The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-06-17

Total increase to GATE for 1868, pgs....... 6310i
We learn that the lover mines in Missouri ara employ.
ing all the hards that be obtsined and with In.
Of mineral The high price Of lead has induced
many persons to engage In mining instead Of Continuing
their ordinary pursuits AID BY the end of tho year the
production will be materially increased
The Boston Journal of the l4th inst says "copper"
mining stocks sold with freedom. Copper Falls,
Forest and Toec most prominent and show higher
quotations The friends of these stocks feel quite conf
dent Of theft intrinsic value No letters hsve
ceved recently in regard 70 the Forest but those who
best informed tnue be sapguins In regard to
its merits, and believe it will become good dividend
paying mine. Copper Falls is spoken OF beyond
toubt ard dividend during the year 1S54 is counted
upon aa quite certain. 1oltec Is atm n1~orta and
decidedly upwald in its tendency at both boards We
refer to these stocks they received By parties in
the tleet who have faith in copper mining ene-prises
and although ha peen disposed to think that too
much "steam" was generated in the temporary excs-
ment which prevailed recently, have nevertheless
always expressed faith in the Of many Of the
companies atarted Copper mining cannot be tested in
month year. 1t is work Of time and the value of
this Or that mno, Independent of speculative prices
cannot be calculated with any accuracy. While, there
FORE could not argue anything particularly Favorable
to intrinsic merits from the imitation Of prices which
iIdsc, inmate and reckless speculation produced,
| which was inevitsble.n
| company Was organized under the general corpora,
ton law about the first of last February to construct
Isroad from Utica 70 Clayton the river st. lawrence
distance Of about hundred miles, The preliminary
surveys preparatory to the location will be pleed
this week AVID the report Of the sneer will be publish
cd The estimated cost OF the road is between two
and three millions OF dollars but it is almost invariably
the that the actual cost of railroads greatly exceeds
the estratos. Those interested in the projsct say
that something Ike million dollars have aleaiy been
subscribed. BY act CT the Legislature passed the
27th of May last the city Of Uc, was authorized 70
stake stock in the Blesk River ard U.ea Railroad, and
to sell its bonds to provide for the payment thereof aud
Monday last pursuant to the provisions of said act
the question submitted to the tax paying Of
the city, whether the city would take stock amount
not exceeding two hundred and fifty thousand dollars
Almost the entire vote Ia favor OF the citys taking
the stock The net the issue Of the city bonds
provides that the loan shall be at Of interest
exceeding per cent per anu, for period not
ceeding twenty years, and that the bonds shall
disposed Of for less than par II Is proposed put about
one third part Of the road commencing at Uica
contract within the next two months AR Theodore S.
Faxton Of Uca late President Of the Now York. Albany
and Buffalo Telegraph Company, President of the cor
roraton Mr. Z. g. Merrick, Of Clayton the we,thest
citizen Of Jefferson country is Vice President and Mr. D.
| C. Je,ne is Chief Engineer.
The Harvey Steel and Iron Company is the of
association organized under the general manufacturing
law OF this State, at year, by the election Of Eugere
Bogsrt Esq President; James Oliver. Esq., yics Pre-
sideDt j. W. Harvey. Chief Engineer L. r. Billings Trea
and Secretary The Board OF Trustses ia composed
d Eugene BogaYt, Edwin Hoyt John A. Davenport. VIM
Rider, James d. Oliver, Tarrsnt Putnam Samuel Loru,
4. F. secor and I. W. Harvey. The company commenced
operations In the early part OF June, 1851, with a
capital OF 0oo divided into 100 shares Of stock
The pr value Of which is $40 psr share The company
fourteen and half Of land Mot Haven, i'm
mediately adjoining Harlem bridge with water front
| upon the Harlem river Of thousand and sixty Ave
feet with sufficient depth Of water for tho largest class
Of vessels sTodirg size for the location If iron aud
steel works, uneqried by any other The company also
hosa lease upon six lots OF land, with the privilege OF
purchase situated 10 the east of the railroad, adjoining
and pose the lite just described at Mott haven sheso
lots occupied ~ the furnaces and steel worss
cessfu operation, ana they erecting large
ling furnace and other i'm nents which near
~ completed enhancing tho value Of tie property which
otherwise has advanced from the great Of popu
atien in that neighbohood, 70 double the amount 70
CURED by the terms OF the The mpany sso
valuable forge property at Caoasn Connecticut, where
the larger por ton Of its ror wade there Is
two market In that vicinity for steel and iron, suitable
for tho higher railroad aud ecnsnosl purposes at bot
prros than sry either American and imported iron vii
Command.
The mining rights Of The company include sight farms
n the town Of South East Putnam county, In this STATE
From he Published results Il tho invesgationslnade "
ne stais Geoiogist in 1s47a marked preemnsncs "a
vveu u tbess mncs over all others known upon Any part
az The globe II was well known in that noght srhoc'
soma 8fy or sixty years ago that excellent iron orr
bod ar,ssd there which was deemed Of such importance
a. 10 pay for transporting the ore In some INSTANCES, 70
ssy or xty miles, ,be backs Of rv'es 70 the raac'
The whole population became trprssssa with s vso'
that even TO his day man. fasmors tAvs spec'ss o.
hoe In ths ssspo Of chsns, wagon tgos, 80, &c save
40. graz. cara IN sp~o~. So.Ea h'ty or ccti
rsa.s aaos. xosA e. ShsecsA became ss'ro Il -