The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-01-09

purpose pern0p6 OF projecting Inc interests fOfe9u
bondhoders, become guarantees for the concern, In
conjunction with exPresident Of the Uhise States
Of truth lead to strange partnerships but surely
the American government should pay its ministers su-
cent TO prevent them from getting into such very 9ues
tionable company.
Nevertheless, with such an imposing array OF great
names and managerial talent, the Marietta and Cincinnati
Railway will doubt Immediately Offer itself 70 tho
loving embraces of bondhoders and without delay pro-
ceed SO far 70 increase its 70 make the secur
ties pay handsome per centagc.
The great sx feet gauge) Atlantic and Great Western
NEUTRALITY-SUSPICIOUS. Grand Trunk-hRs been well and
shrewdy managed this side Of the channel-arrange-
ments having as we hear been already completed for all
their iron, much OF which has been already forwarded
as WELL also, as for certain amount Of cashsufcient Il
is supposed, for opening the line. Whence this money
comes, however, is somewhat Of mystery because
of the great London financial houses have any connexon
herewith In this instance, the parties advancing tho
loan have exercised wary prudence by sending out
competent agent 10 examine the probabilities Of success,
ana the truth OF the representations made By the proec
tors and managers; nor have they advanced their capital
without being well satisfied both these FONTS We
incline 10 think, however, that the establishment of this
line will produce such cashng of railroad interests as
not only 10 make this line vaueiess itself both To SNARE
holders and credors but also inure very seriously
many Of the leading lines from ST. Louis to the Atlantic
not render them utterly vaueess Moreover this rs-
way completed very few years will eiapse ere there
will be heavy complaints this side the Atlantic OF the
~ e o several important american nessuch
antc and Great Western the Pennsylvania Central the
Baltimore and Ohio the Marietta and Cincinnati the Pitts
burg and Chicago, with several Others all OF whom will,
by the opening of the Atlantic and Great Western, be
voved in bitter inernecne Let hope, how
there is abundance Of trade for a they will settle
their euds by compromise instead ofopen and destructive
war.
The Mobile and Ohio Railway Company have secured e
is said all their iron-certan parties England having
become such large creditors that they had to take secur
ties for the old debeven then very large and In order
make those securities vauable obliged 10 furnish
the iron wanted by the company on its terms-that
s, q long day and pay ment in bonds at last
The Mississippi Central Railway which forms, a. Il
the great backbone Of the reputation States has
also, report speaks truth, been supplied with iron
the parties supplying boldly declared that they never
have aided and never will aid enterprise ON
om wSa
line, would be yalueess) s so great that they
forced to % break ths. resolution BY aiding this
pany The same parties also, hear, large hold
of old Mississippi bonds with reference 70 the lat
ter there are strong hopes Of satisfactory arrangement
AT all events the State has ground for complaint; aad
as her creditors have far willingly lent their Aid To-
wards the development Of s resources the can
do in return s to give lining to the pockets Of sso
very liberal gentlemen Far probably, however,
the securities Of these undertakings will find their in
due the hands Of the speculative Mr. Bull; for
they WILL unQrestionabIy, be announced connection
with great names and John looks Alone and
never to securities he will be sure TO buy them up and
90 the money will into the Golfers Of the r0nmasterg
and bankers at very heavy price for iron, and high
Of interest for credit commission &C. Now John
first hand and fair before they have been sfted
and cut about by iron masters bankers brokers' agents.
&c, in which case the securities would In nearly nine
cases out of hundred be good investments and pay
largely.
mol long ago the state OF Florida (clasSed by
among the repudiatng states) was through one Of the
American railway companies, in the English market
asking for comparatively small railway loan and Offer
ing actual securysuch as has before offered
here, and in every point Of view unqueetionable But
those who kept the Mr. Bulls Golfers said ono;
pay first the amount Of claim legal or not on ca
NADIA, and then but till then will furnish the cash
whatever else you want" The fact Ia, that leading
American house in London has bought up large porto
Of the old territorial debt for mere song; and for that
1t opposes all aid TO Florida railroads until the
amount Of the claims held by the house paid in full
of hoo ha,u1
enterprise however good reasonable ought be aided
in State that repuda.es the claims upon her. Yet so
beautifully consistent is this rm that only very re-
Gently furnished either the credt-pebaps both
for the Mississippi Central Railway. It is much TO be-
feared however that Florida will recognise or pay
any claim while such course is taken for since t
became State in the federal Unon has never owed
dollar as its very constitution prohibits any debt The
debt was contracted in short, when the country
Territory, and that too the present citizens Of that
State alege neither justly equtaby legally nor has
the State any right to acknowledge any claims,
they made, they have not been Be that as il nav
this seapponted and beautifully consistent guardian Of
John Bulls Golfers utterly opposes any advance of any
kind Florida that if that State has need of RAILWAYS
she must make them from her own resources Florida
limited length Of road, for which she offered as secur
~ for the payment of per cent annually thirty
five yearsfrs the entire railroad; secondly most am
pie guarantee by the State authorities the principal and
interest OF the loan and thirdly upwards Of 1000 acres
Of valuable timber grown land for each mile of road
Had the above American banking house put ts veto
to the oan could easily have been procured and Flo
rda would thereby have been much strengthened that
ene could soon paid the claim
her, and doubt would have done in all cases where
their validity had been legally substantiated
We hear, also, that the State Of Indiana is have an
appeal made to her beraty by of the parties men,
toned above, the subject of her canals for the con
structon Of which the State borrowed money several
years ago. In the speculative goaead esgerness of those
times the State found itself unable pay interest OF
its loans, and the canals consequently left incom-
plete This led to compremisethe State surrenderine
The canals and the creditors taking back the sscrtie
they held from the State. The of the canals
Of course completed them and for time all went well;
hrf fQoOn al oirou horor all thA
John Bulls iron and money have Indiana with
railroads in all directions, TO the immense injury Of tho
less The Of the latter therefore, deem it only
right and fair that the State should take back the canals
Of the State in setting railways up ruin the canals Now
Indiana without railways instead of being one Of the
most prominent and ourishng States in the Union would
be worse Oh than Utah. so that the uckess owners
must we fear, abide by their bargain trouble the
State for Its bonds for the latter will surely keep them
however much the leading American banking house may
complain Of its want of iberarty Far better would h
be for the propretors to Oil the canals lay down rails
opposition to all other lines in the State
until the latter shall pay the present canal owners the
amount they have invested when the and its rail-
ways and interests may be left to their fate
LONDON, Dec. II, 1858.
Prosperity of tie Royal london Patch C1ub un-
der the Con'nsodoreship Of Andrep Arcedeckne,
Esq.-Bd NdSques in Observation-Disclosures Past
Season and his Sars-Om Great Tenor, Mr..
Sims Reeces, and Mr.. Hogarth, the Fdlter-in-
lao Of Charles Dickens Messrs Webster and
f. Z. Smith Racing after Middle Aged Women
Garrick Club Ro,cs- Theatres and their Pros
pects- Letter from Musical Friend-Re-
cent Diuorce Cases, dc.
The annual dinner of the Royal London Yacht
Club was great that every stranger pre-
sent came spontaneously forward, anxious for elec-
tion and next Monday evening some twenty-five
are to be baoted for. Not the least important
toast of the feeding evening, admirably proposed
by Commodore Andrew Arcedeckne, the chairman,
was-"The Press of England and America" and
he coupled with it the London Times and the New
YORK HERALD.
Jullien's bal masque, (but then bal masque's,
III os,aaLiies souhies and nncorna ara iunnoaaln