New-York daily tribune., 1858-12-03

srest Iaid 10 edvance instead 81 = cent, tnls re-
source ought roTeIiZc more 'hln have assumed.
" TIE sgurcs theI sun mp thus:
Ass.Caef G.ic. ic...................'.'''''''~ ~-iSt1
L,ss ........'...'''.''..'' be
VI. ..bsi-ucs. OBSERVATION-DISCLOSURES. S51oo
Ac from Lsri D'7artmert t................. lP'.,
Ado L.ersst or isotes........' -'''
Total cone............................ $1,000
Annual lS''""
A,,.D.d d.r5.'. .(sayl...................... spoHo
~ urcporti n e. ,he trsfic exceed tie es'im te
q & 06C0 and in proportion a. interest cesse7 ~
payment vi land note, this dehclt ii be enia-hed
Mr. Wh..ler THINKS iayoracy o. t1e p psct OF tne
payment oi tie land notes, and that but i-w OF the
purco ases o lands have been maize by spectators.
lie a.cr5es re defaults in the payment OF these notes
mainly to the general pos'ra'icn Of business at tue
Wc.t and winds up by pitching iato the management
generally. overlooking the fact that a. ~ are only
Yansee. W. could scarcely be expected - DO this sort
Of thing a. well as Jorn Bail. lie says;
Il am bourd 70 say tbat corsiir serious por
ton of he failure III payment i iand not-- to De at
tTbutaDe to the ls1iiy OF the Lana Once.
Tie Report concludes as fOloTs:
"a word q 70 the msna geme-t which consider
decidedly defective. though viii not DO 20 test
precisely by our English MOTORS. Ine Company
head ices and mar 4. .eneut ~ Newl prt where
lor even more distant eth from the ne eli rhe D.
reotors reside. ThCse whom saw are gentlemen oi
uIdoubted character, aud firm n their fam IN the
concern, in which, a. body, they hold very largely.
But there not Director on or rear the ne or any
Of IL tenniui. Tie Company =, feel conf eut, aOy
and honestly served by it. stan II Chi'agoi bn, Win
ont upeachug either the ability or deyo'edness OF
these gentlemen. II does seem rsisent with common
eeuse that there shoui be Directors the spot -
ass them 10 revise their acts and decisions ana 10
m6rtsu harmonious action wit the towns AMI set
tiers along the ue Yet t.ere Is Ioting Of TIE Kind.
Tic Pre- esdent VINO according tO Amer IN practice,
is very much tie Board go,s over to Illinois when he
cau but be Las 10 tr.ve 600 miles - ge, 70 he con-
fiucs Of ns Undertaking IL ought 4 reside AZ Cni-
c5lo ~ on the line, and 70 have the cooprrat0n ~
or or two aiding mercn fnis OF Chicago "a Dir Jrr,
and in fact - ~ orange that quorum for bu-ine3s
could b. had ether a. Clica~ or Neg-York. Pres
emily there viii be little actual business q tfansao, At
1e h1ter place. j wGIli be desiTable in every re-
suec 10 retain those Of Upr od Dircct r. Who nave
so deep stake in the concern ami even = to!i peri
odica Board st New-Y,rk. maie such inquiries as
cnud and 90 reason 20 doubt that t@O or thr-e
good local Directors could be procured; ah1 t1at y
were desired, morrover 10 obtain au infusion 81 new
blood nj NeW-Iork, Tot only would TIE Directors
l-tiil ] sDeak ully OF those | met no, oJl'ct
hut they manifest desire to increase DI any rehsor-
able means, the confidence ot the EisAsl P!VP.4e-
tors
d" Il, vcriirc for moment ~ The L nd Deplrim ut,
I tllt that rot only islt 1t Tor rotD'r e c'mIrr-
cia part Of IT, be greatly improved IA eih 'tcy, but
it would not e diff nj. Tor tue Mana5 cement - trSh-
IL. throughout the lands ard line system wiz TeDy
H., fullest stsrtcl information to tie condition Of
tie lands aud settlement, the crops ard cher aiers
vital 70 true appreciation oi tie iuiu'e oi ne
Rnilwav might be obtained. Al present, the Conpa-
Nv and ls 1f ers have c.T,an ana iehdbe INFORM
alton on Of these points; and even on the qufs
ol last years crops, whether any and hoy much "i
then yet IN the S-ite, sth If not, what nan ~
rcome of them received, nhen | set ont, ,le most
conflicting statements.
