New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-06-16


Total receipts TO June TO- Is54.... d,5H 81
Increase this year....-...........sl22 80
In another column viii be found article in regard
10 the welknown slate quarres of the "New-England
" Mining and Qugrryipg Company" at Vernon, in
Vermont and which contains s. atements com nending
them to the attention of capitalists. The agents of
the Company here, Messrs Burdet, Davis Main,
No. 81 wIpiamst, an ereerprsing firm recently estab-
Isbed, have on hand specimens Of the slate referred
to in the article and will furnish applicants with
pamphlets containing fail information as to the condi-
ton and prospects of tte Company.
The Money market continues sbundanty supplied
without change in rates. Call Loans 5a7 cent.
Paper, which is scarce, sal y cent for first class
The offerings at Banks are small not eIual to their
ability to discount. The Stock houses OF modera'e
standing have more money pressed upon them than
they can proftably use.
The Saul Ste. Marie Ship Canal will be open to the
passage Of vessels on Monday, the 18th inst which
day the Illinois III being the day of her regular arri
van will have the honor of first passing through the
locks. For number of days past water has been
gradually admitted into the canal during the daytime
and drawn off at night. In this manner the work has
been tho roughly tested.
Active hostilities have at last been commenced be-
tween the New-York Central and the Erie Railroads
At q meeting of the, Directors Of the Central Road
held at Buffalo on Tuesday, at which every Director
was present and where the Hudson River Road and
the Peoples Line the Hudson River were also
represented it was resolved, unless the Erie Road
could control its branch roads to sustain the
through fare at the rates agreed upon time since,
to reduce the faretrom Buffalo to New-York via the
Hudson River Road to 81 90 aad the River to SC So
A second class cor is also to be run, attached to
the frstclass trains, at 81, but whether this lat
ter price takes the passenger to New-fork,
or only to Albany, could not learn. There
has been considerable bad feeling between
these Companies for some time past, each charging
the other with bad faith until the mutual ordinations
have resulted in an entire rupture of the understand
ing entered into last Winter. The real merits of the
ease are easy to get at appearances are against
both Compapies and il is rot improbable that the
subordinates Of both Roads have occasionally broken
over the agreements made by the Managers In their
anxiety to obtain business for their respective roads,
The principal charge against the Erie is that passen
gers are tcketed by the Buffalo and Newly City
Road through to New-York at Sc so, and handbills
scattered throughout the West by that Road, signed
a. d. Patchn, Lessee" state the firstcass fare at
that price, being reduction of 81 so by the .
O'Clock and O'Clock A. M. Express trains, and
at g by the 5 O'Clock p. NJ. night Express.
On the back of these handbls is statement claiming
a saving of 81 to $3.50 by the Erie route over the
Central and Hudson River routes. In answer to this
the officers of the Erie Road state positively that they
have no control the Buffalo and New-York City
Road and that they charge that Road local fare 1905
we think, from Hornesvic to New-York; and that
under tile present arrangement the Hornellsville Co.
loses Is cents its through passengers in addition TO
the gratis service of its own Road. The following is
the circular OF the Erie Road to all the Western
Roads having ticket arrangements with it,
OFFICE GENERAL TICKET AGENT, New.York, June T.
DEAR SIR: On receipt OF this or as soon thereafter
az practicable commence the sale of NrstClass Tic
kets as follows:
Donshk to New.York..s7 40 Buffalo to wYok...s6 50
Please designate on the tickets that they good
only on the morning train from Dunkirk and the 6
o'clock AM. train from Buffalo.
This a slow irain and is offset to the train
the New York Central Railroad which connects with
the steamboats, on the North River
On the O'Clock A. NJ. train from Buffalo, and all
other trains the fares remain the as at present
viz. 80 81 from Dunkirk to New-York, and 50 from
Buffalo TO New-York. Yours &c.
G. l.. DUNLAP, General Ticket Agent.
The Central asserts that in Convention the Erie
managers did promise to control their branches
while the Erie replies that they could not have prom
sed to doso as they had no such power; but that
they did agree if the branches became rebeous, to
charge them local fare, which they have done. The
Buffalo and New-York City Road action appears to
be the principal bone of contention and it appears to
be question of veracy between the managers of the
Erie and Central whether the harmonious arrange
ments of last Winter or were not made on the
basis that the Erie should prevent this road from cut
ting down fares below the sgreed-upon rates. The
Erie, upon their SIDE charge bad faith upon the
Central in taking freight cattle especially, below the
prices agreed upon; in giving free passes b drovers
&c, and various nisdemeanors Of that kind
The Central pleads not guilty to these charges
As Che public get the advantage of the reduction IN
fare, the question as to which party is amenaoe 10
censure for this result may be properly left TO the
stockholders Of the two roads. 1t is deeply to be re-
GREETED for their sakes that the of prosperity
which is before these valuable works should be
checked by this senseless competition and the value
Of the roads deprecated by eating down fares 70 unre
rates. The stockholders will undoubtedly
ook into this matter unless an smicable understand
ing can he sgain had. and where blame attaches VIII
spply III remedy.
Ofthe s. 50 first class fare from Buffalo TO New
York the Hudson River Road gets 81 so FOR its
'ervices
The steamer tomorrow will take but moderate
amoun, of specie.
Over 5000 900 in small silver change from hall
dollars to threeeen. pieces are now lying idle IN the
Federal Treasury.
The Connecticut House of Representatives, has
voted to repeal the free banking law of the State by
Yeas g. Nays 90 and is understood that the Senate
win concur therein. There are thirteen banks In the
state Organized under the law. 1t is proposed TO give