The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-11-27

Harlem Ohio State 6s per cent sales of bills on
Charleston discount.
The following sateme of the affairs of the Central
Bank of Georgia, Nov T. 1912, compared with Novem-
Nos isil eASt Noe o. I isis. Inc. Deer
L Loan. a,ils2s1s 1903 So ass 500
66sss.s" ,s , s., 1870 s S''
The mails bring New Orleans dates to the l6h There
had been further arrival of $4,000 from Philadelphia
The exchanges seemed disposed again to give way At
Mobile there also less doing The rates were as fol-
lo~s:-
ster'ing issIsI. prem 3ka4 prem
Francs, S5a1ras 80
S New York sight, Ils a,x dc
We yesterday gave list Of the old and new duties in
Great Britain the articles of export from Great Britain
That list shows to the how idle has cry
about the protective duties of Great Britain Take the
article of pig iron the duty is 81 per ton which s2s
the market price in New York. amounts an ad vaorem
duty Of per cent only The United States duty the
same article $40 per ton which the English price of
$40 per ton, gives sdvalorem duty of 100 per
Under the tariff the compromise per cent,
which was 400 per cent higher than the English tariff =
Now the great difficulty under which the iron manufac
here have abored has absurd paper
aons which have enhanced the prices of land labor
end material TO extent which has deprived them of all
chance Of competition with English master The pa
per system has now been done away with, and prices
have fallen exceedingly low afording chance the
investment of real capital to realize those visions mine
raj wealth which Mr. BiddIe portray ed years since
on the occasion Of the establish of the wIkesbarre
Iron Works by E. Bidde the funds the Morris Ca.
Accompany That enterprise based upon paper and
fell through.
The lands oil Pennsy lvania rich in minerals The
them are the western portions great
anthracite coal measures of the
northern, middle, and southern. The northern anthra
cite measures open and worked Wikebarre Pitts
ton, and Carbonate. The middle at Beaver Meadow
aud shamakin and the southern Mauch Chunk Potts.
ville Pine Grove and Bear Valley. OF all regions
the latter is the most valuable for being equal quaint
~ and quality to any Of the Others lies to tide
water and has likewise extensive beds Of ORE lying
in juxta with the coal The riches contained in
these immense coal and iron beds beyond description
and will day make the Key STATE the most veal
thy of the Union The Of coal produced from the
coal fields OF Pennsy has been yearly increasing
100000 tons per for years. and in lsal
amounted about 400 900 of the Allegheny
mountains which at the average wholesale market price,
amounts So 100000 There is perhaps in the
world great opportunity for the safe and profitable
investment Of capital to large amount as in the manu-.
acture Of iron with anthracite coal where the two can be
ound together and in large quantities The present price
IRON in market 27asO dollars per ton and yet there
are localities Of the material favorably situated both in
regard TO mining and smelling render certain that
same article can be produced less than s2 per ton
The value Of all the wrought and cast rsn made the
United states In 1910 was S2s65 $40 The whole value
oil all the coal mines in the ear Ltumnous and
thracte, was $9s62a5 Over ssoOooooo Of capital here
oore potaby invested in Great Britain in suppl, ing the
United States with iron must seek other channels
or lie idle for we can and must make our own iron
every kind It is well known that coal mines every
cubic yard Of coal is equal to ton. Thus it has re-
Gently been discovered that of the coal lands Of
Pennsy contain 100000 tons every surface
But this upon lands that have yet been worked for
curious fact that the richest coal and iron regions
ennsylvana have been the last to be brought into notice
little has science been consulted in the choice Of 10
cations for mining, that until very, recently accident
to have directed those interested rather thsn geo
logical information. A few years will show some impor-
| 'ant changes in,hess particulars.