The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-03-12


TIE bills to re-ohs1ter the Mount Holly and Cum
berland banks and to charter the Farmers and
Mechanics Bank at Camden, have been defested in
the House Of Representatives Of New Jersey, by q
very decided majority. The charter Of the Mount
Holly Bank win expire in few weeks.
The Auditor of the State Of Kentucky gives notice
that he will redeem the FIVE, ten and wenty dollar
bills the Newport Safety Fund Bank a. far as the
means in his hands will enable him to do so. Before
any notes were countersigned by him, bonds Of the
State OF Kentusky to the amour. OF $25 900, and
mortgages on real estate in Crawford county, we're
placed in his hands to secure them. Tie money
for which these mortgages were given is not yet
due.
Books for subscription to the capital stock OF the
New York and Virginia Coal and Iron Company are
now open At the Office, No. Jsuncey Court. Toe
company own ton Thousand acres Of anthracite
coal lands in Augusta county, Virginia, and for
mining coal and manufacturing iron the locality ID
said to be unsurpassed. The coal veins, a. well ~
the iron are wsNrrse from three to ten feet thick
and are exposed on the land for miles The Ma
railroad at present terminates within fifteen
miles Of tho coal field and the Virginia Central road
terminates at distance Of eighteen miles. IL thus
appears that, with an extension Of these works. an
Outleb VIII Dc fOImcu IOf coal ano iron 70 Al
the eastern markets. The consumption Of coal Ia
the immediate vicinity OF the compapy's property
Is very large and rapidly increasing. 1t Is pro.
Dourced By practical biologists to be ono Of the
best coal and iron fields in the United Sta ,sa all
this IL susceptible Of proof that the wssst course
for capitalists to pursue, before subscribing to this
stock, is to send suitable person TO the companys
property, and govern themselves By his report. The
expense Of doing so would be trihin0, and
the result satisfactory under any circumstances. II
his report should be favorable they would take hold
understandiDgy and confidently IL not, they would
lose nothing but the triHing travelling expenses.
If capitalists would take such course before in
volving themselves In speculations, we should not
hear 20 much about ioszes and disappointments.
Subscriptions 10 this stock to the amount Of two
hundred and fifty thousand dollars only viii be 70
csived.
The following is the bill relative to the taxes Of
residents, which has passed the Legislature Of
this State
An act anendaory Of the acts for disbursement and
collection OF taxes.
Ser ate and Assembly, do enact a. follows
See l. All persons and asso ations doing business In
the state Of New York as merchants. banssr or other
otherwise. and not residents Of this State shall be
setsed and taxed all invested in any 10
said business, the II they residents OF this
State, and said taxes shall be collected from the pro.
perry Of the firms associations TO which they
seversily belong.
Fec. 2. This act shall take effect Immediately.
II il expected that the dividend of The Philsdel.
phis, Wilmington and Baltimore Railroad Company
will be ten per cent, payable In stock Of the com.
pany which would probably be worth 50 to 50 so
per share, In cash.
The annexed statement exhibits the quantity and
value Of all the foreign goods imported into the
port OF Boston, for the week ending Saturday,
March 10 -
COMMERCE or TIE PoRr or Bosroy WEEKLY ImPoKrs.