New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-03-07
c, Ws:e.iec, nj lUtt tmoai. Il per cer; farm
ro,rtesst coutor binds go,rAn.ted ~ be Cerpsry.

Io3r,psse coutcI ,nds gD.Tan:ted ~ DC Conpsry.
The adroes oy re PISA beng urf47crat'e for
Cctto5. ho,deIs mere b.v- sobnrt.Id I, decline Of
laIc.p.r \, With sl.s % I 500 ,les. B:esdsufs
a.. steady, ard moderately a~tve. R-fOng descrf-
.ons OF Sugar are l.. easer Coffee r steady, and u
fair demand. Mo.sses lie heavy. IL PrOv.s'Jrs 'here
is DO cAsI ge Of importance
We snne1 below The proceedings Of meeting OF 'he
holders Of certfcsies II stock in he Wabsh sud f'e
Canal Of Indiana. The bus:ress Of that CSAai Ike
tia. of the Oho and other Canals has been ser0usy
,f,r.d tv the COMPLETION Of Railroads, sn1 i Il
feared that 81 revenue work 's character s essen
.i,nv niured. A memorial on The subjec. sddresse1
70 the Governor Of Indiana and through him 70 the
Ieg;s)a,ure has been signed by the L1nion COMMITTEE
il behsH Of foreign holders also by NJ. George Pea
body and the Committee Of American holders.
Tbis memorial has been forwarded 70 the Governor
nv N. hand. Of Mr. J. F. D. Lanier and tie Hon.
Vim. L. DAYTON Of Eew.Jerrey in behalf OF the suo
so1bers. A ccn.ider.be amount of stock Il held n
New.Jersey This Canal, it will be remembered, was
pledged some yeas $50 ss security for one nan 'ae
State eebt Of Indiana and the State was released
tberefrom, on the States guaranteeing re tolls aod
revenues preset and future against any interference
shateve on which he creditors relied; the object IL
70 bring the subject TO the notice Of the people IN the
ccnDt c.iop that they VIII provide such remedy az the
equity Of the case and Their ability may fuegest-
Atsneetng Of holders Of the Certificates OF Stock
in The Wabash and Erie Canal IN Ioalsht held N ne
citv OF NeyyYork on the 18th day OF February, IsJ|,
j. +. d. LASIyR, eeq., was appointed 'haioiAn' anu
ALBERT ALLEN, esq, Secretary. ,.
Tie object Of The meeting as TO consider the present
condition and the future prospects OF the s6ash and
Erie Canal ID Indiana, and the measures when should
be adoptd by the parties holding Cert6 ates OF Sock
in said canal 70 protect Their nterees IL the ssne ana
ACf Ipdf a. a
nature Of the requires in view OF all the circum
stances.
Tho following resolutions were adopted
IuG.ns i %sh and AK E % csHa = ed Sac VS. ":
t the s Ios as ,ay tor 9 g s s 81 Of
agreed accept Of ,uch security and l9os 70 aud m
toll. and revenues in payment for the ore A Of the .ad
money required completion Of the said canal the
solemn pledge the sad bondboder by the Les.sture
and future should remain and be nvosie in full fore. until
Of the d &C .e s s:s . ss , .dyi eo E d
or paired arrested sttsched BY the STATE OF indsns
seriously affected s tolls and receipts so far inquired th.
That now be relied gP2n .?nFes q
authorized by the State since the passage Of the Public Deb
AZ s OF a ill., If Ss sse virtually
The security which had p dyed and which the bondhoe
o,saior LEGAL moral ard equi,sbe TO indemnify ompep
safe TIE holder Of ssid debt for the a snonnt tpeieot m
meeting BE- appointed TO ,ubrbe memorial In behalf Of hold
. Of 9 TN Of Canal ios 5gS Hb II H. TIC g@!
in London acting in Sebsf Of the foreign boer. and
csf Sl '@ SGd hpon b 10 c ,hc State Of
ndln. s session and to adopt and pns in eIecn
order SECURE the objects Of said memorial
TIE following gentlemen were appointed such Com
muee with powe to add to their number and 10 sup
ply any vacancy, viz:
The Cbdrmsn, y. d. LaDieT, Daniel b Hysl,
Iu siS sc!GHiS Sfl o1 Sr rfIsG,1D
WIN. Bliss
The meeting then adjourned, subject to the call of
raid Committee. .,,,,., o,..
Albert G. ALLEN, Secretary.
The demand for Money on call has been active to-
day, bu. has been fully met. Paper is easier, and
some first class lots have been passed at sag cent
We hear Of only small amount OF gold going by
the Fulton tomorrow. The Atlantic and Persia
brought together about 800 600 in do1bOons in transit
for Havana about 100000 went forward to-day by
the Philadelphia, aud $50 600 will 90 to-morfo by
the Quaker City.
The annual report Of the NJ adsOn ard indianapolis
Railroad Company states that the receipts Of the road
FIR general iraDspoiat 70 tie year 1896, were $"O
81 66 tue total current expcn ltures for the same
period were $GG,i96 y, Of which sl6O26 ,! were
contracted and ire properly chsrghable to the e1pen
diurcs of the previous year, and thtt tue current e1
penses properly hargeabe to the year were % 90 100
T. cent upon the gross earniogs OF the same The e1
ptrdurcs Of the year have been largely increased by
the extraordinary repairs Of the road, machinery, &c
and the receipts reduced by the low stage of water in
the Ohio River and by the short crop of gram and
hogs The result of the wears operation. no,wthsand
ing ret revenue sufficient to pay the n'eres; on the
debts, and nearly 3 T. csnt dividend en- the stock
The report adds:
"Since the last report the settlement with the state
If for IFS ifte
nv the Commission appointed on the part OF the
state hiss been contaminated and the amount agreed
upon SO 600 Of the Z cent Stocks Of the state has
been paid, and q release executed 10 the Company,
which has been properly recorded By the terms Of
the act il is required that all the floating or untunded
debt of this Company, as well as the indebtedness,
other than for iron of the Columbus and Shelby kau
road Company shall be paid before any dividend OF
other distribution TO the stockholders of this Company
Of the receipts Of the road shall be made. II was
thought desirable TO cell sufficient number OF the In
come bonds 10 furnish means TO satisfy the claims OF
the State and pay the floating Indebtedness but sue
cess ndipg the efforts made TO accomplish that
result it will be necessary 70 apply the earnings OF the
road to that object Should ire receipts of the road
be what may be reasonably expected, that end can
plobs ply be attained In about two years, after which
shall have road with bonded debt of 81 05OOOO,
Instead of 2OO,OOO as was contemplated, and then
may apply our surplus earning to the payment OF
the interest upon and the retirement of the scrip divi
dend In the meanwhile the holders of such scrip may
avail themselves of the privilege of converting the
same into stock o! the Company, or may recsve pay
for the same in the Income Bonds o the Company at
par"
We undersal that the iron for tie western division
Of the LIS Crosse and Milwaukee Road (the division
from Pottsge City the Mississippi RIVER IA. been
purchased with the issue of bonds of the Com
paDy On favorable teims. The subscription to the
BONDS which have as yet ony been offered to the
stockholders including the amount paid for the above
~,