New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-05-20

tie week a1d since January l. ~ .x.
E.;.!:.., ::,.:.: s': HE, ssi sss'
Total. .ssIgoos ssIas4 sc,lolD
The Artisans Bank to-day unanimously sd-
uitted member Of the Clearing House
We have received the following card relative 20 the
oitLcouing Western Railroad excursion;
OHIO AID MISSISSIPPI RAILROAD Co,
Office No IS Wall street n. Y, May 10.
The lolders Of excursion tickets notified that the
Belecutsine Railroad line will pas. our guests rec u
charge under the regulations as are adopted by
Other roads.
The name Of this road was omitted on the card.
CHARLES GOULD, Treasurer.
Avery spirited election for Directors Of the Harlem
Railroad was he'd to-day. The number of shares
represented was 70 1914 which the largest number
which ever appeared at election. The whole
number is 1900. The result the election OF the
following gentlemen, who will form very strong
administration:
Coreig. VANDERBILT . ~ A6eTt Smith ~ ~
Daniel FIsne.W Ednonds % %
Allan GsHrte''''' ~ has SIS
VIM c We,more Is os7 Horace = Carfe'''''fOSS
Horace BTooks......s'..'oo.fi
For the other gentlemen on the ticket the votes
were as follows, including some scattering;
Henry Bschford ~ 90 Geo ......'''.''' %
S, hsS -. John II G5arley 30
Harrison Durkee ........~5oz5l
These gentlemen were upon both tickets, except
Messrs Smith, Bayls & Clark.
Ayerv large number Of stockholdng subscriptions
for tie guaranteed stock of the Michigan Southern
Road have come in 10 day from the INTERIOR which,
with city accessons has sweed the aggregate amount
taken to a., 235 eco taken by 69l subscribers. The
entire number Of stockholders Of the Company about
1900 We shal not be surprised TO 6nd the amount OF
guaranteed subscription. reach tomorrow night, when
the subscription closes six millions Of dollars, including
the amount reserved for foreign shareholders, which s
lust twice the amount asked for by the Company.
sale of the new stock was made to-day at 50.
There appears to be some revival of speculation in
Nicaragua Canal Rights, which have been unstable
at any price for some two years past. Recently one
# the parties connected with the Transit has been
picking up the Canal Rights and has paid as high as
$50 each.
There was sale at auction to-day of 500 shares Pa
cifc Steamship Company at 49,
The Albany Journal publishes in full the decision
Of Justice Wright, of the Supreme Court in the mat
ter of the application for injunction to restrain the
MAYOR and Common Council of Albany from paying
the interest on the bonds issued 10 the Albany City
Northern Railroad Company. The DECISIONS an able
one reviewing at great length that of Judge Allen 10
the Rochester City case, and coming 70 precisely
opposite conclusion, the points of which are thus
stated:
lst That the act of 1854 authorizing the loan Of the
credit of the City of Albany TO the Northern RalToad
Con pany exercise Of the legitimate power OF
legislation. .
%. That the exercise of this power was not " ad-
verse TO the spirit of the Constitution, so as TO au-
,loiize the Judicial tribunals to cal it void.
Sd. That there is no prohibition IN the constitution
against the exercise Of such power by the Legisa-
ture =,
nh And, therefore, that the remedy for the evils
which large and respectable class of citizens believe
To grow out of grants Of power TO municipal corpora
tions loan their credit, Is not 10 be found IN Appeals
10 the judicial tribunals but must be sought through
other channels.
The spirit of this decision it will be seen, is in &C.
cordance with that Of Chief Justice Hubbard OF the
Fifth District, published about week since.
The receipts Of the Wiiamsport and Elmra Rail
Company for April 1857, g 80 II
For April, 10 J -
1nc,s..s ,.o . cent?. 500 20
The earnings of the Lehigh Valley Railroad for the
Of April 1857 w I8
Corresponding month last lsl<s9
Increase equal 10 80 p cer si6Ta q
The Land Scheme Of the Milwaukee and Horizon
Railroad Company is explained very clearly and briefly
our advertising columns this morning. II possesses
features very different from those of any railroad land
scheme Of which We have any knowledge. The Com
pany buys directly from Government selected sections
OF land contiguous TO the contemplated line Of the ex-
eIsion of their road fIom Stevens Point, Wisconsin
TO Lake Superior aud instead of holding them for sale
and dividing the profit among the stockholders, they
convey to each his proportion OF the land, leaving
him to occupy sell i, hereafter he may prefer
Land warrants are very dull. ThomPson's Reporter