New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-02-04
Increase, (nearly rs q cent? .."..........sI

Increase (rea1y IS u cent. SS
The eyrort of Specie from Boston in january reached
s4ls o.. The Imports were sG,4o5,
The Plia1,l pha Bulletin says of the Executive Com
,nee APPOINTED 10 take aid in the consruc
,on Of The Sunbury al Erie Railroad eve learn that nine
gentlemen subscribed $4,000 each and altogether $780,
coo raised
We learn from TIE Rochester Democrat that the
on the Buffalo and Conhocon Railroad ccnmencedrunning
as far West as Batavia Tuesday The route passes
through lie Roy Caledonia Avon Livonia' and within FIVE
or six miles OF Dansvle Between Caledonia and Batavia
it parallel with the Canandaigua and Niagara Falls
Railroad
Tie Boston Journal gives the following history OF the
Toltec Mining Company
"e great rnetalferous range which embraces the min
ing districts of AXE Superior at the extremity
of Keweeuaw Point and continues sOuthwestery, cross
ing Portace Lake and thence turns in more southeriy
direction the Onto oagon River where 1t IS fourteen
miles from tbs shore of the lake The range is divided
into three districts, known among mining men as heewee
nav Point Portage Lake, and the Ontonagon. VI me
mines 10 which we have alluded in previous articles the
Titisburg Copper Falls and North American are located
Keweenaw Point, while the Minnesota Is wilma the
Ontor acon district. The veins worked upon the Kewee
Point and Ononagon districts of much the same
Character but those Of Portage Lake brought more re-
Gently into notice by the of the Isle Royae Com
paDy, are in many respects entirely different
The Toltec Consolidated Mining Compeny, whose ope
rations We Low purpose sketch has its location within
tho Ontonagon district The mineral land owned BY this
c.ranv was formerly the property of the Toec and Farm
Mining Companies. which in the spring OF 1898 were
merged into one company under the title Of the lotec
Consolidated Mining Company Tie two companies had
been working upon the vein, with locations doDing,
and the of uniting doubtless very judicous
enc asrce expenditure for separate buildings aud ma
uery thereby avoided ana the expenses OF the two
companies in general manage ment much reduced Inc
tlaci ccmII,s about 900 Mining commenced
in 1851 e has since been prosecuted with view of de-
veopng the mine extensively upon the model of the Cop
por Fss Mine. -Four shafts have been sunk upon the
vein. No is GO feet IN depth No -Ol ieei' 10 -
ing ten fathom level has been driven lO73 feet and
twenty fathom level 423 feet. The amount Of stopping
done $50 feet making about 1884 cubic feet Of miner
al matter raised TO the surface, and which would produce
seNeaty.sx and twothirds tuns OF pure copper.
The vein is considered one of the most promising OF
the new mines upon the Ononagon and improves as the
work of sinking shafts and driving levels progresses IL
varies from one three feet in width, and at several
points swes TO three and half four feet well charged
with masses Of 1900 lbs downward. TO barrel aud rich
stamp copper The vein the territory in south
westerly direction aud has been traced for distance oi
three quarters Of mile through the company slAnd
Tho amount expended by the T0ltec Company in
mining operate to Januory l. $4,000, realized from
assessments the capital stock which is represented ~
$4,000 shares Tie amount paid in each share i 80
The Company has yet made any shipmcn n Of cop
PER worth mertOrng nor has Il been 50 much the ain
TIE managers raise mineral al present as a. prove the
rlle thoroughly ard TO prepare IL for working a1van
taceOusy in readiness for tie machinery which viii be
erected during the next summer
An examination OF the OF shafing and driving
levels shows hat tie mite considerably dcveoDed and
the confident from the excellent character
of the vein ard the results already obtained that the Toll
tee VII prove a very profsble concern Further expen.
ditues however viii be necessary TO bring the mns 10
dividend paving condition, and moderate Assessments
must be levied during the present year The managers
are Boston Charles ID. Head is President, HOraio
Bigeow, Treasurer and the mining operations con
Quoted by Edward Sales The Company is organized
der The general mining law OF Michigan