The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-01-29

Tbe ADlk menus In January, 1900 10 lar, nave been
hers than in the same month since 1850.
A. h. Nicclsy's regular re nj weekly auction sale
u stocks and bonds will take place on Monday next,
tAe 10th inst, at l2a O'clock At the Merchants Elk
change. ,s rse..st
The letters Of Messrs Page, Bacon & Co., f.om San
Francisco, addressed 70 Duncan, 5her man q Co.,
came In the regular mail bags, ana not by private
hands, ~ reported. Messrs. Duncan, Sherman & CO..
took them from the Post Office, notwithstanding the
saAers given 70 the Postmaster here {, deliver au
such letten 10 Henry D. Bacon; but Il upon the
request ef Mr. Bacon that such delivery was made.
DuBeaI, Sherman Co. begged 70 hard for the pr
viege Of taking the Letters from the Post 0oe that
M. Bacon, a. ACT Of courtesy, permitted item to
Dc 50, for this time only The object Duncan, Sher
maa Co had in pressing the application TO re,
ceive the letters earnestly has not yet appeared
The correspondence was handed over unopened to
Mr.. Bacon, 90 previously agreed upon.
The fsilnre of a large iron house reported on
Saturday. The suspension is attributed to the re-
turn Of bills drawn on Messrs Hetherington Il Co.,
cfLcndcn, whose failure was reported by the Las
steamer.
The stock Of the Con berlsnd Coal and Iron Com
parry fas been for some days steadily but quietly
advancing by the gradua absorption Of the floating
ato by few II tie directors and their particular
friends. The n .sident not deeming II prudent to
hoger COL cesi from the stockholders the Important
facts known 70 him and the directors for some days.
has Issued 10 TIE stockholders carefully worded
and nor .commtal circular, stating that supposed
valuable discovery had been made upon their pro
petty. We annex the circular -
OrIcE THE CUMBERLAND Coal Iron COMPANY
New YoaK, Jan. 20, 1855.
S-Reports Of the discovery Of valuable beds Of iron
the property Of this company induced to
direct examinations TO be made the result which thus
lar has been 20 .atsisetoIy and ms bearing 20 i'm.
my duty TO spprse them at Of the fact and shall
be happy to communicate TO such may favor with
call the information possess on the subject.
Your obedient servant, A. MEHAFFEY, President
Why did not the President come out week ago
with frank and fun statement Of what he did
know and what we have since learned to be true
b In ten days since committee of directors went
70 the mines with mneralogist asd an sssayer Of
ores. They returned three or four days since. II
was the duty Of the President to have impaired to
the stockholders an the information obtained i'm
metiately upon its receipt letter from the miuss
says that the directors admitted they had tested the
ore in vein Of thirty feet, and that IL WA su-
perior quality, black bansd ore, containing iron,
lime and carbon. It was discovered By Mr.. Win
YER, and has created an excitement in inst region
greater than ever before Known. T1s millions Of
dollars planted by English CAPITALISTS In furnaces
and iron works in the Cumberland coal district will
etme Immediately into play. SO easily is the ore
managed, 70 chespy put into toe furnace, THAI pig
metal can DO placed tide waite: for twelve dollars
per ton.
The report Of the State Engineer Of New York,
part Of which We Published few days since, con.
tsins returns from nearly all the railroad comp Anes
Of the State. The aggregates Of those reports are
as annexed