Colombian Mining Associat...
in alfnition to the loans to the Republic of Colombia, the ations of ouir merchants and capitalists with that countrv ve beeri further strengthenied by the formationi of;a corn. ny for wvrking the mines wvith which it aboundis, the arcst in which wvere introdluced into the moneyz-niarket on turday. Thecapital of this Company is fixed at 1,0oo,oool ling, dividledl into *10,000o hares of 1001. each, the sub- ptios eten lvhieh,SO far fron creating any. difficulty from eX etent lavebeen sought after vvitlh avi(lit-y, atid couald been filled to a far grcater aniount. It appears by a spectus the directors have issued, that the principal ies of the Republic of Colombia are found in that por- on of It kVown under the- Spanish GoYernntent as the aceroyalty of Neo Granada. Those engaged on the ~rt fthecompany are four in number, situated in Afaria to, anid are the property of the Colombian GoVernment) o have grantet leases of them to the merchants by whom is asseciation has been fornted. iMariq-dita is distant Iy six leagues from the i.tagdelena, by Vvhich river iSna- inerT lnav'consequently be conveyed to within that dis, nee. fiechiefdrfiLultyanticipated by theconducwors of this dertaking is a scarcity of labourers, but scientific andl acticalsuperintendents have been sent out to commence he working of whose arrival on the Ulblombian coast intel- Igence has been already receivea. The mines are to be cnder the entire managemert of the association, and neao- iat3ons are in progress for securing other mines of gthl, ilver, andl copper, inY Colombia. One main reliance for the access of the undertaking is on tle alvantages it is hoped vil result from the applieation of British skifi, machinery, nd expe ietice, to niaes hitherto but partially worked, and der greatdiffiu tiesand obstructions.The methodtshitherto ractised in Columbia, of reflining the ore after cxtrac- ion from thenines, art believed to be susceptible of great frlPOvefnent. TbA.e facts, it shoiuld be observed are col- ected frorml tho statemenlt circulated by the managers of is lto*ler aking, in which, however, we detect no disposi- o o dnfiare the public avility for similar projects, by -.crating the benefits expected to be derived from it. (Iletst of directors under wlhose superintendence it will be laced daring the first five years, is higlily respectable. COLOMIAINI MtINING ASSOCIAPtOVX. n mm -_