New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-08-04

ano<Es
Go.. e.n.ns' in July zL'o" "
o0.,,,1, s1o.u;.: IN los Is,
oP P.Isns siPsns: july s:tim:cd
f %as; sSnG Ssets. a Il.
Second kor.ssse Bonds sl,sa2o"ss
Tire. mouths; .scraed interest on Sinh
ing Fund, 'y..........'''''...'''. 81" %
81. mouth" dividend icy Sc cent ''lO'o %
Estimated surplus Aug l. '4 s.
We noticed some time since the fact that consolida-
ton had been agreed upon between the two lines of
road between Chicago and Milwaukee running along
the Lake Shore The annexed circular has been issued
to the stockholders Of the two roads, calling meeting
for the purpose Of voting on the question:
OFrIcE OF THE MILWAUKEE AsD CHICAGO
R.R. Co., New YORK, July ii, 1857. J
To THE STOCKHOLDERS OF THE MILWAUKEE, AND
CHICAGO R.R. Co "A meeting of the stockholders OF
this Company will be held ct their office, in the City
Of Milwaukee, on the 18th day Of August next, al
il o'clock O. No. to vote upon the question Of aPprov
ing the action Ofthe Directors consolidating said Com
papy with the Chicago and Milwaukee Railroad CON-
paDy, and to transact such other business - may %
incidental thereto.
Itbayinp been deemed advantageous both by our
Company and by the Directors Of the Southern Line,
to consolidate ssd Companies into one Company, to
be called the Chicago and Milwaukee karosd
Company" disn,erested um pires Of known character
ard standing, jointly chosen, consisting OF
kessrs. ID. L. Harris. Of Springfield Mas, Wm. T.
Worthsn ofNew. York, and G. l.. Hubby OF Cleys.
land, Ohio, to make just consolidation upon the
basis Of the actual value Of the respective roads and
the property and franchises Of each.
The above gentlemen, chosen as umplres, were ntu-
tualy selected on account Of their high standing for
integrity and sound business qualifications; and nav
inc made their award under seal, the object OF tins
meeting is to take vote Of the stockholders accepting
the same, before the award 10 opened. ,..,..
This course will avoid much delay In the discussion
Of details which, ina case Of this kind might defer
the consolidation for months. That the award rs
fair one the stockholders can rely, as the umpes are
known as men of intelligence, and competent 70 de-
eide upon the various advantages ana disadvantages
Of each road.
The consolidation Of these two roads into ooe form:
ing continuous unbrOken line between Chicago ana
Milwaukee two of the most prosperous cities OF the
West will place the consolidated Company In posses
zion fone of the first class thoroughares Of ae coun-
try beyond the reach Of competing roads, aud line
of road from which travel cannot be diverted, but
whose traffic every line Of road now built or that can
be built in the vicinity will necessarily tend to aug.
"'eH' e'pe'"'"' X WATKINS President.
According to the following paragraph, London must
be the paradise of railroad borrowers:
"Ihe Bank of England has just lent 600 600 upon
debentures TO the London and South western Railway
Company, at Al y cent Y sunum for i've years. The
in this class Of investments"
The revenue collected at the Port Of Boston, for
July, was as follows:
ror the month month ending July 81, is5.. 7lT 81
Increase. .s7o7lIl 10
We have received the annexed letter from the coun-
sci of Mr. Lynch, the Cashier of the Bank of Ontario
We think Mr. Lynch owes it to himself to make some
rblic statement in regard to this affair, and shall be
glad to tender the use of columns for any statement
that he may desire to place before the public:
UTICA, Aug. 1, 1857.
To the Editor Of The N. Y. Tribune % .
SIR. We observe. in the newborn papers OF yes,
terday, a telegraphic dispatch purpOrting to come
from this place. which states in substance that oe!
suits have been commenced against the Editors OF
three of the NewYork journals for publications con.
neced with the troubles in the Ontario Bank of this
city, and from article in the money column OF The
Tribune Of this morning, observe that that jour
nal at least supposes itself to be one OF the objects Of
attack.
We are the counsel for Mr.. Lynch, the Cashier Of
the Bspk in question, and We regret that statement
so erroneous that contained in the dispatch referred
TO- SHOULD baye been forwarded to you.
The articles in the money columns Of the three lead
Ing morning journals of Tuesday profess to give moth
could not but be the cause OF great personal mOrdca-
ton Mr. Lynch, and Of injury to his reputation he
does not overlook the fact that the articles did not
pup0It pledge udhdRelncLt Vi JOurndlS
the truth Of the statements contained in them and also
that they distracted lanu greatly sofened dowa
in the process) from On article in The New-York
Erening Post Of the preceding afternoon We were,
therefore, directed by Mr. Lynch to institute no pro-
ceedngs against the conductors of any of the New
York papers. except those Of The Erening Post, he
prefenpg TO trust to the sense OF fair dealing of the
editors OF the other papers to do him JUSTICE when the
utter asty Of the charges brought against him should
be made apparen Mt, as it soon will be.
The article of The Post, beside being the fountain
head Of the caumny, was Of very different character
from the Others Charges Of the most criminal nature
were freely made, Lot only without mentioning the
but with ninuieness Of detail which could not fail to
convey 10 the mind OF the reader the impression that
the writer personally cognzant OF the nth Oh the
statements which he made. Had any reasonable eau.
tiop been exercised by the responsible managers OF
that the boldness Of the writers assertions and
his ludcrous sycophancy toward the president OF the
bank would have at once led to the suspicion that the
motives which governed him were neither tbs desire to
give the public intelligence, nor even childish fond
ness for Excitement but that the blow aimed at the
cashier proceeded from some person either acuated by
malice toward him or desirous OF inventlng
some plausible pretext in behalf OF tne Pfesl-
dent for conduct which has excited pnblic as
whether gporantly or not we do not know,
Tins became the vehicle of series Of charges OF the
most blasting nature against the Cashier NOT Que u
which save that Of being the son-inaw OF the ffesi,
dn had the sbtess % ts st tn e forth snv
detailed statemen Of the facts false report OF which
has called down upon man gu'ltlcss OF any intenc
tonal error the storm Of Obloquy which the nance Oh
the writer in The Post or OF the person VINO useu III,
bas been commenced against the editors OF Ihs rex
for libel that the Justice Of the Supreme Court on
an affidavit of the utter fasity Of the charges has or
held 10 bail in the rum of $40 OOO and that the facts
81 The case are in fair way become public through