New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-04-12
tc,,vt Als.s, April g. 1859.
10 y, oa,S If p,,e<r. .f IL trv.-s a. MHo-."


os1iT~f sfy ,.Pi.I r. ~ r's s s. q H.
be go SotaPhI she oo,f5 AIs 80 = y o-y..e ss.ir.
Ierc.r. q-i,e rr~1o,.ib< 'ts me ~ si'~ Pr Pr
oenceD' q he oSinrsIy - go, $3.50, w., b. u. sao: ;,
p-- ~ sasr r.s-o-ay ..;s aad 'rc's- 7o,,-,'1 h.
quir~ 'h rore time sd .sor 'haa 7. ,., T.
manly reason nat s.ii a.- az 70 =. ohy
AID my"f ma; retire from III er,ei1n 40 =. ~ ~
AZ t.py 70 b>7-ve tbs. ny eopnsciion -h ne = =
teen Wildly lrrrodU tive II 'r. - iaor.o.s " - .s..
hs's Temporarily ss'e, "a sure o. t's41 80 - -
Peiion 81 hs rad - La C'o--c paced beyond " ''s
nrA ny s.s: Wl-, fr The .n'es. Of b '''d 'sn-1
ssLtsm.n, Your st~dien. 's,.4 =; cr,pv
Mr. Clark has been succeeded By the u N y; r
Station, a name well kDorp. f. H. G)odnc1 81 MI
waukee hes resigned Director, and Jac}o d.
sbssr Of Albany, elected in hi- place. a. = I'm
SOD, Of the Market Bsbk of Troy hss a-s) oesn
.lected TO tie vacsn-y caused By the resignation oil
Nj kbourue. The Directors OF the Company are
now concentrated a. Albany. AZ the meeting yester-
day. there Wa large sttshdarce OF bSpdhOllers 20
whom -iate ment made ot the condition oil a.
fairs The iron il 81 laid ~ TOneh, and sne cars Ei
run neI; week very lrge force has been pay on
the We.tern section and, a. the money las al oeen
provided, the riyer viii be reached during the yes'
no cfhcIsl notice has been given the Company OF
the change Of time in holding the annual election.
NEE ting OF stockholders will be he'd a oa17 u
few days, which will be adjourned 20 New-York to
cLspt with stock and bono boders here a1d sgr- IL
u
pspy receive notice of any change in the day, aad
ssree upon the names Of parties 20 wnom pro1les
shall be sent. With good management, such az me
present Beard capable # securing 20 the road, its
mortgage bends OF ell kinds must be CERTAIN OF reve-
nue. with the growth OF the business OF the road
there will remain profit for he stock.
Al Chicago there Is slight Improvement in money
natters. New-York Exchange i. lower and il quoted
at y cent. LoDs paper is 10 most request, and
il readily taken when well secured, a. 10 ID = cent
(, arnum FOR periods Of three TO five years Twelve
months fret cisss, be placed q, - go g cent.
Second csss with BIZ: ::te favor a. any rate.
There lie lees money awaiting investment 10
produce and for advances cons garments resdy 20
go forward Grain bss begun to arrive by canal, and
several cargoes have been Gle AIRED FOR Eastern markets,
and relief from these mus. soon be experienced
Speaking Of another of the cases OF the North Amer
lean Trust and Banking Company, winch wss up 10
the Court of Appeals Taursisy the SUI: of Leav.t,
the receiver appellant agains; Graham the trustees,
the Guard Bank, and others, respondents, a
respondent Of The Journal Of Commerce says:
The present branch of this important aud losglit-
igaed case involves the validity OF VIVA. 10 generally
known as the second half million trust of the North
American Trust ard Banking Company. The parties
recuIed by the second bslf-DilliCn trust are the
Grard Bank of Philadelphia, the assignees OF the
United States Bank, and The Merrisons OF London.
tions not decided in the suit relating ~ the million
and first hslf-niiOn trusts One is, whether the
statutes of this State regulating old moneyed cor
poratons are applicable 10 the free banks organized
under our General Banking Law. II they are, II IS
ooptended that this second h4lfmiion trust il void,
for being made in violation Of them. This branch OF
the c,se will be argued by Judge Foot.
"AnOther question is, whether the trustee deed is
Lot void because made with the intent 10 delay hinder
and d. fraud the general of the company in the
collection Of Their debts and then whether the Drec
tors of the Company authorized the making of the
trust deed; and again, whether it no. made TO
give the GIsrd Bank the United States Bank and tne
Mosons preference in payment OF their debts over
other creditors.
There are several other questions OF considerable
importance involved, but those mentioned above are
the principal ones.
"There is formidable srrsy of counsel each
side. Ex-Judges Beardsey and Bronson ard Nichols
Hill appear for Mr. Lesvlt', the Receiver, and
Judge Foot, and Messrs. Benjamin +. Butler and
William Curtis Noyes for the Trustees and the credi-
tois secured by the trust deed"
new bank, organized under the general law, under
the title Of the Merchantss Bank, has just commenced
business at Paterson. Walism II. Ssely, President;
James L. Jonson, Cashier.