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


Mr. St.phen Alden has resigned his connection ooth
M fiscal agent and Director with the La Crosse and
Milwaukee Railroad Company.
Anew Marine Insurance Company, called the Co.
umbiap." has lust started business at No. ID Ex'
change Place under favorable auspices, having cash
cspa of 1900 600 and notes to the extent OF sooVVV
The books will be shortly open for further suoscrp
ton. Thomas Lord, formerly of the Nicaragua Tran
.it b. c. Morris, late of the Astor Company and ..
+. Maxwell. esq.,, of the house of Dawson q Co.,
have been appointed commissioners. Among the list
of directors will be found the names OF sonie VI 'u'
most influential merchants.
The Lon,srale Journal Gays that a meeting OF the
free bankers of Indiana was held in Indianapolis on
the 25th nit. The gathering was an exclusive one
private and secret. It's purpose, however, has trans
pred and was the taking of steps toward the esao-
fishing in Indianapolis of Union Bank, in which all
the free hanks in the State to be stockholders,
with capal of 100000. The object of this is the
protection of Indiana free-bank currency by driving
out Ohio, Virginia. and all other foreign 10
put down the rate of exchange, end to further the
adoption Of such policy as shall, with reference TO
foreign bankers be promotive of the interests OF those
concerned
The holders of the Indiana Bank Loan Bonds 70
cents. will bear in mind that the Sth of this month Is
the last day the Commissioners Of the Banking Fund
receive proposals for their purchase under their ad'
vertisement.
The earnings of the Racine and Mississippi Railroad
Company in June, amounted % 90
May. ~,
Two months. .....................*72loo ~
This road will be opened to the City of Freeport IN
few weeks there connecting with the Illinois Central
Railroad to Gaena and Dubuque, and forming short
and direct line from Lake Michigan to the Mississippi
River. II will then also connect with the Chicago ST.
Paul and Fond du Lac Railroad at Clinton, aordng
route from Chicago and Racine to Iowa, Minnesota and
the Upper Mississippi.
The earnings Of the Milwaukee and Mississippi Rail.
road for the mon Of June are 80 as
Increase tSoil
From The Chicago Press July 81
We learn that Charles Mnot, esq, formerly Supern,
tendent of the NewYork and Erie, has been appointed
mans gipe agent of the Michigan Southern kailroad;
SamI Browp-than whom no better man can be found
retains the post of Superintendent. We learn that
the entire management Of the road will be committed
10 these gentlemen and the public may expect what
ever enlarged experience and untlring energy can
accomnh will be done to render this road all that It's
hest friends can desire. Mr.. Minot ranks among the
very best railroad men in the country ana te directors
of this great thoroughfare have acted WIN gIea. VIE
dom in committing so important post ~ Ills hands,
The great difficulty in railroad management Seher-
ay is that board of old fogy and too often ignorant
dire cors-we mean ignorant Of what it is most impor
tant for them to know viz the details as well as the
general scope of railway management-attenpt 10
direct all matters in regard to it, making their super
intendent mere automatOn to carry out their WIN.
They generally have horde of lazy nephews, worth
less cousins or greedy dependents for whom they Sc
cure important positions, and the advancement Oh
their particular pets is with them matter OF much
more Importance than the interests OF the stockholders
or the accommodation Of the public. The true policy,
in our Judgment is to secure a thorough, competen;
superinte ndent honest, active, Intelligent, good
Judge of human nature and one who wall be entirely
impartial always selecting the most competent men to
fill each post and making each subordinate personally
responsible for the management of his particular de-
par1nent With such superintendent, let the direc-
tors confne their attention to the financial manage
ment of their road and let the superintendent alone,
and he will be sure to them funds to manage, If
such thing is possible. The Mchigas Central Road
has always been managed these principles and its
abundant success is "knOwn and read Of all men,
We believe the same wise and efficient policy will
now be thoroughly introduced into the Michigan
Southern, and of the result no intelligent practical
man doubts. Till within few months 1t has always
maintained leading position among the railways of
the Unon and its return to that position under proper
agement will be rapid and sure. Our readers
~ with us, congratulate the company on the bright
Asuue that is before IT,