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The Gloucestershire Coal ,- Mining Company ( Limited ) .- — We take the liberty , unasked , of alluding here to the prospectus of the Gloucestershire Goal Mining Company which appears in another part of our impression . The remarkable . detached coal-field of the Forest of Dean is now known as supplying house coal of good quality to Herefordshire and Gloucestershire , the district between the Wye and Severn , and , in fact , to all the country within compass of the broad-gauge lines . But its general opening and recognition as a coal-field are yet so comparatively recent that the public are quite prepared to learn that mineral . operations within ils borders have been by no means regarded by private capitalists as reducible to such a . certainty as those
in the older fields of Durham , Northumberland , Lancaehire , Staffordshire , or South Wales . A mineral district is not created in a day . A mining . population is not to be extemporised . Engine works , foundries , powder works , manufactories , in short , connected with every branch of industry necessary 'to successful mining , are not found ready to the hands of those who break ground in new fields , and when they do locate themselves , their numbers are so few at first that , for want of comr . etition , the prices they are at liberty to demand are so many checks upon industry . Credit , again , except in specially mineral districts , is sparingly given to the mineral speculator . And the cautious country tradesman cannot ~ be wondered at who declines , as he says , "to bury his
the district commissaries of as large a quantity as possible of copper money , in order to operate an exchange at par with the old pieces of five centimes . The United Statks Mint . — According to the report of the directors , the entire amount of bullion in all the several monetary " establishments during the year was : —Gold , 51 , 494 , 311 dols . 29 c ; silver ,. 9 , 199 , 954 dols . 670 . ; total , 60 , 694 , 265 dols . 96 c . The coinage operations during the same period were as follo « -s : — Gold , 52 , 889 , 800 dols . 29 c . ; silver , 8 , 233 , 2 S 7 dols . 77 c . ; cents , 24 J , 000 dols . ; total , 61 , 357 , 088 dols . 06 c . The amount of gold of domestic production deposited during the vear was 40 , 977 , 168 dols . 55 c , derived as follows : —
From California , 40 , 591 , 140 dols . S 8 c . ; from Oregon , 9181 dols . ; and from the Atlantic States , 376 , 846 dols . 67 c . The gold from Fraser ' s River is found to be considerably alloyed with silver , more so than the average of Californian gold ; its value is 17 dols . 50 c . per ounce after melting . The gold from Platte Kiver is equal to 19 dols . 92 c . per ounce . Some Chinese stamped ingots of gold received at the Mint were valued at 19 dols . 97 c . per ounce troy . The production of silver from the mines of Lake Superior increases from year to year , but usually with the disadvantage of a large alloy of copper . The Director of the Mint concludes his
reof circumcising a son of the Viceroy , 200 , 000 fr . worth of fireworks was ordered of a Frenchman . There is no extravagance in this , if we compare it with the seven millions which the Sultan has expended in building and fitting up a theatre at Constantinople . Tun Bank of Austiua . —The advices from Vienna give the details of the new financial arrangements between the Government and the Bank . The State o \ ve 3 to the Bank 15 , 000 , 000 / ., and this debt is to be
discharged by hauding over to that establishment 3 , 000 , OOOJ . due by the Southern Railroad to the Government , 2 , 000 , 000 / . in bonds which arise from estates belonging to the Government , and 10 , 000 , 000 / . by the mortgage of estates held by the Crown . Against the latter the Bank are to be allowed to issue 10 , 000 , 000 / of 1 guilder notes , convertible into silver , to pay oil" notes of 1 , 5 , and 10 guilders which ure still in circulation . The measure is stated to have produced a good effect on the Vienna Exchange .
port with an interesting table , showing the relative fineness and . value of the precious metals of various nations . Mediterranean Telegraph . —1 utelligence has been received by the Mediterranean Extension Telegj-aph Company , announcing that their superintendent at Malta had proceeded to Cagliari , and after testing the line at that place had given his opinion that the existing fracture is about midway , lit order to facilitate the repair of the cable the company proposes to make use of the Elba , a vessel lately employed by the Turkish Government for telegraphic operations in the Archipelago , and now hourly expected at Malta .
Cotton at Natai ..- —Government are taking active steps for encouraging the cultivation of cotton by the natives . At the experimental native village , iii Mr ; Fyim ' s magistracy , about fifty acres will be sown before November ; and at intervals along the line of country between the Umhlatnzan and the Umkomas , patches of cotton cultivation , it is expected , will appear within the same period . In like manner , it is intended to induce natives in other suitable localities to commence . this species of industry ^ The assistance arid eo-operation of the missionaries are confidently anticipated , and will be very valuable . Mr . Payne , who recently arrived with seed and other appliances for this enterprise , is busily engaged on Mr . Thompson ' s estate , Clairmont , and intends to commence operations on other estates shortly . The principal landowners in this neighbourhood have offered him liberal facilities for his experimental cotton cultivation on their lands . We will desiderate an
experiment on an adequate scale , on the middle and upland districts . So far as it has been tried , we believe the c o tton plant thrives admirably at Ekukanyeni , the church mission station , near Maritzburg ; and the opinion of the most competent judges 13 in favour of inland cotton cultivation . —Port Elizabeth Mercury , Nov . 13 th . The Iron Trade . —r-The preliminary meeting of the ironmasters of the district was held at the hotel , Dudley , on Thursday , Philip Williams , Esq ., in the chair . The attendance was numerous , and a resolution proposed to the effect that present , prices of bara ( 8 / . per ton , and other descriptions of finished iron in proportion ) should be re-confirmed , was unanimously adopted .
