New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-03-05
Total 8nos. 81 ss2 1872 II sO5Osis % s22lsi77s 80
The resolutions adopted by the Erie managers, to


which we alluded yesterday, are as follows:
Re,ored That and se this date all subscriptions 10 the
Fouth Mortgage Bonds stsl be payable one half IN unsecured
past CoupOn, ard hsf in cash doe
oepsDoss Company; and that subscription shall
be entitled 70 the privilege 70 The Fh Mo,'.s,e Bona
up the t of January 1851 tee unsecured Bonds
be funded in the Filth Mortgage Bonds Of this Company
We hear complaints OF the suddenness Of this step
from parties who have bought overdue coupons, and
unsecured bonds on the faith of the Companys propo
stioD for conversion into the fourth mortgage There
was certainly tcsnt courtesy to say nothing Of equity
in not giving at least twenty four hoors notice Of the
change. Under the arrangement the overdue
coupons are quoted at about so cent discount. The
object Of the resolution is evidently to force the sale Of
the Fourth Mortgage bonds and repeDsh the treasury
Of II e Company. This may be the result, bat
not see the profit TO holder of overdue coupons to
give 500 Of these coupons and $500 in CASH for 600
bond which will sell but for 5000 cash, when he has
obtained it.
The adjournment of Congress without the passing Of
rev Loan bill, gave great buoysncy to the 5s Of
1874 which advanced to 1884, and in dem and at
that 1t is stated that the Secretary has also been
authorized to issue registered instead of coupon bonds
when required, which will give the bonds more cur
rorcy London where coupon bonds are not in favor
At the last dates the y cents wanted in London
at a. which is equal to 1899 here. 1t s believed the
registered bonds will bring al lesst y cent more.
The arrangement by which the s3OOO,OOO taken by
Messrs Sweeney Rittenhouse Co., are placed ont o.
the market for = to twelve mOnths-a considerable
potion of them absoad-has also had good effect 10
relieving the fears of those who anticipated that this
amount must be thrown upon the market. 1t is con-
fderty anticipated by leading moried men, that these
y cents during March, will be in demand for invest
ment OF l04i to l05.
The business of the Clearing House to-day was
sol SO 600. We hear of $6jO,00O in specie engaged
for the Fulton, of which $500 600 is shipped by the
agent of the Rothschlds. The supply of money is
quite abundant to-day, and street loans have been
made on call as low y cent. The current rate,
however, is eth y cent. First class psper is sac
y cent, and very scarce.
TIE Necark DAILY Advertiser of yesterday ssys
II is currently rumored that the NewJersey Railroad
Company has made a proposition to the Morris and
Essex Railroad Company TO take a lease OF the latter
road for q term from seven to ten years-ths New
Jersey Company, in consideration, guaranteeing to
pay all expenses o. the road, the interest on the
bonds &c.. and cent dividends to the stockholders
IL is stated that Committee from the Board OF Di
reCtoIs of each Company have agreed upon the pre-
hmnaries which will be submitted the annual meet
ings OF the stockholders Of each Company June next
RFpo arm yoR Ypy YRIR