The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-08-06

NEW METHOD OF REFINING GoLp.-According
II accounts, the method OF refining gold in
large quantities, discovered by Professor McCollo,
OF New Jersey is all that it is repre- sented TO be,
and at this time is of great Importance, when
we are receiving such large quantities of that pre-
cious metal from California, and when there is
such demand for work on the United States and
Branch Mmts. BY this new method, the Profess
ser say :, he refine gold oIbulon, in parcels of
one or TWO millions of dollars each readily as
parcels Of one or two hundred thousand dollars
now are-lhat an operation Of any magnitude by
the new method demands only one half the time,
and but on. half the cost in labor and materials
CURED by the process used in the United States
Mnt-that the refining capacity OF the mint at
Pbiladelph ia 100000, prior TO July, lSi9
when he was authorize d by The Director, and pro-
ceeded 10 put up new apparatus BY which the re-
filming capacity extended 10 81, 500, 900, and
that the cost of said apparatus, about $4,000, was
more than fully compensated by interest saved TO
depositers bullion refined during the first month
of lis employment, and thus released from long
detention.
The discoverer attributes additional advantages
to this new system of refining gold over the old
one, which almost as important as those we
have referred to. Now if this discovery is all that
il is represented to be, think that no time should
be lost in putting il in operation in Philadelphia
The holders of bullion and California gold cannot
afford 10 wait the tardy operations of the mint as
il is now conducted, and many of them have, In
consequence, been compelled to remit the precious
metal TO England, 10 be coined at the mint there.
This should not be Professor Nicola has,
we believe, memorialized Congress on the subject,
| and il is 10 be hoped that his communication will
| be acted upon as soon as possible.
The TEnuANTrpEc TREArY.-The article pub
lished in number of Friday last, relative to the
treaty recently agreed on with the Mexican govern
ment for the transit Of our commerce across the
| Isthmus Of Tehuantepec, We extracted from the
New Orleans Delta of the oath ut.
| For the information of our readers, and with a
view of removing any erroneous impression which
the error may have produced, We state beyond con-
tradiciion that the treaty in question confirms, in
its plenitude the decree of the government of Mex
leo, relative TO the communication between the
seas connected with her territory, and with all the
| places that are annexed to the same, which docu-
ments are offered to the public, that they may
Judge correctly of this important arrangement, and
of the great advantages, which, from It's prompt
execution, will accrue to our happy country.
For further information, we will also add, that
indie pendent of what is stated in the said decree
respecting those points of the Isthmus destined to
be the terminus Of transit the parties are permitted
the use of any other ports in the Gulf of Mexico;
and on the coast, with the governments appro-
baton, the company have the power or choosing or
selecting such ports as they may consider most safe
and convenient for carrying on the communication
| between the seas.
| We have not space to publish the decree at
length, but the following extracts are deemed SUI
| ficient to correct the aforesaid erroT;-
Article 4th The propri. tor shall to be made,
at his expense survey of the ground and drec-
ton which the rore shall follow and also Of he ports
| which may be deemed most commooious. He shall
fur her ts be made ports vhich he shall
ie all kind OF works that may be necessary for shell
| ter and utility
| Article It'll The government engage not to impose
any contribution OF taxes travellers or effects in
fifty year, and upon the negotiation, its
funds, any impo.t OF forced loan.
Article bth The government, In no case, shall inter
s IN the collection VI transport dues IN the eousefion
Jor shall popabs 5y reeis loading unissd
ing, for the benspo,f Of Elects long the eo~mu''sea-
them shall beions TO the The suprs me govern
promises that all and every one Of the concessions
mentioned In the inserted decree shall be honora-
bly, fulnll-d and at all times ledsing the honor
and public faith of the nation maintain the proj1c
tor Don joe Dc 0aray as well IS any private indvi-
dual or company succeeding or representing him,
either natives foreigners In the undisturb~d enjoy
mept of all the concessions granted, holding the
own or its agents, which for want OF proper fulfill
Of the might inure the interests Of the
propretorssl of course, subject to the exact tenor
| Of the inserted decree