New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-09-17
rntal lN be- 800 28 4!0.s6.ln sl ". q

Increa compared with SS 'I3Yo
The Committee Of the Clearing House, appointed to
examine the Artisans Bank, have reported that there
is no occasion for any further action on the part Of the
Clearing House. They found the assets correct, and
report the Bank as perfectly solvent
The Railway Convection is still in session. The
form movement inaugurated at Saratoga will not be
abandoned reports TO the contrary notwithstanding.
No action has been had upon Eastern freight, and, as
the roads have all they do at full prices it is rea-
sopably sure that no concession will be made TO the
Cincinnati ads desiring by low rate 70 change the
natural course of trade. Low raes will not be made.
There is great demand for rolling stock upon West
EN- Roads. An order given on Friday for five L.
comotiyes and one hundred for the Mississippi and
Missouri Road. The DarcapOrt G0Sette of the 10th
save - miles Of road west of Iowa City are in use,
and that MaIeDgo will be reached Oct. ., completing
l35 miles. Eight hundred men are now at work on
the lire. This new line is great feeder TO the Rock
Island Road, and its early completion has stimulated
much of the recent buyiug Of Rock Island stock.
The Mining Agent Of the Union Consolidated
Mining Company of Tennessee gives TIE August pro-
duct of the three mines as 700 uns of t. T. cent cop
per equal TO ~ tuns pure copper.
The Governor of Michigan, the 9TH inst, made
bis certificate to the Secretary Of tho Interior at Wash
mqton, that the Flint and Pere Marquette Railway
Compsny have completed twenty continuous miles Of
their road pursuant TO the requirements Of the act Of
Congress approved jane g. 1856 donating lands 10 the
State of Michigan for railroad purposes. Thus the
ConpaDy have thereby secured their valuable land
grant, amounting to co. 100 acres. This road when
completed will open the Eastern markets at East
Sapiuau and the Chicago and Western markets at
Pere Marquette. vast region of pine, oak, and other
lumber unsurpassed in quality. Tue lands along
the line are said 10 be well suited to agriculture as
well as numbering. The twenty miles completed ex-
terds from East Saginaw toward Flint and the grading
has been done to the latter place-a distance OF 10
miles. The Company expect to fnish the road to
Flint ths Fall. The road forms link in the Grand
Trunk Railway TO the Pacific.
To exemplify the changes going on in the value OF
Railway property we have but TO take the estimates Of
the current year. commencing Aug. |, 1860, and COM
mare them with the actual results Of the last official
statements-pre missing that the estimates are based
upon data as reliable as be gathered 10 references to
the estimates too which quite AS likely to
be exceeded by the results be III nnished. In the
iiscal year Of the New-York Central Railway ending
Sept 80 1889 the road earned above expenses and in
terest about q cent; and in the year ending Sept.
~ looO 10 can scarcely Hhi SNORT " V cent "in'
forihe year ending Sept 30, lS6l-takipg as basis
estimate the immense crop movement and return bust
ness well the increased passenger riiiic-we do
not consider sangune TO expect net earnings equal to
III cent on the stock. The Hudson River Road, for
the year ending Sept 80, 1860 according 70 careful
calculations, must show net earnings Of at least q
cent against about - y cent the previous year and,
in the year following, has fair prospect Of earning 10.
cbo Gala ~ A IL IA f4ir tn
produce or TO- and the Rock Isaud about the samo.