New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-02-28
rNHE MADISON IRON and MINING COM.

PANY, Incorporated by the State Of Missouri. with a
paid up capital OF $4,000 and authorized by special enact
meD of tie Legislature 10 borrow OF money mort
gage sdesrOus OF negotiating loan Of 100000, bonds
maturing In New York il five, ten fifteen years secured
by deed OF trust of the whole property of the Compa
and bearing coupons for interest the of eight per
cent per pays bic semi annually Likewise in thus city
Of land large portion Of which OF good quality for asri
cultural purposes IL includes several valuable beds
among thSm the celebrated PILOT KNOB MOUNTAIN
OF pure iron oreal situated about forty miles from the
Mississippi RIVER in Madison County, Missouri. The loca
ton healthy and agreeable. The
lively and pohtGby engaged in su ng the unrvaed ores
Of that mountain and Of its vicinity. They have large
ssturnace forge with twelve fires fos making blooms
suitable houses for workmeD and Offices stores &c for con
du:Dg the business. Tie district abounds in limestone
and sandstone, and in all the other materials for facilitating
the manufacture Of iron The suroundn country dense
y wooded and abundance OF excellent charcoal delivered
the furnace at four dospe hundred bushels The iron
is out roasted, aud delivered at the ehead
for under sltO for quantity ample to yield tin Of iron.
An excellent foundry iron produced at the Companys
furnace ats lows cost as anywhere in America Yielding
recent depression in the iron trade. When using the cod
blast the furnace produces an article which, for blooms and
for making cast steel unequaed in the world There IL
coDsnnt demand IN St Louis and Pittsburgh for ten tunes
the s1 metal si, the Company can produce
Of uniform quality The ore peroxide Of iron. slightly
magnetic after roasting aud yields 65 per cent OF IRON
Tie mountain contains ore enough to supply the world with
The managers of the Madison and Mining Company
propose build large add tOna furnaces for lncrsns
Il cir production OF iron and the money aked for will
be applied that purpose and the works erected from the
proceeds Of the loan will add 10 the value OF the curty
now pledged for its redemption. About 10000 in ca
has been expended in improving this property which
worth $4,000 and is earning very
on the latter IL is thout any other incGmbrsnce
whateyer the titles perfect and value will be largely
increased by the open of the ST. Geneyeve Plank Road
which will take place during this spring. and will the
works with the Mississippi River company has been
chartered and beTsy endowed by the Legislature OF Mis-
souri, for building railroad from this IRON district (eghty
miles, 20 81 Louis and It's completion will be Of ueuse
further beneht 70 the cOmpanys property reducing the
rate Of freight 70 st. Louis to OnefsUh Of the present
prce, which is 80 per ten.
The Company soct proposals for the loan Of the above
named OF s00 geo and viii make the bonds OF such
length snd in such form will be agreeable the lenders
Liberty has been given TO refer % Mr. Choutesu Of
firm Of p Chouteau, Jr Co; % Hr 2. w Clark Of the
finn CT CLARK Dodge & Co.. and 10 Nr Ramsay Cooks
No. IS Broad-st
Further particulars be had application to SINE
on DRAPER, No. 10 Pine-st.