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and some forty or fifty years, and no heir ever has por ever will in all probability, appear to claim them. To whom do these heirless treasures belong ? Not to the trustees of these institutions, for they are abudantly paid for the care bestowed upon their management. Not to the other depositors, for they can claim only their own. They belong of right and by the law of the land to the public treasury, upon the principle that the State is heir to the beirless.
Should not the State claim its own? Is anybody wronged by it? Are anybody's rights invaded? If it is asked, What if the heirs appear to claim the inheritance ? is not that inheritance as safe in the hands of the State as in those of the trustees? And will not the State be as ready to restore it to the rightful beir as the trustees will be? And see what good could be done with this million. These unclaimed deposits were made as we said, by sailors, soldiers, servant men and women, and laboring poor people. Let them be applied for asylums, schools, and hospitals for the poor, the class that furnishes them. In this way the duty and the interests of the State will be served, the right thing will be done, and no man will be wronged. There are other matters connected with some of these “philanthropic institutions" which the legislature should understand, and which the people should know, but of wbich this may not be the proper time to speak.
JOURNAL OF DISCOVERIES AND IMPROVEMENT IN THE ARTS.
From the Mining Magazine.
. The preservation of iron from oxidation or rust, for a series of years engaged the attention and taxed the ingenuity of practical and scientific minds, and a variety of processes had been suggest. ed and tried without producing satisfactory results, as none were found to stand a test of time when exposed at the same time to the destructive influence of atmospheric changes. The researches of Sir Humphrey Davy, in 1824, at length threw a new light on this important subject, and the concurrent testimony of Brande and Faraday, of England, and Professors Morse and Henry, of our own country, backed by the acquired practical experience of thousands of consumers, have long since established the fact that iron prepared by what Davy termed the "galvanizing” process, is
entitled to take precedence of all other metals, for the several uses to which it may be applied. The French Marine Commission have recommended its use in the French Navy, and J. W. P. Lewis, Esq., an accomplished engineer of Philadelphia, who speaks from actual observation, and careful notice of the results of several experiments made on galvanized iron, fully coincides in the views taken by Brande and others, that iron, when galvanized, is fully protected against rust, and we hope ere long to see it universally adopted in every section of the country.
The principal establishment at present engaged in its manufacture is that of McCullough & Co., who, in 1847, erected works on an extensive scale, at North East, Cecil county, Md., on the line of the Philadelphia, Wilmington, and Baltimore Railroad, for the manufacture of all kinds of sheet and flue iron. They have also just completed an extensive rolling mill in the same county, on the Big Elk Creek, about two miles from Elkton, Md., operated by water-power, with a fall of over twenty feet. The fly wheel of this mill is over twenty feet in diameter, weighs 40,000 pounds, and is capable of making ninety revolutions per minute, The rolls are thirty-six inches in length and twenty-four ir diameter, and are calculated expressly for the manufacture of the gal. vanized sheet iron, for which purpose these new works were designed. The sheets are rolled from the best charcoal blooms, and have been found far superior to the English make, as they will work into many articles for which the foreign will not answer, being too brittle and not suitable for flanging or seaming, as practised in metal roofing, being liable to crack or break by that pro. cess, and consequently making the roof imperfect; whereas the iron from McCullough & Co.'s is so malleable as to entirely obviate that objection. It is seamed on in the same way as tin, and is now being very generally used in place of the latter, being cheaper and more permanent. The foundry of Mr. Huston, as well as many others in this locality, and the Farmers' and Mechanics' Bank in Chestnut street, Philadelphia, are roofed with corrugated sheets of this material, which for beauty and durability cannot be excelled. The iron is first rolled at the works, and then sent to their establishment in Wilmington, where it is galvanized and prepared for ihe market.
(Prepared expressly for
Statement showing: No., Names, Location, Capital, Stocks
filed by the
Names of Banks.
Bank of Connersville.............. Cennersville,
Lafayette, Indiana Stock Bank
Laport, Plymouth Bank .............. Plymouth, Drovers' Bank ....
Rome, Public Stock Bank ........... Newport, Bank of North America ......
Newport, State Stock Security Bank..... Newport, Traders' Bank ................ Indianapolis, Western Bank ............
Plymouth, Canal Bank ........
Evansville, Fayette Co. Bank ........
Connersville, Northern Indiana Bank..
Logansport, New York Stock Bank ..
Vincennies, The Bank of Indiana ......
Michigan City, Elkart Co. Bank.......
Goshen, Steuben Co. Bank ....
Angola, Crescent City Bank.......
Evansville, Indiana Bank.........
Madison, Central Bank ...............
Indianapolis, Bank bf Albany ..........
New Albany, State Stock Bank.........
Jaines town, Bank of Covington ...........
Covington, Great Western Bank ..............
Terre Haute, Bank of Rochester ................
Rochester, N. York & Virsginia State Stock Bk
Wabashi, Perry County Bank........
Cannelton, Wayne Bank........
Richmond, Farmers' Bank.............
Westfield, Traders' Bank. ................. Terre Haute, Kentucky Stock Bar
tock Bank............ Columbus, Farmers & Mechanics' Bank .....!! Indianapolis,
300,000 300,000 200.000 300,000 200,000 300,000 500,000) 200,000 250,090 100.000 250,000 200,000 100.000 250,000 300,000 200,000 500,000 500.000 200,000 500,000
50,000 500,000 500,COG 250,000 500,000 500,000 150,000 600,000 500,000 500,000
500,000 500,000 300,000 500,000 200,000 500,000 200,000 300,000 500,000 500,000 200,000 100,000
$834,875 200.300 91,770 50,000 207,340
80,600 208,000 214,086 102,558 102,348 55,162 51,844 121,314
60.030 100,000 137,566 100,C65 70.000 81.250 100,000 119,000
50,000 320,000 150,000
72,098 68,400 323,000
86.073 347,000 155,000 139,000 170.000 236,000 114,000 120.900 144,492
90,000 110,000 51,623 49,985 195,000
73,000 100,000 87,152 49,998 35,496 50,000
deposited, Notes issued, and Description of State Stocks, Free Banks.
Total Cancelled. Circulation.
Desc:iption of Stock.
$517,681 Indiana 5 & 26 per cents. Ohio 6 per cents.
77,337 Virginia 63, Michigan 6s, Indiana 5s, Missouri 6 per cts.
71,320 Indiana 5 per cts, Virginia 6 per. cts, Louisiana 6 per cents.
49,798 Indiana 5 per cents.
50,000 Indiana 5 per cents and Missouri 6 per cents.
90,000 Indiana 24 and 5 per cents.
73,000 Pennsylvania 6 per cents and Indiana 5 per cents.
(Prepared expressly for Statement showing No., Names, Location, Capital, Stocks
filed by the
Names of Banks.
State Stock Bank.................
Note. The Pennsylvania 5 per cents, are received for a basis at The State has and will be purchasing this class of Stocks at 62 for liguida and will soon return a larger amount.
Many of the Banks are retiring their circulation, and since this was made out, is going on.
Note. Copied from Supplement to