The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-03-29

with sulphur lead arsenic and other impurities Scen-
tihc men say that persons should not occupy
painted with white lead till two months after the
last coat is put In consequence Of this the pure
oxide Of zine must inevitably supersede white lead
The capacity Of the Reading Railroad is equal TO the
transportion Of two millions Of tons annually The pre-
sent minimum, tariff of coal is 81 90 per ton This
rate Of toll Is considered excessive by the shippers
coal To bring about compromise would it not be de-
srable to have arrangement TO this eect.-should
the amount passing the road equal and half
million of tons the shippers should be entitled to
turn Of ten cents per ton; should it reach million
seven hundred and fifty thousand TO fifteen cents per
tom II two millions, twenty cents per ton making the
minimum 81 So two millions eight hundred thou
sand doarsan annual receipt fully equivalent to all
expenses and dividend of eight per cent the capital
stock
The die for the three cent piece ordered to be coined
by the last Congress- has been finished the coinage
would be proceeded with at the Mint but for
defect in the law which makes provision procuring
the silver and copper to with In
the coinage will be delayed until the proper steps are
taken by the authorities at Washington to remedy the
deficiency The new coin is decidedly neat and tasty
and will be, in measure, q convenient substitute for
coppers 1t is onefourh copper and three silver
so that the baser metal affects the color but slightly In
size it is between the gold dollar and the five piece
but is much thinner than either that blind man
can easily distinguish them apart by the touch The
face of the coin has capital G, with in numerals ind
eating the value Of the coin embraced within Around
the edge the thirteen stars for the original States
On the is star having in its centre American
shield and around the edge United States of America,
1872
There has been good deal Of excitement at 0swego in
reference to a rrmor that the Canadian government
would exclude American vessels from the navigation of
the Welland Canal Satisfactory accounts, however,
have been received, that although the subject had
been discussed, action taken it, and that
the canal will be open, usual to American equally
with British vessels When this received the
vessels in oswego harbor up their flags in token of
the general joy.
BY the report of the committee appointed to settle all
questions of dispute between the South Shore and the
Old Colony Railroad corporations it appears that the
Old Colony Company agree to hire the South Shore for
five from its completion paying interest at the rate
of per cent rescrvng the right to the lease five
years at the rate Of per cent BY the agreement
they fix the cost Of the road at $4,000 rescrving the
right Of the South Shore to charge per cent on the
whole amount claimed the cost after the expiration Of
the first year in the lease should be renewed by
this arrangement dividends Of per cent on S2j
share rendered certain and after the lat Of 0cto
Der next by the statement Of the Treasurer there APP
pears 10 ample means the payment OF whole
floating debt of the corporation and its income and pro-
perty will be represented follows
Income. per cent $4,000 S4 COO
10000 shares at S2j. S250000, per cent. $4,000
10000 bonds. 10 years at per cent 49,. 5000
Incidental expenses. .6O0-2460o
The business Of the road is increasing, and the
mtee speak very encouragingy Of the future prospects
Of the road The assets arc-bonds unsold notes rcev
able cash on hand surplus lands IS shares Of stock
hand ut $40 and small claim due, amounting in all to
s46S56 50. The debts accrued arcnotes payable, inter
est due stockholders due coupons and estimated out
standing claims, $40 ti6 53eaving surplus S6ilo or