The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-07-26

vlol,0Ze 4l-DAaoC0, ~ oI4oVl ".
Books of subscription for five thousand two hundred
shares the working capital Of tho Lake Superior Silver
Mining Company, viii b. opened at the ohcs No. Q Wall
street, on Monday August l. par rata distribution
will be made of the Of subscription.
We learn from the Jonesvlls (Mich.) Telegraph that
the directors Of the old Bank Of recumseh
the operations Of the Erie and Kalamazoo Bank hsve
met and resolve to put it In condition to
grind out ts promhes to pay.
Tho Panama Railroad Company upon the recent DE-
caIation of dividend, made the annexed statement Of
receipts and operating expenditures for the year ending
June %, 1885,
The receipts from passengers, mails, freight
ana treasure during the six ma.ths-esu,
mating tho month of June (the actual
amount Of which ID not yet recsived) ~
SO OO0-amount to tho sum Of .32S5 SIC IS
Besides > balance remaining oa hand, from
previous earnings of.................... 24,eS7 80
s2oo, eos 0s
The expenses incurred for transporting the
mails BY mules, &c, have been "a, $50 IL
Leaving s22e sls IS
trains while employed In the above ser
vics, has been 81 the rate Of IS per mile
Tor II, O4O miles, % zO0 w
Leaving the ne. earning. Of tn. road sl7l s4s s.
The whole amount Of stock issued, to this
cate-inciueing bonds ,o convertible inso
the above balance Of earnings On hand, the
declared .
cent thereon, amounting tO............. 100 To3 10
Leaving iii. net earnings. les. tn. dividend sel4lo 70
Due government Of New Graf ada, as per con.
aect three per cent on amount OF dividend 1921 %
Which leaves q surplus Of ............ SIS, 149 OF
TIE outstanding bencs of the company the 1s July,
ns amounted to sos 0oO which the interest for
fix mo1th,, s2s $780, was payable The Board report to
the that tbs road is finished and in opera
ton from tho Atlantic to tho crossing Of tho CAagrss
river, at BArbaccas ditancs Of twenty three miles;
and about eight miles will be 10 operation -
the of the bridge be placed the
Chsgres river the stone piers, which CON-
peted The Board regret that many unforeseen obstacles
have delay the pston Of the road aud while they
assue the stockholders that they have used every effort
their power to push the road to its present state Of
forwaIdnes they pledge themselves not to remit their
exsr,ion, bring the shole road tos speedy completion
The Nor rs Canal has made semi annual dividend from
tie earnings of tho company during the last hal. year. OF
per Its preferred stock payable at the Office
Of the CON psny Jersey City the second Tuesday Of
August Tho receipts Of the canal for the week ending
July 16 were So $751; against 50 for ths corresponding
wsek last year.
Tho total value of the foreign exports from Baltimore
for the week ending Thursday sls3 a2l or bread
stus the export has been very light Of tobacco 1888
hhds exported.
lR0o non springs hafuCed u Deng puEned fOf
with grsat vigor The company have all along the line
of the proposed road placed Of wherever they
could do with advantage, without interfering With
each other and the excavation and grading progress
ing very rapidly This road connects with the Hsrsu
Railroad at Chatham Four Corners the south, and
the Benins RAILROAD the north, the completion Of
which viii be made the fourth Of July next,
tempAted By the directors, and makes direct limo Of
Communication from the city Of New York, by the HAr
lem RaiLosd with Canada, the northern roads Ths
connection OF the Leban Springs RafoAd with the
Harlem Railroad Of immense importance tho latter
and will prove to be II great profit TO the stockholders.
They will derive very large amount of travel from the
Lebanon Springs road without any whatever to the
stockholders the Harlem. This will be the direct
| line Of communication with Canada We have always
entertained the belief thai the Earle would ultm stsy
very profitable dividend paying road and the uitsg
Of tbs road will in opinion, ccnclu,ive mako it ~
profitable rail,oad as any other in the country.
The Harlem Company, after providing for the August
dividend ststsd they had surplus OF 5000 in their
bands after paying dividends and interest on debt
There can be doubt whatever that this sum IL suf
cent to pay than two per cent additional to the
dividend they bAve declared.
looks OF subscription to the capital stock OF the Rock
CABIN Coal Company will be closed on Friday this 10th
inst 1T the Office No 33 rfnity BaldDgs The capital
OF this company $500 OO0 divided into shares Of s.
each IT three thousand acTes Of bitumiaous coal
Apds 10 Cnton county, Pennsy lyAna, admrs located
Tor nniDg operations in the mmedats vicinity IL cAaA
navigation and rails Dad fsotes Three large veins Of
coal occupy the lsnds above water level The
distance from Pbisc elpha these mines is Ave
miles less than TO any other bitumnous mines in
PeDDsy lvsniA.
Distances from Rock Cabin Mines to PhilAdeL
thi.. by rslrdad zZ9 miles
Dir,ar oe I ON Ro;k Cabin Mines to res York,
| by canal ..... .....t.................. 397 dc.
D.s'aecs nom Rock Csbia Mlnos to New Yofk.
by IaiIIosd vsen nDlsned................ Z4I do.
Mr. McAlpin, the State Engineer Of New York. sets Il.
dosn 81 general rule thai ths OF trans portation
on such camel the to these mines is four mill pee
ton pee B,iie snd u raih cad, ga conEec VITA
New York o mills per ton pee mile. Az double
EFT mates ne cost " p1ing coal fo RJcS C.ota
Mines into the mlrkat would be Sc follows
To al cost Of miriuy per ton....... ........ 30
It.ys pot lati0n New IOfk Jsrsry City by rsil
lo~d.....t.'s. ......+'s''. ''.''''..,. Va
Ccst IN N"~ york.. 81 ~
l9ouCt twelve ....,,.....,.. II
Totsl cost a. Nsabtt8e 50 u
ltumuaoUs coat u a'erof lubIity 70 the Rick casa
ras sod tas ekt % aa 1,ctagg pdos 81 81 81 pee
teu. f,t tire last ter ytHts,
rie Ii. slrn1or Jou1o, n recent d,e, gives ths
f5lashg Interesting ,ad imp1 t,at iatornttoo rsttv'
10 ths q mug parions ara oYsmenis gcsg Oh b.
o.. ontcuseoa teg,oo .r-
The n ts or noe Jotot apoh regoa cast II t6s i5rt
Cta sft r.urfFy iupA zoe yrfy +l fU3 r14e ltlaf tt
nitrBEtHtrtUt Hatty Enu III. 4, ht3 oos ~ Ga.d
ctt al htou 80 irtf ~ tur effs IF ~ fauft' towel
tteNein ftt rsot ! otaaf0 lmPf'Viihf' ~. hht 2
,r,o orc ttrS ia h, csIt buaso haa ilt'oa41,,