New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-04-23

the Lake The product 10 March was 36 TINS, and In
April win NOS fall much, If any, shor. of4o tups This
IL the best result ever attained at the mine since It's
opening BY the last sdvices from Australia reported
by the America, we notice that Copper was irm and
in demand at $500 per tun.
The foreign news by the America is more satlsfac-
tory in s financial aspect, although in fact later
than the accounts by the North American. Baring's
Circular quotes money as slIghtly easier. The Bank
had los. 1855 600 IN bulbon bu. these returns are
not made public until week after they are known BY
the direcorsbeipg in fact the returns Of the week
previous 10 their date-ws conclude, from the easier
condition Of the market that the advance in the Bank
minimum had arrested the flow Of coin to the continent
Consols closed at 99i for money, and 94 @94t Tor
the account. The commercial news by this steamer 10
not important, as the markets were closed on Good
Friday and the day previous.
Nov that the New-York Central Railroad is not
threatened by either "Tol" Or "ProRats" bills, us
business and prospects begin to be discussed In the
street. In the year 1885, the net earnings OF the road
siterpayment of expenses, interest," and snkiog fand
were 95l 63i; from which, TO satisfy the conserva
tive spirit of the times we deduct the amount charged
TO construction account during the year, s2l6702,
and the net earnings are $l734932, or more than Vt
cent on the entire capital stock In the year 1852
the net earnings after the same deductions and taking
ont aso the construction charges Of sos 1876, were
81 500 40 or more than 81 cent net on the s.o;k
Subjected 10 critical examination it thus appears that
in two of the most disastrous years in our rail way his
tory the road has siry earned nearly cent on its
stock. IT, with paralysis in It's Western connections
with aoguishing business throughout the country,
the road does this may be safely cssse1 among the
best Investments Of the day. The present year opens
with great promise The local business Is constantly
improving, and the through traffic, which has suffered
the greatest decline, is gradually easng. The gain
in three month"; estimating April at s5O,Ooo, viii be
cent on the capital stock and at the same ratio OF
increase deductDg expenses at the percentage OF 1882
the earnings of 1860 are likely TO exceed v cent
There are but few of the bert railways in Msssacbu-
sets which are now selling In the Boson market at
from 100 to 1l2 which can make better statement
| than the New-York Central for two years past, or
which exceed il In promise for the present year.
We annex card from 1fr. Z. c. Ltchfeld In regard
to bis connection with the Mishigsn Southern aud
Northern Indiana Railroad. We publish 1t as an act
Of ius.ice 10 Mr. Ltchfed and far as our acqusnt
apce eoes with the matters treated of can confirm fully
every statement made in Mr.. Litehfed's card:
rs ne Editor Of The ~ y. Trbune
SIR: NV attention has been called to communication
in the financial column Of late number OF me EUsanS
Po nublisbed during my absence from the city, pur
porting TO be in reply 10 card OF George biss, esq.,
President of the Michigan ,uthern and Northern In
diana Railroad Company In that communication the
following paragraph occurs:
ore controlling power the Board Of Director Of the Misagaa
y mh t sDy 70 be- Termed By
c. IshSsid who now, ana besaoI year., with the
ae E e I'D o s SG he and
.nnn H. aud ons can or ought Know this Deter nan Mr.
D Lest sny one shoud b msled by this palpsble mis-
statement deem Il proper to make the following cor
reetion:
,erminaed In October 1856 Up that time had beea one Of
the active since that time have not occupied any
he %os any contrib relation except for
period 81 thar four months extending from May to August
When nv connection with ceased in 1885, It's capital stock
n nsss H. stock was hs 4:
.S IT. p1cs ss M
so IL s ad iI Ss Sns during all which
tim absent lom the country and had no ps IN the MAJ
Oh is Ss oI capita s S ss ana o.SS
For re os .. sna as e sns
o sSp.ents& in May :s to sss S os IN ths .. q@ tam
j.s' "e.$ yoiun.si Is.:d rom il. a.,
Second During cha. period Of es than four n2ntss the sos,a
and Ss So.a aones which
every dollar OF which debt had been contracted any
sfency mine while acting msnagsr and was not
the county The 500 600 sboye msntioned vas pro-
ydrd Capital stock and did not add TO the Compapy debt
Third repeat therefore that my connection with tho man
sgsment % the Company really ermna;ed In 1852 when ita
sioek sud debt sbiiei es than sl3ooOo and was
pTospafeds IN all its affairs.
true that 1888 consented 70 be elected Dreeso;-nos
with view ofsan tai Office In the Company or being
Of the word Of s active On the
y consented 10 be chosen solely because then
uou,y and unjay ss:snsd ia the public prints oy parties
who souRht TO obtain contro OF the Gomp.y and who an-
81, that that their best % attain their object In 1889
by letter addressed To the Prsden; Of the Company post
lively declined reflections bat as was not Pre.ent 2: the
stocsbolders meeting, used and was chosen,
without my knowledge consent Daring these two years
managers exercise control" In the mansgemsntas
contrary ny other engagements have been such that eonne;
ton with this Company has been entirely nominal
Fourth make this staten emit not with view to reflect upon
any upon policy Company or OF any
Of Us aimee 1885, but simply that those who are bot
liar with the facts be med by suh misstate en.
those in The Post to which have referred merely add
have taken In the pending with
view to the elections and is perfectly well that
prefer again TO be elected meuber of the Board:
hetc. York, April 81, 1860 EDWIN c. LlTCHFIELD.
The movement of the Coal trade for the weak and
for the season. ia az follows:
TpsSAGE OF ASTHR ioITs LIyEs TO WATER
1860. 1859. 1860. 1860.
Week. Week. Inc. Dec.