New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-05-10

The following appears in The Express, and is pub.
lshed officially:
NETWORK AND ERIE RAILROAD, MAY |.
The entire bills payable outstanding, sji3,3sO 20;
unpaid coupons on unsecured bonds, including those
in hand of sinking fund, $445 095 The wages OF the
men are pad up to the LIST OF March. Supplies being
purchased for cash. paid up TO the let of April.
Total amount Of ith mortgage bonds issued SI5l3,O;
leaving applicable to floating debt, 81 4S ,OUO if the
balance negotiated on the terms proposed by the
Company it would produce in cash 81 ,43, 5V; which
would leave after paying entire floating debt and all
past due coupons on the unsecured bonds, $2o5 900.
This does not look hopeless "a to warrant the
present depreciation in the securities of this great en-.
terprise. The road and equipments have been much
improved during the last eighteen months, greatly
enhancing the real value of the property Of the Com
pany and previous period has there been so few
unadjusted claims against the Company.
There was a current rumor to-day that negotiations
were in favorable progress for an amicable arrange
ment between the Pacific Mail Company and Com
mander Vanderbilt, involving the establishment Of a
weekly line between this city and San Francisco.
Mr.. Vanderbilt according to rumor, is TO manage the
Atlantic boats, and the Mail Company the Pacific
boats. This rumor no doubt was the occasion of
the recent rapid rise in Pacific Mail stock.
In another column will be found card from Mr.
n. Cleveland addressed TO the stockholders Of the
La Crosse Road
The public works of Ohio are advertised to be
leased for five years.
The contest for the possession of the 81. Louis Al
ton and Chicago Railroad has been smicsbly ar
ranged, under negotiations conducted by Mr.. John
T. Stuart, Of Springfield, H., on behalf OF Gov.
Matteson, and Messrs. J. C. b. Davis and John
Cleaveland, counsel for the first second and third
mortgage bondhoders, in this city for the purpose
of settling The terms Of surrender Of the road to the
latter claimants. The Chicago Tribune gives the
following as the terms Of the agreement:
That Gov MsesOn shall deliver to committee Of nine bond
Of the rad with al ia r. personal and orssea properly
and shall guarantee the said Committee against any
detrpnent under OF BY virtue Of the spencer Lie lie
will transfer a.. Of his the chsr
Of the ST. Louis, Alton and Chicago Rarosd and VIII
deayoI TO have the whole charter 50 traisfeEred
H. The Committee do recognize in any
existing between the Road Gov NJ and The Joliet
and Chicago Railroad Company or Messn Mitchell And buea-
iii III. % .assa gsy 81 to s. s s to the
the Road psed In their hands and the remainder b. salts
fse;oy cured 10 them out 81 the first Gov
M.tten al srr-aIsse. securing since Dec l. 1859
The bodsoder. agree 70 apply ne nes' ne, esrns' Ct
Blo;he,s Co, Clark pOdss Co. me 0cesa Bank New
York John Andt-on Co. s. LGsi. and the BAH Of B0:R
said liabilities are found TO be bona fde.
" The 9Th and sixth points provide for TIE payns on, of
The net carnns Of seSi 90 Tor WOOD and ell i "a for ma
WI The edhol5er. .ee to pay M.tt.soa The Lel,as
received BY him from the Road said b.
eersined by refrces and event; 10 exceed $500
These points constitute the basis of ne shortly 70 b
entered into between Gov and the bcndhoder TIE later
among themselves apply the earrings Of the Road after
dschsxng the above ndb,eaness the payment Of the
three olss 81 boud IL the order Of the
precedence The frs; mortgage made Oct 49, for ae
Of 80 coo s~coud June 1855, for eoeo ne
third March 1854 for $1,000 oo TIE total Of
cTusd interest Is about $4,000
We give elsewhere 8 communication from
"Necksr," pitching into the bears of the Stock
market. We do not see that he rnakes very strong
case; but We are willing that both sdes shoul& air
their views. Whatever "Neekar" may think, how
ever, il is very certain that, had railroad property
continued to yield dividends all the bears in Wall
street combined could not have depressed the
market values but temporarily, and long age there
would have been no bears left to form combinations.
The Galenn Advertiser states that large quantities
of the old corporation scrip Of ~ town Of Galena, 81
Of which was bonded long age Obeing press nted to
the City Government for the purpose Of being put
into bonds is supposed that, instead of being de-
sroyed g, the time it was surrendered for conversion,