The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-07-19

The Beekman Fire Insurance Company have de-
clarsd semiAnnual dividend Of eight per cent
The New York Central Railroad . misunua,
dividend Of four per cent, payable on tho 2oth Of
Angus
The Peter Cooper Fire Insurance Company have
declared . semisnnual dividend of eight per cent
By the last mails from Aspinwall the Chiriqu
Improvement Company have received most en-
counging aivices from their agent and engineers
sent out TO examine and report upon their property;
the great number of coal beds to examine being
spread over a large extent Of country, require
considerable time but enough Ia known now by
their recent examinations to place II beyond a
doubt that good working coal beds exist upon the
compeny's possessions. The coal formation liz not
Of ~ old date as that Of the United States; but
this was expected TO be the case in a volcanic
country. The want Of age in the formation IL com
pensated fully by the volcanic action--this Ia ex
empHhed by the fact that the coal Of the Chanqui.
nols IL reported by Professor Manro-s TO be Of
superior quality, heavier brighter and more com
pact than the beds which the edge Of the
ses, and which have, from exposure, lost much Of
their strength the volcanic action nearer she Cor
dlen range having been greater, and consequently
more effective upon the coal measures the veins
near the Lagoon vary in thickness, some Of them
being FIVE and six Feet but the coal there Is light
and brittle and though easily mined is not equal TO
hat Of Chanquinola- The official information re
ceyed is very condensed and brief, but establishes
certain points which show beyond question that the
company possesses good workable coal mines
The locality IL which the works will be fixed
il Of course not yet determined, As many
more beds have yet to be examined; bat Professor
the other, and will probably recommend that point
"a the best, unless he should find other beds, OF
equally good quality. in location which should suit
him better This Chanquinoa coal "a the frs,
which was discovered by Mr.. Morel, some years
since. and has always been the favorte point with
the projectors Of this enterprise for establishing the
works. The Chanqunols IL double the size,
nearly, Of TIE Chagres river and this bed Of coal i
about threequarters Of mile from the river, and a.
far A. examined shows about fifteen feet Of thick
mess, thirteen feet Of which IL pure coal. Cosl
could be brought down to the shipping point In
few hours, a. soon as the arrangements OF the com
pany shall be completed. IT, dne timber Of thi
river win thus be made .ervicsable at the ship
ping point and the fat ro1t 10 brng down the
coal can be constructed as they are in some parts
Of the Western country, where they are used after
wards for lumber. or course no positive line OF
action can be adopted until the full examination Of
All the points IL made these rst reports, however,
settle the main question and establish the fact be-
vopd doubt, that superior coal does exist and can
be mined at . very low price. Az We know the
great interest which this enterprise has for the
commercial world we have merely adverted 10 the
facts briefly. We shall keep the public advised. So
scon A. more circumstsnth reports shall be receiv-
"a from the engineers we have no doats the d.
rec,ors viii lay them ~ srferso before the commu-
ni'v.
The annexed statement exhibits the quantity and
value Of foreign dry goods entered at this port for
consumption, for warehouse, aud also the Withdraw