The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-10-28

The Philadelphia Journal IN ing the suspension
Of coal Operations BY the New Creek Coal Company
says
We informed that the New Creek estate viii proba
bly, IND its resn. nation in the ron manufacture Eevc
wus locality favor able Besides the ixtaposino-
OF ores, fuel aud foxes. highly valued by iron
the position is midway bet~een the Atlantic and q
tlhio rgh, In the line of connection VITA the leath
railways o. the state. which would enoig
demand, at prices which tariffs would LITTLE aisct,
large production II s expected that the company VII,
put up one experimental furnace soon, and be guide
tho results. This will be fafc and economical mode
proceeding and viii be more crediahlc 70 the compan,
han ueseriy inactivity, which will be a
mo'h upon ik effects Inc market value OF Tits sLocg
81 for $40 par It's niebietuess ia cai-ny IN Sta
bonds Of which less titan 500 o0 have been Issued
which the company have always regularly PAID 70
these there " market whatever because they
ana shaschoidefs Their coal properly i sed IN trus,
tor ia redemption by wealthy aud reliable citizens mere
VINO are known 20 orr community. The value Of to-
stock depends entirely on the management IL the roG
husints. be not undertaken, or II being tried shal al
O. succcss must look beyond into regions OF
discovery FOR means to give II value.
The Legislature OF Wisconsin has pas sod contain
ing the following clauses, which Of importance 10
holders ofrniiroad bon,a;-
!. That tho mortgage shall real estate acquired
and road constructed after The execution OF tnc mort
gage
2 Ttal ihe rolling stock (when By tho terms Of H.
mortgage il T. embraced thereip Is dc:iarcd Azure
The road aud covered By the mortgage.
q That the act Is 10 apply 10 mortgages executed beof
az well rs niier the passage.
l. That mon foreclosure the franchise passes 10 tn
mortgages
The earnings OF toe LeLg valley Railroad Tor scpcm
Der were a. follows
fsssengers. 80. s6I22 d
r,esh' ieos Y.
2ii25b 40
Total s3lssl -
Al the recent election for directors OF tho sackcu'r
Harbor aud Saratoga Railroad Company, the following
named gentle men duly elected for the ensuing year
iz.'-Elsba G. IHchacd, Leroy NJ Wiley, Lowell Hal.
brock, Charles A. Macy, Lucien 0. Conan, John r.
Briggs, EIectus p. Tichaeld, Edwin Hamilton Samuel
J. Besls Benjamin Brandrcth Of New York. George tit
bets. Of Troy Daniel Cool vim OF Oneida L. Paddock
Of wstertown.
Tho Doard have since organized by the appointment Of
Elisha G Ltchhed, PRESIDENT John r. Briggs. Vice Pro.
sicent Charles A. Macy, treasurer Edmund y. Saxon,
Secretary; AZ. Edwards, Chief Eoeineer, and John b.
Mills As Consulting Engineer aud Superintendent OF ope.
raton,.
The Company have now perfected their title 10 over
5o0ooo Of land granted by the state and individuals
along the line Of the road have procured the taking
Of ono million Of dollars Of their bonds exclusively among
their stockholders and ncnced the construction Of
their work under the exisiing contracts, We call sen
ton TO advertisement nrsi instament upon bonds &c
The annexed statement exhibits the average daily
movement in the leading departments Of the banks
this city turing the week preceding saturday morning
oct 25 ls56-