New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-03-10

pew bank i. TO commence busiie at Patsrs N,
New jersey, the 18th inst. under the n.me OF me
Merchants Bank. |: j. organized under the general
law, with capital Of $4,000.
The Boston Pcs,, in relation 70 tie money narAstoi
that city, says:
Money IS so dull and abundant that there - ht'le
talk about il, except IN the way OF INJURY as 10 the
time when will De freely lsnt az or = cent some
loans have been made ~ me latter 1g -, ana
here au0 there we hear OF peculiar transactions AZ
lower rates. The bsnks, however clio. - g cent
call on Boston pape-, ana 10 cent on ioEe'Eu
notes. They have sercR and a tat miIt0HS 81 'tfc"
on hand while TIRE foreign AID the heavy sterling
exchange market indicate = cessstlon OF sprGe eA-
port. aud With condition. Of internal ,rae and collect 70.
point larger sccuust Of sol IN the -esoord s
In state stret morey znees nom 10 IS = cent me a
ing ri BY fancy " q IN iISe
nSrtr. In rec,I, articles We have reviewed tae Pr
ado and oruin. hereto ~ expressed N-y j.
bound 10 be exceedingly abuneNt for long I'M lL t
good that IL vii b. long tine ere na.Le.s OK
speculation The accuHuA'Es thAi u" CASE
stors srs eIs n.i7 livev Pieton; and .he brokers'
who line, bsye ben dlosns Along "i'a '' gan
az row CARING lab. raj mInissloDs ,,.. ~.
Tbe .sdpE and ,ock in this or Tine bag hAs
been tie Cary In Povement Company which after a9i
fypg nr 10 reecled about H. I, hss .ie risen tes -
o. with .vsrv probability OF asnins uoh hisner h1ife
am tba, hs been decided 20 make tAis stock 'es 81 -
d.udrsvrg couc.u. WIKI TIL. idea ;ne only teb' Of ot'
i 10 BE- raid fo durUg March toe .euAIdef IN e
sAsrusd. This done dividend 81 one dop az ~ -
cre.nt the sum sr time from further sales OF lands Inc
suIrius baud, Of t,o 80 are a'aAO 40
Besides them the Company h' 30 9Ie' a 80 j.b ,e
able portion which will b. in inmeiiNie i'nAnd H5
say under Even in the Fss me sa.e' d a
sy,Iss,d abOu. l5c. pr foot, which; WITH s1e an ~
t,r lire Even H. Per ,o, the property counts w
: 90 COO or above = pr share The estate Is ooa1ps
iv win t,trh If =. t,tt Of water on Is on9 wa.
fon, l. ae ady has considerable poPnlAii9n' lhese arc ~
l.i tie sthe Racer can draw ne Hle .vv n o,pe
shares BIT 10 great advance in Any variety INDEED mo-,
declined little. OF the never ocss OF H' '1s N.
Ikifh
a bs;rrjDs 20 ,bink tha: Pewabc is compaTA;iyey the
forthcoming report Of the Isle ROyae said 70 be ,0 very
.sTd b bu.nsts He spends and pIodu more man III
pr,dsc. The best Judges a, Forage Lake ssy nj
w.. and in ,ooc tine Cooper Falls and Toec have ecedeu
with uuiAyorabe news from either niue. tIoA i"j
o,.iIs favor of their the Pewab and Isle hoyAe
From The Philadelphia Lager. ,
TIE foownr Information in reference 20 the funded
deb, Of Allegheny County aud OF the Ch! o' rT's
bur h. is from private letter OF SeLteWeu - ma
civ and who is well informed on the wnole supJec'
As,be acts stated are of public interest, We persuae
ourselves We are making the best possible use OF tncn
BY making them pubic: r...,-,. r.b ~ 1879
DEAR SIR: An the bonds by the city in aid q rAos sis
ARE coupon" bones amounting 20 Al@oW" but ne W uSs
Ptsd DEBT f95 %upi pU y sns op Witch + hc limit
lived by the act of Assembly for that kind OF debt Im' do
ss ard an interest the city holds in the Sa works \
g part municipal debt proper n the o'n 81 nsc
bonds and certificates of loan but such portions OF As
red within the eht years has been rene vel o
coupon bonds, that both debts one ~ pa perhaps
that debt however which have as Tor municipal
purposes proper the interest has always beer paid with a
us'y part Of IL is in default Its mainly held III fha'
| depbia ,.,. 18th. o.. -. 200,
This Railroad Debt ceaed in cid OF Railroads follows
Cio aud Pennsylvania Pittsburgh F9rt Wayne IN ooo
ana Chicago default this road in JaAuay t-ou1O
Pittsburgh sud steubeuyie, first sab';rip .,.,ooo
| p;,,sbu,sb and St4ub.uyLe second subscrt
........ 5OOOcO- 700
Fntss and Gcinei:yc m deiaa Jalaaiy last 10000
Charters Valley CONNECTING Steubenyile and Hemp
l''
On the failure Of the Pittsburgh ard steubenye the City Pd
the interest those Bonds tor year er.....
