New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-02-23
Total cost of the road now ...................,

Of the road
Messis Aspinwall, Gould and Their associates pro-
pose TO the Company to issue new second mortgage
for o. 500 OOO With 800 900 Of this they propose
to take up the present second mortgage bonds; and
for the balance of the issue viz $4,000 OOO and for
So 900 of third mortgage and income bonds, they
agree to finish the road from Cincinnati to Vincennes
from Nncenues to st. Louis the road IL now in rum
hing order They also propose to pay the interest ac-
cruing on the bonded debt until the road completed,
and to pay the floating debt of the road. When the
road is fully completed the bonded debt will be
$40 OOO The plan is to alter the guage from the
present width of feet to the ordinary width OF 90!
inches. When completed it will be one OF the great
trunk routes to and from the Westopening from st.
Louis Cairo ard Louisville to the East. 1t is intend
ed to complete the whole road in eighteen months
from the first of May next.
large dsge-making concern of this city-Messrs'
Richardson-have suspended payment, owing some
$500 900. They were crippled by fire which de-
stroyed their works.
The business of the Clearing House was $40 600.
There is no change in the Money market; but If
any, there is an increasing abundance of money on
call Large amounts are now offered at 6 cent,
and the leading houses cannot lend their balances. On
time loans the rates are higher.
In the Produce markets there moderate business
doing without important change in prices. The ship
pers are not doing much but waiting for later for
eign advices. Flour is Sc 1891. Wheat is irregu-
lar sale oflO, 900 bush. Canadian White was made
at 81 U.s. Rye at the decline is more active; $4,000
bush sold at 81 ls al 20, and 20 900 BUSH for Spring
delivery at 81 Is. Corn is heavy and dull at 70 977c
for Western Mixed. In Cotton the speculative feeling
has subsidized, but holders are firm. Messrs. Nell
Bros. say in their Circular;
Since the sailing Of the Persia "Wednesday the Letters
Canada have been delivered but tie Atlantic heard
Of These Letters read fayoiaby for the chance Of peace
than the previously tegs he'd and many spec ato
certain overlooking the that tie Governments i'm
tie suSe have LOT Soeshi i safe to make any pause IN eI
preparations ior war Hence The sales Of the past two days
holders, who anxious TO secure present high prices
with those OF SIS proof that the crop will not be much
larger than that This eslcuaon however odmits the
Joaut that the bulk Of the Red River and Wsshts
crops bad been delivered PRIOR TO this date IN that year where
have TO receive during the Spring mouths the greater
poron tie last crops Of those districts THIS item alone
should make difference CT ~ least SeV bales II the quantity
yet to he delivered
understood be executed and hence the Orleans AMI
Mobile markets quoted weak and with downward tendea
Liverpool by the Canals Of ten OF the English
punes have yet made change in their limits since the
change in political prospects, wishing naturally peace
es'ee before Psy1s peace Prices Hence .:oad there be
Ahae the present speculative confidence prices may recede
should have large supplies the ports the general
Of those limits"
An Insurance Company, under a novel system, has
recently been established in Syracuse, called the
Tempest Fire and Marine Insurance Company. L. is
nether mutual nor chartered stock company, bu.
rather eopartnershp OF underwriters who joint
~ ana severay liable to make good the risks assumed
both IRON Their associated and private Though
entirely new IN this country N its application to the
business of insurance. this feature is VT understand.
common among the Insurance Companies of Enslani.
and, where the parties OF high character and
ability, forms unquestouably the soundes, basis upon
which confidence and credit can possibly res.. We do