The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-06-14
shares Of the capital stock belonging to the Com

pany.
The above property comprises $4,000 acres Of coal
lands which Eve mines have been opened and worked
IL miles of locomotive railroad, extending from the
company's town Of Eckhart to Cumberland, and con-
Meeting with the Chesapeake and Ohio Canal and the
Baltimore and Ohio Railroad mine railways extending
h rUm main and nio each as
mens and machinery for mining 900 Of coal daily
several acres Of land in Baltimore aud town Of Cumber
land (purchased for coal yards depots and wharve for
the future wants Of the company OF great value and
extensive wharves and wharfroom at Alexaudris; AZ
as1 By
the past year; 81 canal boats the Chesapeake and
u sanre for the :, within s
past year,; and two steamers employed BY sea; all of
which property Is paid for aud on which no encum
debt referred to below which Ia Lien upon the coal
lands and railroad only.
The surface Of the tract underlad with coal Il largely
improved aud cultivated. On the property there arc
three hundred dwellings, machine shops and engine
houses The total tonnage Of the road in 1858
over the road during the year.
The company has no floating debt. Is bonds origin
amount q ssss, 900, leaving outstanding s5aS, 900
since she resumption OF work, the company has a.
5 SIS qs sas coal to
Extract from letter from Mr. John Stagg, the Pred-
dent dated Phoenix Gold Mines, N. c., June Z, 1854.
At the Barrier Mine the sinking Of the pump shaft
continues with the chance Of good success heretofore
In few days We intend to commence the sinking Of
shaft No and whom these two shafts down about
rs see .isS ana the the
tensvs soping ground which win yield quantity Of
grows richer We descend. From shaft No. We
driving the 100 feet level southwest towards shaft No
tnues Is rich in gold here as il other part Of the
mine and when this level Is completed and shaft No.
sunk down 70 IT, We shall have between shafts No and
No. ga distance OF $50 feet-an unbroken back OF
ground to stope from, extending mn to the surface
and which we estimate win produce from twAye to
per buehe The small vein In the cross cut looks very
fine It was the ore from this vein that Dr.. Chiffon
sn.y,ed and which Yielded gold equal to six dollars p,
altogether (no chemicaD in order that the result would
approximate very to that which might Be expected
We are raising some splendid copper ore from tho Or
chsrd mine, samples Of which viii send you In few
Of the s.
OF no nconsderable quantity before leave hcre In the
Our copper vein the Hager tract looking remark
ably we'll and sinking shaft to cut the vein
At the water level distance Of about 10 feet from the
surface, where the vein crops out.
In relation to the report that the Vermont Central Rail-
road Company had made an over issue Of stock the Bos
ton 7ranscyipt Of the 18th inst says
The Committee OF the Brokers' Board to which we al
luced on Saturday, have not yet made full report but
we learn that our statement Of an over issue OF
been returned and cancelled large portion Of them
this morning The balance Of 1000 shares Is to be
turned within two days. and the company hold amount
Of collateral against them nearly equal to the present
Eariet value II 10 therefore fact, that At time
the company had 10000 shares aaost In MARKET
stead Of 100, COO, their legal number.
10 stated that this issue of shares without the
knowledge Of the dlrectors and they to have meet
ing to TO tate action upon the matter. The com
mtee Of brokers also to meet again to
ing, and We trust that they viii publish their
stockholders and the public at large.
The stock opened at this morning. and advanced to
o. bid at the close, with sales Of nearly 5000 shares
The stock very arm, but II mainly supported by the
shorts, who think IL wise to secure handsome pront
At present rates.
The Baltimore AMERICAN gives the following account Of
the traffic operations Of the Baltimore and Ohio Railroad
Company for the month OF Nay and for each month since
November last
We ARE truly gratiAed to BE- able TO state the
thoy OF Of the directors Of the Baltimore and Ohio
ts n' ). q %. 70
BOARD ON Wednesday next, win present the most
elusive evidence Of the present and prosperity
q the COMPANY we are q cSut,s wsn0u. the detail.
raj that the total receipts for the month of May
from the main and the Washington branch are oyer
e406,c0o which IL the largest amount received By
the company IN any single month. This result Ia par
cuAry because the receipts Of May have
heretofore generally been much below average Of tho
spring and fall months OF the above large aggregate Of
4os the coal trade has yielded the gross amount Of
BY reference TO the monthly reports of the business
Of the road a. published for the preceding Ave months
We are enabled with the foregoing statement for May
cling with December l. and closing with Nay 30,
follows
December. s312, l64 81
ss.usty ztooIl ~
puhry 50o ~ ~
narcn 5SSsM %
nPrh.. 1871 "