New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-18

| iHnais and Wisccnsin..........".,5d az eeni die
sooibem. al /, cent dis.
I Exchange improving. Ubcurrent Modey market
| active.
LAID wAsaAyr: buyna BE- sss ms. :. 49,.
g s cent: ssa s
leo sere Wrr4Dts... IL cent? v acre. '0Oen"r sAe
Market dull and fuctustirg.
II ia stated tina. the net income Of the Reading Road
this ear after payrg all expenses and interest will
be 10000 Speaking of the new mortgage Of seven
| millions, The Ledger ssys:
"We have not the details of the arrange nent, but
understand generally, that the Company will probably
relieved from any further sncuy N Sv tbs Com
psny under the act extending the 1850 loans sa'd
will probably make the creditors tractabe. we nave
no doubt it is the pupose of the Company that every
creditor shall have his full claim but it is manfesty
for the interest of both the Company and creditors that
n road shal be continued In operation under Com
pany mar IT. that al must rejoice that it Is likely
10 escape frem Its pecunisry difficulties"
The Commonwealth Bank, recently organized at
Philadelphia is to 60 into operation to-day. Robert
Morris, esq., is to be ts President.
Advices from Havans % Nov. 8, have been received
The money market was very stringent, snd discounts
were difficult o. Is Is y cent annum; on London,
Exchange was sIa1O p cent; on w-York, short
sight "a premium, 60 days par to prem. Freights
were more active at 3 to Go o. for Cowes and mar
ket. and JOa75c. for the United States. Sugars
were lower and the stock was Dos 900 boxes against
l6O 600 boxes last year. ard 30 900 boxes in 1855.
There had also been heavy decline 10 Molasses.
Charles Parsons, banker, Of Keokuk, has made IN
assigLmert.
The Gotten mills of Joseph Ripks, at Manayunk,
are again 10 operation. Spencers mills at German.
town will also resume work in q few days. The e1-
tersye cotton mills near Jacksonville, Pa, are now
undergoing thorough repair aud will be in full opera
ton in a few days.
The Carolina Nils, Natick Mills and nearly all the
mills In Fall River, Mas, is said will recommence
operations this week.
The Springfield Republican says:
leading cotton manufacturer Of this county says
there ia net three months supply of cotton goods IL
the county. If this be true the mills must soon
resume work, or prices will rapidly advance before
Spring
The City Of Des MoiDes Iowa. is issuiug scrip to
circulate 81 money, bearing y cent month ioterest
The loan. granted to several railroad companies, by
the last Alabama Legislature, have not been applied
for the terms laid down by the Legislature. Had
application been made however the funds were not in
the Treasury fer such purpose. From the report Of
the Commissioners appointed to examine and report
upon the affairs of the chartered banks of that State
il appears that they in prosperous condition.
From The Bostos Post Nor IT,
With no considerable change anywhere, State street
il mapifesty growing easier from week to week. The
complaint now is Of the lack OF the r'g sort q paper
rather than Of money 1t is true that lenders are
traordinsrily perhaps unduy, cautious; but beyond
doubt the number Of acceptable names is slowly in
cressing ard for these names there Is an abundant
supply OF money at one TO and quarter per cent
AIytbrg outside of such favorte names goes hard at
HG2 = cent with little done, however, at these ex-
tieme rates. most lenders will not take anything
worse than what they hold to be first chop a. any
IN o:sx cutaida demand IN
money and in the banks, as whole, credit ls quite
easy OF access in reasonable amounts at ga g cent
On Saturday morning the banks held - 40 loO IN
specie The chance t6sy Will reach bo "a
sIS coo 600 of which s. 600 0OO in all likelihood
Especial deposits entirely unreliable in the event OF
| quick demand or high premium for gold. BY In
Guiding speeis depcs sits in their specie holdings IS we
are Informed the New.York Banks always do, the
public s likely to be deceived with regard 70 tne reai
strerg 9Th Of tnese institutions This was the case os
fore the suspension when the real specie OF the New
York Banks was many millions lees than II was re-
From The Cincinnati Commercial ,
Judge Mclean delivered an opinion Yesterday 10 Ihe
case OF George S. Coe trustee for the bondholders OF
the Cincinn matt Wilmington and ZanesyiIle RalIoad
C,mpsry, against Thatcher, Burt Co, IN Chsn-
Gerry. The superiority OF mortgage OF me rosa ron-
ing stock, income, &C.. granted BY the Cincinnati,
Wilmington and Evansville Railroad Company, to the
bop6holders Of the Company, or Of the mortgage OF
Thatcher Burt & Co., builders Of the bridges OF the
road across the Muskpgum River and canal at Zsnes'
yie was the leading question at issue, defendants
claiming their lien TO be paramount
The plaintiffs allege that their mortgage was gwen
before that of the defendants operated and claim that
the bridges form part Of the road. The defendants
answer that the road was morgaged before he oIdees
were built snd therefore that the planuus noIig
does not cover the bridge, and that the Clncinaa,
Wilnipeton and Zaresvie Railroad Company gave
hem certain promissory notes amounting 10 ior
balance due them their contract and also 70 secure
Them. executed 10 them q mortgage on the bridges,
condition ed to be void the payment Of the balance
cue them. .,.
Ire plaintiff however, does not claim that the mort;
gage Of the bondholders touched the bridges until
ibey were delivered over by the contractors defend
arts 10 the c. w. and Il, r. X. Co, but they claim
fiat one dsy interviewed between the execution aud
delivery of the mortgage from the Railroad Company
10 the Idsnts and the date OF A belng Iecorced-
at which time FIRST became operative, and therefore
in that day the lien Of the plaintiffs became pror to
that of the defendants.
Tbs Cont held that the defendants had equitable
lien which q Court in Chancery was bound TO and
would respect and therefore ordered proportional
distribution Of the income Of the road between the
plaintiff and defendants, according to their respecu
F,sn The Ohio State Journa! Of Saturday.
Thi, afternoon, Judge Bales delivered the opinion
of the Court in regard three u the canal contracts
wit: Those of Doyle and Miller, Medbery & Co.. ana
Forrer Burt & Co. These three presented precisely
The same points a, issue, and wss agreed by the
counsel for the parties, and by the Attorney General
that they sbould stand or fall together.
The POINTS were as 10 whether the Board OF Puohc
Works had q discretionary power IN letting inc CON
tracts in regard 70 what constituted the iowest re-
,popsible bidder" and aso whether the statute lad
been CO implied with in the bonds Of the parties taxing
The contracts which only TO twcs the snouct Of
the coltsc. price Of year. being contsnoeo tast
the r.stuts meant bonds for double the amount Of the
eezsIsct price for the Eve years