New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-03-08

ACKNOWLEDGEMENTS. IL l9l -
The business Of the Clearing House was 1886, oO0
The Western mails, in consequence of the snow
drifts upon the railroads. back for several days
The Erie and State Line Railroads understand are
now again open. The detention the mails, however
has materially checked business n the street
The steamer to- ay, the Etna for Havre, carried
s93. 46 in gold. The shipment by the Arago to-mor
row promises to be about 100000, making about
al, $50 900 for the week.
The Commissioners of the Canal Fund propose to
advertise new Canal Enlargement Loan of g. 900, 900,
to be awarded to the best bidder the 25h of March,
in State Canal cent stock, redeemable in 1874,
being the remainder Of the two and quarter millions
authorized for the financial year ending 3Oth OF Sep
tember next.
There is somewhat increased demand for Money,
but the supply is abundant at al y cent on call.
We think the banks little startled By the large
gate increase in loans indicated by the last week
" statement and disposed to hold up little this
week We should not be surprised if the loans and
discounts Monday were but trife larger than on
last Monday and not much surprised if they show a
contraction.
We regret to learn that Mr. Wallace, of the firm of
Stevens, Wallace IL Morris, has been obliged to
tire in consequence of i'll health He will, learn,
under the advice of his physician, make voyage to
the Mediterranean, and hope viii return entirely
cOnyaescent.
Among the passengers by the Arago tomorrow will
be NJ Paul Dnet, bearer of dispatches to the French
Government NJ. Dinet is well known in this city as
bon c0m0r0dc.
In -four there is not much change. The inquiry Is
limited in export in the absence Of foreign advices.
State brands are g. 81 2j Wheat il held above the
4 -. I.,f
closed heavy at 65 zoe. for Western mixed. Pork con-
tinues dull and little decline has been submitted to.
Mess is SIS e. and Prime sl4a4l2i. Beef Is steady.
Bacon is lower and Cut Meats steady. Lard remains
without change with sales at los l0sc The Wool
market is buoyant Sugar is steady and in fair de-
mand The auction sale of Coffee to-day was largely
attended and full prices were obtained.
Mr.. Joel w. White, President of the Norwich and
Worcester Railroad Company, has addressed long
communication to Mr.. W. Farnham, published in The
Norrich Courier in which he discusses the errors in
the management Of railroads. and the causes OF their
Appropriateness. The principal of these he con-
sders to be low passenger fares and rates OF freight
high speed of train increased weight OF engines, I'M
equal compensation OF employees, and the like. Mr.
White says:
prom facts developed in the use of the Northern
large extent been freight al ruling rates ior the past
few years the fact il now setted that before the
stockholders were aware of il, the whole capital OF
these roads had been literally "crHshed oHf' IN the
service Of the public at remunerative rates. Hence
arises the question to what point can freights be ad
vanced 10 make them remunerave and yet not be *
orhient for the public
Ny experience has taught me that no road should
ever eght-wheeed freight car for less than ~
cents for every mile whether it wss loaded With the
usual quantity Of eight tuns, empty. 10 meet the
case, an arbitrary rule must be adopted u charge
rates that would produce that result; or the margin
above expresses viii prove too small to inset deterlo
ration and reward the stOckhOder.
Three cents per mile for each passenger on trans
running at speed of 20 miles the hour WI prove re-
munerative on all New England roads; but cents
per mile Is wholly unremuneratye when running tne
trains at IS to 40 miles the hour, to say nothing OF the
gross hazards a. to life and machinery incurred by
such rapid movement"
The remedy for these evils Mr.. White says:
" Lies within reach Of the Railroad Corporations.
Let a Convention Of Delegates from all the New Ea-
gland Roads be called to meet in Boston. Let the
meeting be held in March-a favorable time Tor ar
ranging for the business Of the coming season, upon
basis that shall be jus. to al parties and indicate tne
character and competency Of those Entrusted WIZ tne
guardianship Of the most important interest IN Tie
New England States-RaIroads.
The statement annexed shows the loss upon three
lines Of IRaiIrosds-aa enormous assre-