New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-02-04

II is again suggested in a morning paper that il
would be advisable for Congress to limit the gold
hearing debt of the Government to $2Q0GO0@0,
that being deemed very proper sum for the nation
10 owe in that form.
Tic gold bearing debt January J. 1868 was s. S0oo2oi
SeyenIhires calling Tor fcr cent .... -jo'4slZJ0
Making total Of s2l
an excess of $l2S,593S2i above the proper amount.
The best thing Congress can do is 10 allow all the
1905 TO be converted according 10 the terms of their
issue. and not play any small tricks The Secretary
Of the Treasury, If he has any surplus, should ust II
i'm paving of G2t 80 of compounds and S@.65, 900
Of three per cent certificates. together $9J9'0 and
If he has no surplus, should sell per cent gold bonds
enough to pay them they mature Congress and the
Secretary should lose no time i'm undoius the inan-
cia bundernade during the Rebellion The first step
should De the funding OF every currency obligation
with gold bearing bonds leaving nothing 10 he cared
for next December but IFS "due bills" called legal
tender. The stoppage Of contraction is one of tho
greatest b.,nlels Congress has yet made, as those
who voted sor VII learn remote day. II Is 20
be hoped that the funding laws viii not be tiukerod
bu that Che public creditor viii be allowed % cX
change their currency debt without regard 10 what
the total is, whether it be two thousand or twenty
i've hundred millions
The Rock Island Railroad Company is before the
Legislature of Iowa fer relief in the form Of bill
which directs it 10 build without delay it, road from
Dcs Moines to Council Bluffs under penalty Of for
fcting the lands granted 10y the state TO the MSsis-
sippi and Missouri road. The consolidation ol the
Rock Island with the latter road is lega!iz.d,
Pr0rded said consolidated railroad company hail also
apply 10 suc construction completion. and ihc equip
tal stock issued and sold hr said consolidated com! y
Tor IT, Ivy or under the direction Of Us Executive COM
Itttc bc agents thereof, since The i@th day OF sop
TENDER as much thereof ~ may he necessary for
that purpose. and Tie issuing and sale q said shares of
tie carsal stock of said consolidated company fun
paid shares and sale of The same for lees tAan Inc sum o
500 Per share by IFS ulccls, arc hereby confirmed and
declared vaiid and tie are. and shall hc deemed
and taken be f paid shares al said t"nso dated com
Petar S' s'd ae 'o Of road from be-, Noucs ' to
Council Bluffs, AID not liable TO- any calls or a-,
Directors % said consolidated company shall postpone
The annual meeting VI ~ -nrlhod- Tor ne election 81
directors thereof rnth tlc ir.f Meo-t day of joue D.
1860. aud that said Board ~ Direction. sla make and he
with tie Secretary OF This state on or before the list
days Of July and january, until aid ROAD D. completed
report n writing. verified hy the President or Engineer
showing The progress ~ soc work. the portions of use
road nushcd, how much un'er contract ana ir amount
expended thereon IA ca.e the said conso. dated com
p9ny snail neglect 10 comply NI,l any q" inr REQUIRE
ents Of Tins act it sil forfeit To ths 7alt aI is Ii
cnse and corporai act acquired 10y "r unar ne laws OF
graEt.d 10 aid ~ the consti1ici"r "i d ROAD OF any
part thereof by This STATE or tho United states held 10y
10y, through under mem. shall be forfeited, and shall
revert 10 this State any Conveyance or mcmbiauce by
said company 10 the contrary Notwithstanding.
The Chicago and N0uL-Western Railroad shows
large increase in earnings the last week January
The figures are
tlo9lso - 1868 t2i22s3 O. Inc. $i27a3 81
The Michigan Southern Road earned The last week
in January
1867 $500 lscs... <l229c 81 2lc
making for the month gain OF $4,000
Lcgai Jci,Grs nt he L0s Of he CRg ~ Acl Ork for
/. g. N. l..