The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-05

| Iai,oad Company for the mont Of October, 1857,
amounted to STA 500 "a. against ssI 959 43 fcs the
same month last year; showing decrease OF
81, IA9 ~.
The Pennsylvania Central Railroad Company have
deemed 1t adysaLIe 10 pass its semannual dividend
The company have floating debt of $79l O37 and
the nat earnings Of the road will be appropriated to
the payment Of that debt. This debt cannot under
the moss favorable circumstances I've carried at less
than ls per cent month, and if the stock
hoders gel no dividend for the past six months they
get as much by the liquidation of such an expensive
liability.
The Boston Courier gives the following facts and
figures regarding the copper mining stocks Of that
mari et:--
Mining stocks, OF the better class have run down with
an Unparalleled raGy, ard many OF the heretofore low
priced concerns lseioyac, Flint steel Central Huron
1ottc &c, have almost entirely failed out. Minnesota
ana i,,tshurg the oniy divide paying conpanie have
declined imously, the former 800 per share
latter $40 per share IN one month. The decline
IN Minnesota has been Slus per share si79. june
"a 10 90 October IS, equal TO depreciation in market
va ne OF g. $50 COO This alarming downfall in Minnesota
was OK esoned in great degree by the company being
compelled 10 suspend the payment oi the dividend Of
er share, Que to-aay tor want OF cash pay IT,
thh Iayment has been extended to February and
tie regular CriGcno would be due May 1888, that may
be postponed also as hardly probable that means
he rascu 20 pay two together. Pittsburg has
fallen rom s.ae juy Ia, to $i7o October 80 loss Of
stt ICE IN value The company has G,oOO shares ana
ue Minnesota 70 COO The decline Ia other mining shares
from the highest prices have been very heavy ockiand
ssao or 80; NATIONAL s5o 10 so; superior sl4 to S.
Flint steel SEC 10 - ased; Copper Falls, sl4 thighcst
y to about 81; lcwabic ST Il TO ~ Isle Royae
Once The Increase 70 20 shafes 50 " share
The committee appoin ,dby the stockholders and
bondhoiders of the Della .are. Lackawanna and
Western Railroad COMPANY to confer with the
managers Of that company aid devise plan to re-
heye the road from its present emharassments, have
made very full and comprehensive report. The
plan proposed is as folows:--
Frst.-Sach of us stockholders agree to pay in
c h. or in our notes payable in three and six months
fIom The first DAY ct december, 1857, with iptcvos
seven O per cent Cat option ten per Ccn: the par
value OF the shares held by respectively AID receive
therefor the Ike amount in the income convertible bonds
o. The company, pa!a IN ten years, WIN interest AT
seven per cent semi ally or to surrender 10 trustees
one hail the aornt oi stock held by each oi less
tan s. ,ao OF the stock to contribute the
other OF the modes above named.
second.-Ne the stockholders of the Warren Railroad
Company, to surrender and cancel twenty tive
cent or two hundred thousand dollars OF the stock held
by u- respectively.
1hird--we, the President and directors Of the Cayuga
AMI susgucans Railroad Company, hereby agree 10
duce the price ned IN the contract for the OF the
said ROAD to fifty tive thousand dollars.
Fourth-He holders OF the first mortgage bonds, agree
fua years interest and take therefor at par the
Income Of the company payable in tive (5 years
with interest at seven per cent semi annually
OF not less shan 81, 100 600 giving their assent.
iith.-We, holders Of the second mortgage bonds,
agree 10 id two years interest and take therefor, at
par the Income bonds of the company, payable in five
t5) years with intere. at per cent, semi annually
hooters o., not less than 81 800 900 giving their assent
Sixh.-Ne, the preferred creditors under the assign
meE agre, to take the Obligations Of tho company, pay
able IN a, g. g. l.. Is, Is, =. and - month with interest
al seven per per annum semannually: in lieu
there Of, Income bonds, payable in five % years, with
interest at per cent per for the face of
respective claims.
scvcnth.--Mc, the creditors who have security,
agree TO take at par the Income Convertible bonds Of the
company payable IN ten years, with interest at seven
per cenL per annun, semi annually, for our several
claims
Lgbth.-we, tho managers Of the Delaware, Iackawa
and Western Railroad Company agree to ou, the
spustions, the part Of the company, ahcscn,med;
also the recommendations Of the special committee OF the
stockholders appointed at their meeting "a september
last viii more fully appear by reference to the report
OF the said committee.
The receipt at tidewater of the principal articles
of produce, from the opening Of the canals to and
including the 3lst ult., have been as follows:--