New-York tribune., 1867-05-23

ia frufu
at3n ao and even marked concessions in some lines Of
Goods fai TO attract purchasers IneIe Is tnt3
mer months and there are no encoaragng RaUIetS S S
even fairly active business uhtm I nGH. tS farmers have
oof made much progress In cOrDanhg Iue S
from lie Winter wheat are exceedingly cneeiluI, u a
ld no Juno frosts or other disaster occur, there are
- doubs that The yield Will be large ana lne qaIly
Ie1t all over the Union There probably never De
reat necessity for an abundant harvest as there
\, his YEAR should turn out equal to orr aniicpa
tions much will be done toward driving away me stag,
oftSS of trade. e. 1850,
The shipments of PittstOn coal are reported as Ioi
lows for the week ending May is, 1867:
1feyiously 23ioo 1uns
To same date ls6S tuns
,n,..,so ..................199e5It tms
Tho Iowa and Minnesota Railway Construction
Company are rapidly progressing in the construction
~ their lines of road from New-Oregon, Iowa, to
Owatonna Minnesota. about S. miles. This line OF
,ailroad runs through the garden of Minnesota, and
connects ST. Paul by rail with Milwaukee and Chi
eago. It will be the first and nearest connection by
raiL They have now in their employ constructing
said road about 900 1t is expected 1t Will be
completed in October of tins year, IN time to move
the erops of the present season. In anticipation of
It's completion, the farmers on The line have put I'M
der cultivation many thousands of additional acres
tributary to this line of road never better at
this season of the year than at present The line OF
road when finished, will belong to the Milwaukee
and st. Paul Railway Company.
Attention is called to the advertisement OF the
bonds of the st. Paul and Chicago Railroad Com
pany. The security offers unusual advantages to
investors, and the projectors make promises which
cannot be fulfilled and exceeded if the past is any
criterion Of the future. The Illinois Central, prior
TO the Rebellion sold its lands at average of $40
per acre. At $40 per acre this road has estate
worth S9,0OO,0OO. The bonds are offered by house
net accustomed to place its own capital in uuproft-
able adventures and guaranteed by one of the most
Substantial trust companies in New-York.
The following communication from the counsel
of the Milwaukee and ST. Paul Railway Company
gives their view of the effect of the recent decisions
in the United States Court at Washington. The case
is so much involved in litigation that anything
which gives information to its stock and bondbold-
ers is of interest, however extended.
10 f< Editor Of TRs TStb1m<.
sIR In your paper Of the 18th inst the following state
meDt appears in the money article. m
and 81 Paai Sad Milwaukee Minnesota r Of
cow s5eea party Scads r Matthew Carpenter of Milwaukee
NeTYos the latter taking the leading parts the arguments With great
There he been four decisions Supreme Court Washington
w,Sr S % 'n ,ss' @ e T s1ss a3i s Ss sS f % sG1 s.
the Minnesota Company the rolling stock OF th La 'oe
S & -. e be sI9 6sstS 81 ~, s B2duS sS outsr @ S
I No s tie confirmation Of te s.le of the
Western Division OF the La Crosse Company upon which tae The St.
toe affirmed the decree Of Of the Western piys
S 81 1s s Ia 81 t's P %iSh @ & rev Of b he rolling stock
Two case. we're sSed on Tuesday appeal by TIE
r,uy fso two judgments directing delivery the rolling
sdgs Of over $4,000 gan ,ne ~ raui company % Ds use 0'
NJ bn1 phlrrp Of
mencerncnt for Milwaukee and ST Paul Railway Com
n order 10 correct certain impressions which
have arisen from the publication Of your article. A..
an order OF the District Of Wisconsin confirming The
MarshaFs report OF sale OF the western lC5 miles O the la
The decree of foreclosure and sale was made by said
District Court After said decree congress extenuG@ @ e
the Circuit the equity jurisdiction heretofore Dei9ngs @
sae, Congress passed another act etianslerIhg 70 he
Distinct Court power TO execute final DEGREES when hd
been rendered Ia said District Courts Under these cir
snmsfances tho Circuit judges held that belonged TO
the District Court confirm this sale aud was so con
hrned Some two years after the eohhrnatIoh, INC ,1 9
nesOta Company took appeal from said order Which
the Just decided. The only question before the
tourt WAS which Of these courts should have con
drmed this sale The Court held that belonged 10 me
Circuit and renanded the case, WIN directions 10 ,ne
Marshal to report sale to the Circuit, Tor coAhrl-
The rronriety fairness or iusness the sale was not
ouest6ned no rgit of PROPERTY was decided or in
Aon only the technical questions above haled
ThsQuestion OF confirmation comes up at te next TERM
OF the circuit before the Judge who cOnnrIbed
four years since the district court on the same record
and facts that we're then before him. . . G..
No damage can therefore, possibly result to the 81
No 2s Wss an sppea by souter Knapp, survivors Of
Greene c. Bronson trustees and ccmplalhantr, ~ tlc
same foreclosure proceedings, and was brought ny eiu
~ such trustees, 10 get the % % e. Iit @
Court as 10 whether the noIt gage anu aecre III y ' -
road Jhey did not ask for reversal oi tle 1tyie'
clt ia tho contingency that the court shOuo & %, ot @ 9
opmDn that the mort gige did cover s1id STOCK hi ,
MAS not included in the decree. Their first ana primary
positcn in Tie was, that both t1e noI'g&as1 & 'e @
n oeH fuelu
eourt should 50 hold and affirm the decree. A., ,,
Eight judges were on the bench ana me nead1 M t h anes
presented No opinion was given ana me usciSe G
stood affirmed by operation OF law TINS was not & oe
esop AGAINST the ST Paul Company, but left the ques
ton undecided and several Of tho judges IN the the 6 aIS
remain undecided so stated from the bench ~,
10 was an original application IN the supreme
for mandas TO compel the circuit judges 20 feet Tue
st. Paui Company deliver 20 the Minnesota Company
the rolling stock in question Ihls was mot noceed i'm
the execution Of the Decree which leaves the ~ e
Court at liberty TO adjust te EgIs t anu 20 & TIC Of the
b. Paul Company said rolling stock b nj has
becr duly con6rmed and under which the ST. PAU Sol
pany now IN s oMde Co,nnsny ever Owned
No a5s j. an appeal by the Minnesota Company from
Crosse company The only decision inade an tatt Sse
reedngs on The decree directing that IN case sald
Minnesota Company should wlt d a, hy sbn cpap ~
supreme Court That sSnud SG he SesTS
should then be stayed nsi te sp Pn omnaDy in nv
This decision docs NOT "ioN' '"0 S ~ ~
manner whatever. - 90 - . 40 -oro .ro,,od % tho
Two Ssi ~ 1r and viii not be decided until December
next They appeals fren decretai orders: -,
One Si t@ee eT and 9 box and Dat cars 10 the
Minnesota Company by the 81 Paul Company The other
into COnrt s COO for the use Of said rolling stock 10 pc
applied in gayment Of interest que on te X fs
litigation regard it entirely certain tat these de
must both be reversed and feel no apprehension OF