The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-07-20

Of .ae sve l0s bsads vsisa e.rs paid Tor oaasr III:
i Ia. .esss-y Of tie Unse States bscaus. ths three
parties the ratsd States the erscitof q IexAs and
&c, sss sxssetlOn o. Il. tsrms PFC possd.
The Uzitsd states wcS,d not psy any Of the money
msosiry Of creditors would release Texas upon the
tsens OF settlement which she dictated and Texas -
xib in Ter refusal 10 rnsdy her Law change her
ave millions in the rned States Treasury wil at
the time Of payment under this act with olatng
interest. II accepted have reached $3.50, 0CO. TIE
United statss ogs. distribute amona the creditors
$to,o00i bat II must be in full final settlement,
terested; and TexG must also release. eatreIy and
finally her claims against the United etstss, growing
The bill requires anal clearing up Of tbs controversy
in sn i branches asd for THIS the United States are
az ,.u. Of he sbt vh 70 July
vas SIC ossss7 CO. The amount Of a.s.
the same day, was s4,aae,eas Is.
The new bill, therefore, would pay the Texas creditors
claims allowing them benefits of the interest for the
tine the United States bonds draw Interest II the
Essa - the
Tbs VA be increased By the eonsie Grafton that some
congtss than they would under the Texas law and the
Goyerrer thinks 1t pcnt OF honor for the State TO
This amount is little over 500 ooo-so that the coa
cesson Of Texns .or the final adjustment Of the affairs
viii be little $500 GEO. that u.s. that the paid
abe expected to receive and has hitherto insisted upon
receiving, but which there chance at any time
that torssess would give her.
The Lyrchburg Republican Says
We learn that Mr. Mcdaniel the President OF the Viz
snia end Tennessee Railroad Company hiss succeeded in
selling upon favorable terms, in Washington and New
has teen SIXTY thousand dollars worth purchased
~ cur own citizens lately One OF our largest capital
wythevls end ven pleased WITH the appearance
OF the country and the prospects of the road n-
vest tan thousand dollars in these bonds upon
his return. 1be road Is now nearly completed and
II successful IN selling milton Of its bonds viii be en-
sbled TO pay OF the acatng debt and finish putting
track is We understand, already laid down some six or
seven miles beyond wythsvis, leaving only some
occGrrsd win enable the East Tennessee road to
meet them At the State line This connection an
s.ds s rails. IL. receipts e u: road
sss M isss eoa
susd We regard .hs investment a. good one. Tos
connection between this and the East Tennessee road
will be mate IN less than eighteen months.
Tie following table wiz show tie operations q
the ST. Lonis Custom House for the fiscal ysar
ending with June last -
Duties eeeetei upon imports during the sc. end
rutis: Collected upcn por.s during ,h. e..
cal year ending June 60, 1885, ......... 65475s 06
Increase over year ending oth June 1864 $3.50 $50 SO
Hospital money collected for the fiscal year
ending June CO. 1854. ............. 3l95 81
Hospital money collected for the focal year
ending June 80, 1861, ................... 3Gt6 eS
Tonnage tax licenses ana renewals Of licenses
10 pilots and engineers, for the fiscal year
ending June 90 Observation-Disclosures. 1921 60
Tt image TAI for the last fiscal year .... 1886 IS
The following is the amount Of tonnage owned
acd btlors ing to the port Of ct Louis, June
~, 4cSo...... SIC, e. %
The Newburypoft Herald states that 10 conse.
quence Of the duness Of the times, and the recent
rise in the price Of WOOL the directors Of the Sails
bury Manufacturing Company have con ,uded to
step about one nalf Of their works. Their estab
lshnent consists Of six large mls--and the result
Ct their stopping will DO the discharge Of six
bundled hands. Tae company mas . large ato TX of
manufactured goods on hand which cannot be sold
except at very low rates.
The Pittsburg Chrenicls gives the annexed as
count of the coal trade Of Western Pennsylvania
The coal Of penns yvania is about fifteen thou
square miles, te Thousand which lie OF the
Ae kaI,ss AID principally in the valley Of the Monon
gahsa. The veins from two twelve feet in thick
mesa, ana Viii yield. upon IA average, two hundred
For AL purposes mine 10 900 oC0 bushels p.r an.
num- rhieh, at five cent. per bushel, would give US
OF ten cents. Of course should get $1to00c0. That
which sod IN the west would perhaps average cents
and that consumed at homo Ave cents, the whole
age OF seven and half cents, giving us $4,000 in
| return.
At the rate OF 200 600 bushels per acre We shall OK
haust Fifty annually, and there being six hundred
snd forty In square mile, 1t would almost
thirteen Yeas TO exhaust one square mile II have
square miles OF coal should not be able to
up our coal at that rate Of consumptos less than
seven hundred and sixty nine years. But may ex-
pect the amount of mining to DO double 10 wha Il at
present in q few years. when railroads finished
snd from the rapid increase Of the population of the
West, ana incident increase Of manufactures OF every
quacrupled that from three to five hundred years
viii exhaust our first or upper strata Il coal.
About three hr ndred feet beow have three feet
which must be made accessible In the CO OF
another hundred years Even now it is thought by
sone With the improved machinery for raising COAL Il
| would Be remunerative.
At Evansville, Indiana, coal works Of this descrp-
ton 10 In successful operation 1t the present time but
that region destitute Of frst strata, and the coal
commands . much higher price than here. shaft was
ccramenced opposite this city but given up
account u the email interest taken in the affair
Of capital Where there several large hills
tguous there might be . saving even =, many Of
them obliged to procure fuel from distance, the
divided amorg several large manufacturer whose
convenient 70 each other At present however the
rarosd system fs the eyes Of the public and coal
easily be brought from second range OF hlls when
that In the first is exhausted and TO any extent
Some pits through the hrst hill, and tie
through to the second for the supply Of the large
roi,ipg mus glass houses. &C., opposite the city.
Stock EKchange.
THURSDAY, July 10, 1855.
| $4,000 Gs 20. 1lo4 600 shares Erie RI. 5II