The New York herald., 1875-08-18
WALL STREET NOTES.
MILWAUKEE AND ST. PAUL RAILWAY CONSOLE
DATED BONDS.

MILWAUKEE AND ST. PAUL RAILWAY CONSOLE
DATED BONDS
The Milwaukee and St Paul Railway trouble was thu
described by director TO the HERALD correspondent
yesterday:-It appears that the cid trustees applied u
Mr Tracy, the counsel Of the nnois Central Railway
Company, for advice their duties under the mort
gage Mr. Tracy advised Messrs. Lew s Morton Nor
ton, Bliss Coy and Russell Sage hot the mortgage
was admirably drawn, but found to be more strin
gent in its provisions than compatible with equity
and law In saying this Mr. Tracy warned the trustees
that they rendering themselves personally liable
1t was therefore decided to make new mortgage; "a
the same time the old was permitted TO stand Be-
fore this decision arrived at amount involving
DOLLARS
lssued-not SsOO,oOO, as has been enormously
stated This loan takes priority the present
solidated mortgages Of which the Farmers Loan ana
Trust Company are the trustees There is no dispute
TO the priority of the lien, and capitalist alone
said TO hold more Of these mortgages than all Of tn,
combined directors who have sold their consolidated
bonds under seventy per cent, while the quotation to
day is about eighty There is little likelihood there
fore, of exchange being effected and this dsposcs
the sensational stories aoat Wall street for the pas
two days to the companies
THE PACIFIC STEAMSHIP COMPANY
had to weather the storm yesterday Of adverse rumos
who said-"Under the administration OF Vice Presidem
Scott the line has improved in efrciency the prohu
have largely increased and the indebtedness has been
wonderfully reduced By September l IT is believed
the floating debt can be paid Off and the loan to the
Panama Railroad arranged from the earnngs II ia
confidently believed by the friends of the line that the
three steamers building by Mr.. John Roach will be
settled for in cash, and in this case there will DO
AN AMERICAN MAIL FLEET
OF twelve first class iron ships and twenty-five wooden
steamers which VIII DO honor to any country Whether
these sangune ideas destined to be fulfilled it i'm
possible TO say
The sensational dispatches from Europe presagns
financial trouble are not generally credited though
wheat goes down three cents per bushcl in this
markets. it did yeserday-we must bravey meet the
situation with the armor of commercial credit or the
better shield of domestic economy, and afect virtue
though we have il not"
THE FoRGERIEs OF REAL ESTATE SIZES
Of the New York Central Railroad are still attracting
considerable attention in Wall street The HERALD
representative waited Mr. sherman, the President
of thee National Mechanics Bank, yesterday That
official referred to Mr.. Cox the cashier who laugh.
ngly said:-'Nothng new. We cannot tell whether
the bonds are forged or not We have only four of the
issue, and Mr. Worcester, the Treasurer of the Gem
ta VIII arrive tomorrow, we are unable to deternine
whether these bonds genuine forged AS how.
ever they were issued many years ago aud printed in
the ordinary way ON common paper, II would be an
easy matter for them to be counterieitod At all
events the newspapers have
BLOCKED THB GAME
Of the rogues and it is likely attempts will be made
TO push any Of the bonds abroad
The death ofMr Max Heidelbach, of the firm Of Hede-
BACH Frank * CO., of Exchange place, leaves the
cession TO his son, Mr. Alfred Hedebach and the irm
will be continued under the same name
THE NEW YORK GUARANTY AND INDEMNITY COMPANY,
in voluntary liquidation, have obtained leave of tina
Bank Department at Albany to reduce their capital fro
s., 600, 600 to S700, 600.
The condition of the affairs OF the Commercial Waro
house Company is still involved in doubt, owing the
complication of the with Cuba The Is
IN recevcrshlp-not in the hands of assignee The
creditors, therefore, are left in the dark to the
ultimate outcome
As many inquiries have been made to tho road
named below in relation TO the late railway in
augurated by the Missouri Pacific, 1t may be we'll
state that the reorganization of the
ST. LOUIS, KANSAS CITY AND NORTHERN RAILWAY
was accomplished January 2 1872 The line OF road 10
from ST. LOUIS, Mo, to junction HANNIBAL and St
Joseph Railroad) 26j miles, and the Mobcry Junction,
l46 miles, northwest OF St Louis 10 the State line oi
Iowa SS miles, being 1853 mes in all The total length
OF road owned by the company is 353 miles, and with
the following leased lines make 504 miles,
St Louis and Cedar Rapids Railroad. ............. a
Boone County and Bonneville Railroad ........... q
st. Louis and ST. Joseph Railroad. ................. "a
Hannibal and St Joseph Railroad junction TO Kan
stS Otll.'.'....
The sdings and other tracks comprise 81 miles
RIVAL STEAMSHIP COMPANY
TO the Pacific Mail is said to be the Atlas line
gagged in the West India trade Among the rumors ara
those of n semi monthly line from New York Aspn-
wall connecting with the Oriental and Occidental line
to Yokohama and Hong Kong. This company il will
be remembered, is revived every once In a while like
the National Telegraph Company to give vitality to
stock jobs which without this impetus would die OF
their weight