New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-10-29

from the Treasury Department bearing upon the
subject:
GyyrIFprr: Your letter Of the 20 inst has been received
- a. r,cna, Of the loan Of 1902 which becomes due
UeeeIber next, vii 10 paid ia coin or legal tender notice
Tie lnterest accrued In that time viii be peii IN gold
1sm' very r''Peip t,igy;eTtry
Acting Assistant Secretary Of the Treasury.
To AI1rs warEKs Co., Rochester, N T.
The sale Of tho ives. section Of the La Crosse and
Milwaukee Road Included the land grant, at the su n
Of 800 COO; and the railroad ard appurtenances
mortgaged at the sum of 100000, to Isaac Sey-
mour, Frederick r. James, aud n. A. Cowdry;
heee purchasers PAID in addition, on the sale Of the
road, $500, 900. The whole sum Of e., 100 600 was
paid in the bonds secured by the mortgage, except
$50 I0l 81, which was paid in money.
Exceptions TO tie sale and motions to set il aside,
were filed on behalf Of the Milwaukee and Mnne-
sofa Railroad Company, the boDdhoders Of the Hell
Geustein mortgage, Frsncis Yose, and Others and
were argued with ability.
The objections to the confirmation Of tie sale Of
tho lands were sustained the lands not having been
designated by the Government according TO the d.
rections Of the grant Of Congress.
Judge Miller, in his opinion upon the question, in
COLiirUlDs tue ttlc % tl4o tViAJ ts,r
To the scheme Of TeorsAnza,ion observe the OF
F,soc. Vese appended party. il does not become him
70 object HE and tho bin he mas brought In
60 cannot say die confirmation she -ale IL appears
no IN. con ar active pat prosecuting this 6nal
de-r,r without setting up bis claim s should inen have
done A. by bill praying reforming extension OF the terms
cf he Inosgs In tho Sliced agreement between himself
and tho rsTosd company ses forth In hii BILL and they can
a.f-nd ssainst It, or not, Is they please
WheEer the Purchasers intending 70 fern an associs'
ton connect 10 road purchased with the w esein
Ifatfo Of at
aid 70 he CHATTER; but under the leg,sfion ofhe sae,
hsi DO Of eafrcing my wishes The a~ ofhe stae
road the Court refsss at 20 the CONTAMINATION OF
tho contract deny tie sh OF ee NOR sesoes to pa e. asa
he auIe control the sstii here complained OF
II 10 erned that there was 10 Oour. 70 apeIintend me
month OF January by lhe District Court having Circuit
Cou ursa iion. Tho sale advertised 70 take place In
June The Marsha adjourned the sale TO the Hoih OF July
On tho I OF july Congress passed act repeating tie Cir
t Cont Jurisdiction Of the distinct Court and shin
Circuit Court the Dsuict Judge being made competent TO
b,I be fcu Court BY tho the records and papers Of
he District Court passed into the Circuit Court the hfsl
~ ale on The vround and notified by
Inc objection /, too technical 1t is the IN substance,
le sole had been sdyesed In 'IATy 10 '-ke psce on
An objection being usds tho jurisdiction of the Court q.
hi, seel4 Term the sale have conc udcd 20 defer
.nf decles confirming the sale OF tn- railroad Until the
atod term commencing the first Monday Of anusfy next
IL necessary here to deteinne a the o;o Is Al W hsnu'
Of the receiver who could not be discharged before tta
4 res PREPARED
at on the Coui setug aside tho sale o. the 1e and
confirming tie sale Of tine road
The leading article IN the Circular Of Messrs.
Samuel IIallelt g. Co. for the steamer is on the
National Finances. II contains facts of great i'm
portancc at this crisis and their figures eau be relied
upon 90 correct
la anticipation Of tho annual report Of the Treasury soon to
e made enabled lay before our readers approx
aey the condition II tho neooa nances up to noAr tho
close Of tie prese: month. We not give the exact
figures but statement viii be found TO DO
very nearly acouiaei
thee prior 20 the loan Of ~ GOO
IA Juy 1901 the loan Of that date and thoss author
ixrd by Congress at its last session.
The debts OF the hf.t class viii, pobsby reach
loan zoo 900 made up Of he 3lths Of which about
i1a 90 eco have been Issued $4,000 OO cents due in
1851 $50 900 OF the demand notes. which made
receivable dues Ut the Custom House About onehs Of
these already Cancelled and being reed Ut the rate
1920 daily Their places how supplied BY what
aye termed the 'n,p .ssiie" VI donsnd notice.
Since passage OF the act Of july 6 the Government
has relied chiefly it, demand notes. the deposits
made with several Of the Sub and by the Issue OF
certificates Ofhs latter about sc6 600 600
have been Issued OF tho new issue" OF Treasury notes.
about c $4,000 already in cireuison. The Depa,t
men now paying them out Of the rate OF 4bOOO daily
Of the osss Of bonds known tho o2Os nave
been issued The exact amount OF deposits with tho SUP
fIrGsurers call l. about 500 oO,uu The afSesne IN
dohuess VI .o Department. consequently, viii foot up Is
follows: -. al. .oo
Dsbt contracted prior TO July llsooo 90,
Bonds oeaiilg SO p cent i1,erett......:'.. iS-VVO
Bonds besfn 80 y cent iuteest, payable IN
10 ,t,al. al Observation-Disclosures. t5,0JO.oOO
Deposits wi the Sub Treasury and PaSao'o' e. ae na
Call