The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-06-20

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The total receipts Of the city Of Providence, R.
for the year, amounted to STAT S74 81; the total
penses sl4s477 81 The city debt has been increased
$l4O65 IS, and amounts to $1s9,37o u.s. and the
property Of the city has been increased by the pur
chase Of the Tockwotton House, cost Of S3 00O
by three lots Of land costing $175. The interest is
now nearly $40 900 . ear
Sometime since published letter from the Secre-
tary Of the Treasury under date Of the 4h of May
the subject Of allowance Tor loss on sugars by drainage
Since the date Of that letter additional facts and views
have been presented to the consideration of the Trea
sury Department, and the Secretary in consequence
Importance Of the question involved to
be his duty public officer before returning largo
amounts of duty to obtain the decision Of Supreme
Court Of the United States, an appeal taken from
the recent decision Of the Circuit Court at Baltimore
in case in which judgment has been rendered
against the Collector for exceeding 900. The
gentleman to whom the letter OF the Secretary sd
dressed has been advised of this determination.
In view Of the certainty of the completion of the Bal
tmore and Ohio road, during the coming autumn ITO
the town of Cumberland the managers Of the different
coal companies If that section have called consult
ing convention Of coal companies and individual pro-
pretors Of coal lands, TO assemble at Cumberland
the 9th inst, believing that full and frank inter-
change Of op MON among those interested, and
must enga e the attention and meet the ap-
prova' of sue body, will conduce to the advantage
of all concerned, and prevent the organization Of a
monopoly for the purpose Of extorting from
exorbitant profits, without curtaing the present
prices of producers. This convention has beeu called
by the presidents of the lea ting coal companies in the
Cumberland Frostburgh REGION and trust it will
be generally attended The Cumber'an coal Is SINH
lar the Dauphn and Pequa coal of Pennsy lvania;
and the increase Of facilities for getting these Goals to
market, will give very great impetus to steam
navigation it will supply desert pton Of fuel which
has long been wanted.
The Legislature Of Pennsylvania, at its last session,
granted charter to the Pequa Railroad and Improve
ment Company, with power to receive and take titles
to lands and real estate in Dauphin and Lebanon
countless for tine purpose Of constructing railroad for
the better and speedy development of the coal
and other mineral Of the lands belonging
the company and for the ton of the usual bus
of companies and persons engaged in mining and
transporting aud selling the produce Of their lands
and mines. The shares of this company consist Of
sixteen thousand at fifty dollars each with the priv
ege of creating additional stock to ex
ceeding eight THOUSAND shares of fifty dollars each
This company thirty-two thousand acres Of
btuminous, and emi.bitumnous coal land, Sit
uated in Dauphin and Lebanon counties, Penn
hanna river to tide water at Havre de Grace
and the Union Canal to tide water at Phila.
delphia. These bituminous coal fields arc nearer
tide water, and easier Of than any others
in the country. They q continuation Of the
anthracite coal fields of Schuylk county, and the coal
parakes in about equal portions the anthracite and
btuminous qualities making 1t semi bituminous and
peculiarly adapted to the purpose of steam nav
gationa species Of coal particularly desirable at this
time, to develope this branch Of our steam marine
While fields of anthracite coal have by the ex-
pendture Of an immense amount Of capital been most
rapidly developed, bitumnous and semi luminous
coal districts have been neglected In consequence Of
the demand for this species from iron manuac
turers and from steam navigation companies the
attention Of capitalists has been turned the deve-
lopement of the of those sections of the
country containing this kind of COAL and have no
doubt the production will progress rapidly Us the
anthracite since the year 1920 which has increased
from 1856 tons shipped that year, to 100000 tons
shipped in 1S4S Coal is one of the most valuable
mineral treasures which nature has bequeathed to
us, and possess it to the most unlimited extent.
Tho annual product in England amounts to about
900 tons, valued at the mouth Of the mines at
SOS With facilities the product our own
mines would exceed that immense sum- and enable US to
supply domestic deman for any description of COAL
ties That these facilities will forthcoming no
one can doubt when the enormous value and extent
Of Mines and the comparative with which they
be reached taken into consideration. In 1888
the quantity Of anthracite sent to market from Penn
sylvania 10000 tens and in ten years it increased
to nearly FIVE times that amount at the same ratio
ten years hence it will than l6 900 900
tons What has thus far been realized In anthracite
will be realized in less time in btuminous and
semi. bituminous. The most prominet among those
companies which have recently been formed for
developing tho resources Of the bituminous coal
fields of Pennsylvania, the Dauphin and Susque-
hama, and Pequa companies and as soon the IA
cilities now in the of construction COM
pleed, these companies will turn out much larger
quantity of coal than they have heretofore been able
to do. The demand in the immediate vicinity Of the
mines from iron and other manufacturers has here
tofore been greater than these companies could supply
and that demand Is increasing rapidly for this kind
of COAL that it will be sometime before the external or
demand for other purposes, be supplied The mines
Of the Pequa Company be connected by short
railroad of miles with the great Pennsylvania Cen.
trail Railroad and by this connection brought within
Ill miles of Baltimore and 1872 miles of Philadelphia
The supply Of semi bitumnous coal In these mines is
inexhaustible and it is estimated Is 100000 tons of the
best quality obtainablc within range OF eight
The line of railroad of the Pequa Company to enable
tito connect with the Dauphin and Susquehanna
company's railroad will be only four miles in length,
with the favorable grade Of twenty feet to the mile
The line Of this road favorable for penetrating
veins Of coal that miners have offered to deliver coaI
at the drifts, mouth at SO cents per ton which will en-
able the company to deliver coal at Havre dc Grace
for So o5 per ton, at Baltimore for So 49, at Phade
phia for So 65 at New York for So 3d. and at Boston
for SO so per ton. These prices range below the
rage for anthracite in the markets. and this coal
being better adapted to many uses, whore the anthra
cite has heretofore been employed, it WILL Of ,surse
take its place. and enter at largely into consump
ton. This company intends carrying It's coal bu-
sinoss upon system similar to that successfully
practiced by the Delaware and Hudson Canal Compa-
ny-that is, by mining the coal on their own lands
transporting it their railroad to the State
nal, and selling it their account in the princ