Allegheny County has Railroad Debt Also as ioHows ~ M
Railroad (stocs pledged forts pymen 81 coo ~
Pittsburgh and steuben'lle 1900
Pit.bmeb and ConDeusvie. 100.
ShaIiies ale 500.
Aour couny valuation Is but ~ 100000 ofwhcn Chyo
Psburgh represents slO0oO0Oo you what share me c
msny antl November coupon. upon roads default
Ing viz Pittsburgh and seubenye Allegheny Valley and
But tine October election placed Democratic Commissioner
be- Board who pledged to pudatiop or rather TO
authorize and nand it, Aud this majority Of Democr4
in the ofhr three constituting III ~neTeuPon tn
meory passed resolution coulermandDg the assessment
four mills poy that interest has been 'aid b.
the equity s me the ey snp Court or until we aa reion
nave ", lsoii l.'ii. ~ r. L.. ''
IT y Cnpc last ycsr prepared and passed through
brauctes law and sent 70 Harm burg prov dng nv
1aou 10 nav railroad Interest, chiefly business banks
uuations companies aud sgences bat the Lee s
very properly, because OF certain oppn s,ve and
odous features And consequently the gound that the
ciy stands sill and paws railroad bonds all
The legislation which authorized the issue OF these nds to
complete and all the CONDITIONS OF zoe suoscrP
Cn' appear to hsye ben fury COMPLIED WIN It = al1sed
Valley road instance were sold under par before an author
aoh OF me Legislature wa oosng ba' '' vac ho Ine
signing demsgogue and dishonest who have succeeded in
peIuadDg large Iton Of Me rural population that they
houtsuy escape PAYNE OF tax for railroad purposes
There noh therefore, depecae these Railroad Bonds
below ackDo"t aud laid up debt but l ANT OF repd
Jdcto in the hands Of capitalists pro efbiJ tnid
IL Is difficult 10 give opinion emitted to Jour confidence as 20
the time when payn Of Interest will be resumed The Of
exemption our people have @ sOd tn, tsrHe Of oondloie to
The part Of the country people and look @ no resumption oy
Court lbat /. inevitable however when il
ea,y will pay The business element in the city will force
the Council. INTO payi so soon as the Legislature pass the
pecrs,aTya But ,ppss the c1ty callot now pr5gd. for
ntes. earlier than January IN That both city AID country
will resume within couple Of years, think ID not 70 DO
ought perhaps to mention that Allegheny cry within the
county Lac debt Ut 10000 Coupon BOLds lssued
the PIT, burgn Fort Wayne and Chicago Road r.
BY ali order of the Supreme Court Of this State, On
Saturday il was ordered and decreed that the holders
OF boz d. issued by the County of Allegheny in pay
ut of the subscription made by the said county 10
the capital stock of the Pennsylvania Railroad Com
pany, may surrender the bonds held by them re-
spectivey u the said County of Ales heny, aud are
entitled, with the of the sali county t. take
and receive IL lieu and satisfaction thereof, proper
tona amount Of the stock so held by the ssme onnty
at the par yaue thereof or upon such other terms,
not exceeding their respective prop0rtonate amount,
a. may be agreed upon between the sand parties and
10 have the sed proportional amount Of tue said sock
transferred TO them respectively upon the books Of the
said Company.
Sales Of stocks ut Boston MARCH 8.
FiT. BOdrd-l6 shares Bosom Manr r. R. Sit; Boston
4 PLmN L 4 g 81. IL l.