New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-10-28
win C. Hamilton of New-York, Samuel j. Beals OF
Nev.York BENJAMIN Brandreth of Eew-York, Geo.

T;bbas Of Troy, Daniel r. Goodwin OF Oneida l.
Paddock Of WATERFOWL. The Board have since or
gained by the appointment Of Elisha {. L'.-hie.d,
President; John X. Briggs VicePresident; Charles
A. Macy Treasurer; Edmund d. Saxton, Secretary;
A. F. Edwards, Chief Engineer; and John Il. Mlls a.
Consulting Engineer and Superintendent Of Operations.
large amount OF the work on the eastern division OF
this road was done in 1854, when the work was tenn
porarly suspended, owing 10 the non-fuhIment upon
the pan of the State Of NewYork of the land grants
made to the Company. This has now been fully ac-
complshed, and the Company own in fee over
800 COO acres along its line have provided for all rs
floating debt and have procured entirely among the
stockholders subs :rption for 81 OoOOOO Of lt hrst
mortgage bonds the first call upon which is this day
announced, preparatory 10 the immediate resumption
Of the work sy the contractors.
The Hartford Conn Times Of Saturday evening
say- We are informed that forgeres to the amount
Of $40 600 have come light in West Stafford causing
little talk in that vicinity. The party implicated
the Treasurer of the Stafford Linen Company, Mr.. A.
W. Case The chief portion Of the forged paper was
made out in the Of Asa Paten, esq., as IN iorser
Mr.. T. il one of the members of the Linen Company.
Case has left for parts unknown, leaving his family
behind.
Tie private letters by the Arabia were more favora-
bic than the printed accounts There Is no alarm felt
in London but on the contrary more confidence since
the advance in the Of interest On the Continent
also excepting in Paris there is an ameloraiion OF the
financial crisis. The Circular Of Messrs. Berenberg,
Gossler & Go. Of Hamburg, says:
Money has momentsry more abundant in oonse-
auence supplies of silver from Enssnd aud France
by the decline Of Exchanges Discount has grad
ually declined to and Y cent and eo.es ,tl. ,,h.
Exchanges also advancing again and there should De-
as anticipated suspension Of shipments OF silver 70 the last
81 upX
although must be prepares for continued drain OF ver 20
There has been little more demand the solid Stock. and
Shares especially the Hamburg Bank Shares mproy.
ing prices
Messrs S:alterfort Frost e. Co. of London say:
The financial crs. progressing on the Continent and
attain The commercial community first startled by
further advance in y for 50 dy''
siy approved Of as ih. upon By
own but BY The o, s0m@,G ey our Cos
withdrawal Of bullion and of English capital The funds
inr Than lat vt"s This measure calcuated to discourage
speculation the most article. Of produce have al
country and Of its trade is considered to be sound
The Daily Wisconsin, of the 18th inst, contains the
following synopsis of the bill granting the public lands
TO the La Crosse and Milwaukee Railroad Company
I'VE publish to-day the act of the Legislature con-
ferrpe the North western land grant on the La Crosse
and Milwaukee Railroad Company. An examination
will chow that II is fair and liberal law. While II
will immensely develop the resources of the state 1t is
so liberal to the Company that they will be able to
obtain the large means to complete this immense cham
of improvements. The distance from Madison to Co
umbus via Portage City, to the ST. CroX River and
from them thence 10 bayfield,, on Lake Superior, by
way of Superior City, is about a miles The amount
of land the Company will obtain will be about JOoOoO
acres 600 600 of which is not extray agant 10 say
will be good wheat land IA there is in the Union
Population will flow along the proposed line OF
the Road, and by the time the Road Is completed TO
- c. tho lnE1n will mi A ha
Road return fair interest for in new and prolific
country farmer of the second year settlement is able
to send considerable wheat to maket.
Our Eastern friends will observe that the La Crosse
Railroad is 10 pay t. cent of s gross earnings To the
State TO commence after 80 miles of the land grant
re ad is completed. The Illinois Central is obliged TO
pay T. cent Section gives very useful power TO
build steamboats,. barges, &c 10 complete their con-
nections with other roads &C. If the road should ter
inmate at Prescott at the mouth of the 81. Cr0x River,
this would be valuable franchise.
We have 10 years time TO complete the entire |
chain OF TOads.
The exemption of the road and its appurtenances
from all taxes III lieu Of the q cent State, county
aid yiIt gc except special sidewalk tax Il an impor-
tant franchise nasmuch the Illinois Central law was
ds tied obscurely this very point that the coun-
ties are trying to tax the road. Our exemption u
clear and undoubted We note these differences so that
Eastern capitalists when come in the market to Dor
row millions of dollars to carry road VIII perceive
that the security for repayment TO the bOndhoder is a.
good as that Of the Illinois Central, which in Europe
is now considered the best alway security in America.
." We hope TO the road finished to the 81. Crolx |
River within three years, and meanwhile our 81. |
Paul friends need build only 70 mlles OF rail to con-
meet and run the Milwaukee into the heart OF the
thriving city Of Minnesota; and thence we will draw
the business of that vigorous young State"
The Ogdonsburg Railroad sold at auction ON
the 2lst October at Malone, n. T., for the nominal
sum Of g GOO TO the trustees Of the second mort
gage (which is for Just that amount, for the non-pay-
ment of the interest coupons. This sale is of course,
subject to the claim of the first mortgage which is
for Il CO., There is also floating debt of about
$3.50, goo.
The earnings of the Western (Mass.) Railroad thus
far this year reported to be over $780, 600 more
than last years in the same period.
At Boston, The Courier says:
"The present improved condition of the Money
market is quite acceptable TO borrowers, coming as It
does Of a time of important and unusual financial
changes the other side of the water AT the close
Of last week the street rates for rst-cafs paper were
from to g. = cent, and the range fer lower grades
and single names was from to T., with supply of
capital in the street fully equal TO the current demand
for loans and discounts.
The Treasurer of the Commonwealth OF Virginia
has submitted the following synopsis of the financial
operations of his department for the fiscal year ending
Sept 30, 1886:
The aggregate balance in the Treasury the
ing of the rst day of October 1855 as = last an m o.
To the credit OF the following funds, viz:
To the credit Of Common wealth ...... sl5OiS o.
t. The cd! Of Literary Y F END w,t 4 Ss
ro.al........................... s6lea %
Deficit on account of the Sinking Fund. 1889 ~
Received from the first day OF October
1855 to 5Oth day of sept. l66 inclusive; ,,o.e o.
On account Of Commonwealth ..... IS $3.50 -
On account OF Board Of Public Works 2iss GO 50
On Sinking Fund q"