New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-02-12
snd In Some cases ~ high g. but at an average Of
. nll tie innnage wAs obtained tnnt was wanled.


The 'argCs. portion Of these ores go to Cleveland.
whence they re.transpor'el in nearly equnl
to the coal fields o. the Youngstown Valley over tho
Nahonin9 faiI Old AID to Pittsburgh over the Ciove
land and Pittsburgh Road. Tho neigbt per gross tuD
over the former being q. and over tie hitler believe
81 The balance goes TO supply the charcoal furnaces
and Detroit; 20 those upon the south saOre u
Lake Erie; TO Erie City, end thence down the Erie
Canal Extension, md 70 Buffalo. AZ this time over
forty furnaces. most OF which have come into being
within tho las fge ye1r. nre engaged IN smelling these
In whole H. plit Gt tho places thus designated
and with the most wonderful success.
On average three tuns o. .ho ore prciuce viii
two uns OF metal This iact in connection with their
cheap transportation 70 the most exten,yo bltumiaous
and anthracite coal fields IN the wO..G--all Of which
viii be realiz9d when the Erie nud Philadelphia Rail
road ~ ccInplci odNith tie quality OF iron produced,
and the largest and continually charging market in The
nation. makes II perfectly apparent t1ot no limit be
fixed TO their demand, under one million gross tuns Il
can be supplied
Because Of this conviction together wi the expense
snd delay OF trans portation through the ~. Narys
River and tho SaG Canal from Narquettc Chicago and
Now ork capitalists about seer ago, organized
the Peninsula Railroad Compauy the route Of which IL
from the base Of Little Bay do Noe, Green Bay.
TO tho iron mines, dista 90 ~ % niles. thus open
ing line Of shipment via Lake Michigan, through
the " Straits" Of MGosinaw Active operations we've
commenced upon It IN Jane last and aC this time 70
miles Of the iron have been laid with most Vt II IN tho
ground for the remainder ~ tie distance; Wldlo The
grading and ties will be ready for puitG It down IS
soon as the opening oi Spring VIII permit. The Com.
pany intend that Il shall be in operation by the lot o
July next az iaI,hegt
With this completed and that 81 he Marquette and
Ontonag1n Road TO Lake Michignumi connecting With
The Boy lie Noe md Marquette Road at be Lake 81
pcr!oT Nine there Is good reason 10 believe That the
public demand for this ore viii be .aDy supplied.
ii other commercial facilities sponGingy IL
creased. as we presume they win be. The Marquette
END Ontonagon Road 10 the points aOol named l. be.
Ing pushed with yigor. AID will probably DO completed
the coming sea on.
The stocks Of the Iron Mning Corporations we have
named not offered N the MAJ ke, those hollB tlem
being perfectly satisfied TO keep them nor are their
proGtS and Inducements officially made public. Yet
safe 10 lting that there were divided y tLcn
In leg2 over e210O0 and IN 1868 or Will bC) about
10000 with ftA almost piethO-e OF money in their
Jrcnsures
In the magnitude Of It's wealth, commerce. aud man
ufactnTe the tine Is AZ baud when tie non ores Of Lake
Slpenor viii hold front riAk In tee sublime destiny
Of tho Great West, tho hsS south, ara S0uth-Ncst
ALIEN. CAMPBELL
Hsv- York Ieb. D. 1854