New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-06-26
To.al. ............
| Of this Is probably lost.

Most Of this is probably lost.
The new line from Hawley to Lackswaxen. on
the Erie Road will be in operation June !, lS'3'
Work has already been commenced, the line located,
and everything necessary to its speedy operation Sc
cured The Erie Company, from this trilic acquires
new value, aud viii soon rank IA one OF the lead
ing coal transporting roads Of the United States
A morning paper Gays:
We un1erseud h., Gov, Morton of lndani end le non
Je.sA Brown loan Commissioner. have Informed me b24i'
Of Brokers' that they viii recommend the Lcslsls,e ~
diana redeem all the bonds o,he so'er Issue III o
OF innocen. parties .., H.
The Boston Post of yesterday furnishes the io'io"-
iup information relative 10 Lake Superior Copper
Mining Companies:
cons "a verv firm nj % cen,s with upward tendency
" ti uegent price even holds. some OF the ~
s,tcbd l. srn at nom 70 to II Pitishurg which siil
p,y a dividend IN August l. hrn 81 ~ NeiioH ' -
din' at % bid the mine ], lfpOiue' ,ge oeincv.
il j. now .sid viii probably pay dividend OF IT,
dollars n Noyenhe pefhap- not nl January 's in Wy
Tor May bat IO7 tunsi the Fe"sb.t g. g Gu
=. .he Quincy aud he knowing ones loos Tor dVdfnd ~
Fall some hove been looking ior 'ons ''ns nr',
rrodnc, May - tun snd he mine Is 'osine "e
se Royae product 81 tuus which l. not eSPec Ell 20 De IN
creased for tao months tue o's On. l,n ois " ~ ~ -
trail has been steady VI y Upper run On r' 49,
on small rroiuct Rocfiand has sdvincsc rie ., ne
mine I, expected to ooA peter soon haLe".I 'gc,ao
promising mino considering the price OF the stock on Lake
Superior.
The honorable efforts of the State auth rites to
provide specie for the payment Of principal and inter-
g., of the funded debt Of the State seem to have
encouraged some New-YoIk bankers TO claim that
the Temporary revenue bonds, Issued under the mill
tarv act of last year, and held by them, should be
maid in The same WAY. We give below the cores
pondence between them and the Controller upon the
subject:
NEW YosK Jure 20 1862
To he Hon. Lrcius RoBlysoS Coanen,y:
SIR: Having recently learned hat il Il IN contemplation 10
psv Of the Newly ok STATE yer cent Controllers Lcau -
81 oJ COO maturing let July next in currency while The
ia spece undersigned holders Of raid stock, beg leave
esectfuy 70 cPre.ent that when they subscribed therefor
h.v had no reason expect that the State Of Ne~f ok
would u1on the maturity otbs stock d. part from The course
which il h. always heretofore pursued with ,ucA ben nc A.
effects upon "a c,ot 81 aylus ~ lno.DIe''s W. sf'ls,
when doel; and hey 81" cory 70 cAih VIZ a. 'fi "a
likely to be drawn between the osn held by .hem and the
other stocks maturing ~ ~" anne ume or th" gut
tho it will he fem5ured hy money, collected b. tho State
..oin the General Government.
This would hardly sufficient inanuch as some
Of the hoder expressly informed At ihe ume OF .np
crbingts they would be repaid 10y tx 20 be levied ssi
wear upon tue property q this state Moreover they could
Al thst tine have invested thsr money In u s. G0vc!nuen,
stock e, from 10 10 Is b cent below ptr.
They respectfully r,qus; shat you viii give III. foregoing
spegostioua consideration and trust hsi there will rot be
has Away. Hitherto Characterized the dealings q the State OF
with the holders % IT, stocks and which has Just
enabled il 10 borrow upon such advantageous terms.
Very respectfully ours,
Vb.elv-riaht Prelent OTeelssich Bark. II. Tiles
ton President PiouiE Berk D. 1homp,on President New
York Life Insurance aod Trust Coi hm l. Jenk1' os,ner
Rank Of America The seame's Bank FOR sewing by Wu.
