The New York Herald Newspaper, April 19, 1854, Page 2

errr The Guyandotte Land, Coal, and Iron Come | “ Virginia Cannel Coal Com pany—Western Virginia, U. 8. NO PERSONAL LIADILITY. PROVISIONALL y REGISTERED. CAPITAL £500,000, IN 100,000 SHARES OF £5 PACH. 45,000 Shares have bcen taken by the American Interest. 15,000 Shares, or thereabonts, are to be taken by the Directors and their immediate friends:—l 40,000 Shares—£200,000—to be taken; of which ‘gum £50,000 will be set aside for a working Capi- tal. One Pound per Share is requir ment. “ , One Pound per Share to be paid on the 25th June, id on allot- obey 854. One Pound per Share to be paid on the 25th August, Sod. One Pound per Share to be paid on the Ist Novem- ber, 1854. One Pound per Share to be paid on the Ist January, 1855. If 40,000 Shares be not taken in a reasonable time, the £1 per Share paid on allotment, will be re- turned to the parties paying it—less the actual ex- + pense of printing, &c., which however, sivall in no event, exceed One Shilling per Share. CHAIRMAN OF DIRECTORS. DIRECTORS. TRUSTEES IN THE UNITED STATES. HENRY McFARLANE, Esq.; EDGAR J. BARTOW, Esq.; | and LYMAN DENNISON, Esq., of New York. TRUSTEES IN ENGLAND. BANKERS. SOLICITORS. PLUCKNETT anp ADAalS, 17 Lincoln’s-Inn Fields. bi AUDITORS. RICHARD JORDON, Fsg., Hill, Southampton. “PROSPECTUS. Tur Goyanporre Lanp, Coat, AnD Tron Com- »any, is formed for the purpose of working the ex- pensive Coal and Iron Mines, and other Minerals, ipon its Estate, which consists of a freehold of 341 bo acres (nearly 500 square miles) of the fin imber and agricultural lands in the State of Virgi- via, United States of America; not less than two- thirds of which is underlaid by at least five veins of Cannel and bituminous coal, from four to eleven and a half feet thick; and having an aggregate ‘thickness of more than thirty feet. Also of inex- haustible quantities of Iron ore; specimens of which as also of the Coal, can be examined at 22 Moorgate | Street. This Estate, containing nearly five hundred square miles, was recently the property of the “Guyandotte | Lanp Company,”’and the land Shins iter ene | of its Timber and Minerals—Coal, Iron and Salt— is believed to be worth the full amount of the Capi- | tal Stock of the Company. Its invaluable mineral ‘wealth has been discovered since its organization as a “Lanp Company;” and all its property has been transferred to the Guyandotte Land, Coal and Iron Company,” for the purpose of working its Coal and Tron Mines; at the same time that the gradual sales of its Agricultural Lands and Timber, will, un- eeeiceny, refund the entire Capital of the new ym pan, /omp The Stockholders of the late “Guyandotte Lanp Company,” and the Directors and Officers of the present Company, and their associates, have taken up Sixty Thousand Shares of the Capital Stock, | leaving only Forty Thousand Shares, or £200,000, | to be subscribed; of which sum £50,000 will be set aside as the working Capital of the new Company. The title to this priaccly estate is indisputable. It is situated in Cabbell County, Western Virginia, near the Ohio river; and the River Guyandotte runs thirty-five miles through tho property of the Com- | pany, and empties into the Ohio eighteen miles from the Company's prop ° The State of Virginia and the late “Guyandotte Lanp Company” have just completed (December, 1853) a slack water navigation of the Guyandotte River from its mouth to the heart of the Company's roperty; by which coal boats can pass into the hio, and thence to Cincinnati, Louisville, New Orleans, and every market below the mouth of the Guyandotte, every day in the yeor. This work was constructed by the ‘‘Guyandotte Navigation Com- any” during the last three years, under a charter m the State of Virginia, with a capital of 200,000 dollars (£40,000) ; twee of the Stock of which is owned by the State of Vifginia, and two-fifths by the present “Guyandotte Land, Coal, and Iron Com- Sany. .. The State of Virginia having thus aided in giving m outlet to the Coal of this region, her “Board of Public Works” now offer to advance funds to aid in he construction of Iron-works; and pledge them- elves to give a preference to such Iron works, in the | vurchase of rails for the western section of the Great central Railroad of Virginia, which connects the Ohio River with the At/antic, and passes along the property of this Company about twenty miles, and crosses the Guyandotte River just below the Com- oe boundary. Upwards of one hundred miles of jis Railway is now open; operation at the close of 1855. The following facts have been conclusively and satisfactorily proved; and the dataupon which they are based will be found in the Appendix annexed. 1. The extent of the Company's domain (340,000 acres), admits of no dispute. 2. Their Coal has been analyzed by Prof. Locne, and its superior quality established. 3. The extent and richness of their Coal-Veins and other Minerals, are clearly demonstrated, 4. The slack-water navigation of the Guyandotte, constructed jointly by the State of Virginia and the | is completed, | late “Guyandotte Laxp Cen. . and the market for Coal, accessible at all stages of ‘water. 5. Coal is being put in the Company's boats by contract, at two cents (1d.) per bushel. 6. Coal can be delivered by the Company at Cin- cinnati at less than four cents (2d.) per bushel; and at Louisville, and everywhere along the Ohio, at five cents or Jess, per bushel. 7. They have been offered, and their agent has re- fased, 124 cents per bushel for all they can deliver at Louisville. (See Col?Wess’s Letter, in the Appen- Smne price of Coal at all the markets on the Ohio, the mouth of the Guyandotte, varies from 12) to 25 cents and upwards, per bushel; and cannot, in any conceivable contingency, fall below 10 cents per | bushel. There are from 28 to 30 bushels in a ton. 9. The Company may reasonably anticipate at Jeast 124 cents per bushel for all the Coal they can mine. The average price will be higher. 10. The demand for Coal very far exceeds the pre- sent supply. ‘ é 11. The Company’s Coal-veins are inexhaustible; and the evidence before the Directors, goes to Aaehd that if they were to send out 3,000 tons per day in- stead of one thousand, it would not supply the de- mand now actually existing, and daily on the in- crease. 12. Five thousand acres of the Company’s land, four miles above the falls ef the Guyandotte, where the receatly constructed slack-water navigation gives us from ten to twelve je Ti alon, =n 2 our Coal nings (See Offcic port of ick-water Navigution 7 the Board % Public Works of the State of Virginia, 31st Oct. 1853), if sold at one-third the price of Coal lands as favourably situated near Pittsburg, 285 miles above us, and only accessible at high water, would yield a sum equal to the entire capital of the Company ! 3. Unless the Company dispose of a portion of this Coal-field, and thus invite competition, they must for ever control the price of Coal on the Obio, below the mouth of the Guyandotte. ‘The price to be paid for the entire property Of 340,000 acres, or nearly 500 square ‘miles, including two-fifths interest in the “Guyandotte Navigation Company,” is Jess than £1. 6s. 6d. per acre.....-..++++ 000 Of which amount there will be taken in paid-up Shares. +90 ‘ 000 Leaving to be paid in Cas! “450,000 To which must be added, the proposed work- ing Capital,......-..-.00+ siecveeveed Making a total Capital of...........+ ESTIMATE OF PROFITS. Bappese we send out only three boat-loads Coal per day, of 350 tons each, being 1,060 tons per day, or, in round numbers, 300,000 tons per annum. At a profit of fourpence per bushel, which is the small- est a profit we can possibly realize, it would be 9s, 4d. per ton, or on the Or 28 per cent. on the capital. To be quite safe, let us assume that during the first year we only accomplish half this bib and ees would Or 14 per eent. it 1 ett ane id its on Coal... 0 Setoeee K ‘onl Bre abe Tron, (say). 30,000 be Timber. . ve « Land Sales.. 50,000 “ “ £170,000 | It is quite safe, then, to say, that the Shareholders | Or 34 per cent. anticipate a profit of not less than 10 per cent. may dwaly next ; aid not less than éwenty per cent on the second year. And these minimum profits, cannot fail to be annually greatly increased, if the business dx condacted with ordinary discretion and ewig ie De. Dy Bois, of New York, the Presideat o! ind the whole will be in | ore + £500,000 | he first year’s operations, dating from Ist of | ny,” whose high per sonal character is vouched for by the American | Minister, the Bishop of Ohio, and the late Governor | of the State of New York, is now in London, seeking | a loan of £40,000, to render navigable Coal River, which empties into the Kanawha (a tributary of the Ohio), some fifty miles above the mouth of the Guyandotte. He reports, that he has recently mined 4 bushels of Coal on Coal River, 150 miles dotte, with a view of ascertaining the price of Mining and getting his © to market. In conse- quence of the want of a slack-water navigation in ‘oal River, the cost of his Coal, when it reached the Kanawha, was 8 18.000 cents per bushel, instead of 243 cents, which would have been the maximum cost, if there existed a slack-water navigation, such as has been constructed on the Guyandotte by the State of Virginia and the “ Guyandotte Land Com- pany.” He giyes the actual result of this test as follows:— vi Cost of Coal at the mouth of Coal River on the Kanawha. 8.18 cents per bushel. Cost of Coal, and transport tion to New Orleans...... Sold in New Orleans for Cost of Coal, and transporta- tion to Louisville, . Sold at Louisville fon Cost of Coal, and transporta- tion to Cincinnati... 9. Sold at Cincinnati for. Dr. Du Bois remarks, that— “The reault must be deemed very satisfactory, con- sidering that it was obtained under the following un- favorable circumstances, and unusual expenses—inci- dent to a new business on an unimproved river, only navigable during seasons of freshet. “J, Expense of temporary fixtures, repairs, and other contingent expenses of preparation. ‘2. Expense of navigating four transit boats for every | market boat, in order to carry quarter loads over the shoals, and the loss by shipwreck and sale of these super- numerary boats. The charges arising from this cause alone added exactly 2 84.00 cents to the cost of every bushel of Coal. “3 3.88 24.67 “ “ “3. Expenso of transhipment of the Coal at the mouth of the river, and the necessary reconstruction and equip- ment of the market boats under great disadvai ‘4. The arrival of the market boats was always, during seasons of high water, when the market was generally stocked. This circumstance, together with the absence of established yards, agencies, and customers, caused sales to be made under great disadvantages. river improved. cents per bushel, which, taken from the actual [average] coat of eleven cents, would leave six cents as the proper [average] cost, and would enhance correspondingly the ratio of profit.” The construction of a slack-water navigation on Coal River, would render the coal deposits on that river exceedingly valuable, and pay a large interest upon the investment ; although there would still be about three months in the year when, in conse- | quence of the low water in the Kanawha, and the obstructions in the Ohio, Coal-boats could not go to market. In consequence of the more favorable situation of the Mines of our Cgmpany, and the completton of our slack-water navigation to the Ohio, at a the cost of our Coal in each of the three great mar- kets referr@d to, would have been 6 cents less per bushel than was the cost of that sent to market by Dr. Du Bois under such unfavorable circumstances ; but which, notwithstanding, yielded, as he says, an average profit of 42 per cent upon its cost! The same amount of Coal sent from, the Guyandotte, | now that our works are completed, or from Coal | River, if they should ultimately construct a slack- water navigation, would have paid more than 200 per cent upon its cost. In round numbers, the re- sults would have been as follows at high water, and atleast 50 per cent more favorable at low water:— Cost of Guyandotte Coal, and transportation to New Or- leans Sold at New Orleans for 244 Cost of Guyandotte Coal, and | transportation to Louisville. 4 Sold at Louisville for... 15 | Cost of Guyandotte Coal, and | transportation to Cincin- nati. + Sold at Cincinnati for. . The agricultural lands of the estate will, as soon as practicable, be surveyed and subdivided into farms of sections a mile square, containing 640 acres; half sections, containing 320 acres; and quarter sec- tions, containing 180 acres each. In like manner | the town sites will be subdivided into lots, and from time to time be thrown into market. The Share- holders to have s preference in selecting farms. | Inall cases, the Minerals will be reserved to the | exclusive use of the Company; and where necessar: | for the Company’s uses, Timber will be also reserved. 8 cents per bushel. “ “ “ “ “ This invaluable mineral By been brought | before the English public by General Watson Webb, of New York, recently the Minister of the United States at the Court of Austria, and for many years | the editor and proprietor of the New York Courier and Enquirer, the principal Conservative Press in the United States. No individual in the United States is more extensively known to his countrymen than General Webb; and were this patos ‘to be confined solely to the metropolis, it would be quite | unnecessary to render him better known. Inas- | much, however, as it is intended to enclose copies to capitalists and others in the rural districts, where General Webb is not knewn, it has been deemed ex- | pedient to publish the following letters:— | Tater ton the Right Rev. JONATHAN WAINWRIGHT, | the Provisional Bishop of New York, to the Ameri- | can Minister. New York, January 5, 1854. Drax Sir, My friend General Webb being about to visit England, in connection with matters of business, in relation $0 which it is important to him that his social position and character for unimpeachable integrity, should be placed beyond question; and the most effectual way to accom- lish this being’ the united declaration of friends who now him well, and have long known him, I take the liberty of stating for use, should there be need, that it is my full conviction General Webb is utterly incapable of intentionally misrepresenting any matter of fact; and should command entire confidence. Thave not the honor of being known to you person- ally, but my official position may have made my name not unfamiliar to you. At any rate, persons whom you must frequently meet in England, as the Archbishop of Canterbury and the Bishop of London, are acquainted with me and are in correspondence with me. Very respectfully, your obedient Servant, JONA. M. WAINWRIGHT, : Pro. Bishop of New York. To His Excellency the American Minister, London. | Letter from Wasuinaton Henn, the late Governor of the State of New York, enclosing to General WEnB a Latter to the American Minister. Lockport, January 4, 1854. My Dear GENERAL, Tam sorry that you are to leave again so soon; but it is right, or you would not go. It seems ridiculous for me | Tdo it because you suggest that it may be useful. Wish- ing you entire success in your purpose, whatever it may be, and then praying for your early and safe return, T remain, yours faithfully, WASHINGTON HUNT. | General J. Wateon Webb. Lockport, January 4, 1854. My Drar Srr,— T learn from my friend, General Webb, that he is about to visit England, and that he may find it desirable to so- licit your good offices in arranging an affair which to him is of ‘much personal importance. General Webb is so well known to you, Iam sure there | ia no occasion for me to say one word in commendation of | him, as a gentleman distinguished for oe of cha- raeter and for his high sense of personal honor. My associations with the General, private and official, have been go intimate and friendly, that I feel a special inte: reat in his prosperity; and this must be 4 apology for asking that you promote his objects in whatever modo you may deem most appropriate and effectual. I beg to assure you that no one, among all your countrymen, could be more worthy of’ your confidence and favor. You may hold me responsibie for him that he will ‘ask nothing but what is right.’ I remain, with great respect, Your obedient Servant, To his Excellency WASHINGTON HUNT. James Buchanan, &e., &e. London, October 2, 1853. Dear S1R,— I do not delay to reply to your note of yesterday, mn which you mention the object of General Webb's visit to London, inconnection with a valuable body of coal | lands in the Western part of Virginia. If an expression of respect and good feeling on my part can be of any pos- tible service to him; he is most welcome to it, and to my best wishes for Ls pen I pnt ed fos ae resentations Which he may make on his own knowledge, | vin be entitled to implicit Ziiance, derived both from his good faith and bis in jelligence, i am, fai fully, yours, YOU. INGERSOLL. Gerald Ralston, Esquire. Legation of the United States, London, March 11, 1864. si, It affords me ver! t pleasure to say to you that I have been intimately nequainted with General J. Watson Webb, of New York, for many years, and although po- litical opponents, our relations, personally, have always beon of a friendly character. General Webb is a gentleman of honor and integrity, who maintains a high standing in the society where he is best known, and I feel quite assured would be utterly in- capable of misrepresenting facts within his own know- ledge. I would, therefore, respectfully commend him to your confidence and regard. * | Yours, very respectfully, JAMES BUCHANAN. Tho Rt, Hon. Sir Henry Lytton Bulwer, G.0.B., &. &¢. Fenton's Hotel, St. James's street, March 11, 1854. My Drar Sm Hewry,— Tam necessarily 4 stranger here, but as we were not strangers in the United States, you will appreciate the motives which prompt me to seek to be known in London as I am known at home and to you. No Englishman knows our country and our people better than you; and | your familiarity with the different sections of the United btales—its internal commerce and tho great interests urther from market than the mouth of the Guyan- | ‘All these causes of expense and loss, would bave | Deen obviated in an established business, and with the | ‘The aggregate ‘amounts to fully five | point from which we can reach any market below the | mouth of the Guyandotte at the lowest stage of water, | that, whatever he may assert as of his own knowledge, | to be writing hbout your character to Mr. BucHANAN; but | everywhere springing up, and giving an impetus to trado and manvfactures—gives to your opinions very great | importance. Iam exceedingly thankful, therefore, for your frank offer of friendly services, and address you this letter in the hope of eliciting from you such reply | as will introduce me to the English public as one who no schemer, and who will be careful not to do or say any- thing which can by possibility compromise either my friends or myself. The pamphlets I gave you some time since will render you familiar with my purpose in visiting England; and as you can speak understandingly both of the property I am offering to the English public and of the party offer- ing it, Lask your attentive perusal of my programme, and such roefonie you may deem expedient, content- ing myself for the present with stating certain facts within my own knowledge, upon which I predict, with the greatest possible confidence, the success of the “Guy andotte Land, Coal and Iron Company,”” when once got fairly underway with a sufficient working capital First. There can be no question of the extent of our estate; and in July last I accompanied Professor Locke in his reponnaisance of the six miles of the Guyandotte River immediately above the Falls, The coal and the ironstone deposits on this six miles of river alone cannot be removed for centuries to come. ‘Second. Coal is now being put in our boats for two cents (1d.) per bushel, and can be delivered by us at Cin- cinnat\ for less than four cente (8d), and at Louisville | for a fraction over 2d, per bushel. Third. When I was at Cineinnatt last July coal selling at sixteen conte (8d.) and upwards per bushe subsequently sold at nearly double that price—there being literally no coal for steamboat use on the lower Obio for many months of the past year. | | Fourth. Our slack-water navigation to the Ohio has | been completed, and the Company is not in debt, either for its estate or its great internal improvement. Fifth. The entire market below the mouth of tho Guy- andotte is now open to us; and this market, if we are to beliove the Press of that region, the masters of steam- oats, the merchants and the manufacturing interests of the country, very greatly exceeds the supply. The | Zouinville Journal, one of the leading papers in the United States, estimates the demand at this day at not leas than three and a half millions of tons per annum, | which, it eays, will double every few years, while the supply does not exceed one-third of this quantity. The Cincinnati Gazelle and the Columbian, papers of the highest respectability, confirm all that the Louisville | Journal says on the subject of market; and we both of us know that this testimony is of a character which ad- mits of no question. | Sixth, While I have placed the probable profits of the | Company for the first two years at ten and twenty per | cent per annum, I have no hesitation in saying, that as | soon as our Company gets fairly under way, and possesses the necessary facilities for doing a large business, it will be quite as easy to divide fifty as five per cent per annum; because, in my judgment, there will always be purchasers for any amount of Coal we may send to market; and we | may safely expect to realize from one toa hund@ per cent profit wpon every ton of Coal we mine. Very respectfully, your obdt. Servant, J. WATSO. ‘Tho Rt. Hon. Sir Henry Lytton Bulwer, &c. &e. 12 Queen street, March 13, 1854. My Dear Sir,— You are quite right in supposing that our old acquaint- ance in the United States, and the general interest I take | in uniting the two countries commercially and politically, would have rendered, and doos render me desirous to as- sist you in the enterprise which has brought you here, | au far as lies in my power. | “In regard to yourself individually, there is no one who | would not endorse such testimonials as those of Mr. In- | GErsou and Mr. BucHanay, than whom no statesmen rank higher in your land; and that they are of different sides in its party struggles, sufficiently indicates that | what they say of you is of @ gentleman, not of an ad- herent. With regard to the Coal district, of which I understand you to have at this moment the disposal, I do not know it personally; but since you first spoke to me on the matter, I have made inquiries of persona better acquaint- ed, and I have no hesitation in saying the result of such inquirios is highly satisfactory. Assuming, therefore, | the facts relative to the property in quostion to be as | reprosented, (and your own statements, corroborated by ‘our engineer's, correspond with what I have myself | heara,) 1 feel more warranted in considering your enter- prise secure, than any other connected with your country that has of late years come to my knowledge; and should it appear that you and your friends are disposed to take a certain number of shares in the undertaking, (which the public here would probably expect,) I do not think you would find the least difficulty in disposing of the rest among us, or of finding the most respectable names to countenance your undertaking. Tcan feel io difficulty in saying that you are quite 3 EBB. that you may deem ersential for your purpore, to use the letters of Mr. Ingersoll and Mr. Buchanan. Your’s very trul General J. Watson Webb, &c. &c. Fenton's Hotel, St. James's Street, March 11, 1854. .'L. BULWER. My Dear Sir, | You are so very extensively interested in every species of real estate on’ the Upper Ohio, and Mrs. Schenley is | so extensive a holder of this description of property in | several other States west of the Alleghanies, that I have | no hesitation in calling upon you, as a friend, to examine carefully the pamphlets