New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-07-29
ne second week Of TIE Lake Erie md wabEsi


Nsxhirg important was elected but Il u not unlikely
st The beats of the Southern Michigan Rosd may be
nm. On the Like again between Dunkirk and Chicago
a head of The lake shore rosds, which have joined the
osrtral oombir alton under Canada direction.
TIE stockholders of the Bowery Bank ere requested
- present ct the Office Of the Re3siger No. L3 Bow
ssy, corner Of Brooms street, their crthcstes oil
stock or other evidences of ownership With view to
ascertain wbs may be entitled stockholders 10 PSF
,Aipste m any dividend hereafter .s be declared.
The extract from The Rochester Unioa. printed yes
tsrSsy in regsrd to the sale Of reirosd to Mr. Z. NJ
Peter, referred 10 the Capsndaigus and Jefferson
Read and not to the Niagara Fals and oHtaro hoaa'
Tie heading Of the extracted paragraph was aeci'
AertaIly omitted.
Msssrs. Hsggery & Co. will open the Dry Goods
aucsicp season next week. Joboers sno importers COM
phm of arsst dupess in trade, but generally anticipate
. ro>d business before the season lie over.
We noticed a few dsys ago the election Of Mr.. j.
Edgar Thomson of Philadelphia as President Of the
Fttsbuysh, Fort Wayne and Chicago Railroad Com
many in psce Of Mr. @. w. Csss, resigned. Mr.. Cas-
rendered his resignstion TO take effect on the ls Of
August. j. was accepted 70 take effect soon as Mr..
Thomson was prepared to assume his new duties,
which win DO during August, probsby. Mr.. Thomson
win then be at the head Of the longest existing railroad
Kze in operation. The Dsyvans Railroad, Of which
- 10 pOw President, and the PittsbuTgh Fort Wayne
and Chicago Railroad Of which he is President elect,
3ssether constitute SlS miles of railway extending on
AAe most direct practicable route from Philadelphia to
Chicago and have together cost near 20 oOO,OOO
While the organisation and financial affairs OF the two
companies WILL with the exception Of the Presidency
be O. heretofore distinct the inducement for the selec
tiop of Mr.. Tbornsor as hesd Of both roads were
ample, az well in hs own high character and expert
nc in
Pennsylvania Railroad Company is the largest
stoekbolder and bondhoder in the Pittsburgh,
Port Wayne and Chicago Road and its natural ally
4 NEST deeply interested in its success. Mr.. Thomson
ep,sred into the service of the Pennsylvania RAroad
Company ss i.s Chief Engineer the organization of
The engineer department Of that road in 1917, having
yrsviously established high reputation as Chief En-
xineer ara Superintendent Of the Georgia Railroad
The Pennsylvania Railroad was located and constructed
nsder his supervision. The character of the work to
be- SoDe esed for the highest order Of engineering ab-
ny. In February, 1852, Mr. Thomson was elected
Pretidert Of the Penny lvanis Railroad and has since
administered its affairs With eminent success. In thor
ough, practical knowledge of railroad affairs in every
department the fruit Of ong experience and in admin
issIstive ability, he has few equals nong rarosd men
IN this country and upon few men could 80 great
oe .os certainty thu. it will be borne with honor
10 himself and satisfaction TO the public and
10 the owners Of the properties concerned.
TIE wok Of construction OF the unfinished part Of tue
Pittsburgh Fort Wayne and Chicago Road wess Of
Plymouth is in rapid progress, and the grading and
iraeklsyipg far advanced to insure the opening
Of the road TO Chicago by the LIT November next AT
the same time that the line is opened from Chicago to
Pittsburgh it viii also, by arrangement with the Cleve
Md, Columbus and Ciscnns.i Railroad Company, bs
opened az through line without charge of care from
Chiesgo to Cleveland via Crestlne, $50 mles, over
uniform gauge, Of which 27s miles part Of the
Pittsburgh Fort Wayne and Chicago Road, and 20
miles part Of the Cleveland, Columbus and Cincinnati
Road. When the revival Of enterprise shall again set
the streams Of in motion, the Pittsbutga,
Fort Wayne aud Chicago Rosd will he in condition to
do ne ihare Of the traffic due 10 lis position.
There il stll fair demand for Treasury Notes, and
We hear of sses of 100000 100000 at rates previ
Ously quoted.
The steamer from Boston to day took only 81 900 in
specie. A moderate amount viii 60 by the Kangaroo
tomorrow.
The y cent loan Of the Safe Of Minnesota recently
Put upon this market was ssued for the current
psnsts Of the STATE and for the payment Of the small
inS b.edness already accrued. The act authorizing
sstshhshes sinking fund and special most the
interest These bonds for sale by Msssrs. Clark,
Dodge 4 Co. Tne following lie copy of the act
tAoiizpg the losn:
AN AcT TO authorize loan Of $4,000 TO dehsy the CaTent
Expenses OF the State.
srcrIcs that the GSvepor ard Te..Gre Of the Stats
Minnesota BE- AID they are hereby sa.sd to borrow at az
tss State ile sum Of rae Of interest not exceed
s cent Bss ,nh U gs s% a s ana m es S 5Ss
from the time on Which The same peso'stea which
iSsi.i * .rpisS sddion to wh.svsf mGSsy nay IN
~ Treasury 70 ne desy H Oh sas eoI.n.
day Of Deoembe A. D. 1857 aud for the Indebtedness OF
~ State .Sssdy .eGIsed 8, ,,,, g., IS ,A,.
upon Bonds With coupons a.shsd Issued
u sss which bond. shall specify the T.e Of nsTcs sni as
When the ginps an Interest sha Be se sad each bo0d
therein to ~ssn the sa@s .hail &c a.as payable
n, ~, ssII ss 81 tie se Sy S T pS
IA interest Of The loan provided for IN I'm. a.,
70 be held and retained sinking fund with which cancel
ihe bombs mentioned IN this act the ne the same shall ooc
sio S. The tax above M nsoped section Of this sh,
nys..s annual. h zee Isssae' Of TIE sIs OF Msas.os
ssnBs, Be cbsrea under u n ohe. sac Soks on
, sss s" .Ss A h. cs ow sS
s ,s Ca. Ss s Shh ';Ss1. .s, S Ss1 1S1
:h.n sv. and shall Thea d:P'sed q s9d the
see 70 the payment Of the esa spiSotises
Ssc. That ~hensver tie Interest tine sSoyeneu;ousa
ID the state aroo presentation bsnus hou % in the cY
Of New York tbs esGTcr shat eessss 81 the coupons or
SIC To Treasurer Of The STATE ia hereby sn.hor-d and
Is made his July 70 obtain bars lends VITA suitable ee' %
prevent osnfea ieiting and Of sch nAcs be may deem
Sc The credit Of the STATE hereby p.esei 20 bs pay.
set. the may become cus
Tss Cesring. House of Bosten has refased member
ship to the new Bank OF MGt.sl Redemption.
The goeds Of the Bay Sess Mills stil leit OF hand,
srs ordsreS BY the stock dts to be soli before Tie
25th Of Argst.