The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-12-06
ART.

ART.
Clarke Mills has nearly finished the plaster cast
of the equestrian statue of Washington, for which
he received commission from Congress The
face was modelled from the cast taken from Wash
ington himself by IIoudon. The statue represen Is
the General at the critical moment of the Battle OF
Monmouth.
An equestrian statue of the South American
"Liberator," Simon Bolivar, ordered by the city o
Lima, in Peru has Just been cast in bronze at Mu.
mich, Bavaria. 1t placed on exhibition in
Munich about the first Of November, preparat tory
to shipment to its destination. The statue is fifteen
German feet in height and weighs Ill cwt The
model was furnished by the Roman sculptor, Tado-
lini, who, as German journal remarks, ''seems to
have designed it to suit the ideas Of popular sover
eighty, now prevalent in America. The Libera
tor with his hat in one hand, is bowing respectfully
to the people, in whom he recognises the source Of
all power"
The statue was cast in one piece with the excep-
tion of the head and legs Of the rider and the fore
legs of the horse, which had to be detached to al
low the transportation overland to Mannheim
whence it was to be conveyed by water to Amster-
dam, whence it would start on its Journey around
Cape Horn to Lima. The pedestal is of Carrara
marble, sculptured in the Renaissance STYLE. Two
of the sides are Ornamented with flower and fruit
carvings the third bears the Peruvian coat-of-arms
with the lama. the olive tree and cornucopiaa and
the inscription. Rcpub'ico del Peru the fourth side
bears the words A Simon Bor0i' Libeyrador la
Nocion Peruona. Ammo Di. MDCCCLFIIl. The
metal from which the statue was cast came from
Australia.
This statue was originally ordered three wears ago
by the then President of Peru The model was
finished by Tadolini. and ready to send to Munich,
when received in Rome that popular
revolution had broken ont in Peru, deposed the
President, and declared his contract with the Ro-
man artist null and void. In the summer of 1857,
the Peruvian people experienced a changer" the
unfinished statue of the Libcrator was again
thought OF, and its execution and erection were
Il III 1 I 90,
soon as possible. Another contract was made,
and thirteen months time given for the completion
of the statue in brcnZe. The thirteen months
have not quite elapsed and the 9TH ultimo
the statue started from Munich on its journey tc
Lima.
The Album of Virginia is completed. 1t contains
about fifty views of scenery in the Old Dominion
Mr.. Boyer, Dusseldorf graduate, took most Of tn,
original sketches
4 new print will be shortly issued at Boston, the
subject being suggested by the following stanzas il
Whittier's '.Maud Muller"
"Maud Muller looked and sighed. All me-
That the Judges bride might be-
THE Judge looked back as he climbed the hill
And saw Maud Muller standing still"
ONO AND MISSISSIPPI RAmEoAD.-A meeting ot
the stockholders OF this Company, was held at the
Office of the corporation in Cincinnati, on Wedncs-
day. There was fair attendance, including many
OF the largest stockholders. LarZ Anderson, Esq,
was appointed chairman; Samuel Trevor, secretary
The following is a statement of the bonded and
floating debt, and the Capital Stock, to Jan. !
1859
First Mortgage Bonds and interest s2193. SOC
Old % do. do. do. .......... $685.
Construction do. do. .......... 1887 900
Income do do. .......... 1881, ,lS5
Total Bonded Dcbt.................. sIO.7So. SOC
Old Floating Debt and lnerest.............. 10000
Due Contractors MesSrs. Aspnwall X As
socates and Interest. sos 4OC
Capital Stock of the Company. y............ 6,30O0OG
City of Cincinnat-Capital Stock, for which
is held 1000 900 in Stock as Coateral.... G00o0G
Total. OBSERVATION-DISCLOSURES. sIsl4S 0OC
Annual Interest Bonded Debt per cent $500 90G
Annual Interest Floaing Debt at per cent, 3)50G
Interest City Debt, after 1861 at per cent $4,000
Interest on over due Coupons, $4,000 at
per cent?. ACKNOWLEDGEMENTS. 6OgOt
Total Annual Interest. t............. sSIS, ,SoC
The past due interest on the mortgage bonds
which the company is unable to meet amounts to
S646, ,24O and there exist heavy Liabilities to the
city of Cincinnati, and a floating debt Of about
S530,000. The requirements of the road essential
to its own Improvement and permanenCy, will CX-
haust the entire net earnings for several months to
come, rendering further accumulation of interest
unavoidable
At a meeting in November the Directors adopted
preamble and resolutions from which the above
statements taken. They also say, it is highly
desirable that the indebtedness of the Company
should be capitalized or otherwise arranged, that
the Company may be eilectuay relieved from the
payment, hereafter, OF large amount OF inter-
est as is accumulating.
Thecapital stock Of the Company is now too large
admit of such an increase, will be sufficient
for the purpose of such capitalization, without ere
ating a capital stock which would bear an undue
proportion to the fair value of the road and appur-
tenances and which would therefore have but A
nominal value per share they therefore earnestly
recommended to the stockholders, the adoption of
some general and comprehensive scheme for the re-
ductOn of the present bonded and stock capital,
and for the adjustment Of liabilities and the imme-
diatc appointment Of a committee the part OF the
stockholders, at general meeting to be called for
that purpose, to whom full powers to carry out a
proper plan shall be given, and the President was
directed to call such meeting at such time and place
he may deem proper.
The stockholders met as already stated, and pass
ed resolutions which recognize the condition of the
company, and request the various parties inter
ested, viz: the Bondholdcrs, the Floating debt
Creditors, the City of Cincinnati to appoint Com
mittee to represent their respective interests, to
meet a Committee of Stockholders, with authority
to cOnsummate some arrangements for the reduction
Of the bonded debt and stock capital of the Compa
ny, and for the adjustment of its other liabilities.
Authorized the appointment of a Committee the
part of the Stockholders, empowered to agree to
some general and comprehensive plan that shall
equltably protect the various interests, and at the
same time cifectually relieve the Company from
the heavy burthcn of debt which is now crushing
out its energies and destroying its usefulness and
freely commit their interests to the Committee.
All the Stockholders of the Company are recon-
mended to unite with those present in the execution
of an authority to the Committee, authorizing
them to bind the subscribers respectively, by any
plan of adjustment which they may adopt for the
reduction Of the stock capital and liabilities of the
Company.
V. Worthington, James C. Hall, J. D. Lehmcr
John Ross, and Y. l.. NJ. Barlow, and the Chairman
of the meeting compose the Committee. A Power
of Attorney, giving the Committee full authority to
carry out the object of the resolutions was numer.
cif h.,
tional signatures.