New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-29

The balances in the Banks al Boston equivalent
specie funds all times and held for the redenp
ton Of the circulation at that point.
Gen Duff Green has addressed the annexed
card to TAs Ersntng Post upon the subject OF The New
Greek Coal Company:
10 ns Editors Of 7As Ererino Post;
Your information, published your money article yestsr
day. IS to the manner in which the New Creek Company
organized and also the arrangement under which
e shares were placed before the Stock Exchange is
list 1t true stated, that the property of the
pany cost but sSoCo0
a. r !. tine that 10 900 shares were distributed
sd II true that the company work get
responsible broker to introduce the reani9s $1,000 shares
at the board, a five dollars.
4h is net true that the of the l7Oooo shares
which were MOTTO be offered were privately to third
Il viii be SEEM that your informant has Intentionally mis-.
represented the facts or was grossly ignorant as to what the
of the Company and the proceedings Of the
Board Of Directors, of which member having been
thus assaed IL is less due my character
the interests of those who have purchased shares that
ynt the mountains for health The Chesapeake and Ohio
Canal snd Baltimore and Ohio Railroad had then been To-
careful examination that the railroad would be made
Southern route and under this body
Of land containing inexhsuTtble beds OF mineral coal
What then believed has been realized The Baltimore and
Ohio Railroad has been made the route which thea
located on the tract which purchased with tia, expects
ton and anieresed jury selected 10 condemn the nights
railroad estimated which purchased
Of about twenty dollars At about thousand dol
% per sore and this fact constitutes part Of the property of
the New Greek Company.
hese facts to show you that the original cost Of
these ands no criterion for Just estimate OF their present
To demonstrate tina. have dealt fairly and properly with
the Company and with the public will add that Knowing
the value OF the property, and confidently believing
Baltimore and Ohio Railroad have refused to put il on the
Wst market until that Road had reached the mines and
then required the parties about become Interested
lect for the officers and agents Of the Company practical and
experienced men, comreten, TO the property and
place proper estimate on It's value.
Having selected Mr.. AshSeld As President and Nj. VII
Hams - their Mining Agent gentlemen well known in
New'fofA and Of great prsccsl experience IN the coal
trade these gentlemen visited the mine and rs sales
wer. made or heir report Afterwards II deemed sa.
vsshe ~ interest parties rescng In Philadelphia and AFTER
coasalistica selected Messrs Charles Miller Co. per
sons OF high character and among the heaviest coal dealers
In Philadelphia and Submitted them proposition
request that they would examine the mines. They did
enanane The mines for themselves and became large hold
The parties thus admitted into the organization Of tbs
Company did obtain few shares At a RE ach below tier
value eecsns knew that IL necessary that should
ssSriee part OF my interest TO make the available.
heeenpsny, do deem it necessary to ash Messrs
MILLER Patterson. who constitute tie respectable firm Of
Chss Miller that wit the openings already
made weean deliver two hundred ,Aoasspd tins nes s
nun ana INA q ne pssent profits Cumberland coal
CONSULTING them venture TO refer yon and The pabc 70 the
same respectable sen,leInen when that the mines are
command BY the ale of those shsres which we have
reserved tor that purpose sne part of the two ons
each giving q iss.s oe shoe.ps n, esss 7s .
would give hundred thousand tans and il the profits
81 IS cent on two millions Of capitsl ~'-~
Irepesf that do not stop inquire wha, motive has in
duosd your niornar 70 mscpEeseot srossy the pro-
your you ehesray insert this eousat
as an act Of simPle justice Very respectfully,
Wsshrston City Dec g, 1852