New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-08-04
REHABILITATION.

Cents ,666oo0 p'o~
r,., ..iasas sassa'
The annexed CORES md nee in regard % the State
of Virginia Loan we find 10 7h0mpson's Reporfer'
1t will be nterts ing all who intend bidding Tor the
loan:
In order to comply strictly with the letter of the Law.
the Board Of Public Works of Virginia have offered
$1,000 600 Of the stock of that State for pnblc bids
without, however, expecting 10 receive proposal
which can be AWARDED under the laws.
The advertising Of such important loan has caused
inquiries as to the laws of Virginia; d. in order to
answer Of the M st peril rent Of the Inquiries we
addressed the Secretary. Oar letter and the Secrs-
tary' g answer are as follows:
BANKING OFFICE or THOMPSON Bsos.. No 2Walstl
NEwYoRK July 49, 1850.
THos. II. DEWITT, esq, Sec. B, 7. w: Of Va
Dear Sir. Referring your advertisement Of May inviting
proposals for loan, we beg to inquire -
legally award the S. any part Of on bids
your laws permit the Issue OF couoon bonds WIN tne
and S made % u Met o. is 90 bid
under par and II so nov much under par VIII DC esA i'f
Are W. to understand tina, yoa propose to give Sterling
bond with Sterling attached SIsDsas sbe t.
dollars that legally be accepted for every 1o" hSe per
cent Sterling bord ,,,
propose. for six per sto and the party aerwad desires
i've Der cent bonds thereof how much Sterling
VIII ne e" Vssy se.pectfSlly yonrs THOMPSON BROS
OFFICE THE BOARD or Public w9Eks SF , vsssaaerSi
To Thompson BROTHERS, Nsp. York.
GgNTLgxEs of the 18th inst duly received
vice Of the Board who days after and since sdourned
This explains my delay in giving stteation 20 your letter
The board cannot au ard the loan on bids under par TOT
Our laws permit the issue Of stock bonds with the inter
and principal payable in Newly ork London or elsewhere IN
five y cent can be awarded uuaer pasay for "a years
that Tor cehts Is
that which for "a years equivalent in effect to cent
s.erinss or other bonds issued the principal with
the coupons attached are made in that currency Tn
the State addition the benefit of exchange which she has
s. There Is no authority make transfers from class of
stocks another except that bond can Be changed INTO
Sec b. P.W
The advertisement states that proposals will be re-
ceived at any time previous to the hrs. day OF Sept
next. OF course nobody wants a Virginia stock a.
Jar, while he can buy the same stock at 9Oa a u In
Wall street. While the advertising Of this loan does
the State DO possible good it has deprecated Virginia
stocks and bonds 3d5 V cent.
TIE Cincinnati Enquirer of Aug. !, reports the re-
organization of the Marietta and Cincinnati Railroad
Company:
Wilson PRESIDENT l4e 1913 voted The entire
nSou Mot Of the we're repressnd PROF
les. The following gentlemen were chosen Directors;
II w. Fenie, Il. POWELL
gu.on Lon don Noah Wilson John Madeira, ChiHicothe
David Gibson, VIM n Roeloison, VIM. P. Hurbur 5. b.
Reyes VIM Glenn Cincinnati Douglas Putnam, VIM B Cut
ter, Marietta, + J. Hezetine zsIessie.
Among the large number Of shareholders who were repre-
septed by proxy observed the names Of Prince Ladsgs
zek Jean Zsmoyky The aggregate Of interest
by proxies of German princess in the cleo
ton yesterday about soCo,OCo"
The Detroit Free Press OF Aug. says:
There has been period for yes pa. when rss'e on
the lakes have been busy at the present time To show
son ethng what carrying trade really is IL be mentioned
tbat on Friday and saturday last 100
Transporting than 100000 bushels Of grain 1000 900 feet OF
lumber 1900 tuns of iron ore, and 100000 slaves"
The Committee ON Farms of the Wisconsin State
Agricultural Society set down the Wheat crop of Wis
consin for the year 1860 900 of bushels This
aggregate msy seem enormous to those who have lot
travelled tie State the present season. aud seen with
their own eyes extent and magnhcence Of our
wheat fields. No otner State in the Union can equal
her size an6 population. .
Weiss Commercial cypress Chicago Of August
% gives the result of the Wheat crop of 1859
keed at that point. In Flour II ,302 OBJ 10 W. eat
S,942 46l bush total equal to Il, 1873 81 BUSH,
ceediDg the receipts rCm the crop of 1858 by $50
BUSH but falling short of those from the crop of 1857
by 3,7G9 639 bush. The cypress stakes its CONNER
cal reputation the probable truth of ths prediction
that Chicago will receive nearly if not quite ffy mil
lions of bushels Of grain from the country, which seeks
its market here, in the ear from Aug L. 1860 70 Aug.
L. 1861 Corn receipts from the last crop have already
reached twelve million bushels. Receipts of new
Wheat already beginning to be LIBERAL and will
soon be large.