New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-02-07
TuIentine, 49, 80 BIS. Bacon, i1isi 80 casks

TIE following sales # Bonds AMI Socks we're male
g. suction b. Sire0n Draper
2Coe Memphis Civ &. 1877 Int ili@l.i
5otO ono and Mi-i.,ipp "a Ma ....In atdei s..
400 Hudson Bi,-r R. K 81 Ns..........Iat .da.t.
Ia sh.re, stoEinEfon R.. ...6eiii
TIE City Fire Insurance Company has declared
dividend Of sl3 y shave. payable on he I9'h inst.
The New York Life Insurance and Trust Company
= cent payable on the 10Th inst.
The Clea,iog House business i beco niag larger.
The Exchanges to-day were 81 s6o, 800.
Messrs. Adrian II Muller & Co.'S regular semi
weekly .ale Of Stocks and Bonds will be held -
morrow. "Wednesday the 7th lost, at l9l o'clock,
st the Merchants Exchange. Their lst VII co npri'e
laree amount # irst class City, Safe, and RalroH
s,ocls and Bonds, sold b. order Of James G. kiag,
Eco. executors and others.
At o'clock this afternoon there we're $40 oo1
in bars and foreign gold engaged BY the steamer
TO morrow. including 100000 in sovereiges This
did not include Bclmonts shipment Toe steamer
will probably take between $500 900 an1 5000 900 In
Specie The Aspinwsll steamer nov due will 'rob-
ably bring million and g quarter, which will pre-
vent sny drain on the banks for week or two even
should the shipments continue. The banks how
ever will probably lose some more gold 70 the South
during the month.
The Fire and Marine Insurance Company has de-
Glazed semi.annual dividend Of 10 2 cent, pay
able on demsnd.
The Rock River Valley Railroad is advertised fo-
sale on the pain OF March next, at Janesve, by the
trustee Of the mortgage bonds the company having
failed 10 pay the interest thereon.
Mr. Eleezer Lord, who was, we believe three
times At different iniervas the President of the Ere
Railroad in the early part of is history, aud who WIS
BY OUTSIDE pressure forced TO resign, very much -
his own dissatisfaction, but 10 the great satisfaction
Of every one else, has written and published an &C.
iavo volume Of 2is pages, entitled \ Historical
Review of the New-York and Erie abroad
From this Review it would appear that here was
never any special ability in the arrangement OF this
great work excepting such as Mr. Lord brought inio
IT, and that the acme OF engineering skill in building
railroads consists in following the wndings OF the
valleys instead Of grading the hills, and in laying
the supersructufe on wooden piles instead Of road
bed of earth. Any one who has seen the double
row of pipestems still to be observed project
ing from tire swamps at the western end OF
tie Erie route, viii find il difficult 10
conceive that at this day person could be found
rash enough to peril his reputation for sanity 81 de-
Tending those melancholy vestiges OF Engineering folly
Tie inference from Mr. Lords book is that if he had
been suffered TO remain in the management OF the
Erie Road it would have been completed for ten mill
ions OF dollars, " whence we view that those who
have managed it have wasted netting Ike ,0OO
coo, how, does not appear very clearly even to Mr..
Lord himself excepting so much OF i. ne is gone for
The double track. The road his evidently been very
VI fortunate in losing the services Of Mr. Lord and
the worst feature Of the is their entire obtuse
mess TO the fact. Aside however from the peculiar
idosyncracits of the author, and overlooking the
tone given 10 the book by his preudices aud an'ag
onsm there is in it good deal OF interesting uformi
ton OF the early struggles OF this great enterprise
To give some idea of the ente!t anment 10 which the
is invited, give the headings OF few OF the
chapters:
Organization ofthe Company, ls33-Nr. Lord ap-
pointed Presdent-Douations OF Land pledged
Resignation of Mr. LORD, ls35-Unfortluate COM
mencement OF the work on the bank Of the Delsvar
River.
Losn OF 50 600 900 granted by the Legisl.,1re 1896
CONNIE rcal II vulion-E nh nis OF the Com
psby-lll effects O; the contracts on The Delaware
,oiioD- Disconinu sDce Of ben-D scoura gements--
Suspension OF operations, 1897.
Contracts for coottfucdng the road from Piermont
TO Midde.Own-Mr. Lort, COmmssi )ner-Si1-feet
gsuge-ResigT alton of Mr.. King lo39-Mr. Lord a2-
pointed PresiGentContacts from Binghanion TO
Hornellsvie, III miles-U.e of piles.
Compromise with the stockh elders who subscribed
ration Of Mr. Lord, May. lsil-liis letter, stating
the condition Of the CompaDys affairs on his retire.
ment.
NJ. James Bowen appointed President Finances
of the Compsny-Operog Of the TO a from Perm mt
TO Goshen-Depressed sfate Of commercial affairs
Great decline 10 the price Of State stock-saspenon
Of the Com aDy-Assignm
Mr. Horstio Allen appointed President October,
lsi3llis report, February leif exhibiting the
di'ion of the rosd and the Company sairs-Sho wing
that 81 600 600 would De sufficient to complete single
- a.. a. L..
raise So 900 00O-Removal Of the assignment
ment Of outstanding d-btednsss-Surrenser of all
the pending contrscts-Flnancia condition Of the
Company.
A ,e OF the road by the State ;hres,ened aud ex-
peeted-Mr. Lord reelected President October, lsii
Resumption of work.
A majority Of the Directors induced to repair 10
Albany during the session Of the Legislature, ISIS
Msied by the enemies Of the road under preten.e OF
friendship, and drawn into variety of commit neats
A Branch 10 Nesb1rsh b, the appointment Of Com
missiorers 10 determine the location between the
shawapguLk Ridge aud Bnghamton, and as 20 8 d.
version into PEI n.ylvana-Thelr contract with the
Delaware and Hudson Canal COmpsny-Dssigns Of
the er emies of the road 10 these proceedings-A
Ioyal Of the President deemed Necessary the
cution CT those designs-That project not accom-
pishtd.
The Treasurer rihholds the payment, Of interest
for the avowed purpose OF bringing the affairs OF The
road to q crisf-Paper ssned by the mi,led Direct
ors. assuming all responsibility toward the Sock
holders and the public for completing the road
Resignation OF the President, 9Th July.
Appointment of Mr. Ben amin Loder az President
-Dtlusive views under which the Directors proceed
ed - Their candidate for Chief Eng ineer - His sp.
yointment an nretrivsbe blgnder.
Results Of the incom potency OF the Chief Engineer,
and his visionary theories and plans adopted and
carried out by the Bosrd-ShOxing that there has
been about $2i OOO, 900 more expended han was
cessary.
Examination OF the reasons l5shed by the Di-
rectors TO account for their eIpendi.ures-
Their theoretical notions Of improrem<a,s.