New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-07-20
- borrow million Of dollars hopeless task jus.


No n fk
rconor President OF the Sunbury and Erie Road,
,rb,Leo card in regard to the subscription of Mr..
ESwsrd Crane to that road, in which he says;
"Of the payment of the nstamen's yet to become due
nm The subscription made by Messrs. Crane, Dillon Co.
a. The stock Of the Sunbnry and Erie Road thee be
no doubt. The payment OF these nstaments
Il NOT dependent Mr. Crane alone but on number OF
gentlemen Of undoubted wealth. deeply interested IN the
couteton Of the Venango Road AZ 10 the security OF
he city in tie matter have only TO say that the Compa
nv Designed to ask the Of any instalnsnI
on the million subscribed by on the faith OF the sGoscrp
ton by Crane Dillon & Co., until the instamcnt due on
thar subscription had been first paid"
The Directors of The Gaiena and Chicago koah meet
10 morrow at Chicago for the declaration of dividend Of
prcf,s which will probably be per cent, with
siderable surplus.
Mr. NJ Holbrook has resigned the Presidency Of the
Granite Bank, Boston, and Alpheus Hardy has been
e,ected 10 fill the vacancy. Mr.. Holbrook has been
obliged to ssk an extension his engagements. The
Tyoreer states that the Bank will not be affected by his
suspension or resignation
The work on the southern end Of the Chicago and Mil
vnukee Railroad from Chicago 10 the State line, being
pushed with vigor by the contractors, Messrs Stone
Witt The whole iron needed is being landed and the
funds are provided for the npton Of the road The por
on from the State line to Milwaukee under contract to
lessrs Bishop is less forward, the failure OF Root.
Scbuyer somewhat embarrassed the movements OF those
gentlemen. Negotiations ere, however, gong on sue
cenfuy for the completion Of that portion Of the ROAD
The Union publsbes the annexed order of the Queen oil
SPAIN which is of interest to our commercial community
"f' "MADRID, June IA, 1854.
uN,x,srpv nv Fty.ycE-TlEstriouS SIR: The queen
tvbom God guardD has been pleased to direct tna
American vessels be considered IN the Penlhsu anu ~
cent Islands like national ones, as REGARDS e Po,. anu
navigation duties in reciprocity for what pracseu vii"
Snsn ali vessels from the same places ihihe por VI e
Tn;,,d States as regards the same duties. .
Nv roya order say this to your Exceency Tor your
;ntellsence, ana for its consequent effects &c.
.r the General Director Of Custom Houses and Tsras"
Mr. J. n Perkins the new Treasurer OF the Vermont
Central Road is in Boston investigating the over-issue OF
stock by the late President, Mr.. Crane
At Boston the Money market continues to work easier
paper il lOal2 v cent; call loans were difficult. At
Philadelphia there is no change to note. At Baltimore
fere was fair supply of capital at previous rates AT
Cincinnati the market was little easier at o0l2 cent
The Goztffe says:
"Mesrs Mccullough. Morris e. Co., wholesale grocers,
oroduce and wool dealers failed yesterday meeting OF
In creditors held this afternoon, when me naoes
repesented at 900 and the assets si3 203 Two
yenr AGO the house novent to the amount OF about
- 600 and according TO this their losses during the last
two Years ached $4,000 About $40 600 Of their ndebt
ednets is in Boston, .New-York and Baltimore
The weekly statement Of the Boston banks gives
C,pitsI $50 $50 S35 Due to barks... SO is
Loans 4S SO $40 Deposits, a2543
Due from bsnls...... 9t77lHc
II will be remembered that last winter we published
the report of the Engineer of the Illinois Central Rail
road showing the condition Of the several divisions of
the road at that time He has again reported pro-
gress 1t is to be remarked that cholera has ragged in
those western States extraordinary extent this year,
dspersipp whole working parties and interuptng work