New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-11-25

THR PENNSYLVANIA BAAk-hORkis CANAL COh
PASY-OUR RnLKoADs-ASOfHER AARAEI
FALACE-THE RISE IN COAL-oUR STEAM
uNR.
R-sz OR O~a cOrTsspoaseDt
PHILADELPHIA, Nov. 81, 1859.
The Pennsylvania Bank, though really dead two
yesru age, seems stil TO be kicking. The yultGres
al the law surround the carcass, and arc seeking to
s..ree theraselTes from the small amount Of vitSls
fAat remain. The State DOW puts in a claim for
uupaS taxes on dividends, and insists on its taking
srees5snee Of I'll other demands. Then that ESQ 600
s.srs;ne BIN Of exchange Endorsed By the Bank, and
pcw susS out BY the English holders, is resisted By
TIC sssgnees, Who say that DOshOldeFs must b rst
paid. Ii this defense should avail, it VIII let ID
nEsther set Of eredGOrs the city banks, for their
xkole claim on the remaining funds, 10 the preja
dee of the uoieho.aers and Others making ErOss
demand Of some =, 10000. Altogether if Is .
most eomprI state Of aAiTs, IN which three OF four
sro Of lawyers are engaged. Meantime the note
holders are nd getting sEy richer, the notes having
rev suSk to - ceuts on lhe eqvsr The gTsaitc
hs.5ee On Chestnut street bow hears the lettering
. Phladel,hsa BaAk, N place Of kennsy van!s y
A to the poor plu1dered stockholders, Trey may
ttink Of aud syn.PstAize With eeeA Other, Dol he
sorid has forgotten them and their !csses-
The ssoekAsl1ers Of LAe A81Tis Canal Company
wn apply 70 The Bext Legislature Of Nes-Jersey Tor
assbpsemsrt to The charter. authorizing them 70
eject he whole Board OF directors annually. IL
sosms that now the twea.y -threc Directors ara dsi
ted into I've elasses class oeing elected annual
n 20 that Il rcqUips time years ~ change TIE
E.ApasemsHt By the infGsson OF new melnbers- The
novtn s<ns 10 eject Lis change originates here,
xhere The majority Of the preferred ard common
stock "a held. When the Sev-Y Workers unlOsaed The
lAtfer, acme years ago our citizens fell heir % i,
and thry held Il ycs; bat for years pa.t they have
reserved oDly one dividend Of "a per cent They
sake ground that TIE canal has BEEN doing a good
Business ami il able to pay them ul dividends and
that bao management or something else, alone pro
veats them from getting what they are entitled TO-
Great oaense, moreover has been taken By TIE re-
erut rasiug OF the salaries Of the tao principal OH
GERS Of the Company from 1900 to 81, UU0 eaes.
While dividends have BEEN 80 lonS Withheld. Thss
movement 1m0cg st0ckkolders viii be very unsni-
uoas. They NH also Ask To have the nnraber OF
Direetors induced frOm - 10 IL
Al the Ereaf railruads having their ternini herr
have done better business and increased their in
Gene over last year. Even Reading hss done gate
rs web a. was expected. and really POSSESSES more
intrinsic vsloe than Is pOpslsriy AWARDED 70 IT, Bat
The besrs hAng rsised TIE oEy of Insd cog tie Eo-
patstion stu chEgst0 dissstTo1sly. Few roads
are building N Pennsylvania nov. The Sanitary
and EIie y tbs ea9 great weTk IN progress. bat
Is really great one extending 20 miles from San
bnry 10 EIse. Trains run over FaOrp than hali
fh- TRACK. 10 q few weeks al bot q niles win b,
6r;shed. and these vii Be oomplete5 b. yaly next.
Apthe iron il OF Pennsylvania prUdnctoa Pas
servTTs viii 20 through from Philadelphia 10 Eris
sasout charge of cars This rcsd Is bah from
shs proceeAs of tie sale Of the State Csnsls, and