New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-20
81 S00.OOO 90

their mineral is represented by''' oo<oo' 'V
g. 100000 90
From the above it appears that the Company have
available for the business OF mining and manu-
Securing the sum Of s75945 co. quite sufficient TO ena-
BILE them 10 carry their regular operations without Tue
necessity Of issuing any portion OF the Daahce Oh the
no shares of their capital stock, which held IN re-
serve 10 make the necessary provemf nts Tor cheap
enipe end extending their manufacture and extngush-
ing the existing mortgages on their real estate
Your Committee could hsre close their labors sa'lsiac-
so,v so far az the immediate object OF their appoint
men, h concerned but they feel that they would not
have fully ayaed Of the opportunity Afforded thcm Tor
investigating the Copanys affairs, were they TO stop
here without adverng to the future poicy and opera
tions Of the Company. -, .
The nractcabilty Of successfully converting their
minerals into valuable paints direct from the Is no
longer an experiment, but has been most fully estab
lished by two years operations
The zinc paints manufactured in France and Germ any,
are not direct from the ore az IN the case OF tue
RedOxide oithe wJersey Znc Company, but fromthe
metallic zinc, after having undergone ne cosby ProceS
of reduction TO the perseyering energy OF thc enter
prsiny oripjnaors OF the New jersey Znc Company u
due the development OF their new AMI economical
process of making the Zinc paints drec from tne ore
Nv one simple operation. the value OF these pants
over all Others il DALI becorng more firmly established
The fact that zinc paints Is perfectly inocuou' both in
the process Of and Subsequent use and is
moi arnished by uphurous eXhaations yc 1t an indus
putablc advantage over white lead Besides his it
found peculiarly adapted 10 the painting OF IRON and
late experiments made at the United States Navy Yard
at Gosport have established by the most conclusive
tests the decided superiority OF the White Oxide OF
Zine az marine paint all Others sub cc,ed to the
ssrnc tie namely: White Lead, Red Lead Marine
Psint manufactured at Philadelphia, Verdigris, and
Coal Tar TneEe experiments prove that timber
cred with two coats OF White Zinc, is neither attacked
by the worm, nor do barnsces attach TO il when i'm
mersed in awGior; while ell other paints tried afford
comparatively protection against these two great
evils.
With these important advantages, 40 conclusively
demonstrated, with an nexhaustlble supply OF the nun.
eal with demand Tor their paints Of more than double
the capacity of production OF the present works, and
with abundant meons in their Treasury the future polly
OF The New Jersey Zinc Company seems to your Com.
mtiee perfectly manifest The most important thing
TO be done, In the judgment o. the undersigned, are
lst To have 81, the ore mined by contract instead of
days work
"a. The estabishmen, OF Railway from the Mines
10 connect with other existing Railways ON the Morris
Canal by which the cost OF the ore delivered AT the
works ut Newark would be reduced to onchalt its
present cost and saving of full 10 per cent ON the
whole cost oi the manufactured oxide effected Such
an approved communication from The Mines can be
made NJ moderate cot, and quite within the means OF
the Company.
Sd. The extcnton Of the works at Newark, TO double
their present capacity production by the construction
OF addition al furnaces. Another matter deserving tue
early consideration OF the Directors, Is the question Of
selling their Zine ore direct 10 comes nom me mines
to other manufacturers. Already an active dem and for
this ore Las sprung up at largely rcmuncraive prices
and should the DaCctors see objection in supplying
other ESTABLISHING Lls, with raw material that cannot
he obtained FROM any other scarce an important add
tcn 10 the Conpanys resources may thus be created
without any further outlay OF capital.
In addition TO the above, the undersigned would sug
gest the plopr6y of early experiments for utilizing the
rc iduum resulting from the operations ofconvcrtng the
ore into the white oxide Several thousand tuns OF this
rssidum have already accumulated and is rich in
iron and contains stll notable portion of zinc, it
should possible, no longer bc permitted asesssy 10
incumbcr the works ofthe Company.
And finally your Comi'tuce would urge te import.
ance Of making further Efforts to aid in the establishment
ofthe manufacture of Iron from the f.anklGe ore the
experiments thus far tried and which as it is well
known by most OF the Beard Of Directors have resulted
Ia the production Of Iron OF unsurpassed quality
have inspired the undersigned with eAtr~ coniden
in the prsctcahy and eventual success of that
facture by which the OF the Company would be
largely increased
Confidently relying that the enterprsng inie,-
rence which hes thus far been evidenced in the develop
mcnt OF the Companys resources, viii be equally DIS.
PLAYED in the carrying out OF the above suggestions
Your Committee feel authorized to express their firm
belief that the Stockholders of the New.Jersey zinc
Company win not fail to realize ample returns upon the
c A. pETNOLp,
HORAriO ALLEN.
JOHN L HITCHCOCK