New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-08-13
Jackson, j. p. Lord, s. w. Ais, joan H. Bradley,
Rob.rt r. underhil and David 3. C.rly. The Poa,l

~. y,
Rob.rs r. underhill and David B. t.uly The Board
Of DreCtors vii bold meeting 70 tie cry Ffday,
when it IS the inebtion - y coed 70 pa this ya:asbe
property Into shape, api 70 place the Company on
-ohd end working basis The gran. 20 he charter is
ere 'has, under TIM present Constitution of Indians,
canuN again De made, ard includes WITHIN Il the cor
rorste power 10 own and operate the immense by
traulic power Of the Central Csnal-whioh coat the
State orgnely nearly 81 Geo 000and use, il needed,
ali the wafer Of White River, and also includes the
right TO furnish water for the City Of Indianapolis
which, from the position Of the Canal aDi hills sdjoin
ing, can be done very cheapy, the Canal working the
supplypuu and the bills being so high as 70 allow
the reservoir TO be wholly under ground and stiil
nros the " alter nearly TO the tops d the highest
houses Of III city.
The Aiiw alkee and Mississippi Railroad will, during
The season, improve its brdges across the Wisconsin
River, in order to prevent the detention Of lumber
RATS DIR ng extreme high water was the case last
Spnrg.
A su' ..cripton of 400 900 has been male by the
sitizeI of Milwaukee toward the construction Of two
powe nal ferry boats 70 run between that city and
Graz ID Haven.
he Trustees Of the First Mortgage Of the Buffalo,
Co ming and New-York Railroad, having purchased
tbes road under The foreclosure have plan for
H. consolidation Of this road with that leading from
tica 10 Buffalo, and to connect these two roads by
he construction Of road from Batavis TO Attca a
distance Of steven miles by the acquisition OF that
now run and owned by the New-York Central Railroad
Company. This consolidated road would then be con
>tnuous from Corning 40 miles into Buffalo, where
ample depots and feight-houses ere row completed.
The Trustees say:
To effect this, it is proposed TO form new
railroad company. represented by two millions
Of bonds, secured by fret mortgage on the
Whole property By $4,000 second econ n @o gI5
or $3.50, OOO-making in all g OGO eOO about :2 800
per mile Of the cost Of the whole road OF the Frs.
Mortgage Bonds 81 200 600 to be set apart to DO
exchanged for the principal and interest of your bond
secured by the First Mortgage IN the late Bufiae,
Corning and New-York Railroad Company and in ad-
dion you TO receive not less than 81 cent 10
the capital stock OF the new Company. VI the re-,
mapder Of the First Mortgage Bonds $6iO 0oO and
the $3.50 Goo Second Mortgage Bonds and $2ooVU OF
The stock TO be used tor the purchase OF tae
"a miles of road leading from Atca to Buffalo and he
depots and freight houses N Buffalo, including all tne
property occurred by the First Mortgage on said roao
or purchased by A. ID. Patchin under the foreclosure
of the Second Mortgage as particularly seteth 10 lns
proposed agreement. The balance sIoo oVo, Of sara
Frst Mortgage Bonds to be reserved for the use
Of the Company. Several of the largest bondholdeis,
Who by their residence, beet able to Judge oil Its
advantages, have already signed the agreement Ice
undersigned have done the same for their interests,
and invite your immediate attention aud decision for
yourselves. The agreement may be found at our re-
spective offices.
Mr.. President Moran has returned from his tour OF
inspection over the Erie Road. His financial scheme
will probably be officially published 10 few days.
The Trustees Of the Wabash and Erie Canal have
published IL cir usual semi-annual circular. Tine re-
ceipts from Dec l. 1856, to June l. 1857, have been
hand, Dec. I, 1856 Sl1< S ~