The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-07-04

Railways. Closing Prices. Sales
Illinois Central per cent 1879. 20 to Is
Do, per cent, ,1S75.......... ~ = 76 IS
Do, do Freeland, lSG0... S5-S7 Sc 5H
Do, 800 shares $50 paid .... IL - 80 dis 10 3gb
Michigan Central LIST mort con S
percent lebO.. SO-S
Do, 1863. SO-S5
DO, Sinking fund.- do, 1882. sos
DO, 500 shares. ............... 40-i5
Michigan s. & y. Indiana per
Sinking fund.- ls83........... 5s-Go
DO. 500 shares. ................ 10-l5
New York Central, per
tsinkng fund) lSS3............ SOS
DO per cent. con, l86i...... 9O-g5
Do, per cent. fsinking fund)
$50. .......-.... e. 80 80
New York and Erie Sd mort
per cent lSS3................. 80 -55
Pennsylvania Central Bonds, Ist
mort con, per cent.......... SEQ
Do, ID mort, e per cent, ster
ling NEUTRALITY-SUSPICIOUS., ~ 81
Philadelphia and Reading Bonds
6per cent 1863 ................ SOS
DO no.' 8 20 per cent cent lS7o'...''..... 5o-a5
/ From fhe Cincisn9fi Commercial June 3ol
MARIETTA AND CINCINNATI coMPANy-NEw ARRANGE
MsNTs FOR THE FORECLOSURE FIRST AND
MORTGAGES.
We learn upon what may be considered liable author
ity that Mr. Samuel f. Hallett and exPresident Mard
Fillmore have been left of the arrangement that
has been perfected in Europe for the foreclosure Of the
first and second mortgages of this road
The new arrangement bears strong family resem-
blance to the original undertaking that must be admit
ted Mr. Samuel Haiett is entitled to all the credit of the
origination of the scheme.
j. T. Jackson Esq of this city connected with the
prosecution of the suit already undertaken by bill
in the Ross county court in the State courts and urges
upon the Cincinnati bondhoders acquiescence i'll the
scheme agreed upon in London and signed by foreign
holders. of $2OooOOO Of first mortgage, and about
Sl9O0000 second mortgage bonds, (the first mortgage
covering $25O0O00, and the second $20O0000) is as fol
lows:
They appoint EbeneZer Waugh Fernie ESQ of London
their agent and attorney in fact possession of the
Marietta and Cincinnati Raroad amicaby, if it he
done; ifnot to obtain foreclosure Of the mortgages
L. authorized purchase under
the mortgages and to bid in his discretion there
for which shall be equal eighty per for the First
Mortgage and seventy cent for the Second Mortgage
bonds Should any one bid beyond this, to let the
same but to make the purchase at the lowest possible
After the purchase is made he e said Fernie is to
hold and opearte the road in trust the and
benefit of the parties signing the agreement, the mod
fled one hereinafter mentioned.
The terms Of the agreement signed by the foreign
holders contemplate that the purchase of
the road by Mr.. Ferne the same shall be held by him
the and benefit FIRST and second mortgage
holders equally without proritythe at So the 9th
e at 20 on the par This seems TO have been assenred to
by the first mortgage holders because they likewise
holders Of second mortgages in about equal amounts
The be signed by the American holders
is the that signed by the foreign with this mpor
tant modification that after the road shall have been
bought in by Mr. Fene, the priority Of the first mortgage
holders is continued and retained now until they
paid and satisfied at the rate OF so.
Mr. Fene undertakes to act under the power pay all
expenses including counsel fees and all other
charges and 10 the bondhoders harmless therefom
he to receive in lieu of all other compensation commits
sion of ten per cent the realized by the purchase
of the road His pay to be received in kind-tha is to
saw the same that the creditors shall receive
The right is reserved the part of American holders
appoint fit persons with Mr. Fernie as
an advisory committee, representing their interests.
The American holders requested to call and
inc the contract and sign the modified agreement now
in the hands of p Jackson ESQ., before the first
day of July next and to deposte with them the bonds
they hold.
dent of the Marietta and Cincinnati Company favOrs the
new scheme, of which Mr. Fernie is the representative