New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-04-30
GySrR,L RANK OF SWITZERLAND,

LONDON AGENCY, April 10, lS93.b
Referring 10 The MorHipg S,dr, which we address
To Won We beg to add tha, payments which had been
suspended at Paris branch on the evening OF I'm.
dsv last have pee resumed on Tuesday morning. aud
everything is going on as usual Our Central house
n Geneva, a. we'll a. the London Agency, have not
in the slightest degree been affected BY the events
YouT. &c, tSisDed) r YRElLlGRATH, Manager
We see from The London Morning Star that the
difficulties Of the Paris branch of the General Bank
Of Switzerland were chiefly brought about by the
large advances made 70 Italian and other railways,
which had injurousy been affected by the aspect O.
political affairs.
Mr.. President Hoadey Of the Panama Road has
received leave of absence for six months. He will
make visit to Europe partly for the purpose of re-
storing his health, injured by devotion 70 the duties
of his Office and partly business pertaining to the
prosperity of the Company
til. now almost certain, says The Detroit Tribune,
that the boats Of both the Central and Southern lines
will lie idle this season. II suitable boats can be
chartered they will be placed by private enterprise
on the route between this city and Buffalo.
The Chicago Democrat Of the 9th thus reviews
the condition Of affairs IN the West as shown by the
great fall in railway shares
MANY persons are casting about them for reasons for
this yeiy sudden depression. Some lay II TO the threat
ened ar in Europe Others 10 the competition of nvI
roads and Others to general depression IN business
Some few speak Of the want Of produce IN the West to
90 forward This think Is the great cause OF the
falling IF in the earnings of the roads, and consequently
of the depression in their stocks, although the Others
| NAV also incidentally affect them. -
The West is at present poor-eXtremely poor. We
have little nothing comparatively 10 send forward
| to- aud next to nothing 10 get FROM, the East. we
might mn in debt and create for tine an artificial
prosperity, but in the end we would only make matters
worse. =, ~.
I, i better for all parties-Eastern well a. West
l L. -. 4, j s,Ar gilf- at
retrenchmeut and economy. The more faithfully and
honestly we do So the better il will be for ourselves IN
the end and the far betterfor our Eastern friends
Some say the roads should not take freight at ow
rates: but this is all nonsense. They are obliged 10
| do so. There are so many competing lines OF road
now that monopoly Is not possible, or II possible, II
| is so only in times of great commercial property
Railroads. like everything else, even to the s6oIef
himself are governed by the laws of supply and de-,
mapd ard the strong ones will work for nothing and
| keep themselves, with the hope that in short time
they will be able 20 Kill off the weak ones. Not until
this accomplished will the prices of transportation be
| put up again.
The Railroad Directors who the soonest make up
their minds to the fact, that they can expect no perna
nent relief until We have better crops in the West and
who act upon the belief by ecOnomizng their expenses
as much "a possible will the restore the credit
| of the corporation which they manage. The Vha!ty
of the West consists in its power of production. AZ
long as this is at low ebb the whole commercial body
suffers and no quack doctoring of any kind will re-
store the lost equilibrium. What food Is to starving
man. good crops TO the country, especially that
countrywhich depends almost altogether upon its
| ricutural resources.
Economy, then, is the true principle in commerce
nowadays as indeed it is in politics. We are suffer
isg on all sides, politically as well as commercially,
from system of reckless expenditure and the sooner
We realizing sense OF the fact, the better II
| will be for ourselves.
The United States Commission, consisting OF Capt.
| W. Franklin, Capt. q. q. Mead, Capt. Humphrey and
| Capt G. II Scott of the L. S. A. service, appointed
by the Secretary Of War to proceed to examine the
position and condition of the Rock Island Railroad
BRIDGE with reference to its effect upon the naviga-
ton of the Mississippi River, arrived at Davenport
on the 2lst inst and were to proceed immediately TO
| the discharge Of the duties of their appointment.
The Clinton Io,s) Herald states that from 80 to 90
men are now employed on the construction Of the
railroad bridge at that place, and the work is going
on favorsbly. The bridge is from the Little Rock
Island to the eastern shore of the Mississippi about
| so miles above Davenport.
The Philadelphia North american of yesterday
contained some particulars Of the through business OF
the four trunk lines which bear special interest in
the present stage Of the railroad controversy. The
tunnage of these lines in 1857 and 1888 as regards
this department Of their transportation, Was a. fo-
lows: