New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-11-10
sasse 1856 se4 sos 20 scos Iay Ie'. "a

Tctal.. ll9,ee,iso Snt
Compared with the returns Of the previous week.
there is an increase Of g. go 600 in the loans ssss so
in the circulation. 81 e99 Ole in the deposits and de-
crease Of a. ,3cl a52 in the specie. Compared with
the report of let January, the oans show contrse-
ton Of Sc 500 GEO. the specie is $3.50 coo ess and
the deposits 81 100 600 lees. The circulation has nos
materially changed
The Erening Post gives the following list Of nur-
snees on the grain destroyed in the NewYork Central
Railroads grain elevator at Buffalo:
Buffalo Mutual. 1880, Etna Hartford. ei5ee; North
American Hartford sseo Arctic Nswyort ssc rsss
FFsss o ana $500 sSs .sS S'I
Sas0ol $3.50; Commerce. Albany x65eo brcyoor eee
s s Ss sa s.1esn $500 .s" ss
Niagara. Neu,Yort - SEQ Continental saeeoi wesssn.
New.Ams,srdam 1880; New World sassoi Mrrcss.iis.
sS H0Rs tssl Mss.. 1850 Atlantis Co.. s' ssSI,.
City $500, Frrnen's Fund - 400 State IN NJ <5so;
F1ssnSs sssc s1ces %.sSn:sos. sss
Beeknan. ssoco-rotsl sl7siso
At the meeting of the Terre Hauic and Alton, BeHe-
vile and nEnoisown and Terre Haute Alton and 81.
Louis Railroad creditors, held this afternoon the fol-
lowing general plan proposed: is The immediate
surrender of the road TO the under the second
mortgage, the property to be sod, and the company
reorganized upon the following basis
The first mortgage upon the Terre Haute and Alton.
and Beevile and Ilnoistown, to remain intact, bus
one years interest beyond the current coupons to
be deferred until 1861 aud 1862
The second mortgage bonds TO be exchanged for new
bonds maturing in 1884, and the bonds to be given
for the coupons on the seconds up March, 1862 The
second mortgage bondhoders are also to pay 10
per cent in cash, receiving bonds in exchange,
above, for principal and interest to 1852.
The Third Mortgage and Fourth Mortgage bond
n 4. n. 4 4 n
condition of advancing 10 v cent in cash for which
they get Second Mortgages. Failing to do this, they
are to have but 30 Y cent of Preferred Stock.
The General Creditors to be made Preferred Stock
holders by paying 10 Y cent to the Second Mortgage
Trustees, as above, and failing to make cash nd
vance to get 80 y cent in stock. Stockholders to be
new stockholders at the rate of 40 v cent now for
each 100 of old provided they are not debtors to the
company No dividend of over y cent be made
upon common stock until all the floating debt of the
proposed new company is paid and all over v cen,
shall form Sinking Fund to pay the First Mortgage.
Upon this reorganization, the Committee think the
new company can pay dividend on all its stock and
bonds.
So far as the plan refers to the adjustment Of the
first and second mortgage claims, tho report wac
adopted by the meeting; but objections urged BY
several parties to the details of the report and its pro-
visions so far as they relate to the third and fourth
mortgage bonds and foresecured debt il being claimed
that the proposed Assessment should DO omitted mod
fled in respect to ali securities and interests junior TO
the second mortgages II was also insisted that the
debts upon which any of the present former directors
were liable should have more ample protection than
was provided in the Committees plan Objections
were made that debt of about $s4, 900 10 the TerTe
Haute and Richmond Road proposed to be paid in
full in second mortgage bonds; while debt of about
800 600 to tho Michigan Southern and Northern In
diana Road was proposed to be settled ut 40 cent,
and paid in common stock After full discussion, Il
was unanimously voted that the Committee be author
lied TO modify the programme reported by them, 20 far
as il related 10 debts or claims later than the second
mortgage retaining, however the principle of some
sessment 10 be levied upon them, leaving the amount
thereof and all details in the discretion Of the Commit
tee; and the Committee requested to proceed
with all practicable dispatch to carry into effect the
plan az it should be thus modified and finally agreed
upon.
The message of Gov Brown, of Georgia, has been
published 1t gives information relative 70 the
finances of the State, further than statement thai
$500 500 of the public debt falling due last year. and
about 800 600 in advance Of maturity, had been
deemed by the treasury during the fiscal year. In as-
cordance with the directions Of the law $780, 600
bonds had been fixed maturing in twenty years, and
bearing ak per interest and placed in the educa
tona fund OF the State, the interes! on which viii
| go toward the support of schools.
The Cincinnati Gazette intmates that business has
been overdone the West and the depression Of 1857
is still felt. The heavy jobbng houses in that city
are, in consequences Of great falling of In the coli
lections carrying heavy amount Of overdue paper.
The Boston Post, in It's weekly review of Finance
and Business" says:
Money easy business slack, stocks quiet or de-
cning-are the leading facts of the present dull pc
rod Business however, is as brisk as II ever Is at
Thanksgiving time, while prime stocks have advanced
Of late rapidly and regularly that II IL not strange
10 have them pause while even drop back little
As TO money IL must continue 10 be abundant any
thing possessing the full confidence OF lenders for
long time come, since there IN very little TO DO With
IT, aud there would be less did not banks and in
divduas carry along a MAS of old things, renewed
ard re-renewed dating back to time preceding the
deIuge which is 10 say the panic of 1851. The
rent business OF the day cannot nearly consume the
Accumulated credits Of commercial eenters ana ihns
it be- for months to come The spirit OF activify,
speeulation confidence, " hat not seems dormant
all over the gObe. IL II sill in trance and
England-in Germany with money at per cent. per
annun-as II ia the United States, where money 10
Der cent; and until this sleeping spirit Is thoroughly
aroused BE- il longer be it shorter, money credit
must be. very tolerably easy although local causes
NAV uufavorably affect local markets at intervals and
for shoIt periods. The question comes when will BE-
rbi- awakening "a question easily asked than
answered. -,
As with W Of the North the West il Of consider
able Importance since she continues largely in our
debt while at distinct period she Innsf again be
our excellent estorner-we may turn 70 the West for
a partial Response. The West is bare OF goods beyond
al precedent. Our notion " that several more crops
will be required to put her people into proper conf
denee TO buy largely, and proper condition 70 pay Tor
kr.u Ard l-lta