I sent you, and the programme of my enterprise, and to whole subject. Your that you are so deeply interested in property on the Ohio, and so familiar with its value, will necessarily give great weight to whatever you may’ write on the subject; and not the less because the developement of our ésal'getd will necessarily cut off the entire lower market from tisburg. This, hewever, is of little consequence, if, as Tam assured, the market above the Guyandotte is greater | than the region about Pittsburg can supply. | Very respectfully, | Your Friend and obit. Servant, J. WATSON WEBB. | To Evwarp W. H. Sareyiny, Esq. 14, Princes Gate, Hyde Park, 13th March, 1854. My Dear Generat Wenn, In reply to your letter of the 11th inst., Ihave great pleasure in stating it as my firm conviction, after # care- | fal perusal and examination of the Guyandotte pam- yhlets, Tre much below what will bo realized after the frst twelve months of your operations. | The best proof I can offer in support of this opinion, is my having solicited Stock, and undertaken the duties of happy to reply to any references which may be made to e me. | _ 1 think you are quite right in publishing your letters of introduction. They are such as not only yourself but your friends must be proud of; and although I certainly expect material benefit from my connection with your enterprise, yet believe me, that my*eclings of friendship | other | and confidence in your integrity, far outweigh every consideration, except the desire to assist in securing the sucess of this most important undertaking. Believe me, my dear General, Very respectfully yours, EDWARD W. H. SCHENLEY. | Gen. Wateon Webb, &e. Fenton's Hotel, St. James’s-street, | March 11, 1853. My Dear Sr Gorr,— | _ From your long residence in the United States, and familiarity with our people and the country: and from | your intimate relations with my friends and relatives, I | am induced to ask your good services, both in bebalf of | myself personally, and of my Coal property, in relation \ to which the pamphlets handed you some days since, will give you the necessary information, should your own nowledge be at fault. Your's very truly, J. WATSON WEBB. Sir W. Gore Ouseley, K. C. B., &e. &e. 44, Hertford-street, Mayfair, Votan | al My Drar GRxeraL,— Thave attentively perused the pamphlets and docu- ments that you sent me. Ihave also had opportunities of consulting some of your countrymen, for whom I er- tertain, in common with all who know them, high re- oe and feclings of entire confidence, on the subject of the plans you propose. Nothing can be more favorable than their opinions; but irrespective of that circum- stance, my own knowledge of your character, and the high standing you enjoy in your own country, leads me | to the conviction—on reflection—that you have rather understated than overrated the adwantages offered by the pro Company. If you think I can further your views, and the interests of the Company, my services, such aa they are, are n- tirely at your 1 popal. Tam, my dear General, Most truly yours, W. G. OUSELEY. Gen, Watson Webb, &e. &e. mn Fenton's Hotel, St. James’s-street, March 11, 1854: My Drar Sim Wiit1am,— Notwithstanding our friendship of more than twenty years, I am here, a comparative stranger; and find in the existing state of ‘public affairs, which affects injuriously the money market, if I succeed at all with my Coal Com- pany, it will be in consequence of capitalists knowing me as I'am known to my friends, and their placing the most implicit reliance upon my representations. ‘ou have spent six years and upward in the United States; and your long knowledge of me, and your fami- liarity ‘with the whole valley of the Ohio—its consump- tion of fuel, and the enormous saving which will accrue | whenever Coal can be supplied in the place of wood—has prompted you to say that you will take stock in the | Company about to be formed. But you must do more. You must write me a letter which I can use in common | with those of the late and present Ministers from the | United States—the latter of whom is a political opponent. Your's very truly J. WATSON WEBB. | Bir W. Drummond Stewart, Bart. 83, Jermyn-street, March 14, 1854. My Dear Wens, I should be glad to think, that the success of the Guyandotte scheme should in any di rest upon the integrity of your views regarding it, as 1 am confidemt that pour becoming more extensively known will insure an honorable character to the undertaking. It would be but | the most meagre justice to ray, that any statement of facts coming within your own knowledge, would be en- tirely worthy of confidence, Although any one who has enjoyed your friendship for nearly twenty-two years (as I have done), must know how impossible even unintentional misrepresentation must be in ene with a disposition so open and honor- | able, yet it becomes a duty to express an opinion on the present occasion in any way in which it might be usefal. I can only further state, from local knowledge, that the statements regarding the position of the Guyandotte Mines, and the demand for their produce, are entirely borne out by fact. Should the management of the new Company remain in your hands, and a sufficient capital be directed by American energy in the prosecution of its operations, I should feel ontire confidence in placing every farthing I could command in the undertaking. Believe me your sincere Friend, W. D. STEW: ART. To Gi lL Watson Webb, U.S. A., &o, &e. &e. ‘Ap slication for Shares to be made to the Provi- sional Directors of the Guayandotte Land, Coal and Tron QGompany, welcome to use this communication in the same manner | ive me your opinion of the | sition here, and the knowledge | that the premises and inferences therein drawn | a Director; in which capacity I shall at all times feel | ‘The Great Southern and Western Commercial Conventions ‘PUT DAY. FROM OUR SPECIAL REPORTER. Cnanueston, April 14, 1854. Debate on the Report of the General Committee—The Ez- Pploration of the Amazon—The Pacific Railroad and the Gadsden Treaty, de., de. The convention met at nine o'clock this morning, but the attendance of delegates was not so numerous as on yesterday, many having returned to their homes. Several reports were presented on different subjects, | and reeolutions offered. A motion was made that the various reports be printed, which was lost, when ‘The Secretary said he was authorized by.the Committee of Arrangements to request that the printing might be done by the citizens of Charleston; they had taken the necessary means for doing so, and they merely desired that the convention would allow them to take the matter out of its bands as a courtesy. y, ‘This request was received, as it deserved, with hearty applause. Mr. Marsnau. presented a resolution to the effect that, as the convention felt deeply impressed with @ sonse of | the liberal hospitality of the citizens of Charleston, they ‘beg leave to tender, as a mark of their high appreciation of it, their contribution to the fund now being raised for the erection of a monument to John C. Calhoun. A MemnER suggested that it would be well to adopt some plan by which the resolution could be readily car- ried into effect. Mr. Marswa.t said he would propose that a subscrip- tion be raised among the members. A motion was made to bring up the ro of the Gene- ral Committee for reconsideration. The motion was adopted, and the Secretary proceeded with the reading of he came to the following resolution :— the pa until Béso! |, That a commit ited to me- moriali ‘ongross in the ion, andin the mos rn of, and to pray for the following measur 1. Tho remission of duties on railroad iron. When he had read thus far— Ex-Governor Cuarman, of Alabama said it should be remembered that this was a commercial convention com- posed of gentlemen from different political parties. He elonged to one of those parties, and had matured cer- tain views with regard to principles which those par- ties professed; but at the same time he respected those who differed with him, and he would not, as far as he could prevent it, throw anything in the way of this con- vention which would militate against the views of his brother delegates. There were grounds enough upon which all as Southern men could agree. He had, he con- tinued, a proper respect for the chairman of the com- mittee, Lieut. Maury, and felt grateful to him for the benefits he had conferred upon mankind; he looked upon him as the pioneer in restoring the direct trade of the South with foreign countries, and he believed no man had done more for the accomplishment of that great object. But he had made up his own mind upon certain great aneations and could not give a vote in viola- tion of his convictions; he had heard remarks which | | were well calculated to arouse the feelings of a State’s | rights man; he heard Gov. Jones declare that there was | no distinction between the appro) riation of land and the | Se of money, but he had taken another view of the subject and he believed there was a difference, and however much he might admire the talents of Gov. Jones he could not allow him to thrust down his throat a proposition of that sort no matter how well he-might | be satisfied with it himself. Hore was a subject intro- duced in the report upon which the two parties were divided, and between whom it was a prominent peint of difference. Why was it introduced into the convention? Was it not the true policy of that body to avoid all ques- tions upon which its members could not agree? He would never consent to the adoption by this convention of a resolution in favor of the improvement of harbors and rivers, a subject to which he had been all his life opposed. ‘We look, he continued, to the perpetuity of this convention, but could that desirable object be effected by the introduction of such propositions? Even if they did pass this resolution it would not be accepted by the State whore there were three to one against it, al- though that Proportion ‘Was,revgrsed in the delegation. It appeared to him that there was no use in passing it, and he would vote in favor of striking oué the whole re- solution. Mr. Warrtix (of Ga.) said that when he left home he left it as a Southern man, and had entered the conven- tion free from all party predilections or Prejudices. He had come here to see what the wants of the South were, and to try as far as he could to develope her energies and to make her stand out prominently as she should. He had determined to support no proposition which would not be assented to by all the States. He knew they had come to the city of Charleston—to the good old State of South Carolina, noted for her chivalry, and he would not | | intrude sentiments and principles upon her people that | he believed were not supported by some of their greatest | men. They bad, he hoped, assembled as Southern men, to foster and develope the commercial and industrial in- terests and resources of the South, and he desired to steer clear of politics. Mr. Oakey, of La., here took the floor, when the Presi- dent said that Lieut. Maury had precedence of him, as he caught his eye first. ir. MauryY—I desire to say a few words upon this matter. Mr. OakEy—I have the floor, sir, and I also want to speak. ‘Tes Preipent—Mr. Maury had the floor first, and I will hear him. Mr. Oaxky—It appears to me that he always has the | floor. (Laughter.) ‘Mr. Mavky—I simply desire to withdraw the resolution, | if the convention will permit me to do so. } Mr. Oakey—We come not here as beggara, asking boons of Congress, but as delegates to a commercial convention. We did not come as party men ; if we did, we would crow | with Alabama, and tell Alabama to crow and crow in. Tam opposed to all of these amendments, for I came here | notas a suppliant to the halls of Congress. (Here the aker was interrupted by the stamping ‘of fect and | other indications of uneasiness on the part of his audi- | ence, but he and proceede opinions.) I want to know if you won’t hear Louisiana as you have heard Alabama and other States? Iam not | excited, Mr. President ; iveal pestered f | lected, and I won’t be put dewn. don’t want resolu- tions on political subjects adopted by this convention ; and I must say, if this resolution is passed, I would desire | to have my name erased from the list of delegates to this | convention. A Drzcate—I call for bpd ae tre question. Mr. Oakgy—You cannot call for that, sir, while T am 1am determined, sir, not to be driven from my purpose in this way. Idon’t care for time either, sir, and if necessary I will speak all this week and the who’e of the next rather than have this body converted into a whig meeting, instead of being, as it should be, a commercial convention. (Cries of “louder,” “louder,” | and stamping of feet.) Oh, I don’t care for these interruptions, for I will be heard. I was pleased to hear Mr. Wallace, of Virginia, Used on this subject yester- day as he did, and I hope there are more Wallaces in the Virginia delegation, and Bruces of Bannockburn, too. (“Louder,”’ “louder.’”) I know very well that Virginia | is composed of men who are not dispoged to be sup- pllants at the halls of Congress any more than the mem- s from Lovisiana. I know, sir, that they are sove- speaking. reigns—yes, sir, sovereigns like myself, sir. (Laughter.) ‘We are all sovereigns here, sir, and I ‘hope every sove- reign will be heard. (Renewed laughter.) Let us erase these resolutions from the record. (More stamping of feet.) Ihave a number of things to say, but as our com- pany are very impatient, I will sit down, and continue my remarks on this report at some other time. | Mr. C. Drew, of Florida—I am averse to frittering awa} ‘the time of the conveation, but this is aserious, a vital quostion—a question of deep importance to the interests of the State which I represent. If yougrant leave tothat | com” ittee to withdraw this resolution, 1t will not again | come before the convention, and it appears to me to be the most important matter that has yet been introduced. The Stato of Florida is deeply interested in the question of river and harbor improvements, the construction of | railroads, and the granting of alternate sections of land for those railroads. I know thore are gentlemen in that | State who differ with me on other polidieal questions, but , ‘on the question of harbor and river improvements I be- lieve I am safe in saying that three fourths of the people | are in favor of memorializing Congress for that purpose. | Mr. Pixs, of Arkansas, said that if he had been in the committee when this subject was proposed he would have voted it it, because he did not desire to an} | politi tions before that body. He thi | convention had been organized solely for the commercial, | agricultural, and other interests of the South, and he hoped the members would observe the reat precept of the Scriptures, “Not to put a stumbling lock in the Way of their brothers.”” He moved to lay the resolution upon the table. Mr. Oakgy—I hope the whole subject will be laid upon the table. (Laughter. A motion was made that Lieut. Maury have leave to withdraw the resolution, which was adopted. Mr. Camrreut. moved that no gentleman be allowed to speok more than ten minutes ata time. This was adopt- ad Vay Sabon z. Mr. Poux said he offered a resolution yesterday about Cubs, and as it was intended simply to show the impro- priety of the proposition about the river and harbor im- ] rovements, he would withdraw it. (Applause. The reading of the report of the General was resumed as follows: — Resolved, Thats ize Congres he mimittes on railroad iron. . Pastas ot for the improvement of the mer- cbant service, by encouraging boys to go to soa, and for pre- venting dese 3 wend two small zon, for th se of oxplorin, owning them hay tion of the whole world. lishment of & line of mail steam. ort town and the mouth of in Bri peri which the States 00 a t some other to encourage the e1 hment of a direct ite by steamers, betwoen some Southern port and *Yir! Couewan moved to amend the resolution 10 that it to urge upon Con: lowing measure ‘The remission of duties on iron, &o., £0. ‘The resolution, as amended, was adopted, and the Con- vention proceeded to consider the five propositions ap- pended to it. Dr. Rurrin