New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-02-24
clearing. for s days ending Feb. i6....el55eDl6 100
Clearinss for days ending Feb 81. i6i10o,2s2
Balances for days ending Feb e.. 5&t!s6


The Legislature of the State Of Michigan have
granted portion Of the lands donated by the Cnitet
States TO the Detroit and Milwaukee and Port Euror
and Milwaukee Railways, TO aid them in completing
their lines These Roads form the only aiming
finished part Of an airline from Boston via Milwaukee
to the Mississippi River. The bonds Of these Comps
nice were taken up in London by the promoters of TIE
Great Western of Canada, of which these Roads are
important feeders. Both of these Companies are au.
thorztd to issue their stock in sterling and arrange
ments are now making to open transfer offices in
London upon plan similar to that OF the Great West
ern Of Canada. We noticed that the latter Conpsny
had disposed Of their new steamers Canada and
America receiving their pay in the stock Of the De-
trot and Milw aukee Company at par Tee object Of
the parties purchasing is to make early provision for
the Transmission Of freight and passengers across AXE
Michigan. A glance at the map will show that this
new line is to form very important thoroughfare for
the traffic Of Michigan, Wisconsin, Iowa aud Mime
cola, to and from New-York and Boston.
The property Known as the Broadway Tabernacle
has been sold TO Mr.. John J. Phelps for $l25 900. 1t
consists of one lot % by 100 on Broadway, one IS by
100 on Anthony street joining the rear and the lease Of
three ots for 81 years at $50 per snnum running from
Anthony street TO Catharine lane. The lot on Broad.
way adjoining the Tabernacle lot, % by 100 was elso
sold for $40, co.,
The letters by the Asia brought some orders for
American Securities, and speak Of the tone of the
money market in London ss improving, although the
extension Of commerce ard trade It'll kept up active
demsnd for capital The c. ioental letters speak Of
slight revival of demand for American Securities.
We hear that the Legislature of II nois has passed
an act rtquIig the Free Banks OF that State TO have
at least So 600 actual capts employed in discounug
and TO keep their securities pledged with the Bank
Department 10 T. cent larger than their circulation
Issued upon them. II this be true it will cause the
winding up OF most not al Of the circulation Banks
of tina. State.
We ask attention TO the annexed advertisement of
Messrs. Winsow, Lapier & Co., Offering for sale
$4,000 Of the Ten D. cent convertible Mortgage
Bonds OF the nciaIa Central Railroad Company being
az ssue made TO liquidae existing indebtedness Of the
Company, and which does not increase ts aggregate
debt The Company has been for several year. IN sue
&C sfu operation ard doing large and success.
fal business havir pad cash dividends during the
past year Of SIR q ceot, leaving surplus of -Four y
cent The rad one Of the best constructed in the
State of Indiana and well mansged. The rate Of 10
,ertst borne BY these Bond. coupled with the security
for their Reimbursement, Will attract etteEd1n. The
reputation Of Messrs Wn:Ow Lanier 4 Co. fir offer.
Jog only inst class securities, has been thoroughly e.
isbi.bed daring the pas; few years:
We efer for sa $4,000 Of re Second NaTssse Bond, Of
iNr Of 10 per Cos2ons psysbe lot ely ard
Isl January SewYoIii principal rsistHes!e the
Tks rad 10 completed Ard II srcc.sfal epena,c i'm
H1si erg Sag lie Cy Il I,1soaP0 =. :sp;J