New-York daily tribune., 1854-08-24
N Aucr.. sfeeu new banks with an aggregate cspi-
AZ Arr ooo COO vent ato operation. During the three

cry 10 August, ffteen new banks wnn az ,.po
go. .. sn,ssrs by the returns, al the banks oi the
pop purchss.d s22 600 OF state stocks hese pur
sbs,es toeeh,r with redsmPions that nave ttHen
49, H. y ssr,ed The Stocks Necessary for banking par
xss. 20 become ssscetoo scarce Tor ptohiape otnHa5
On them The aggregate amount hen oy 'hs n1nSs INK w.
s.ann, depended upon the capacity OF the market ID
ss,sip Le eirc ulsoD based them Toward the close
f e .autpt year 1853 the elements OF high prices aud
Esilroad activity ceased TO operate on the contrary,
tbt, became oul and prices fe during the cfculat,on
= uton the Banks compelling them, hrst, to stop aus
eopns io find spece to meet ther notes, or 70 sell In.
0aosks Here were the elements Of a crisis. Az
this juncture the SECRETARY Of the Treasury step,
ped forward, and paid gold for s2o 900 600 Of federt
soek A. tey were presented What remarkable in this
T. that .he purchases not appreciated an
ia they ceased 10 Illustrates during The activity oi .he
esmso stocks for bank use the bank Influence 40 tne
ess. of Eew.Yoik combined with the canal interest 70
procure the adoption Of the clause altering she eonSu
non by which 5000 900 new STOCK mshI oe ss9'l lot
canal purIOses The State is now IN tbe market sI e
sale Of 20 coo Of that stock The bank demand mas
however ceased for stock year since he whoie eoaa
have BEEN readily placed Inc D4nSs ".ion no, @ d '17
United stAes Stock would pr0baby be gad 10 c1anSe OH,
bat the Secretary longer buy cgnseqaeny thee
no fxed price ct which TO sell The United S'Ae' stock,
snd tbe Nv. \ otk issue will 20 at low hSure.
TIE Detroit Adsertiser Of the sth INST; says party OF
gentlemen from that city who have been spending the past
ur or five weeks in The mineral regions OF Lake Superior
have lust return,d d. and give the following nfornaton
Tsv ,ay that tho village Of Onionagoa has much i'm
proved slice last season. and quite speculative spint
spift,t in village lots; tba the piansroad being con-
sueted from Ononagon to the mines IL progressing rap
Idly to completion. About nine miles are already con,
pled and The whole grubbed ana graded nearly 10 me
Tolttc mne That the mines generally in that region are
all looking ve and improving az the working OF mem
proeresses. Many Of the new mines nave ou' IeH eu
suuoy ed on ibem but sufficient to explore anu open lneH
,es pr, paraory working large forces on te c0npe-
ton Of tie saut Canal when men and provisions VIII De
obtsip,d at much ess rates than az present. ,,.
,,r SeS'b .sd employ. Shout hundred and ffty
hseI,Ic hns sdons ea, and esrries the same vein
Ti.vml of ng IosfsssiLf TaIdy Ia 9nnpg sdls snAiHs
's P Eccll,0d both Of which were foIa
nps vigorously PVseued and large qusuttes 0 copper are
Hasls Mine mex, tdDDg the east haye fne show and
have eonepcd orvDg Ad into the ban from wcn aud
"Y R1asfep Blur Nine half mule n. ad shch rnn' in
sIep tn s,, en- m 10 H e ss peSes when mass Of native
copper nek wieh they weIs un;b to s1t @ from on . ees e
epsI item 20 prosecute The work succesfuy by having
a.. bved tts end Of the sSit in shining which within Of
ne ss barrel Of ana. S%S % % . GD Iae s
asy Of puIe COPPER wsshs ~ ponds was & axe. s % @
i've copper be thushout the entire dssnce ana wtha
Or, .., nj h ,fy feet scuoi he crop.
sh The .S o %S s sa & e. set lo% e % ts ems
srures; ..,, 49,, ,ho .,v.,,rr. Merriam,
Ohio ATTIC and Pheaqua the Of all In
opening their mines and encouraging prospects ans be-
The lorse Mine sbOu, nOnhes, the Evergreen hasa
sLby horse roseI which will be put uPon
the
copper from their siaps, Iais mine unds tbe
able Of Mr. ga with whom the party dind
and bs soy bin would have done dsoredt to the
Bi5dls House .
The gomsi Mine joining the east h new mine Of much
premise 1b' vein exceedingly rich In stamp and barrel WORK
and e1Ip,r Ii.
lime has been wukd has more ound opened hsh any
40 the dsiict sud the VI ins LOOK exceedingly well
tbe Steel Nine adjoining on ts east new mne's opening
large sid pf m'sng veins
Dopl. HushCD Mine adjoining on the northeast Is in very
doD aud gvs pOmisc Of amply epzyng tue
ar,bod,s ter their hev, outlay They have made large ship
aud stu aIerse quan
ready ment They have perhaps with one e1cepSn
olitE opepd than other IN the dstrct In
nine the OF Mr. joseph Coulter gentle
nj Of IA ueb rience 10 Lake Superior mining
Buffalo Nine half mile north 10 mine the working OF
Hntin old in the district much experienced IN
nnus. The vein, Is faT opeued, LOOKS well
III Dor,do Mine adjoining the east owned by company
inst oas on nds prcep;ed by mcs Berry aud Greer ct
whom Il recently purchased by aocisso Of gentlemen Of
onCrtgon and Detroit
The AHany Eeeniag Journal publishes the following
statement of the receipts at tidewaer by the canals of
this Saie:
Tie qr entity Of Flour Wheat, Corn and Barley left at
tide ater during the third week in August in the years
1883 and 1854 IL follows;
Flour bbs Wheat, bush Corn, bush. Barley. BUSH
yaS,.......... So 564 328
BS4......... sS97 32g4l 1882 226ss