New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-06-18
Total increase of loans for the week..... sl5s,5l

Total increase of losns for the sl555l3
The 81. Louis InteHsgencer of Wednesday devotes
its leading article to defense of Messrs. Page Ba-
con. The Inteliigencer says
"Some of hose who on Sunday and Monday were
! loudes in their denuDciaton of Page Bacon have
already 'faced about and acknowledge that they see
nothing wrong in the effort of Page Bacon TO secure
their debt Any one else, they now admit, would
have done the same and ought to have done the same
| They do not therefore blame Page * Bacon, they
saw but the Directors of the road who made the note
and executed the deed of trust to Page Bacon lhoy
it is now charged exceeded their powers or at least
| betrayed their trust.
"But other facts come up and cut like a two-edged
sword. For while the charge OF betraying trust -
made against the directors who present and took
part in the action complained of and prominent direct
referred TO authority, that " the acton OF
" the directory was kept concealed from them even
after il had been adopted extraordinary faot IS
ELECTED by the Mayor and other members of the City
Government, who personally investigated the TACT,
that the meeting of the Board OF Directors, at which
| tits Indebtedness of Page and Bacon was admitted
and secured TO them, the regular monthly meeting
Of the Board fixed by their bylaws in accordance
with II cir charter. And not ony this the case,
but every Director resident in ST. Louis eight in num-
Der believed notified IN writing of the day and
hour of this monthly meeting, and IN postscript 10
this formal written notice they further advised by
the Secretary lat the instance of Page Bacon that
business of great importance would on that day be
brought before the Board
"1hese facts are vouched for by George X. McGun-
nege, Esq. the Secretary of the Board, who himself
issued the notices and teIegraphed Judge Breese
of Illinois also director, to be present
And again:
at is also true that the debt due TO Page Bacon
is ore that by all custom and law has preference
akother liabilities of the road except the first and sec
ana mortgage bonds
The directors of the road could not honest men,
have refused TO audit and pay the debt The debt is
for money advanced by Page & Bacon TO build the
road. 1t mus be paid. Ii will be paid. Aye, to the
utmost fartbing No Court, either of law or equity,
any jury of honest men under Heaven would fail
10 give debt contracted for the construction of road
preference The stock interests of the road. The
ICED of trust is right and proper, aud any parties will
intel iere only az the cost of making themselves
Individually liable for every dollar involved
Tie Bark of Ohio Valley has been estabishedat
Nashville Ind. with capital Of slOO, 900 to be in
creased to nos exceeding 100000 The Hon. J. Helm,
President, and t. L. Rice, Gather. This il the first
organization Hler the amende, law, which requires
at least eleven stockhods the deposit Of sl0 worth
q State Stock orevery 800 in circulation, with an
additional real estate security Of % y cent
TIE HaiTfopn JoHrHal says:
Tho party of gentlemen that left Saratoga come
ihiee wt'ks ago for tramp through ihe New-iork
Nicebe,s along the route u tie Sackct HarbOr and
hsrai0ga Railroad cslne safely out OF uI,, forest
WEDNESDAY last The party numbered about twenty,
comInsLs ofio'T- and engineers Of the road aad
pleasure sestess. Ofhe number Prssidelt Wad-
DEL, tlhf Engineer Edwards and Lieut. Gov. Ray
AOid. Hap cling Tho bSrdafs Of Lewis 60 Inty
Bst tic ATTY just as they emerge from he 40, lie.
1Ley bad footfd a most u the way. fshing vas
fOtnd abundant and with good luck good sport anL' |
Qood health generally The party enjoyed themselves
bsJy. Tie iOsia was pronounced 10 be much more
iss@hlh And ue iands better ihsn wa anticipated.
F,sm Hsoqa'iie Lake portion u tho party went
syp 10 iha AdirosdAh Iron Works, some 80 or 90
s,ks w. o.s North AID formed high opinions Oi the
o,Gsrsls VI iLsi region"