did not think the convention should memo- rialire Congress, and was therefore opposed to the whole series of propositions. Mr. Lyon, of Virginia, said there wan another resola- tion lying behind that, in relation to the exploration of the Amazon, and it affirmed a principle of national law which would be of the most dangerous precedence to the government of the United States. It affirmed a right in us, he continued, to pass up the Amazon with or with out the consent of . The resolution, however, ‘would amount to nothing unless they foHowed it up with another asserting their right to do so. There was no au- thority for tl P evacy send and it acted on by the gov- ernment of the United States, Great Britain would be pre- iared to demand the same right to go up the Mississippi. in his humble judgment the delegates came to that con- vention for no filibustering rarce but Pont to pro- mote Southern interests; and if he understood the cha- = | the stock | ment of the United States tho for cool, calm and col--| P: | on the west that State in racter of the Southern States, they were the most emi- nently conservative of any portion of the Union. (Ap- plause.) And yet, he continued, we undertake, as a commercial convention, to recommend epen, outright, daring flibusterism upon other nations. I cannot con- sent to this. Iam Southern man all over. I love the South because she is the main pillar of that liberty which we enjoy. Lieutenant Macey said he had merely rose f@mghe pur- pose of giving information to the gentleman. ¢ Ama- zon question was one of the express subjects before the Memphis convention, of which the present was an ad- journed convention. It was recommended from the Bal- timore convention to that held at Memphis, as one of the | subjects upon which it should be called to act. There are in Brazil, he said, two parties, one of which was known asthe monarchical, with European sympathies, and the other the republican, with American sympathies. The former were opposed to the expedition, and when they heard that Lieutenant Herndon was about starting on his explorations, they denounced him and his men aa pirati- cal Yankees. The Brazilian government declared its de- termination not to allow any American expedition to go up that river, thus debarring us from having commercial intercourse with the nations along its banks, who were very desirous for it. When the mouth of the Mississippi was owned by another power, we were refused permission to pass it, but the people told our government to force a passage, and expressed their willingness to recruit an armed expedition for the purpose. He believed it was a matter in which the republican states of the Amazon were deeply interested, and which they earnestly desirea should be carried into effect. Mr. Lyon, of Va.—The question is not whether we shall express sympathy with the republics on the Amazon who are prevented by Brazil from having commercial inter. course with us. That is a doctrine which was pressed upon us by that greatest of all modern knaves, Kossuth, who came among us to involve us in difficulties with foreign nations. Yi Mr. MoFaRtans, of Va.—I am not under the same ap- prehensions of my col . The only matter of in- niry on this subject is whether the pro} itself sound. There is scarcely any principle of interna- tienal law more familiar in practico than that the rights possessed by the owners of streams may be extended by such owners to friendly powers. As long as the coun- ng tries above the mouth are allowed the right of navigati tho river throughout its entire length, can it be contend- eu that the same right may not be extended by them to other nations with which they are on eerie g relations? Mr. Lron—Where is your authority for that statement? Mr. McFaRiank—The authority is Wheaton, which is admitted, not only by our government, but by the goy- ernments of. ft oe Lieut. Maury asked leave to withdraw the proposition. Mr. Lyons said such a request was entirely unprece- dented. No chairman of a committee had any ri at to withdraw a portion ef the report of that committee; the convention must either accept or reject it. ‘A motion was made that the proposition be stricken out. Ex-Goyv. Cray, of Alabama, hoped the motion would be adopted. He could not assent te the doctrines laid down, and was not prepared to admit that all the world had a right to enter the mouth of a river which belonged toacountry. He was not disposed to raise a question of that kind with the government of Brasil. resolution ‘as amended, however, only requested the Senators and Representatives in Congress to urge these different pro- positions in a constitutional and rightful way. We do net mean to say that Brazil has no right to control the navigation of the Amazon. Lieut. Mavry said that the preamble and resolutions would receive strength and force by discussion in this convention; but, as there was not time enough to give the subject that consideration its importance demanded, he now gave notice that should he have the honor of a seat im the next conve he would bring up for dis- cussion the doctrine that seas draw with them the doctrine of free navigation. Tho motion was put on striking out, and adopted by a large majority. A motion was made to the effect that the Senators and Representatives in Congress be requested to use their in- fluence to procure an additional appropriation to remove ey yl in Red river, which the President said was out of order. ‘The Secrerary read the next resolution in the report, as follows Resolys to consi of adopt! That » committee of ————— d report upon the propriet; d Ox, iz jan for promoting Southera.and manufactur mining operations. Lieut. Macry moved to fill the blank by adding, ‘a committee of one from each State here represented.” ‘The resolution as amended was adopted. ‘The next resolution was then read, as follows:— Resolved, That this convention recommend to each of the Southern States havingla seaport, to encourage the e lishment of a direct trade with Europe either by exemptis from taxes. for a limited time, the goods imported, or by lowing the importers an equivalent drawback or bounty, or by such other mode as to the Legislatures of the respective States may seem best. Mr. McFaRLsns moved" to amend this by striking out from the word “ trade” to the words ‘only such, &c.?” Mr. Leek considered this emasculated the resolution. fier ements was lost, and the original resolution adopted. e following was next read by the Secretary:— Resolved, forts should be made to bts rect line o or ports, wit the establishmen port of all bee yoceor Led should be pledged, if possible, to fus- in such @ line. Dr. Goocn desired to amend this py ad: , and fur- ther, that a committee of five be appointed by the Presi- dent of the convention to draft a proposition to re- commend at once the establishment of a line of steamers from Norfolk, or some seaport town in the South.” Dr. G. said he made this motion for the pur- pose of putting the proposition in a tangible form; as it read now, it was simply ridiculous. He wished to have ubscribed by the time the next convention as- sembled. The resolution as amended was adopted, ‘The last resolution on the report is as follows:— Resolved, That this conveation a id to th cod rates of duty; and that the Se the respectiveStates be req: before C sub J ress. veral amennments were made to this resolution, all of which were rejected hosel one, offered by Mr, Polk, of Tennessee, striking out all after the word ‘“duty.’” The following resolutions, prepared by the committee, were read by the lowed — iy imy Resolved, it is vit portant to the progress and prosperity of the United States to have one or more roads connecting the States on the Atlantic with those en the n border of Tex: 70 hor law enacted at the last session of hor Le- Jaturo to charter the pri, EIPaso, and Facile ailroads, and thence to the Gulf of Mexico. th foregoing resolutions were adopted, after which the following was read :— Resolved, That in the deliberate judgmont of this Conven- tion the Gaded with the government of Mexico, ublish« Ts, ought to ratified by the mate of the