Volume 12 (1866) (428 pages)

120 The Biining antl Scientific Breas, Mining wn Scientific Press, W. B. EWER,. Srumor Epiror. DEWHY & CO., Publishers. —— Orrice—No. 605 Clay street, cornet of Sansome, 2d floor, Terms of Subscription: One ovopy, per annum, In advanco, One copy, six months, In atlvanco, igg> For sale by Carriers and Newsdcalers. Gx -85 00 300 It ts Impossible for editors to Know avt tho merits ind demerits of their correspondence, consequently the reador must not recclve the opinions of our contributors As attr own. Iutelligent discussion Is invited upoh ali sides and the evidence of any crror which niay appcar will be ro coivodin friendship and treated with respoct. American nnd Forcien Patents,—Lctters Patent for Inventors can be secured in the United States and foreign countries through tho Minino anp Screntivic Press Parent AceNncy. Wo offer applicants reasonablo terms, aud they can rest assured of a strict nee with our oblig 5 and afaithful porformance ot all contracts. For reforence, we wiilfurnish tho naines of numorous parties for whom we have obtained patonts during the past two yoars. pei ¥avorable to Inventors.—Persons bolding new inveutions of machinery and Important Improvements, can have the same lilustrated and cxplained in the Mining ann Sciznririe Press, free of chargo, it in our judgment the discovery 1s one of rcal merit, and of sufficlent intercst to our readers to warrant publication. Payment tu Advance,---This paper wlll not be sent tosubscrlbers beyond the term paid for. The publishers well know that a good journal canuot be sustained on tho creditsystem. Mr. Wu. KR. Brndshaw, is our Special Gorrespondent and Traveling Agent, All favorsor assistance rendered him In his progress through tho country in behalf of our journal, will bo duly acknowledgod. San Francisco, Jan last, 1866. Mr. A. C. Knox, is our fuliy authorized Traveling Agent, and all subscriptions, or other favors extended to him, wili bo duly acknowledged at thls office. San Francisco, Jun 11th, 1866. Mr. I. N, Hudson, is authorized to soliclt subscriptlons, advertising, etc., for the Mining AND Scientiric PaEss, In San Francisco, and to recelpt tor the same. ne San Francisco: Saturday Morning, Feb. 24, 1866. Endorsement by the Miners’ State Convention. The following resolution was adopted by the Californla Minera’ Stata Convention, held at Sacramento, Jan. 17tb, 1866: Resolved, That we regard a mining paper or Journal of great Importance to the mining Interest of Califoraia, and werecommend the Mining anp Scientirio Press, ot San Francisco, to the considcration and support of the miuers of the Pacific coast. THE UNION COPPER MINE—RICH DEVELOPMENTS. We are permitted to make the following extract from a private letter received in this city a fow days since, from a gentleman who has just visited the Uaion mine, in Copperopolis : The prospects of the permaaency of this mino were never so great as at the present time. I was down ia tho mine last Friday, when I saw, in tho 500-foot level connected with the middle shaft, a vein of concentrated No. 1 ore, twenty-five feet in width, so far as explored (its full width not ies heing known). In following that deposit eighty feet upward, to the level above, the width is there found to he tweaty-eight feet. This will give ou some idea of the futuro of the Union mine. a the No. 3 shaft they have also found a veia of concentrated ore, at a depth of 400 feet, that keeps wideniag, as they drift upon it to the southward. It is my honest opiuion that they have only commenced finding the real depth of the deposit in tho Vaion miae. In order to arrive at some definite idea of the actual value of the immense deposit above spoken of, in the middle shaft, Iet the reader calculate the cuhie conteats of the mass, which is now known to he of the followiag dimeasions ;—Hight, 80 feet; width, 264 feet; leagth, 150 feet. ‘This will give us 3,180,000 feet; nine feet to the ton, aad $60—the known value of the ore per ton—gives us a cush value of over two millions of dollars front this single mass, above the present lower level! According to all human calculations, the half of it is not yet developed. And yet this is only the first class oro whieh will he taken from the middle shaft only! When we take into account the immense amount of reserved ore in that and the other shafts, and the further developments yet to he made—this must he confessed to he the most remarkable mine in the whole history of copper mining. Returnep.