New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-12-14

PssIry..'..... is'S79 bush 67.gls bush
The first receipts of were upon the 10Th Of
October and 40 s2l bushels forwarded between
that date and the 3Oth of November. JAP bushels
Of oats were forwarded via Cairo to New-0Teans in
October and November.
During the three months ending Nov. 30, the gross
end in the period Of SS9ei u
an inc,.0,. 528s 81
equal to 32I y cent. This gain is upon the freight
traffic which has been chiefly local, and as compared
with the local freight traffic Of 1856 the largest Of any
year., exhibits gain of 30 = cent
The completion of the railway between Cairo and
New Orleans i, calculated upon largely increase the
traffic of the Illinois Central. OF the cotton crop
900 or T. 900 bales have already been sent north.
ward over this road. Upon the northern end Of the
line another great enterprise of hardly esimportance
il iunt completed. The Grand Trunk Railway Of Can
ada opened it's line from Detroit Port Sarnia the
olst Of November, and its bridge at Montreal is COM
pleted, and will shortly be opened for freight trains
This avenue following the natural outlet Of the North
ern Lakes has already become of great interest in the
Northwestern States. Chicago il practically
| near TO Boston as Baltimore or Richmond, aud will
successfully compete with thoss cities in supplying the
Boston market with -four and grain The circular adds;
"The result Of our traffic since the harvest leads to
the conclusion that the earnings OF the line Will show
for the coming twelve months, an increase OF one third
over those of the present year. Nothing but failure
of the croIs Will prevent this and, relying upon an
average harvest, the Directors estimate the gross
earnings for 1860 at 3 per cent beyond those Of the
R Pre- sd Sss5 sIpenc: Tor the year were 90
For ls5s,ley SIC estimated 8s........... $4,000 70
AlOwin, fol expenses and State tax fer ls6OSlsoOco
Leaves net income 1900
which will cover the interest upon the Construction
Mortgage debt of and per cent bonds. There are
now outstanding $l530 900, upon which the interest
charge IL $50. II ia probable that $500 900 will
be redeemed in the Land Department during 1850,
whicifwil further reduce the interest charge.
For the temporary relief of the shareholders, and
at the request of the London Committee the Directors
deferred through the present year, making calls upon
the stock and in lieu thereof issued short obligations,
az high rates of interest. The Directors being satisfied
that the time has now arrived to retire these obga-
tons with a view TO place the finances Of the COM
PAW ON permanent footing, have decided, with the
concurrence Of the London Committee, 10 make the
present call.
the shares presented BY the Board in May last offered
MANY advantages the shareholder, and was intended
10 reduce the liabilities Of the company 10 the Con-
struction bonds maturing in 1875. If, as the Drec-
tors hope this plan. which il manifestly for the
interest Of all parties shall be carried OUT they have
no hesitation in expressing the belief that the receipts
in the Land Department, which may be applied to
interest purposes or 10 dividends, WILL with the net
traffic place them at early day in position 10 pay
dividends annually upon the shares. They have,
therefore decided TO leave the privilege open until the
maturity Of the present call, after which the Board
will take into consideration the proPrety OF abrdglg
the privilege and be governed by the circumstances or
necessities Of the case.
I'm conclusion the Directors beg leave to recsptuate
.ome of the reasons which induce tsem to believe thai
the general affairs of the company were never In 30
.fs.f at 4
order and well provided with machinery; the admins
traiion Is conducted with singular economy By the
conf lson of the Mississippi Central, the Illinois Cen
lral Railroad is now an integral part OF the only direct
r.ilwsv line between the upper Mississippi and the
great lakes and the Gulf of hexico, furnishing great
highway for the interchange Of the cereals PROVISIONS
manufactures and lumber of the North, with the cot
ton sugar coffee and other productions Of the South
eru States and West Indies. New-0rleans is now via
the Illinois Central Railroad within So miles distance,
and ferty hours passage, from Chicago and oIt Tour
days disfant from New-York, Philadelphia, Boston,
and Montreal; and completion OF the road IN prog
ress from Cairo TO Mobile the latter city will be within
the distance The freight business Of our road II
the ninety days since commenced feeling the effects
of this the first fair harvest after two years OF unpre-
cedented distress in the agricultural regions OF the
West has attained greater proportions than in the cor
responding period Of 1856 when the crops We're aDur-
dant and the country inflated in wealth. and promises
10 be sufficient meet all the demands Tor interest
upon the bonded debt for the ensuing year ana YET
The greater proportion Of the land lying within twenty
miles from s lines is still uncutiyated and require
only the plow to prepare it fora crop, lhis land
must within very few years, be IN the hands OF the
husbAndman, and producing haryests wnlen wal TAX
the capacity OF the railway FOR its transportation
A correspondent Of TIE Albany Atlas and Aygu
states that the Supreme Court Of the Will District
has decided adversely TO the stockholders Of II
saeket,s Harbor Bank, whereby they not Only iose
stock, bu, are assessed, beside, to nearly tie whole
amount to pay its debit He says;
This bank was chartered in 1884 under the Safety
Fund law OF 1879 by which the various banks Of this
State were obliged 70 contribute ons-hsu Y esoi on