The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-02-17

The actual returns quoted are those Of the New
York banks OF the 12th February aud Of the other cities
dated nearest the 1st Of this month.
II Is curious 10 observe how eager the various railroad
companies to get rid of their unsecured mperecy
secured Indebtedness
To keep the concerns out of the hands of the re-.
ceivers and In the hands Of the stockholders
It is only necessary 70 pay attention 70 the first
fecond-in some cases only the 1rst-mortgage bonds.
II perfectly useless for third and fourth mortgage bond
holders 10 forecose their mortgages for
boncbodes TO sue on default for the roads wodld
sell for than to the 1rst second liens
this way smart railway presidents navigate their
companies long, and retain possession Of the road,
oc.s and emouments, the stockholders are safe IL
they pay the interest on the first class bonds.
The articles Of association Of the Bullion Bank al
reary in print.
To morrow the bondholders stockholders and creditors
Of the Chicago st Paul and Fond du lac Railroad vii
assemble at the Office OF Mr. Charles Butler Il Wall street
arrange their several interests that the stockholders
shall be altogether sacrificed Mr. W. A. Booth Pre-
sdent of the American Exchange Bank trustee for
two classes Of bondhoiers will present plan TO EN-
brace all interests and Mr. Ashley Of the nrm of Ashley
Norris, stock brokers, will present another.
Tie capital Of the Nassau Bank Of city has beer
increased from t079 200 TO 81 900 600 by resolution pass
ed to day in a meeting Of its board This bank now he
comes eligible TO membership OF the new association
bank presidents.
The stock market has been in the main steady. New
York Central closed at Yesterdays price After the ad
jourpment there check TO the previous steadnes
from rumors spread Of renewed difficulties between ,h'
New York Central and Erie Railroad companies, winch
have alluded to above The following stocks deal
In after the close Of board business namely-Mchga
Central, which sold At bUH racine kOct
Island AT coz Chicago aud Rock Island advanced q
Panama 4 Michigan Central Il. and Pacific Mail Z
Harlem preferred declined u. Reading improved
per cent, and Michigan Southern r. United States new
SIS 10 demanc and sold at l0lk-a slight advance
California new rs advanced a. Missouri 6s were hrm
Virginia 6's declined H. Tennessees were steady Er
boDGs were 10 for demand and steady Illinois Contra
advanced u Bank stocks very active 295 share
being sold and all at firm prices.
r., etock market still presents uncertain and preca
rons ch. Ter. There is activity Of demand, cxcep
ior hanr e,L The general feature Is the tendency v
hear the prices or re,,, all stocks The leading mem
oers are mostly bears, and Tn. cverseIIinw In New
LODE 10 tns direction 10 the fear o. the 13d nstan
Iork tenHal the deliveries 10 be made On, ~ m m,
are IHEe. Inc buli party Is, therefore, operat, fo
prooao'n'y OF such oversales compelling pnrchase.
e ket s 700 steady except from this copsder
mar h IN the general confidence In present vanns m.
iesdne Speculation Is sn bearisb but begins N ovb,h
symptoms OF hesitation on this ground alone '~''''
1nc BOARD yesterday passed resolutions A.
suspension from membership all members who con,oS
and published the names of buyers and seley, ~ .,
few members have done this in violation Of s,a~S;
ruee, and the special transactions Of dealers have h
published and photographed IN other cities and in Co.,
cases 10 circulars The feeling that the uratice %
Injurious and offensive 10 the parties who empoved ,
BROKERS. '''y0' TIC
The Pitisburg, Fort Wayne and Chicago Railroad co,,
pany mas closed is Office In this city " day. having
ponted NJ X. Jessup Co. No. a. Exchange pace n,
nnancal and transfer agents All coupons ana other oh
,xsuoDs Of the company payable here will have " ha
pIeseh'ed Tor payment at the Office Of NJ X Jessup Co
wne'e sso the stock Ia transferable The Vice pres,
a .. n, ngertn, who has charge of the legal busi
''''' ""' lave MS once a. Fort Wayne, Indiana,