The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-05-03


II appears BY this that the deposits of gold for the
month s. 900, nearly all Of which is from Cali
fornia The silver bullion deposited So $50 OOO The
gold coinage for the month S. ESQ., about four
ths OF which in double eagles The silver coinage
$4l9 007 the most Of which in quarters, under
the new act liberal amount Of dimes and half dimes
also coined. very considerable amount OF cents
and half coined. The increase In deposits Of
gold in the four months Of 1853 compared with the
corresponding period in 1882, amounts to $685. 769
Compared with 1851, the increase amounts to
S6,97s,409.
The annexed letter from gentleman travelling in the
Cumberland coal region, TO parties here, interested
stockholders in the various coal companies Of that dis
.rct, gives very valuable information 1t may no
be considered Of the favorable character
the truth ia not at all times pleasant agreeable 1t is
fi time that stockholders Of these companies understand
the real poso Of things In that section for there
immense of capital invested there, which
will produce cent in the shape Of dividends =
CUMBERLAND, April q, 1853.
SIR
take Advantage OF the present opportunity inform
you part sf the result OF examination OF the Cum
erana Ssucs, ana I various S coa. companies. Say
bids the arrangement In proper order Of the various
statistics which have been able to prepare in relation
give you only general view OF their situation and pre-
sent prospects, far relates to the getting out Of COAL
The property Of the different companies situated upon
Jennings Run," which have connection with the
Mount savage Railroad viii, doubtless, be ultimately
successful They near to Cumberland comparatively
and IL the capacity Of the Baltimore and Ohio Railroad
would admit oit they might possibly be able do business
with some hepe OF profit but the baltimore and Ohio
road from the of delays which incident
IL enterprises of that character unable TO fulfil its
resent engagements with the Cumberland Coal Iron
Company who have special contract with Il. If there
boats they might be able to the aud
ohio Canal but there arc Zone or very few which
HAIL In thnra thny 1oHlv nHQ
Leaving Jennings Run, pass into the valley OF the
Georges Creek, and come upon what, with time and
money, might become the hnest coal property in the
rceon Az Il is at present you can hardly imagine any
thing which stands in more unfit condition to realize
anything There are positively no means Of getting one
Ton of mercl antable coal TO market at presenno rail
road connection; nothing in fact upon which to rest
any hope Worse than that, in more than instance
the coal not there Of the vast tract Of land owned by
some OF them not 1.-THE viii can be made
available supposng that they had every facility for
transportation have gone carefully over the ground
and ia company with those thoroughly acquainted with
the district that there can be no mistake in relation
20 this matter. But TO make assurance dOubly sure
which viii open the eyes Of capitalists TO tho manner
in which s'the money goes" IL is indced the tn Vt
cme at eoormou. s.eraces arc endeavorns to retrieve
the past but their eorts will hardly avail them En-
eunbcr.a by mass of deb me result Of past misman
sgemcnt and gnoance OF the region they la vain cndea.
,or TO eat en the "oid Man Of the Mountain = specua
non, ana OF aeserntcn that cannot fail but be
Sfpns' groundwork upon which their stocks have
leen built will readily set BY the statistics now
tepg arr anged the truth Of the above statement.
You mas DRAG !our conclusions as TO how far you
viii be justified IN making any further Investments IN
these stocks but can readily be perceived by any one
Who viii take the trouble 70 investigate the matter that
IL. Of them have gone very far above their real value
The aDnexed statement exhibits the quantity and va.
ue Of certain articles exported from this port during the
week ending AID including Saturday, April 80 1865 dis
,,nyslnr the destination and exten, Of shipments to
each place =
,oxrpcs Q, lm Fom NV YcRE-wEEsiY Exports