Trdst and Loan Company op U > jpkr Canada . — Yesterday an extraordinary general meeting of shareholders was hold at the offices in Morgnto-street , for the purpose of authorising the directors to exercise the borrowing powers of the company in accordance with the 10 th clause of the Canadian Act of Parliament passed in 1858 , A resolution , enabling the directors to increase their borrowing powers to the extent of 875 , 000 / ., was put and carried , and a vote of thanks passed to the chairman . The Rival Railways . —As a consequoncp of the contest which has nrisen between the Brighton and
London and South-Weatem Railway Companies , the latter have issued a notice in which they stnto that " the London and Brighton Railway Company having intimated their intention to obstruct , the South-Western Company in the use of the railway between Havant and Portsmouth , and as it is possible they ma } ' curry that intention into effect for a time , the public arc respectfully informed that the Now Portsmouth Railway will bo opened , on Saturday next , tho 1 st of January , as already advertised , but as between London and Ilavant only . ' . ' Passengers for Portsmouth are to perform tho remainder of their journey by omnibus .
Mussulman Exthavaganok . — Intelligence from Alexandria says : —" Tho conditions imposed by tho English company for tho loan which the Viceroy wished to contract are so unfavourable that , in spite of tho urgent necessities of tho UgypMfln , treasury , it has been decided not to accept thorn , and tho affair is consequently at un oncl . Scarcity of money , however , is not in tho East , whether on the banks of the Nile or on tho shores of tho Uosphorua , any reason for supposing useless oxpondlturo . At this vary mojnont they are building 1 on tho banks of tho Nile , near Cairo * a magnificent palace at an . iinmonao cost . For tho rejoicings on the occasion
money underground , " to alter the system of his dealings , and foster what he considers a lunatic attempt to get gold from the earth . The county of Cornwall , with Winch , we are acquainted , is a peculiar instance of a district tinged throughout with mineral enterprise . Every soul in the county , from the Lord-Lieutenant to the peasant child , is at home in such matters , and could interpret" the recondite pages of the Mining Journal to a Cockney without faltering . But this is the ripening of seed sown by Jews and Phoenicians in remote age 3 , while the Forest of Dean now struggling for a position as a coal-field was not dreamed of half a century ago . But its time of trial is now past , and the
extension of the broad gauge system in every direction , as well as its immediate connexion with the sea , is now carrying its produce far and wide . We have means of knowing that the proprietors of the pits tinder notice are themselves large holders in the association they promote . Two of the gentlemen they have joined with them are experienced Scottish coal-owners . That a third , owns the next coal-field' is a distinct vote of confidence . The certifying engineer holds ah excellent position . These facts we know ; and supposing that , as stated , three-fourths of the capital is subscribed , we see no reason why the remainder should not be readily forthcoming in these " piping times . "
French Loan Bank . —Accounts from Paris state an expectation that the / contemplated scheme for a new loan bank will be shortly put forth . It appears that it is to be called the Commercial and Manufacturing Credit Company , and that its capital is fixed at 1 , 600 , 000 / ., in 20 / . share ? . Deposits , not exceeding in the aggregate one-half the capital , may be received at interest . The company are to discount home and foreign bills , to make advances on -warrants and goods , to grant limited loans on Government securities for ninety days , and on mortgages for
eix . months , to collect dividends and debts , and to receive securities upon commission for safe keeping . The advances on Government securities and mortgages are each to be restricted to a fifth of tho Subscribed capital , but the transactions in bills , warrants , &c , seem to be left to discretion . The total liabilities of the company are never to exceed six times the amount of tho capital . Subject to the consent of the Minister of Finance , subscriptions may be made to foreign loans and foreign companies .
Tub- French Govepnbient and the Isthmus Scheme . —The Paris correspondent of the Esqwesa says ' : — " The telegram stating that the Sultan had washed his hands of the Isthmus of Suez business , and that the Pasha of Egypt would not allow tho works to be commenced without his sanction , was suppressed in Paris , and nono of tho journals have felt at liberty to allude to tho subject . It was , however , apprehended at the Bourse that the Lesseps bubble , was about to burst . The shares were dono at 10 and 15 discount .
