New-York daily tribune., 1856-01-14
Prohts..... Eio'No
The assets and liabilities Of the Company are:

The assets and liabilities of the Company are:
Lands taken for stock Of the Company is9 80 90
Expenses of organizing 9oS %
ssb in hands Of agents for disbursement..... 800 81
Coal on hand Locust Point cost.......... !!t5 y
Cole on hand at the mines cos-............ $50 90
iInnrovsment account 1892 49
ofce furniture in New.Yok 800 20
Bills rec evabe and accounts due for coal 5j''d5 eS
,57s8sa 80
LIABILITIES
'a'N '0i i''N'O y w. - sl,5sl,Iso 2i
Surplus us.....................-........ $lo,'Vo 10
The Trustees report that in pursuance OF the pro
visions of the deed of trust dated January II, 1885,
they proceeded to sell and dispose of the 5997o shares
Of stock placed in their hands, which was accom-
pli,hed at the uniform price of IS 33j per share,
amounting to s499, $50 of which amount they have
received
By sundry insaens per terms Of SSl 6S 70
Leaving balance yet to be receved.... sl2s,I25 81
The amount received as above has been applied as
follows, viz.
To the payment of liens and ss9 @
To the payment Of interest accrued thereon and
allowed 10 stockholders who have converted their $1,000.
cs.b sdysDeed American Coal Company eSO "a
Cash balance hand 1871 ~
Total...............,............ 57l6S -
The Trustees state that they have no reason what
ever to doubt that with the means now on hand, and
the proceeds of the stock yet to be received they will
have the means 10 discharge every incumbrance upon
the lands before the close OF the ensuing year.
The Trustees report that the Company own l, ,i3l
acres coal lands extending three miles along Georges
Creek. all of which contain the fourteen feet vein.
They also own 200 contiguous, containing the
smaller veins The best lands at an average dis
...laa a1rn uoint m
junction with the Baltimore and Ohio Road. OF the
sales during the year, III tuns were to the Bati-
more and Ohio Road for the of their freight en-
gines The profit on the years business aver
ages about 20 cents u tun, but vari
ous economies have been introduced which it
sbeleved will increase the profit on the current years
business to 80 cents T. tun on 10000 tuns. To the
report are appended certificates speaking of the supe
ror quality of the Coal from the mines of the American
Company for making steam from j. b. Gaddis, esq,
General Assistant Superintendent Of the NewJersey
Railroad and Transportation Company; NJ. L. Sykes,
ESQ.,. Superintendent of the Hudson River Railroad
Company; c. j. Taylor, esq, Superintendent of the
Upidn Ferry Company of Brooklyn; Charles A. Wool
sew esq.,. Superintendent of the Jersey City Ferry;
J. C. Thompson, esq., of the Staten Island Ferry and
James X. Gautier. esq., of the American Steel Works,
slt
ing and their statements entitled TO the fullest conf
dence.
The Northern Light brings s637, 700 in gold, which
is rather more than was anticipated. The Panama
boat is reported to have on board 81 500 OOO of which
probably $500 900 goes TO England. Business had
been dull. The Money Market was without change.
Heavy rains had fallen and the miners were fully and
prottably employed. The San Francisco Shipping
Last says:
During the past fortnight the market generally
has been very du and rates in many leading articles
have declined The demand from the country, not
wthsanding that sufficient rain has fallen TO enable
the miners to get work and consequently to justify
a revival Of trade has continued very light and the
iobbers here seeing advantage in purchasing goods
on falling market, and feeling generally disposed to
their soe run G down .s s ,ss s & % s 5y ysfI haze S
to keep up II is hoped that within month
Ses and a. the close business duer than we bsre seen it
many months past. The stocks in hands
lsns rapidly and henetoh expect very considerable
additions TO them fortnight The demand or loans upon
merchandise a y = eeei not quite % setiye
notice Loans can be procured At iia2 cent When we
contemplate the present condition Of the cry comparison %s
bright expectations for the future We had then quar-
houses and unoccuped and but few ventud 70 fore
tell when the cownwHd progress o pfees and rents woS
Yet though difficult to test the value Of lots AID
houses few actual sales being made have come
stand and the ounous notice To Let 10 longer 'ees US
at every turn -. .,.- .,
the including the mining regions aud il districts the
supply Of sufficient for the present Of the popu
atiOn The miners present generally but the re-
suits Of their lsbors apparent IN ths The sup
ply Du, present very and bar. have again gone up 70
par Within few weeks however may expect penIia
supply OF the precious metal from the mountains
n Stocks literally nothing mas been done. The only feature
Of the worthy % record issue Of about to9o
State Controllers in payment for work alleged 70 ha'e
done the Prison. The oonsde 10 say
the least, Suspicious movement Appropriation ha.s
been made for L BY the LegsAture aud there not wanting
those who charge direct fraud the parties interested
Warrants in consequence have declined very mate y oal
douht II the depression will be than Temporary
OF late series OF violent attacks have been made N one o
daily the character and Standing OF porei
old abshed banking which us@eIS
parties IL the East led BY see
ing them
The Atlantic, from Liverpool, brings weeks later
advices. The variation in Consos has not been
marked, but the closing price Is lel y cent lower
than by tie Canada. The demand for money con-
tinues stringent, and this, with weakening Of conf
depce in the peace negotiations, and the Oss Of gold
by the Bank, had produced heavy stock market.
The following table vii show the fluctuations u
Consols;