New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-04-28

at the Port- compared with
psrd with 1885 $3.50 bales decrease 70 France 5000 in
SEQ $50 ''"' ''
There was considerable discussion at the Second
Board to-day in relation to the rights Of stockholders
of railroads TO come in in Of foreclosure with the
purchaser by paying pro rata their portion Of the
amount for which the road sold. Tue net which
authorizes this wa. passed June 80 1853 aud for the
riom alton Of the parties Interested we annex the
two sections. of which it consists
When yer default shall b. made by any Railroad or Plank
road COMPANY il the payment Of principal or interest Of ay
bond. such Con psuy which secured mortgage o. ne
nv Of such Company shall be lawful for each and every
OF said Con psuy At any time dur tnr process VI
asc fo the benefit Of the holder aud holders Of 'uc
bonds such proportion Of the due and Of the secured
pad by he ~hoe Of the bonds secured by such or;1se
.. such stockholders snail bsr the wno stock Of -Aid
O. psuy and paying such oc shoder ha % tne nt
payment bccome aud BE- interested IN said mogas
and prot.ct-d Their, by
In Of lie foreclosure u any ToI.siss given BY any
such psuy stocthodsr OF such company sa M the
period Of sale under such foreclosure have
u. rIsh on peJ nx to the purchaser OF P4fHasis % a
such the named IA such norsaz-, 3r h-
80 '1d b. u ~ o. s s nd on M al, and rb -. and
.rtn. h.rof such tholdsr stock IN sad company
A. paw ~ such ocshodr shall b. entitled have the relA
w sncul' r Ire', IN .sid rarsd or Paaifoad company
aud i's cad. franchises and other pr perty.
W. understand ths TO mean that If the Erie Road
should be sold under foreclosure under the fourth
mortgage for, say sllOO,Ot0 and the previous liens,
any holder Of LOG shares Of the stock would have the
riclt To- furnish 81 go OF this amount aud come in
with the purchasers. Should such contingency hap
pen the present buyers Of Erie g. under cost Of
si7 y share, would own the property, with the mort
gag, Geus of $l3 GOO coo, and aggregate cost Of
>l4.ICGCOO. This act certainly gives stockholders
Of railroads a valuable privilege, and places them
%. all 4
Theny,oa's Rcporter rays;
On the lit Of February, Wisconsin had ~ Banks
uonc business and II winding mp. The ~ doing busi
have
C.p-,l...s7ss5o $500 90 Cash It,u......... se}ss5 81
b. ,.... sel2 - Is PrYa- secarte.. ~ 81 IS
eT-cis.....-...... rfs ~
TIE - thu, ARE ndiug no have a dollar in gold in
he Bark Con pirulers hands Z" every dollar Ut out
standing circulation 80 that every broken Wisconsin
Bark note l. redeemed al par whichever presented nj
the Bank Department.
Ilnois il equally fortunate IN the WORKING oi her
Free Banking Law. Still there !, a danger hist me
correucy Of bath te.- States viii fall into di-cred
In IHroi. sous 80 coo are lying under proie-t-pro-
tested b-cau-- tie bsLk- would r,irrm N nothing but
small silver, and this they were foolish enough To pay
out in dilatcry manner. The consequence OF I'M
state # thing. : to pnt exchange - hlgh. when
bought with currency, that avery sold business MAI
becomes dissatisfied.
The Buffalo Erprsss cay:
Navigation j. perfect the entire distance through the
En-. Canal. Saturday Afternoon the hrst boat from
N.w-York the Hardware, belonging Z" the Nr-trrn
TRANSPORTATION Corp arrived here with Ioad oi
:. tuIs Of merchandise. >h- = the ivr-ruHner % 3
e, usiderablr fret, -on- Il which mzy have reached
the city THU evening.
IL We are not mistaken. this l. the nr- instance on
record since the enlargement commenced Al least 81
b si- passing through th- .tIe length Of the Canal
al Tie Spring opening wiAuB, detru.On from break,
or other mishaps The r-g TIP usually occEpie- two
or three week. 'ire whereas - have TN. season a
boat through IN eight day, from the opening. Gci-
thi. wear Transported b. tie Canal vii be delivered
il 90 and ether western ports on or before the
Let Of Nav Heretofore th~v have not often been
laid down al the West before the lsi OF June.
In relation u the on! zap Of railway between New
York and N-~-Orlesns, and Chicago and Nev-Orean-,
Tie Rely SPrir., Mr. H:ra.d report: