New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-02-05

srrng trade over the whole distance Of 157 miles from
Prfsburg 70 tina point The TIMBER o. tne
tare u nearly all down and The iron u laid from Woo
ter 70 Lskev lie, point 10 miles from PT,so1rzn 70
which the construction trains Al or near ne
point the sfrin field, Mount Vernon and Pirtsburzn
Railroad viii ntrseet line, and form irs best snd
mo-. direction With Cincinnati With the adTan'azsV
light grades snd cheap hne through besunful cou-
try we ssfisGed that this route VII compare iiso.
ably with any other that may be contructed or pfss
ed 70 connect Cincinnati with Pittsburgh an rn-t-s
phia From Mansfield the iron has been lald 1870 -
10 point beyond LucsS, and the work y II progress "
both directions from Msnsdeld.' .o5 .,
THE Penusylvaaia Railroad Company has asrssd -
futscribe $4,000 70 the stock Of tbs COMPANY, -
expended In constructing the connectOn 49,. - :.
two roads 10 the City Of Pittsburgh snorI ING, %
easy viii also be needed DetWeeh
sac Gallon distance Of about 81 rniis " prIs III
con1ecfon with The Beiefonndie am ihiIn.A I''aI'
and with the Enes leading % indian pOs an - yu1'
Eego,isf ren6ing bat not yet concluded, IN re-
With ABSORPTION az the brink Of rupture WIZ the nes
The people interested in the Copper aud
Iron Mines Of Lake Superior have long felt the wan. Of
liberal law for the formation Of Mining Companies in
the State Of Michigan, and in compliance with the
general demand Of the Upper Peninsula" the Legs
Isture has Just enacted the following;
AEAcT
sgbcrse IL formation q { rpyroas, of MIMI m ts
Or Manufacturing ifoa cgs AnsrS Cos sger' AID Other
srcTIosI The Peoole Of as s,ae Of Meaig1a enact,
That any Dunber Of persons not lees than tres VINO y
articles Of agreement Ia writing have associated or VINO
shall AsOcatC themselves tJgstner acCOIdsag 70 tAo PV
visions this under any name by thcn 1nsd Tor
epurpose carrying te busnessof Mining snetiHs
Manufacturing Iron, Copper, AnsTs Goa, SILVER q
other ores andYho shall comply with al ne prJyo u
this sh8 with their Successors and essgus, D. ana re-
main body polite and corporate under the name by nen
81 The amount Of capital stocz Of every sach Corpora
ton shall b. fixed and limited by the stoezhodsTsa t9sr
Ss The psTpose f0r which every such CoTorion shal
be ESTABLISHED snd the county or counties WI M Wdc1 y
IL proposed cary ~ basuess shall % asii acJ ana
definitely specified in their articles Of assoc alJn AMI y
sinai not be lawful for such Corporation % direct rs opera
a. Before sby CORPORATION formed Or established under
ihe authority q s act shall commence business tas Pfen
dent and Secretary Thereof shall make cert1cae sshg
forth corporate name the purpose for which such Corp
Grafton OIrDed the amount ofcapai stock thereof the
of sbsresnto which the capital stock s divsd the
Der Of directors and their the name OF the county
20 he csrrred On which certiacsie shall be signed sni
sworn 70 by the President AID Secretary Of said Corpora
ton such certificate shall BE- dep5sited VITA the Secre-
tary Of state and duplicate thereof with the Clerk OF tue
County or Counties in winch the operations Of such Corp.
Grafton % be carried and tie said Secretary and
Cerks respectively shall record the ne IN books 20 be
kept by them for that purpose 800
rs When such persons are organized Aforesaid they
shall become Corporation, with al the powers aad plv-
ieets aud sub eot % all the duties Tenctons aud ab-
ites SIT orh IN cap Of the Revised Statutes Of 1876
20 Every Corporation formed under this shall have
name Dc6tns is corporate character and that not the
name u any other Corporation.
a. Every such CorpOrat may in iis corporate name,
hold al such real and personal estate a. snail be necessary
for the purpose 0foOuducHF the business oslc Corpora
tOn and ugy convey the same Of pleasure provided, the
real etlie thsll not exceed $500 acres
58 Every such Corporation may increase its capital
stock and The number Of shares therein at any meeting Of
the stockholders specially called for THAT purpose; provided
that tho President and Secretary OF such Corporation shall
make certificate Of ch increase OF s capital stock and
shares which certificate shall be signed and 10. and
deposited and recorded as IL provided ~ the outn section
90 The Directors ofsny Corporation that may be formed
under the provisions oth act shall annually m the mouth
of January make ceTtihca.e containing statement OF the
amount OF capital stock OF such Corporation actually paid
The amount Of properly owned by euch Company /
and OF the dehts due 10 H. the LEI day 81 December ten
next preceding tie amount Of Oh existing debts az tnst
,nch Corporation, nearly the be ascertued,
which certificate shall be signed aud sworn 10 by tle Pres.
