New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-02-23


The March interest on the Bonds Of the Ciy OF
Wheeling i. advertised to be paid by the Ono rfus'
Con psDy.
The FIusbng Railrosd Comp'ry vi J p.y 'he h4f'
yearly ip,ereE on the Bonds Of the Company falling
cue March 1855, on and after this GATE at the Office
of the Farmers Loan and Trust Compso 10 ths Guy
In regard TO the negotiations in Loudou OF the
Panama Bonds, We learn that sales have been m tie
Of fair amount b. yond those advised by the pre-
yious steamer, end that the entire amount would
rrobablv be 5000 closed The london Morning
Chronicle OF the Cd has an exrended notice of this
Road speaking in the highest terms Of the enterPr'e
II says;
"Irs effect upon the commerce Of the world, Sheu
ts sdysnis gee are fully developed It dcult 10 IS
tin ate but il il the only easy raosit for ptssen
gers and the only practca'ie one f'r merou '5 II
IL evident thA il will open an Important coaonei ot
communication bets ecu the two great oceans, anf
become a source Of very ,arse revenue to its pro
tctorr 1t extends from Navy Bay, 90 the Au,u1c
10 rie Bay OF Panama on the ia inc ts entire LEM
BEN less than ~ miles. lie gauge IS five feet i's
eraC,s easy the bgbes fra short distance near me
summit being 90 ftet 70 the mle on the Pacific, and
SO Ct to the tmlle on the Atlantic rlope tne sum
nit being only go feet above the level Of the IL
is well quilt and in the opinion OF engineers Who
have reported upon it, is in every respect a. good
road a. any the continent OF America
The revenue Of that port OF the road hitherto used
terminus to PoDams, has been sufficient 10 pay all
ruuIi1g eypehses ard leave on ample surplus u pay
interest on It's bonds AID dividends on its stock,
averaging over 4 cent per abnum. ms reveoue
has been derived from d single frt' each Ssy dillY
Fix DAYS in the week. TIE average receipts have
been moe THIN SIG, upward Of - l0I sterling per
mile for every mic a trau ~ b-en ran, being m)fe
thsn times the average receipts on the best roads
the UIited States or Europe. With ca receipts the
proportion OF expei to income IL much le-s tna1 on
any other TOsd in the world and when IN iul opera
ton II is supposed that one6th of is gross inc0
will be sufficient to pay all re txoen'ss. witnout
reckoning upon any increase Oftrsfc Across the 18th
mus 1ey0Dd tie average Of The last three years Tue
increa rates Of charge for through rsn.t Til yield
net revenue Of fully - y cent. on it, entire cost,
while the cbsrge 10 passengers VIII neo be Only about
no half and for mere fifth of thu former
expeuse of mule carriage. The amount expended
upon tbs road 10 ths date, is abour So 100000 81
900. 600 II is estimated that eli 600 600 more will
replace The wooden bridges with iron, ho-h and fully
eaUp the road tor expected Increase of trhic mlsng
the entire cost Fl 400 600 sterling, or :. 600 900.
Thus a. been pi-hed by The enterprise OF our
II al Satanic brethren, at an uncomfortable cost ia
view Of It's importance, work which many pro- |
poppced an inpr zcticsbtY, and all deemed hazard
Gus uncer,akipg. continent has bsen plefcsd and
two great oceans united. a new highway to con- !
meTce has been opened. AID when tbs current OF
trade sbs flow into its channel, the world viii |
wonder that this long talked Of uuion Of the Allan
tic and Pacific sd hot De.n earlier cousummated.'
We hear Of quite large amount Of Wders by the !
last steamer for American Stocks but mostly they
are limited below the pres.n market prices, and can
not be executed One leading foreign house received
bid from the confnentfor the remaining half million
of Illinois Central Freeiand Bonds, but we have
lean ed that it was accepted II Will be remembered
that the entire issue of FreelaDd Bonds was three
millions, Of which two millions subscribed for
here and OF million reserved for foreign stock
holders OF this million 100000 have been sold in
London by Mr. Sanford, OF the Directors of the
Company, snd the other $500 600 has now been bid
for from he Continent. The Company have beeo
recently paying off large ano1nt OF its floating debt.
relation to the question Of usury in connection With
the Bones Of this Company the annexed extract
from The act of the State OF Illinois, is pertinent;
AN ACT TO Incorporate the wsbssh Valley Rsl'ost Com
pspy ard to 7, guse the Capital atoek Of other h4ioad
Passed Jupe o. 1852 4.
ssc Con osny hereby suiboized from time to time, 10
orrov sueh of osy Dc necessary 10Y
flashing aiibe their ssid No'd 1no
ie., than $3.50 az such Of interest not exceeding seven
cent rtr and sUoh discount e n7y % thought
to- .sion hal amply TO eli Railroad Iocorporsious In the
stse which avail themselves Of its P'ossions and
any amount borrowed and te,ee their corporate
ard Franchises convey the ssm7 by Deed oi trust
cure payment Of oeb contracted oy 'sd 'on'"S
for the purposes aforesaid. .c,pn,
for the month of
90 80 ~
same mouth last year. .......'.''''''' "'l" "
Ipcrase........ ............ St.bH VI
We have Low opportunity TO compare the re-