New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-02-17


FRIDAY Feb. l6-P VI.
There was large business done al the Stock B)irl,
today but generally the MAJ ket was heavy, espe ay
at the Second Board, when Erie fell off 70 4'l, q
decline Of y cent from yesterday. Reading declined
/ y cent Hudson River cent. Panama, VIII b
opened at ll3, closed at III, which was yesterday
prices; n. Y. Central declined / y cent; Gambler
land Y cent Nicaragua ! y cent. The Western
Roads are without important change. OF Railroad
Bonds, tll5 900 were sold, with important fuctua'
tons excepting in Erie, 1875, which fell off to -.
Generally, prices of Bonds quite firm. The sales
OF State Stocks were $50 900 Vrginias 9j MssOurias
"a; Louisiana 6s, s7I, &c.
The market for Exchange is steady and not active.
Sterling, 9q9l y cent; Francs, 5.l7l a515i. The
supply Of outede bills is moderate.
The receipts al the Sub-Tfeasury were sl46,9
payments, s27 1885; balance, si,46l, 25O.
The following sales of Bonds and Stocks were made
at auction by Simeon Draper:
$500 Hudson RiseI Railroad % mort int ,dded ~
sltOo Chicogo sod Rock leland R. Ts..int sdaed %
shares Farmers Loan and Trust Co... .'.'''''''''"
81 shares Chcsgo add Rock Island Railroad ........d
The follow ing W solo in ons lot for $4,000;
$500 La Crosse and MissS.ee Railroad 81. With farm
Ss 's5' Steven. 'l CO. 20 Aeesp'..ss ass$
Hiss safCO Note Of G shure@ mann $1,000 Note Of C P
straw Nil ina Coz 90 70 Hsverstraw Mining Co 600 Ac
ceptsnee Of Gregory Burnett 500 Note of A. j. Smith
We have received the annexed cardfor publication:
The AMERICAN EXCHANGE BANK,
NEw.YoRK, Feb. l6, 1855.
At a meeting of the Directors of this Bank, held
this day. the resignation of e. A. Meigs, rendered
some time since, was accepted, and Mr.. Geo. 5. Coe
was appointed Cashier.
The resignation Of Mr.. Meigs, and the appointment
Of Mr. Coe, to take effect on the 10Th inst.
tof,r to
Megs were unanimously adopted, and a compliment
airy testimonial was voted him.
The drafts of the LookpOrt Trust and Banking
Company, protested yesterday, were paid to-day.
There had been some delay in the arrival of remit
tsices.
The business at the Clearing. House was sli,.
O65, 600.
The Specie Certificates Issued by the Bank Of
America to facilitate settlements between the Asso-
ciated Banks have received printed mark, SO that
those which were lost yesterday by the clerk Of the
Commonwealth Bank cannot possibly be used.
They are ALEC to be called in and replaced by new
ones at once.
The following are the receipts Of the indianapolis
and Cincinnati Railroad for January, 1855;
From Dse"'''''''''''''...*lt,ss =
From From msisno, n,: ''''''''''''''. 7 -
7ot.l......................s @,5sas
Total recsiP ior January, is5i......... ias54 81
The receipts of the Baltimore and Ohio Railroad
for the month Of January were as follows;
70, s Ns9 e% s Wsis b 81 TSts s Ia
For Freight. ""...... 2S,2Sa 5000 81 Sc599i q
rO.............sSs6,e 25 Go ssa6s II snOsn 81
As compared with January 1854, this shows a total
increase OF s92 056 49, Of which ssl7i6 &c accrues
from tie main stem, and $40, 200 e. from the Wash
ipgton branch. The increase on the main stem is
entirely from freight, principally -four, grain, lard,
butter, tobacco, pork and bacon. The increased re-
ceipts OF -four nearly TO- 600 barrels and OF pork
and bacon of over 5, 400 tuns.
On the 3lst January the Stockholders of the Amer.
Mining Company held meeting to consider the con-
diiion Of the various mines urder that organization.
The parent concern was found to be largely in debt,
ard many OF the mines were in the same condition.
The debt Of the Norwich NINE which is the most
valuable of the mines of this Company, is $4,000.
Responsible parties having come forward and proposes
to purchase the Lake Superior and Jamestown Mines,
and pay the debts against them, the Board was ad-
vised 10 accept of these offers. The policy to be pur-
sued by the purchasing parties as far as the same has
uan.pirtd is substantially this: To form com )any,
under the general law OF The State Of Michigan, for
each mine on the Lake, with a capital Of $500 900,
divided into 90 900 shares IF s25 each 10 provide,
that In case the Directors shall assess grea,er
amount in the aggregate than Is per share, unless
authorized TO do so by of the Shareholders a.
lawful meeting at which least two-thirds of the
capital stock Of the company shall be represented to
form a company under the law Of Nes-York, or I'M
der a specs charter # m the State OF Wisconsin, 70.
the Jan estown Mine, with the sane capital, and d.
yded into TIE same number Of shares as at present;
70 give the right 70 take many shares in the
companies respectively, they hold IN the cor
responding mines under the American Mining Com
pany; to lay assessments, which, with the product OF
The mines shall pay the debts TO work the Norwich,
Winssor and ,nestowo with vigor, and let the Ill I'D
sp, Sharon and Derby lie dormsnt until the Nor
witch and Windsor shall pay dividends, or until the
sbareho ldeis shsn order them worked. heavy debt
will, however still remsn on the American Mining
Company. To meet this, resort must be had 10 sale
Of me One Quarter, 5000 shares, owned by the
conpaiy in each nine and alec the shares IN tbs
good mines, forfeited Tor nonpay men Of assessments.
To secure 10 the shareholders, in the American Min
ing Com ,sny every advantage which their position
will admit of, il is now proposed to cell to the share
holders in the parent Company the 5000 and forfeited
shares in the valuable mines, raiably as follows. for
each share in the American Mining Company,
,bsre in the Norwch mine, at .? per share....$2 20
shsrss In the wndser mine, Of 81 = per share -
,bsres in the Hpdson mine s l5c per share ~
shar,s in The sharon mine, st sc per .aare......