—John C. Fall, sq., a gentleman pretty well known throughout this State and Nevada, has recently returned to Hum. boldt well equipped for effeetive work for the development of several mines in that vicinity. The Register says that parties Kast have purehased his mill,and in connection with it several mining claims conveniently situated lor workjug; and have provided him the means to prosecute vigorously the work of opening the said claims, and bringing the bullion to the surface. We wish him and his co-workors the fuliest success in their uudertakiugs. ANEW BILL OONCERNING CORPORATION ASSESSMENTS. Tn the State Senate, on Wednesday of last week, the Hon. Heury Rohinson, of Alameda, introdueed the following Bill, which was referred to the Committee on Corporations aad ordered printed : AN AUT CONCERNING ASSESSMENTS UPON THE STOCK OF CORPORATIONS. The People of the State of California, represented in Senate and Assembly, do enact as Jollows ; Sscrioy 1, The Trustees of aay eorporation, formed under the general laws of this State, shall have power to levy aud collect, for the purpose of paying the proper and legal expenses of sueh corporation, assessments upon the capital stock thereof, in the manner and form, and to the extent hereinafter provided,and not otherwise. Ssc. 2. No one assessment shall exceed five per cent. of the stated amount of the eapital stock of the corporation, named in the articles of incorporation, and none shall be levied while any portion of any previous assessment shall remain unpaid, or uncollected, except in cases where all the powers of the corporation shall have heeu ex ercised in aeeordance with the terms of this aet, for the purpose of eollectiag such previous assessment, and except, also, the eollection of a previous assessment against one or more stockholders, restrained by injunction or otherwise ; in which ease, further assessment may he levied and collected according to this act. Src. 3. No assessment shall he levied except by order of the Board of Trustees, concurred in by a majority of said Board, and entered npon the records of the corporation. Seo. 4. Every order levying an assessment shall specify the amount thereof and the time when the person or persons to whom aad the place or places where the same is payahle. It shall also appoint a day suhsequeut to the full term of publication of the assessment notice on which the stock upou which assessments reinain unpaid shali he deemed delinquent, which said day shall not be less thau thirty, aor more than sixty days, from the time of the making of the said order levying the assessment, and a day for tbe sale of delinquent stock, which shall not he less than fifteen, nor more than sixty days lrom the time appointed for declaring said stock delinquent. Sec. 5. Upoa the making ol such an order, the Secretary shall cause to he published iminediately a notice thereof in the followiug form : “ {Name in full.] [Location of works.] Notice is hereby given that at a meeting of the Trustees of said Company, held on tho [date], aa assessment of [amount per share was levied upon the capital stock ot said Company, payable [when, to whom, and where, particularly}. Any stock upon which said assessment shali remain unpaid on the [day fixed] sball be deemed delinquent, aud will he duly advertised for sale at public auction, and unless payment shall he made belore, will be sold on the [day appoiated], to pay the delinquent assessment, together with costs of advertising and expenses of the sale. ([Siguature of the Secretary, with particular location of office.]” Ssc. 6. Said notice shall be publisbed once each week for four successive weeks in some daily or weekly paper published at the piace designated ia the articles of corporation as the. priacipal place of business of the corporation, and also ia some paper published in the county in which the works of the corporation are situated, ifs paper be published thereiu ; provided, that il the works of the corporation are not situated within some State or ‘Territory of the United States, then publication in a paper ol the County shall act he necessary; provided, «also, that if there is po newspaper published at the place designated as the principal place of business of the corporation, then the publication shall he made in the newspaper published nearest thereto ; and provided, also, that the notice specified in the Sth section of this act may he served by delivering a copy thereof, certified by the Secretary, to each stockholder persoually, and in case of such service upon all the stockholders ol’ said corporatiou, theu no notice by publication shall be uecessary, and such persoaal notice shall he deemed complete. Sec. 7. If any portiou of the assessment mentioued iu said notiee shall remain unpaid ou tne day specified therein for declariag the stock delinquent, the sccretary shall, unless otherwise ordered by the Board ol ‘Trustees, cause to be published in the saine papers iu which the notice provided for in Sec. 5 shall have heen published, a uotice substantially in the following form : @ ane iu full. Location of works.] Notice. —There is delinquent upou the followiag described stock, on accouut of assessment levied on the [date,] {and assessmeuts levied previous thereto, if any,. the several amounts set opposite the names of the respectivo shareholders, as follows: [Names, number of certificate, number of shares, amount.]