New-York daily tribune., 1854-08-29

Total. a Ga 800 Sass SIS IS s3 500 ssu s6q373lI
The drafts from the South have been heavy this week,
and of the Banks who have large southe corres
pondence have been obliged to restrict their usual City
ommodations. As general thing however, the Banks
are discosnng quite freely could be expected.
Tie fall trade has fairly commenced and the City is full
of strangers. Country merchants paying up more
promptly than anticipated few weeks ago.
The Third-av. Railroad cars regularly to York
VILE The Secondary. Railroad has its rails laid TO
Eighty tixhst., to which place the trains run; it
peced that the line to Harlem will be completed By the Is.
October.
The Central Railroad have made the purchase of one of
the five wires Of the Morse Telegraph between Albany
and Buffalo, for their Offices to be erected
at stations along the line of the road where there
at present Workmen for the past monih have been
gagged between Utica and Buffalo in repairing and erect
ing Offices &c.
A meeting of the Stockholders of the New.York and
Boston Ar Line Railroad was held at Middletown Conn
Thursday The amendments the Charter passed by
the Legislature unanimously adopted, and resolu
tons passed nstrucng the Directors secure the pay
ment Of subscriptions due.
Ths work of excavntng through the Deep Cut on tho
Genesee Valley Railroad was completed on Tuesday of
last week The rail laid from that point to Avon and
will in few days be down from the bridge the dc pot
ground in Rochester. turntables being put down near
tle Wedde Buildings and by the time this is completed
expected regular trains viii run from hence directly
to New.York via Avon and Corning
The stockholders of the Conhocon Railroad met at Avon
last weet to consult upon the best of taking care OF
their interests in relation TO the email amounts due and
maturing and which gre unproyided for in consequence
Of the failure of some Of the stockholders to prefer their
stock The President made lucid statement Of the aiirs
of the Company, and what necessary 60 successful
y forward with the work He stated that S3J 600 was
required 10 meet the liabilities of The Company and to
keep The road from going into the hands of it, creditors
the first mortgage bond.holders. A full statement was
alo made in rertno to the arrangements perfected with
the Gencsee Valley Road by which the Conhocon Com
pany take possession of the former at what is believed TO
be advantageous rates.
The Baltimore American furnishes the following infor-
NATION relative TO transaction between the Baltimore
and Ohio and the Central Ohio Railroad:
:. The Baltimore and Ohio Railrcad Company had in
their possession quantity Of the bonds of the N,rh
Wesern Virginia Railroad which at this time in conss.
qu,nee Of the comparatively easy condition Of their dnan
eia affair they were not under the necessity OF usug
and in order 70 afford to the Central Ohio RoId-whch
they look upon the important of their connections
the means Of stocking their road with cars, motive
power Ac sufficient to transact the immetse through
viii DO they have loaned for limited period Of time
the Central Ohio Road taking their obligations therefor
the boz Of the North Western Virginia Road spoken of
above to the amount of 500 000 Three fiths of these
bonds are guaranteed by the City of Baltimore aud two
ffths by the Baltimore and Ohio Railroad Company
expect 10 obtain $500 coo in cash. which will be expended
for the purpose of stocking the road. The money un
dsrstsnd Is 10 be obtained in Europe. As to the pro-
pnety, under the circumstances, of the Baltimore and
Ohio Railroad a6ording this assistance to the Central
Ohio Read We are informed that the Finance Committee
OF the Board Of Directors unanimously agreed and
that GU. OF the Directors sixteen voted in favor Of the
We believe this TO be the first foreign aid
dered TO the Central Ohio Road from any quarter what
since its commencement While other Western
Roaos have been literally subsdised by Northern
Corporat'ofs through the agency OF loans, stocks sub
ecriptions &c. this great work, costing, equipped.
600 and the racst important to this community OF
any M her Western connection has been commenced and
prosecuted almost TO completion without obtaining SIN
gle dollar by any ether means than her own credit
"lDdeed the credit of the road Is so well estsbished
that upward Of 81 600 Of the bonds OF the road have
been disposed Of in this market by Messs. Robert Ga,-
rett Sons to our most prudent and cautious capitalists
ct e5 ard s7 fhese bonds generally held for perma
Dent Investment Some 400 shares Of the stock were also
cold short time since In New York 800 the $780,
The obligations Of the road have all been promptly met
and within the last month ESQ 600 have been paid or
Abor - tie portion Of ths sd not Jet completed The