New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-06-24
l.. yer be recovered:

I
ceiyed the firi number of "iIewits Encyclopedias of
American Bank Noie Currency" When completed,
The work will contain fac siInile, in miniature, OF
every genuine bank-noe issued in the United States
and Canada phoio-lhogr-pt ed from the notes them
selves and each containing etter-pres4 description
or its back of any pecuharty Of tintg, &c., OF the
note. The vhol will be alphabetically arranged by
States. ano the principal cities, for conveuien, and
rea6y reference This will be a valusbe work by
which TO detect not.s that have been sltered in their
| d.nnu,inational value or from the issues of ex-
| ploded and broken banks. The publishers are
| Wilism Cousspd e. Co., Duncan Sher-
mans bull tug corner Of Nassau and Pine streets.
| The Milwaukee and Mississippi Railroad Company
have col Guided Ia Issue their 81 mortgage y cent
bonds at par in exchange r the present floating In
debt.doers including their issue Of Sis 5000 y cent
bono. uhich matured in April lat. But IN. Company
have deemed 1t it expedient, view Of the present
dull stat. Of business at the West, 10 require their
err dors 10 surrepd.r two years s-upoos or Interest
ON these Sd mort gage bondr-'bat H. the bO0ds will
mo-, commerce. To draw interest until March d. io6l
The residue Of such Sd mortgage bonds IS to be ap-
prd Ia III. liquidation and pay nent of their l'-ue OF
s3l, go City vf Mlssukee III e cent bonds, and OF
some $3.50, 600 Of Farm mortgage bonds, and viii give
10 the hold. Of these aforementioned securities about
CO 2 cent Of heir par value
We tav- frequent h.d occasion lately, IN our no.
tees If tie stock marx 10 ta'e thai the commission
houses at tie Board comp aln-d the dultess 81 bu'
| sibess. This s not surprising, wnen We look az the
| experience Of tie last year or two. lt cannot be
denied that the result Of the past years bn'lne's on
fe- If ,he promnsrt Western railroads has been very
dcouraping to shareholders, and presents but little
| [. mptati, n To investpg at the present COM
| paralvely low prices. The Michigan Central
| formerly a favore stock with the solid men
of Boston, earned only 81 $50 during the year
4 over expeiss int. rest debt, &c Inc Men
| igan Southern shows q still more Flemish state-
ment, the result Of the years business being only
81 go not charging the interest on TIE unsettled
floating deb. The actual deficiency is probably
n, arl, SIS co. The Rock Isanr, after payment of
interest, rent Of Bureau Valley Road &c. sho~, but
a email surplus. The Cleveland ald Toledo, sc;ord'
irg to the last statement earned but $6Uo, net, fof
the year. the Galeba which earned last year about
cent H. according to the business oi the current
sx months. earpir AT the rate Ut about q cent this
YEAR Tits stock has paid a. much ~ y oivi-
d. nds in year and the r. ok II aud ia addition To 10
y e.rt p annum, pad one occasion
! al ezra cividerd Of 10 y cent. Cleveland
and Toledo p,d dividends for while by borrow NJ,
|
floating tob by selrg its cent bonds at 80 cents
| on the dollar. TIE Michigan southern went on max
ing dividends for years sustained by fallacious
pro,peIy throwing ont its us,s branches in svery
DIR, elton until its crisis came, and left It struggling IN
| bankruptcy with a floating debt of TWO AMI a half
| Millions The Michigan Central, until within a year
| OF two paid E cent divdends yet last year It was
| forced to renew maturing bonded debt by selling
b cent new bonds at IS y cent, and under present
| reduced tfafiic is worked entirely for the benefit
| OF TIE bordhodsrs. 1t Is hot .t all surprising
that with such results thes- to say nothing OF La
| Crosse, Milwaukee and Mississippi Wab.-h Valley,
| Cbicsgo aud Mississippi; Ohio and Mississippi T-rre
| Haute and Alton, Madison aad IndiapaOptIs OHIO
| Central, Covipgton aud L. xingtou, MARKETS. and
Cincinnati Chicago and Fond du Lac Ere, &C., the
pablo should be shy Of railroad Securities should
r,solut-ly RESIST the temptation Of even low prices
| ard should leave the Commission Houses OF the
| BoaId to complain that they get no orders. The
! amount t Eastern capital ruGk in these uniortu-
ldte enterprses is enormous, and the losses have
| been 70 recent that the victims can scarcely
| be Induced 10 repeat toe experiment, until
| I'D entire and established change t4kes place ia the
cor don Of tue traffic VI the roads. Tns' this change
wi, come sooner later there is no doubt, aud some
Of these roads will be enabled 10 the payment
Of dividends bu' few if any Of them will for years
reach again the great earning OF 1856 AMI 1857. The
traffic bss been cue up by competing roads, and ooe
grea, source Of revenue the transportation Of rail-
ruad atersl and the movement consequent upon the
construction OF railroads. has been almost entirely
cot IF. The Miners Journal sa,s:
Since the announcement Of the Increase of tolls on
tie railroad and caDa the business men O ScnuyaIu
| County determined 10 secure al outlet ~ New
| York Oireet # possible. number of parsons met
committee c"bIecred with the Auburn AMI Allentown
Rarvao IL New York last week anu they proposed 10
push the roan through rapidly poss provided
the sum Of $50 CO il subscribed in and by n
terssteo Sehuylki County for the purchase of iron
--a!d amount TO be taken in stock bombs II any
bond- .nvul1 be i-,u-d. The Company prefer build
iLg tie whole road with stock only, If II D. Sc
| cured, and s-uo 10 bonjs About SiJ0,DUO have
| alreacy been expended, $SH Oo ready, and The
bslsree and above $50 600 for the purchase
vi the iron, wlhbe forthcoming the $jI 400
| issubseribed. No money will be required Until tue
| roadway Is graceG."
The Bank Of New-York will pay the iuteres. due
july the State debt OF Virginia.
The Ner- Orleans P.eGynae st,tes that the Louis
lana stockholders of the Tehuantepec Company hav,
voted for the call Of al additional 10 y eeot on their
subscription, WITH the vie~ OF enabling the Company
to carry out rs mail contract, and perfec:ing
other arrangements will secure the success Of thu
! enterprise.
Tie Chicago Pres aad Tribune, under data Of Mon
dsy -ven z-t thus notices the exchange add money
me- k-t Of thu. city:
Exchange oon,anues elose and from present appear
rhoulj be surprised ~ 90 above 2,
y cert premium the present exorbit Int rate. With
the comparatively small amount Of produce going fJr.
ward, aud the fact that the supply drawn a.
mot 10 nothing, Is feared that the steaiy though
limited, demand viii not be met without resortng TO