United States at least so far as it had seomed t route for the purpose of Seuthern railroad from | thew stern limite of Texas to the Pacific. ir. RurFin, of Va., said that the committee had no right to present this resolution, as it was brought up yesterday, and it had not been referred to them. ‘The CHam said it was presented as an independent pro- position from the committee. Mr. Pork remarked that every Northern member in Congress was opposed to the Gadsden treaty, because it furnished the only practicable Southern route for the Pacific railroad. He moved that the treaty as originally published in the newspapers be adopted by the conven- 01 Mr. Gapspen himself here came forward, and made an explanation. He said he did not understand this propo- sition as recommending to the Senate the ratification of the treaty, nor would he, as a member of this convention, favor such a resolution, for it might contain many propo: aan he bach Steere bbe to = tes, “i whieh, cnown, they not approve, ant would appear as dictating to that bod: pe) they ought Yo reoulve’ He ired, however, simply to explain the proposition in relation te the right of way. e honorable gentleman from Kentucky submitted to him a resolution with regard to that part of the treaty relating to the right of way. Tn reply, he (Mr. G.) said that the ident of the United States would do that which ought to be done; bora he continued, it is no disclosure of a secret to tell you that the boundaries of the line which were originally marked ut have been fixed. My instructions were to settle all the issues between the two governments, and one of these was the right of way which we supposed had been Included in the treaty of Guadalupe Hidalgo. Everythi on relation to the treaty had been published—the Preat. dent’s Cag, yl rinted, and it ceased to bea secret any longer. sole objection to that treaty is that it secured a right of way for the Pacific railroad at the South, and that it extended the area of slavery. Gov. Jowts said that they were attempting to investi- @ subject which Jet they had no right to know anything about. Wi better, he continued, not at- tempt to act upon this subject as a convention. We are called upon here to ratify and endorse the Gadsden treaty; but there is not @ man ‘who can tell me what it i Will you take the report of the New York Hgratp, of the Washington Union, or will you take the report of the Tribune, and forty other papers, and the United States to ratify a treaty which, by every principle of honor, is a secret 90 far as we are co! |. I will move, with the consent of the gentleman from Tennes- see, (Mr. Polk,) to lay the resolution on the table. Mr: Pork sai f thay Is was time that the treaty had been ratified, ahd be was willing to hold himself respon- sible for the truth of what he said. He consented, how- ever, to withdraw the amendment. ‘The PRESIDENT ¢: the opinion that there was no necessity for precipitation in this matter. He believed that the couthern ators would look after the interests of the South, and he knew that they would repose confi- dence in him, As a matter of delicacy, he thought it should ke permitted to rest with them, an no doubt they would discharge their duty. The resolution was withdrawn by the chairman of the — (Lieut. Maury,) and the convention adjourn- ed, TELEGRAPHIC, Bartmone, Apri 18, 1854. ‘The Virginia delegation did not withdraw from the Southern Convention, as stated in yesterday's despatch, but a resolution was withdrawn, on account of Virginia declaring that if the convention recommended the squan- dering of lands on railroad projects, that State would never again countenance Southern Commercial Conven- tions, Supreme Court—Circult. Before Hon. Judge Mitchell. Arnit, 18.—Hermann Rohr vs. John A. Fiammer.—This was an action on a note for $375, The defendant, by his counsel, Mr. Morrogh, set up a set off of $100, due to him 4 plaintiff on a promissory note, for borrowed money. is the plaintiff alleged to be a forgery. The jury re- turned a verdict for the plaintiff for the amount claimed, leas the $100, thereby establishing that the note held by defendant was not a forgery. Tar Steam Frigates—Though nothing definite fa known in regard to the building of the six steam fri- 1e8, the probability is that the work will be distributed ows :—Portamouth, Char } Brooklyn, Phila- Gelpuie” Nortetr mr Felesaiie, exam Mom should bo preferred to the last named.— Harhington Union, The Crystal Palace Revived—Jotce Heth Rew stored. TO THE DIRECTORS OF THE CRYSTAL PALACE ASS0- CIATION. GeytiemEn—It gives me pleasure to inform you that, in regard to the sum proposed to be raised by the sale of tickets in advance, the results are flattering. Some of our fellow-citizens have come forward, in this crisis, with a public spirit beyond mere eulogium, Others have still the matter under advisement, but will no doubt add a generous quota, in the end, to the contribution, Under these circumstances, I may congratulate the Association upon the early realization of this initial movement to. ward the grand re-organization of the Crystal Palace as a permanent institution. I have directed, therefore, that the Exhibition, in view of its new character, be temporarily closed on Sa- turday evening, the 15th instant, to re-open with a po- pular re-inauguration and approprite ceremonies on the 4th of May next, the details of which will be furnished by the Committee of Arrangements, Messrs. Horace Greeley, Charles Butler, John H. White, Edward Haight, and P. T. Barnum. ‘Th erval mentioned will afford a much needed op- portunity for the reception and arrangement of @ wor! of rare and beautiful articles that have recently come consigned to us from Europe, as well as some exceeding- ly interesting American and foreign specimens in mee nery, manufacture and general art, that have awaited our determination to place the Crystal Palace among the imperishable enterprises of the age and the nation. ‘he Dutch government has just contributed a and choice variety of singularly ‘unique articles of luxury d use from Japan. They number about one thousand and cannot but prove wonderfully attractive, as tending to throw much light upon the peculiar habits of a re- served and extraordinary people. Our foreign agent, Mr. Charles Buschek, advises that in Ceres of the unsettled state of the European continent, the number of Soni. peitines and valuable chefs d’awvres in aculpture rea ae) be pl posal is unusually great, and will be forwarded Without delay, now that every apprehension that the Exhibition will be a transitory 6} tion has been dis} of. Hia\ report in relation tothe more novel and elegant manu- factures of Europe is equally gratifying; and I may ada that a1 menta are being perfected for the purchase of a collection of admirable copies of all the celebrated statues of the antique—a collection that, in itself, will peeceat the highest claim to the popular taste and at- n A perfectly correct and handsome model of Vapice, cov- ering sbout one thousand square feet, and exhibit overy minute detail of that beautiful city, in carved we from the reelity itself, will also be added. _ Several eminent horticulturists have manifested a de- sire to embellish the Crystal Palace with a profuse varie- ty of uncommon its and flowers. A number of) musical societies and bands have also intimated a wish to add, in turn, their attractions to the popularity of the be | With all these suitable arrangements will be effected. The committee (consisting of Messrs. Mortimer Liv- ingston, Watts Sherman, Wm. Whetten, Wm. B. Dins- more and Charles H. Haswell,) appointed to solicit our own citizens for fine art contributions, find that but one feeling ‘all classes of the poopie in reference to our undertaking. All seem to manifest the most earnest interest in its success, and all are anxious for an oppor- tunity to aid us in its popularization. We may conf- | dently depend, therefore, upon a very extensive selection | of gems art from private and domestic sources, worth | in ste several hundred thousand dollars, and im | pent of int merit approached by no similar exhibi- | ‘on upon this