New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-06-01

The Howard Insurance Company has declared a
semi-annual dividend of ten y cent, pa able on the
4h of June The business Of the ClearingH )use to-
day was s2i 1864 69. The interest the public debt
of the State of Illinois will be pail at the American
Exchange Bank, July /, and for 30 days thereafter.
Holders of Illinois and Michigan Canal Bonds where
coupons are exhausted will present their Bonds.
TIE Attoney-Genera of the United States has de-
cided in favor of the claim of the State of Missouri,
for about $4,000 of what is called the two cent
fund.- and the Secretary of the Treasury WILL in few
DAYS draw warrant for it, which will put the State
Treasury in funds for the midsummer interest on the
State debt. The semi-annua dne LIST June,
the Firrt Mortgage bonds of the Buffalo, New-iork
ard Erie Railroad Company, will be paid at The Bank
of Commerce in this city Mr.. Handy Cashier of the
Ocean Bank of this city, has resigned in consequence
of i'll health.
The money report to-day is of increased abundance,
and ease. Considerable amounts are Offering on de-
maDd at 4a4l = cent on prominent collaterals, and
leading paper has been passed at A. as T. cent. We
hear Of accepances being taken up by the makers as
low as 3 cent. Specie continues to come in from
Philadelphia and from the interior. Philadelphia
will probably send half million Il is week. The ship
ment on Saturday promises 10 reach million or mo &c.
meeting of the holders of the La Crosse and Mil
waukee Railroad Land Grant Bonds was held this
morning at the Office of Carkson n. Potter, esq., the
counsel for the Trustees. The meeting was numer
ously attended Mr.. Potter reported the state of legal
proceedings, the objections raised by different defend
ants, the favorable effect Of decision grating Re-
ceiver, into whose possession the line had gone, and
the propositions that had been made for leasing
the line. Resolutions were adopted approving the
legal proceedings which had been had, and that the
bondhOders arrange with the Trustees otherwise to
have the line bought fOraccount of all the bondhoder
and that distinction in respect TO their rights to the
line between ,he bondhoders of the first and second
issue should be recognized. An offer to hire the road
from Portage TO La Crosse for $4,000 year was
ported and communication from parties interested
in the east section of the road asking Committee
to confer with Committee from that section in
spect to a sale to that section, a consolidation OF
both lines. Bondholders requested to send their
address and the number of bonds they hold TO Messrs
Satttrlee & Co., No. 40 Exchange place New-York
Unless some extraordinary events interfere with the
prospects of the country, such crop failure, war;
or other uforeseen calamity there is good reason to
look for very prosperous year in 1861 for railroad
property which claim to POSSESS the elements of
recupeIaion in business point of view. The West,
unfolding once more its unrivaled agricultural re-
sources and in the attractions which it presents for
emigration and settlement, we may reasonably anci
pate another stride in its progress and at the
time material increase in its wealth Accompanying
this we are to see increasing business the great
thorOuglfares which open up the country and bring its
products TO the seaboad for export, and for consump
ton in tie populous districts. Thee facts which i'm
press themselves upon the minds of intelligent men are
gradually working restoration in the value of rail-
way property, and they at the foundation Of the
Of late established at the Stock Exchange
While however many descriptions of bonds aud shares
advance upon substantial grounds, the of specu-
laOn carries along also some which scarcely claim
to take the rank in values assigned TO them, upon any
basis Of present earnings or. immediate prospects |
This lack of discrimination is one of the foes of |
speculation which cannot he controlled but which in |
time will regulate itself. Generally speaking, the |
times Frightening for railway property; but there
is as much judgment to be exercised in regard to the
lines as in other investments Every line of
railway, well located for participation in this recovery
Of business must feel its effects, and We may count
upon growing traffic with as much certainty as upon
anything which is not already an accomplished fact
We have received from Albert II. Nicolay, auction
Ger and stock-broker his sem-monhy prices current
IF stocks and bonds, giving the latest quotations of
ecurities as well as other informa'ion-copies Of
which can be obtained gatutously at his Office. No
y William street.
The following is official statement Of the business
/ the Office of the Assistant Treasurer, L. s.. New
iork, during the manth Of April 1860;