New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-01-06

III time IN nav h,if vesry dividends TO its soekh,iers
Tie mopert, Of the Company may be thus ennneraef
isI. .SS ,' sp'bc. tsn ID salobr y, dspf,ca 2nlsl 20
tiion % road from yfn Bay 20 the Paee l<oo o.
Dfr6is lerdiuss ways stations sbops s;ores snd
pfs band. and balances ursHpe 1ded with agents .o
cosi or bend On The Ps.ia .fsr rsJips ne y
slsfso fI coal shd sos hus besides 100 tna' t,aoo "a
% shsrgs 81 The COmpaE $50 %
s7955s55 %
To which is to be sdded The value Of the fanehsean
exclusive right possessed under the charter
contract has been made which goes into effect in feo
runry for conveying the passengers and specie over the
road from the Pacific to the Lake in covered wagons
Tie steamer which left day for San juan had freight
and passenger ist Of about 100000.
Tic Buffalo, Corning and New York Railroad was con-
pleied from Corning TO Batavia last week. and It will
in few days be opened for passenger and freight business
The grading Of the road from Batavia Is completed and
the masonry and bridges finished and ties for
Of lie distance on The ground The whole Line WI Do
completed Dext summer.
Tie Bosfon Poa gives the following Copper news re-
ceived by the last mail at that City
Mr. Coulter, Superintendent Of the Douglas Houghton,
writes Of the Toit6c and Algomah: It gives me much
leasures to soy that the Toec Is OF the largest and
.fegt defined veins on Lake superior II IL very regular.
and has two regular veins The Agomah his been fortu
nate enough TO cut the vein the TOtec. At the
'popt where saw H. fully two feet wie and very
promising From the Agomah you may expect fine &C.
counts IN the spring
%Thc Toltec mine never looked so well It does
II Il well known TO have one the best defined veins that
have ever been opened the lake. have driftad 900
feet the vein and never had crossing or anything to
disturb the vein The vein much larger and richer than
| expected 20 find II at the depth. Were my stamps
erected could get copper enough 10 nearly pay expenses
We have commenced sinking on the Algomeh The vein
LOOKS WELLS to ~ inches wide, and rich in stamp work
OIthe Dana, s. w. Hill, Esq, writes:
"The new vein lately discovered Is now opened at the
base Of the ridge aud in three other places The length Of
the oTenines 1000 feet Il everywhere contain, cop
IL very well situated for opening and shan recon
mend lis being worked"
The letters from the Portage district highly avOra
bic especially of the Dodge Ile ROyale, Portage Ripley
and Webster Oar limits confne US to the following from
G. c. Douglass, Esq
been opened the Dodge territory is not surpassed in
richness 10y any other point on the vein and ! con
slider the Dodge tract as one Of the most valuable in the
Portage district. The sle Royae itself in the north drift
fton level has rarely looked better than at present
The vein Is large and vel charged with "copper" aud has as
perfect wall any person could desire Mr. HILL in his
late visit appeared perfectly satisfied that have rich
vein with regular wills.
From the Copper Falls the advices numerous and
important They ell attest that the Company has two
mines which In short time will be among the first in the
world for productiyenos wei as scientific deyeopmen
The Superintendent says he will have 100 miners at work
by next June Masses Of 1000 TO 500 lbs are now met
with everywhere At least so tuns of mass copper are in
sight in addition TO $50 uns in the HI VEIN between
shafts and s. At shaft No are fully 900 tuns Of stamp
work already broken Ht shaft No 400 tuns not broken
at the month of the ad 400 tuns and n, the shaitN
Just commenced 100 tuns. In both mines the quantity OF
amp work now on the surface is estimated At $500 nns
Mr. Hill adds "By June shall have many thousands
"of fahoms Of ground open, ready for stoPhg taking
"outhe copper BY that time too, we Sha have posi-,
ton among the largest and most profitable mines In the
world"
The Cliff and North American represented as being
Mr. Livingston, oget Of the Forest under date of Nov
81, says:
Tho ode yila strnn
or The Glen. he says under date of Nov. 70:
"The mine is looking better than when last addressed
you The vein in the adit "a thirty inches wide, carrying
rich stamp work, and the shaft looks precisely similar
Augustus Coburn, Esq, Of ontonagon, says under date
THE Forest md Glen are decidedly Improving. the
former is very rich in the bottom drifts The Glen has
strong regular vein
private letter dated Iowa City, says:
Tbe corps Of engineers in the employ of Che Mississippi
and Missouri Railway Company arrived here few days
ego having completed the survey Of line through to
Council Bluffs CITY This line is the westward extension
of the Chicago and Rock Island Railway crossing the
Mississippi at Davenport the most favorable point Tor
snbanal bridge for several hundred miles and arriving
in common with number of projected lines for that future
highway of inter oceanic communication the valley OF the
Platte River Upon the Rock Island Road trains have
been for time running regularly to within twenty I'VE
miles of the Mississippi and the whistle of the locomotive
will be heard by next February on the banks OF the Father
of Waters Onthis side the river the grading already IN
very advanced state throughout the line as lar as ths
point go rs 10 leave little doubt of the entire completion OF
that division by the LIST of December next 1t intended
that the splendd locomotive the Leclaire now building
by Rogers, Ketehum Grosvenor shall draw the hr't
train Of cars that moves upon an Iowa railroad
at IL understood that the engineers OF the late survey
westward succeeded in finding much feasible route
than had been anticipated especially through the very
broken country the Missouri which may all be IN.
Guided under the general name OF the couuc,l buas,
In day or two they are west again. TO locate the
whole line between here and Fort Des MONIES, distance
of some 100 miles, and prepare for contract ana 'he
commence of operations IN March
CuIc ANDtl
RFronT TO THE STOCKHOLDERS
tn, Ro.pn or DRgcroRs submit the Sioi,rs e following
Rcrort t ryoSe Of the cork in '0H''T"''@g Tie" Ma"
Al the ds Of h. Annusepor the road vas II operation
to Joliet From the annexed report OF the Ohsi
Mems 10 OowA and Peru reaching the lat point In the month
Of April ana subsequently Tkilw. the och SPemoer 70
to Gsp.so distance miles chicssO Leaving only %
mile. the west end Of the road IN & sS To
pete hs ls,t section there y @ 10 oe ao"S ~ hs
lire road condition be used for transportation a. es'
THE policy pursued by contractors ofso their WORK
M 10 hns by successive STAGES has been Wisely
awe character the enterprise The road h oy
metns made the early demonstration OF Tue ~
business and given confidence to its securities ana
Afforded accommodation to the public u hs. ..o
large amount fmaehineIy would be required hae as
.nticiped IL viii by the of ths CHIEF ENGINEER
thai upsn the bss business actually done and 0sss. me
dollars the year ofits complete operation - . -, -
DE Ss r psd and ne contract
shat they will deliver 20 the ."
espeeao5 and we have full win be done We deem
proper SAY The oek holder. that We have be- s
cued work especially with the edieioas m'nasene5, o
,ss & % i my Sy Sa the sS severe in tie
market IL hardly two wears uce they sonn'e neea ns
wos ,aS rev ' we nav eonsSSt he patron. Of ii. road
ON completion Of the aud the successful deVeepsa
he cost Of he road viii Be somewhat materially wed