The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-03-20

this company e most favorable for residences and
Boston proper filed with warehouses the popu-
ston is driven cut and residences In the suburbs sought
after This IL building mp the ncghbcring towns and ell
the favorable pnees will be appropriated, and Of
courFe rapidly improve IN value.
The bill authorizing the Camden and Amboy Railroad
and Delaware and Kstan Canal Company to subscribe TO
the remainder Of the stock Of The Bsvdsre Railroad has
passed the New Jersey Senate
There has been active demand for foreign exchanges
and rates have eighty deprecated We quote bills
London at e1 10 per cent prcEium; on Paris 81 20
81. 1915 Amsterdam. Al Az: Bremen, 78lz . 7Sh;
Hamburg. 80 aCA The Arctic win not take ont much
specie No engagements for shipping, of any consc-
quepce have boan made and those made may be with
drawn.
There have been recently considerable transactions
the board of brokers' in tho stock Of the Dauphin and
sulqushanna Coal Company. This company formed n
prominent item in the offsets for which the late Railroad
Convention held in Baltimore. When the extension
of the Baltimore and susquehanna Railroad Is completed
1--WE look the work in its present hands fixed fsct
the coal from the southern coal field Of will
be brought to Baltimore at lower than be laid
in Philadelphia the Reading Railroad and thus
win seriously interfere with tho revenue of that costly
work The principal mines in the southern coal field ars
owned by the Dauphn Coal Company, and chose mineral
deposits snguary rich and various in their character
They of thirty miles In length situated in
the valley Of the Susquehanna and through this extent
the company have constructed first class railroad, at
cost with equipment Of nearly million Of dollars.
Theec lands priced by the late Nicholas Bddle a.
containing the finest coal formations in Pennsylvania and
presenting the best geographical features Of any similar
property the State They comprehend anthracite semi
bumin0us buminous and Transition Goals all Of which
have peculiar adapveness for various purposes Elk
periments made at several scientific establish
ments has satisfactorily ascertainea that for
steam and manufacturing uses the coal cannot be equa
ed We consider the coal interest Of the primary and
most important interests Of the country developed st.
in the Pennsylvania coal fields.
The purchasers Of the herohants' Exchange have
procured the introduction of bill into the Senate of this
State to the New York Merchants Exchange
Company. The capital is limited to million Of dol
lars divided into shares of hundred dollars each
The principal points Of the bill annexed
The trustees authorized to make any alteration In
the building but it is provided that suitable shah
Away be reserved r the ordinary purposes Of Mer-
chants Exchange to be used under regulations prescb
ed by tho trustees In subscriptions TO the stock the
holders Of shares in the old company have prefer
to the extent Of the number Of shares standing
in their and the residue u shares to be appor
toned among tho other subscribers. Payment
Of instamens may be enforced by action against default
ing subscribers by sale OF their stock their account
stockholders to be individually liable debts 70
aborers servants Of the corporation to amount
equal to the amount Of stock held by him. until he shah
have paid in full the amount Of such stock hed but
stockhoder ehau be personally liable for debt not to DO
paid within year from the time contracted unless
suit for auch debt shall be brought against the eorpora
ton within year after the debt be due The
pany is authorized to borrow $4,000 mortgage Of the
Exchange with the written Of holders Of tws
thirds the capital stock