New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-02-11


The Bank statement of Monday should show some
increase of the specie lne There was rising aver
age in the last statement, and the disbursements from
the Sub Treasury than counterbaanoe the above
shipments With the interior we cannot learn that
much has been done this week Some gold is expected
next week from Boston and Philadelphia. The Sub
Treasury will probably disburse portion of the re-
mainder Of the Mexican Indemnity, and the California
boats will be due. II would seem that gold should
be moderately plenty next week.
We are informed that the Howard Life Insurance
Company has made transfer Of its outstanding risks
to the United States Life Insurance Company of this
city, with view Of organizing Fire Insurance Com
pany with an increased capital This arrangement
seems TO be in all respects most satisfactory one the
policy holders of the Howard being transferred to
Company of such high standing and well known char
acer as the United States while the latter Company
continues tranaact the business BOTH paying back
the amount OF capital TO the stockholders Of the
Howard.
Some days since The Buffalo Commercial Adrer-
tser printed an editorial article in which, evidently,
with entire ignorance OF the subject, it undertook to
at the Breckenridge Coal enterprise, doing great
injustice to that Company We have pretty full
knowledge Of the operations Of this Company and the
value OF its property, and have confidence that its
future development will fully justify all that has been
claimed for IT, We can assure our Buffalo contemporary
that his desire to write smart paragraph has led him
into act OF in Justice to enterprise of great public
utility and to Company, in It's conception and organi
Zaton, as legitimate any in the country In regard
to the oils made from this COAL in which The CONNER
cal Is more especially disbeleyer, say OF our
own knowledge that such oil is at this time being
made by concern in Brooklyn and sold daily in
this city, for use in lamps, by one of our most
respectable houses. The concern alluded to has
purchased for the manufacture Of this oil
one thousand tuns Of Breckenridge Coal We
know ako that another mandatory in WI
Lamsburgh is being fitted up for the same purpose
These, however are small affairs. The mandatory
from which the largest production will be realized is
situated On the property Of the company al Clover
port. MessTs. Cairns, who have had considerable
experience III Scotland in the distlatiOn of coal have
already spent about $50 600 in mandatory at that
point capable when worked to It's full capacity OF fur
nshing 10000 bbls. per annum Of burning and lubr-
eating oils. This factory viii be ready in the Spring
These gentlemen have made contract with the com
Iany TO take 1900 ;uns OF coal per annum for ten
years Tie parties interested in the coal company
Of them sanguine enough to believe that
within FIVE years the mining and distilaton of their
coal viii supersede the pursuit Of the whale and drive
tie whole whaling feet into some other trade. A. a
fuel il IL demonstrated and universally admitted fact
that it il the beet coal IN the wold-the only draw
back TO 1t being that It i consumed rather too rapidly
for shallow Fockets. 1t makes pleasanter and hotter
fire than the best Liverpool camel, bat burns out
sooner. The Buffalo Commercial may be assured
that had possessed more knowledge OF this atterits
article wCuld never have been written
We hear that the agent OF Russian house came out
to Halifax II The act Halifax steamer whence he TEL
egrophed to New-Orleans for the purchase Of very
large quantity Of Cotton, aid then returned in the
steamer fcm Boston which touched a. Halifax. This
accounts FOX The large business done in NewOgeans at
that time.
In this marke: Wheat Is held very firmly, and Flour
las IN improving tendency. Corn IS quiet. The
foreign Iette are rather favorable in regardts Bread
s'pfs. Gotten . very fnm, With moderate business.