New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-01-09

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Who in TIE aggregate mine from ~ 70 " oHsH coal per aAy'
I,b .looned loaded into xlaecs. BY tn miners
ard drawn GU; b. males to the sac eo vhere Teened
before dumping into the srE' cars
The Company hs 80 yard. Of underground railroad
md $50 yards II train road leading from the entrances OF the
coal openrs the resehoas and sfodins ample space an
f.elirie. for the RI Of 20 miners
The roads in excellent order FOR dong large 0-
ness the enslin, year.
The Co. ted lies almost level dipping TO the : '" only
hou, forsy Zee, 20 the mile hence the mines sersnng
.lvays drs and IN working condition
TbA coat of mining for the past year has exceeded former
..tu.e. which ,rses IN from yielding Of the
C,r.uy TO the demand Of the miners the time Of their
strike a. well as from ther Increased expenses necessarily IN
cured in driving the entries constructing trn-rosis and
Ksrins for future operations on large scale
b Co,,nv have caused portion Of their lands in the IN
mediate vicinity Of the mines to Be laid out in to~npos ~
la. xtv BY one hundred and fifty feet upon Of which
,h, tep.mens have Snd occupied 5y
,borer, and mechanics their employ. well ss miners
Several lots have been sold TO persons employed by the
upon which they have erected buildings for residences
or for doing business.
h.v. ais. been donated for Methodist Baptist and Caho
lie which are be occupied by suitable edfees
for rubc worship The COMPANY have set apart convenient
t and but thereon and eommodous school house
which i, now in for the purpose intended snd
,ouetires for religious worship. II also lecture
room for evening meetings.
,swm belonging the Company in this village and
% the last report they have put up suitable buildings for
cshop blacksmith shop slides schutes and other structures
Of importance their works
This village Bennettsvle" and, including the
Comr,nys property contains the steam wm before no
iced a srsu mill esr-shop two smithsshops, depot
wood house scsehouses hyone dwelling houses three
,tores and postcfhce Is growing fsPay ana oa lan ~ DC
cone al important town.
P,o, 70 tie Of the railroad the place
wilder ess-sones and being the only visible eOmmod
tie, hui BY energy perseverance, every obstacle has been
surmounted and now thhyng village their efforts
with success
Tn. completion Of the house and few small
s,osnt, for miners at Bennettsvle small freight depot
1bonpsonye and locomotive turntsbe each end Of the
o,d are all the further improvements necessary TO the Com
psny at present
Of the Pine miles of Railroad including turnouts
switches druhouse planes mine roads sc sufficient TO move
with additional cars 600 coal per annuni labor mining
,,lares &c incl uded has 800 s 90
The ompsny have hand in the Trsssurers hands S 10
And owe floating debt a. o3 20
They have also hand other including rolling
stock barge mules oxen tools &c TO the value off4si 90
There are shares Of the preferred cent stock belonging
to the Company valued par The Company also have $40
mn, NJ coal in transitu from CoverpOr TO New Orleans
In addition to our extensive improvements building railroad
openins the Mines and perfecng arrangements to do
large this year. have mined and sold over $4,000
worth Of coal
From
at no statement Of the in detail
Fan he furnished but comparing the vouchers and receipts
with the Of oney advanced by the Treasurer
convinced that the been faithfully and honestly a
piled to the punOs intended
On the slst Of November 1884, the Company had on
Railroad in the and about their works two hundred and
seventeen employees, statement accompanying this Re-
mort departments voeatons and rate per dey
q which they are paid
The Company their pay sixty hatboatmen
on their way to New0hesns Since December many
have been discharged and after the LIST Of January the whole
npuber EMPLOYED by the Company Will be reduced
thing less than hundred men.
In the Winter of 1854 applied the Kentucky Legislature
for charter This readily granted in the most ibers
spirit One thing it, however peculiar Instead Of fixing
an amount capital the Governor Of the State appoint
three Commissioners. Appraisers who after being sworn
were spprss property fixing the amount on which in
their opinion he company could when successful operation
nav l2I per annual dvdendsths amount to constitute
their capital stock
The Governor appointed Geo. D. Prentice esq., Prof Benz
slimsn IT, and Hon. Byron r. Young neither of which
gentlemen had any interest in the property.
After proacted and aborous CATION these Commits
ouers returned their valuation In other words
thew said the Governor under OATH The Breckenridge Goa
Company opinion ~ cent annual dividend
on their works shall have been in successful
operation"
We deem this explanation to do with the i'm
preston that Company has large ssitsl based
parstiyely small expenditure
The amount OF capfh wS n seeing W. believe
however that the Commissioners acted in good
great foresight fixing the amount In their the Gov
vernon, they say:
Twelve p cent upon cspt. will be $4,000 p an
numa Two hundred of coal sold profit of IS u un
will Weld profit of $500 900 1t is generally
agreed 500 coo tuns quantity much likely to be
sold We win reduce estimate of profits 80 tun and
the net avsils remain the
Either Of these estimates will meet the requirements Of the
Act We do hesitate therefore,
estimated value by sppsemen Of the Breckenridge Coal
Property
Upon this Report Governor issued hi. which
was perfect charter thereby fixing Of
our capital as above stated
The stockholders at meeting in the Spring Of 1854 relin
quhed to the Company $3.50 600 OF their stock There it,
therefore, outstanding 1854, eco in stock
The oompsnys $3.50 900 has been voted preferred per cen,
stock and 10 available such them. As yet but a very
su al. amount ess hundred shares has been sold
In our the value of whole property
doubled by Developments II sertsned with
out coal beyond precedent valuable for the
manufacture OILS beuEoe and pas6ne and will
conn and high price permit Of its fuel.
In conclusion embrace this opportunity express
shaken confidence the value Of the Breckenridge Camel Coal
property. ,.---.
investigations the increased value our the
manufacture oils and other valuable products leave
than ever ultimate prof, the oc khode
AL of which Is respectfully submitted.
JOS. NJ. BROWN President.
CloterDort, ny, Jan l, 1850
JNo. THOMPSON, Treasurer.
L. W. BADGER, Secretary
Markets-CAREFULLYR REPORTED FOR The TRIBUNE.
TUESDAY. Jan 8, 1855.
ASHES-Tbe market firm for both kinds the demand light
at ~ Pots and IS for Pearls.
COTTON-A moderate business W.. done to-day. The
of the Canada at Halifax and the reception Of her
in the by telegraph has not Influenced the