The Davenport daily gazette. [volume] (Davenport, Iowa) 1856-1869, 1857-10-24
navus Sssaasey.


NEw YoaK, Oct. %.
The plan of relief proposed BY ths lllina,s
Central Railroad management to thar cred
itors, stockhslaer., and sU1isaal sighe hold-
srs, 10 20 substitute e3, 10000 in ten year
convertible bonds, Cor 80 per sAaes, q
o00,00O optional rights, ouistsnding and
running to maturity January, February end
July, lass The holdsss of thesc riGkAa
will have the first privilege to subscribe !;
next, the full stockholders, and then the
nuofing debt cresiieosr. ~ inetalments on
the new loans 10 le accommodated from the
4Oth of February o. the 2Dth of August,
l66s.
Excitement in commercial circles is rapsL-
u subsiding. Thsse n ~ ineseasede eetivity
u the produce market, - well =. in the ef
Iorts % fncilitafe the ,spv<ment Il ths csvps
10 this point. With this view oar baskS
ere expected a. be m"sr liberal in their aid
10 the Gu-warier, asd there aSe alrsady
spscial psuvisions fsr additional freight.
The exchaugy~ at the clearing house a.
slAy we're nearly el0,O00,O0O, and the hal
sncss paid about o70OND
On nomination BY Mayor Wood, the Po-
lcc Commissioner unaaioOuay elected
Simeon Draper to fiil the vacancy ca,ar~si
SyaActss, Oct. .
The conference II The country banks was
hid this afternoon, k.~welt Buruws, Pres
islent, VINO made . speech II some length ~
favor G the s~tahlSshuscnt of . country
haak resleeminx agency or clearing house.
Thirty seven lsaska wese represemeed.
a committee was aplOintcd 10 report ba
ainsn.. They repnrtct the following re~'-
lutima:
lst, Re.o,rsd, That Il u the daty of the
hanks 60 prepare f"r tbs full resumption Il
specie payment At n early da, ~ due c-
gard 70 all interests II thc cvuntry will I'D
nit for the entire rc~u,aption of the hanks
hsse rsprssrnted, will sndeavor to keep
tAeir hills - near specie - possible.
-, ksdesi, That it ie rscomssensled to
country hanks in fHrtheranc~ of the effort
made By city haaks or a. r., tla1 they in
crease their line IL di~coants 10 the extent
a their ahility 10 aid in Forwarding the pro-
dnce N the country 10 IN eastern market,
thuA1 oriing I'll the relief In their power
10 Mlhing. mercantile, csnsnescial aud
0anm1nrturing intcrr~tr.
3d, kssais~i, That George W. Cuyles, a.
Wayne, and ID. Rogers, ol utics, Peter,
Outwater, Jr., u 6ymsn0, Rrcsman Clssh,
a Rochester, and ]. n. Staring, u Au.sier
dan, be Committee 10 sllect N sssociation
afcountry hanks ior their mutual protecti0a
and interest f0e tAat purpssa, - assange .
systsm al redemption and exchanges, ard 70
sspogt q 6stsrr meeting, 70 - eAllsd by
0id Committe~, if by them deemed necss-
~.
fhs rssolutsoo. were adopted with IN
ensadnsnt, striking oat the word hanks
Gvn the sestsscs, in iurthsrance of ths e.
fort made BY the city hanks of n. Y.
Bosros, Oct. -
Ths nossy nashst y vssy @3sa, anA sAs
hanks do most Of the businsss. Two pr
csst. month = the asking pros n the
streets, but with good collateral . redcmp-
tioa b made.
PMiLAOELPAIA, Oct. ~
wsssrell, C0aas Z Co, inpnstsn, end
John Hooker, Son 4 Co, dry goods dealers,
Of thb city, havs suspsndsd-liabalitiss
hsavy.
NEw ORlsAns, OF. a.
Financially the day clossd more glonwy
saa nAny are in kvor a 8 ssspsasisn a tbs
hanlh - the oaly rslisf Sor the bod fssling
which pssvailsd Th9e , nosAing ds1lnise
ysDlrdiag the banks, but most Il them ars
Weak.