The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-08-22

The February report comprises returns medo oy the
aT bsrks branch and the June statement from
EOS banks The June repor. embraces tho returns from
81 banks in Nc ryok city 4s TIC associated
60 p0yidus 20 ha. closing up The tsrdiuos
exhbittc by publishing, al this late cay the exhibit of
tie banks in June last entirely owing to the iDdGs
Of banks and the late dates at which some of tho
reports are sde the return the department
N sts OF the II h Of August.
The annexed letter from . correspondent at Eagle
HsIbor, LAse eror, Of the London Mining svsa
sccoun Of valuable Of mineral land recently
purchased By the Lake Superior Land and Mining Com
Iapy. This company have secured several very Large
sections of mineral land in the mining district Of Lake
SUPERIOR the advance In tho value Of which must before
the Ispse of many months have most favorable effect
the value of that etock.
IASg SurKRIoI C0rPm MINING.
SR-At leceth the operators ia metals are beginning
to bc alive 10 the gaue OF the mineral lands In this SEQ
ton The effect OF this is in the increased ecy
of Oreat LIS at all the Old ~oiks, and in the impulse
given be Oh for e ocsoas The advance 10 the
value of IN consequences Ct thi late though
tue estimate Of the cepso this region to Je large
facility abou. to be created BY the cansl at the Ssut Tor
sending the orc speedily TO profitable matket exceed
irely large. but not more than might be expec ed
although there above Of mines In sbe Lake
sus reisu which wouii bring this moment l0o 600
that cum. The capital, SKILL ard energy now beicg
ez pen6ed Ia their Development VIII give such boun
eurn, that the g,aa inyes.nsnts viii sink iaso
insignifceEce
Anosg he Strangers who are In this locality speciacal
y emerged IN surveying End exploring, are the Hen
Truman Smith. United States Senator Of Connecticut
and William Petherick, Fig, OF London, &. b. Tho
has sp " Seoa e It tract
sel"ps.r !. shc North vest linpg Company, where
bas been highly successful and the LATTER gentsm Az
retainsd by British capitalists has made most
coyefu survey Il ricn tract teo miles south Of
Azure Ha with which he has sxpresed his entire
teaoon sts ttst tbs ppesapce Of the veins is such
ell Dde1 prosecution, aud Justify all
Ieoss ary expenditure Tor 'ler develcpeoeut.
ceut on tina location which Is cessoat.d as the Lake
Suue,ior iiiGipg Compapys With friend aud made
notes Of the veins ccosairg It, which are at your
dispo-al -
veyto sud opened y cut.iogs at the surface at
eleven 5.yent po,as, within distance CT "A feet
Is tbst y-ries from two 10 feet in width II
is comoetdo OF the seIne material the Copper Fss
and .,hrs valuable mics susted the range
OF rrss snd produces copper In pieces OF from twenty
uhos do"nwufos thoroughly disseminated through tbs
matIix An sct level be 6riveo in tho ba Of
The mountain that viii give III feet Of sLoping ground
above II fer 3 600 feet IN leE 9Th.
Vein 10. is situated sbaut SEQ feat wcst running
ratslei, composed Of The material (aumo oite
Irebno, quartz and cslcsrious spar, In nygdsoidai
fIap), with copper disseminated through the matrix
varying ia ritth fio three ten feee the surface
Vein No s situated about qusr.er Of mile east Of
tho hiihfer vein the evidences at tho surface ere
equally good they at eihcr OF points
md here the company are prosecuting an exploration
that su soon show its depth.
There other hat have teen worked by ancient
nirers Come CT tho pits trenches have cleared
ouf ard the ye,na are exposed sho gpg copper In small
pieces disseur ated through the vensone Zach Of the
veins have good and well dt- ed wes and soptan native
copper crossing tis sorrason and doubt are trpe
vers OF secondary completion. Looking at the prospects
OF tho location, thoro Ia vbis why these or
moe good dividend paying mines may not Do essAbshod
on tina tract
IL my rsxt viii give you sketch Of the position Of
one or moro Of the other valuable bcng
ogensd In this region. d. II. VI.
Eagle HaIbor, Lake Superior, Michigan, june 81.
The Crown being the chief lord Of oil mines In Prussia
accurate statistical accounts Of the production OF ell
mines are a. the command of government, and the re-
turns are annually published The statement Of the
yield Of the njnes In 1889 Is the following