The daily union. [volume] (Washington [D.C.]) 1845-1857, 1845-06-09
New YoRK, June Z, lSi5.

New YoRK, June Z, lsi5.
We have little news stirring to-day. A ship
called New York is in from Bremen, after long
passage, which, with one arrival from Liverpool,
having sailed May the 7th makes pretty much all
the vessels Of large size in from European ports.
The market for produce to-day presented no new
feature.
Stocks vary very little from yesterdays prices.
IL is generally the case, that, in week after the
by "iasi aduices," and then continue without any
great change, till the news by the succeeding
steamer reaches US. We are now paihng advices
by the next steamer.
l received private letter from England by the
Cambria. The writer is well informed in business
and political circles. He notices the arrival Of
Ashbel Smith in that country, and seems TO think
annexation will not be accomplished When Pres
ident Joness last proclamation reaches him. he will
probably arrive alta very different conclusion, with
many others in that country.
Our trade with China continues to increase.
We are shipping large quantity of lead to the
Celestials to line their tea chests with.
If our mining operations 60 on augmenting for a
few years longer in the West, fear we shall over
stock their market.
BY alate statement, it seems there were shipped
from the town Of Galena alone, last year, about
pounds ofpig lead, equal TO about 81 900
TONS which, at "a cents per h., would yield the sum
of 81 OTIS, 900 dollars The quantity is every wear
on the increase. A man, in boring for water the
other day at Galena, it seems, struck rich vein Of
lead ore.
A diversity Of opinion prevails relative to the dis
position of the reserved mineral lands in the West.
Some think it will be best for the government to sell
them out. To such proposition there are many
serious objections.
At present, such proceeding would seem to be
premature. 1t is very desirable on the part Of the
government to ascertain, as far as they can the val
ue of the mineral deposits they have for sale. This
can only be done by giving time to lessees par
ties interested with the government in exploring and
developing the Of the mines. Besides, the
government is receiving handsome per centage on
the amount of mineral ores raised. The miners pay
per cent. on the metal raised by the tenants. This
on the amount shipped from Galena last year. would
give the United States government the gross receipt
Of about $64, 500. To this must be added receipts
obtained from the mines at Dubuque, in Iowa, and at
Potos, in Wisconsin. The receipts, after paying all
expenses, leave handsome net income to the gov
ernment. In the mean time, new mines are contin-
ually being discovered. If the government were
now, in the early stage of their development to sell
off their mineral reserves or lead mnes they would
part with them for mere song, compared to their
great, and almost incalcuable value which requires
the energetic workings Of interested laborng miners
to hunt out and develop it.
As regards the reserved copper mines on Lake
Superior, many years must elapse before the gov
eminent will be able to find out the value of their
excavation in that quarter.
As to the collection Of government dues in the
lead mines, they are becoming more regular.
The United States court not long since decided
long pending cases against miners, who have been,
threby, brought to meet their engagements in good
faith and with punctuality. Under the manage
ment Of energetic and responsible superintendent,
the government has nothing to fear from the prompt
collection of dues.
General R. Armstrong and family are at the As
tor House. He has engaged state rooms for his and
their passage to Liverpool in the Great Western next
Thursday, the 18th instant.
am yours, very respectfully,