The o-t important question Of all, hoTover, l.
that Of the future hnarcc OF -n' Company OHce Ire
from debt, may suppose II VIII e k-it So. iher
is further serious capital expenditure nselci, ant
- soon H. lhc revlyes and shows return oi sty
5000 Geo gross beside the income from und funds the
annual charges Of the Company will square themelve-,
OF more, because the continuing payment oi ladd
notes viii diminish monthly the charge of : ,3J1,JuO
for interest which the foregoing calculations res'.
Bat 81 long as there Is deficit Of revenue to be-
provided the Company has ample Resources witmd
Itself to cover II, without es.ug the shares For
example-t there were originally set apart from the
lands 80 coo acres called Interest Fund Lands, oi
which the express object was to supply any such de-
fci,Icy Of int rest as IL now aPpfchenied OI these
lalds iO9 OOJ acres have been soli, end there are
notes on land AM 70 fall due to the amount ol
$4,000 Ties, viii the remaining 100 acres nc-
sold represent ~ present prices value Of prob lbiy
600. Why not uili the original design lw'ic6
was to sell these lands ipr CASH aad raise s2O~ OV
ny bords hyFCbe eting the proceeds of ihese iner-
est notes snd lands to them, and providing for their
extinction
Any probable or almost possible requircme for
O. series Of years, this fund woull supply.
"Anptoer financial scheme has been sent over to
England by Mr.. Osb.rn buJ prefer the oregoiag,
terprses, and being simple act of justice 10 the
81 are! oldefs y
I,e business of the Clearing House to-day was
So S2j,OOO Albert ii. Nicoeys regular daily aac-
ton sale Of stocks and bonds will take place on To.
morrow friday, at l2l o'clock, al the Merchants
Exchange. The Bank ol Conlne.ce Will pay the in
tere-t due 1T Jsruary, the State debt OF Missouri
MessIs. Vaa Voeck, Reed u Drexel Wal street, Are
buying the due coupons If the Delaware, Lacka
wanra ard Western Railroad Company. The neso-
tatiors between the Pacific Mail Steamship Company
and IN. Vanderbilt, have no. y-t arrived at aoy re-
sut, excepting that the Pacific Company have made
= oposition which j. their ulim4um, and which mas
not yet been accepted Weunlarstsnd that Mr. Van
dorblt has domuroed to the complaint brought sgaust
him by the Receiver Of the Nicaragua Transit Com
psuy for about = GOA, Oh the grolui anong 9TH
or-, uatte Supreme Court iGd ID authority 70 ap-
point Receiver, the Trarsit Company beng for
eisn corporation. There is, however, believe a
special statute on The books which tbyiates tbs OBJ
jecon. Messis. loge { Co.,, No. 20 Wall 8; eet AL
vertse TO collect or pur,hase tae coupons cue Isl
Janusry rext, on the State iebt of California.
Mr. Carlisle Norwood has been elected President Of
the Lorliard Fire Iu-urance Company vice g. Y. An
derscD deceased Mr. Norwood has been heretofore
Secretary the Company.
We understand tha. offer Of between S3Sd; 80 +
tan as been made for tie cargo Of the American Gaa-
10 Company cuanO which arrived here lat week, and
the price for the cargo which will be due here in
all this MONTH Any one interested IL mammoth veze-
tables sLoud make visit to the ofi3e Of the Company
IL William street.
Tie buoyarcy in French stocks, notcel by the late
arrivals, is believed 10 result from concerted pIen Of
There .so another charge against properly