New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-11-07


In the sans letter be tsys
"Jp fset do not think thst, under the cir.pn-
STANCES OF the case Sour bank being d.cred,ed and
rumors fife Of improper conduct on the part Of one Of
s officers or agents that could return or surrender
uah securities held in trust for the notes sent me,
until some arrangement Is made TO redeem all the
notes"
And, in another portion Of tho Defense abiding to
en- application for the surrender Of securities for notes.
he says:
"Mr. Greenleef then inquired IL would give up an
equal amount Of bonds and mortgages for the notes;
10 this | assented."
No one, We are confident, after reading there c1-
trscts viii givesny creieDce to the absurd charge OF
vosca,ion Of purpose on the part Of the supenn'
tendsnt.
The Philadelphia North American says:
"Tbe heavy payments into Bank to-day, when
70 many booked forward distIustiulyi serea9ioMP.y
made, an 20 far a. we can learn, wIihoul a s.ns
faiiure; The aggregate gsymehl WE from the dry
goods trade. Taking into cons'dersscn tnS lVhe
continued striDgeDcy in the Money market tns iac.
argues well for the and prudence etsrcseS Sy
those connected with this important oIa"0" vi ''o
business of the city"
The Boston Journal says;
MONEY is in fair supply at from to Y cent. for
factory and commission house paper and at from 10
to 4 dr Accountable names not included IN the hrst
renk domestic Exchange is gradually turning in
fsyor of New. York and it il quite likely we shall
lose specie during the present week. In view OF TINS
The Banks will doubtless be more cautious and dis
counts may be less Tree, but no serious contraction IS
spprehended.'
the Boston Journal notices a sudden decline in
Michigan Central Railroad stock, and says:
eve can give no good reason for this decline,
less il proceeds from fear that the yearly dividends
may be passed. Our inquiries lead u, TO believe,
however, that dividend Of about eight T. cent. is
probable, but it may be deemed expedient to make 1t
in bonds rather than in cash, in order TO pay oil as
fast nc possible the floating debt Of the Company"
The Vermont Legislature has passed law to pun
ish the fraudulent issue and transfer Of stock, and
any agent or officer of corporation offending in that
respect is sdjudged guilty Of felony, and may be pun
ished by fine not exceeding thousand dollars, or
years imprisonment In The State Prison.
The work Of tracing the overissued stock OF the
Vermont Central Railroad, and separating il from the
genuine shares, is still in hand, and nearly COM
pleted. The examination has been slow, but sure,
and when finished the books will be opened, in ac
cordance with vote of the directors for the transfer
of good stock only. The late President solemny
promises to redeem the overssue as soon as he can
accomplish the object to which his time and energies
are devoted and in which the bulk of his property
involved, namely, the completion OF the Boston and
kew.York Central Railroad.
Mr. Dunn, Cashier Of the Sackett's Harbor Bank,
states, in card, that the Bank does not lose dollar
by the suspension Of Mr. Merrck its late President
and that the Bank has ample means to redeem all its
liabilities.
THrRAnRoAD WAR.-ExcITENEyr AND ARRESTS.
The dispute between the city and the Morris Il Es
sex Railroad Company in relation to the track
through the city, has assumed serious aspect, and
has PRODUCED not only litigation, but an actual
emeute Under the direction of the city, portion Of
the track in Psrkpace as our readers have already
,fnrv al.T
ing. The Company procured an injunction restrain
ing the City from removing the rails, and subse-
quenty order from the Chancellor for rel aging the
track, was also obtained by them. BY virtue Of
this authority the Company dispatched a gang
of laborers under the supervision Of Mr.. 6. III.
Moore, their Superintendent, who commenced this
morning, between l2 and ! o'clock, the work Of
relayiDg. Some citizens Of the vicinity being pres
eDt offered resistance by standing the rails, and
the route Of the track to interfere with the
laborers, asserting that the street public
highway, they had right to it, Some City Officers
other hand Of the authority under which the Com
pany was proceeding. crowd was drawn together,
and much excitement ensued on both sides Some
persons started alarm of Ere, and the bells being
rupg caused the collection of large numbers of peo
pie on the spot, that about two O'clock the affair
the appearance Of mob. After considera-
BILE confusion and violence, some Of the watchmen,
armed with clubs, arrested the Superintendent and |
several Of the laborers In Justice to the former we
may state that we have not not heard of his doing
nything to fomeDt excitement but he endeavored
10 restrain his from using any force beyond that
pecessary to prosecute the work. under the Chancel-
lors order. The arrests, Of course produced
pen sion, and the dispersion of the crowd. At later
hour this morning, the relsying of the track
sumed, and finished without opposition. This will
not however, prejudice the legal right of the city,
its action has only been delayed by the authority of
the Chancellor.
The desire Of the people generally undoubtedly is,
that the track should be removed from the street. as
II Is not now necessary for the main business Of the
Company (which passes over their connection |
with the New Jersey Railroad but only for the trans
ptrta0n of portion Of the freight, which goes over
the river route Ia regard TO the legal questions in
volved opinions differ, but a hearing will soon be
had before the Chancellor, the injunction, and |
until a decision is obtained. moderation is recon-
mended on both sides The legal advisers OF the |
City entertain the conviction that the Common Coun
ell will be sustained, and the track ultimstely re-
moved.
In consequence of repairs on the Centre-st Rail-
road bridge, the train from New York for Philade-
phia last evening obliged TO the Morris and
Essex bridge, above and the were thence drawn
by horses down Broad-st to the Common, where they
prevented from further progress by the torn-up
rack, and the passengers conveyed in omnibdses
TO the New. Jersey track this side the river where
another train provided for them. The train from
Philadelphia was served in the same manner, and
did not reach New. York till after midnight.
Newark DAILY Advertiser.
REPORTED FOR THE TRIBUNE.
MONDAY. Nov. 6, 1854
ASHESThe market is without variation; sales small at
s6 81 ~ for Pots and SO Is for Pearls
CO4TON-our market is steady but quiet the annexed
luotGtioIt: