The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-02-16

This Aggregate y Tor the security OF a el,oulae,o
amountipg 10 te1A .66. The basis IA good. bat IL =
large amount Of these sto Ia was pm. on The mar.
ket, there would he a large loss on them. Tn,
banks OF Wisconsin we're. at the date OF me ~, 70
pert, wen supplied with specie.
The Piedmont (Cumberand) hndsprndeat, Of q
recent Gate, gives the following account OF the
Hampshire Coal and Iron Company
The wOrksoi this company-so noisels Saly and without
parade undertaken and prosecutsd-arc now e~onplstss,
on the Baltimore ana Ohio Railroad, sbou, one mile Abovs
Piedmont, and connect 10 companyis mines. two in mum.
bcr, with said road. This being the d IL one alnR 1, ths
eastern market, ofthe great vein OF coal al the Virginia
end Of the Cumberland coal field, marks an epoch la the
history OF Hampshire county. The road-t~o sell .eun~
planeS, togetber-s one mile ami tso hunirei aud
twenty feet in extent. The entire works have bssn con
A,ructed ia the best and most durabi. manner. ani the
entire road and planes laid with double tr.cts Of sub.
stsntinl I rails. THIS company IL the only one Ia the
'Cume .risnd region (mining the great fourteen feet
vein Of coal that conveys the mineral 10 the Baiamo<s
and Ohio kallfoad, ia it, own cars, aud place, Il in
those OF the former, al the Hampshire station, !" stand.
ing on the switch OF the baltimore and Ohio Railroad.
Tbs fact together with tho entire Freedom fro~
slate and the uniysrHally admitted superiority OF il
GOA, by all who have Yet used u gives this company
obvious advantage over all competition. In tue regioa.
TIE recent aNooyories Of immense deposit. Of lrsa
ore, both above aud Lelow tn. " big yeinn o. coal, 90
the lands OF this company, impsrt % them . valus
which even the most sanguinc among tie ovnsrs
were ever prepared Tor. II ia believed that most, IL
not all ID. companies ~ tho region unierlatd with
the big vein contain similar deposits, wksn ths
ascsrtsinrd superiority OF the ore il taken into Wow, in
connection with its vast extent, we are almost prepared
TO adopt the opinion expressed in our hearing, by a du.
tinguiAhed ~g.ologist and manufactures, that the rr-
gion does not contain coal enough 10 smelt tho roe
known TO be In justaposition with t." Not the least
important consideration arising from the nov stats a.
things, H. the extended home market for the coal AMI
coke, resulting from II, and tho consequent perm in,nuy
increased profits aud productysness OF tho mining 10.
terest. The Importance Of this great mineral discovery
may be inferred from the fact that In q vertical slsystIos
OF about ono hundred and atty feet are found, drst, IL
feet Of very. superior black band iron ore, second. 10
feet OF solid coal. without an intervening stratum a
aa,e or other substance or impurty Of any kind third,
30 feet Of iron ore, yielding about 80 per cent Of pure
iron; and fourth las n nature designed TO completes aad
rcrder perfect the great ntor~houss OF minerals which
are deitined 10 render this thu greatest Iron mAnufactur.
ing region in the world i've feet Of limestone. which
also contains about 20 per cent o. iron. To these various
strata are, ~ course, to he ADDED the numerous seams
Of excellent iron ore which have bssn WORKED tot manv
years by the Mt. Savage and the Homecoming iron manu-
factories, a. well as the Gre. brick clay and other miss-
rails. To these again must b. superaddsd the almost
numberlsSs inferior coal measures OF different, qualities
and thicLnessss, varying from ~elghtsen inches 20 eight
feet.