New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-03-21
is reputation and ,ruo interests as tho following in our

Sta reputation and rue interests as tho following In our
NewYork dispatches:
Of convertible bonds Some Of The directors deny oac
knowledge thereof bat il spears That there ecvsmy. sao to
To block this project believed that new issue will be made and
their position in tbe North. Western Direction
The disreputable and swiudlng practice OF Issuing
stock and bonds order to prevent the party In power
from being outvoed at an election is so manifesty
fraud that wonder the courts have not been success
fully INVOKED long since To put stop 10 the evil Inc
residence Of the Northwestern Railroad Company 10 IA
Illinois, and its election must be held here. we 10 n0t
belieye any court can be found In Illinois which would
not promptly annul any such fraud. The case OF inc
Erie Road proves that 1t IL beginning OF vlllDy @hch,
when entered upon, has end short OF the complete
surrender OF the rights OF the stockholders 70 the Ocer
in power the forfeiture OF all dividends and the gradual
depreciation OF the value OF the stock un u Is worth
but little than the paper on when u Is written.
partial imitation OF tue Ere pollcy was recentH
carried out by the Rock Island but, II such precedent
are allowed multiply, the era OF corporate and JOINT
stock companies will soon come to an end should any
such fraud be attempted by the 0icers OF the NoI'
Western trust for the honor OF our section OF te
country and its courts IL win be promptly ioied ana us
authors punished as they deserve. We also call the at
tenon OF our Constitutional Convention TO this class OF
dIsorderly proceedings, from which the general pubic
suffer quite the stockholders OF railroads. IN.
asInuch Us the charges OF transportation are always
fixed TO pay dividends on the FICTITIOUS STOCK thus
created The Committee Oh Railroad Corporations nave
reported an alright section to prevent and pr0hlDt
such transactions in the future IL should be adopted
unanimously.
The Wels6oro pa Agitator says: There seems no
doubt Of the early completion OF the Welsboro and Law
renceye Railroad and there is good reason to expect
that the Jersey Shore Pine Creek and Buffalo Road VIII
be built at an early day. II the owners OF Wild lands
along the route will do their reasonaDe part 70 aAe ~
success. The Heating Estate subscribed lOWO acres
All that is required to insure the success OF the enter
prise, IS the local subscription asked OF iOoNo
tiguous lands can afford 10 divide with the com
pany for acre. for those remaining 10 t ,he
owner will be worth from $40 to $50 per acre me
moment the road shall be opened. The grades OF the
proposed road are very Light ana ne IT, r s&1e We" 9
try almost Inaccessible at present. yet very ricn IN
mineral deposits In the time to come u Nil 20 iou
that the country west and southwest OF PINE creek Is
rich in coal which may be pro1taDiy mined. AZ Que
point there vast quarry Of gypsum and IRON is FOUND
In every hill Ores OF copper aud lead occur IN severa
localities and quarres Of beautiful building stone are no.
unequent IL now looks as u co miles OF Iais 1 the
construction Of the entire line except II be inc refusal VI
the landowners TO do their part coro, n,ooct
The niuaory step in the Beaver and Erie canal proect
has already been taken lin the Pennsylvania House OF
tho company to slackwater the OHIO River from ftts
burgh " Beaver and issue loan OF s60oOOO HAVING
already secured the necessary legislation Tor Tug
the canal and securing the passage OF inc ABOVE e.
sure the next STEP and the one which Is creating 20
tho taking from the Sinking Fund OF the treasury the
s6.OOOOOO Pennsylvania Railroad bonds and suDsti.
tuting with the 100000 which the company
Is asking the power TO create-Wlll be taken
The following the exports exclusive OF specie
port NewYork to foreign ports for the week
ending March u.s. and since the beginning OF the year:
g,, til, y,,.... t lsss;s &c. sse s@ +,
Since January L."... $36.5aOl2o s3277259 s1a6%Is
Price Of gold 10y 1917 iis
The following shows the imports OF foreign dry goods
and general merchandise at the port OF for tie
week ending March and since the beginning Of the year.
For The Week 1SOS. lS6D. IS1V.
Dry goods. 5o69JD fkbl9Vto rI',ES'~o
General merchandise. t.OO9a7 JtEiDl Jtis5,"'
Total for the week. S75I6llT 4o.2WWl H42SSt
Previously repOr.ed.... B,5iS5SO t,lJ9,49 so'|"J"s
Since JAM l....s 514l4667 se2s29s s6I,al2@s
The following the dry goods imports included IN
the above, for the same period:
For he Wsek 1S6s. 1861 lS1O.
Entered the port........ s. s50 s269Qb sLs2S45
Thrown market......... l,Ssdi09 2issfIH zO|3Vs3
Jda. l.
Entered at the OH SCI s26ol5is 426773e93
Throgn on market....... 20,46,4I &SJy,H blRJl.@
The exports of specie for the week ending March 10
were follows:
Total COR the f5U4yl
Previously reported oyOo,'of
Total since Jan. J. So,bIt@io
The following is comparative statement OF the exports
OF specie from the port NewYork foreign ports for
years. from jan to March TO- 1870 and for the CORE
snopding neriods i'm the underuOted