. And iu aeeordance with law, [and an order of the Board of ‘Trustees, made on the [date,] if any such order shall have heen made,] so many shares of each parcel ol said stock as may be necessary, will be sold at the [particular place,] ou the [date] at [the hour] ol said day, to pay said delinquent assessments thereoa, together with eosts of advertisiug and expenses of thesale. [Name of Secretary, with particular location of office.] Ssc. 8. Said last named notice sball state every certificate of stoek with the auinher of shares whieh it represents, and the amount due thereon, separately, exeept where certifieates may not have been issued to parties entitled thereto, in whieh case the number ol shares and amount due thereon, together with the lact that the ecertifieates for such shares have not been issued shall be stated. Sec. 9. Said notice, when published in a daily or weekly paper. or iu hoth, shall he published as follows: When published in a duily paper, the same shall be published for a period of ten days, cxeluding Sundays and holidays, previous to the day of sale. When publisbed in a weekly paper, the same shall he published for two weeks previous to the day of sale. The first. publication of all delinquent sales shall be at least fifteen days prior to the day of salo. Src. 10. By the publieation of the said notices, as hereinbefore provided, the corporation shall acquire jurisdiction to sell and eonvey a full, complete, perfect, und absolute title to all of the stock deseribed in the notice of sale upon whieh any portion of the assessment or costs of advertising shall remain unpaid at the hour appointed for the sale, but shall sell no more of such stock than is necessary to pay the asscssments due and cost of sale. Sec. 11. On the day and at tho place, and as nearly as may he at the hour appointed in the notice of sale, thle Secretary. who is herely fully empowered and authorized, shall, unless otherwise ordered by the Board of ‘Trustees, sell, or cause to be sold at public auction, to the highest bidder for cash, so many shares of each parcel of said described stock as may be necessary to pay ihe assessment and charges thereoa, according to the terms of said notice of sale; provided, that if payment be made before the time fixed for sale, the party paying shnll only be required to pay the actual cost of advertising. Sro. 12. The person offering at such sale to pay the assessment and costs for the smallest aumber of shares, or fraction of a share, shall be deemed the highest bidder. Src. 13. If, at the sale of any stock under the foregoing provisions of this Act, no hidder shall offer to take and purchase the saaie for tle amount of the assessments, aad costs and charges then due upon the same, then and in such case the sume may be purchased and bid in by the company or corporation, through the Secretary or President, or any Director or Trustce thereof, at a sum equal to the amount ol the assessments, costs, and charges due upon thesame; and in pnrsuaace and by virtue ot such purchase, the said assessments, costs and charges, shall he credited, as satisfied and paid in full, on the books of such corporation, and entry of the transfer of such stock to such corporation, in pursuance of such sale and purchase, shall be made on the hooks of said corporation. While sucb stock shall remain the property of such corporation, the same shali not he assessable, nor shall any dividends be declared upon the same; but all assessments and dividends shall beapportioned upon and against the other stock of such company aot owned by such corporation. All purchases of its own stock made by any corporation, in accordance with the provisions of this section, shall be held valid, and as vesting the legal title to the same in said corporation, and the stock shall be held subject to the control of the remaining stockholders, who m y muke such disposition of the same as they may deem fit, in accordance with the by-laws of the corporation, or vote ol a majority ol the remaining shares. Whenever any portion of the capital stock of any corporation is held by the suid corporation by purchase, a avajority of the remaining shares of stock in said corporation shall be held to be a majority of the shares of the stock in said iagorporated company, for all purposes of election, or voting on any question before a stockholders’ meeting, Suc. 14. The time fixed in any notice of assessments, or notice ol’ delinquent sale, puhlished according to the provisions of this Act, may be once extended for a period of not more thun thirty days, by order of the Board of Trustees, duly made and entered ou the records of the corporatioa ; hut no order extending the time for the performauce ol any act specified in any notice shall he effectual, ualess notice of such extension or postponemeut be appended to and puhlisned with the notice to which the oider relates. Src. 15. No assessment duly levied shall be readered invalid hy a failure to make proper puhlication