New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-08-04

be sod from time 10 time, when II viii command i'S
par above par value and The procce s applied 20
me purchasR construction Of roads and 10 their
thorough equipment wen ~ the supplying OF boais
for tie canals mad coasiiug vessels Tor the carrying oil
ia coal from tide wer ~ the various points OF dsssh%
ton.
The capacity Of the Company as determined by the
extent OF tie lands and ia financial condition, 10 mine
and transport It's coal 10 market may with perfect
confidence 90 Assumed 20 be limited alone by tn3 de-
ruand for this fuel No inyifions comparison " In
tended when !, Is affirmed that. in thiI respect, no
Coal Company Of this country Is In 50 good con ii
ton IL hns been restricted IN iis operations Hitherto,
since the completion Of Ia IrgGnl the ID day
q May last well y tho necessary labor Of prrpara'
,ioI incident 10 all enterprises Of LIS ms yuigute,
by the temporary suspension of the navigation OF the
Chesapeak, ard Ohio Canal resulting from damages -
the extent Of $500 caused by treshet Ia the PO.o
mac quacd by any previous rise In the waters of
that river Its Tributaries during the last fifty years,
and therefore, OF improbable occurrence very soon
again. This compelled the President and Board OF Oi
reciors to look Tor transportation from Cumberland %
tide wster, to the Baltimore aHd OHIO railroad alone,
during The interval and although they haze been able
t. send 10 market four hundred tuts per diem at remu
neratiog prices, their means OF tran poration have
been wholly Inadequate 70 supply the greatly increasing
demand made upon the Company, arf ng -On the daily
augmentiDg snd consumption Ui this Coal The
Canal been repaired IN most substantial manner,
end navigation upon resumed the l9ch inst.
This reopen 10 the Company channel Of transit tia.
will enable il b supply all future dem4ni5 Tai Canal
Is 10 miles In length with Il If. locks Us " ter sls
face is 60 feet and depth feet IL IT, with eXcap
ton orly-the Delaware and Raritan Csnal-.he
best and most substantially built Canal in the United
States.
The President and Board of Directors forbes at this
time obvious considerations, 10 advert, with any
particularly, 10 their intentions, touching the proposed
purchase OF the road lands and effects Of the Mary
land Mining Company Tdus much, no viewer, We deem
Il proper say, tba. the cOntguy TO- and connection
OF the property Of that Company with the property Of
the Cumberland Coal and IRON Company render IL 30
val A thie thaU II "A
ntere t now existing which b. any possibility
5se hereafter SIS 10 leave little for DOUBT that
will acquire It, ii desire 10 d. so, al reasonable
price l. is hardly necessary for the President and
Board Of Directors say, that Its acquisition, though
In a certain M desirable, is by means essential to
the success Of the Cumberland Coal and Iron Company
road can be constructed L Is beeyej at less
price than that of the Maryland Mining Company
originally coat Tie President and Board of Dlrec, )rs
have engaged the services Of distinguished engineer
10 make the preliminary surveys, with view OF I'M
Immediately locating and placing Il under contract in
possible contingency. This gentleman will enter upon
the performance OF bis duties on the th instant The
decree Of foreclosure Of the mortgage and order for
the sale Of the property referred to, the st day of
next September was made by the Court OF Alle2hany
County, on the 2lst June utino
The President and Board Of Directors are giving
their earnest and digen attention 10 the subject OF
transportation, with view not simply 10 greatly In
creased trade bot to q elimination In the cost from
the mines TO Cumberland thence to Baltimore by the
Railroad, and to Alexandria by the Canal, well az
from those two points Of shipment coastwise, and by
the avenue of the Chesapeake and Delaware and Del
and Raritsn Canals Tney expect TO be able %
Increase tho amount of their trade immediately and 10
provide for the transportation, during the next season,
ofiteen hundred tuns per day or more as the demani
warrants Il. 49, -
TIE cost of the transportation aud handling Of the
Coal from the mines 10 Baltimore on board cOasting
vessels has been diminished duriog the last two years
Oslo cents 3 un. Add half piloage, equivalent 70 10
cents per mn, which until tue present season. was ex'
acted under the commercial regulators of Maryland,
an the reduction amounts - 81 liz cents per tuu.
Arrangements arc In progress by which TURNER
reduction Of about % cents per tun Ia the cost OF trans
portation between the mines and Baltimore Will De ei
eced The charge for mining continues 70 be y cents
per The cost Of transportation and handling rom
the mines to Alexandra, by the Chesapeake aud Od)
Canal has been reduced since the opening 81 that work
5Gt cents per tun IL 10 believed that the charge can
be still further reduced 10 the extent of FL cents
per tun A still further reduction In the charge 10
consumers of this iue can be accomplished by means
within the control of this Company, by supplying
ing adoora facilities for It's shipment from Baltimore
and Alexandria.
So well and firmly established Is the reputation ofthe
semi-bitumnous Coal Of this CJmpany-ss we'll by In
Vulnerable scientific analyses made Ia this country
and EurOUe--as by the most searching and prolonged
practical tests by eminent engineers aud manuastdrers
as 10 render any enumeration OF It's virtues, In this
Report, work of supererogaion lts use In the
Steamships, Navy Yards and Arsanas of ths Federal
C;Oyerpmept-by the Transatlantic Commercial Steam
marine of America, England and Fraucc-in the loco
motives OF some OF the pTuci pal ra Dads Of the
try land It might be added, every railroad which
IL has been tried, locomotive iue by the prin-
cpal iron and glass manufactures Of the Unon-furnsh
OF the proofs Of its economic value and efficiency,
which might be cited In opposition TO any uuavaiug e;
fort 10 abuse the public mind or this subject BItth5s
deemed unnecessary The daily increasing demand for
ii Is its best sud triumphant euloglat.
The following 10 a condensed statement of the Com
psEy's Affairs on the 3lst OF May, 1852: