New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-12-16

The extensive provision house of Van Brunt Wat
rous who are largely engaged in pork packing, have
made an assignment II is currently stated that the
liabilities ARE upward Of $4,000.
ThompsoA's Reporter says:
Last week we cautioned our readers sgsinst three
Vermont banks, and quoted them IA doubtful, thus =
On Tuesday of this week the Metropolitan threw out
two Of the the Bank of Royalton and the Farmers
Bank OF Orwell. One OF our Green Mountain CORE
spOndents Of opinion that the Franklin County Bank
ut st. Adams is also doubtful concern. Our Maine
correspondent cautions against the Norom6oga
Bank, Bangor Maine, and says: : IL has leaked out
here that the Regulator Boston the Suffolk or Mu
tual will assuredly throw out the notes OF this bank,
if tbeiI account is not made good, and kept So. We
quote the bank with :, which means don't buy
The Hudson River Railroad Company have issued
a circular in regard to the extension Of the Second
Mortgage Bonds Of which the annexed is copy:
orFcE or TIRE HuDsoS RIVER r. r. Co.. Dec. 10, 1889
The undersigned Committee Of the Directors Of the Hudion
River Railroad Company IN pursuance OF the resolution Of the
Re.oed President with Messrs Boorman Jones,
Wolfe and Miller be Committee TO take into combination
scond Bonds thu witch become pay
able The 10th Dese%bsr % and % 70 the sosra any
That they find the present Of the Company
bonds secured by mortgages 70 be; -
Undtr the first mortgage in 1859 and 600
Under second able 10th December 5G0.. 1880 900
And under the third payable LIST May lS'o.''''' LSp"o
Total Of Dor,,s,. $3.50 600
The second Mortgage bonds now cs for timely
These wer, Issued before the onpeon road to Albany
made payable ten years under the expectation thst
development of the resources OF tho road would by AT
has not been realized but the steady aea corrs u road
the last few years and the vaous economical snsemen re-
that the gradual reduction Of the bonded debt Of
The Compary ought be Unlisted and that h object
best be asned by arrangement with the holders OF the SEQ
ond class Of bonds for the extension ne payment 70
TIE Committee lind that such an arrangement be made
hode
nights under the securing their payment a. WIZ De
.sn Sy b sseo the Of the
were and Tih saysSe 10 's snad
IL extended deferred means OF meeting them exist but
1873 which provision made 10 the Third mgsse rnsi
course would throw lsrge additional amount d 'n Class on
the second will limit the further amount which the Company
m 40 90 Ierved for exchange Tor the lie anonni
Convertible Bonds now outstanding when the holders
and the Company may mutually agree on terms Tor sacn eh
Committee believe ,ha, further srgu@eut necessary
the decided general advantage Of the sAegement
sngse.ed,snd that meme e required as to the sdyansa.
Of railroads country experience has rendered evident
sb .iT Tsu 70 % s he ecS e"n ohse %s
Under the terms which the Committee could submit 70 the
,hs h will be- found 10 hs the Of large majority Of them
avail themselves Of the opportunity Of extending their honds
Investments Th. confidence is oundsdOn the readiness Of
The Member Of the COMMITTEE sno o. @ny Other hosf ss Of
hodon the Of the present value OF thee Bonds
mum and that desirable per cent becoming
the narkeand particularly on another fact
hundred and eleven holders Of the Seconds tont ssma
fraction over an average o. three ponds 70 sae os I
holder Of hundred thousnd dollars whose Investment
the other Mortgage Bonds Of tbs Company beds the
venence Of having interest astaehe have also the
the books Compsnya feature deemed BY mos, prudent
capis.t. preferable Bond, able to bearer
he ANNUAL sppropaon Of $4,000 Sinking Fund to-
reher with aecamustins spnn interest on the sdts paid u
eomTsPeed Dec e @ vii on TIE lon 81 a ans ~
ng oxngsh this cass OF Bonds 90 the latter DAY Doc may
Veyo. to the maturity Of the Third Mortgage Boni Heses
the provision made in Section for such contingency
end ned S'o Of the s proposal:
which they commend 20 the Board Ior and
J J9ffi 1 bSSib woLFK,
EDWARD JONES,
EDMUND Ii. MILLER.
The Company makes the annexed proposal:
In consideration premises the Hudson River Railroad
That they a pay the Commissioners hereinafter named
the 10th Of December 1860 the Of 1900 aud ne same
.un annuy thereafter unt and Including ne yeai s tor
s Sinking Fond o payalri, and eniinsqshnsn' q tho
hereinafter prescribed o. the PRINCIPAL Of the Bonds
sai Company snsas .hsi the pd to the ssid
.hs be sPpsd p hs ~ R a. .s,sS ~
the Mortgage aoressd and that the Bonds thu. pOrehaed
shall With The snPad oSnRonb a e bsS ss rsas IN
~ re- oris,ioaer a. evidence 81 the oh cation
Of the Company interest the sane TO the stng
FuSd until ne Whole Of Boads issued una-r the Mortgage
aforesaid ha have been purchased by them, or have been
othefwi.e paid or discharged ~ the Company. II,
And the Company that they "A" pay 70 ~ tools
annually ssh 10th Of December aner ne year ~
been purchased by them Ihs interest tnS TO
rivrd by Conusscnrs shall BE- applied BY them TO Too
Re ss1e above provided 0s the application Of the
annual payrlsn;s Of 80 Ooo.
/, shs s. duty aid Comnondr' At east hfesn
days prior 10 the 18th Of December N elsa ye 70 nc
10
Fund hey y have in hand the sad day. and 70 nsiie
Of Bonds Cor sale and they SEAL De oal 70
purchase which may Re offered on me most
ers bit they shall IN purchase q higher rate thAn
hye per cent premium tho principal with accrued interest
cas-. tender. OF Beads TO necessary not
TONER. purchase exceeding the rate, sn an
eonvnies dspach Aort-agc Bonds Of the Company payable
In l.s5 Of the Sinking FBnd IN theG eses and
Bonds purchased shall be aPpptoptatsd ~ ne
Ioners .oley extinction Of the Second Aogs bordsi
the Company 20 interest thereoc 10 me
Fund in ,he LIE a. IS provided to respect 70 eeona
Mort zags 6cr Dc bengbt By the Comnistoner~ -.
Bot Notwithstanding the oryoHs psosiscas and
Company themselves the prsese and 1ht %
ell sad psy Of the lh OF DsccnhsL S al ne bonds
which Teen extended unr these proposals snf nen
main By vnxto the holder thereof three mouths
previous notice Of such inten,on By prof puohc tdse,
and By paying 10 the hotsF thereof bonus OF -
Of 2 the sn0unt 81 principal with accrued interest
nsay On the other hand The Company sd and grant 20
holdes any Of them, ke privilege and right o. densnds
sach outssndng bonds al par WIN
e the said l6sh Day q December, ls7s ~ gv ssfes
The bonds and unpaid sPpurtenant eoaPot ana the
rts and privileges snaer this section shall DOT Be ezo.ed b
either the parties the time dssnzed then sure fanfn
rigkts and privileges shsl eease'
We have received copy Of ths report Of tho Com
ui.tes Of Stockholders Of the Sev-fork Central Road