New-York daily tribune., 1858-08-04

y A.
ossis sI & o. q ~ ~ rs oats .esonh NS,h q rr
fa'rc 81 cf7oo rLss iIcm r,.h to o.,b 10 cscnas
tie .sks sAS -son 81 Chosso sta lh.. o. to soltA
eia pstels e. Cssrc, = vs. fsead =, hor- 81
c..ce er ttcEe msiyslcu eSs.1pe. az % c tas 81
leEspt ucrss.e u vs.uo Of taimas .ss c..y lD,..
tsts q tie Wes IN ght II to bes' possible gcaarex
te trocSE hcre 70 tie ooses2,er oi arr pns,ts 6s-
D SEQ o. participate Ii tie projected sfie'p,tss. IL
w. s.I S.t0 tle lal~6y suvls ( = : I, 00.e' be.
4 ~ VIA tie pfC6r - q c,tsi.uct re lads sotl.
rial rs uuct rcfe thsn q q totsl Tae p.sa. tosrs-
foe vac &c s>us bonds secured ~ .hsse ispcs % rass
eitgat sl.ogut a. thus - render ii u-necsSsSy
I, ,sI rp,n tie shseAs'ders 70 aaytN!as rGuch be
y,to 7 on irel cou,iibution Five psf esst Nas on
itst ~ss cs.isd Up of tie shss capita. Besds fct
II vss stipulation rs. {. zee e0hds wfrs - 10
received a. sg iron tie purchasers OF LANDS ssd taS
70 se.es 81 l4Ld were Syst - te ensc.ed Ni.aoNt
Iiop>toSste aracult OF h'Dis beng essoe.ed, t-sfs
Hss Sod pgosPsc, Il ,asir berg 10 cors;snt de-
Esro. atd p! sls az he eeCise 4 extinction wess
or, CT I. e.E G mrsrS ng ish premium. For sor,s
tine everything prcnised well TIE sa.ss O, land.
nricc sge tns-e "a credits oi two aa6 three years.
ave rsscitd sbout E3C00 go atoou-h only hAn
tse Qlsr'ity be,orgipg 20 me Company has ben
psittd wnb while, ovisg to tee inhasRce Of popniA
tiCr tie remainder are isry ceesidered 20 be worth
st ttis mCuert mere than TIE SUN put urce he vhos
at tts ctmn eucerert Unhsppily, instssd OF ths
r<lvs, itg tS, OO.O, the exten iiGe sreua,sd
t. GJNO,tW bat stll, surpcsin2 tie cses.s.sns
regs'cirg tie l,nds 10 be well founded, inere wSs
ptc that heir ss.e would net crly pay thstsho
bu, leave largo sum ss bCaus 70 the slsreasisrs.
vic would tsr sc'us,iy Re CNres free q c,s Ci tAs
eutie hne OF railway. The difference bets,ea the
E3 &c 70 s,o ty bonds sra the E3ooo 600 rssly
eyperoed tsi tC sn ebtsred ps;t'y by Gala o. 10,
proyt ~fo tusd themselves lu'led 10 pay up
- insteac Of 4 cert ct secA share originally Coz
ten s,ed SAD PATTY BY ooisiuips loars IN tAc Ne~
Yc,k Morey market on The prouisscry to,ss Of tao
Ctupsay Yet tuch MAS the cot hdsEce IN the
rel lttseLisioIs sivsn thai sl this tie AT yesr tia
81 ace III c.W rad were sought n . II OK tK'
charge at .6oLt TOO. zen csaie the AnercAo
"A La s,DT. Us,t toa
Il Ii, Company Which seie IN Chcu.'loE az s,ott
date. ira witch amounted 10 s5cUt IM NM.
cou,d net te renewed sny terms. Ihsrs
wss 10 tne 10 usko suaie'oS. cal on to
sisrss tvo..tiris Il which are hsld IN EoSisad.
