New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-05-09

H..
f fS.aPsf 10 " s;Ssr ~ .a
Lave. .,ock In v,-ehoa.. Ma lS57......... t to
Leaves stoes in WaI,hO,,c. May lso.'.'''' SsS"ol-
Increase f'''''
The subscriptions 10 the guaranteed stock OF the
Michigan southern Railroad Company reaches lO,io
shares equal to 81 047 ot0. lie subscription includes
such names a Daniel Drcw. 800 shares, Il. l.. Stuart
800 shares; II. j. Redfeld, $40 shares; Atwood 4
Co.. 600 shares; j. ID. Wolff, 400 shares; j. \. C.
Gray, 500 shares; ". Il. Wells, 800 shares; Clark
Durant 500 shares; j. y. Ide 500 shares; VIM. Til
den 80 shares :. J. rilden, 800 shares G. c. Bron-
SON 100 shares &C. These subscriptions have come
in without the issue of the circular of the Company
which were only mailed to-day. The per
.onal liability for the bonded debt of this Company
alluded TO by morning joumsl,o only had reference to
specific loan of 500 900 proposed TO be made by the
Buffalo and Mississippi Company sfterward ncorPo-
rated in the present Company, which loan was
never contracted The personal liabilities of the
present stockholders is only for labor done in the
construction Of the road which shall remain unpaid
after the assets of the Corporation are exhausted,
which is not very serious matter In reference
to the guaranteed stock of this Company the annexed
rule was adopted by the Board Of Brokers to-day;
Re,oired That in psudine in Michigan Southern
sellers subscribe for the preferred stsk in the ratio ouF share.
TO ten Of old stock proposed in the recent
said Company shall notice ot the same gu or before mo
goth May inst, and the sellers shall have the option OF re-
qurng purchasers finnish the money for such subscription
receiving the Company receipt for the same
The business of the Clearing House So, 49,,
GOO.
The earnings Of the La Crosse and Milwaukee
Railroad Eastern Division, for the month OF AprlI,
~ ~ V Ss
Same month last loo =
Il oSV %
The receipts of the Milwaukee and Mississippi Rail
road in April were about s4O,O 600.
The Delaware and Raritan Canal and Camden and
Amboy Railroad Companies have declared dividend
of 20 e cent payable in stock on the 10Th inst at the
Office of Ira Bliss this city. This Is an extra dv
dend. made in order to reimburse the Company for
receipts on the previous earnings of the works that
had been applied TO the improvements made on the
road and canal.
There is no marked change III the Money market,
but the demand is quite active
The stockholders of the Northern Pacific Railroad
Company met at ST. Paul on the 10th April, and or
ganized by elscting the following Board of Directors
Alexander Ramsay, j. NJ. Stone, W. X. Marshall,
Edmund Rice, ST. Paul +. K. Deano, William VII.
lum, saltwater, M T.; Franklin Stecle Fort Smelling,
L..
Russell, Minneapolis, NJ. T.; VIM b. Ogden, John II.
Virgins, Chicago, ILL.,. joel II. johnson, Woodstock,
H.; n. b. Baker, Clinton, Iowa; l.. Tlton, Cleve-
land, Ohio; Chas. Butler, NewYork City.
The Board elected a. officers: Franklin Steele,
President L. Tlton and f. k. Delano, Nice-Presi-
dents; j. NJ. Stone, Treasurer; John w. Tsyler, Soc
Rotary. This is a strong Board. Messrs. Steele,
Ramsay, Stone and others are identified with the
nrooress nd nrosnerifv NJ Minnesota and Messrs.
Ogden and Butler are men of wel-known ability and
success in railroad management at the West. Mr..
Ogden now President of the Chicago, st. Paul and
Fond du Lac Railroad Company recipient Of one of
the recent land grants in Wisconsin, and is now en-
gagged in maturing plans for the construction of that
Road to the Iron District of Lake Superior. The
Northern Pacific Railroad Company is chartered to
construct Railroad from Saltwater Lake st.
Croix to st. Paul and 81. Anthony; thence, such
route may be selected by the Company, to point
between the mouth of the BOis DIES Sioux River and
the foot of Big Stone Lake, and thence. on
the northern route surveyed by Gov. Ste
yens, to the western limit of Minnesota.
The Sioux Wood River rises in Lake Traycrs lying
directly north and within dozen miles of Of Big Stone
Lake, and is an afiuent Of the Red River OF the
North, falling into that stream after course OF some
81 miles. The Red River of the North IL navigable
from the mouth of the Sioux Wood TO Lake Winnipeg,
with five feet of water in all seasons and receives 10
its northward course the navgabe waters Of the As
siniboine from the west. The completion of the
Northern Pacific Road as far as the Sioux Wood IAN
airline distance of about 80 miles from saltwater will
connect the railroad system Of the Unted States by
the shortest route with steamboat navigation on the
Red River and Lake Winnipeg to the north, and the
Assnibone and Saskatchewan 10 The northwest, at
fording continuous lake and rver navigation Of more
than 1000 miles reaching from the heart of Minnesota
to the eastern base Of the Rocky Mountains, through
broad plains and fertile valleys and regions rich IN
mineral wealth of "copper" coal aud salt and -oou to be
open for unrestricted settlement.
About 200 900 has already been subscribed to this
stock, mostly at St. Pauls and Chicago. The guam
tty of land granted for this road is 400 900 acres
The gIano brought by the last Aspnwall steamer
for the American Guano Company, and which wa,
taken from the island belonging to that Company,
will be- exhibited tomorrow. The st. May's, it will
be remembered has been ordered to survey AID take
possession of their island and is now performing that
duty. The National Era of the 9th says:
the report of Commodore Mervi0e was heavy
shock TO the American Guano Company. Shares
went down a. low dollar in the New-fork mar
ket but the President aud Directors were no, 20 De
disma yed They sent cut Mr.. Arthur Benson 10 oc-
tober ast 10 the Sandwich Islands 10 hire vessel,
and 20 to the islands for cargo Of guano. Ths has
been done: and the surf which 10 frightened Commo-
dore Meryne that he would not allow Mr. w. '" Ben
son, the agent OF the Company, to land and take
specimens Of the guano which his spygnss had salts
ned him was not guano, birddung at all but brit
lime in a state 0f dccom Dsitt0A.
This fearful surf was after all, only such that the
vessel was loaded from both islands, by whale boats
fLed ritkH kree inchcs OF the gnHnaie. One hundred
tuns of this guano has reached the Sandwich Islands
L. t.rhf urfh i'm ,kia