continent. Th a er facilities will be extended to exhibitors, ich will’ be the important right to affix the ny article ef which they may wish to dispose, to ‘ers where duplicates may be obtained, and re- | move their contributions, at any time, by giving only one week’s notice in advance. The machinery department will be much fuller and. more effective hitherto. There will be operating specimens of nearly every great invention, and in some | instances the entire process of manufacturing various Se wa be Seay +m m power and space be gratuitously fur- nished for the most interestin, Proceso in art and in- dustry, and as inventors and exhibitors will be permitted, ‘under certain cians regulations, to run the machinery’ for their own benefit, this branch of the exhibition is ex- pected to become especially interesting. | Allow me to recommend, in this connection, that the. Board of Directors announce, at an early day, its deter-| pine ton to erase manele and aie marks of merit to ose who mB; ry com judges, pronounced worthy of the distinction. naa snl diplomas! awarded for 1853 will be ready’ for delivery in the begin- ning of May. Under the new organizationgvery article will be clasal- fied to facilitate inspection. ose of the same pee an far as practicable, will all be grouped together, no from what quarter of the world contributed. The visiter may thus, at a single glance, institute a just comparison between the different de lopements of taste and ekilt in different countries. A novel and useful plan of re-ar- rangement has been decided upon that will nearly doul the space aire bulag riated to exhibitors - out the entire buil . ‘e need not hesitate to = lish, therefore, our ability to find room for an; or useful that may bo entrusted to us, and to vite oy man and woman in the world to originate’ something for this concentration of the ‘Industry of all Nations,’ that redound their credit and benefit our common humanity. 4 Among the wert a ee a Kernel tha Crystal " lou! wo telegraph offices, letter: boxes for the mails, express boxes, a police stat an office for property lost and found, and two spacious re- freshment saloons, where everything will be provided of unexceptionable quality at unexceptionable prices. AI its have been completed with some, and are in progress with other steamboat and railroad peace tereeabiy‘to which viaters will be conveyed to the Ceyet agreea! which visi conve; the - tal Palace from the rates of travel. remain undone, my part, to conduct this ficent enterprise with that: liberality which is due to Public, and that energy, and economy which are due to the interests of the Asso- cial To conclude, I cannot help reiterating my firm impres- sion that the Crystal Palace has befere it a brilliant and enviable future. All litigation has ceased. Every suit. a either the Directors or the shareholders, has been withdrawn, as untenable, or as now superfluous. The recent extension of the charter by the Legislature, witty power to increase our capital to a million of dollars, opened to our choice, should it ever be ee to ay ourselves of it, the most unlimited field of public useful. ness. It has given to our philanthropic ambition room tc work as events may dictate, for the best interests of duction both at home and abroail. It has ins; we with » solid confidence in the manifold resources of ous . Ithas taught us to belleve that, wi Orystal Palace shall have been re-opened on 4th of May with a grand coronation of labor and art, asa stable and homogeneous institution for the people, it will present itself in a form that must command the aympathy of skill and industry throughout the world) and deserve, as well as receive, a success at once gratify! ing to our patriotism, and consoling to our perseverance 1 have the honor to be, gentlemen, very Migros se | Yours, &c., P. T. B, } President of the Association for the ‘Exhibition of th Industry of all Nations.” CIRCULAR TO THE EXHIBITORS AT THE ORYSTAI PALACE. New York, April 15, 1854. The Seen joyfully announce to the exhibitor. and the public, that the formidable obstacles whic) threatened the complete discomfiture and destructior of the noble ent which they have been chosen t serve, are at Tength removed, in part through thr liberality of a portion of our fellow-citizens who havi pledged advances in aid of the Exhibition to the amoun of $100,000. Thus aided, we have been enabled to dig solve the injunction which was a source of embarrass ment to us, and alarm or apprehension to many of ow exhibitors, to pay off or arrange all the debts ‘pressin; upon us, and provide against the possible occurrence @ such annoyance in future. We therefore apprise yor that the Exhibition will be temporarily closed this even ing, in order to be completely renovated and refitted pre ek Se final re-opening, on Thursday, the 40 lay ne directors need not, surely, dilate on the value an importance of this Exhibition. Imperfect as it has hi therto been, and as in view of the total want of experi ence on our side of the Atlantic in the arrangement 0 exhibitions of such magnitude and variety, it could no fail to be, ithas yet proved immensely beneficial to th inventive Lge artistic developement and industris po fa ag the country. The RL cadet A therein af for bringing valuable inventions or improvement to the immediate notice of the capable and sa confe ° if sistible evidences of European superiority in elaborat: and delicate workmanship, or even im educated, ripene! taste, the Exhibition of 1868 has fully demonstrated th indebtedness of Europe to America for very im) inventions and La) geet stretching over the wl ture, mani and the arts. In farming implements, and machines for fitth the rude staples of ulture for the convenient an economic Repethet sells at Whenteine a ered a comparison; and a young nai twenty-five million: which, while still arduously employed ta the clearin, pie ak primitive forests, has found time in half ry to bestow on mankit juch inventions as thos of the cotton gin, the steamboat, the reaper, and th electric ph, need surely neither repress nor cor ceal her a1 to profit by all in the line of pace art or invention, which has been or may be effected others. If the New York Exhibition has shown our ple how to improve any implement or proceas in the of European achievement, that impulse is » nation: benefit of signal and ever-increasing val If the past has witnessed mistakes i the great enterprise now confided to our ye that cumstance} will render our own task easior our su cesses more probable. If it has evra seaey suggestions and illumined for us the path of fat 4 by ti ‘umphs as well as defeats, we shall be able to where our predecessors doubtfully and ly. With your co-operation, and that of the ci Faltons, Whitneys, and Morses, whose triumphs are unachieved or unacknowledged, we to render tt! Crystal Palace the recognized contre of attraction for tk votaries of industry, the devotees of art and the admire: of genius throughout the Western world. effect this, we need the hearty and immodiate c operation of the present exhivitors, both through tl continuance of their present contributions and the intr. Guction of others, as new inventions, new patterns, ne successes, shall render such further aid practicabl While we trust that the exhibition is henceforth perm nently festablished, and that, before many years shr have elapsed, specimens or models of every valuable t vention, eminent work of art, improved fabric, or oth. dustrial achievement, will be exhibited in the Palac a matter of course, we shall yet remember with gratitude, thore friends of the enterprise who wait for its triumph, but stood by it in the days of ¢ periment, and nobly aided to achieve the conquest whi) pate. Aled destined to enjoy, We shall be abke, a we rej in the fact, to accord more desirable posi! and ampler space to new articles which shall be sent Letween this and the lst of May, than it is probable ‘wo shall have at our disrosal thereafter. The earli ay transmission 0% ail articles intended for Kx! tion, at and after re.o,ening, ia agent solicited, Trusting that you ill agree with wa that the