The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-04-13

when both work on the same vein in spots precisely
analogous, and with exactly equal chances of profit
il is not easy to explain. The following gentle
elected officers of the Lindsay yesterday
Messrs. S. C. Davis, PRESIDENT Henry scAoonmaker
Samuel Smith, Thos c. Durant, ]. L. Colby, f. 0sgood
and W, W. Palmer, Directors
The bids at the mining board were
Cumberland y Native. D.' -'' a.;
Parker Parker Vein Vein SS1l Windsor vino 3 So
Lehigh Zine. "a 81 Fulton. ..,.... IL
Dutehen silver. IA IA Lindsay ...... e5 s5@
Potomac az Ohio Land and
S Sorth Carolina 81 ~ ps MaFS Cold
Hiwassee So McCuoch $3.50. 6ts 64
Copper Falls ;. 521s 534 Gold Hill $500. 81 So
We notice sales of the New Jersey Franklinite scrip
stock at SO, being premium of Ia The experiments
now being made by this company well worth notice
From their iron they make at expense of less
than 500 ton, steel which will command s34o ton in
this market The quantity is exhaustless and they con-
fdenty expect to supply not only home demand for
STEEL but to export to Europe OF We quality of the
Franknite iron idea may be Termed from the fol-
lowing letter from the well known iron founders Messrs
Washburn Co., of Worcester
WORCESTER, Feb. TO- 1854.
CYRUS AIGER ESQ -
DEAR SR-We forward you with this piece of No 80
wire, manufactured from the Frankline iron This iron
is said to be puddled iron, which is almost incredible
hat such process of can produce such an
wonderful Very few of the best charcoal refined
lorwegan or Swedish irons susceptible of being
without weakening the fibre so much "a to
rake it useless But Notwithstanding the rigid test to
hich this has been submitted it still retains its tenacity
md strength much beyond most Of the best American
-farcoal refined irons which We have used; and
during experience OF twenty years have had
numerous samples of the best American iron prepared
with special sent for trial This iron is only
very tough but uniform and works beautifully The coil
shows the nature of tie iron-nothng exceed it.
The ore must certainly be Of an extraordinary character
Yours, very truly (Signed) J. WASHBURN CO.
Sterling exchange closed firm to day, at 100 1o9k.
We informed that houses have engaged specie
the amount of two hundred thousand dollars EACH -four
hundred thousand dollars in ALL go out in the
ship Atlantic on Saturday Other firms is supposed,
will also ship large sums on the same dav.
The sales Of stock of Wells, Fargo 4 Co.'s Express
Company at auction yesterday, at 90 per cent in
stead of 90 per cent, as quoted.
The Mechanics Bank has made a dividend of Eve per
cent. The New York Gas Light Company five per cent
The Fulton Bank, five per cent. The Bank Of Lansing
burgh, four per cent. The following semi annual div
dends declared by the banks in New Bedford April
bedford Commercial Bank four per cent Merchants
Bank, four per cent Marine Bank, four per cent; Ne
chancs' Bank four per cent; Mechanics Bank two and
ahaf per cent extra New Bedford Institute for Savings
three per cent; New Bedford Institute for Savings ex
ira. The Farhaven Bank has declared dividend Of
four per cent on 5000, 000
The trustees Of the late Syracuse and Utica Railroad
Company that they viii pay a dividend of
dollar per share to the holders of the stock in that
pany and in the Syracuse and Utica Direct Railroad
pany the I'd of July. Also to the stockholders en-
titled to fractions of shares upon the stock dividend
last May, the value Of such fractions in money.
The surviving trustees Of the Bank of the United
States under the deed of June ls41, have issued
notice stating their intention to make further dividend
out Of the assets in their hands to the creditors of the
trust namely the holders Of notes and post notes and
depositors mentioned therein Said dividend viii be de-
clared the Both June next the office the trustees
20 Walnut street Philadelphia Those concerned are no
tilted to forward prove their respective debts
demands before the time thus appointed for making
and declaring said dividend.
A. H. Nicolay's semi weekly sale of stocks and bonds
will take place as usual Thursday half
past IL o'clock at the Merchants Exchange.
The warrants entered the books of the Treasury De-
parment, Washington Monday, the 10th instant,
were follows -
For the redemption of stocks............. S3174 80
For paying other Treasury debts 1924 90
For covering into the Treasury from customs ll96e 90
Foe covering into the Treasury from miscella- =.
neous sources l,ooZ ~
For repaying in the War Department..... 1884 50
For the Interior Department .............. 4,9A So
According to the annual report of the oswego and
Syracuse Railroad Company the gross earnings during
the year ending December ST. 1853 amounted to $92-
353 co. and expenditures to $40 $50 IL leaving net
venue of s46072 49, OF the gross earnings s57 4e4 10
were passengers So for freight 80 95 a for
mail The cost and equipment OF the up to October
1853, follows
Cost Of road and 10 October 1853 $3.50 597 81
Sapal STOCK. ...'.'',s...'.'.. $500 ooe 10
Bonds outstanding. :....:...... 2Oo,ooo W
Payments from earnings for
struction, equal TO % per cent. 1887 50
The earnings OF the expended in construction have
been Principally for grading, masonry and the payment
Tor locomotive engines OK Creek Valley half mile
IN width mas permanent embankmen Of nearly 100 900
cubic yards in place Of the wood tresse originally
erectedyan at various other places expensive and per
manent works have been constructed TO repace those of
temporary character This road has been in operation
Eve years and there has been paid TO the stockholders
three dividends amounting In the aggregate TO ii per
cent which, with the % per cent above stated is 80
Ter cent, little y per cent earnings per
annUm. And the cost of the 35 miles Of road II tninQ
less than SIS 600 per mile. An examination OF the last
years business shows gain of per cent besides
interest and expenses.
We learn from the Trenton True American that the
stockholders q tho Delaware and Rartan Canal and Cam
Den and Amboy Railroad Company met at Bordentown
Monday for the purpose Of considering the act passed by
tie legislature for cngusbing the exclusive privileges
q he Camden end Amboy Railroad Company in 1869 and
continuing tie time at which the State may purchase the
works q the company 1889 with the reduction OF fares
ntempated BY the said act. The attendance was unu