of the notices hereinhefore provided . for, nor by the nou-performance of any act! required to be performed in order to enforce® the payment of the same; butin case of any substantial error or omissionin the eourse of proceediags for collection, all previous proeeedings, except the levying of the assessment, shall he void and publication shall he hegon anew. Sec. 16, No suit shall be maintained to recover stock sold for delinquent assessments or to invalidate any sueh sale on the gronnd of irregularity orin taking the assessment, or delects or irregularity in the sale or uotiee of it, “ ualess the party seeking to maintain such action shall first pay or tender fo the corporotion or party iholding such stock so sold, the sum for which the same was sold, together with all subsequent assessinents which may have been paid tbereon, aud iuterest Irom the time they were paid ; and no sneh aetion shall be sustained unless the same shall he eommenced by the filing ol a complaint and the Issuance of a sununons thereon within six months after such sale shall have been made. Src. 17. “An Act Coneerning Assessmen's upon Stoek of Corporations,” approved April] 4th, 1864, and all Acts and parts of Acts, inconsistent with the provisions of this Aet, are hereby repealed ; provided, that sueh repeal shall not affect proceediugs eommeneed for the collection of assessments heretofore levied, but all sueh assessments may he colleeted in accordance with the provisious of the laws then in force. Src. 18. This Act shall take effeet immediately. Eastern Capirat ror THE Mrnrs.—We uaderstand that dispatches have heen received stating that General Rosecrans is now on lris way back to this city, with capital for developing certain miacs in which he is interested, in Lower California and elsewhere. Tho General will also take an activo part ia tho initiatory preparations for starting the work at the western terminus of the Southern Pacific Railroad. It is understood that a largo nomber of prominent capitalists are engared in this enterprise, aad that all tho aid required for its constructioa can bo easily obtained. The General, in both these eaterprises, represents numerous heavy capitalists aad prominent individuals at the East. ‘We would also state, ia this coanection, that Capt. Winder, formerly in command at Black Point, near this city, and who arrived here per steamer two weeks since, has gone down the coast to take charge of a mine located at a point in Lower California, about forty miles south of tho California State liae, and somo cight miles from the soacoast. The Captaiu, during his visit to the East, negotiated a sale of theso mines, in which both himself and Gen. Rosecrans are interested, to a Philadelphia company, composed of some of tho heaviest capitalists in western Penasylvania. Capt. Winder goes down to superiniend the work at the miaes for this company. We are pleased to learn that during his abseace at the East, some very rich and important developments were made at tho mincs, which have greatly iacreased their value aad importanco. CorREsPonDENCH.—We have received, in addition to correspondence already noticed, and not published, tho following communications :—‘ Electricity the Cause of Earthquakes ;” “The Mammoth Miaing District” of Nye Co., Nevada; A Letter from Aurora hy “* ** *.” A Letter from our Regular Correspondent, dated Amador, Feb. 1; “Blue Lead,” from Nevada City, and another letter from ‘“M,” of Brown’s Valley. Qurrn Emua, of the Sandwich Islands, now on a visit to Hagland is said to he suffering in bodily health from the severe tax imposed upon her hy the Eaglish public in almost compelling her to travel from place to place to satisly the natural curiosity to see her. Her wedical advisers have heen compelled to positively forbid her aoy further appearaace in public uutil she has had time to recuperate. Cneap TrLecraru.—Since the opposition telegraph line betweea San Francisco and Virgiaia has gone into operatiou, telegraphic ratis have heen reduced to filty ceots for ten words, Postponenents.— We would again call the atteation ol Secretaries to a certain point of the mining law, too commonly overlooked, viz : Tbe requirement that all postponements must be added previous to the expiration ol’ the regular publication of assessment or sale notices. Importnnt to Calitorninus.—Many inventors have iately had their claims tor Patents scrionsly (and lu some cases fatally)delayed by the unqualtification of agents who have not compred wich the Government license and revenne laws, as well as other now and imperative regulations, These discrepancies, although arising trom the nexperloncs of honest ngents, are nonce the less dangoroua to applicants for patents,. whose safest course is to trust thoir buslicss with nono but active and experienced solicitors, Tax MixING AND ScleNTIFIC Pruss Patent Acuxor has strictly complicd with the requisitions of the Departnent, aud properly filed all nesessary payers as Claum Agents.

120 The Biining antl Scientific Breas, Mining wn Scientific Press, W. B. EWER,.. Srumor Epiror. DEWHY & CO., Publishers. —— Orrice—No. 605 Clay street, cornet of Sansome, 2d floor, Terms of Subscription: One ovopy, per annum, In advanco, One copy, six months, In atlvanco, igg> For sale by Carriers and Newsdcalers. Gx -85 00 300 It ts Impossible for editors to Know avt tho merits ind demerits of their correspondence, consequently the reador must not recclve the opinions of our contributors As attr own. Iutelligent discussion Is invited upoh ali sides and the evidence of any crror which niay appcar will be ro coivodin friendship and treated with respoct. American nnd Forcien Patents,—Lctters Patent for Inventors can be secured in the United States and foreign countries through tho Minino anp Screntivic Press Parent AceNncy. Wo offer applicants reasonablo terms, aud they can rest assured of a strict nee with our oblig 5 and afaithful porformance ot all contracts. For reforence, we wiilfurnish tho naines of numorous parties for whom we have obtained patonts during the past two yoars. pei ¥avorable to Inventors.—Persons bolding new inveutions of machinery and Important Improvements, can have the same lilustrated and cxplained in the Mining ann Sciznririe Press, free of chargo, it in our judgment the discovery 1s one of rcal merit, and of sufficlent intercst to our readers to warrant publication. Payment tu Advance,---This paper wlll not be sent tosubscrlbers beyond the term paid for. The publishers well know that a good journal canuot be sustained on tho creditsystem. Mr. Wu. KR. Brndshaw, is our Special Gorrespondent and Traveling Agent, All favorsor assistance rendered him In his progress through tho country in behalf of our journal, will bo duly acknowledgod. San Francisco, Jan last, 1866. Mr. A. C. Knox, is our fuliy authorized Traveling Agent, and all subscriptions, or other favors extended to him, wili bo duly acknowledged at thls office. San Francisco, Jun 11th, 1866. Mr. I. N, Hudson, is authorized to soliclt subscriptlons, advertising, etc., for the Mining AND Scientiric PaEss, In San Francisco, and to recelpt tor the same. ne San Francisco: Saturday Morning, Feb. 24, 1866. Endorsement by the Miners’ State Convention. The following resolution was adopted by the Californla Minera’ Stata Convention, held at Sacramento, Jan. 17tb, 1866: Resolved, That we regard a mining paper or Journal of great Importance to the mining Interest of Califoraia, and werecommend the Mining anp Scientirio Press, ot San Francisco, to the considcration and support of the miuers of the Pacific coast. THE UNION COPPER MINE—RICH DEVELOPMENTS. We are permitted to make the following extract from a private letter received in this city a fow days since, from a gentleman who has just visited the Uaion mine, in Copperopolis : The prospects of the permaaency of this mino were never so great as at the present time. I was down ia tho mine last Friday, when I saw, in tho 500-foot level connected with the middle shaft, a vein of concentrated No. 1 ore, twenty-five feet in width, so far as explored (its full width not ies heing known). In following that deposit eighty feet upward, to the level above, the width is there found to he tweaty-eight feet. This will give ou some idea of the futuro of the Union mine. a the No. 3 shaft they have also found a veia of concentrated ore, at a depth of 400 feet, that keeps wideniag, as they drift upon it to the southward. It is my honest opiuion that they have only commenced finding the real depth of the deposit in tho Vaion miae. In order to arrive at some definite idea of the actual value of the immense deposit above spoken of, in the middle shaft, Iet the reader calculate the cuhie conteats of the mass, which is now known to he of the followiag dimeasions ;—Hight, 80 feet; width, 264 feet; leagth, 150 feet. ‘This will give us 3,180,000 feet; nine feet to the ton, aad $60—the known value of the ore per ton—gives us a cush value of over two millions of dollars front this single mass, above the present lower level! According to all human calculations, the half of it is not yet developed. And yet this is only the first class oro whieh will he taken from the middle shaft only! When we take into account the immense amount of reserved ore in that and the other shafts, and the further developments yet to he made—this must he confessed to he the most remarkable mine in the whole history of copper mining. Returnep.—John C. Fall, sq., a gentleman pretty well known throughout this State and Nevada, has recently returned to Hum. boldt well equipped for effeetive work for the development of several mines in that vicinity. The Register says that parties Kast have purehased his mill,and in connection with it several mining claims conveniently situated lor workjug; and have provided him the means to prosecute vigorously the work of opening the said claims, and bringing the bullion to the surface. We wish him and his co-workors the fuliest success in their uudertakiugs. ANEW BILL OONCERNING CORPORATION ASSESSMENTS. Tn the State Senate, on Wednesday of last week, the Hon. Heury Rohinson, of Alameda, introdueed the following Bill, which was referred to the Committee on Corporations aad ordered printed : AN AUT CONCERNING ASSESSMENTS UPON THE STOCK OF CORPORATIONS. The People of the State of California, represented in Senate and Assembly, do enact as Jollows ; Sscrioy 1, The Trustees of aay eorporation, formed under the general laws of this State, shall have power to levy aud collect, for the purpose of paying the proper and legal expenses of sueh corporation, assessments upon the capital stock thereof, in the manner and form, and to the extent hereinafter provided,and not otherwise. Ssc. 2. No one assessment shall exceed five per cent. of the stated amount of the eapital stock of the corporation, named in the articles of incorporation, and none shall be levied while any portion of any previous assessment shall remain unpaid, or uncollected, except in cases where all the powers of the corporation shall have heeu ex ercised in aeeordance with the terms of this aet, for the purpose of eollectiag such previous assessment, and except, also, the eollection of a previous assessment against one or more stockholders, restrained by injunction or otherwise ; in which ease, further assessment may he levied and collected according to this act. Src. 3. No assessment shall he levied except by order of the Board of Trustees, concurred in by a majority of said Board, and entered npon the records of the corporation. Seo. 4. Every order levying an assessment shall specify the amount thereof and the time when the person or persons to whom aad the place or places where the same is payahle. It shall also appoint a day suhsequeut to the full term of publication of the assessment notice on which the stock upou which assessments reinain unpaid shali he deemed delinquent, which said day shall not be less thau thirty, aor more than sixty days, from the time of the making of the said order levying the assessment, and a day for tbe sale of delinquent stock, which shall not he less than fifteen, nor more than sixty days lrom the time appointed for declaring said stock delinquent. Sec. 5. Upoa the making ol such an order, the Secretary shall cause to he published iminediately a notice thereof in the followiug form : “ {Name in full.] [Location of works.] Notice is hereby given that at a meeting of the Trustees of said Company, held on tho [date], aa assessment of [amount per share was levied upon the capital stock ot said Company, payable [when, to whom, and where, particularly}. Any stock upon which said assessment shali remain unpaid on the [day fixed] sball be deemed delinquent, aud will he duly advertised for sale at public auction, and unless payment shall he made belore, will be sold on the [day appoiated], to pay the delinquent assessment, together with costs of advertising and expenses of the sale. ([Siguature of the Secretary, with particular location of office.]” Ssc. 6. Said notice shall be publisbed once each week for four successive weeks in some daily or weekly paper published at the piace designated ia the articles of corporation as the. priacipal place of business of the corporation, and also ia some paper published in the county in which the works of the corporation are situated, ifs paper be published thereiu ; provided, that il the works of the corporation are not situated within some State or ‘Territory of the United States, then publication in a paper ol the County shall act he necessary; provided, «also, that if there is po newspaper published at the place designated as the principal place of business of the corporation, then the publication shall he made in the newspaper published nearest thereto ; and provided, also, that the notice specified in the Sth section of this act may he served by delivering a copy thereof, certified by the Secretary, to each stockholder persoually, and in case of such service upon all the stockholders ol’ said corporatiou, theu no notice by publication shall be uecessary, and such persoaal notice shall he deemed complete. Sec. 7. If any portiou of the assessment mentioued iu said notiee shall remain unpaid ou tne day specified therein for declariag the stock delinquent, the sccretary shall, unless otherwise ordered by the Board ol ‘Trustees, cause to be published in the saine papers iu which the notice provided for in Sec. 5 shall have heen published, a uotice substantially in the following form : @ ane iu full. Location of works.] Notice. —There is delinquent upou the followiag described stock, on accouut of assessment levied on the [date,] {and assessmeuts levied previous thereto, if any,. the several amounts set opposite the names of the respectivo shareholders,

as follows: [Names, number of certificate, number of shares, amount.]. And iu aeeordance with law, [and an order of the Board of ‘Trustees, made on the [date,] if any such order shall have heen made,] so many shares of each parcel ol said stock as may be necessary, will be sold at the [particular place,] ou the [date] at [the hour] ol said day, to pay said delinquent assessments thereoa, together with eosts of advertisiug and expenses of thesale. [Name of Secretary, with particular location of office.] Ssc. 8. Said last named notice sball state every certificate of stoek with the auinher of shares whieh it represents, and the amount due thereon, separately, exeept where certifieates may not have been issued to parties entitled thereto, in whieh case the number ol shares and amount due thereon, together with the lact that the ecertifieates for such shares have not been issued shall be stated. Sec. 9. Said notice, when published in a daily or weekly paper. or iu hoth, shall he published as follows: When published in a duily paper, the same shall be published for a period of ten days, cxeluding Sundays and holidays, previous to the day of sale. When publisbed in a weekly paper, the same shall he published for two weeks previous to the day of sale. The first. publication of all delinquent sales shall be at least fifteen days prior to the day of salo. Src. 10. By the publieation of the said notices, as hereinbefore provided, the corporation shall acquire jurisdiction to sell and eonvey a full, complete, perfect, und absolute title to all of the stock deseribed in the notice of sale upon whieh any portion of the assessment or costs of advertising shall remain unpaid at the hour appointed for the sale, but shall sell no more of such stock than is necessary to pay the asscssments due and cost of sale. Sec. 11. On the day and at tho place, and as nearly as may he at the hour appointed in the notice of sale, thle Secretary. who is herely fully empowered and authorized, shall, unless otherwise ordered by the Board of ‘Trustees, sell, or cause to be sold at public auction, to the highest bidder for cash, so many shares of each parcel of said described stock as may be necessary to pay ihe assessment and charges thereoa, according to the terms of said notice of sale; provided, that if payment be made before the time fixed for sale, the party paying shnll only be required to pay the actual cost of advertising. Sro. 12. The person offering at such sale to pay the assessment and costs for the smallest aumber of shares, or fraction of a share, shall be deemed the highest bidder. Src. 13. If, at the sale of any stock under the foregoing provisions of this Act, no hidder shall offer to take and purchase the saaie for tle amount of the assessments, aad costs and charges then due upon the same, then and in such case the sume may be purchased and bid in by the company or corporation, through the Secretary or President, or any Director or Trustce thereof, at a sum equal to the amount ol the assessments, costs, and charges due upon thesame; and in pnrsuaace and by virtue ot such purchase, the said assessments, costs and charges, shall he credited, as satisfied and paid in full, on the books of such corporation, and entry of the transfer of such stock to such corporation, in pursuance of such sale and purchase, shall be made on the hooks of said corporation. While sucb stock shall remain the property of such corporation, the same shali not he assessable, nor shall any dividends be declared upon the same; but all assessments and dividends shall beapportioned upon and against the other stock of such company aot owned by such corporation. All purchases of its own stock made by any corporation, in accordance with the provisions of this section, shall be held valid, and as vesting the legal title to the same in said corporation, and the stock shall be held subject to the control of the remaining stockholders, who m y muke such disposition of the same as they may deem fit, in accordance with the by-laws of the corporation, or vote ol a majority ol the remaining shares. Whenever any portion of the capital stock of any corporation is held by the suid corporation by purchase, a avajority of the remaining shares of stock in said corporation shall be held to be a majority of the shares of the stock in said iagorporated company, for all purposes of election, or voting on any question before a stockholders’ meeting, Suc. 14. The time fixed in any notice of assessments, or notice ol’ delinquent sale, puhlished according to the provisions of this Act, may be once extended for a period of not more thun thirty days, by order of the Board of Trustees, duly made and entered ou the records of the corporatioa ; hut no order extending the time for the performauce ol any act specified in any notice shall he effectual, ualess notice of such extension or postponemeut be appended to and puhlisned with the notice to which the oider relates. Src. 15. No assessment duly levied shall be readered invalid hy a failure to make proper puhlication of the notices