New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-05-23
Saturday the 2oh, preparatory 70 GpPcrionfg he ~
creased stock on the 10; If June

Of ucce.s lie Cumberland has 70 nlct .ubs,a1re an
muscle about II, that IN snort time II must work on is
destiny and become Of tho first coal COM anes the
United siateF.
At meeting Of tho directors Of the New Ycsk New
burrh and Syracuse Railroad held az Syracnse tie articles
Of association amended 70 read that the rad Is
to be constructed maintained and operated the State IT
New-YOTk upon line to commence {: some pom. the
division line between the County OF Bergen in tie STATE
of NewJersey ard the County Of Iocksnl in the state
Of NewIork and running thence through the COuncs Of
Rockand, Orange, Ulster, Delaware, Otsego Chenango
and Madison the City Of syracuse and the County Of
Onondaga. II was further resolved hat the line Of this
road Be located to from Cornwall along the shore Of
the Hudson River to Piemont provided that the citizen
Of Rockand County subscribe procure 70 be subscribed
TO the cspital stock Of the Company the Of 81
before the 20th OF June next and alo provided that
such line be found practicable.
The stockholders Of the Pennsylvania Railroad Com
pany held meeting yesterday morning at Philadelphia
10 adopt the supplements to its charter granted by the late
Legislature One OF these authorizes majority Of stock
holders at this meeting to empower the Company to neso-
tate osnor the purpose Of their second track
Increasing their motive power and building suitable houses
q. Philadelphia Pittsburgh and along the line OF their
road for the reception and accommodation Of travellers and
the storage Of freight provided the debts and other obga
tons Of the Company including loans shall not al any
time exceed the amount Of capital stock paid in and
pended on the road and its equipments This lopted
and loan Of five millions authorized.
Tie Board Of Directors reported at length against the
purchase Of the Main Line Of our state works, the
ground that i not worth more than seven millions.
This report referred 10 Committee Of wenty-One 10
report at On adjourned meeting fortnight hence. The
Committee appointed TO visit Chicago submitted report
10 which the following resolution annexed
EeSd That Notwithstanding The sres adj sntage which the pro
posc would confer upon me e ana rave Over we
leTsyivenia Railroad and TO the Inter- Of che oy Of FIael
embarrassed Of the hnsSees Of the country would not recon
seton az this time.
The meeting showed a strong disposition not to sub
scribe to any raroud out Of the State Of Pennsylvania.
The advces per Franklin looked upon favorable
in the street Tie London Times Of the 10TH latest date
says:
TUESDAY, EvEvyGTbe reception Of the fresh financial le
funds have experienced advance Of fveeighhs cent and
the Exehequer bonds have been sold quarter cent PEE
Although an impression lately would he
dent raise any further that might be required for th
by immediate oanno, Couo TO be contracted ct 81 and
a, i.o sS II, ese teI4,See ' N gs ~ n1e d.
pect has apparently been met in most quarters with
This feeling Is 10 be attributed enirey the in which
been directed the by Of return TO ro..s which would
pursued since 1916 and loan Of Kind would have been almost
universally deemed far less evil
be Of commerce vii be uninterrupted
sud that The Money Market ior some time will be freed 70 sTss
course Of trade the foreign exchange Con
s which were quoted morning the last price o yeseT
understood that applications were made at tie Benz Of En-
Of KAeLequer bonds 9si but the list having been
yesterday the parties merely informed that ner pro
ais I'D b. submitted to the treasury II is presumed however
Foin securities were rather better this afternoon having been
nlueDcd by he improvement in Consos Purchases OF
Five per Gems made 80 and 49, and they closed 81
o. The The FouI and half per Cents tosk place at
81 3! aud The tnal quotation was 5ei TO 81 r
In the foreign exchanges this afternoon the rates were
IL, slou
Of more than 2 cent At Vienna also there has been
The quote further slight improvement,
n the rate OF Exchange and only very o cog
III lower their OF discount to q cent appears
Tie Do7y Ners of the same date says:
Money maintains is value and it is only under exceptional e
that cen be obtained gder "
supplied money Tut there senera ndisposon TO lend it
cal present finding It's way cf ccoun to the BANK oil
Ihe market foTeisn hs afternoon assumed
reaauce rather more favorable for ' county Bus On ran. were
o exhibited Improvement which however seemed 20 be rather
particular bills offered here On Vienna
ld These The quotations ihr lower at S4| a. The
The MAINTAINING their proved appearance there was
10 revival to-day Of The demand for soa for the continent
The Government Of last night sad especially
A aiion AGAINST Ians oar IN sioA caused the
sce which maintained Notwithstanding occasional variations
dy + m be Observed hat the question Is to
eson OF ock at pesea he point OF paramount 10
that loan in stock a. present eonte
a cd epuchas effected by previous speculative
seo particularly against outstanding options for he settlement
The Chancellor Of Le Eachequer stated last night that about
sleCo sill wanting to complete me subscription io
been completed today The scrip Was quoted ms afternoon al 70
The proposed relating Bonds and EE
sh'gu,r bib we're phted today 10 ADDITION 10 s $1,000
p,scs fher Of t2ooVoO iheeand hai per cent
ENchequer be paid Cd the h Nay s9 and to
be issued At prices and on any terms OF a'cpon
Mi be noticed that the Chancellor obviously have
for this series bonds excluding subscriptions ia
300 p1oPOsed 10 be susd At Price not
Per s for sSS sve rS g siSS 50 subscriSeSS
& We % % a"d ia the event o % Sad %
ic fully taLen EScheque bills will be issued 20 make up tho
purposes will thus be the Of rather than
81 H. M'n, d mS ", o1 S 6 bu, gsd.r 100 @ ch Ss.
been subscribed in Exehequer bills Tor tie series of EHehequeE
Consols closed at Sc, Improvement Of 2 cent.
Cotton was unchanged and Breadstufs at Liverpool had
al improving appearance. In London Money in fair
demand at a q cent In Paris the supply
mulatirg, and the market tended to greater ease.
The amount of public debt redeemed last week
s2s $50 leaving s49, s375s Of which s5OOo,ooo Texas
has not been issued.
report relative TO the delay 10 which forwarers, mer
chants and all engaged in the forwarding business, be-
that city and Boston are subjected IN the transhp
ent of produce and merchandise from the boats 10 the
cars as well the delay getting Hour and other articles
over the Western Railroad board the at East
Albany stated that IN some instances 1t has required
three four and FIVE days-and longer periodic
make transhipment of boai-oad of grain. rs result
Of this purchasers obliged 10 pay cent per bushe
more when cargoes TO be deli, cred az the Western
Toad than purchasers delivery the western side of
the river. In addition. large have TO be paid for
demurrage The following resolution was adopted and
Committee of five appointed 10 confer with the ocers OF
the road on the subject
Rd That the opinion Of the Board Of Trade the delays and
hncsnces which with merchants generally
subjected character that call feI and densnd the Ppea