New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-05-26

crosses &c Company employ Is men TAer prospects
s's in fev years be the most imDor
- = -. - sIe gaasLern Shore q Lake Superior y =
~ - barbor tie Copper distrie, ana mas i1e
~ /. eath IL tie vicinity to support IT,
IN = upon the Northern escarpnent OF he trap
- and In n. flick woods i Va places from 10 iee'
n rth al kinds of business yeryaetve, money psn'y
,,~rs scarce miners command from s35 to $40 per
rronth In the clear and work bot hours per day. s.
An extract from W Hn, Esq, approximations Oh i1s
Copper Falls Company gives the following infor nation
a1n expeeinZ every hear 10 see the deep aii Goa
,a,td with the bottom of shaft No J. Copper Falls Nine
TIE IN that part of the mine will never TDu'e as
after The lode looks wei. Shaft No mas n
or sheet Of copper in We have not vt male toe Gu,
through the macs IN shaft Ne. 4, Hl Nine e1Pec'ef
When Iat wrote vou that hOuld this get par o.
II out Of the mine II IS 20 inches thcs pure ~
do not believe We shall get il cut so a. 70 rase "a
days Thsrs is twice mnch mass copper rpJut ~
part Of that nine had anticipates Inc Iole
double thu width we had believed until very iaeiy
In regard to the summii Nine, Mr Hill writes thus
"Ihave some now at work, and would employ more
IL had materials work With. The vein looks nnes' "
fact a. well as any have seen in the country
Accounts from the Native Copper COmPanysre also con-
sidered favorable
The report Of the Bank Commissioners Of CONNECTICUT
states that the aggregate capital Of the hiiyhVe banks Of
that State including FIVE organized under the general Ia"
Of 1882 el3e50e4 80 exceeding the previous year oy
nearly 81 100000 The aggregate circulation is
CO. specie on hand, l,259e72 81 loans and discounts
s255 sO o. The circulation has increased s3oooo0
from last wear The specie has increased 100000 and
loans and discounts over s5OOoOOO in the same time
The Commissioners sude the practice recently intro
duced Of oaning the bills Of Banks for circulation at the
West the borrower paying from to per cent Tor the
nee and guaranteeing the redemption IN the same manner
as they we're biz own obcatOns This protected c'rcu
ation amounted in November last to 81 S55OJ0 ana o
ieved TO be- present. much above this sum lhe C0m
missionors say this i. not legitimate Banking,
abstract from fe reports Of the last seventeen years
is given from which it appears that the business has more
than doubled From 1897 10 1880 the banking capital had
OF increased 100000 but from that TO the present tune
IL has increased 100000 Guiding about s5l009O Oi cP
tai under the FIRE. Banking Law The Circulation wncn
was less than s2OO0OOO in 1888 and which up To $50 ad
only increased TO ei50o00O has now reached S2i o'O
The specie has also increased in the sane manner IRON
s4l53s6 in 1897. 70 Sl259s73 on or about the hrst Oh
April last The loans and discounts amount 10
against sl324G945 in 1897 aud S99-3s IN ls43 wneh
they less than in any year embraced IN the table
At Philadelphia there is great change in money rates
Some choice paper placed low ~ cent but the
rates arc more generally from 7iasl cent for prime
| bills.
The Chattanooga Ga.ce Of the Sd iast, says Of the
Nasivie and Chattanooga Railroad, that if the work Is not
DELAYED COR want Of iron timber the track viii be com
peted from Nashville 10 the bridge the Tennessee XIV
! er in about three weeks
The vote in Milwaukee the loan Of the city credit to
the amount Of two hundred thousand dollars to the Lake
Shore Railroad was 500 in favor 300 against the meas
ure.
There has been, yet compromise between the Sun
bury and Erie and the SBsquehanna Railroad Companies
The contract for the construction Of the Ssut Canal with
Messr Corning and others has been returned to the Com
missoners with the Governor approval
II is stated that the whole line Of the Oakland and OF
tawa Ra lroad from Pontiac TO Grand Haven, Is under
contract