The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-04-28


Compared with the corresponding period last year,
there been increase in the deposits of gold this
year. the aggregate of 81 3l 300 compared with the
same time in 1851 an increase of s., 81, 100.
We understand that another trial of Berdans Amalga
mator will take place on Friday, at 10 A. NJ, at the
Novelty Works. when the public will be admitted The
ore be crushed will be gold bearing quartz from Caor
MIA committee will be appointed TO watch and report
upon the process.
meeting Of the stockholders of the Madison and Ind
annapolis Railroad held in this city last week Ed ward
Sanford ESQ presiding and William N. vermiye Esq,
acting secretary. Mr. Brough Presi5 emit of the
pc n.y. addressed the meeting 81 ,ng highly encouraging
statement of the business OF the road for the past year.
and s prospects for the future He stated that the
construction Of the terminus avoid the inclined
plane at Madison going avoraby. Some changes
had been made TO improve the character of the work
which would its cost which estimated
a. $275 0OO The stockholders yoted unanimously in ia
vor issue of $4,000 Of bonds making the full
amount 5000 900 authorized under the mortgage be
applied to the termination just alluded to-
A resolution has been offered in the Massachusetts,
House of Representatives instructng the Bank Commit
consider the expedency of requiring every bank
report the Secretary of State weekly complete state
ment its affairs The order also requires that the Sec
Rotary publish in newspapers monthly abstracts Of the
returns, and that each bank shall constantly have
specie twelve cent of its capital and stop dissountns
when the specie on hand falls below that amount.
The annexed communication from correspondent of
abe London Mining Journal dated Detroit March IL,
contains some very interesting information respecting
the progress Of several adventures in that locality
have just arrived from Lake SUPERIOR via Green Bay
Before left the Lake, visited every working mine
Kswesnav Point Portage Lake and Ontonagon, and |
an happ, to cay that found the mines in better
nd arad I aptic
The shipments next viii exceed $4,000, 600 in
value.
The Cliff mine viii snip about 600 tons, yielding from
65 to 10 per Going through the mine
large Of pure copper from thirty TO forty tons
weight. One mass, in particular, ] noticed extended
from the sixth to the seventh level below the ad and
there Is more than hundred tons exposed, which
they blast down and they engaged in cutting
II out of the vein took up Of the clips and mes
sured it. and found it thirty eight inches long perfectly
pure The mine is wonderful, and improves as 1t goes
The North American Works which are a fewhundred
feet of the Cliff have, think the vein The
threw down. should think from forty to hf,y tons of
pure metal This mine, think, will be second Chf,
The Copper Falls mine has several large masses
posed In shaft No. 5 mass extends down some
forty feet but they have Just commenced drifting
thev tell ho~ large il will be- but should
think there Is now twenty i've tons exposed
The Northwestern Mine Is looking well, and will ship
The Phoenix is now openng the vein further SOUTH the
vein ia rich in stamp work
At the Ontonagon. the mines are looking well. The
Minnesota Company, adjoining the Ontonagon will ship
900 tons next season Going through this mine, no
tced the third level large which at one end
feet thick but u entirely pure there
being some rock ntermxed. 20 tons had been cut oil
from this mass, and there left about 80 tons.
The National Mining Company also adjoining the On
OF 900 feet west of the Minnesota They have 30
tons copper on hand and have line yein think 1t
lao xncda fha Mfnn0
The Farm and Toltec mines have fine veins, AMI take
considerable stamp and barrel work. and some small
masses.
stamp work varies from to % per cent and consists
OF hne copper sssminaed through the veinstone it is
very readily stamped and cleaned to about 10 per cent
before hpment.
Barrel work consists of small Of pure copper
varying from to 90 lbs.
These accounts not late as we have received
direct but we give them coming from discon
nected with speculative operations in the stock
The London Bdnkes' Magazine gives the following
summary OF the circulation Of the country banks Eng
land for the month ending March 10 -
Private banks. .E3 81 1876
JOINT STOCK pabks... zss0oll
Average weekly circulation OF private and joint
stock banks ending above 70 boo, 395
On comparison of the above with the returns for the
month ending 10th Of February last It shows
decrease the notes Of private banks Of. Ejs 920
An increase the notes Of Joint stock banks OF
Total decrease on the month ............. $50 sol
And compared with the month ending goth OF March
1853, II shows
An increase in the notes Of private banks Of ETA SOL
An increase In the notes Of Joint stock banks Of 259sls
Total increase as compared with the same period
OF last ....... 1884 423
The following appears to be the comparative state
the circulation as regards the fixed issues -
The private banks below their fixed issues G9s3 s34
The joint stock banks are below their Fixed -.
sues OBSERVATION-DISCLOSURES. 4l6 375
Total below the hNed issues, I'll 400 Zio
II is in contemplation to construct direct railroad from
Syracuse to NewbuJg, and surveyors the line
actively engaged In locating the route writer in the
: tacuss osnGl makes the annexed calculation Of dis
,ace syej By this road in reaching prominent Northern