THE MORRIS CANAL.
{"newspaper_name": "The Columbian fountain.", "edition": "01", "page": "p3", "byline": ""}
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The New York Tribune says: "The pro-
position in relation to the Morris Canal meets
with some favor. 1t seems $500, 900 are need
ed TO finish and furnish this work, and this
company of capitalists offer to advance, pro-
vided the stockholders sell them 90 600 shares
at 81 per share. A considerable number OF
shares have been pledged under their new ar
rangement, and about third OF the bankhold-
ers in order to help the matter through, offer
to release 10 per cent of their claims. The
Company have no means with which to pay
the next interest, and foreclosure will proba-
bly, take the property from the stockholders en-
sale. ......