H. Macy Virere,ident The leather Nanuisciurers Bsns
by " T. Palmer Cashier g. > Robbins a Sons Tue Com
1ut; The Nassau Buuk NJ. Hahn, Cashier; J. J.. Eyenu
Cashier Brosdway Bank Wilson g. Hunt Jo,efh LswIeuc.
ntei st-t,. Trust Company 81 New-loIt, By John A.
''e"'''' SAFE ~ Nrw.YorE Cov1soLrrn'. ovvrcE,
hLHsvr. June I'd 1902,
T, L. r WHrgfwEIGHT esq, ff.sldeu u ~. blreuSi ch
Btrk T. TIr,roS. esq. President o. the PhrniI Bans.
GESrrv~r,: have ,c.d AID carefully considered your
Letter Of the 2oh inst n selliion T. io Of " cur
at ia.s.d April H. 1901 and hirs due As hIs Gsy o. July
next you seen not 20 Be- awr q ths fe'on ~h thee
respectfully invite yonr senon 70 TIE Distinction which 80
In ~ r pi,ca th bond, A., only bonds They
upon their fsce thu they age no psr 81 he unird f
~ tie STATE bat mere ts poisy 10y Va ~ ll'
viou.y lowed Auc 90 be td 81 eeeir nf ihe az o
scied, IKE she Ordinary .tIrses Of 40 po'onrrrt Ity
e-e Al nuch higher rate n interest ben orr Si.e stock.
usually sud were rot uanefsai' hAe 's" sioe a.
the srcncy in Ssw-Yort
upon thfm io the United states tnd no To- ~ STATE o
New Ya.A. Ihs hrs. lie upon every bond aT tie tae f. p
~, ne uuhlis drfefssD Zach bond also r.frn The
under which s. sred, the sole object 1 ~lfh as
tsse troops % be mustered into le eIce = lie DOTTED
states The money vs. u be ed ard "m used !oT int
purnose and fos no other.
adi, ts heu yon took The bonds you hld "a
expect thai they would lot De pi in T~cie u es fe bn
voy also sdmi you had reason g. expect ihai M
which thtT we're mostly tsaire Ng.th hfIfh'
n.cie psvmeats Will thrr vaults ran oi spade MOI
hst he tn,d States would usks irsaeesau5e Treasury
esl tender u payment Q. TIE tai upon "heh the
were issued.
Tie loan was for the Uu Cd s'aes Is 10 be p,d de
sired ~ the currency % tue Uritsd ,aiss j. held mott
by banks l. be psd IN tie currency furnished by tn
banks Il was pnfchnss o. Ia the same tsI j. 20 b. pa
o,e- A. /, 10 receve without incTcsse dnnuion Cai
ANYTHING more Justly demanded Of Tie state j. IL
it pledged thl ond The collection aud pGyueu
over ofthe tex spe-ihed 10 tie bonds.
Since the susTcnscu Of specie payment md hOn the frs
DAY OF Janrary ln1 the Lr Of Jolly uez both n~us
the state viii have paid principal aid Interest o. lie iunt,
deb. over 10000 n coin s equivalent Thit j. sud-
Gent evidence the deire and d.eIn lon Of those - h
are crIgtd with the Management Of It, financial sftr.
preseye its high credit end honor nsntt. Bat the.
are Of opinion that they er,Iee large lbrfty when the
make ues twohfdA IN amount Of tnese payments 10 bsnf
which refu,e 20 redeem their notes in specie.
should they It'll farther and pay these revenue bend
In specie when there 10 be no Obligation Of duty o
honor reoudng it, would the payes have light
complain o. i3imticc 70 them
Wb the hope that you will hrd these explorations faii,
fuctor, have The honor 20 be
NeTy respectfully youa,
/ LUClCS ROBINSON, Controller
Receipts ~ Produce.
~ H. a