New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-02-24
Total. 1859 l,6T as
MINING MACHINERY THE MINES OF LAKE SUPERIOR,
JANUARY !, 1887.
horsepower. Heads Of Stamps
Totl............. D

1.-The aggregate cost of me steam engines is esti-
mated at S3OS,7O0. OF the 20 at keweeniw Point,
three are portable engines At Copper Falls the stamp
heads are put down as %, while two of Them Balls
machinery are actually equal to 80 OF the old style
Each stamp head should pulverize 1000 pounds OF
rock in "a hours. So that reckoning Balls stamps
equal TO 80 heads the aggregate machinery at the lake
should crush 1872 tuns ef 600 pounds per diem, equal
at IL per cent to nearly tuns of fne copper The
Pbeni1 c. mpsny's stamps run by water power.
"Ihe sotsl product shipped from L.ke Superior In
1856 reduced TO ngot copper results IN not ess man
1000 tuns of 20eO pounds, worth, at % cents si,oV
CO."
Extract from Mario KaS:'. Ci,eaid, 70, Ea,ope ,.,,
P Since eS1 .vss OF 18th the
socAs prevailing has received CHECK aud has been fol-
list with the exception Erie Stock The last has declined in
cor sequence second feshet which ed of bridge and
!. much easier r loans on Stock differences paid
purchases lime have .ensby declined but the Discounts are
European Exchange continue 10 range below the
doubtless weeks yet lead to expect but
tfDs Of Gold for some time TO come The specie
rested while the Exchange with the Northern cities continue
favor New York. there is then good reason to
one hand by arrivals from California aid having only 70
meet the requirements of the SubTressry the Ohe will
hse touched before the lat Of loves, point the
spring season The amount held BY the Sub Treasury Is
From The Detroit Free Pre-s.
The RAILROAD GRANTs.-We have befJre US tue
donated by the General Government to the following
nsmed Railroad Companies, viz: Detroit and MIL
waukee; Port Huron aid Milwaukee; Amboy, Ian
sing and Traverse Bay; Flint and Pere Marqus te
Grand Rapids and Indiana. All Of the above are 10
the Lower Peninsula The following in the Upper
Peninsula, bordering en- Lake Superior, viz Mar
Quete and State Line Ontonsg0n and STATE Line;
Bay De Noquet and Marquette; Marqu lite and Onto
nagon. The roads contemplated in these grants ara
about 600 miles in lei 9Th, opening all Of the nohe'
part of State. well that port IN lying near
leke Superior We have not eeen any sts,emeot Of
the qusnthy of lands which will fall to the share of
each separate Company, but undersaId in the aggre-
gate it amounts to between three and four millions of
acres. We cannot undertake now TO pass upon the
merits Of the law making over Il ese grants to the
eral Companies, but We know thst, hjudciousy used
our Safe must derive q vast benefit from the new
roads which will be built under this law. To Detroit
it will be of immense advantage
There three lines starting from the Detroi. and
Milwaukee and Port Huron aud Milwaukee Railways
and peIeIatiDg The northern pant Of the State; one
f ON Grend Rapids, opening 10 the rich country on
the Muskegcn; enc from st. Johns, running directly
north toward Macknaw, passing through the County
of Grstio, which is equal to any por of our State
and TIE other from Flint, opening the rich and fertile
valley Of the Saginaw and its tributsee These lines
will pour down an amount of business upon the De-
troit AID Milwaukee aud Port Huron and Milwaukee
Roads which cannot be estimated. Although those
two companies will probably receive much the smaIl
est portion Of these lands yet II is probable they wilt
in the end derive more benefit from the grant than
with long tributary lines, passing through rich coun-
Try, wi bout calling upon them for any aid.
The Companies on Lake Superior will undoubtedly
give US roaos reach with and dispatch,
the immense deposits of iron and copper known TO ex
let In that region.