hereinhefore provided . for, nor by the nou-performance of any act! required to be performed in order to enforce® the payment of the same; butin case of any substantial error or omissionin the eourse of proceediags for collection, all previous proeeedings, except the levying of the assessment, shall he void and publication shall he hegon anew. Sec. 16, No suit shall be maintained to recover stock sold for delinquent assessments or to invalidate any sueh sale on the gronnd of irregularity orin taking the assessment, or delects or irregularity in the sale or uotiee of it, “ ualess the party seeking to maintain such action shall first pay or tender fo the corporotion or party iholding such stock so sold, the sum for which the same was sold, together with all subsequent assessinents which may have been paid tbereon, aud iuterest Irom the time they were paid ; and no sneh aetion shall be sustained unless the same shall he eommenced by the filing ol a complaint and the Issuance of a sununons thereon within six months after such sale shall have been made. Src. 17. “An Act Coneerning Assessmen's upon Stoek of Corporations,” approved April] 4th, 1864, and all Acts and parts of Acts, inconsistent with the provisions of this Aet, are hereby repealed ; provided, that sueh repeal shall not affect proceediugs eommeneed for the collection of assessments heretofore levied, but all sueh assessments may he colleeted in accordance with the provisious of the laws then in force. Src. 18. This Act shall take effeet immediately. Eastern Capirat ror THE Mrnrs.—We uaderstand that dispatches have heen received stating that General Rosecrans is now on lris way back to this city, with capital for developing certain miacs in which he is interested, in Lower California and elsewhere. Tho General will also take an activo part ia tho initiatory preparations for starting the work at the western terminus of the Southern Pacific Railroad. It is understood that a largo nomber of prominent capitalists are engared in this enterprise, aad that all tho aid required for its constructioa can bo easily obtained. The General, in both these eaterprises, represents numerous heavy capitalists aad prominent individuals at the East. ‘We would also state, ia this coanection, that Capt. Winder, formerly in command at Black Point, near this city, and who arrived here per steamer two weeks since, has gone down the coast to take charge of a mine located at a point in Lower California, about forty miles south of tho California State liae, and somo cight miles from the soacoast. The Captaiu, during his visit to the East, negotiated a sale of theso mines, in which both himself and Gen. Rosecrans are interested, to a Philadelphia company, composed of some of tho heaviest capitalists in western Penasylvania. Capt. Winder goes down to superiniend the work at the miaes for this company. We are pleased to learn that during his abseace at the East, some very rich and important developments were made at tho mincs, which have greatly iacreased their value aad importanco. CorREsPonDENCH.—We have received, in addition to correspondence already noticed, and not published, tho following communications :—‘ Electricity the Cause of Earthquakes ;” “The Mammoth Miaing District” of Nye Co., Nevada; A Letter from Aurora hy “* ** *.” A Letter from our Regular Correspondent, dated Amador, Feb. 1; “Blue Lead,” from Nevada City, and another letter from ‘“M,” of Brown’s Valley. Qurrn Emua, of the Sandwich Islands, now on a visit to Hagland is said to he suffering in bodily health from the severe tax imposed upon her hy the Eaglish public in almost compelling her to travel from place to place to satisly the natural curiosity to see her. Her wedical advisers have heen compelled to positively forbid her aoy further appearaace in public uutil she has had time to recuperate. Cneap TrLecraru.—Since the opposition telegraph line betweea San Francisco and Virgiaia has gone into operatiou, telegraphic ratis have heen reduced to filty ceots for ten words, Postponenents.— We would again call the atteation ol Secretaries to a certain point of the mining law, too commonly overlooked, viz : Tbe requirement that all postponements must be added previous to the expiration ol’ the regular publication of assessment or sale notices. Importnnt to Calitorninus.—Many inventors have iately had their claims tor Patents scrionsly (and lu some cases fatally)delayed by the unqualtification of agents who have not compred wich the Government license and revenne laws, as well as other now and imperative regulations, These discrepancies, although arising trom the nexperloncs of honest ngents, are nonce the less dangoroua to applicants for patents,. whose safest course is to trust thoir buslicss with nono but active and experienced solicitors, Tax MixING AND ScleNTIFIC Pruss Patent Acuxor has strictly complicd with the requisitions of the Departnent, aud properly filed all nesessary payers as Claum Agents.