The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-05

90 the o.hsr side of The asoo.n,.--
Government securres.f5 44e i5 Increase. no
Wher securities. - 2Cs a40 Decrease. 8ss 24S
Notes rlos ed..... 5T57I75 Increase $50 Oas
The smount ct teses in circulation fls e4s SEQ, beng
departments is Ge ,a50 $685. Showing al lacreasc q
1881 1856 when compared with the preceding
TIE ILLINOIS CENTRAL RAlLaoAD-A NEW LOAN
from the london News (Csty Article, Dec ia
The London agents OF the Illinois Central Ravat Com.
pany have issued proposals for loan of IS 200 600
for the unured deb: of the comrany ane it's
cations ana requirements Up to TIE LIST July next Ths
loan be raised IA per cent bonds pay able tea
yeas The price which tho bonds are to be emitted
par and rs pm additional nducement TO subscribers each
boLd OF COOS 6s Sd will carry right to subscribe fH Is
shares in the company this option terminating in is-
Should The option Of taking such shares De eG-
ercised. the bonds now offered will be received sy
subscriptions invited here for the sum 0
ST soc co., f32o 600, or TO euch further exteat
may be Represented BY optional rights surrendered We
euboin some further oc.a explanations OF the proposed
operation To place the finances q, this great company
upon firm and sound basis ana 10 relieve from tho
dscred, attaching to the prsse,, of floating dcse
il is imperative that the shareholders OF whcm vesf
large proportion reside in Europe should put their sao
AS il is Impossible to determine before the respective
days which the options expire low many shares the
company will have at s disposal, the Obligation 10 issue
BONDS must be limited by the number OF shares a: IL
con msnd The distribution of the bonds will be ia pra
subscriptions Of holders Of existing optional rights ~hA
will have the preference ar subscribers to thAf
loan, provided their subscriptions are made prior
to the 18th Of December next at The Office ~
the company in New York, or to the cd Of
December next at the Office OF Messrs Robert Bonsoa
Co., in London, anu their optional certhcates Deposited
with the company, a. the time OF subscribing For each
bond Of 81 900 thus subscribed and paid for cerhcae
will be issued securing the right subscribe for twenty
five shares Of the capital stock Of the company, which
right will expire on the Goth day OF Feb, 1861 Eaea
bond will be received at par with accrued interest to tho
extent Of forty dollars per share twenty five shares
when the optional rights thus issued are converted Az
money received on the conversion Of these optional r
ka cd Ia aha of Gin.
fund, which shall be invested in the above bonds when
obtanabe at or under par and all bonds received In !
ment will be cancelled Should the whole OF this propoSo<
loan not he subscribed and II therefore becomes neces
sary order pay the floating debt of the company
assess the stock to make up the deficit these bonds viii
be tecey for the nstament at with accrued Inter
est the holders Of the bonds retaining the optional rights
issued with the same Any obligations Of the company,
excepting coupons due Ia september and October, maor
ing previous to the LIST January 1852 VIII be received G
payment for subscriptions.
TIE MONEY CRISIS AND rAILCREs ~ PRUSSIA.
berlin dec Il) correspondence OF London Tnes{
The total number Of failures OF bankruptcies that have
taken place in all Prussia since the commencement OF the
late crisis amounts only 1884, the jofty Of which
OF petty and crcunscribed nature. Of the above
number ifty-sx took place in Berlin chiefly, as have
mentioned before, among manufacturers the dealers THAI
supplied them with Materials and petty tEdesmen; only
Of the number affect members of the Exchange. AS
it known that these two houses brought into %
cutes the stoppage of foreign firms may be said tha
they are the oa failures that have taken place here direct;
y consequence of the crisis elsewhere The negotiations
that had been opened the purpose Of obtaining
loan of l0c0o000 OF marks bapco in silver Tor Hamburg
about OCO of Prussan thaers) knowa TO have
been fruess but the reasons OF their want of success
have yet To my knowledge. In Dresden thv
equally failed, although there were az ample means
there here for supplying the silver; the condition
which the Saxons made and on which the negotiations
split was, that the debts due Saxon subjects by Ham
burgers should with preference in the general b.
quotation. The loan however, which the Prussian and
Saxon banks have bestaed TO make, the National Bank q
Austria has been willing and apparently anxious 10 ex
tend the distressed Hamburgers for not only has
Vienna very great stake in the sodity Of Hamburg bv
also the National Bank possesses large amount OF silver
lying dormant its Golfers until the Is Of January 1850
shall call it into activity aud circulation again.