The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-03-23

There was less activity at the Mining Board to-day,
though prices, where they at ALL have An upward
tendency. Gold Hill is very firm at 4. Gardiner gold i'm
proved u. North Carolina declined Il. Parker Vein il
steady, and is Cumberland. Dolly Hide shows less
frmness. New Jersey Zinc has lost all the recent ad
The following the bids at the Mining Board
For Cumberland, 81 NJ for New Creek, AZ for Camel
Coal, *; for Lehgh, 3 for Potomac, az for Fulton,
III for Mineral 40c.; for Deep River soc; for Rock
land 10; for Phenix roc. for Rutherford IN; for Nc
Culloch, TX; for Cherokee 1.
The annual meeting of the American Mining Company
was held at the Office of the company in Windsor YER
mont, the 18th day of March inst at 2 P. NJ. The
following persons we're duly elected directors, viz
Erastus Fairbanks and Horace Paddock of st. Johns
bury; Henry Keys, Newbury; Abel Underwood Wells
River; Isaac W. Hubbard Joseph D. HATCH and George
Wardner, Vermont; David A. Simmons, Boston, Mass
William E. Trask, Nathaniel Hayden, and Francis E.
Phelps, New York city At meeting Of the directors
the day, F. E. Phelps unanimously elect
ed President. This company is the parent of several
mining concerns, situated Lake SUPERIOR in Pennsyl
vania, ineCuba and elsewhere During the last two or
three years have frequently advertisements Of
calls the shares in these companies but once
any sign of dividend In point Of fact not Of the
branches of the American Mining Company has, to
our knowledge, paid or declared one.
A company has been formed under the Of the
Aberdeen Company, mainly, as 1t appears from their
prospectus for the purpose Of working the angs" of
the Gold Hill mines, of which they have one million
bushels, which they estimate at % per bushel They
likewise thousand Of mineral land adjacent
TO the property Of the McCuoch Company The capital
stock is Million divided into 200 900 shares Of IS
each The company has paid for its land, nothing
has and its shares in its treasury
The officers Mortimer Livingston, President; o. Mac
I~vsxH u
Talcott Lyman Denison J. f. A. Sanford and Fulton
Cutting, directors We are glad to see men Of such
standing forward to take leading part in min
ing enterprises and hence inclined to augur well Of
the Aberdeen Mining Company.
meeting Of the stockholders Of the Great Northern
Lead Company to be held Saturday for the purpose
Of deciding whether tho mines to be abandoned Or
more money raised. II will be recoected that owing to
msmanagement on the part of the mining agents, the
amount raised working capital expended before
the mine was placed in paying condition This took
place last fall at time when the stringency of the
money market rendered 1t almost impossible to raise
funds for the most promising enterprises and
steps taken by the managers until now happens
the of the period when the rent Of the mines
falls due, obliged them to to q decision way
the other "a Stakeholder" has pubsheda pamphlet
containing his views the subject and they to
sound and judicious copy the following extracts
This important fact has therefore been shown the
mine has not degeneraed but unfortunately this truth
too late TO be of service the original working CAPT
gone and of the ckholders exhibiting
willingness to contribute II did not seem proper to con-
tinue the work any longer upon credit.
Before suspendng operations at the mine the United
States Geologist j. d. Whitney, Fsq was invited TO ex
anime and report upon It, He enough, (as will Be
by the report annexed to satisfy any one who IL
disposed be satisfied that the mine is of the
most substantial and valuable speculatons In the
try. The vein has also been shown to Mr. Thomas Pc
thcrick, gentleman of great mining experience who
inely prominq nature George Sumner, Esq., Major Far
rheton snd Captain Palmer all have given decided Qpn
ance that can be placed upon the ultimate success of
these mines least therefore, gratifying to know
that the expense and labor bestowed upon this enter