New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-04-05

TUtJ.......................... ,2Ss1
A bill has been introduced in thu Pennsylvania lie rs
atuTe for the sale of the Public Works Of that st -te
Tie bill provides:
First; For the sale Of the Main Line OF the Public
Works from Philadelphia TO Pittsburgh including the
tax tuDDBge passing over the PeDnsy lvsnis Rail
rad to the Sunbury and Enc Railroad Company, for
The Of - 800 0CO the whole amount to be secured
by first mortgage TO the State, on the whole ioe Of
tie road Of the said Company extending from Slnbuy
10 the Harbor OF Ere with interest at the rate OF per
cert. per snnum.
Second: The said Company OF their assigns also to
execute simultaneously mortgage for s. 500 900 upon
the said line Of the Public Works to be transferred to
tbtms4 100000 of the bonds secured by this lost mort
gage 10 be held by the State Treasurer, additional
security for the said purchase money, until the same
shall be sufficiently secured by tie progress Of the woik
of the sGid Company.
Third. When the said Company shall have ex-
pended in the further constru ton Of their work the
rn Of 50 500 900, in addition 10 the 81 0)0,0e0 a
ready Cxpe nded provided and shall afo have raised
another 100000 by private subscription. making
tbeir whole investment in their said work So 800 O)Ol
TIE State Treasurer shall surrender to them 81 100000
Of he bonds held by Kim a. additional security;
ond for each subsequent addition to their capital of
81 goo 0C0 10y the said Company the State Treasurer
sla surrender to them additional 81 900 900 of the
sa;d boids so held additional security the last
$1,000 eco Of said bonds not to be so surrendered until
authorized by joint resolution OF the Legislature,
who must then be satisfied Of the security that The
last 90 are suhjec, 10 the future action OF the
Il eslsture and the State will at ell times be secured
By an investment on the part of the Company to
Couble the amount Of Tue bona secured upon thef
works
"4,b The tunnage tax to be collected and paid into
the State Treasury ~ heretofore, until the completion
Of tie Suntury and Erie Railroad TO the Hsrbor of
Erie and credited BemiaDpualyo account of interest
Oh the purchase money Of said wOrks-l0 v cent of
the purchase money Ia be due aud payable in ten years
md 10 cent Of the balance annually thereafter until
the whole amount is paid.
81, In pfs of m me of N
nstament of the prime for ninety days after rata
iity the State may out the mortgage and sell al
the property Of the Company as in the other cases OF
mortgage Of real estate.
The Ldger SAYS: Owe Understand that the pur-
"posc of this propC son to put .he public works in
"the possession Of the i'ernSy vania Railroad CON-
"paDy ard use the credit OF their price for the
"pletion of the Sudbury and Ere Railroad"
From The Li,e1oo! Time, March q
To-day being Good Friday busin is entirely
pended in the commercial worlG-a banks, exchanges.
&c, being closed. The Cotton, Share and Produce
markets will reIn-in closed until Monday.
Tie birth of an HEN 10 the throne of France, and
the prospects of peace being thereby strengthened,
has improved the tone of commercial aft irs and On
the declaration of peace (which is now coDhd ny eX-
p.cted at early PERIOD an active business in every
article Of con merce Is expected.
The Money market has manifested symptoms OF IN
creased ease consequent upon the feeling that peace
10 certain TO result from the present conferences The
demand for money ia ess active, while the supply
u d.sdu %f on POD 80 DAYS ~ SThs uniform rate be-
inr now per cent. The Discount houses bsve not
be an doing large business, nor has the Bank been
pressed for accommodation, from which it 10 Inferred
that the trade of the country not ony souud bGt that
Il will not when peace is rts orcd, require 81 much
temrerary tital as to be suspected,
ins much rs large reserves put by in time OF d-truSt
will be brought INTO active EN- .;!Oyinent AT thC same
time il is COZ sdertd by cautious and experienced III N
al the present Is only temporary, caused by an
abatement Of the pressure aiisiuS from the payment OF
the last Lean instamelt and other incidental cIroun-
,,snces and that recurrence of such circumstances,
which may be looked for about the end VI the present
month. will necessarily produce rejection from the
peseit comparative ease. Money ON tue stock hN-
change j. worth Al per cent; the imports OF Specie
have amounted to ElG0,o00 in gold from the United
States. the Peninsula, Africa &c, OF which about
$50 600 was on French account and tl4O 600, mostly
in silver from the West Indies The principal export
bes been IL oliver TO the Last Indies amounting TO
tto3 80; Of gold nearly E70c coo has gone abroad.
The return from the Bank Of England for the week
ending the 18th Of March gives tue following results.
when COMPARED with the previous week:
Public deposts As SOC a ii 5S
Other deIos...... u 80. Decrease oJI
Erst............. 1896 S3o...... lneresse'' lESIo
On the Other side of the account:
Goy,rue.t secu. n f5l co.. rchanged
Oihoi scuIitief ~ 80 Increase 10 20
Note, u1euIloy s. SS sGS liner saSe w 20
The amount Of notes in circulation Is tl3, 4sj2 800
beng a decrease of tl267 40, and the stock Of bullion
in b In ns $50 sos, showing an Increase
of 1875 when compared with the preceding return
Tie following table will show the fluctuations IN
Conso!s since March 7: .