New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-01-21
ga So s8l5, 76s 20

Notwithstanding this Company has been leboring
under serious embarrassments, from inability to carry
their large floating debt it appears that the business
has been large We grafed to learn that the plan
adopted to relieve the Company from its difficulties by
a contribution of 10 y cent from the stockholders, pay
able in ten year income bonds and funding the floating
debt in the same manner-asO deferriDg the interest
upon the First and Second Mortage Bonds is likely to
be successful. The subscribers TO said plan-compris
ing the stockholders bondholders and creditors, are
coming up to the work with good degree Of prompt
ness. Mr.. Robert the interchangeable Chairman of the
Committee, is in daily attendance at the office of the
Company supervising the settlements now in progress
The nominations announced for officers and Directors
of the Company for the ensuing year give general sat
isfacion. The changes proposed are as follows For
President Christopher r. Robert esq, in place of Mr.
Mills who resumes his seat in The Board in place OF
Mr.. Warren, who declined reelection Messrs. e. X.
Robert, Charles II. Marshall, David Hoadey and
Robert L. Stuart nominated for Directors IN place
of Messrs. Roswell Sprague, Samuel WIllet, Thomas
McElrath and Howell l.. Williams. MIR. W. L. War
rem is renominaed for Treasurer and Mr. A. J. Olell
for Secretary.
The notes of the Hudson County Bank, of the de.
nomination Of s. aud upward, and the checks aud
drafts on that bank, are redeemed by the Merchants
Exchange Bank.
We have received the annexed card from Mr.. NJ. o.
Roberts. and give place with pleasure. We heard
yesterday the rumor alluded to by The Times, but had
10 confidence in the truth of it.
10 the Edi,o, Of The " T. Tribune.
| SIR: The Illness Money article of this morning
states that / have made an assignment. Will you
oblige me by having the rum0r contradcted. have
not made any assignment and have no p intention o'
United States Mail Steamshp Co., Neo' York jan ~ 1000
Mr.. NJ. NJ. Freeman, who has been pro TEN Pres
dent of the Mechanics Banking Association has been
elected permanent President.
deposit of slOO 900 for the Treasury noteswas
made to-day OF the SubTreasury. In the street small
amounts are selling at tai y cent discount. None OF
the Banks willing to receive large amounts on de-
post which will tend TO throw them into the broker
hands who will cell them at small discount to parties
having payments to make at the Custom-lIouse. Ihe
parties Who are now selling those who prefer taxing
payment of their claims upon Government IN those
notes. to waiting until the Secretary is in funds 10 pay
gold No one is forced to accept Treasury notes, but
IN most cases, if he don't, he gets nothing. AL the
Board to-day, leading bear offered slO,OOo oil the
notes at 9s seller sixty. As the contract bears SIX
cent interest while the notes only bear three this SAFE
is equal to %.
A Washington correspondent makes the annexed
statement in gard to the two bids which We have De-
fore alluded to:
The Secretary has had two offers from the
noneyed men Of New-York follows: First 10 tax
the whole loan at y cent and 65-GOths, when "ouu
be cent day, or SlOD, the notes having Out on'
yenr TO run.
:. The second offer was a. follows:
4" Six millions Of dollars TO be paid Tor as i9lio"
and the money to be deposited IN the New. ioIa
Treasury next, with one million at I'm I'M
interest," one million at cent intcrest; one nlion
at y cent interest: million at = cehi r,
ard two millions OF dollars bearing no interest. LUG
coin to 10 deposited hr the full amount al once
The Cotton Circular Of Mr.. Wright per inc S'eaAe''
gi, es the following statistics:
Csor-The estimates generally below JUL" ~, a.. .,s
South and the aivcs received during the pa si
the subject than previous h - 20 oo !.
no.ice hov ever that faith in crop oil les - cn,, =.
uprd almost entirely upon the deficiency IN the receipts
ctqnp-red with the last In this city thle
'ion sdop. reduced esmate, and ~ he ouinon
5.lCo.Vo bale be considered fair SAn''iu " 80
here on the subject. - rsx, week ,hev
still less The deficit compared WI "a ga ~.
52 bales; next VIII ~ M .arb
bales Bad roads In the South yent some a.
in. their crops ard sTidly a. they M tb,n
o,her cause with the ertst OF cotton \, -
good why cotton Ia September IA The
Isl 10 only bring &C. IN Decsue ~ the S.yor.hs
holding r.icy 40 far been sstu os 4.
change in the Liverpool market and wi 10 yr-S. in All the
os some time The advance Of the past Two - .s.a,
markets Of this country viii no doud 'eso 7" NV ''r
Fxpos are NOR liberal during the vees ana osA ~
Greet Britain thsy Will b. large though prtAps no, ~
-, year. X: aow sDe.ina upVs ~ aN'