New-York daily tribune., 1858-11-22

week, the results are o. follows:
Increase In short loans.. fsslo
Increase IN specie, ttS.o
Increase in circulation. Hsp
Increase in deposits. ~
Increase in ais'an, balances i@ltss
Increase in deposits
Ihc Cincinnati Commercial has the following upon
a subject which has recently attracted some attention
here.
ExrRAoRDrSARY PREPAR.TIcNs FOR IHr FORE
CLOSURE OF THE MORTGAGES oS rHr MARIETTA
ASD CiscINSArI RoAD--AS ORG.NIzArioN foR THE
"WIsDING UP,' BY CosrRAoT, OF lssoL'Esr k.iL,
WAY CoxPASIEs IN AMERICt.-I viii b. remembered
n at we published some three weeks since, the rather
startling proposition of Mr.. Halett, then in Eu.
rope to take the job Of orecosing the first and second
mortgages ON the Marietta Road-amounting to four
and hall millions of doars-for the compensation OF
ten per cent or four hundred and tfy thousand dol.
lars We had ut the time, idea that the capitalists
of Europe would hear to the scheme of adveuturer
of the character imputed to the bidder for this novel
and ungraciOus contract.
But II appears that we have either overratcd the
good sense Of the European bondholders, or under
rated the strength of Mr. Haets organization for the
supply Of ready made railway gullotInes-or both.
That gentleman, for We must now suppose him to be
oDe seems disposed to utilize DE Quincy's theory OF
Murder considered as fine art, and publicly con-
esse- TO have become "enamored OF the ine expanse
of throat" which the troubles OF Western railroads
have uncovered.
We are Informed that powerful party, American,
we are ashamed to say, has been formed, supplied
with abundant capital and equipped with the machin-
cry of appliance supposed 10 be necessary to expe-
ote suits at law for the foreclosure of railway mort
cages end tnat the bOnoholders of the Marietta aud
Gu ciunati Company have accepted the services of
this Company or party, which has contractei TO
assume al the expenses and " troubles" Incidental
TO foreclosure and SALE for the of 900, to be
paid wbtn tie road 50 obtained is handed over
We learn furthermore, that the necessary author
izations papers, &C., have arrived in this country,
that proceedings are to be commenced Dy tns con-
stl wi
Stanberry and a son Of Judge Mclean, OF the United
States Supreme Court, are named as counsel already
retained assist in securing the objects named ID the
cortract Nr. EwIg's success IN the case or lhe
People Va. VIM. KissaDe and others, indicted for
col spiracy to burn the Martha Washington steamer
&c is cited in support Of the udcious investment Of
capital in this instance by Mr.. Halett, or whoever
repre- seDts the American contracting party.
Now as to tie clear right Of tae BondhoIders in the
.retta and Cincinnati, or any other non-interest
paying roac to demand the prompt futillment OF the
terms Of TIE mortgages upon which they advanced
their money there can be no question IL Is matter
Of simple Justice and We condemn allusion even 20
tho possibility Of causing such Judicial delays and legal
inconvenei ces should discourage the mortgages
from pursuing their remedies in the Courts. Ii III be-
comes us to forget the decorous and humble attitude
with which we stood on the threshold of every mon
eyed house il Europe while soliciting aid 10 nsh the
roads that have secured the rapid development OF
these States yet the eagerness with which we as
sured capitalists Ut the perfection VI our laws Tor the
collection Of bonest debts. We 10 not believe in the
applicability in this connection Of the legal maxim
''the law abbors forfeiture But we deprecate the
interference of nddemeD, who step between the cred
itor and debtor, making and widening distance be-
tween them, preventing adjustments, aud absorbing
an amount vastly greater than you'd suffice to procure
a peac. able transfer of the property involved-an
amount sufficient, in the present instance 70 put the
road effective condition, to pay Interest," on its bonds
ard TO Improve its permanent way. One would thlnk
the legal profe sson sufficient aid to parties invoking
the administration Of the laws
1t may be- and we fear 1t - the case that the denabt
attitude Of few Directors in this country toward the
reuresenatyes Of bondhoders, has alarmedh The latter
and contributed 10 belief in tine necessity for this ex-
traordiDary combination for the procurement oi fore
closure and sale. Whatever causes of complaint may
thus have existed III connection with tue Marietta
Company were certainly removed when Messrs
Gutter and Gates were elected 10 the management OF
that line Its admins'rato IL now a, honest as
economical the strongest evitenee OF the fath of
that administration in tie future oi the enterprise "a
tIe fsct tb.t its members have formed company for
the C. Instruction of road eight miles in length to con-
meet the preseut terminus at Scots Landing, with the
ParLersburg terminus Of the Baltimore and ONO
Road, and are engaged in grading the roadbed.
