New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-07-20

Cotfny
Flour .............. s5218 4,0S4035 4,B8,l1
GO M.aI Is59AS 'l25I7g $3.50
Wheat.............. 4,2H5s I,Ssols7 2,s624os
Corn................ 1,7651H l,258s28 1885
Port ....... 1,78o459 66l594 1,O72 s65
Total. .sA7o97O4 sHai5a
Decrease compared with $500 III
The land salts of the Illinois Central Road for the
second week in July are sl2O,O67 and for the month
thus far s34 6S3 against 1901 900 the whole month of
July, 1856.
Mr. Albert II. Nicolay's regular semi-weekly auc-
ton sale Of stocks and bonds will take place on Non
day. the Goth inst, at l21 O'clock at the Merchants
Exchange On the lit will be found 1886 900 Chicago,
st. Paul and Fond du Lac Railroad First Mortgage .
y cent Land Grant Bonds, (hypothecatedl.
The Merchants Insurance Company has declared
semannual dividend of 10 y cent, payable on demand.
The Brooklyn Fire Insurance Company semi-an-
nual dividend of 10 Y cent, payable August |.
The names of G. p Putnam & Co. were incorrectly
included in The Independenfs list of assignments.
They have not assigned, and their friends expect to
arrange the difficulty. The firm s dissolved by the
death of Mr.. John w. Leslie, who was drowned on
the 9Th inst
Mr.. Hopkins, who has been appointed Assistant
Treasurer of the Illinois Central Railroad Company,
will be located in New-YoIk. Mr.. George Ackerman
is the Assistant Treasurer at Chicago.
The receipts of the Stonington Railroad in
June, 1851
June, <'9@i
Decrease. ACKNOWLEDGEMENTS -
The expenditures in June, 1857 compared with same
month last year, show n decrease of about 81 600.
The seni.annual interest on the let Mortgage Bonds
of the Racine and Mississippi railroad Company due
LIST August viii be paid at the office of Messrs. Jessap
| g. Co., No. A Exchange place.
Negotiations are pending between the Michigan
Southern and Michigan Central Companies, on the
basis of division Of through receipts, both passenger
and freight with an allowance of per centage for the
road doing the most business. The new arrangement
provides for doing away with all outside expenditures
reduction of speed and less free passages The OH
GERS Of the Michigan Southern Company have also
concluded harmonious arrangement with the Pitts
burgh, Fort Wayne and Chicago Railroad on basis
which will prevent competition in prices and will OBJ
vate the necessity Of building the Fort Wayne Road
beyond its present terminus at Plymouth This ar
raneement while it caves useless expenditure of
NOR ~ in construction when money very difficult to
be had for such purposes, will give the Southern
Michigan portion of the Philadelphia aud Pttsburgh
| travel to the West and Northwest
The business of the Clearing House to-day was
| $24 1000.
not the result of any contest between bulls and bears,
nor attributable to any scarcity of money, which is
now as abundant for all purposes which command gen.
eral confidence, as usual; but it is owing mainly, if
| not entirely to the mistake of railroad managers
| wagpg war against each other The greatest enemies
with which railroads are obliged to cope, railroads
| themselves. and until railroad managers shall learn
this wholesome truth, they will 60 on from bad to
confidence of the entire
munity The railroad interest is among the most i'm
portant of the monetary interests in the country. In
no other branch of industry Improvement is so large
an amount of capital invested; and none other bears
so intimately upon the business of the country every
department. and consequently. more than any Other it
| ought to be under the control OF discreet men,
whose range of vision will extend beyond the exact
limits of the particular road under their immediate
care and who can embrace the gener welfare in the
line of measures which they may adopt so that In the
aggregate the country might enjoy all the advantages
of our great national system working in harmony with
itself, although composed of thousand sepa rate
links. each having particular interest of its own
| Railroad men must come to this and work in harmony
with each other, before they will enjoy the public con-
fdepce or secure in proper degree the interest OF
stockholders Both ere essential to the highest per-
lection of the system and the latter indispensable ~
the successful working of any separate road. To &C.
complsh this desirable end, it is respectfully sug-
gested that, instead Of severay putting dorm tariffs
and putting up speed, the reverse be adopted, and
speed reduced and tariffs increased, whereby nearly
every railroad in the whole country might be enabled
to paw remunerative dividends to the shareholders
and prevent the enormous sacrifices and general out
cry against rascaly directors and officers of railroad
| companies This result only be accomplished by
concert Of action between companies, who ought to
maintain state of friendship and auity, instead of
t:iy which too apt to actuate men in responsible
stations Let the superintendent and principal officers
of parallel roads meet frequently and arrange in con-
cert the rates of fare and speed which ought to be
adopted for their mutual interest, ano then each
adhere regousy and faithful, to the terms agreed
upon. Discharge their armies of runners who are
only instrumental in creating mischief and bad blood
between companies by propagaiine misrepresentation
| to the mutual damage of each. This competition is
productive Of no benefit to either party in any possible
case but universally injurious in its consequences to
all parties engaged No Increase of travel or freight
is produced by it, but portions of each are changed