New-York daily tribune., 1854-09-02

Manufactures OF Sls...................6ss 1881
Manufactures Of F.ax.................. ~ SoSs
Misce uaneous s.............''..'''.''''' FV <s'sS
,sss:::::::::::... srs;'a.::::''ssSs sSs Sia,: 81 sss
The Exchanges at the Clearing House si4.-
76l, AL.
An adjourned meeting of the Parker Vein Company
will be held on Monday next, at Trinity Building, n
3IPM.
The Bulls Head Bank went into operation to-day
in Thirdav, between Twenty y-sixth and Twenty
seveDth-sts.
private sale of 200 shares Berdan Crusher was
made to-day at sl2dsl2 SO.
Messrs. c. 4 G. Belden, No. 60 Wa-st, arc
paying the interest coupons ON Milwaukee City Bonds
issued to the Green Bay. Milwaukee and Chicago
Railroad COmr any.
It's understood that the Erie negotiations have
been successfully completed, although no official an
nouncement has been made. AT any rate, tho large
payments OF interest, &c. of to-day, were promptly
made. A carefully prepared report of the earn
ipgs aud expenses of the Company, Of every de-
scripon, for the nine months ending seth June last
shows net profit Of s6l6oOO on the operations of tho
Road equal to eight per cent on the stock. One OF
the hem,s for retiring the Income Bonds which has
met with considerable favor, 10 to make an issue OF
TWENTY-FIVE year bonds, with sinking fund sufficient
to redeem the whole issue before maturity sink
ing fund to be invested in the Bonds, IN the hands Of
respectable trustees. 1t is believed that at far
price all the Incomes could bo exchanged for these
securities.
Whatever or whoever may have been the cause OF
the recent serious depression in Ere stocks and bonds
and however much Of it might have been prevented
nv more prudent or wiser action the part OF 10
managers or Of the press who have in some instances
seemed to desire its injury it NV perfectly certa,
that clear and explicit statement Of its obligations
and its business, aud the thorough and prompt action
Of its managers, Is absolutely required We hear no
doubt expressed Of the purity good intention OF tho
gentlemen who laboring 10 its direction; but it
seems 10 Us that ii the moneyed and business public
could be informed of the exact state of its affairs,
coupled with the immediate infusion into its manage
ment OF a few first class strong and well known
business men, selected from those who are beyond
speculation and not themselves borrowers Of mo.
neymen noted for their successful business manage
ment bitheTtO-there would in very little time be
lack OF to place its affairs beyond the reach
Of want.
Such would at inspire confdence-no
fears would then be expressed Of unwse expenditures
or dividends that shall enlarge debt; and then stop
would be put to the enormous betting, through the
common practice Of short stock sales on time, by
which OF late the securities of this Company, and
through sympathy with il, oil others have been 40
seriously depIoeisted. II is time something WA
done ito place this mOst important interest right in
fact and right in the estimation Of al whose opinions
give value to public securities. Disaster TO the Erie
Railroad Company such wOnld Lead 10 its failure.
should not for d moment be thought Of II would be
one Of the most serious caamtes that could befall
ths community and the country at large Its effects
con scarcely. be measured. Itwould be cheaper Tot
our moneyed and other business interests to subscribe
and pay its obligations at once than that il should
default in IL payments for single day But beyond
and besides all thisand here is the great argument
orths proper and immediate ac.ion-the property
largely productive so large Is its business and
income that il only needs to borrow for three or four
months as by the early part OF the coming year ih
floating Liabilities will have been iquidated from
current income and other sources. The sole difficulty
being that in the meantime It's payments for
interest &c. fell due faster than its receipts
A. for the Bonds which mature in February next,
they car doubtless be adjusted by new obligation
on fair terms. The speculators for fall have msds
these Bonds their key note Of alarm, but there viii
De DO SERIOUS trouble III that quarter, curlent mss
tiers properly managed. as they doubtless will be-
We canno doubt that few men Of strength and ex-
perience in addition to those now in the Board such
az may readily be found in midst, can, in very
few days place all this matter right and If 80, such
should be sought tor at II is not eacuated v
prove our financial standing abroad, where wsS
largely depend for credit that with money dieuit 70
loan safely, We yet suffer few gambling specuiaton
and eroskers 10 make use Of the Erie Railroad diff
cutes AZ they have now got to be called, 70 depress
the price Of every thing else. and yet no effort made
in the right quarter to put stop to it. We believe
that .sts state Of things will not continue much
longer. All the private accounts by the last two a
three steamers agree that il requires moth ing now 70
rive an sctve demand for American securities but
better and frmer market here OF Late this condi-
ton Of Erie matters here seems TO have been tho
principal cause of our not having better state d
the market generally.
The Collins steamer Of tomorrow hsd nine hun-
dred thousand dollars engaged in gold this afternses
AZ o'clock-s considerable portion Of this II A.
derstood. Ia from the Mexicsa fund.
In another column viii be found the psrti 'uiers
the forgery Luded 70 yesterday. The l's islS -