The Da.ly Wlsconsis of Milwaukee publishes the
following SCHEME got up by the Railroad interests in
Wisconsn the object OF which is to throw the burden
Of the farm, county and city mortgages to railroads
upon the State Treasury, through the lnstrunentaty
Of scheme Of assumption:
npun and adopted at & Convention OF the citizens
from The various sections Of the State, bed at the
Newhal House, IL Milwaukee, on the 10th day of No
yember 1873, tor the assumption by tne state oi ,ie
city, town county and farm mortgage bonds Issued I'D
aid Of Ra roads The Constitution to be amended 50
as to embrace the following provisions, TO wit:
f1st. That is.ue Of bonds not eAcsedios Foy9"o o
annually bonds b. rdeensble within thirty year,
second That said 'sae q oond. win CHsS s
Yors b. usdr the sole tss Of banking within TN. sae
Thyd TLst bonds b. exchanged gnde! The deeon
of tse overnor secr,tuy and Bank Controller of
tti. STATE, ior 'he farm orsase city own ana e9an nI
sat sud which han cave foe uesotiatee or hypoh
eeated pr.you. 10 the Let day Of Jay w. ~ On con-
par nor sester price be paid for The i.r city
icwL ana county bond, than iLry we're soi "i " % % %
fro m he time last interest paid OF hem res2sctyey
Feh All the bond. Of the state above described ua, :n.
mortsse within eighteen month. from the
sss y 81 c9sfs, .9ss.ss. ana %
FVh fhs Bank .h. Be =. a.ds and :HpTop' S u
s,zta The railroad shall be re. ssed from the pay
' nh n .,oci Issued therefor, .Ssll be e.ncrled
Ssrenh sinking fund shall b. l.ved on tae sIIa morfH
Of the said STATE bond. at u.stan,y. - ..r,,
Eigih Tks, the power be taken asay ifora %, 49,
and cities 10 borrow money except :" fsy 'he d
' s% a@s Tses .A. be no State ses beyond the millions
- FROM The Philadelphia Bun,;ia Of SATURDAY,, 80
MEETING oF TIE STocKHOLDLks OF fhh DE-"
PysSsYLyAsIA.-In accordance with puousush
card The sto, kbolders of the Bauk Of Penrsy'ss.s
Mt day at noon, at the Office Of the a-ssnee',
Walnut street, above Third. Mr.. George Horton sas
ca led 20 the caair and Mr.. Edwin MOTIFS epPo'si..
Secretary. The cal for the meeting was '"eH ''''
iolnws: -. 49,. ,.e,,..,.5
Tn. s,ocibcldep of.he Bank of Penney sIls t 1,,s
20 met al IL. oece ofihe bank il wsnu' 'f,e. eso
- no,nps Nov - al l2 ocl0ck Prees.1y 70 con
se.r ba, shs te .ak.p 90 con e -
Pre.sep, ~ the bank BY ,ns Dfs-,'etA''''1''' ~
suce particularly rela' ,i.s CRAVEN p,..;aep,r