New-York daily tribune., 1859-06-02

Net.sssss..sss.s''ss Sit"SS ID riose~ %
The Canada from Boston to-day, took 81 26S, ,ooo.
in specie, The Borussia, from this port for Ham
burg, had $60,OOO. The Saturday shipment does net
promise TO be large as was anticipated, some q
the orders having been countermanded. The Ameri-
cas- adyices, however, may increase the amosak
again. The estimates vary from million to Q mh-
lion and half.
The Tradesmens Bank has decided to increase IL
capital to 81 O00ooo II has purchased the property
ON the corner of Broadway and Reade street, where t
will be next year located.
Money continues abundant on call at 5e6 Y ceat,
and on paper at az cent.
The Manhattan Bank of this city will pay, on the
9th instant, dividend of v cent on the stock of
the Commercial Bank Of Manchester, Yazoo City.
Miss just declared by the assignee. The Metropoli-
tan Bank will pay the coupons on the per cent Min
nesota State Bonds.
The business of the Clearing House today WA
s2l ll3,OOO The steamers Alabama Augusta and
Florida of the Savannah line. advertised to be sod at
auction this afternoon, by l.. NJ. Hoffman & Co.,
have been disposed Of by private contract.
Mr.. ID. II. johnson has given the requisite bonds
for the performance of the mail contract between
New-York aud San Francisco awarded to him The
sureties Mr. White of Otsego, and Messrs Grimes
and Irving of this city. 1t is thought that Commo-
dore Vanderbilt is will be interested in operating
this route under what is called the Van Dyke and
Wallace Grant.
At the request Of Mr.. Moran, give place to the
annexed communication, which drew out the letter
from Mr.. Corning published by us some days since.
The question in dispute between the two Presidents
appears to have resolved itself into point Has
or has not the Erie Road power to control Mr.
Al. A. xr -
the Erie for il is patent that the reduction Of passen-
ger fares to New-York commenced with the reduction
by Mr. Pachin to g. and Immediately after to Is 50.
II the Erie Road cannot control Mr. Paiehn, then the
frequent negotiations which have been going on be-
tween the four roads were waste of time, and that
gentleman should be invited to air his views and in
tentions at the next Convention.
OFFICE OF THE N. Y. & 4. X. X. Co,
NEw-YoRK, May7 1859.
To the Editor Of The american Railroad Journal
SIR: beg leave most emphaticaly to deny the
sertion made in your editorial of this date, headed
I" Railroad Competition" All the reductions on
fIeghts have been made by the New-York Central
agents without the slightest proyOcatl0n retaliation
on the part Of this Company and without any
except that the interests OF the New York merchants
required uniform rates from Boston, NewYork Phila
delpha and Baltimore Ia all western points. This l
am ready to prove conclusiyely 10 any disineresed
York Central Railroad Company.
Competition between the New-Y0rk Central Com
pany aud the Buffalo and Corning Railroad Company,
Buffalo in regard 10 CATTLE led 10 reductions on both
cattle rates and passenger fares; but these were made
without my knowledge or assent. On the contrary,
would have prevented these reductions, had not the
New York Central reduced Immediately To same rates
~ the Buffalo and Corning Road-thus preventing
any intervention my part.
After the Summer rates established by tho
New York Central at Buffalo, the local rates from
New-York to Buffalo we're Is, 55, 45 30; these wers
subsequently reduced by the NewYork Central " 6O.
So 35 90 and further reduced 18th April 70 40 D.
80, 20; and 9th April, altered to 30, 81, % ~
In all these modfca catons We followed the New-foFk
Central but in instance when these were regular
rates did reduce below the rates OF that Company.
In the present contest have constantly held thas
we had Do money with which 10 retaliate our con-
petitors, however unjust and uncaed for might bo
their aggressions.
No agreement or alliance between the New-York
Central aud New-York and Erie Companies woad
permit increase Of rates while the contest conn-
ued with the Pennsyvanis Railroad
The latter Company competes with the Northern
Road at Cleveland, and every other point west and
northw Of Cleveland.
May ask by wnat system Of logic yon arrive at tho
conclusion that the state Of things which now exists IN
regard to railroads Is the consequence OF tho doctrines
preached by me- but never really prsctced on any
other road3 have ever on all occasions urged tho
impocy Of resoring TO the which have brought
about the present state Of things, and have never fe-
sorted to them in self defense except 10 the csso
Of reduction last year in the passenger fares.
trust you will do me the justice TO correct Jour
statements, which j believe you would never nsvs
published had you been aware how grossly you nv"
been deceived by your informant ~
Believe me- respectfully yours, CHAs MokAN, rrest
The coinage at the United States Mint in Philsdet-
NH. Tor the month Of MAY was y follows: