Volume 08 (1864) (474 pages)

The Mining and Scientific Press, 243 the present prodnetion of gold, compared with Tormner periods, is cuormous ; and it wonld not be snrprising, if, in view of the explorations which are going on in Afrien, South America, and countries bordering upon the equator, within the next decade, the product should he a million of dollars daily. The price of guld has not diminished, although tho supply has tnereased seven-fold within fiftcen years. . —_-Ax Axctext Tix Trane or Brirary.—aAt a recent entertainment of the Southampton Polytecnie Institution. given at the Royal Victoria Rooms, Colonel Sir Ienry James delivered an interesting address on the Ancient Pheenician Tin ‘T'rade, of which the following is an abstract: Ie said it had been a matter of discussion fur many thousands of years, since the duys of lferodotus, as to the direction in which, nnd the place Irom whence, the ancients obtained their supply of tin. In the earliest aceonuts the Phoenicians were said to huve passed through the Pillars of Hercules, or the Straits of Gibralta, in order to searcii for the tiu islands, and it was nlso stated that the tin came froma place of six days’ navigation, A more detailed aecount was furnished by Diodorus, who, in giving a deseription of Britain, tells us that it is these people who raise the tin, which they cast into a certain form, and afterwards earry if to au island which has this peculiarity— that it is an island at high water, and. peninsula at low water ; then they may embark it, and take it to Ganl, after which they carry it 30 days on liorseback to the Mediterranenn. As there is no other place but Corwwall where the tiu is found, they know that is the spot to which all these observations refer. Transtators, however, had erred in describing the form in which the tin was cast as being in the sbape of cubes or dice. tin was dredzed up in Falmoath Uarbor @ model of which was exhihited,) flat ou one side and curved ou the other, with a portion cat out at cither end, thus forming four points. It had been described as a double canoe, a butcher's tray, and all sorts of descriptions had heen given to it: but it was proved that this block of tin was onc of theidentical blocks cast in the form descrihed. He had no hesitation in saying that St. Michacl’s Mount answered the description of Diodorus in every possible degree. At high water it was surrounded ; at low water there was 4 roadway across, on which a frieud had told him he had driven a c:ach and four, and to this ‘day the tiu obtnined from that island was brought across in carts for embarkation. When they came to put the facts together they would find, iu the discovery of this block of tin, a wonderful confirmation of the fact that this was the place relcrred to. Sir Henry referred to other facts, with a view of establishing the descriptions of the ancients, and at the conclusiou of his address he was loudly applauded. Styounar Expnosrox.—The Napa Reporter, of the 2d inst, had a letter from a workman at the artesian well heing bored at Calistoga Spriugs, Napa couuty, Cal., which gives the following account of a singular submarme explosion: From some cause or other the pumps got out of order, and the workmen poured some cold water down them tosec if it would make them work. When the cold water came in contact with the hot it caused an explosion, throwing a strenin of hot water several feet in the air—some say forty feet, and others much higher. One or two of the men were slightly scalded. Discouracixe rrom Inano.—Chase, a returned Boise miner, is not by any means sanguine ahout the chances in that inhospitable region. Ile says the mines in California aro much richer than those of Idwho—that in the latter eonntry they oceupy avery limited space and are pooratthat. It was estimated that 80,000 men in Idaho were out of employment, and everything exorbitantly high. The climate is cold and they have ice there in Aucust. It is nothing uucommon to have four or five feet of snow which lasts through the Winter—Awurora Times. Wasnor Coat ror Gas.—The Virginia Gas Company have made a test of some five hundred pounds of coal from El Dorado cafion and found it a very fair article for gas, though that at present obtained contained a rather largo per cent. of water—a trouhlesome pei cent. The company say that the coal will answer very well for the manufacture of gas but in order to use it some additional’ apparatus will be required for expelling the water from the coal before using it. The coal companies offer their coal at $30 per ton. THE Taunton Locomotive Company are building an exteusive improvement to their works. About 50 years ago a block ol — [ite-putatenea hy Requieeiey An Act Concerning Assessmsnts upon the Stoek of Corporations, Section 1. The Trustees of any corporation, formed under the general luws of this State, shall have power to levy and collect, for the purpose of paying the proper and legal expenses of sucht corporation, assessments npon the capital stoel thereol, in the manner and form and to the extent hereiuafter provided, and not otherwise. Section 2. No assessment shall exceed five per cent. of the capital stoek of the corporation, nnd none shall be levied while any portion of any previons assessment shall remain unpaid, or uncollected, except in cases where ull the powers of the corporatiou shall have been exercised iu accordance with the terms of this act, for the purpose of collecting such previous assessments, and except, also, the collection ol a previous assessment against one or more stockholders, restrained by injunction or otherwise ; in which case, further assessment may be levied aecordiug to this act. Section 3. No assessment shall be levicd exeept by order of the Lsoard of Trustees, concurred in by 2 majority of said Board, and entered upon the records ol the corporation. Section 4. Every order levying an assesment shall specily the amount thereof and the time when, the person or persons to whow, and the place ‘or places where, the same is payable. It shall nlso appoint a day for the advertisemeut of the delinquent list, which shall not be less than thirty nor moro than thirty-five days from the time of the making of such order; and a day for the salo of delinquent stock, which shall not be less than ten nor more than twenty days from the time appointed for the advertisement of the delinquent list. .». ; Section 5. Upou the making of such au order, the Secretary shall cause to be published immediately a notice thereof in the following form : * [Name in full.] [Location of works.] Notice is hereby given, that at a meeting of the Trustees of said Company, held on the [date] an assessmeut of {amount] per share was levied upon the capital stock of said Company, payable [wheu, to whom, and where, particularly]. Any stock upon which said assessment shall remain unpaid on the [day fixed] will be advertised on that day as delinquent and unless payment shall be made hefore, will be sold on the [day appointed] to pay the delinquent assessment, together with costs of advertismg and expenses of the sale. [Signature of Seeretary, with particular location of cal Section 6. Said notice shall be pnblished once each week for four successive weeks, in a daily or weekly paper, published iu the pluce designated in the articles of incorporatiou as the principle place of business of the corporation, and also in some paper published iu the County in which the works of the corporation are situated, il a paper be published therein ; provided, that if the works of the corporation are not situated within some State or Territory of the United States, then publication in a paper of the County shall not be necessary; and provided, also, that if there is no paper regularly issued on Saturdays at any place where publication is required to be made, the notice may be published in every issue of the paper which is most frequently issued at such place, for the full period of four weeks; and provided, aiso, that there is no newspaper published at thnt place designated as the principal place of business of the corporntion, then the publication shall be made in the newspaper published nearest thereto ; and provided, also, that the notice specified in the 5th section of this act may he served by delivering a copy thereof, certified by the Secretary, to each ‘stockholder personally, and in case of such service upon all the stockholders of said corporation, then no notice by publication shall be necessary, aud such personal notice shall be deemed complete. Section 7. If any portion of the assessment mentioned in said notice shall remaiu unpaid ou the day specified for the publication of the notice of salo, the secretary shall, unless otherwise ordered by the Board of ‘'rustees, cause to be published ih the same paper's in which the notice provided for iu section 5 shall haye been published, a notice substantially in the following form : i “ [Name in full; location of works.] Nottce— There is delinquent upon the following described stock, on account of assessment levied on the aa {and assessments levied previous thereto, if any, tho several amounts set opposite the names of the respective shareholders, as follows: (Names, number of certificates, number of shares, amount.) And in accordance with law, and an order of the Board of Trustees, made on the [date,] if any such ordor shall have been made, so mauy shares of each parcel of said stock a3 may bo necessary will be sold at the’particular place, on the [dato,] at [the hom,] of said day, to pay said delinquent assessments thereon, together with costs of the advertising and expenses of the sule. [Name of the Secretary with location of ee " Section 8. Suid last named notice shall state every certificate of stock separately, wilh the, number of shares which it represents, ail the amount due thereou, except where certifieutes may not havo heen issued to parties entitled thereto, in which case the number of shares, and the amount due thereon, together with the fuet that tho certificates for such shares have not been issued, shall he stated, Section 9. Said notice, when published in a daily or weekly paper, or iu both, shall be published as follows ; When published in a daily paper, the samo shall be published Tor a period ol ten days, excluding Sundays and holidays, previous to the dny of sale: when published in a weekly paper, the same shall be published for two wecks previons to the day of sale, the first publteation in the weeltly heing at least fourteen days prior to the day of sale. Section 10. By the publieation of the said notices, as hereinbefore provided, the corporation shall acquire jurisdiction to sell aud convey a full, complete, and absolute title to ull of the stoek described in the notice of sale upon which any portion of the assessment or eosts of advertising shall remain unpaid at the hour appointed for the sale, but shall sell no more stock than is uecessary to pay assessments due, and costs of sale. Section 11. On the day and at the place, and as nearly as may be at the hour appointed in the notice of sale, the Secretary shall, unless otherwise ordered hy the Board of Trustees, sell, or caused to be sold at publie auction, to the highest bidder for cash, so many shares of each parcel of snid described stock as may be necessary to pay the assessment and charges thereon, according to the terms of said notice : provided, that if payment he made before the time fixed for sale, the party paying shull only be required to pay the added cost of advertising. Section 12. The person offering atsuch sale to pay assessment and costs for the smallest. number of shares, or fraction of a share, shall be deemed the highest bidder. 4 ; Section 13. The time fixed in any notice published according to the provisions, may be at once extended for a period of not more than ten days, by order of the Board of Trustees, duly made and entered ou the records of the corporation; but no order extending the time forthe performance of any act specified in any notice shall be effectual, unless notice of euch extensiou or postponement he appended to and published with the notice to which tho order relates, before the completion of the, regular course of publication thereof. . © Section 14. No assessment duly levied shall be rendered invalid by a failure to’ make proper publication of the notices hereinbefore provided for, nor by the non-performance of any act required to be performed in order to enforce the payment of the same ; but in, case of any substantial error. or omission in the course of proceedings for collection, all previous proceedings, except the levying of the assessment, shall be void, and publication shall be begun anew. Section 15. All acts and parts of acts inconsistent. with ths provisions of this act are ‘hereby repealed ; provided that such repeal shall not alfect proceedings commenced for the collection of assessments heretofore levied, but all such assessments may be collected in accordance with the provisions of the laws then in force. Section 16. This act shall take effect immediately. The abovs Act received the signature of the Goyeruor and became a law of the State of California, on the 4th day of April, 1864. Danety. — The last accounts received from the mine state that the water in the shaft is falling at the rate of from four to five inches per day, aud thoir prospects are looking much better. Iris the “ Fulton” Foundry, at Virginia City, at /which castings of 6,000 pounds are readily made. The average aggregate weight of eastings made per day is between five and six tons. = Nova Scotia GrinpsroneEs are now largely super ceded by those obtyined jn Ohio, which for all the different varioties of grit, either for wet or dry grinding, aro pronounced équal, if net superiar, to the best English stono. Tus Ames Plow Company, with $400,000 capital, has been organized in Boston, to manufacture agricultural implements. ©. Ames, President ; i. Lasker, ‘Treasurer. 2

The Mining and Scientific Press, 243 the present prodnetion of gold, compared with Tormner periods, is cuormous ; and it wonld not be snrprising, if, in view of the explorations which are going on in Afrien, South America, and countries bordering upon the equator, within the next decade, the product should he a million of dollars daily. The price of guld has not diminished, although tho supply has tnereased seven-fold within fiftcen years. . —_-Ax Axctext Tix Trane or Brirary.—aAt a recent entertainment of the Southampton Polytecnie Institution. given at the Royal Victoria Rooms, Colonel Sir Ienry James delivered an interesting address on the Ancient Pheenician Tin ‘T'rade, of which the following is an abstract: Ie said it had been a matter of discussion fur many thousands of years, since the duys of lferodotus, as to the direction in which, nnd the place Irom whence, the ancients obtained their supply of tin. In the earliest aceonuts the Phoenicians were said to huve passed through the Pillars of Hercules, or the Straits of Gibralta, in order to searcii for the tiu islands, and it was nlso stated that the tin came froma place of six days’ navigation, A more detailed aecount was furnished by Diodorus, who, in giving a deseription of Britain, tells us that it is these people who raise the tin, which they cast into a certain form, and afterwards earry if to au island which has this peculiarity— that it is an island at high water, and. peninsula at low water ; then they may embark it, and take it to Ganl, after which they carry it 30 days on liorseback to the Mediterranenn. As there is no other place but Corwwall where the tiu is found, they know that is the spot to which all these observations refer. Transtators, however, had erred in describing the form in which the tin was cast as being in the sbape of cubes or dice. tin was dredzed up in Falmoath Uarbor @ model of which was exhihited,) flat ou one side and curved ou the other, with a portion cat out at cither end, thus forming four points. It had been described as a double canoe, a butcher's tray, and all sorts of descriptions had heen given to it: but it was proved that this block of tin was onc of theidentical blocks cast in the form descrihed. He had no hesitation in saying that St. Michacl’s Mount answered the description of Diodorus in every possible degree. At high water it was surrounded ; at low water there was 4 roadway across, on which a frieud had told him he had driven a c:ach and four, and to this ‘day the tiu obtnined from that island was brought across in carts for embarkation. When they came to put the facts together they would find, iu the discovery of this block of tin, a wonderful confirmation of the fact that this was the place relcrred to. Sir Henry referred to other facts, with a view of establishing the descriptions of the ancients, and at the conclusiou of his address he was loudly applauded. Styounar Expnosrox.—The Napa Reporter, of the 2d inst, had a letter from a workman at the artesian well heing bored at Calistoga Spriugs, Napa couuty, Cal., which gives the following account of a singular submarme explosion: From some cause or other the pumps got out of order, and the workmen poured some cold water down them tosec if it would make them work. When the cold water came in contact with the hot it caused an explosion, throwing a strenin of hot water several feet in the air—some say forty feet, and others much higher. One or two of the men were slightly scalded. Discouracixe rrom Inano.—Chase, a returned Boise miner, is not by any means sanguine ahout the chances in that inhospitable region. Ile says the mines in California aro much richer than those of Idwho—that in the latter eonntry they oceupy avery limited space and are pooratthat. It was estimated that 80,000 men in Idaho were out of employment, and everything exorbitantly high. The climate is cold and they have ice there in Aucust. It is nothing uucommon to have four or five feet of snow which lasts through the Winter—Awurora Times. Wasnor Coat ror Gas.—The Virginia Gas Company have made a test of some five hundred pounds of coal from El Dorado cafion and found it a very fair article for gas, though that at present obtained contained a rather largo per cent. of water—a trouhlesome pei cent. The company say that the coal will answer very well for the manufacture of gas but in order to use it some additional’ apparatus will be required for expelling the water from the coal before using it. The coal companies offer their coal at $30 per ton. THE Taunton Locomotive Company are building an exteusive improvement to their works. About 50 years ago a block ol — [ite-putatenea hy Requieeiey An Act Concerning Assessmsnts upon the Stoek of Corporations, Section 1. The Trustees of any corporation, formed under the general luws of this State, shall have power to levy and collect, for the purpose of paying the proper and legal expenses of sucht corporation, assessments npon the capital stoel thereol, in the manner and form and to the extent hereiuafter provided, and not otherwise. Section 2. No assessment shall exceed five per cent. of the capital stoek of the corporation, nnd none shall be levied while any portion of any previons assessment shall remain unpaid, or uncollected, except in cases where ull the powers of the corporatiou shall have been exercised iu accordance with the terms of this act, for the purpose of collecting such previous assessments, and except, also, the collection ol a previous assessment against one or more stockholders, restrained by injunction or otherwise ; in which case, further assessment may be levied aecordiug to this act. Section 3. No assessment shall be levicd exeept by order of the Lsoard of Trustees, concurred in by 2 majority of said Board, and entered upon the records ol the corporation. Section 4. Every order levying an assesment shall specily the amount thereof and the time when, the person or persons to whow, and the place ‘or places where, the same is payable. It shall nlso appoint a day for the advertisemeut of the delinquent list, which shall not be less than thirty nor moro than thirty-five days from the time of the making of such order; and a day for the salo of delinquent stock, which shall not be less than ten nor more than twenty days from the time appointed for the advertisement of the delinquent list. .». ; Section 5. Upou the making of such au order, the Secretary shall cause to be published immediately a notice thereof in the following form : * [Name in full.] [Location of works.] Notice is hereby given, that at a meeting of the Trustees of said Company, held on the [date] an assessmeut of {amount] per share was levied upon the capital stock of said Company, payable [wheu, to whom, and where, particularly]. Any stock upon which said assessment shall remain unpaid on the [day fixed] will be advertised on that day as delinquent and unless payment shall be made hefore, will be sold on the

[day appointed] to pay the delinquent assessment, together with costs of advertismg and expenses of the sale. [Signature of Seeretary, with particular location of cal Section 6. Said notice shall be pnblished once each week for four successive weeks, in a daily or weekly paper, published iu the pluce designated in the articles of incorporatiou as the principle place of business of the corporation, and also in some paper published iu the County in which the works of the corporation are situated, il a paper be published therein ; provided, that if the works of the corporation are not situated within some State or Territory of the United States, then publication in a paper of the County shall not be necessary; and provided, also, that if there is no paper regularly issued on Saturdays at any place where publication is required to be made, the notice may be published in every issue of the paper which is most frequently issued at such place, for the full period of four weeks; and provided, aiso, that there is no newspaper published at thnt place designated as the principal place of business of the corporntion, then the publication shall be made in the newspaper published nearest thereto ; and provided, also, that the notice specified in the 5th section of this act may he served by delivering a copy thereof, certified by the Secretary, to each ‘stockholder personally, and in case of such service