To complete our record, we give below a table showing the price of middling aplands at New Yerk and Liverpool once a week during the last two years : Prices of Cotton at New York and Liverpool two years.

This road extends from Cleveland to Toledo, 112 miles, forming a link in the great lake-shore line of railroads from Buffalo westward. A lateral line also extends from Cleveland to Sandusky, 60 miles. Until last year a section of the Cleveland, Columbus and Cincinnati Railroad, from Cleveland to Grafton, 25 miles was used by this company, but the new line between Oberlin and Elyria having been opened on the 10th September last, the use of that road was discontinued.

The fiscal year of the company closes on the 30th April.

The stock of engines and cars on the road at the commencement of 1862-63, and at the close of each succeeding year was as follows:

-not including working and gravel cars.

The operations on the road yearly are shown in the statements which fol

The earnings and expense accounts yearly for the last five years are thus re

ported:

34,791,292

44,328,972

61,206,114

$2 41

$2.63

$2.35

1866-7. $937,129 15 1,415,444 97

Mail...

-797,000 44

907,206 42

25,819 98

25,849 98

25,000 00

Express...

70,219 18

82,249 39

113,790 77

Besides the dividends above noted there was paid in August, 1864, an extra 10 [er cent. dividend ($491,326) from accumulated surplus income.

The results of the business of the company from September 1 1853, yearly to April 30, 1867, are given in the following summaries. The receipts and expenses have been as follows:

The disposition made of the earnings less expenses (profits) in each year, is

Since the commencement of operations eighteen dividends have been paid on the stock of the company, being 93 per cent. on the issues at dates, and amounting to $3,838,466 62. The balance to credit of income at the close of 1866-67, amounted to $640,944 12.

The financial condition of the company, as exhibited on the yearly balance sheet (made up to June 1), is shown in the following statement:

The following is a comparative statement of the bonded indebtedness of the company as given in their last five annual reports:

The market value of the company's stock, as indicated by sales at the New York Stock Exchange (lowest and highest in each month,) is shown in the following compilation from the records :

The range in July and August, 1867, was 1191@126, and 1214@127. The contemplated consolidation of the company with the Cleveland, Painesville and Ashtabula Company has had a very favorable effect on their stock.

PUBLIC LANDS OF THE UNITED STATES.

(Concluded from page 216, vol. 57.)

LEGISLATION IN REGARD TO MINERAL INTERESTS.

The mineral interests in the public lands have been the subject of legis lation during a period of eighty-one years. The ordinance of 20th May, 1785, reserved one-third part of all gold, silver, lead, and copper mines the act of 3d of March, 1807, dealt with lead mines; the enactment of 3d of March, 1829, authorized their sale in Missouri; the pre-emption act of 4th of September, 1841, excluded from its provisions known salines or mines; the act of July 1, 1864, requires coal lands, which, as mines, are excluded from the pre-emption of 1841, to be offered at twenty dollars minimum, making them pre-emptible at that rate.

In the case of the United States vs. Gear, 3 Howard, 1845, it was held that it was not intended to subject lead mines to ordinary sale or preemption in certain districts created by act of 26th of June, 1884.

In Attorney General's opinion, dated April 18, 1846, respecting mineral lands on Isle Royal, in Lake Superior, it was stated that "salines, gold, silver, lead, and copper mines" were reserved for "future disposal of Congress."

The act of July 11, 1846, required the lead mines in Illinois, Arkansas, Missouri, and Iowa, to be offered, interdicting pre-emption until after offering, and then at a minimum of $2 50 per acre, but if not taken at private entry within a year of the public sale to be subject to sale as other lands.

The act of 1st of March, 1847, in creating the Lake Superior district, and directing geological survey, authorizes the sale of lands containing "copper, lead, or other valuable ores," with $5 per acre minimum.

The act of 3d of March, 1847, for organizing the Chippewa district, Wisconsin, and also authorizing geological survey, awards the privilege of purchase, at $5 per acre, to occupants at the date of the law, the super

vision of mines, by act of 3d of March, 1849, having been transferred to the Secretary of the Interior.

In opinion of 28th of August, 1850, the Attorney General held that lands containing "iron ore merely" are not the "mineral lands" referred to in the 2d section of said act of 1st March, 1847.

By the law of 26th of September, 1850, mineral tracts in Lake Superior and Chippewa districts were to be disposed of as other public lands.

The act of September 27, 1850, creating the office of Surveyor General of Oregon and making donations, excludes "mineral lands" or reserved salines. By the treaty of 1851 with Peru, Peruvians are allowed to work for gold in California; the third section of act March 3, 1853, for the surveys in that State, allowing only "township" lines to be extended over lands mineral or unfit for cultivation; the sixth section excepting mineral tracts from pre-emption.

The act of July 22, 1854, establishing the offices of Surveyors General of New Mexico, Kansas and Nebraska, excludes from the privileges it concedes to individuals " mineral or school lands, salines, military or other reservations."

The Attorney General's opinion of February 14, 1860, states that Congress had not then made any provision concerning mineral lands in California, except reserving from pre-emption and donation.

The act of July 1, 1864, for the disposal of coal land and town property, allows coal lands not liable under past legislation to ordinary private entry to be taken or pre-empted at $20 minimum per acre.

The act of July 4, 1866, giving authority for varying surveys in Nevada from "rectangular form to suit the circumstances of the country," reserves from sale "in all cases lands valuable for mines of gold, silver, quicksilver or copper."

The last and most important expression of the public will in these respects is found in the act of Congress approved July 26, 1866, chapter CCLXII, which declares that "the mineral lands of the public domain, both surveyed and unsurveyed," are "to be free and open to exploration and occupation by all citizens of the United States, and those declaring their intention to become citizens, subject to such regulations as may be prescribed by law," and "subject also to the local customs or rules of miners in the several mining districts, so far as the same may not be in conflict with the laws of the United States."

In the second section it stipulates "that whenever any person or association of persons claim a vein or lode of quartz, or other rock in place, bearing gold, silver, cinnabar or copper, having previously occupied and improved the same according to the local custom or rules of miners in the district where the same is situated, and having expended in actual labor and improvements not less than $1,000," such claimants, where there is no conflict, after filing in "the local land office a diagram of the same," according to local laws, customs, and miners' rules, can "enter such tract and receive a patent therefor, granting such mine, together with the right to follow such vein or lode with its dips, angles, and variations to any depth;" the other sections of that law prescribe with speciality the mode of consummating individual rights; also in reference to conflicts; in regard to the right of way; to the priority "of possession;" of rights to the use of water for mining, agriculture, manufacturing, or other purposes; to