New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-04-03


The Arrangement for the issue of SIS 00s new shares
Of stock of the II inois Central Railway Company to
the stockholders, at par. has been adopted by the
Directors. The terms, times of payment, &C., are
given in the annexed statement issued by the
Ire ssprer;
The Directors Of tho Illinois Central Railroad Com
many have resolved to increase the capital stock OF the
COMPANY from 40 coo shares to fhsres, which
new shares will be allotted TO the holders OF the present
stock at The cosing of the books on the 2on OF June
next and to such persons as may become stockholders
by the conversion of optional rights which expire on
the lat dsy of January 1853 in the proportion OF one
.hare of new STOCK to two shares Of the old stock.
The transfer books will be closed on the 2Oth day OF
June next aud reopen on the LIST day OF July next.
The holders of the present stock required to re-
ceive onethrd the number OF shares to which they
may be entitled on the Let day OF July, 1871 ana 70
pay an installment OF $50 share thereon Optional
fights for the remaining twothrds will be issued-one
bsU convertible into the stock Of the Company, on or
before the Isl day Of February iSoS ana the remain
der on or before the LIST day Of July 1885, such install
mt Lite az may then have been called IN, the present
stock to be paid to the Company az Inc Time Oh con-
version. ,,,.
Those persons who shall become stockholders BY the
conversion of the present Optional Rights into stock on
or before the ID day Of January, ioos and after the
LET dsy of July rext will be required to receive and
nav for one third Of the stock to which they may
be entitled at the time Of such conversion. Optional
Rights for the remaining twohiTds OF The new stock to
which they may be entitled will be issued to them OF
the same tenor o. those issued to parties who shall
anrear AZ stockholders at the closing of the books
Parties Converting Optional Rights will be required
to pay the Company al accrued interest on tns IN
stain ents from the time that interest shall have been
nsid on the nsslmerts TO the holders Of the present
All stock which is not applied for before the 10Th
Of July next ard the instsment pad ther,o ON, will be
forfeited TO the Company together with all the rights
attn
The Dirsctors have received TO extend the time for
tte conversion of the exstog Optional Rights which,
by their terms expires on ths ,u Ui ss
lforua.iop pertsinug TO The details OF this issue,
CA, he Obtained by i. curing at the office of the Co
| psDy. -, - A. ., -. 4,
Ibterest will be paid . usual upon the stock Of the
Company on the let of July next.
Anotbsr connection between the Atlantic ard the
Mississippi River ha. Just been completed; Charleston
and Msmohs Ara now in railroad communication, and
| within As hours ride of each other.
IntAe Supreme Court to-day, Judge Davies sus-
tanned Mr. J. w Yates and K. w Porterield in refus-
ing to pay up their subscriptions to the defunct Atlas
Insurance Company; the said SUBSCRIPTIONS have been
made upon condition that s3Oo,OOO should be sub
sc,ibed in the aggregate, and which condition failed.
| The Compapy is in the hands OF Receiver.
An award Of a email amount of Schenectady City
| Stock was made day or two ago at an average Of
800 1918.
The circular of Mr.. Wright, per the Africa, gives
| the annexed statistics of the Cotton movement
Csop Opinions are confirmed and rs decidedly more
.r in .yoI Of total below c 60 bs than at any previous
, =, Tbe sciency receipts the of
quantity sf received and the eA.nHon OF the qges
ion in al t bearings csehrm snd strengthen th' result while
the ire, dom with which CSton has been oousat tor export
N the Southt m markets gradually Advancing rates
how gepei a iu sdoytion bs become r.,,
ely PRECEDING and now 60, down to nod
An OF
TO- ss,y 70 bsns The readu- II crop 20
The por es.bHhes Almost beyond contradiction the opinions
M this circular nce the season esmenced and
lear, point 70 a, eNy exhaustion OF e supply During the
week " der review only 90 bs.s have tscAed the ports
vsek 10 ls5a The deficit In receipts nov amounts
~ zoo bales compared With isst ys.f Ana o sae. -
bile have TIE reeeipts for week ster from which 10
that my next table weeh ssvee We shall Be very