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

The payment of the Funded Debt is provided for by
a Sinking Fund, the annual contribution to which
is 40 OO0 which will make the Fund sufficient to meet
the debt at maturity.
The report from which we take the above figures
says;
Under the circumstances oi depression and embar
rassment now so extensively affecting the railroads OF
this country the Directors have not felt that the inter-
ests of the stockholders would be consulted by making
dividend al this tme Ii is believed TO lie better TO
funds in maintaining the pecuniary credit of the
road and avoiding the calamity which has fallen -
disastrOusly upon MANY roads-a floating debt.
The stockholders of this Company may with proprie-
~ be congratulated that their road has gone through
the terrible ordeal 10 which all railroad property has
been subjected daring the last few months without pc
cniary discredt and with les injury to its business
and property than has befallen most roads.
The Directors see no reason TO doubt that the eI-
pectations which have been heretofore entertained in
relation TO the producjiyeness of the road will be real
lied and that with economical management, II will
pay to the stockholders regular aud reasonable dyi
dends. They have a railroad "a miles long. terminal
ing at Rome upon the Erie Canal and New-lOrk Cen
tral kailroad aud al Cape Vincent upon the ~. Law
renee River in good order, with ample accomnoda
tions al each end the way OF storage ground docks
warehouse, el.y ator and with sufficient EQUIP pment
for large and profitable traffic.
The drveools auction houses which have la Flor tae
past two weeks a comparatively quiet time, are now
beginning TO do more, and the present week promises
10 be busy one with them. The different aua oneers
to-day presented assorted and desirable catalogues,
which drew TO the rooms quite large companies OF
buyers.
Messrs. Has.eity Co. had very large. though
NOT snirited house The giuehamS and lawns which
comprised large part OF the catalogue sold low from
the fact that they were in poor styles aud mai been
PIE, ousy rejected by the trade a such. The linen
goods the catalogue, being desirable were eagerly
taken up at very good prices. Messrs. Wmerding,
Uopuet 4 Humber had q large ATTENDANCE of buyers
comprising many outOi-town merchants. The white
Goods and enbrot cries sod very well and brought
better prices than At the previous sale. The msntllss
cosks c. sold al very fair prices, and the sale gen.
elally speaking passed of spiritedy. Messrs. Had
den n Co offered large anu attractive catalogue Of
carpets nattng>, rugs, &c. The attendance very
large, particularly from our neig5borng cities, and
the company spirited one. The foreign az pets
were chnpri.ed largely ~ "Crouseley's and other
standard manufactures. and sold well. The domestic
carpets also sold al fine prices. The mstng- brought
~ for the a ard 4lc. for the 81 goods The sale
taken rigbt through, considered very good one.
I1,ter, by the steamer state tia, NJ. James Oder,
whose suspension in Paris excited 60 much surprise
would resume payment soon with a large surplus.
Mr. Osboin, the President of the Illinois Central
Road, will arrive in the Europa having been entirely
successful in his mission.
As,eetpg of the stockholders Of the Illiuoi. Cen.
t,,l Road held in London, the following resolutions
were adopted
. IN, Director. should consider how the 800 n..roc.
ion Bonds now cancelled snd the future sEsia should
b. S..lt iih for the benefit of the shsrvholders.
That 30 onf the earnings Of the line
r Interest the bcnds ossk dividend on "a.
81 ~ IN. Directors be Recommended n p.yius
h. utes, non the capital stock 20 render sab p,y
nen,, in bonds Of the Company bUtns y cent nrer which
bonds ,ha subsequent to the existing sond. of The
psny.
The appointment Of Mr.. Fisher as Auditor Of the
Company on tehs.f Of the foreign s:ockboiders was
approved.