New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-05-18
.sl,56I,49s 50
sol622el 65


tax, OF four per cent on the STOCK lhen o"ls'ahuIis
$50 62l 3OO amounting to sl4lsj and another is TO be
paid on the 18TH of May free Of Government tax OF i've
per cent on the present full capital of $5oOOOOO being
$3.50 600 During the past year 1916 passenger trains
have passed over the road carrying 1ig9lj passengers
about 10000 new cross-tes, 1900 new wrought iron
chairs and 800 tuns Of new rails have been put down
The condition of the road and the affairs of the Company
are considered very satisfactory
! recent letter from California says:
1.-THE introduction the Marosa estate o. the Eureka
gold saving machinery destined soon 10 eeet isvou
Capt Hall and Mr. Bumagem (ooher ofhe former banker OF
ne fremont estate Ihe % MN nearly :ompsted md
will probably be in successful operation by the TINE ihis
od Is now saved that could be obtained before from
of the rock New and valuable discoveries
have been made the Josephenc Ledge and other places
aud the last accounts received mines state that
than ST. coo worth Of godbearng qnatfs now IN
sight ready for the Nj Bowen arrived here
b the special Of the company in New
YORK. TO examine and report upon ne condition o. ne ss,se
embracing nearly 5000 acres Of gold bearing territory IN
caculaby rich capable under energetic direction OF
Welding everncreasng harvest Of the precious metal 10
| It's propietors for generations to come.
The success Of the process for separating gold will
form new era in gold mining and convert the dormant
quartz gold Of California into millions per annum Of COIN
The process consists in submitting finely payezed quartz
10 supcrheated in upright boilers retoIts which
passes off in the form OF gases all traces Of the baser
the thorough separation Of gold by amagama'on with
mercury; after these impurities are expelled the whole
mass of quartz supplied with mercury, and subjected to
thorough mixture by steam, which the gold and
mercury 10 combine. The mass passes TO metallic
table and the mercury is separated from the quartz The
metallic table is so thorough in its operation that gold
coin at its extreme lower end does not III contact
with mercury sufficient 10 oxydize it, II this machinery
proves equal in its working mills, and the experiments
made upon sman scale the extensive business ofquarz
mining will be changed, and mountains cf refuse tangs
Of former workings be converted into bullion, at larger
profits than attended the early days of the California and
Australian discoveries.
The editor of TAompson's Bank-Nofe Reporter says:
During period OF 100 years from 1850 to 1850 the
annual product Of precious metals gold and sve) for the
whole world certainly short of sl00OQO II IS fair to
articles the leaving something less than millions Of
dollars per annum increase TO TIE specie money OF the world
the amount Of precious metals that added to the money OF
the world during the hundred years was probably not over
From to the present time only IS years the product
OF the precious metals has been average $4,000 Co.,
actnred articles and the arts aggregate Of hard
money increase il the Is Of more than 81
The time occupied in transition from place TO place and from
country country has diminished half
during the past fifty This dmnishes the amount Of
money necessary TO carry on business us 1t 80 much the
The science of Exchange and letters Of credit has been
wanted for only occasional balances.
The system Of scared paper currency like the issues Of
Bank England bagcd c0ns0s
National Currency baed on Government bonds deposited
mentaon OF expansion Of money Ten dollars Of this
cured money TO only 81 Of specie easier and safer managed
than three 10 OF the old state Bank Currency
Drawing conclusions from these facts the hard
money the world doubled In IS years. inventions and
science have doubled its efficacy u 30 years. double the
amount OF paper currency can be Issued On given amount OF
I specie. - -.
should be qadrupe the prices paid during the
The conviction lett on our mind that this country drift
specie basis in three without contracting the cur
reney ALL and that in the time the largest half OF
debt he consolidated into long i've per cent STOCK and
that during the succeeding five the balance at least
all that natures can be consolidated into four per cent stock
The Pacific Mail Steamship Company has made call OF
SO per share upon its scrip stock, payable before
August but interest at per cent will be charged on
all payments delayed beyond June /.
The railroad running from ST. Louis Springfield
sold the 18Th inst. TO Gen. John c. Fremont for
$l3OO0O0 >eyenyseven miles of this road have already
been completed Its owners claim il win be worth sl2-
100000 when completed -Four or five millions will be
necessary finish il. passes through the heart Of the
agricultural and mineral lands of the State Of Missouri
and the celebrated Granny lead mines in Newton County
are part Of its Greatly This line is intended to be
part OF the route provided for in the Southern Pacific Rail-
road in the Senate bill reported by Senator Brown of Mis-.
souri, Fremont obieatcs himself 10 Gnish it within four
years from the date Of purchase.
Neil Bros. n Co. in their Cotton Circular make the
! following remarks:
exceedingly difficult 10 estimate The of land
under cotton this season. compared 10 former years beiOe
the war There has beer in soecn OF the country
much greater efforts made Plant largely than expected
some ago ard from obserEa and those
Of travelling in different parts OF The country
we think that che average would equal than halt OF
former crop In Alabama and Mississippi tributary " Mobile
the extent Of Lard planted would probably average wotrds
in nd
Red River COUNTRY oDehs TO tgohirds: IN Western
Mississippi and Louisiana half; in Georgia Florida and
South Carolina les than half aud In Texas considerably
than before. Starting this basis and making
allow for being ceraia amount Of truth an the
statements about defective seed which reach IRON too
may quarters entirely discarded and making allowance
also for the fact which cannot doubt that between late
Spring overflow excessive rars considerable repanng
was necessary still TO the conclusion that with is
vorsbe weather hencefor crop millions quite
mara