The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-04-08

This road is only twenty miles in length, and is of
the wide gauge. The increase Of receipts monthly,
1t will be observed, is very large.
The Canadian government, having abandoned the
threatened policy Of retaliation, now proposes re-
duction Of duties entering largely into the provincial
revenue, and rearTangement Of the canal tolls,
with the view of offering bonus on navigation via
the st. Lawrence. 1t is proposed to allow goods
going upwards, through the ST. Lawrence canals, to
pass the Weland Canal free, and to allow goods
downwards, passing the Weland Canal, to 20
through the st. Lawrence free. The duties on re.
fined sugar arc to be reduced from las. to lOs and
on other sugars from 9s to g. per cwt; molasses
from 80. to ISL and other articles in proportion 1t
is supposed the measure will become law.
The Lehigh Canal has brought down this season,
to April 2, s,507 tons Of coal.
The Boston Journal gives the following informa-
ton relative to Lake Superior copper companies
Attention lately has been particularly called the va
rious copper companies which considered by those
most with these matters the promis
ing investment The abandonment of the copper mines
of England and Australia has greatly enhanced the value
Of our own, and stimulated enterprise by the promise Of
large returns. be indeed said this promise Is in
the course Of fualment Pittsburg, (better known
the Cliff Mine, promises to increase its already large
has declared dividend Of $50 the par value Of the shares
being sa2 Copper Falls, though they have laid
sestinent oil So payable IN May ana september to meet
their necessary outlay promises to be- in time pro-
ducsive the Cf-the yield will certainly be 100 tons
this year. At meeting Of the Toltec and Farm
panies held yesterday afternoon II decided to unite
the two companies under the Of Toltec Consodat
ed Mining Company and organize under the char
ter laws Of the State Of Michigan The nominal capital
$500 COO represented by shares of which $50 900
has been paid In They have $40 900 cash hand To
meet contingent expenses The veins they have opened
among the most yielding In that region and OF the
same formation the Minnesota, being only ELK miles
distant from the location Of that company The follow.
rg gentlemen elected directors for the year ensu
ing William Thacher, Augustus Coburn A. W. Spen-
cor BENJAMIN w. Balch Horatio Blgelow Charles ID.
Head E. 7 Loring horato Bgeow, Secretary and Trea.
surer
The joint committee Of the Legislature of Louisi-
ana, appointed to inquire into the condition Of the
banks Of New Orleans, have made the annexed de-
tailed report of each--
BANKS Nxw ORLEANS.
The general statements OF these banks furnished at the
request the committee viii DO found appended to this
report 30 condemned under its separate heads TO
give what material Besides these general statements
particular information asked for, the results OF
which are herein stated In relation to bank manage
ment and bank profits, which II thought might be
usefu pending the question OF a general banking law
which IL expected engage the attention Of the Iegsa
uro at the present session Among these special state
ents from the active banks returns OF the amount
Of the stock q each held BY resident and resident