New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-12-20

~ T.s. CourG-y, .n.res:i-s y 'te-t - .o,sey
Je.s sosd',y z t1e s1TeT'or CJii of On ma. 80
r1e.J 4ypo.,o % ias osee;s I'D - 80 '-'
TIE re.o.ui:on vas adopted.
4 correspondent Of TIE Bosom JsFrHoi hA' ''s
following:
Iii known tiiat many CT or Rsi'-o cor
uora,iCns even in New-EngiSnt aed 'ic',i 80
be- ONE entirely bankrupt daring the few pss, ysrN
Probably the stoch 10 most OF tness
companies nst be- CONSIDERED ssEnihilsted In othsfs
Il az be ul,iros ey Of sone value; bl; In.es' s2is
thing is doLe the ro5ds VI IsI ihlp llt ILL.,
r, mortgage bondhoders and ali otser inter sis ne cu'
III Tie hes; method of arranging these matters IL
rr,lem "; ursosed: bU : uniers.ood the Lesisa-
ia-ure q NewYork "a. Nrt-r granted 81 a. 90 'us
O.der sDurgh X. r., w-ich would Fe@m = be p''l
eguitable and proper. The Company are 70 De re-or
ysnizston Of tTe Northern New FORK x. r. under tne
.bAve uane. Tie sc, provides tor In 500 OF the
fret mortgage bords icr ten ye2rs "lt1, we tpiuA,
snIs sinking fyrd, srd the conversion o. me s-ooui
mo,tgsce bords into stock II shout hlt the NOMINAL
valIe. A Urge psIt ci the first bonahold-r' nave
.sesd TO til ezteEs.or and II Is sid We oy, of main
dfcu', IL ,Iy ny olt thu pan - the desire OF M
Trustees TO nod % % their oic,s. Il l)ped tnsG.1-
cuy Uay IL soon Overcome. shf thus = DE- Ehula. %
m.fe IN se,tlens 10 ~ ths sfars Of las'iv.t ccr-
polaiivls. Tie ,ff-ct Of tbs upon otter tonpsAisS
would be ss.u.sry ard in tine. perhaps a. coIf De
a.nicsby c,1sted. TIE O.densburSn rose - sai0 10
he o good order riesrnrs more thsn enoush % pay
aterfst Oh liz first bonGs There i rsasnn u hope
not 1aoy yesIs vii ealse before some i'ii.ni
- be ts,rcd OF he stock % - clv,ted lcom the
sec'ld mortgage bcDfs.
TIE problem TO winch the writer refers is about be-
pg solved by the process Of capitalization or eonVer
SION Of mortgages apj unsecured debts Of the osdens-
burg ito stock st reduced Valuations and in the order
Of security Tie opposition Of Trustees 20 any plans
Of this character Is deserving # unqualified censure'
TIE idea that Trustees who, by the misfortones OF
Railway Company, happen TO come into the manage
m, NJ of the properly should oppose any scheme Tor
It's recupereton for the sake vi continuing III tle Ell
oyment Of fat salaries, is one which cannot be Ia
dulced in without rsking TIE reputation OF such 'l
yiiuss; and yet every movement fcr the relief OF ths
different creditor interests Of the Vermont Csntral ana
Rutland Roads in the State Of Vermont, has mt w'th
the steady and un incorporating hostility oi the Irds-
tee in possession Of those unfortunate lines. Ine
tine will cone zen tie real owners Of the operty
viii assert their rights ard carry their points with
strong hand bu, meanwhile they are moie!s OF pa
.ence and submission.
Mr. Sstterthwaite's circular. by the Arabia. says:
Durr the pawoes Cor o.s have been 'es'y e. a-ou' ~
ol0sir 80 for money aud account
Money I. rather eas.,r.
American Secut- Aa. sud wn.re sat nave been
pressed lower prices had 20 be submitted 70 NJ '-ga .ris
less Bonds freely Offering g. ard New CA Ce1ifa
Shares have dee lined on ssles IRON y 70 H.
forced on sac in large lots ard market FOR them is much