New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-11-01

= t1~-T
-. - e.ssnbsI- ia b s0ah Alt.-ieo ia sesLs
T&s Corte., OF the Nicarsg line, vas 81 Aespuso
q De l2th Or. her way Up, with no scsoe~e On
hsUd The Sierra Nevada was slso there, ae'Sne'
Aieksfss. The Sierra Nevada was tue previous
se.a.s- TO the Cortez from San Juan de- SAD.
~ D. Jd.O, Of The " y. Tri1sHe. -, A.. c
Sra; A. the very 10" pr1ce a, WIN sns "a =.
= ye-- Dc, frable invesmen provned the security Tor
90 "a, men such IS should be sat-. sctory TO one
.shs like my self is wholly dependant upon income
g., urouerty like this. With view 70 sly myse
"a rst bead, have been examining the charters Of
fAs canal and railroad compaLiss which now coos =
q Joint corporation, and in each hnd clause
- = I'd 10 the effect of which should desire to OBJ
49, e ne information, and therefore 1t u hstI tou0e
u With this otter. II il % foloFs:
Re en0ced Thai a. the exprs,en Of thirty from The
COMP sso' :. The cam. and eds me & fs 2, T.. sI .s
sppendsgs thereof 70 be nsse By SIX o.
s,.rm.Is ~ lbs See he em.Sas rhr.e BY The eomp.D
who or majority Of ssI report the y.le ioerso %
,.s,,, y, ,b.s e.Dno, agree they choose sveuth
sse 9Th ,he aforesaid az s. r' !o ,te 81 soi
rssr, win he Ind app rd.ses thereof nttssrupen
BE So ,s have sd5 Ss @ psymtS 70 ss eopSy o. ts
o Of sd report within year sfe eeens 70 take The
ordipe 70 This, il would seem that at the md ola
,sry w yeHs the STATE will have night - take al
1hs works Of tie company Of vau toa which csno ot
exceed tie coat, but may fl. short OF 1t TO greas
amount. If understand the ltteT all ths Is 10 De
valued IL the simple road and canal way, IRON aud
y IN work, de2ots, &e aad they mus, be aPpra,.e1
~ ppat 0 mi ar wOrks could no" Dc Done fJr. Ihe
= q way was QiCeR by the ate aud ceabOt 80 II
rams 10 me entfr at all it1 TIE valuation. II an
yt: m this DOS il not follow thai, there has been
very great reduc ion in The cos Of constructing roads
sna canals, the valuation mus inevi'ably T1eneyer
made, prove to be much below the cos a. - sink
tbe whole capital Of the company and greatly end tnSer
IRE bOnoholders' No oIe think, can h5sfae 10
beleve ID It cansl sod road such as the company
nov 0ssesses could be msce FOE much less than the
green, del of The concern.
an, if The safe should elect to take the road the
sce skeD thus ssoerttiued, must as II ~pDears 20 me,
lie paid to the company, and not 10 te 6oedhoders OF
whom no mentiOn Is here made. Ar" no., tnen, tue
latter M the position Of a man-A-whO should leai
money upon mortgage of real esate in the Convey
ance Of which the sellef-B-had reserved TO olnseif
q Hght Of redenp ion u ION repayment to 'he pur-
chsse,-COf the price he bad palo The time OF re-
dcmptiOn fhavirg arrived would have any
righ 10 say to that he must appropriate the money
% the pay usnt OF A. II to That he certsiuy
would not II he attempted auy such diytauDn Z
would that all be bad TO do was to take The
proper discharged, az II "oud be- Of he HoOrfgage
and leave il 10 him o settle with a. Gis leisure. An
not III hit ia this 1850, is rot the Stt'e, relation
10 these boD0hOiders, III precisely the cOndi Io1 OF
Can il say 10 the company you must sDply the pro
eeeds OF tie sale 10 tie pay mej OF your debs Wee
x to DO So mig lat not the dire tors reply tbat al 1t
haa TO 90 pay them he moHey ant recceCc faetr
roperty dis~hdrged Of all ctims leaving It TO them to
settle with Their creOitOrs best they could SO'h
as seems 10 me- wOud DO the case, aud If 90, and
TIE dire tOrs Oui divide the proceeds anong the
stock boides ms cad Of the bonihoders, wha' remedy
could The latter have
rtis IT, as il appears TO me, question OF c0nsiders
bt. ia crest; aDo as u1on its decision mus depeo1
altos ehs that Of the value of large amount of prop
e1iy al eAdy held well ~ lbqt o. tie bonds now IN
eour,e of being created by his np4ny, gu will,
d uk be disposed 10 excuse for troubling you
With this loIg commune stiOn 10 regard to It
October %, 1855. CONSTANT READER.