New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-05-05

hi through
ouird by their largely increased bushes These oonis
vii bc ,, cs red 70 the stockholders at par, and VIII not
be convertible until after three years' Iney W." 10
doubt be a favogite security.
The Money market. under tie rosrc.ions w A'-..c1
ye.,erlav i quite easy today at = cent. Il W. i
emit % lend the balances Of tie leading stock houses
prno paper wac in demand a, Sl2 cc,. only
fo;e signatures Of short date going be9r 10 2 cent.
Mr. f. Ludlow sold yesterday, by auction FOR account OF
the North Carolina Copper Company 100 uns Of their ore
q, five dollars for each Z cent. Of metal Mr. Wilder
tie slirerinioudent OF tbs mine writes follows
From our 22-fafhOm level have pitched ~ INK
again on The lode, and 2. lie depth Of feet W. have
splendid C underay Of i,l i'ches
uor fahom with five walls, tia. vii yield on the aFeazs
tuns 70 The fahon. II 22-.ah0m level ives ne va
fer is very quick from tie hanging wall and IRON ms err
ounsance am Of opinion ha. there fine sheet OF ore
over us which by ard bye we hal ge a. Oar ole car
RES still considerable carbonate OF IRON Wih L. am 5
killers over in and above the iron l. highly coa,ed win
green carbonate which consider sure guarantee 81 cop
Ter ore. Our engine shaft i down 81 es'. We have
iacked AID sert array up 20 No. 2,O3i barrels.
Tie Prc-lent of the Morris Copper Mining C'lplny @,
Panixyie Chester County Pa has received ndvces Of
neyl discovered vein Of lead in the mine, which, ac-
cording 10 analysis made by Or. Chiffon yields Il = cent
# Lead and % o. pws Of silver 10 the tan OF 1000 d.
The lode IN the 80 end is ab0u; feet widi psel
Of quartz and barytes with good spots OF copper through
ont The wnzc about 80 fathoms east Of the engine ha
below the = idfhoH lcft4 Inc i'+~ II ~ Az ~
wide composed Of quartz baryes and fine yellow copper
ore The rise in the back Of the u fahom level west Of
,e engine shaft Is looking well, and yielding about tun
Of 2Ga27 q cent. ore iathom.
Mr. VIM H. Stevens. well known as succ,s LAKE
Sureror miner Of great experience has been elecsel PT
dent Of the MiddletOwn Silver Lead Go. Inc rus
toes are Robert Bayard, WIN. s. Nichols, SAINT Cont
Thicker Cutting L. :. Monroe, L. Seeley, WIn' Cont T.
s,rocbon The mine is working very well; the Company
Ia. sufficient cash capital hear for two yclS work
inc and under the energetic management OF Mr. Stevens
we may look for q speedy development Of its value Mr.
Stevens has aso been elected President Of the Ontario
Lead Co.. which Company has taken property formerly
worked by tie Great Northern Co. new infusion of
cash capital Of $4,000 viii enable Mr. Stevens to deer
mine within few months whether this location or can
not be worked proftaby.
We understand chaG mortgage the c1uippage Of
the Buffalo end Ncw-York City Railroad has been fore
closed and the stock leased by the purchaser to the Erie
Railroad Company who will work the road for the present
Mr. Patcbin We understand, has hopes Of raising the
money in Buffalo FOR the payment Of the overdue Coupons
on the Bonds of the Buffalo and New-York City Road
Tie Secretary Of the Treasury gives official notice that
hiz department has been advised by the Consul Of the
United States at St. john Porto Rico, that the authorities
of that island had determined the Goth March last that
after ha date the value of the silver dollar of the United
States Of the coinage of 1853 and after should be at the
Per cent premium the Macuquino currency of the
said island Of Porto Rico.
In publishing the article from Tie .fNoa Telegraph
yesterday, entitled Qpo warranto against Tic Brough
Hood' it would have been proper TO have referred TO
The feet that the point which at ISSUE has been already
decided by The Supreme Court OF Illinois, unanimously
establhng the validity OF the charter of the Company
and that of course the qpo r0rrano alluded to mnst be
Dismissed The decision Of the Court we annex:
NJ .he e. lv Tn At IL A ri.
II becomes unnecessary determine whot her he decn
dan had authority 20 construct the road III question: by
virtue of the provisions Of the act TO provide for gem
oral system OF railroad interpretations Even II II pos
csed such ulo under that law ample rover M been yl
ie construction OF The Mississippi aud Aaniic R4o approved
The q OF feGraIy lo,i no. y t eSrri iavr. /, wiz.
power the road This act removes al difficulty IN the
If the company had the right originally % construct the ro;d
it, organization hey clearly cured by III. Sc IL The somFTSy
cut has row power declare forfeiture FOX any eia.e eH1s
Tor the pasaee Of is act as hf b s d o he c"r TO sa
the judgment cuteled below end thus leave me Tolny rd
The annexed is IN extract of letter from " L DAVIS,
AGENT of Norwich Nine f. +. Phelps President dated
April ?, 1854:
The bottom of shaft is rich in mass Copper as arc
te sides going down. The third level east has mass Cop
rcr both in top and bottom The third level west Tor me
last twenty ieet has shown mass Copper. me second
level west shows large lode, well charged with snhl
masses barrel and stamp work. Slope No east shows
mass Conner. Slope No. 3, back at third lNcl west
shows small Copper and barrels ! nc oMahce VI
stones good lodes Of barrel and stamp work Nmze IN
bottom of second level west has good lode 81 stamp
and barrel work. Wine in bottom of third level west oi
shaft shows signs Of Copper In all the mine looks
as promising Us saw Il and am IN hopes oy lhs
close of navigation We will he able TO meet your eN-
poc,0fons The Copper have ready Tor Shipment Is
certainly worth - q cent The sawml has been run
Ming two weeks and a half and works spendidly We
can cut easily Geo feet oi lumber IN twehy-our hours
We had our battery of four stamps in motion last week.
and they worle much better than expected We have
another battery done, and hope by THURSDAY next we
will he beating Copper with eight heads We are now
making our hopper and aunders and pits ana separa'or
our engine works as well could be wished.