The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-12-20

SOL 90 per athom Of six feet long six feet high and
four feet wide.
estimated the Union Mine at $3.50 per fsthom The Coal
Hill mine is doubt the richest But If they both yield
alike you have two thirds the product Of ground
to pay contingent expenses which allowed at 40 per
cent your clear profit ought to be half all your
operations after erecting all machinery But not less
than f1sC0o to ego 600 VIII in my judgment be expend
ed in completing all peceeary preparations for working
the mines properly Of which emily about fS 600 need be
contributed by the company in cash a. all the rest will
be nom rssings in the mines have now given gene
raj but hasty Of what have done in very
short space Of time; and trusting 1t will be approved
humble servant HENRY RODDA
The Executive Committee report that they have ap.
pointed Captain william Lean, Of Callinston, Cornwall
England chief manager for two year, Captain Lean,
manager Of Docosth East Pool and uolmbush mines
during twenty years ba been at the head Of extensive
establishments, where the greatest economy has been
exercised and has acquired the best information relative
to mines and mining operations. His long prastca ex
periepce must command the full confidence Of those
interested Captain Rodda, the underground subagent
has been recommended by high authority IS an able
miner. Captain Rodda has placed the concern, in the
short time which has elapsed since It's commencement
very far onward The utmost activity has been infused
into every department.
We have received the first report Of the New Jersey
Zinc company, made by . committee from the board
Of directors. 1t appears BY this report that this
pany possess mineral rights in fee simple Of four hun.
dred and eighty Of land In Sussex county, upon
which their principal mines situated and that the
company also have perpetual leases 1lo2 Of land
in the county, all containing valuable Minerals
Besides this the company Il ao-100 OF lAnd at
Newark upon which Their manufacturing works 10
Gated Tho report says that by late survey Of the
mines w Prof jackson, Of Bottom 1t Is established BY
actual THAT the company possesses In the
mines opened and worked 900 tons Of the rcd
oxide Of zinc and 100000 tons Of ffanknite both
above water level II Is therefore, the opinion Of ths
committee that to the main question upon which all
the operations Of the New Jersey Zinc Company reposs
In the abundance snd chapnes Of ir minerals the
suit In the highest degree satsaetory In relation 70
the cost Of manufacturing, Sc. the report says
The statements prepared by the treasurer and book
months continuous operations, and giving Al the items
In full detail have bssD closely scrutnized and
the works at Newark visited and the books there exam
ned by your committee They establish the fast that
both tie DRY oxides and the manufactured paints are
produced rekdy for Market at cost Of full thirty per
cent below the price ut which they find active
market. The improvements now being erected at the
ctmpanys works Mt Newark and which in the opinion
Of your committee In cvrry respect we'll devised aud
jubcoua, will fail to sGec. material economy In
the cost Of production .
The saes a. the past ten months have yielded the
OF Sisb by 49, and the eompanys sales agents state
tincy ct only have they osnd ready sale for all
the DRY ground paints produced but that early
May last the demand exceeded the supply that they
eeased soliciting orders
In regard To the financial condition Of the Company
the sBnexd statement Of assets and liabilities, s the N