New-York daily tribune., 1858-08-09
what confirmed BY lie srnezsi, winch We ind IN Tic

IMPORTANT ascirons restive 70 rsihosd grants. One
Of ihese refers 20 the rsilrOsd from Mscison,
OF Portage C'y, 10 s.. Cro1 Lsks c- River, s1a .ne
que,tic decdtd is th.t the efus.l Of the GlFeiao
Of the STATE 70 certify 10 the eonPei OF -
twenty continuous miles of .ns rCsd vii Do, oe os,
Of action with the Department, in dePr'lng t-e Coh-
pspy Of the benefits OF the srant unai .sh SeAs
after the passage Of the law making the grant -,
" Ato that the certificate OF the Governor 70 t.e
completion on the accepted rouse OF any seSseh VI
twenty continuous miles Of the ssii rosd viii Dc Ie
oeiye cd and fled by the Department, ant enutis lae
Company 70 the benefits Of the gran. OF sod msls 70
the State for the construction Of said rosf.
The other decson refers 20 tne 81 Crox SUI Like
Superior Railroad from ST. CroI River or LIKE % tle
vest Of Lake Superior ard Bsyhsd. TIE decl-.on is
in this r.tspce that in the event of refusal o. ths
Governor Of the State 10 give certificate Recognizing
the route OF the rosd, tsere must De deAy tae en
ioy eDt by tire Company, OF ,he oenen's OF Hs gran
of lands made for the corstru ion OF sad roa1 SAD
ma, the General Government in corsideIaon OF sad
refussl and delsy IL 10, warranted in withholding ne
lsrds frCm market 70 await sn soJustment OF tae us
pute between the State aud Company. Inis IS espe-
cslly tie case when is reusmoe'ed thst OF
the State are urging the General Government 20 re-
oe 10 market tie snds reserved oy the grant for the
uses Of the road"
The Rochester Union ssys:
"The long suspense is ended a. sst, sad the d.
recors Of the Valley Road have decided 70 leave their
road IN the undsputed possession of the Buffalo Ene
snd NewYerk City Company FOR 81 Il ndehnite p'iiou
The for this conclusion are varoas me cnet
of which probably TO be found 10 the legal oostsces
which the opponents Of achange OF gsuge w uo oouo
less be able 10 nterpose Macy parties s.ood re.dy
with pjunciioIs, We have learned fom tnat sae VI
the question; ard these would have been served tne
moment the charge Of gauge was sttem o'ed. lnat a
sep would effect suspslfon Of the trans over ths
road and considering the facilities iji mlsclef wnl;h
our Courts eford a. now constituted Il Is not mproo-
able ,b.t the settling Of the rights OF psftes oy law
would consume several ytars. Meanwhile the oono-
holders would foreclose the road would bs soli, the
tock interest would be annhils ed, and the utimss
disposition of the road would be subject to thousand
contingencies.
"In view of these facts, it was perhaps wse on the
part Of the dire cton to terminate all negotiations with
The Genital Company, ard to give the broad.gauge
interest chance to sustain the road and to demon
trae TO our citizens that 10 the hands OF ButfA Alonans
the road vii be opersed 10 benefit the business IN
terests CT Rochester :"
The sem annual meeting Of the shareholders in the
Pittsburgh Fort Wayne and Chicsgo Railroad Com
p.ny will be held ct the rooms OF the Board OF Trade
plttsbursh, Pa, the let Of September at 2oclock
p. II. Repors Of the officer, and dire,to's Of the
opers,ons Of tie road for sx months, ending July l,
w.t., will be presented.
co,resporden in Iowa writes ss follows 10 regard
TO the new banking law of that Sts.e:
The Board Of Bank Commissioners met ana orgsu-
zed dsy at Iowa City, 10 take the rst step 10 the
establish hment of baI king system IN Iowa oeverai
Compsres have organized, it is said, with view 10
the con mercenent Of operations at various ocaites'
There be but little doubt tnst some OF tne eur
plus capital of the Esst will find It's wsy TO Iowa, Tor
investnent under the new baking laws iou VIII
observe by the proclamation, copy OF when send
you ths. the State bank system the avorite system
amor Tie people Of the S,ae, although II ,oanu 10
advocates among the bankers before its adoption ~
the Legislature. But FOR the apprehension that b2th
sy stems would be voted down, unless the friends oil
system united and gave their votes TOR ooth
the general banking law would have been voted
down We have a great msny Ohio, Indians and
Illinois people in this State. and they all prefer the
State Back system regarding II as successiu IN those
States.
