The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-04-19

Isaac 81. Smith, Esq, President of Gold Hill, after a
personal inspection Of the mines of the Georgia Gold
Company has accepted the Presidency Of that associa
on The stockholders have surrendered its organisa
ton under the laws of this State and accepted charter
granted them by the State Of Georgia. where the mining
property Of the company is situated The trustees Of
the old organization learn had prepared extensive
works for extracting gold from the Ores which will be
pressed forward to completion under this direction
of the affairs Of the
The Ship Timber Bending Company had exhibition
Of bending tmbers for ships and for furniture atur
day afternoon last which witnessed by many share
holders shipbulders, carpenters, &C., &c. The COM
pany have yet but machine for ships timber and
one machine for furniture. Their foundry, however
will be completed, when they will manufactur.
machines of all classes required for their
well as those to be sold, with rights to them Tn
first trial was upon piece Of white oak IL loes
inches by 10 inches which had been previously steamed
for few hours. This TIMBER was placed upon the ad
iusting moulds (Which varied to any
ponding pattern given by the naval architcct) the
ends confined powerful screws and the process Of bend
ing commenced. General satisfaction expressed
when the follower "a heavy piece Of tmber) brought up
the oak piece against the mouds bending and rounding
it without noise to graceful In six minutes
from the time the timber was taken from the steam
chamber il bent into shape The second trial. also
on piece of oak timber, 16 feet long, inches by 10
inches was equally successful Many pieces Of black
walnut for centre tables and other furniture bent
to various curves, circles, &C. The success was un-
doubted and several shpbuilders declared their convc
ton Of the immense value of the invention for shipbud
ers purposes Its worth is the creator from the fact
that forests they ary stripped
OF crooked timber Of natural growth The buildings of
the company at Greenpoint finished and consist OF
large foundry, large mill house. "a two story building
uho he tba h,aa
mcnt of which is the sixty horse engine "a remarkably
well finished machine and the circular saw, Of gigantic
proportions capable of cutting trees Of twenty
inches diameter The managers of the company deserve
credit for the industry displayed in getting up these
valuable works through winter of unexanpled
rgor. They regard their certain, how
ever anticipate large profits for the shareholders
The receipts at the office Of the Assstan; ira Of
the port Of New York this day, April 49, slos IA
92 the payments amounted to SIS, o3s 47-leaving a
balance on hand of 81, 606, 1913 80,
1t has been voted at the Boston Board Of Brokers that
further sale of bonds shall be allowed where corpo
ration makes distinction which does not appear upon
the face Of the bonds and generally known the
public This vote will stop salos Of Ogdcnsburg second
mortgage bonds, the company refuse payment of
pons upon certain bonds issued collateral for notes Of
the company.
The following redemptons Of the public debt made
at the United States Treasury, in Washington last
wcekLoan of 1872 81 500 DO of 1Sls Sl2 600; do OF
1s47, So, 25o do of ls4s s14 100; Texan indemnity,
81, 0O0-total, &c., $50.
The following statement will show the earnings OF the
Montgomery and West Point Railroad the year cndn,
March !, 1854
Receipts from passengers 1893 81
lreiBht llol4 ~
Mail pay. OBSERVATION-DISCLOSURES. Ho3I ~
ro.o, uo.o;n.s 5000 o,a ~
E. nSa, se &c Rorns Il %
Interest on loans. MINIMUM. 205f1 10-sl4o,49S ~
Leaving net income. ACKNOWLEDGEMENTS. $50 SAT IS
Or 0 per cent on the capital stock of 1892 700.
The transportation Of passengers for the past years
Is as follows
j" :" 1853. Observation-Disclosures. 1910
Showing an increase for the year ending March l,
1904, OLA. .................,........ Sesol
The warrants entered the books OF the Treasury
partment, Washington, on the 18th inst, were
For the redemption of stock. ...........S So 232 10
For other treasury debts. 40 90
For the customs 5e4 20
covering into the Treasury from customs 1862 2 90
For covering into the Treasury from lands 05 20
r or .he war department: 3.oI3 ol
TOT IKE navy Department ................. 44SG 80
FOR repaying In the War Department. 1902 36
FOR the Interior Department. .......... TO- 739 SO
We understand that there has been run on the Ma
onal Savings Fund Institution of Philadelphia from the
deposors Thus far all the demands have been prompt
ly paid.
The Legislature of Massachusetts, have ordered the
Committee ON Banks to report what further legislation ia
necessary to ascertain the true accurate standing Of
the banks and for the better security OF bill holders in
Of the neglect of any Of the said banks TO redeem