New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-03-22

This gives decline of 40 y cent. for the season
| since Nov. l.
| The Railroad Convention at Pittsburgh has sd
iournod to meet ia Buffalo on the second Wednesday
of November. The New-York Central, and the Bal.
timore and Ohio Roads, tao very important lines,
being un,epresened, the Convention deemed it mex
pecient to make any alteration al present in the
stipg rates OF tariff for fregh, and passengers.
The Auditor Of the Canal Department hss made a
communication ia which be makes the following
statement:
For the past year many Of tse Banks ia the West
ern portion OF the Stae, selected repositories OF
Canal Toll., bsve almost exclusively conhaed their
business TO paper having very short time 10 run,
var ing from ten 70 thirty days the effect OF which
has been and must necesss lily be. the creation OF
division in favor OF the railroad rather than the ca
nal Transportation For while the forwarder by the
railroad can press his produce to mArset and realize
receipts from in time 10 meet such bort paper when
il becomes due; the orwarder by canal requires mora
time and i. unable 10 do So lie is obliged 70 meet
lis note from other sources, or abandon the canal
ana transport by the r0sd. The railrO 81 patrons
thereby get all they need-.he canal patrons 90 un-
accommodated
In bis opinion il d competent for the Canal Board
in dircharge Of their duty 10 the State 10 such
condition TO the deposit of their tolls will secure
to the for~arders by the canal in the banks p.rtci
pating in the deposits of canal moneys the discount
of such class Of psper as will promote the interests
ard business OF the canal and not divert and force
trade the railroads. lie therefore recommends the
adoption Of the annexed resolution:
Reor,d Ths, expected by this Beard that al Banks
cevDs the benefit Of the deposits OF tue eaas t2' will use
the the discount OF such paper 80 viii tend 70 prom Je
sud bonss OF the canals ard iot % divert trade
herro; and that transaction By b.nt having tepo
m OF tolls Of business 10 such 70 cteste d.
favor Of railroad rather than canal sasportatoa
will by this Board sufficient cause for the with
al Of
The Legislature of Missouri has passed al act for
providing Sinking Fund for the debt Of ST. Louis.
The second section says:
syo There Is hereby crested Sinking rund for the City
of 81 Louis the proceed, lof wheh shall BE-
susy.v 10 The purch.e bonos issued y city, Said ad
sss Of the proceed. ct The sale Of the city stores IN
ihe sales Of he city made 10 1854 sad three
Of the proceeds Of the sales OF common oe'nns
70 stoc. bson.iBs city in any road terminating 10
The city or opposite tho Ia the State Of Illinois AIT IN
nondsy in October Ia eseh ard every year pay 70 the
Furd conmSsoner the um e 5000 o1s Of the general
rsy.rus Of tie city which zth.r With the money rcs-
ard r.oad rocs shove nertioned .hsl constitute
r-t5s revaes5e sinking Faad for the Paym;ns OF tee
/ city eebt -
TIE plan Of asking the loan Of the State credit Of
Vermont in cid Of the Rutland ard Central Roads,
meets with much favor with the holders OF the shares
and bonds ard the uessuie is believed to be fesble
Il IA proposed tina, Vermont shall issue 90 900 900 OF
p cent. Sterling Bonds, payable in London in 30
YEAR. and secured by fret mortgage on the entire
property and franchise OF the Rutland Central Roads
in place of their preeent mortgages. The debt Of the
Rutland is 5O0 coo fret, sl 200, 900 second, and
e. 900 600 third rrorgage; and the debt Of the Cen
trail ia e. 600 900 frs, aud g. 500 COO second. Total
200 coo for the Rutland, ana o., 500 900 for the
Central, amounting altogether to $4,000, say
eight millions in round numbers.
The Directors Of the Vermont and assschusetts
Railroad Company ask Massachusetts to loan them
its credits FOR cent Sterling loan for 81, 600 0o''
to Re raised in London. The State to have nof'-
esge Of the Road it's sppurtenances, and 10 iran
| chise.
A. Boston money is abundant, and rates tof me
best Iotes IN Sta.es. continue 81 Y cent Loans
es call ona day. notice. on satisfactory securities
| from 81.