New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-10-31
10, Trustee Of the First Mortgage

~. A c. F1agg, Trustee OF me NV MVr'saeo
-. n the Pencbscot Railroad Co, advertlses tns'
DE- sor .ie at auction to close bis trust the Com
~ having failed to pay the interest on the Bonds
A meeting OF the holdfrs of the old stock Of the
xs.,yo,k and New-Haven Railroad Co. ia called by
,ome Of the leading stockholders for Wednesday eve
n;,g next at a o'clock at the Chapel Of the Univer-
.ty' tits proposed TO consider the question OF the
.dopten Of some plan for speedy and anicaoe set
,lemsn, Of the claims upon the Road. The Commit
40 Of Examination appointed at the last meeting OF
r. ,ackbolders are il is stated at last at work and
iii report at the meeting Of the esh prox at New
Haven.
The Central Ohio Railroad is completed, and rega-
Ia, trains viii run over the road in few days.
The adyices by the steamer are favorable for Cot
,on and BresdsiuiIs but money matters on the other
side are not in so favorable condition as could be
-,hed. Notwithstanding The arrivals Of gold, the
Rank of England continues to show decrease OF
bullou. and the Bank of France has also lost some
tour millions Of dolars during the month Some
heavy recepts, in London, Of gold from Australia,
day or two before the departure Of the steamer it
war thought would give the next Bank Report more
favorable appearance. Money was in request at
Da5 q cent Consols were eil Ssl5, which Ia a
decline Of lal y cent. The steamer brought back
the remainder Of the bills drawn from this side on
Mr.. Oliver Of Liverpool, which were promptly taken
ND BY the drawer. Among Mr.. divers Liabilities are
fl2o 600 to the Borough Bank Of Liverpool Gl5Oooo
10 the London and Westminster Bank Gl0 900 to the
North Wales Bank ESQ, 900 to Messrs. Johnston 81
Co., Geo, 900 to McHenry s. Co., in all fl,o37, 900;
which is much larger than was at first reported
Most Of the above amounts secured by collaie-
rails. There are a moderate amount Of orders for
American securities by the Pacific and advce' of
some transactions for American account on the other
side Further sales Of about $3.50, 900 had been made
in Paris Of the same bonds Of which had reported
by the last steamer sales Of 100000.
The recent commercial failures at Liverpool con-
fnued to occupy attention. the 80 that they have
had disastrous effects in Ireland. Conflicting state
ments were current with respect to the probable re-
suit. Our Liverpool correspondent states that trust
deed is being prepared and is now nearly completed
70 the affairs Of Mr.. Edward Oliver.
The following appears in The Times Of l7th, with
reference to its remarks Of the 18th inst:
"On Saturday notice was postei on the Liverpool
Exchange by the trustees of the estate OF Mr. Ed
ward Oliver, to the effect that the statements lately
inserted in The Times regarding his position were
incorrect and that their appearance was the cause OF
much unntentional BARN. The sole objects Of me
Times have been-frst, 10 supply the cOnmercla
public with that information which was necessary
from day to day in relation to an estate OF such
magnitude as TO involve assets alleged TO amount
to 600 000k and, next, TO counsel all who might
be interested not to allow either themselves or Mr.
Oliver TO be damaged through any hasty proceed
ings under feeling Of panic, at time when
there is ground to hope that an easier
il approaching. The constant reference 10 the
matter 80 long as there is anything TO communicate
with regard TO il, is duty which cannot be departed
FROM and the only thing that can be done to lessen
abe annoyance and embarrassment to individuals
which ali painful circumstances of this kind must
create, is TO caution in avoiding every idle ru-
NOR and 10 demonstrate against hopeless view be-
ing taken until every effort has proved useless This
course has been pursued throughout and nOtwith-
standing the allegation of the trustees, inaccura
cies have been inserted. The first reference to the
matter on the 5th inst, when il stated that
although the bills of Mr. Oliver had been returned II
was hoped bis would yield surplus of $500 0O0
and that IL this should be the case, ample assistance
would speedily be afforded him-an event much TO
DE desired, since his suspension If permanent, would
bring down others. IL was next mentioned that
Eve inspectors had been appointed and that,
although many contradictory reports in circua
lion, there increasing belief that the required
advance would be obtained After this il was an
nounced that arrangement was understood to have
been planned by which Mr.. Oliver was 10 surrender
certain number of his vessels and TO be relieved of
$4,000 600 of liability. subsequently, however doubts
were expressed 10 whether this could be carried
out and finally ii mentioned that the affairs of
Mr.. McHeDry, with whom Mr. Oliver had been con-
neced, had been found TO present most unfavorable
prospect that they had been brought iuto Chancery
by some relatives, and that in Mr.. divers the
expectations previously entertained OF good arrange
ment seemed TO have been abandoned. The whole OF
these announcements contained, 1t is believed IN all
material points nothing but literal truth Those among
them which referred to favorable anlcipations came
from supposed TO have the authority either OF
Mr.. Oliver or his trustees, and, place having been
given to them, IL necessary that equal publicity
should be afforded to all that subsequently, tended TO
less favorable termination II is true that the rus
tees even express confidence In bringing about
an arrangement by which the assets of Mr. Oliver
may he realized in the best possible manner and the
sacrifices which would attend any other process may
be avoided; but this, although doubtless good ar
rangement 80 far as every arrangement good which
is the best under the circumstances not In accord
with the expectations entertained when Surplus
of 1900 900 hoped for, when the parties
having claims for ships sold expected get them back
at cost price, and thus to settle all questions IT, after
having mentioned with qualification the prevalence of
such expectations, The Times had concealed the fact
OF their having been ab andoned, there would have
been the strongest ground for condemnation. The
trustees Of Mr.. Oliver are all possessed of too much
commercial intelligence to deny upon reflection the
truth of this. They will also understand that the
capitulatops given does not proceed from a de-
sre TO question the spirit of the notice they have Just
issued but is intended simply to show them that that
notice s For their exertons 10 prevent
mitigate the evil that would arise from an abrupt
winding up OF the affairs of Mr.. Oliver, the mercantile
public, not only of Liverpool, but throughout the
country are indebted to them, and whatever may be
Their eegree of success, Ihs Times have feel
ing but one OF satisfaction in recording il.
with regard to the Chancery proceedings inst.
tuted by Mr. w. Gardner, who is stated 10 be rela
i've or family oonne1On of Mr.. NJ Henry the follow
ing Is nom Ihe Liverpool Albios of this morning:
,whS w.. spPsTsn iee LIVERPOOL papers
meneed suit In Chancey against Mr. Oliver for the purpose Of
% iiOo and alleged BY Mss. GsSSsr aud Co, ISss
they received consideration for them The junction was
hands third parties Several Of them however h.ve gone
into circulation but those in the hands OF win
he IL bav.