The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-12-16


The receipts Of the Illinois Central Railroad Com
paBy for November, were $6s 49, not including the
portion Of the Chicago branch operated by the
Michigan Central Company.
There are thirty six sail vessels aaost and frozen
Il The Weland canal, the great part OF which are at
Pot Dalhousie or near there, and will probably be
ut out the weather proves favorable. The amount
u Krcn on these vessels is computed ct 1856 900
bushes.
The gmount Of canal tolls collected at Roshes
1er this year was smaller than has been known
mr. years. The amount received in each Of the past
I've ,ears WAS Is follows:ls50, $780, 500 10; 1851,
$l53 4l6 92 1852, $l59 263 So; 1868, $l64 100 Is;
1854, $II2, 0s3.
A bill is before the North Carolina Legislature to
Incorporate the Charlotte and Wilmington Railroad
Company, by which connection is to be formed
between Wilmington and Charlotte, via Lunberto1,
Rockingham Wadesboro', &c. The capital Of the
company is to be 81, 100000; and when individuals
hall have subscribed $500, coo (one-third,) the
0tste is TO endorse the bonds Of the company for
she renair ing two-thirds, retaining ~ security
nrtgsge upon all the effects Of the company. The
North Carolina Railroad has just been finished from
GoIdsboro to Raleigh and by Christmas 1t il expect
ID Il will be completed to Durhams, Orange county,
Us miles from Goldsboro, and % from Raleigh,
Waking in al ll8 NILES in operation, aud leaving
100 miles to be constructed next year.
We learn that 'grSnt Of the most i'm ,ortant n.
ture has recently been obtained from the govern
uent of Mexico for the working Of coal and iron
mines upon the Pa iic coast. The concession Is OF
yhs most liberal character, and Is an instance of
desire upon The part OF that government to devsopa
the resources of their country, which stands in bold
relief beside their usual policy Late discoveries in
Mexico have brought 70 light the existence of ex-
sensve beds OF the most superior quality Of coal and
iron immediately upon the Pacific coast, q. poins
nearly equi. distant between San Francisco and Pa
mama indicating source from whence our steam
marine in the Pacific can be supplied at less than
sae bali the present cost. Aud is for the purpose
II working these valuable deposits upon the most
extensive scale inst this grant ha, been procured
Hitherto attention has been turned exclusively to
the resources OF that country in the precious metals
and tie inference has been drawn that in the basar
minerals, which are, however, more surely the
source Of wealth, abe was defcent but so far from
such being the fact the recent discoveries tend Ia
prove the existence Of coal and iron to an exsen'
that when developed will have an Importance fsi
exceeding her mines OF silver with all their unoay
Aneled richness The consumption of coal in the Pa
ciAc has already reached an extent which at the
present enormous cost of delivery there renders 1t
. question Of vital Importance to the holders OF
stock liz the lines OF steamers tina. ocean, we'll
a. to al those who feel an interest in placi (
The mems OF access to our gro wing empire Ia
She west at rates more within the reach OF all
Should coal Of fair quality be found in California
or Oregon, it viii rsmain under the disadvantage Of
high abortoo hi sh to render this branch Of mining
profitable, even q. the present price Of coal. But
Mexico, POSSESSING An abundant supply OF labor at
rates a. low 10 any part the world, and With
geographical poei ton favorable-bsing midway
between the two extreme points of consumption
promises to become, il the reports that rca n u
are well founded tie gres. source and centrs of the
coal trade Of the Pacific, and capable of supplying
this great and pressing want Of our DOM cree a
ich rates as viii tend to give renewed impetus t.
she Increase Of steam navigation in that ocean We
are glad TO notice these signs OF progress, and b.
iieve they foreshadow the rapidly approaching
period when the North American States will be che
great highway OF nations and win comm aud the
commerce Of the world.
The oficial report OF the Bank Of the Valley n
Virginia, shows its condition on the LIST Of October
in each of tire past two years -
nwxrr Al yy aUf a.