New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-07-11

Tie rung ra.es AZ from $50 coo 600 TO $40 ~
now expected 10 come into market, and We ieei JUST
fed in anticipating that there viii result rom II an ac
,vi,v in real estate transactions which Will react upon
he con merciGl interests OF the city
The title to these lands vests in Messrs slmer,
Cook & Co. of this ci'y but we understand that some
time since thew disposed OF ono half OF their claim 20
Pluadelrhia company, and that the latter have
Ia, med Joint stock association with 800 shares.
These shares, which short time ago could we sup
pose be purchased for trihing sum each, wil now
he worth ;ers Of thousands Of dollars the value OF the
lands confirmed 10 them being almost .ncslculable
The parties who bad settled on and improved por-
tiors Of the Bolton Il Barron claim are now maAiAS
arrangements with Mossrs. Palmer, Cook x Co. 10
qui6, their titles and We are peasod 70 saI va. ~, to
latter gentlemen are disposed 20 afford them very I'D
erul terms.
The defalcston Of Wm. S. Tuckermsn, late Treas
urcr of the Eastern Railroad noticed yesterday, Is
made up follows:
surdry Accounts there difference of....... Oh
AsI!e Bsat benz sor bills which he had represented
paid, snd which were not........'.....'''' oi5 90
a Note Of the Company uhch he mas used for Col
lateral security for he own no'es =: -, 1' %
sh,res which nsrset price Of +5o....... 81 80 %
~ os g
Tucberusn has turned over So, 600 of property to
the Directors, and his bonds are $4,000. He also
has other property from which be expects to be able
holders has been appointed TO investigate the matter
A meeting of the stockholders of the Sandasky,
Mansfield and Newark Railroad Company was held
this afternoon at TIE Astor House, VIM. VI. Vemilye
in the chair. About fifty gentlemen wete present.
The Committee on the part of the Directors for the
adjustment of the financial difficulties OF the Com
pany presented their report:
Tie Committee recommend the adoption Of the plan
Of the Directors for the adjustment OF the affairs OF the
Company. with some notifications and additions,
which are
l. That all tho holders of Bonds, under either Of the
first mortgages of the Mansfield and Sandusky City,
the Columbus and Lake Ere, and the Huron and Ok
ford Railroad Companies, submit 10 a REIMBURSEMENT
of two wears interest on the bonds held by them
respectively being the interest due In the years lsoS
ard 1sJ6.
. That oil the existing mortgages and the bonds
secured by the same except the s2 900 remaining OF
the original mortgage, due in July, $50 be surren-
dered for cancellation and that there be issued by the
consolidated Company a new series of bonds, 70 be
secured by mortgage. These bonds are to be issued
for the sole purpose Of exchange, dollar for dollar for
tie bonds secured by said first mortgages.
g. That there lie paid in full, out OF the net earnings
Of the Road, the taxes due and unpaid claims FOR labor
end materials unpaid the s2i 900 original bonds, due
July, 1855, and the interest on the same and claims
secured either upon the property OF the Company or
by such undoubted personal security ms should prevent
the ccOtOr from submitting 10 an dDdteiieht vi ui7
claim provided that the total amount TO meet all the
claims so to be paid in full shall not exceed $4,000
4. That from and after the year 1857 sinking fund
be created for the redemption of the new series OF
bonds and that 10 q cent on the net annual earnings,
after payment Of interest be set apart for that purpose
;. That a Receiver be forthwith appointed IN the
case now pending in Erie County, Ohio, with tull
POWER take possession OF and manage the entire
Road, &c.
The entire debt and stock, which amounts to
about $1,000 GEO. will he reduced, when the preferred
debts al paid, To -, 4O0, 000 divided as follows:
Stock as reduced. liIo"o