New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-04-20
CREscEsr OFFICE, No. 10 Camp sfrest,
Tuexdax Ru. ming lnxiI Ia iSEf

only applying to good drawees, and good margin |
In francs there were sales of 800 O00part on Havre
part on Paris at 5.l33-extreme rates ruling from
517A@5l23. Short sight higher.
In Stocks to-day there were sales Of loo shares
Levee Steam Cotton Press at 10l, dividend on; AZ
shares Union Bank at l044 1870 shares same at 1924
net 100 shares Mechanics and Traders new stock
on P. T.. 1873 shares Union Bank on PIT. rs shares
Canal Bank at 135, and some Citizens Bank at 222A
an advance. At auction there sold IS $50 Scrip
Of the Crescent Mutual Insurance of 1857 at 94@95
$3.50 Home of 1856 at 800; 81 900 of 1857 at s19
81 1850 Of the Sun of 1856 at s651s9 81 3O of 1857
at n, and $3.50 of 1858 at 7l4. The recent fires
have had no effect on the general scrip market.
There is considerable movement in real estate
Vacant lots in the Fourth District are bringing good
prices, and they in other districts. There are
more dwelling houses now in course of erection and
under contract to be erected than we have known for
some time. All looks well for the future. Our cit
are not alarmed by fire and water, as croakers
would endeavor to make the world believe.
Improved real estate also commands good prices,
and that located in central parts commands the most
enormous prices particularly good and well built
stores In other parts Of the city there have been sew
eral sales of dwelling houses by all the auctoneers-
Walton, Vignie, Neville & Co., Palfrey Il Co., Kendig
and Others From Kendigs book we have the follow
ing sales on Saturday last: Twostory frame dwell
ing house Apollo street, between Terpsichore and
Mepomene, at s. ,l50; two three-story brick dwell
ings on Caiope between Camp and Magazine Streets
at S. 500 each two twostory brick houses Delord
between Camp and Magazine streets, at $3.50. All
these properties command good rentals. Unimproved
property generally is in request, and observe that
much recently sold from the McDonogh estate is being
improved
We published in last the conditions of the set
Element with the London creditors of the jackson
Railroad. The letter below from the agent of the
Company will show that these conditions were &C.
copied. But the inquiry is put, is not the floating
debt of the Company virtually paid excepting $780,,
900 by the transfer of the $50 first mortgage bonds of
the Company to Messrs. Schroeder & Co., and the
transfer of 34s first bonds to Messrs Peabody Co.
| Now, question arises is the floating debt of the
Company cancelled by the payment to these parties
of those bonds to the amount due them If SO, why
is it they claim to be specially represented in the
Board of Directors by designating Director The
floating debt the first of January last was $780,
600. Suppose this is lqnidated, on what grounds
can Messrs Schroeder & Co. and Messrs. Peabody &
Co. claim to be represented in the general arrange
ment of the Company unless there is to be perpe-
| tua floating debt?
| LONDON, 22d September 1858.
Messrs. J. H. Schroeder Co. Laden Hall st. London:
GENTLEMEN-Your favor of present date is before
| me- wherein you state that in conformity with the
verbal agreement already existing between u.s. you
willing to receive in payment of the debt due you
| by the New Orleans, jackson and Great Northern
Railroad Company, the first mortgage bonds of the
Company, to an amount equal to your debt and in
cents on the dollar. Coupling with your acceptance,
however, the conditions that H. W. Schwartz, ESQ.,,
of New Orleans, shall be, as soon as practicable,
elected appointed one of the Directors of the said
and further, that the Company will rigidy adhere to
the faithful carrying out Of two certain resolutions
passed by their Board of Directors the 10th April
and l4th of May last, whereas. they pledge them
road north of Canton till the floating debt of the
Company is paid, or which shall in any manner in
tertere with the earnings of the road.
now beg, as the agent and attorney in fact of the
New Orleans, jackson and Great Northern Railroad
Company to state for and in behalf of those whom
represent that accede to the reasonable conditions
you have named, and shall use every exertion in my
power to the same faithfully carried out in letter
and spirit.
Your account, as received, I accept, showing a
balance due by the Company to you on the 3lst of
December next-eXchange, 81 fsct., to be 1897 1902
81. This shall pay by transfer to you at once Of
four hundred and fifty Of the first mortgage bonds Of
the Company, which at the price agreed upon, will
yield 1897 800 the balance 1902 81, will settle by
my draft in favor of yourselves the proper Office
of the Company, payable in New Orleans In bring
ing this matter to a satisfactory conclusion, must
beg to return you my thanks for the liberal and
friendly disposition you have shown all through
since our first interview, and hoping and believing
as do that the settlement will eventually prove a
benefcent one to you, | beg to remain,
Very respectfully, your obedient servant,
| [Signedl j. KISGsBuRy ELGEE,
Agent and Attorney in fact of the N o., j. & G. N
Railroad Company.
A new knk has been discovered in the stock mar
ket. We may emphatically say that "Mr. Thompson
has come again; yea, the veritabe Monsieur Tonsor
has come again."
Here is the announcement in the form of com
munication from responsible source:
New ORLEANS, April 10, 1859.
have sold the following lots of Southern Pacific
Railroad Stock this day
ia shares 90 f9 share.
$40 shares at $50. ! 70 q snare
500 shares at i III rs snare
Very respectfully, etc.
We heard some days since that this road had beer
relieved of the suits against it, and compromise
effected From the above notice, it will be observed
there is vitality in it in the opinion of stocl
dealers. In the meantime, we only say, if il
goes through to the Pacific, the Bulls can roar.
| Rebifu Of the M(arkfts.