
row friday at the Merchants Exchange.
The fremont Mills Manufacturing Company
has declared semi annual dividend Of p cent TIE
Suffolk Manufacturing Company like dividend paya-
bic ON the same day
The Canada, Liverpool steamer from Bos-
ton, yesterday took out $4,000 in specie
The Controller Of the State has advertised
for bids for s4G7 900 Of Four Per Cents redecmable
the LIT May, 1865. The proceeds VIII be used to pay
of the six Per Cents due the LIST Of July next, No
bids will be received below par The interest is paya.
bic quarterly Il viii probably be taken for banking
purposes at email premium.
Mr.. Nelson Robinson has been elected Di-
rector Of the Erie Railroad Company.
Our adtices from Albany are to the effect
that the Railroad Consolidation bin will certainly be-
come law.
The Mint bill is not favorably received in
Wast, and initial steps have already been taken to
introduce bill into Legislature for the establish
ment of State Assay Office in this City If it be
cons,ituonhy done The Office, II IL proposed shall
assay the gold received here and into ingot of
fixed weights The imposition Of q seignorsge Of J
q cent. for the benefit Of the Philadelphia Mint Is
looked upon as an outrage.
AT Boston, The Trarelier says there is con-
siderable activity in the Money market and rates
in favor of lenders The Banks discount less freely,
and within few days paper has been sent into the
street for negotiation The present ightness IN money
Affairs has decidedly depressing effect upon the Share
market ard the dolly sales Of the past week show
marked decline throughout the list more especially in
the fancies.
Within thirty days Pittsburgh Copper Co. has adj
vanced s2il y shAre; Copper Fas s3I, Forrest, 50;
Phoenix, 80 Toltec, So Isle Royal, eli.
We annex communication upon pro-
jected public work which appears to be Of great mpor
to the interests Of Western feowcitiIens.
Enlarged for passing the falls Of the Ohio have
been long needed and the subject has attracted much
attention from those engaged in steamboat traffic on
the Ohio and Mississippi Rivers The project spoken of
below Is considered perfectly feasible.
THE ONO FALLS MAINE RAnRoaD.-Truly NAV Il
be said that We hive IN an age OF progress No sooner
have we recorded the accomplishment OF great
Gertsking than called upon to announce the be-
ginning or projection of another.
Company has been organized with q perpetual
charter, under the Railroad Law OF Indiana with the
above caption. for the purpose OF Constructing road
and decks to Sss the largest beat and cargo without
breaking bu around the Falls OF the Ohio in the very
shoTt time OF from thirty 10 hlty minutes.
Lest some Of readers should regard the project
Is ehnnerica we have but 10 to such that the pro-
lect has been submitted 20 several eminent cnineers
who concur IN opinion that Is perfectly practicable
and preferable canal on account Of s eheapnes. Of
ctAssruction and the facilities viii aaori for ship
building and docksge
So numerous are the advantages il possesses over
CSDsl tbs, Il would be preferable should the cost
exceed the estimate. IL is however, thoaghf that
S6oo0oo viii be ample, While CSns could not De
srueisd at th point 70 snswer any useful purpose for
IL han
explanatory Of the work in course OF prepar aton
and when ready vii be oPen foz Inspection for the in
formation Of the public.
Some idea Of the importance OF the work 70 Eastern
Cities, and the Of the West may be formed
by the number of steamboats, navigating the waters Of
the ohio and Mississippi Rivers There are 275 built
with reference % the size q; the locks Of the Louisville
ssd Portland Canal which limits the Dimensions Of
hos 10 ioTtyeght fees beam over guards and lSo
in length TIE tunnsge Of these Is in the aggregate
about 5000 and they are valued al four millions OF
dollars.
There are besides the foregoing IS boats with an A..
gressre tnnnage VI a. oo0 and whea nearly
millions OF dollar which are scp large to pas through
Tie Canal The tolls annually collected BY the L. snl
p Canal average nearly sl50ooo4ni wo1ld be doubled
had Il capacity for the lsrer class Of boats whose
gees pay heavy tribute 70 Louisville for portage
IL is the intention OF these interested in the Railway
enterprise 70 reduce the rate OF toll trO 50 - 81 cea.s
per tcn and admitting that the Canal continues % 5e
used "a hunted eS;ca' az Is 10; unreasonable 10 All
cpafe an annual reveGr fon the work IN ggesrol- II
Sls0Ooo from ts, s-e further Of 900 irola
doeksse shch w.lr,s;orsto the shareholders the cost
81 the work IN ahOat i've years.
since the opening Of The several railroads which con
nee' haston NeSiork. Philadelphia ani Bali more with
'oe tIfer eSs3n Of ths Ohio RIVER there las been
esefse1 o. produce rhose ci,ies whch PREV
80 Al nom necessity found is way 70 New leans
~ s--e 1i4 transS pssert Ts resessi.v no In "a ex
E's, sna y ihe laws OF trade viii hercf1rra seek he
- - "a "a eccnonse1 reE,e and ins-sai II one
L1v' ". srsl ssself q RE best oct Of navy rov
cpeico alGe ioT tie eeaes Of the prssucer ss s A.
the cos ntr. FN- ~ va =
~ Iius.i a,iea o. ne hiEni route kasfur saps-o-
~isSnssss over ne route va Ssx Crieaps "a -.
ravlsa to tie Eastern eatscara t.Al-. .-a -
% show The comparative COS of transpor,ais, ~ "a
When t3e Ein1ersDce - Hsvi-xron n The Fsls - -
Ohio srs overcome ~ the works n-oaosea -. -,
rcercs between TIE E2sg and the wess WI exr.I =
hsHar esiSisrS1 IL fact, hey sasola,sly esscu