New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-06-20
April, lass. June. 1857.

pbngri, MINING Co oil dead.
New Creek...e............ 2 never mentioned
Potomac Copper Comm. never mentioned
Erie. ACKNOWLEDGEMENTS eet t''''99 per cent deer.
long Island Railroad. ti.I7t per cent deer
Norwich and Worcester. So Is ..38 per cent deer
Reading RSlroad........ 81 Il...lfs per cent deer
ReS .S and n Haven.li 9 81 per cent deer
NETWORK CENTRAL ROADS
Rochr Loekport y. F..lSD
Utica and Schenectady LEY % ..6S per cent deer
Utica and Syracuse. .....l56 '''''' ~ Wv
Rochester and Syracuse. ..l4O
This is not tiatenDg state of things for the stock
holders Of roads, which essential to the COM
of the country as the lakes, the Mississippi OF
the great oceans but it is true, and affords the means
of Judging of the value of railway shares permanent
investments. The greater part of the list having
passed through the process of railway laundering
and having had their bonded debt increased, and their
stocks watered" to the last degree they would bear
may with the progress Of the country be expected TO
advance steadily.
We learn from Tie Lafayette lInd.) formal that
the Lafayette and Indianapolis Railroad Company
has failed to pay the interest the bonds Of the city
loaned to the Company to aid in the construction of
the road. The amount subscribed to the capital stock
Of the Company is 2 400 shares The failure of the
Railroad Company to pay the interest of the bonds
due on the LIST of June at the Bank of America New
York has caused considerable feeling in Lafayette.
This failure imposes upon the Council OF that city the
necessity of taking immediate steps to protect their
citizens from loss and to avail Themselves of any ad-
vantages the contract they have with the Railroad
Company gives them.
From The Neuo. ORLEANS Courier June l2
The Money Market neither dull nor brisk to-
day The offerings in bank for discounts large
for the season being in the only bank for disccuntng
to-day about 100000 1t ia cOnjectured that at least
one.third of the sum in paper maturing beyond
January next. 1t is hardly reasonable TO expect, at
this advanced period in the season, that one bank
alone should be called on for 80 heavy an amount OF
short discounts
There is very little doing in the Streets and rates of
interest were almost nominal but 10 calculate closely,
there is demand for money that at this time last
year, and rather more than can be met obligations
maturing within 80 days. In some circles at late
hour yesterday there was an active inquiry for the
needfnl. II was, however forthcoming on good secu-
es and paper at the rates which we have from day to
day quoted.
There is not much to be said about exchange
his evening; it moves along quietly. Some sales Of
hecks on New-York were made at aud some at
premium, and dealers for investment purchased at
premium. Time bills not active, and we have only
10 quote the rates of discount for prime Al, sixty
days, and II for other good to fair bills, short
sight from par to premium. Sterling firm , ana
tending up ward though upward figure above llOi
would create demand for coin Dealers are pay
ing 1921 1885, and We learn that dealer paid this
morning llCj, which is a toleraby high figure.
Francs are heavy and ikel ~ to remain 50 tor the
present though there is produce shipping to form
basis. We quote 5.l6a5l2i, aud oil for good
bills on Paris direct.
A WESTERN hAILROAD.-NOue u our W esltTu
railroads has more able prudent and energetic man
agement than the Chicago st. Paul and Fond du Lac.
Although it was late in the Fall OF 1896, before the
road, its completion to GAINESVILLE perfected its
Western connections through the Racine and Be0lt,
and Milwaukee and Mississippi Railroads, and though
il has since labOred under the disadvantages common
to all roads, it has yet done large and steadily
increasing business Running arrangements have
been made by which passengers are taken without
change of cars to Madison and Prairie du Chen, and
freight is transported without transfer to all points on
connecting roads.
The road is now well stocked and in excellent eondi
ton for business. Three passenger trains running
daily between Chicago and Beoit, GAINESVILLE, Madi-
and Prairie du Chen and a large share of the
travel for all points the Mississippi river now takes
this route One daily freight train proves quite insult
ficent to accommodate the business, and night
freight train will be put on during the present week
The construction Of the unfinished portion of the
road and of its extension toward Lake Superior is
rapidly progressing. Work commenced some time
since on that portion of the line which lies between
GAINESVILLE and the La Crosse Junction and the road
TO be completed within the year. This Will afford
direct railroad communication between Chicago and
Fond du Lac. The road is ready for the iron far
Oshkosh, and will soon be extended to Appleton. The
greater portion of the trade and travel of these thrv
ing cities will come 10 Chicago over this route.
During the past Winter the Company have prose-
cuted extensive and careful surveys for THEN Land
Grant Railroad between Appleton and the State line
The Directors have matured plans for the e1ten-
sion to Marquette and Ontonagon, in the mineral dis
tricts Of Lake Superior and about issuing report
and circular to the stockholders detailing their plan OF
operations.
This road covering route important-passing,
as il does through the richest iron and copper regions
OF the world through extensive plneries, through
fertile prairie lands and valleys connecting Chicago
the emporium of the West, with the waters of Lake
Superior and the fourishng cities aud important
water.powers of Wisconsin, and endowed with &
liberal and valuable grant Of Government lands, can
not fall under its present judicious management, TO
become as remunerative to its stockholders as it will
be important 10 the manufactures and trade Of
Chicago. Chicago Ledger.