dent end r Of such Corporation and filed with
Secretary Of State and duplicate cory thereof deposited
with the CLERK OF the County OF Counesin which the Dus
Of such Corporation If carried on.
10 IL shall BE- lawful for thu Directors Of any Corpora
ton founded under this act 70 levy on the s1ares
of stock AID forfeit and sell he same for payment Of
any such assessments In such manner the Corporation by
its by-lAWg may prescribe Provided, That such stock
holder ha reside IA this Stae the stock shall be sold At the
Counties in which such Corporation is doing business giving
AZ least thirty dsys notice thereof IA some newspaper pub
lshd M the County or If no Newspaper be published IN
SAID County then 1t shall be published IN some newspaper
H. Atlssst one Of the Directors of every Corporation
organized under the PROVISIONS this ACT sha at all tunes
boa etlzen ard resden' Of the State of Michigan upon
WHOM service OF ali process against such Cooperation may
be made ard such service shall be deemed valid service IS
against such Cooperation
w. AlCOYoations formed under the PROVISIONS o. TINS
net shall pey mo the State Treasury SPECIFIC teN wnci
shall he VI lieu II al other olo" every 'lcl Cor
dollar for etch hn Of corner obtained every Crp1at0n
engaged in iron mining shall pay Tax OF ten cents i'f eacl
mineral coal shal py a tax cent each tun oco.l
obtained and such Corporations ~ ha be engaged N
mining gold silver shG pay tax OF one per eentam on
the value Of mineral obtained
u.s. The stock holders OF al Corporations formed under
this shall be Individually liable tor The payment OF all
labor performed for tuoa Corporation
~ The legislature may for cause at any time alter,
amend OF rep ths aud 0so aunal Os.ss0lye
Corporation existing under the same, 10; any Violation Of
IS 40 sotentted an act 10 authorize the formation OF
Corporations tr mining smelling or otoas iron,
GOPHER silver together with all acts which
s;eni with the provisions Of act be and tho same
hereby repealed.
Markets. CAREFULLY REroRrED ros Tas fS,nuSg.
FRIDAY, Feb. T.
ASHES The market is steady but quiet Sales OF Po,s
asa 62Ad ~ Gsi ana Pearls az IS IS.
COTTON This STAPLE sfll heavy Sales Of t10 bales,
and ot the last three days 100 bales q &C. decline
FLOUR AND MEAL There is httle change to noe ~
the value ot Western and STATE Flour The iucemeney Of
the weather and ihe absence Of the steamer restrict b5s-
The inferior rTsdes m limited supply ana very
firm AID wanted The better grades are selling slowly IA
part for export Canadian inactive and 10 no nnAl AZ
a. 50a IS sob The sales Of Western Csaal are $500 bbs
etsl 81 sSfor Sour 81 stdss % for sup-rue s. az
mixed TO fancy Mich gan and indiana aad g 68i :, -
Tor eOrnuUu 20 sood Ohio. Southern Flour very irm
TIE better brands buoyaut tn demand fair sales Of 4
bes a, IS 7SS s. s5 for eouiraen 70 i4r baads as So
- ls for good and hvorite trand and 81 y 81 ~ Tor
Fancy Rye floaI Is sies5y and g9iet a. ~ 5sU - -
wheat Flour Is dull ana plenty ~ 81 Gsi IS y leo rs
GRAlN-Nheat "a hardly - firm, especially the
mon Qualities o'hes Amds are held mere ARMY and prices
EN- nsl IS and a0oO bush. prime White OHIO al aboai
81 So Rye s duh and heavy a, 9o89le Barley Plea
~ AMI heavy sales Of SEQ bash good rowed Al Ii
Oats abundant; and heavy dSc for STATE ana
&aH for jersey. Corn IL dull and lower; the demand
mainly for ihe hone nsde s1les q buzz At ga aSi
&c for mixed Soa,hern Tor do White and es noe
VI Ia Fkafa ~ With -