New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1845-12-30
may affect his individual property

The locations Of these companies are generally IN
the neighborhood of Copper Harbor, on kewena
Point those selections having been made not only
for the apparent superiority III the quantity oil ORE
but from the convenience 10 navigation SO that sup
plies OF provisions and hands can be easily procured
and the ore or metal be cheapy transmitted 10
market.
The prices of the shares in the foregoing caa-
logue stated generally according 10 lhe rate al
which they are held
The two companies which commenced in 1874,
are now ready with ores for smelling washing.
The Lake Superior Company has 100 tons on hand
The Pittsburgh and Boston some one hundred TONS
having been extensively engaged in preparations.
In addition to these Companies III actual opera
ton, about thirty others have been formed, which
will average about enty-fve hundred shares, at
ten dollars share.
The total of all these stocks is about two millions
and half. Ii does not seem to be eXtravagant 10
estimate that all these associations, when ut work
will bring into market sufficient quantity OF copper
to amount 10 three hundred thousand dollars per
annum beyond their expenses. Ten or twelve hun.
dred tons would be enough to pay expenses and
produce that sum, and thus make the stock good Tor
twelve per cent. on lis estimated value. Our lmpor
tatons of copper made from abroad largely
exceed this quantity.
There are. however unquestionably, expectations
entertained by the several Companies OF supplying
much larger quantities than this. And from the en-
terprise, skill, and energy OF our people, we think
that will be the The universal use OF the
metal in civilized countries and the great extension
of the demand that would ensue from slight re-
duction of price give ample assurance o. an ade-
quate and profitable market.
We understand that II requires but small sum
some three or four thousand dollars--to commence
these operations in mining protitaby although, per-
hans much larger sums might be advantageously
employed. The Companies already formed, how
ever not being under the necessity OF making great
outlaws nor of waiting long for returns Will not be
compelled 10 force large quantities OF stock on Inc
market will be able 10 realize tor themselves the
fruit of that sagacy and energy that nave given
them the lead in this undertaking.,
We almost forgot 10 state that the Lake superior
Company. al Eagle river the Superior Company
near Copper Harbor and the Ontonagon, on the
Elm river have found in their ores large proper
ton of silver, quantity so great as to yield on us
separation from the copper an additional proht
greater than that of the copper itself.
EY@ The census OF Michigan, just completed,
shows the present population of that young State to be
3oi2e5 In 1870 it 2l2367-ncrease in FIVE years,
92olS This is remarkable increase being so per cent
in i've years The total however is not half so
great as that of Illinois, which has added sbout 100000
inhabitants 20 her population since ls4O.
9%S The Charleston Courier states that new
steamship built on the most approved model and in.
tended as packet between Charleston and New York.
has been commenced, and will be ready for sea about
the frs, OF June next.
RATHER SwINisH.-An extra train OF cars on the
Little Miami Railroad brought in yesterday abou, one
thousand live Hogs The train consisted OF 3s cars and
from s. & NJ. Buckinghans Mills, II miles from
| the city.
~ Five coal boats. with 10000 bushels of coal
consigned 10 Mr. Pomeroy OF Cincinnati were sunk in
the Ohio River above that city last week by the running
ice The cosl canno, be got out until The river falls
~ Two new Post Offices have recently been
established in Greene co. Pa; one at Rogersyille, o.
which Mr. Rogers P NJ and at Jolytown, OF which
| Patrick Mccullough is ?. NJ
~ AT Cincinnati the two colored men who
murdered another By the Of Edwards day or twc
since have been committed jail 10 answer The charge
/ Of murder In the first degree