and tie Ccrpspys psrer was tseieiors al ma-
triity cisacnsItd. 10 prevent seizure N tas
liz by the hcldeis Cf these oblgacns The directors
nsde Sianns N OF tie whole property T. tus:ees
wio were beUnd TO realize 1t equally tVr tbe bsneht OF
a., claimants Tcs gave tie directors ,ns to AVOID
esc, fees end TO collect new cal VI 10 cer 10 IN st
TIE roat pr ssrg D. msnds, and 10 make s,ranse rsuo
for the remainder IN proportion a. the credit OF the
Comuspv might recover. TIE wois. was thersters
thought 10 te ever. end the shares which, with I'D
maid tNc ALLEN 20 abou, Es reiurred az some periods
10 par Meanwhile the Ing, sa Investors eept sat sa
sgsrt to ascertain he entire position of the shAr both
az rsgerdsd The c-Loon ot the line and .s hoanc'A
prosIec.s. Tbs agent recently returned, sad last
mcrth HE rtpcrtwsspiLtsd its ceiMswefe tsyotscss
in ame st every resrec The road WAS pronounced 10
be il excels ut cor d,on; there seemed little epprsheu
lion al the settlers the route would fail to meet
their obligations for the lands tney had purchased.
end an npIession wss likewise created tha The oirec'
tcrs would he able 10 provide Cr al immediate elAirs
without comrg suddenly on the shareholders for my
very lsrgs additional contribution TIE report how
evsr, irstesd tf leading to any recovery IN qusts:
| tiors was followed by Increased sales and rapid
| decline al 4 about three wee ks back notih ,ation
was ICE wed that fresh payment Ct ~ per csnt On
| each share would forthwith be required, wsen the
price at oIee went down 10 about 9S dscount-thst
TO sey, the shares With I ~ PAID whion al tlo
hsy bean
coud row not BE- sold for more than If2. 1be reason
for the rev coll is understood to consist ia tlA
fsilure Of plan recently proposed to induce such
ptc tcpritto,s might be wilrg voluntarily 10 do go,
10 furnish q specific amount an issue OF rev
boucs with certain exceptional privileges At the
ssue time came reports ot the Hoods ID tbs west,
toee.ler with exaggerated descriptions OF damage
done to vauab.e properly Of the company at thsir
Cairo te uinus. lie traffic OF the line, which Wa
previously list file EMIT meet the interest Of the bohds
fo f5 ssred for it, constr ution, and which
interest, uIt the total s diminished by the psymsnts
due durirg the next two years from purchasers Of
lsnds nsy have to re psrty provided by the share
| hodeTs, Was aso iuither affected by this cause.
IIeIce accumulation OF mlsioItunes has fallen
iust at the m. Mt when every man who snay have
already paid up 80 geo to the company IL called upon
to supply G5OtO more, ard the Inconvenience occs-
si,hso ana ITS cortequent Effect on the market may
easily be conceived Yet unlees s)m) extraordinary
mstkes or dtoeptiops have TO be brought to light,
| tho uit mate piCmfe TO all concerned IA little
ehot Of that which was held out at stating All tbs
casualties now pressing are manly OF an accidontet
ard Temporary character, ard those who familiar
| with TIE charges which few yeNs viii effect on .
| ire cf railway through such a State as Illinois N
.ly scarcely he state 20 inc uge great sntcpatons a.
10 II property which hardly anything but gross dis
honesty can diisppoint. Az all EVENT., II this work
proyes to be deluson, the fact NUT be bold estab-
lshed ii at under TO conceivable circumstances can
An,Ican railways he made to pay, and the
bs1.ft will have been attained OF puttiog an
erd to sll further leases in connection with them.
Uptn its Ie'Llts, therefore, interests Of wider
sccIe oepsLd than could attach 10 the ordi-
nary proceeding gs Of a single undertaking however,
large. Its h1tory will thus be watched by English
investors. ard il may be hoped some further develop
meIts will soon be arrived at. This afternoon meet
il x hiss been held ut the London Tavern, at which
has been resolved to appoint pernaospt London
Con i.tee ard also TO endeavor to make provision
for regular autit at New York on behalf Of the Eu-
rotesn char holders II has kewise been determined
that eeputaon Of shareh holders should proceed to
New.York to prevent the Company beiog pledged 10
further expenditure without the previous concurrence
of the LoLcon Coma ittee; and, fnsly, g.nsiI
opri6n was expressed thst the rsilway is nov IN
cor don in which, after the payment Of the call of -
y cen. about 10 fal due, more money should DO
required