This Suwpmt ow Tea . —Tho reports current m the first part of tho season , that tho supply of tea this year would bo short , although they did not get much credence at first , seem as if they were actually to prove true , Tho advices just received say that at all tho ports the supply is remarkably short , and , owing to tho , small stocks , tho teamen are enabled to keep up prices to a figure which prevents foreigners from buying frooly . Tho export this year to the present time shows a do * crease of 0 , 000 , 0001 b , on that of last year to the same period , and of 18 , 000 , 0001 b , on that of 1866-57 .
Tww Coinage in Lomsahdy , -r- Accounts from Venice state that tho Archduke Maximilian has just adopted two important measures . Tho flrafc authorises the mints of Milan an < l Venice to Issue monthly 300 , 000 florins in zwansigora of foreign manufacture ( tho circulation of which has hitherto been prohibited ) In exchange for new Austrian money of a corresponding value . Tho second is intended for tho convenience of tho working classes , and directs the distribution among
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BOOKS RECEIVED . . 1 Handbook of Hallway Lato . By Arthur Moore , Esq . W . H . Smith and Son . Soutltern Lights and Shadotcs . By Frank Fowler , Sampson Low and Co . Life in Victoria in 1853 and 1858 . By W . Kelly . 2 vols . Chapman and Hall . Songs by a Song-writer . By W . C . Bennett . Chapman and Hall . What ' wilt he . do with It ? By P . Caxtoii . 4 vols . 8 vo . W . Blackwood and Sons . Twelve Years of a Soldier ' s Life in India . By Rev . G . Hodsori . Svo . J . W . Parker .
Mildred Norman , the Nazarene . By a Working Man . Longman and Co . . 4 Musical Gift from an Old Friend . Walton and Maberv . Hints for the Table . W . Kent and Co . Tainting Popularly Explained . By Thomas John Gullick , Painter , and John Timbs ,-F . R * . S . W . Kent and Go . The States of Central America . By E . G . Squier . Sampson L ° and Co . Reissue of Scraps and SketcJies . J&y George Criiikshank . W . Kent and Co . Frederick the Great and his Merchant . 2 vols . R . Beritley .
The Physiology of Common Life . By George Henry Lewes . No . I ., " Hunger and Thirst . " W . Blackwood and Sons , Tales from Black wood . No . X . W . Blackwood and Son . Descriptive Ethnology . By E- G . Latham , M . A ., M . D ., F . KS . In 2 vols . John Van Voorst . Japan and her People . By Andrew Stemmetz , Esq . Routledge and Co . Outlines of English History . By Henry Ince , M . A . James Gilbert . Sketches of and from Jean Paul Richler . A . W . Bennett . Poems and Ballads of Goethe . W . Blackwood .
An Inquiry into the Evidences relating to the Charges brought by Lord Macaulay against William Hehn . By John Paget , Esq . The Virginians . No . 15 . ( January . ) Bradbury nnd Evans . A Popular History of England . By Charles Knight . Bradbury arid Evans . Winter Evenings . By Loitch Ritchie . In 2 vola . Hurst and Blackett . Dublin University Magazine . No . CCCXIII . Jamniry . Hurst and Blackett . Fraser ' s Magazine . No . CCCXLIX . January . J . W . Parker .
Blacfaoood's Magazine , No . DXIX . January , W Blackwood . Titan . No . CLXVI . January . James Hogg . Tho English Woman ' s Journal . No . XI . Vol . n January . Piper , Stophenson , and Co . The British Workman . No . IV . Yearly Part . Partridge and Co . Revue Britanniquc . No , XII . IMcembiv , 1858 . Pans nu Bureau do la Itevuc , 00 , Rue . Nouvc-SaiiU ^ Augustin , Le Follet : Journal du Grand Monde . Sininki " , Mar
shall , and Co . The Gallery of Nature . By tho Rov . Thomas Mllnor , M . A ., F . R . G . S . Part III . W . and li . Chambers . Davenport Dunn . By Charles Lover . Part . MA . Chapman and Hall . Harry Roughton ; or , tha Reminiscences of < t Mveuiia Q (/ t < Kr . By L . J . F . llftolmn . Svo . Slmpkin ami Marshall . ,,. . The Ladies' Treasury . No . XXIII . Vol . M . wiini and Look . . _ q The Art Journal , No , XLIX . January ., Jft ™ 08 B >
The HhtorioalMagazine . No . XII . Vol . II . TrUbndr ami Co . . a ... Tho Life and Ramans of Douglas Jerrold . "y his » ° » , Blanchnnl Jorrold . Crown 8 vo . Kont and Co . Tho Ware of tho Roues . By J . Q- Edgar . 8 vw . " Kent and Co .
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28- THE LEADER . [ No . 458 , January l r 1850 .
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Citation
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Leader (1850-1860), Jan. 1, 1859, page 28, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/vm2-ncseproduct2275/page/28/
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