New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-06-15
Atths sznusi meeting Of the stockho'des OF inc
Chicago, Alton and St. Louis Railroad Company,
Gate Chicseo and Mississippi Railroad Company hed


Chicago, Alton and St. Louis Railroad Company,
Gate chicago and Mississippi Railroad Company heid
a, bloomington Illinois. on the 18th day Of june $780,
Tie following gentlemen elected Drectors for the
ensuing year: Seabury Brewster, New-York; Henry
Hoicbkiss, New-Haven, Conn.,; Samuel NJ. Batch
ford, New-York; Hamilton Spencer, Bloomington,
H.; Henry Young, Ncw-York; William H. Smith,
New.Yolk; James Wright Owego, N. T.; Unah j.
Smith, New.York; James Low, Nev-York. At an
adjourned meeting Of the Board of Directors Of this
Company, held at their Office the I'd inst, the fol-
wing preamble and resolution were unanimously
adopted:
Board bis esigrs ion President ami Director OF TINS Con
Isrd iIsf The hanks Of this Board be rendered 70 Mr.
Geud m he ysluLb bic services rendered ty him 20 this Com
TAry times wien sEeh services we're enseny useful and
hs RoGd that The state OF his health prevents n con-
tru.nce a. Director Of HE Company.
The Bank Of North America has declared semi
annual dividend f3 2 cent, payable on the I'd July
We published on Wednesday the annexed telegraph
dispatch from st. LOUIS
"rroceedngs are now being instituted by the City
and County of ST. Louis To restrain the negotiation OF
bote in favor of Page Bacon for the SUN OF
81 lss 5s5 dated June s. l-55 payable five days after
date urporting to be executed by the Ohio ani Mis-
sissiI ri Railroad Co and to be scared by their deed
Of trust The legality and validity of these instru-
ments are cenled."
We low learn that an Injunction was obtained
against the negotiation Of the above note and that it
bas been served by telegraph upon the parties IN
,eres,ed Lere The action of the Directors of the Road
in this matter Yves as follows:
"Atansetrp of the Board Of Directors Of the Ohio
ard Mississippi Railroad Company, held on the 5ih
inst pIe-ent Messrs Bacon, Alexander, Garrison and
Telcl.r Pore x Becons account was re-settled, and
a note hearing date June S, 1855, was given signed
Daniel H. Garrison, Vice-Presdent for Sl,155 4s4 Gl
Jaysble IRE days from date to the order of Page Il
Bacon and deed Of trust on all and singular the
premises ard property. and all the appurtenances OF
Ire Ohio md Mississippi Railroad Company, to j. H.
Al. xepder Trustee, conditioned that In default of pay
IL nt Of sad note ano interest at maturity, the sad
Trustee shall, when required III writing 5yPdge
enter in and upon ard take possession OF the
Jremits and pro- erty of said road, and take ald re-
cove and recover the earnings issues, profits and pro-
c, cs and apply them the debt for which saii deed
of tiust is giyen and wnen required il shall be the
duty Of tie Trustee to dispose OF the whole or part OF
said roIeity by giving twenty days notice III paper
Iubfled in ST. Louis al the north door OF the Court
House, first peyng the expenses Of the SALE the bal
ance 10 be paid 10 Page Bacon
"The deed of trust is signed by order of the Board
tie above named Directors being present, by Daniel
II. Gan ioD, ce.PIesident OHIO and MISSISSIPPI hau
road CoEpany
Tie previous arrangement to issue to Messrs. Page
& Bacon 81 500, 600 of Stock was cancelled by the
Executive Committee Of the Road. We do not sup.
pose that Mtssrs. Page & Bacon intend to take any
action which will prejudice the interests of the stock
holders but the above arrangement appears to give
them the power 10 sell out the whole at once,
and cut off the stockholders entirely. Az Messrs.
p. b. have just paid off their creditors to consider
able extent in this Stock at SO is not probable that
they will now take any steps to aDnihiate it, value.
The business ct tie Clearing House was SIS, POI o79.
Tie Cotton market is inactive buyers being unwil-
ling to submit to the advanced prices demanded. The
accounts from the South in regard to the rivers
contradictory. We understand that the scarcity and
high prices Of Corn at the South during this have
induced planters to turn their attention TO raising
food for their negroes, and less to Cotton 1t is sup
posed this will have material effect upon the product
Of tie grow ing crop. Flour is rather better to-day,
but Csrn with large business, closes heavy. Provs
lois are buoyani.
The Chicago and Milwaukee Road is doing large
business quite equal to the capacity of their present
equpoge. 1t is of the most successful of the new
roads formed the West. The stock, we believe, has
never appeared in this market
comparison of the footings Of the weekly Bank
Statement of the Boston Banks with those of the State
ment for the previous week exhibits the following
result: