New-York daily tribune., 1858-12-13

Oecrcas CoIpa,ed ~itt Si4t ooI
Albert 4. Nlcolay5 regular dolly anchOa safe of
stocks 81 bands vii take place Monday, Dee Is,
at;l2, O'Clock, at the Merchants Exchange.
Tie meetipgs which have been held weekly, since
lat sumner, ct ths Mercantile Llbrs R,,'u4, Gin
ton Hall, formulated ~ Wed,es-ay By the orsguizL
,ion CT ''tie New. York Bo,ri Of Cnusncy.' A coz
,itu,on adopted, provilps .or tie dIsssn n,tion
Of ntrngence ~ the question of currency its bear
ing upon the occupa ions and weif-rs OF the people.
Tie nnwirg ofiicers chosen: President, james
Gallatin, ' ce-Piesient-, Pet-r Cooper al George
Oooybe, Tea-ursr, Jlcksup y Scnuhz; ExecItvs
Commit . Wlllam Both J"srpb itSrencc, Ben
'slDiD a. Field and wilson G. Hunt; Corresponding
Ser 'gTy G"Vee ID. Lyman; Recording Secretary,
John Eidr. Puoli' meetings are - be heli monthly,
tor TIE read o papers or addresses qlr-tons
isl.g 20 tine cuT,Lcy. In0 consultations lasted ten
,uccessiye weeks, during which e.'t or ten e,ssys
were presented in adcition 10 the Report toe
Cur,rcy" cra1n Up D. a Special Committee, aud
ur~ imoosly ad"piel 1t ooe If the neetioss ID NJ.
v,mher. 1his report has been Issued u pamphlet tor
geL-Te distribution. The meetings at'.nfe by
SreFioents Of Banks, Cashiers. Mercnants Statesmen
a. d Ed,loIs Of tLi- and other ctrs.
The sp, ce movement has cobtnusd during the
week to the south, but the amount suppe iba- been
,nlooi tran during rhe pevi,us week. Some further
ssipo ert- are ortey.d for next week The foregn
has bees $s2J, ,o00 wbe Tie SUD Treasury holds
tte balen,e rs lat Srurisy although ap t.
lii !url bppAt AHlA nIiyn. thS ptJuiThtS )u
account the reissue OF Treasury have n-otr.
'zed his l.as. In the mean tine. the C.litoui.
steamer birg- 81, ,63l 900 in sod that che banss
VII boid tomorrow lager amount OF speeie tssn
shown b. H. last statement, although tae sverase
may show falling of.
The Dir. ctofs ot tbo Southern Michigan Road have
not yet adjourned, and will probably to de-
cisi' in regard to dividend On Monday. I;
ccr,tood II at the figures how srniug- Of abou,
sso,I which belongs 70 tue preferred shareholders.
The question Of accumllative dvIdeucs upon this
s.otk has been spoken Of ia the Board AM the
bers much DIVIDED this subject. TIE question
must be- probably sooneT or LATER settled oy ,he
Courts.
report ba' id-t been made by Mr. Brydges, Presi-
dent OF the Detroit anc Milwaukee Road % the .t1ok
halcers Of that Rosd, which exhibits lis aT.lrs IN
vastly improved condition, compared WITH thst Of
eighteen months since. Then the credit o. the Com.
pary was entirely protra,ef, rs uortgag- iatre.t
default, it, worsmen pad, is usder p-ots..
ard the work cn the iine snspsodst. Tie smJust
.ee1et 10 clesr the ConDsny ffom embsrras, Dsnts
aid courete the line WAS s27os 900. TIE c colt ri
the Company vGs 81 Uteiy broken tnst tho irst
mortgage bor6s could not De -0li at spy pncs. Ia
this dilemma tie Company sorned negotiations vita
the Great Western RsIroad Company OF CinGi. 10
Which tie Detroit sD NSsuks = j. Very vaiusbe
tributary TIE eitire coutro of the Rosd offered
TO the Greet Western Company, aod the besr security
the Detroit Road hsd "a tlird mvrigsge), ~as ten.
d red fer tie ueeied cid Tne negoIis ions were
nccessu ard the reed passed utiei the nanage nent
Of tire Great Western. BY the aid rendered by thi. |
latter corporation, and thst OBJ .ned from other source,
tie road has been con psted to the Lake st Grand |
Haven, and the floating Indebtedness of ns Company
reduced TO S69s9 most OF which is not due until
lstO, end the amour. Of absolutely overdue debt TO
less than s5o0Co. Tie funded debt Of the Co onpa'y
is row =, $4,000, aud the annual interest is si5i go
requiring annual groes traffic Of sbou' $9io, ,O00 or
sl7 'Co per week. Although the road h.s bsen
opered hut sho. the t-aiir, in 10 undevelopei
state, Las reached sveIage Of over g. 900 par
Ve K. Two ses-golDg steamers are beng built Tor
cIossrg Lake MIch'gas 10 MilFsukse to be really
psx' Summer. Mr. BrydSes co1gratuIa'es the stocx-
holders upon the hat'erpg prospects o the Company,
an states that time ony is ne.ded 70 bring far re
turn for the ceplta they zys invested
TIE circular 0. hr Saite, "a sa,ta, by the P,r-i.
says;