New-York daily tribune., 1858-02-20
Hee CIV hoss, .ssued 70 the old LAle Shore Roai'
row c.is.d Tie Green Bsy MIwsuhss and Chicago

"t .,;,o.,v fair sr the City Controller 70 t.'s,m
the Common Coanc1 by an Official rpon, 1'"' I
courors OF the Lahe Shore Road were unHa1i - "a.
The Controller stated that the in'erest Oh a.. -,
Of this road bad been paid. except yen ,S.v h.S
;b..e wee pre.s sed be informed thst tsey ne1
been frsad1ep,ly obtained; hs: notice thsTe9i hat
been pubI.bed immediately aftervsrd IN t3of' .ns.
paymtn. Of them had been sorbddsn 9y Sne 70, ~
claiming 70 be the true owner; that tney -, ends
presepted for payneu, in previous yesrs tost .gnos
Psr. n."1Sa =, their payment, bu. ,ha. for these
rea.ons psyment was declned-!hea the Couinon ,
Counci, might have discovered the lmPropr'sy
Of the formal notice served by The oyu.ion.. ~ -
late President Of the road and the paDnc hafe ""o
stood why !. received 20 little attention. ,rvrvs
President of q. b., NJ and T. H. H.
the Southern Banks are preparing toward resumP-
ton Georga is ready and IS only waiting Tor Chares
ton. But for The holding bsck Of two Cnares'on
banks. the Whole South would Fave been 10 line some
time siEce.
The total amount Of specie in the Penusyivanis
Ranks i. s. 1889 Of which a. S23 900 IS in Phisdei-
pha, a. $780, OO0 in Pittsburgh, and 5000 cU 10 tue
country banks.
The Cleveland Banks on the l7th threw out the
po.ee Of the Cana. Bank Cleveland and also the notes
of the Union Bank, Sandusky; City Bsnk, Columbus,
and Seneca Conuiy Bank, Tifiu.
The Court of Common Pleas, Of Philadelphia, hsve
confirmed the assignment of the effects of the Bank of
Pennsylvan; made to Nessrs Patterson, Taylor and
Savage The gentlemen named resigned theirpohton
az Dire tc.ors of the bank and consequently became
eligible ar assigners under the ruling Of the Court The
dome stic attachment against Mr.. Ahbone late Presi-
dent of the bank, has aso been dissolved.
The s.. Loas Republican says:
Money affairs remained ct the close OF ast week
much in the condition noted in our last. Money IS
quite easy az rates within the bank range TO all VINO
tlo 20 ntrr hapOrntirO
tiops Such il the offer outside, goes at from az y
cent. ,...,
The rates Of exchange the east receded little,
the quotations for sight az the end OF the week bepg
a: e cent premium tbuyingl and u premium lsell-
ipgl. Exchange on New-Oresns s very scarce.
At Cincinnati according T. The Gazette, capital Ii
used freely, and with degree Of confidence that con-
trsss strongly and savorably with the condition Of
affairs few weeks ago.
The Boston Erening Journal Of Thursday, says:
THE matter of appointing Receivers to wind up
the affairs Of the Bay State Mills Corporation, came
I'D before Judge Thomas of the supreme Court, yes
terday, sccordng TO adjournment. Mr.. e. b. GOOD,
rch Counsel for the Corporation. presented iormai
decree which, besides prescribing the duties usua In
such csses allows the Receivers TO work up and CON-
piee the manufacture of any raw material now on
hand and complete any contracts which were made
before the cling of this petition Mr. Coourlch pre-
senied the names OF Messrs; WIN. Applet1n' E. %.
Crownnshield and George H. Kuhn as the parties
whom the Corporation desired 10 have appointed as
Receivers. and contended that rs the stockholders
interest was the largest interest 1t was proper that
they should name the Receivers.
- A. he conclusion of Mr. Goodrich's remarks the
Court remark that it not necessary forthe other
side to discuss the subject as his mind was suostan-
TALLY made up In making the appointment he felt
70 be his duty 10 consult the wishes of the creditors
az well the stockholders and he had decided to ap-
point Messrs. +. b. Crownlnsheld, George III. Kuhn
and Israel Whitney as the Receivers"
The annexed circular Of the President of the Illinois
Central Railroad hss we believe never been published
in this county. 1t contains some very sensible sug
ge-tions o
The near approach of the Annual Meeting of share
holder of this Company, which TO be held ct Chi
caco, on the third Wednesday of March, induces me
20 address those who have intrusted me with their
pfo1ee
Il Is at all times important that these meetings
should be largely attended for the vast amount OF
properly to be acted upon, and the necessity Tor its
careful and ldcions management, require that those
who are Interested in should give their direct and
personal attention to the business. II railroads are to
be well and economically conducted, and the officers
held to rigid and faithful discharge of their duties
the propretors should exercise active supervision
Yet IL cannot be denied hat there is no species OF
property toward the active control OF which the
owners manifest generally 90 much Indifference and
neglect
il il complimentary to the Boards Of Directors Of
Railroad enterprises, TO be ntrusted with so large
direction, and broad responsibility; but that dis
oreiOn and responsibility the greater part OF them DO
would prefer in most TO be assisted by
advice aid COUNCIL of ose who hsve common interest with
bse,e- wise efficient and honest administration ot the
7be necessary coDsequ.nces of sye participation BY the
Shareholders oil railroad companies IN their CONTROL would De-
knowledge OF their POSITION financial no otne
wis., aud increased ability to guard against those 10
the condition Of the enterprise ssf and
s.aRs s v.e ni frequently 'h0~h 10 '
With view th diff ;ulty therefore md as s.ep to
thorough AID effective manssement OF this Compsny
would most respectfully Iecomnend wnee peisoa s
Of prOxe. should made For the list three have held
sorty Of the, but should sS.r b . sgei u as ,so% sAy
would te desirable also for the satisfaction a. vel
seuy OF Shareholder. that an independent and
,ded for out OF its funds competent person or persons out
vesgaons and reports would give additional confidence and
liability Priyste and pnec opinion. ,.,,..,,.. .
the interests the Company for it TO obtain the csn Of
line OF rslTosd connecting the main ne with the oIsnc 10
the Peoria and oquss line by eOntsc securing the gnin;
erruped passage est trains Of the IiIos Central Railroad
increased e7a but not beyond thai sum BY Increase
business The I0od 70 Be BY % rsOs S @ ana ~ "
se Per e 9f sossS Is Rsd BENT the aa saspfsse Il
ih. conp.ny whk !. already Obligated % pay $1,000 Per
the interest and sinking fund There
other Of this ehse.es s conemped by Bosd The present
the Company desire tbst resolution 10 the follow
rurpo be presented CONSIDERATION a. the ensuing meeting
Wier1a IL the opinion Of the shareholders of this Com.
py ts nisies would be promoted end protected If the Board
o Directors should be called AFFORD more detailed and ex
s 9SsSa f. to t1s I cis
sunsn Of bends or BY the sdvasee OF money to thens
c,o,rtd Ths, the Board Of Directors In each instance in
which proposed esi:IS .s'aass to Other COMP
inoinsd them,e,e, rt snd suhOhy DO .ceOrd
ss.enen; OF the and object Of the proeeedins
aud tie CIRCUMSTANCES which, IN their judgment render i'm
sbi.y 10 Be Incurred hersby and Of tie method By
s this be NE; and di'hargea together with such 'dd