New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-19

| Of Detroit. Monroe ard Toledo Railroad bonds.
The following sales were made q auction to-day b.
| S. Draper:
$500 City Of MeE pbisss nteres, sdeed ~
$500 Milwaukee and Detroit Railroad So, interest sdse> ~
81 Gee Missouri g. interest ADDED.
IS eco Missouri Sc interest sdoed 70
sscC L. crc.:. and Ss .osss ssC.a Ia Int .di.
10 shares American Exchange Bsnk.
10 sbme. Columbia Fire Insurance. Ccm,any.... SCI
So shares Fulton Fire lrsursnce Company.
Also, by Adrian II. Muller:
SIS cCo Illinois Central Rsrosd &C. interest ~
IS shares Corn EIchsnse Insurance Company.
Ito stsres StoDiDgton Railroad.
Also, BY Albert II. Nicolsy
- shares Ehe u
IS shares Metrr polian Bank
The business of tho Clearing House today wa
| $l3 439, 2OO The transactions show . gradual in
| crease of business in community.
The stockholders, bondholders, creditors, and all
others interested in the Delaware, Lsckswsnna and
Western Rar ad Company are urgently requested to
meet at the Mercantile Library on Monday evecins
next the 23d nat. The time for arranging the affairs
of this Company is now becoming very shor. The
| Committee say:
"The Con mttee will continue their efforts, being
| determined that nothing shan be wanting on their
| part 10 success; but they can accomplish
w
interest. Ii they will not forward TO cave their
property, it must be lost VIZ, stock and unsecured
| debt for the Committee can see no other mode o.
| preventing the Road from going into the hands Of
bopdholdes, and that very soon, because on the lt
December proxmo, they will have the right to COM
mence proceedings to forecose.'
The annexed subscription paper Is being circulated
among those interested. 1t embodes the plan alluded
to few days since for relieving the Company named
from its embarrassmerts and requires the immediate
attention of the Bondholders and Creditors:
"Ukereas, The Toledo, Wabash and Western Rail
road Company duly organized under the laws OF the
States Of Ohio and Indiana by the consold ,tion OF
the Toledo ard Illinois Railroad Company and the
Lake Erie, Wabash and 81. Louis Railroad Company,
has become embarrassed, and unable to pay It's dcb1
as they ature And Uhcreas, there are liens by mort
cages on the property Of the ssid Company, which
create various aud ilictng claims; And rhereas 1t
is the desire Of all parties interested IN said Company
to release il from embarrassment and litigation, by ths
reduction funding and payment Of is debts, and the
suIreLdtr Of portion OF its Capital stock: No1 there.
FORE We the undersigned BoLdhOders, Creditors and
Stockholders OF the said Company, seversly holdoE
the interest described opposite our respective names,
for and in consider alton of the promises and sapula
tions herein contained, mutually made by the UNDER
signed to each other and to the said Company. do
hereby promise to comply with, and on our respective
parts perform the following stpustions and agree
" Tvn. We, the holders of the First Mortgage
Bonds Of the Toledo and Illinois Railroad Company,
.
| Company, sgIee TO fund years interest on said
boz d. Represented by the coupons due on the LIST day
of ugust 1888 sLd 10 become due on the LIST Gay OF
February, 1851 aid we, the holders OF the SECOND
year ard Fix months interest thereon, represented by
be coupons due the let day Of May 1857, and the
let day Of November 1857 and those 10 become duo
on the Let day May 1853; and take therefor at par
the notes or bonds Of the Company, payable In three
four, five, six and seven years from the lst day OF
November, 1857, with interest at the rate of v cent
| T. aInum payable sen annually; the coupons 20
funded 10 be posted with and held by trustee q
security for the payment OF the said notes or boncs
" Second We, The holders Of the Real Estate
'onds OF SAID Companies, agree 70 surrender them,
thereof and the unpaid interest to the LIST Of Decsmbes
1857 in the Capital Stock Of the Company.
"Thrd, We, the holders Of the Inccme Bonds Of
sad Companies, sgree to surrender them, ana receive
in lieu thereof forty per cent oil the amount thereo N
tie Capital Stock OF the Company.
F0urM: We, The other creditors Of the Company.
agree TO surreLder cur respective claims and receive
in lieu thereof PItf.Ded Stock Of the Company, AZ
par entitled 10 a CiyideId Of seven PER cent per
alum.
"FIGh: We, the Stockholders Of the Company,
agree to surrender ard cancel seventy per cent IL
the on cunt Of Stock held by each Of Va.
"lSfxh In the event of the inability 10 obtain tbs
general consent Of The creditors Of the Company 70
ibis sgrtemsst we, the holceIs OF the Second Mort
gage B'rds agree, in case OF orecosuIe Oh ms no
the ad ana tie purcbase thereof on such foreclosure
h, ma or ON our behsf TO extend to such creditors Of
the Company az shall subscribe hereto, the spirit Of
TIN sgreeueLt IN the reissue Of new Second Mortgage
Bobcs to the amount of the Second Mortgage Bonds
subscribed hereto and the additional cOs VI tho road
such sale, and TO issue stok TO the subscribers 70
this sgreemtLt in eccoidspce with the provisions
hereof; it being TIE intent Of the parties hereto 10
cary cut The tue spirit Of this agreement to ali the
hereto upon the Like position AID terms IS
if all the creditors and stockholders subscribed hereto,
and sun mated this agreement without such fore
closure and sse.
"StrenM. The Toledo, Wabash and Western Rail-
rc al Company hereby agree 10 carry out the foregoing
sii( usiiohs ID The p,rt OF the Company.
"P,Orid,d That this Agreement shall not DO bndiDG
me- On the parties hereto uness the and shall
be oanitd Cut and perfected, either by the general
cusen, CT parties Interested, or by the aid OF Court
Of Law, should it become necessary TO invoke the all
"Ibe .xp.rses necessary 10 be Incurred 10 carrying
gu, this arrangement to be pad from the earnings Of
the Road
THE foregoing Agreement to be open for subscrip-
lion by tie parties interested until the 18Th day VI
JsI u.Iy nt1t.
" DATED Aorenber, 1881"
Tie meeting Of bank officers 10 day at the CLEARING
Houte resulted in 10 important action The Metro
tci,an Bar reported ths. they should tomorrow re-
commence receiving State currency at v cent on-
cont. Every bark in the State will DO received
which bias rot heretofore been thIown out Oniy
three or four banks have not responded TO tho wishes
e the cty barks ard even these will, for the present.
he t,ker. The srhjea of ipeoie resumption was ''s
oue b. tp aud nay be considered as At rsst for oms
weeks AZ lesst.
Ire demand fer Geld is very light and the brokers
have mt the bu;ip rate down to 2oc % the
AGO. TIE Niagara brings 1000, and We under
the various expresses TO day brought from
the int. rOr 800 or ESQ OOosu'h is the scarcity
ofe,cbar ae on New.York. TIE rates Of exchange %
vsriou. point, are easier Philadelphia, 2li Bsla.
Il. Il. 4 -