The people Of Iowa are very anxious to see home
currercy They are sick Of Nebraska wild cats.
They have fsint hope thst some relief VIII be
secured by the establishment OF home currency.
We annex below circular giving the plsn which
has been adopted by the Dubuque and Pacific Road
for relieving themselves ftom tneir financial embar-
isssmebts 1t appears to be sc equitable way Of ar
ranging The debt Of the Company, and is no doub the
best terns which the Company are abe to present to
their creditors The crisis Of last year n.erfered with
and destroyed the negotiations for the sale of bonds,
which were going on very favoraby sud EFF the Com
pany with AL unfinished Iosd and load OF debt. The
p,n also contemplstes the p,ovdcg Of mss,s for fin
slrg the road to Cedar Fss at which point the Com
psnyy will be entitled to i6O SEQ acres OF land Tney
are already authorized to sell 23O 100 scres on the 10
| miles already completed. TIE Trustees, Msssrs
| Hewitt, Schuchardt, Walker and Raymond, are men
Of the highest character snd recommend the bond
holders to adopt this scheme.
| PA. TO BUILD THE DUBUQUE AID PACIFIC RAILROAD
| TO CEDAR FALLS, oSE HUNDRED MILES.
| THT NE,Ns.
SCI spsr, OF land which the Company will b. en-
titled M he fret leo miles Of Road h,m Dubuque 10 CEDAR
Fshsye the snds examined and appraised 81 average Of
which viii amo1t 20 %'e'oiOo
/ Thee ,houssnd and tw-nty-Oue tovn lots IN South
| Dubrque, Cedar Falls and in:.,neaae OWNS and .,
s6ioug a. 10 of-lV
| To,.I ....................st tS2s ie
1.,.1S ; G i amount in icnomin..i;lt Of IS 4io
,nd 40 receivable the Land Department on pre.en,
% S s se t ny . :psd s1f'
as e. s and pS5s f9 l & If s Sse5 ss%py s wi" o a
| to csIy sl(o Ct land scrip as atonus
To complete the read from its present terminus b Cedar Falls
price, detue.ng work now done ~ .,
t. bond. and floating ngdeb,............... lo5j'
sHit on ard sppisss Of iads ensnesr1 &C. iOoO
Lsue scrip sppori6ned present fu p. stock.. 9eoe
foI bss;i1g sndfeneins. '"
This he sncas, ncl; to c.i The C;mpaiy fdso srt
Dease, this from sndsciip . 1896
Lssyes surplus sof......................"... 2D,7o
psa can Be carried out sei3 vii supplement
10 5esd which convey the snd the fastes
in south Dubuque Cedar Falls: and in u. iaermeda.e
f9, 4S 500 acres Of and wbih H. compsay si b. eaited t
sci 10 quence building the hundred miles Of road
hA also b. bed By sai Trustees for the Je and eX
purpose carrying cut s ptn The Company +, nov en-
tilted 70 sell ~ ~ Il land in conseq OF the comPe
| ion o. the frs, forty Illes of road
The Tru.,ees .ha te.ne examine and apPrAse the easter
y etc Of s.d and and pu them az syersge pnce
mall deskns.e examine and sppase
rusuder 600 putting them also q;
s 3 Ard shell spprsise toe lots a. Of fe
each sad al and select @ lots Of l
ard frOm the the difefe towns aforesaid
I,,h. te the duty Of the Trustees 70 make two sn d,lar
lard siiP, e-nomnssoos aessid 70 represent %,
said 20 aud sgl ~ town ots wacn scrip ,ha a.
.xssuitd be disr gushe3 from the other scrip pro
yided by this plan. And hey .hL devote said mlou
collars Ct sid scrp much Thereof be nece.say