New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-12-12


contraction but this delay is not considered Of i'm
portance. The Treasury is in no condition to con.
tract the currency, if the House and the maouty OF
the people had not declared against It, aud VAL
hardly attempt that policy after 50 vigorous aenoA
gtration has Teen made against IT.
Exchange is quoted as follows; London. co DAYS
1907 alO SIGHT lOs. 10. Paris, long, SIC. a5i5'
short. 5ls2 a5lG!: Hamburg, $3.50 Amsterdam
N!QN!: Frankfort, AaN!; Bremen 79@7vs bli-
I'm. flG72.
Tine following was the days business at the ONCE
Of The Assistant Treasurer Receipts for Customs
t:sO0: Receipts Tor cold Notes, s34i'OoO total
Ecceipis slliJ.Il So total Payments Sll1"o~0 80
Balance siOG,G0,2c3 Il.
Fr,irl,,s are duh and rates are lower. ~ Liver
pool. $50 bales Cotton o. sald. Sina'i 'o' VI ~
bacco az 4os and by steamer $50 bales Co'lOn q" s@
3D. Hamburg bark to BneDos AyIeS a. Iounu
sum.
Tho f,l,ovi,r ticket was elected to-day at the
Wi, C.,i,al Railroad election: Cornelius
Vanderbilt Of Ncw-YorS; Chester W. C1aWn OF
Snr,,,cl1 Mass: Daniel Torrance of New-Nork;
w ,i;or, n Vanderbilt Of New-Yorll Amasa Stone,
ir Cleveland. Chic; Horace f. Clark OF New York;
James H. Barker Of Eew-YOrk; James +. Joy Of De
tpoit. Michigan: Augustus Schell of New-iork;
Samuel =. Barger o. Nev-York II. Henry Baxter
New-Yorl5; Joseph Harker New-YOk; William A.
Nissan, New-York. Inspectors of Election; Sidney
+. Fairchild. Albany; Lansing PTuyn, Albany;
Nicholas g. Ia Ban, New-Yorli Cornelius Wander
bilt, President; Daniel Torrance, Vice-President
Upward Of 100000 Of stock was voted on There
was no opposition
A fall meeting of the bordhOlders and stockholders
of tie Sou INVEST Pacific and Atlantic and Haciic
Railroad Companies was held at their Offices, No. %
WRi.an.st yesterday "Wednesday. and Aessrs
Benz T. Bates President Of the Bank OF commerce
Of Boston; Clas II. Dabnoy of Dabncy, Morgan d
Co. and VIM. A. Stephens Of Ward & Co. were al-
p,;ated q committee to arrange with the State OF
Missouri for the surrender to the Atlantic and Pacific
,ilrood COMPANY Of that part Of their road recently
sized hy her authorities and to complete arrange
rn>uts for immediate and energetic work on the con-
sructon of the Missouri division Of the Atlantic and
P,.,iEc Railroad.
The election Of directors Of tho New-YoTk Central
I.ilgogd today secures 70 the shareholders an adj
ministraiou more efficient than the past can snow
AID guarantees dividends which will soon take the
shares from the arena of speculation and place theu
Ike tie shares Of roads in w-Engand, ana BANK
shares. among the most permanent and desirable Of
Investments Commodore Vanderbilt, Who IS now
the manager OF the property holds an investment
proport ion Of the stock which makes IT certain that
tae property will be managed as Lis other enterprises
are with view 10 permanent income, instead Of in
edcnta pickings, which in SO many roads enrich the
managers at the expense Of general shareholders.
Under his management we look TO see tho system OF
free passes wholly abolished the commissions paid
10 freight and passenger agents abandoned These
practices are abuses which can only be reformed by
man Ike Nj vanderbilt WHO'S above the necessity
of Numbering q road and resolute enough to keep
every subordinate faithful to bis duty and content
with bis stipulated salary.
The new management Of the Enc, acting IN ha
mony with tie Ncw-York and Pennsylvania Central
roads can now free itself of the parasites which for
years have Slapped It's strength, by absorbing IN com
mission its fr gt and passenger earnings and by fur
nisling supplies at dishonest rates. The payments
In the form Of commissions freights and passenger
t,fjc on tho three Northern trunk roads are stated
10 reach three millions per annum, for which the
roads get nothing Mr.. Eldridge the new President
OF the Erie has already got the affairs Of the Com
pany well in hand and from the gross traffic Is OBJ
tanning q result which gives the permanent owners
OF the property much satisfaction. The sweep IN
Ksw-York Central has been clean, except Mr.. Baxter
All the local directors have been dropped, ard 1t
looks rs though tho road is to be run upon business
principles, leaving politics and the Legislature
wisely alone.
The following is an exhibit Of the earnings and ex-
reascs OF the Union Pacific Railway. L. D., for the
month of October, 1867
EARNINGS.
Total Government Business. sSl6lI 5y
Merchandise aud Passenger Iruic. l6''.9' ol