New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-07-29

Illinois Central Road we inadvertently stated that the
track was laid on lls miles We should have said that OF
the 3Os miles 100 is already laid, leaving lis miles
TO lay for which all the materials at hand and the
work progressing that there remains no doubt that
will be IN running order next year.
The liabilities of Mr.. John Tucker whose failure in Pha
dclphia announced yesterday estimated at about
81 500 OOO lie has been largely interested in various
enterprises, and supposed to be worth 100000 or
$500 COO IL is believed he has abundant assets II time il
allowed for realizing their value The failure OF the
Monour Iron Works in which he interested probably
precpi,at,d his failure The Directors of the Reading
Road have been aware of his embarrassments for
weeks past. Mr. Charles IIy Fisher Of Philadelphia
wrote yesterday TO a banking house in this City
that although the failure Of Mr. Tucker is much to be de-
plored yet will interfere at all with the prosperity
of the Reading Railroad, and that he say ouihora-
lively" that the books and accounts of the Company
all correct. Several teeIaphc dispatches from Pha-
delphis speak in equally positive language We judge
from the language used ty Mr. Fisher that examination
of the accounts of the Company has beea made. Ii not
il s certainly due TO the stockholders that such examine
ton should be made. Mr.. Tucker understand has
signed tie Presidency of the Reading Road but the Direct
have declined TO accept his resignation not wishing TO
lose his services. In regard to Mr. Tucker TIE Paade
PLia Sun says:
ave should regard the withdrawal of Mr. Tucker from
the Presidency of the Reading Road public misfortune.
been most extraordinary There no road in the country
whose management has had 10 contend with the same
of opposition and influence the Reading Rdi
culed in IFS inception opposed It's construction by all the
influences which at the time potential in hiiaN pha,
denied by the result of combination the facilities ortina-
rlv if ALWAYS afforded enterprise, by the cap
iiaists of locality which il is proposed 10 benefits
sailed by anonymous writers in the press and meeting all
sorts Of open and concealed opposition it, management
under Nj. Tucker liored The trade for the ben
eft of which twas constructed has noton, been steadily
the increase but has 10 the present time disappointed
its most sangune friends and while the necessity for adi
tona works stock and property consequent upon that in
crease Las rendered additional means constantly necessary
for the company under most aud stringent state
of monetary affairs il has been placed in such position
70 enable 10 meet the requirements upon II TO the
tent which business oers under the present prosper
and afuent state Of the coal trade. To the who
have accomplished all this, with other embarass-
ment in the present time hon passing the usual dividend
great credit is certainly due and il is therefore that
should regard as public misfortune, II the business or
personal convenience al Mr. Tucker should induce HIM 10
resign position which he has held for many years with
much Of credit and honor to himself well as the cor
PoraOn whose multfaOus operations have been 50 long
under has immediate direction"
About 5000 eco is engaged for the steamer ST. Louis the
sailing of which has been postponed to Monday in
quence of alterations in her upper cabins being
completed.
In Money matters but repeat remarks of the
last week. We notice change, but if there be any ii is
favorable.
In relation to the Railroad meeting Saratoga TIE
hg says it Osensiby 10 settle in regard to through
freight &c. from the West vii New-York Central and
Hudson River Railroads and Peoples Line and they
represented as follows: Messrs Corning, Richmond,
Wager, White, Chodep and Wilkinson Directors and c.
Nio1ard, Superintendent, Of the Central Road Messrs.
ChaIln Pond, JoRes Kelly and Robinson of the Hudson
hiver Road and Newton of the Peoples Line Mcssrs
AamsdAI' ID CIV and Robinson of the New-York and Erie
load "e-e around, but we believe did not ge ineo the
meeting The Central Road made a proposition 10 the
Tucson RiEer Road but they did not seem to know what
10 90 about t.
Inc EXCHANGE, at the Clearing ouse were sl4 62s e3s
speaking of the Money market PRoaps,r's Bant No.e
ReDorfey GAYS:
ln"t our imports of foreign goods hGVe been nch too
iaIke s'ty one admits, and that they v now eoamenc
70 iu On every one hopes and believes Imuoyter, and
ops VIII nave hard tin es this fall: their payments will
DC large ana receipts comparatively light bu with earl
preparation we think they vii, 60 through Tbe ;ns-;r =
prosperous Crops are good and prices rsmansr.,;va
The general interests of the co1utry are in sonnS 81
AourishiDg condition. We have lived a l,e Too Ca au
spent too much money-bui too mary raroad.-imnort
ed many useless gmcracks-and been little tod a.
travagsnt every way. But all these ting. will CORE,
Themselves We shall learn wisdom in ti.,e-everybodv
will not fail and Me world will not come TO IN end tbs
year.
LGnd.wGrans firm and selling at ass sos for 100
acIes ss<e $50 Ser sc-es and 81 t}s fr 30 acre.