New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-04-03
Since Jan. Immune. sH,ssO $50 saOs@ ssa saaesse
Messrs. Taylor Brothers quote Lard Warrants IS
The statements of the Philadelphia Banks for the
,st two weeks compare as follows:

The aggregate circulation OF the ililnoh Dahks
thrown out by the Chicago Banks yesterday, wac on
the 3lst January s3eOs.27O. Adding this sum to the
circulation Of the nine banks which have been dis
credited and undergoing for months pact the process
of liquidation amounting January 81 70 4ls,al and
we have total of S. 026 GAL struck from use ss part
Of the Illinois circulating medium. This deducted
from $40 800 694 the total bank circulation OF Illinois
at the date given and the sum Of s624,Oo3 only re-
mains These bills secured by State stocks, which
must be pressed into market for sale if the dscreing
movement is followed by return Of the circulation to
the State auditors for an exchange for stock.
We have been favored with an advance copy Of the
annual report Of the Michigan Southern Railroad Com
pany for the year ending March j. Upon assuming
the management Of the road the present direction
found large floating debt, consisting Of over due
coupons arrearages psyrolls, Judgments and past
due and early maturing bllls-payable. They al once
addressed themselves TO the proupt reduction Of this
pressing class Of liabilities and early as August last
through the effective exertions OF the yicelresident
arrearsges the extent OF 3Sl9 ~ due on pay ,
ros for labor and other liabilities, were paid of aud
yeAarious attachments removed. In judy last, the
direction resumed the payment Of the over due cou-
pons on ali fret bonded debt Of which
elias. Of sbr' prompt payment has always since been made
III. floating debt which BY the l .unull report stated
pei statement amazed 10 SAL 81 'Ieue Of the over
due coupons Of the md Hortssse aud plan bobjs ,
Tn. policy adopted IL October last progressing salts
f.rt5y fuudns the due second conpups
,nd those November 0 and May lb has been accepted
TO S os S1 ssd reducing II. sosas ds5 " would
hsvs stood this tine bat Anticipating lag item o. tie
pay able earnings during the hscs opening
relieve, the Company Of the necessity for Povdhs eAh Fa
MAJORITY, lc~I,s q he plain bond and The coupon,
t,to Detro
the laEs payments made in liquidation Of .bs
ao.n dsrt the present Direction has Increased ~, tou
70 ,he shiinE August by The addition Of sss 90
or ib, o. ond bond. III. property Ofthe oowp.ny
and lheodsd IN ths set s 90. .. bio !, 70 81
withheld by the b.ns a. apparent on the following "ne
On tie M Of Angus, last not. for 81. slo - Of the Com
pany, held by bank M due s31o Of our Ssooui Mort
gag bond hsS ben geo, N o. ' s 10 Is
was paid and the eoses demanded The bsht ae-Phus the
sop 3, .hs Collateral ,scui,is, pd,s6 scory beT on
,b. plea that the bsnt held 'oSs oioqi sesons Assse
ins. hav instituted syansi the bsnk By this Company b
.5dion the dae,no. the y.u, Of bond thr
lin. l.gG detention over their Aiet value Al the
m, Ist annual report enumerated second msrs,sr
bond, Of IA. Company and Detroit Monroe
sons .@S1P1 90 o. be.s I sonS s. .i. n G"am a
d.cr,p.ney sIi-d between the .ntnr fond bond. &C
by them the amount stated to be In the nhIt fund IN
the report -,
sIs2 o. Of assets has been reduced 100 600 By
he p.ymrnt 10 the Detroit and Milwaukee Railroad Company Of
th, b.p.r An made With that Company for
depo .iosnd, tfsts &C. Detroit This amount has been
CHARGED Detroit Monroe and Toledo Railroad Co
This concludes q modified and adv
sr an entered between said Companies In
Deceber 1885 valuable privileges and sccommods
op, 10 tho Detroit Monroe and Toledo Company ahording
lease roadway and tsk OF the Detroit and MIL
,ukee Company for q miles In the City Of Droit extend
i from Of sad roads their depot grounds
The Detroit River aud cone the light under lcs. 10 the
np.ury of 200 fee, Of dock with venien feiFhLou.e
for and also the Conveyance
IN fee Of valuable roon Of the depot grounds necessary for
m, uroper Of tho business Of the Company
The concluding remarks Of the President are Us fol-
lows:
From wis, ha. bssn herein stated and from the exposition
made m the tables and statements Of the business
IN an, road economy psoced In IL. working during the
mast Il apparent that the holders Of s.curs
anticipate early liquidation Of the balance Of the
eo.ng debt that the second bond
receive the interest falling due 10 Noyem
her u.I and thereafter natures Tho stockholders
.o hone Of dend sf-r the abolition the
floating debt The policy that has governed The management Of
m. during the past will achieve these
plt. for our .ecu ty holders and tockhod. the funding Of
coupons now An PROCESS carried out BY the bondhode to
the business Of the coming equals that Of
the past year -
Can