upon all the stockholders of said corporation, then no notice by publication shall be necessary, aud such personal notice shall be deemed complete. Section 7. If any portion of the assessment mentioned in said notice shall remaiu unpaid ou the day specified for the publication of the notice of salo, the secretary shall, unless otherwise ordered by the Board of ‘'rustees, cause to be published ih the same paper's in which the notice provided for iu section 5 shall haye been published, a notice substantially in the following form : i “ [Name in full; location of works.] Nottce— There is delinquent upon the following described stock, on account of assessment levied on the aa {and assessments levied previous thereto, if any, tho several amounts set opposite the names of the respective shareholders, as follows: (Names, number of certificates, number of shares, amount.) And in accordance with law, and an order of the Board of Trustees, made on the [date,] if any such ordor shall have been made, so mauy shares of each parcel of said stock a3 may bo necessary will be sold at the’particular place, on the [dato,] at [the hom,] of said day, to pay said delinquent assessments thereon, together with costs of the advertising and expenses of the sule. [Name of the Secretary with location of ee " Section 8. Suid last named notice shall state every certificate of stock separately, wilh the, number of shares which it represents, ail the amount due thereou, except where certifieutes may not havo heen issued to parties entitled thereto, in which case the number of shares, and the amount due thereon, together with the fuet that tho certificates for such shares have not been issued, shall he stated, Section 9. Said notice, when published in a daily or weekly paper, or iu both, shall be published as follows ; When published in a daily paper, the samo shall be published Tor a period ol ten days, excluding Sundays and holidays, previous to the dny of sale: when published in a weekly paper, the same shall be published for two wecks previons to the day of sale, the first publteation in the weeltly heing at least fourteen days prior to the day of sale. Section 10. By the publieation of the said notices, as hereinbefore provided, the corporation shall acquire jurisdiction to sell aud convey a full, complete, and absolute title to ull of the stoek described in the notice of sale upon which any portion of the assessment or eosts of advertising shall remain unpaid at the hour appointed for the sale, but shall sell no more stock than is uecessary to pay assessments due, and costs of sale. Section 11. On the day and at the place, and as nearly as may be at the hour appointed in the notice of sale, the Secretary shall, unless otherwise ordered hy the Board of Trustees, sell, or caused to be sold at publie auction, to the highest bidder for cash, so many shares of each parcel of snid described stock as may be necessary to pay the assessment and charges thereon, according to the terms of said notice : provided, that if payment he made before the time fixed for sale, the party paying shull only be required to pay the added cost of advertising. Section 12. The person offering atsuch sale to pay assessment and costs for the smallest. number of shares, or fraction of a share, shall be deemed the highest bidder. 4 ; Section 13. The time fixed in any notice published according to the provisions, may be at once extended for a period of not more than ten days, by order of the Board of Trustees, duly made and entered ou the records of the corporation; but no order extending the time forthe performance of any act specified in any notice shall be effectual, unless notice of euch extensiou or postponement he appended to and published with the notice to which tho order relates, before the completion of the, regular course of publication thereof. . © Section 14. No assessment duly levied shall be rendered invalid by a failure to’ make proper publication of the notices hereinbefore provided for, nor by the non-performance of any act required to be performed in order to enforce the payment of the same ; but in, case of any substantial error. or omission in the course of proceedings for collection, all previous proceedings, except the levying of the assessment, shall be void, and publication shall be begun anew. Section 15. All acts and parts of acts inconsistent. with ths provisions of this act are ‘hereby repealed ; provided that such repeal shall not alfect proceedings commenced for the collection of assessments heretofore levied, but all such assessments may be collected in accordance with the provisions of the laws then in force. Section 16. This act shall take effect immediately. The abovs Act received the signature of the Goyeruor and became a law of the State of California, on the 4th day of April, 1864. Danety. — The last accounts received from the mine state that the water in the shaft is falling at the rate of from four to five inches per day, aud thoir prospects are looking much better. Iris the “ Fulton” Foundry, at Virginia City, at /which castings of 6,000 pounds are readily made. The average aggregate weight of eastings made per day is between five and six tons. = Nova Scotia GrinpsroneEs are now largely super ceded by those obtyined jn Ohio, which for all the different varioties of grit, either for wet or dry grinding, aro pronounced équal, if net superiar, to the best English stono. Tus Ames Plow Company, with $400,000 capital, has been organized in Boston, to manufacture agricultural implements. ©. Ames, President ; i. Lasker, ‘Treasurer. 2