New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-01-31
p, dat Gu ~ it day Of psoerabsr Last the total amount

hsrn dat Gu 'b s. day Of Daeeraoer sS' 'ne '0.'
= 80 .bs nineteen Insurance Compsuies
.re oeorpora.sd with specific capital was
90 b;eh by far the greater portion $500 ~
- al. N.:ssclusetts Bs1k Socks. The am,uns
md wa sI626l3; reserved or contingent tdna'
.,,soIs There was ctrsk marine properly s's'e"i
- Gre s7lIlol34 The amount OF ire losses Paa 'ne s'
-, uas s2e6el5 marine losses, sle6iso' ine e'e's'
Svisepd was -, p cent The country ofiees W'''0"
,,nser, possessed capital Of sislOo' mo'u! n'S- q
= Tsrt stock They had cash hand to the a-a,unt OF
s..,os On marine risks there IS OIL ioi on FIRE
an ss77l7 The amount OF Losses was oy fire, sl1lsaI
- tv water s2.olo7 The average dividend was 25hs
Pcent
Df,h Eileen Mutual Mss;ne AID Mutual Fire and II .ras
rr u,arce Companies in fle sfs the asses were De
20 nbfr1 SsC1Oi7 cash on hand Tie amount in
sured during the yesr marine risks was si249si Ca
tire amount Of pr MUM the zane, f3is2442; and the
Io,ses pad s2lssOl7 Tie amount insured on fire risks
.s sss a7e77e; the amount of premium slo3ieii loss
s74s The amount OF dividends niadc IN the Last i've
ysar wasse0cs5J
The aggregate amount insured by existing policies Of
\ final Ere Insurance Companies on the IL Decenbef
us sleo s93es6; the amount OF premiums and dh?oss
.iyoa On the sasne was ss5olOio. The en,unt Of pre-
mn, and deposits received on policies issued the past
ar wa; 1854 the emoun. Of loses paid ea7asO2
TEe Boston Journal gives tie annexed history Of the
Cspper Falls Mining Company
ILe Corner Falls Mining Company Is under me man
sreeut Of Boston men, and its socs "a IN poal e.or
dc here The conpf1y trGct CT ur tnousana iOir
hundred and twenty ceres embracing the entire northern
tnle.ous range for three miles IN length from east -
wst The east linz o. this location is about mule IRON
Escle Harhor Several veins have been d-o'stsa upon
fa uropefy averaging mile in length across IT.
NO Of ,ese are now wrought hy the CON ary On the
mt easte1ly Of these called t Copper Falls ven WORK
MS conrneLee in June, 1851 There are now egat ell AIS
u,tp tbs vein the deepest being about 800 feet and an
Adj level hes been driven 1000 feet Ga tic other
ox :her ISL On This vein SIX shaft ave been sum-
and tS.t canied in abcnt 200 fe, lhoe o'ler adS
have been commenced the lowest Of which ~! drain the
nine 70 the deptb Of COO feet.
Bnt ie sopng hss been done yet upon either ven the
labor having been hitherto applied 10 opening tne mines
on 2 vely extensive scale.
mne this year. taken principally from The sLails aad adt
which yielded about 10 cent pure copper .hs veins
rc and Of tie same character ne thoe o. the Gnu
art Minnesota Mines producing tie copper IN masses,
bar and stamp work. The stopping ground aFeaiy ex-
osd and an accurate knowledge OF the character Of the
vcia gained in sinking shaft. and DRIVING Levels enables
tfosc otrt need in mining by cac liicn Of the cubic
feet and the per centage os yiel 70 estimate very accl
reiely he nj of mineral Which can be raised with
the .rces employed In this way TIE managers o. the
Copper Falls Company upon TIE ability oil the mne
to and send to market during the present yea not
less than 40 OF mineral WHICH at the per centage Of
10 z cent heretofore realized viii give to the Company
poduct OF $50 tuns Of pure "copper" this NJ 20 cents
h. hicb is considerably lover han the present market
poo, will give result of $4,000.
The object of the Copper Falls Company in the opera
tions thus has been prepare The mines Tor production
Oh large scale in order to give iu employment to their
maciinCIy ready for working
1hc Company have erected good buildings sufficient f)r
fhe accommodation of cuO men. They have steam en-.
gne in opCrotion Of sufficient power to carry sswIni
End forty heads OF stamps The mill is ia operation
ard the stamps viii be in motion There are excel
lcn roads from The mines TO Eagle River.
The Lumber OF shares in the capital stock il 10000, IN
The fmotLt now paid in on each is sl3. Another
assessment will be levied next spring not exceeding 8
are and this is believed 10 be the last which the IA
rspy vii require. Tie managers hope from the product
OF 1854 to make dividend during the spring Of 1855.
Tie Company is Organized under special charter
forn tic State of Michigan. Joseph w. Clark, Of this
city. il Presidents lorao Bigelow, Treasurer, aud the
mining operations conducted by S. ~. Ill., gentle
mon OF expersnce and intelligence in the mining basi-
nefs.
Tie amount expended this mine TO Jan. !, 1851, is
sIG7 Geo. OF Which $4,000 has been realized from
monts and s37 coo from sees of copper. The net pro-
seeds Of copper SOLD in 1888, was $4,000