The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-06-21

Ths aggregate amsunt recsfvsd for t,I!s iton tbs
Commencement Of navigation to tas ll.h of June,
mel. ~ S;, ;s;x .ssssll %
cAne Pexs0u IN Tliso4o %
Decrease N 1850. .el20, 373 50
The Newark Banking and Insurance Company
have declared the usual semiannuAl dividend Of
Eve per cent, besides dividend Of tan per cent
from the surplus funds-both payable ON tho first
Of July. Tho whole amount Of this dividend Is
$76,297 so. This Substantial old institution win
thus pay its stockholders for the year the handsome
sum Of twenty Per cent on their investment
Tho Emigrants' industrial Savings Bank has do
elaEed semiannual dividend, ct the rae Of six pr
can't per aanum, on Ill sums Of $500 and under,
and five Per cent on an sums over $500, which shall
have been deposited At least three months on the
first day Of July next, win be paid ., depoGsors on
and after Monday, July 10th.
Tho receivers OF the Peoples Bank Of Paterson,
New Jersey, hsvs declared further dividend Of
twenty-five per cent ON the outstanding certificates,
payable on the 25th inst.
The Boston C,uyier Of the ooh Inst Says
remarkably cheerful feeling pervadsd and animated
both stock and money markets Throughout yesterday.
The rsnsactions ct the board however, were not very
sail After the board, there were sales Of Maine At ss
Western At saK, and Worcester At s2 With tn, dyi-
dends o. sno Of Old Colony at and Cheshire at 30
IN: western divides sx tho Maine 9; the Worcester
sss a' 1 csa 3 Z ~: u;
road stock In the New England States and il intrnsi
cay worth $3.50 per shars, including, Of course, Ito
mariet. and yet II sold yesterday at 8k per cent
discount, dividend OIL Boston and Lowell wsB held at
tS HiohissS Genital scrip vas in demand Il par,
which price was also offered for the stock.
By the arrival of the steamship Asia ct Halifax,
we have, through the medium Of tho telegraph,
three days later intelligence than that received yes
terdAy by the st. Louis at this port. The CONNER
cial and financial accounts are Of the most favorar
be character. The cotton market remained at the
close the eame 81 previously quoted. A day or
two before the departure Of the Asia slight de
cline Was realized, but prices recovered, and after
an active speculation closed firm. Indian corn had
advanced during the week previous to the 9th
inst. CoDsols had advanced per cent and il il
reported that the bullion in the Bank OF England
had largely increased. The political sdvices are
important and inter esting.
The Et. Louis Republican Of the 16sh inst, states
that it is announced officially that Mr.. Alexander.
trustee and holder of the notes Of the Ohio and Mis-
sissppi Railroad Company, for $l,l58,O00, has
taken possession Of the road aud is nov operating it
for the benefit Of Psge & Bacon, or Of those VINO
claim under them, by virtue Of the deed Of assign
ment. II is in the power of the trustee ct any
time to CHER the road for sale, first giving twenty
days notice thereof, and this, it IL presumed, viii
soon be done.
There il no doubt but that coal win ultimately b
universally used by locomotives on our railroads for
generating steam. The high price Of wood makes
Its consumption an important item in the operating
expenditures Of our railroads, particularly those Of
the New England STATES, and the result Of any Of
fort made to displace such an expensive srtlcIsby
one not only cheaper, but more compact in bulk,
should be made known far and wide throug aous the
land. The Boston Traveller Of the 10th instant
gives the following account of experiments made
with two locomotive engines, in tie consumption Of
Cumberland coal, on severA railroads in that
vicinity
account Of the locomotive Anthracite built sftsr
Dimppeps patent, ct Taunton, Mass, and designed to
We deem the matter that one Of our reporters visited
the New Bedford and Taunton Railroad whore the en-
1.s was ,: an Of Its SnsIssn
some further improvements-was being built ct the
Taunton shop This has just besn completed, and has
1t y called the Cumbsrlsnd" and In appearance ex
a,ty resembles common wood engine, with the sxcep
ton Of the smoke stack. Tho interior OF the boiler,
however, well known, Is different In construction
from those used wood machines The coal ussd now
both the .sAnthracite'' and the "Cumberland'-
is Cumberland COAL
The Cumberland ran one day on the Old Colony and
Fall River Railroad, working admirably, and making, II
IL said four and bali miles in little three mi
nutes time For three days past has bsen the
BOSTON and Worcester Railroad and has worked finely in
drawing heavy freight trains careful acsount Of its
expenses has been kept, and IL ID estimated that it
costs nearly quite double to freight train With
wood that It does with coal.
The fact that coal must b adopted tho fuel
sea-bcari railroads ID generally admitted and II
only remains to be what kind Of machine Ia best
adapted the work required The two engines built at
Taunton have given general satisfaction, and another
one to b. called the taunton, and designed for the
Reading and Pottaville Railroad Is to be finished next
week. while three more are in various stages Of con.
struction. The Cumberland win probably DO used
the Worcester road. In the meantime, A. Adams the
master machnist Of the Worcester road, and man OF
great skin and ingenuity II engaged In building the
wood freight engine Hecs, TO be usea for coal The pro
mnent features to be introduced into this engine
not yet settled Other eminent locomotive buaers are
also turning their attention to the subject and
fhal probably have variety Of experiments tried TO
obtain coal machine every way adapted to roads.
Stock Exchange.