New-York daily tribune., 1856-06-04

trv priviIeces belonging 70 The former Company
The day cannot be far distant when the ferry or fer
res between the depot Of the New-Yoik and Ere
Railroad Company and this city viii become nearly as
valuable as any other ferry between this city and the
opposte shores: and the New. York aud Erie Railroad
CympaDy, instead OF b-irg hourly taxed to maintain
the ferries between ts terInnu and this city, as at
presept will then derive from them considerable
revenue over and above all expenditures required to
maintain them. The more this arrangement II exam
ned the greater will be the conviction that It was
wise and advantageous the part of the E ends
of the New York and Enc Railroad Company, who
BY thus facilitating the traffic with the fertile West
greatly contribute TO the increase OF the commerce ana
wealth OF New-YCrk.
An important leg decision was made in the Erie
County, Ohio Common Pleas, before Judge Fitch at
its late torn |, was IN the case Of Henry Grnnel
and Others. trustees Of the Sandusky, Mansfield and
Newark Railroad Company. The points decided were
as following:
Fp That Railroad coH rsry auhcr11 9or5ow money
sDo without srnt Il lis charter the We 70 secure
uoh osn BY mortense -, .-. g.,
eject uorssge also Of the fra chses Of the Conn NY and
uton Of the road under the the franc hes viii
TId That where Two or more Railroad Compari rs become
suited ard n,ods,ed into Comps gDder IL ''ata'ss
of Ohio ard such original Comp anies had prior 20 tie CONSOLE
daon their respective roads the hts and
er. of The be respected ald pre-
served. due retsrd beiEg had TO the consolidation.
Fu, Ttsi sfter such eaio, no o. the oItsai.
upon thu osns reads be eioosed BY -eF1rls t s
oii.iIs line but all such ou. mortgages he enforced
BY be consolidated roads ard the respective lens on
IL rsrs dusied H. the distribution OF thr proceeds Of the
whole lyon the report o master az 10 gva ca ii gase
uh o the proceeds as may be estimated to as from the
part covered by is lieD.
The SQndasky Register says: Probably no case
delivered in the West for the last ten years involves
"nore importalt principles Of law"
Land Warrants still depress ssed and are selling at
sj to 95c according to size, in Wall street. The
warrants Issued in May 12,ol4, TO satisfy which
will r, qure .i9l geo acres Of land The whole num-
Der of warrants issued thus far is l3s, ,e5s, requiring
altogether 10 ,376, $40 acres of land.
The Ncr- Orleans Bulletin of May 81 says:
"We Inadvertently omitted to mentios yesterday
the resumption of payment Of that old and respectable
house Wright, Williams N Co.-so well bnowa IN days
gone by as one of largest and stauDchest cotton
houses in the city,"
At Philadelphia, Tho Ledger says:
There is rather more demand for money, though
there il no material change in rates. Frst-cas paper
can be placed 3dsI T. cent discount, and Railroad
and other Company paper at lOQl2 q cent lhe
paper ,f outside and not fav0rably knowR parties
varies from l to Z h cent a month. The banks are
maintaining their line Of discounts with considerable
liberaity."
AT Baltimore the Money market is relieved Of the
temporary pressure heretofore noticed. The banks
are in al easy condition. and all good paper offering
discounted freely
The following il the state nent of the cash liabilities
and assets of the New Orleans Banks for the week