New-York daily tribune., 1857-10-24

1
$1,000 Tennessee ts'...'''''''..''''''in' added
~ .hsrs. .hsIes mnoItci: and fsdeT, Is.
80 shares Excelsior ire Ina Co..,...........''..lV
10 shares Irving oi
| The following by S. Draper:
81 600 New York Union Club Is due 1873 lot added ?45
5000 Milwaukee and Horizon r. r. Be- Int. added 81
20 snares La Crosse and Milwaukee r. A.....'... ID
80 sbsres Cleveland and Toledo II. R.............
| - shsres American Exchange Bank 70
| The following by Adrian H. Muller:
5000 81. Louis Co. Missouri added IS
| We have been requested by several bsnk officers
to say shat the exchanges throughout the country
might be grestly facilitated If the banks AID bankers
in other cties and trosghou the United States gen.
orally who are prepared to receive aud remit prompt
~ for such collections az may be sent them, would
make the fact known by addressing the banks here by
c cular or otherwise also stating where and how they
| can make such collections One great difficulty in
the way of the banks making outof town collections
for their customers is the great uncertainty of obtain
| ing returns after payment has been made.
There is rather more activity in Coin to-day, but
the rates are without important change. Brokers are
giving az y cent prem AMI selir a. az q cent.
portion of the gold by the Europa is in Mint bars
| The subscription 10 the Erie Loan reaches ao1ut
800 000 The Directors have voted tnat hereafter no
floating debt x,eedrg $3.50 600 shall be cres'ed un-
less by vote of stockholders The receipts OF the
W.
hind those Of the period of last October This
| 10 certainly very favorable.
| We under stand that arrangements have been con-
sunmated By which the Illinois Central Road Will be
enabled to resume payment on ts coupons on Monday
next. The President Of the Company has issded
circular to the stcckholders which will be found an
nexed The tone of the document lie frank and manly,
and is evidently the intention Of Mr.. OsbJrn 20 pre-
cent matters in their true lghtpreferrins TO give
tie wore. aspect of the case d, the outset
This direct appeal TO stockholders and Others WAC
are pecunarly Interested in sustaining our various
railway enterprises is decidedly the best course nov
10 be pursued Credit from Others is entirely out 0f
the question outside bond negotiation is at an end and
floating debts cannot be carried a. any rate of interest
New money if furnished al all, must come from those
who think their properly worth saving, and VINO are
forced TO contribute TO this end lose all they have
already invested The sooner our ralway companies
come to this method Of raising money, the soooer
shall we emerge from this period of railway discredt
ard dis'Iust We mnend tue course OF the illinois
Central Railway Company 70 the favorable attention
OF other companies struggling under the emoA'ra's-
uerts Of the period. ar. Osborne estin4tas that
taking tbe wort view Of toe case, she shareholders
may have to furnish g. 1874 IL TO discha-ee It's
floating liabilities, or abont 100000 sterling.
OFFICE OF ILLINOIS CESTRAL R.lLRoAp &c sGs93MpA''{
Th@Dectors of the Illinois Central Railroad Company
compelled advise s creditors the Jh INST, OF us ma
by to owing 70 the fact that no assets
In It's possession would Uounsud money This uniOrtauao
position unexpected and esPeo,y painful 10 view OF the
liberal disposition by the 70 meet the
call OF + IN per share, payable on the I5th Of September
The inament o752 OF the shares held in this country
TIE In ssh shareholders were advised at meeting held in
LONDON the m OF September that the oans debt on the
is Of August, was S30COO OF which thirds insured
previous TO Of January The parties responded
subsequent meeting and they authorized drafts for
wsd OF OoOO sterling but ois provision proved uava a.
b The dOuestic exchangs country also equal
adverse the transfer funds The Local Treasurer IN Cncsgo
had $4,000 which impossible 70 convert INTO Ne"
| York exchange gold, ct any premium.
Bonds snd securities useless as collateral ana II " IS
the Company would acconp the purpose $50 900 Con-
nction Bonds sold Of 8t y cent aud 5im
es OF the popretors Of enterprise preserved
only BY general assignment TO prevent single creditor
nominal value sttached any class property
other than gold during IN. depression ana panic Ias a
this ped thus the interests oi ne GERS are ys
| they paw their own Indebtedness
The value Of this investment affected By the assign
shareholder clearly advised that this uupTeced.atd
revuo and check T. the industry Of the oountry-and 80
| want Of money exchange the abundant
lying the prsiremu. di riuh the revenue from $451o
Il $4,000 and aboush the officers OF the Company IN
and reduced the 10 minimum poin lis
can W no way he done in pro portion the duncl
The reoepts for 1851 will therefore be at least zoo fO
hoS of estimate made in July and the net reVen ~
| be thus reduced.
Estimates collections the Land Department may also
prove erroneous The farmer wheat or other pro
ducts but there exists power under ths Ongn- deed o
tGst Co. receive Tor laid Ia nytns Bat money OF the
| bonds Of the Company.
1t well o ne extcnt Of the calamity aud
oSdy meet the eerge9ey-"e must provide for the Payn n
OF the debt Incurred in the OF
road before get posesson must
e oeoit and high Standing Of this Company in he Sate
Illinois by mourning liabilities there should main
| tain and operate the road by the cash receipts.
| Our indebtedness consists OF coupons PEE
sented. SiB9s2 30
".eS t~)hWe J5O 9i' X
Account payable. SO7l3 %
Total 1Oo sol O5
| Against which have tlable assets OF
| SS%Sii5 TO- aud assets which are gooi aud
available in ordinary ytrnes............. Isr s7l 70
sl.s59I7o %
! To Tbs We slall now add tue optioDsl scrip ex.
Plns Jan. 79L5D) %
Mel mdebtedusts. ACKNOWLEDGEMENTS. s263679 50
lu adttCn the sbove, unless business tious of
this county ae resumed o very esy day mas nd our
eaIuirgs IN Illinois irsuent pvide auy surpus for tg
| uteIe.t Nhiea falls due on aud prior %
l ADTi l. ACKNOWLEDGEMENTS. f68Lil5 %
| Les cssb receipts estimated from Lsui
Department Applicable 10 interest
fund.......s''-. ls0,oo9 On
| Add irtere,, floating debt f'r six months. at p
Total 53f y
Tbns taking the view Of the which can o~s H. the
,bafeboleTs usy have 70 finnish S545A Is s7J go
The Stuuent provided ff The payment Of the cor
note, With coser security and rses iuforsed By
4 tor,-ths,e classes of clsins amount TO S57- 500
a Of the
h.1a .s -