New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-11-08
= M. Of Centrslia From sandovL south.

"a t,ior 10 the let proximo arrangements wiu oe
made for regular trains connecting Caro- WIN Oh
Lssis. A.d far
North Of SaDdoval the track has extended rev
,sflss ard strong force Of operatives we're rapoy
sS,S to meet ss RSy n sns oo q
country extremely unhealthy, OF broken, Lnosoa a
esnraeer which circumstances have presented grea'
obstacles to the prosecution of the work ana nave
the serious delay upon this the third division
During the sum ner il found Impossible 10 con-
fpus the work, and even until recently the Prevs-
vince Of malignant fever and cholera IN the vicinny
Of low, marsby tract, OF several miles IN extent al
I.e,t sufpebded operations AT Ibis present moment
SAe,e IL q large force, upwards OF 500 meD, employed
On this section The contractor rs paying III % per
a., for common laboreTs and the chief engineer is IN
pTson on the spot, using the mot active exerti0ns,
wbich the directors do not doubt VIII ensure the CON
pletion of the comparatively short space required
ruor 10 II e lst January and thus open CONTINUOUS
Inc from Cairo 10 La Sale
FROM La Sale north, trains are running daily 10
MENDOZA, connecting by the Aurora Extension Rail-
road With Chicago From MENDOZA northwest the track
= laid seven miles, and Will reach Amooy on the 18th
iDst From Ne ndots to Frteport 60 miles, the track
u entirely graded. The party laying south from
Preeport will resch Dxo, by LIST Of January, while
he party from Amboy will have arrived there early
in December. At this point the road Isssses bridge
pysc<d upon efoDe piers, work OF considerable mag
nitude, OF FIVE spans, Of 100 feet each. The mason
work is completed, and the frame Of the bridge is 10
readiness for erection. Six weeks of uninteuupte
rood weather will suffice to complete it, 80 that ia all
probability the trains will pass it early in Jaau-
airy, completing the line from Cairo to Gaens, i3s
mics.
Of this road the original estimate of Col. K. b.
Mason was sic 500 coo, az advised in the report Of
ne President OF the l2th September, 1852. he had
prior TO that date, closed his agreements with con-
tractors for nearly all the divisions of the road at
rates which left margin considered fully adequate
for contingencies The rate OF wages throughout the
nsate ct or below dollar per day. with abund-
spce of labor. Last autumn, owing to the immense
railroad labOrqFa n
the rates OF labor eDsued, ard 81 % TO 81 80 day
wss paid for common labor, and 50 so TO 80 y day
for masoDs and carpenters. The direct consequence
Of this the failure of several OF the contractors
% fnlU their Obligations and the demand by others
for increased rates upon their estimates.
Two very important and difficult divisions were
Gnjshed by the company. None Of the contractors
did or could receive the bonds originally agreed upon
h part payment and the company were obliged to
pay an advance Of 25l00 nearly all the la Dor upon
the road, which has increased it's cost upward of
o., 600 600.
Early this summer the cholera in its most virulent
FORM appeared in Illinois. The aborers left the road
ca Mes,e. II was feared that the work would be sus
pended for months, and the lives OF our valued chief
engineer other gentlemen engaged in the super
intendeDce of the construction were in great hazard.
At this critical moment crisis in railroad affairs oc-
CURED which rendered the negotiation of the best
railroad securities almost impossible. This companys
payments maturing in July and August, exceeded
Two m'hloJs of dollars. The absolute necessity TO
avail Of this autumn to complete the main llne has
ments since The let July exceed four million three
hundred thousand dollars. This has been accom-
plished by The unremted attention and personal ex.
erion Of at least half the members of this board for
four months. There is no new feature to change the
character depress the value of this project IL nOis
rapidly increasing in poPslation, and the 900
sores Of lands stli owned b the company, without
incumbrabce with two mlfnons Of acres pledged with
the road, TO the holders Of seventeen millions of !
bonds comprise estate warranting this expenditure.
Wei assured that this road will, within few
Year, tupersede the Of etc amboats the Misss
sippi from Ceno TO Dubuque tn Il the local receipts
next autumn will be rempneratge; ia short that this
great enterprise possesses intrinsic merits which will
again obtain the public confidence when the present
nsBeisl eritis is past
The directors hoped to have sold portion Of their
free lands this autumn. thereby obviating the
sy of assessing the stock. The failure of the crops
and scarcity Of money in Illinois has rendered it ill.,
advisable to offer the lands at auction and the sales
at private sale have been limited. Therefore the in
trests Of the company require an immediate assess
menf upon the stock.
keV- YORK; Nov Z, 1854.
The receipts of the Kennebec and Portland Rail-
read, for the year ending Sept. 30, were s2Os $685.
me running expenses litle over $4,000. the re-
ceipts show an excess of slO4 asa A those of any
former year.
About s4OO, 600 in gold bars, large proportion
phieh comes out Of Bank, goes to Boston for the
.Cunad steamer. Mint bars are v cent. discount,
large amount of the gold by the next arrival from
California will go into CON-
Mr. j. w. Blatchford, of the firm Of Blstchford 81
Rainsford, which was forced TO suspend after the
ploson of the Schuyler fraud has resumed his seat at
the Board Of Brokers' The house has settled with all
its creditors.
The investigation into the affairs of the Eghth.av
Bank proves that not more than half the capital
vas AVER maid up-stock notes being given for the
remainder. A proposition made in the Board
after the Bank fell into dsrepute, to give up these
stock notes upon the surrender of the stockprobably
Iot worth so cents on the dollar; and but for the
frmness of ore or two of the officers, this scheme
would have been carried through.
Thompson Bank Note Reporter sends us the fol-
lowing copy Of dispatch:
INDIaNAPoIIs, Ind, Monday, Nov. G. 1854.
To JSo THOMPSON: WAYNE BANK, Loganspod;
STATE Stock BANK OF INDIANA, Peru; UPPER WA
BASH BANK, Wabash, protested. 5. c. THOMPSON.
The Cumberland Coal Company received last week,
ending 9Th November, 1895 tuns of coal, equal to
l,ls7 per day.
The business at the Clearing House to-day was
el1,2l3,Oo0.
AT the meeting of Stockholders Of the Phoenix Min.
ing Company Committee was appointed to examine
the affairs OF the Company and report at another
meeting Some Of the bonds given for the over. issue
of stock assumed by the Company arc part due, and
anachmen's have been placed on its property. The
debt rs about $4,000. Another meeting of the
S'oekhoides to be held to consider if any measures
can be adopted to relieve the Company from is en-
barrassments. The work at the mines has beep on.
tEely suspended within few DAYS.
Itis understood that the Directors Of the parko,
Vein Company have it in contemplation TO propose to
the stock holders 10 retire all bn an ooo IL 49,. s ~