AMERICAN RAILROAD JOURNAL. 1001 ence, which is saved to the consumer, is the chief advantage which the company offers to its stock- holders ; but the profit on the coal sold, will fur- nish satisfactory dividends. To secure, beg/and ,rpera(Zvemfu.re, the advantages held out to the purchasers of the preferred stock, the Directors engage that no coal shall be deliver- ed on the stock issued to the projectors of the company, until the whole amount due to the holders of the pre_fe7'7'ecl slash shall have been delivered, and until enough coal shall have been sold in the market to pm; seven per cam‘. ammal al-ividend on the par value of the _ymgfer9~ed stock. This arrangement will leave forty-five thousand tons of coal, which may be sold to pay dividends, amounting to only $13,000——requiring a profit of less than thirty-five cents per ton; less than one-fifth of what may be reasonably expected. It is believed that the cash dividends would be much more than seven per cent Dr. J. P. Kimball, Mining Engineer, says of the quality of coal of this colliery: The anthracite of the Mammoth Seam in the Ashland basin is a dry, hard and dense variety, of a deep black color and splendid lustre. Its frac- ture is semi—conchoidal-—a test of -great purity and homogeneousness. In specific gravity and composition, it greatly resembles the best stand- ard Lehigh coal. It is practically free from sul- phur, and burns to a white ash. a superior as an anthracite for blast furnaces, and is commended as a steam-generating anthracite- burnirrg freely, and igniting readily. The divid- ing slate separating the two benches is so clearly defined, and its subordinate courses of slate are so few and insignificant, that the coal is prepared for market uncommonly free from this a.dmixture. The Overland 'I‘ruction Engine Co. of N. Y. Among the many projects which are now being agitated for facilitating the mining operations of our westefn Territories, and for quickening and cheapening the communication between the cen- tre of this great region, and the rivers and rail- roads of the Missouri Valley, not the least import- ant is that of placing a line of steam Traction En- gines and Trains on the Plains, between certain points on the Missouri River and the Rocky Mountains. Engines of this description have been used for several years. In England they are quite exten- sively adopted, not only for agricultural purposes, but for hauling the heaviest loads in the dock yards, and great numbers are now constructed in that country for Australia. I Successful experiments have also been made with alight class of such engines, both in Eng- land and on the continent for the carrying of per- .sons, and a rate of speed has been obtained on good roads, exceeding 20 miles per hour. So far, however, their use has been confined to local purposes, and it is only within a very recent’ period, that attempts have been made to introduce them on long routes like the one in question. The great difiiculty in the way has been the sup- ply of fuel. The ordinary engines in use, have been unable to carry any useful load for consider- able distances, unless supplied with fuel at fre- quent intervals. And the adhesion of their wheels upon the ordinary roads, has borne so small a proportion to the great weight of the engine, and to the power it ought to exert, that they have not been able to haul the loads. due to their power. The stereotyped plan is a boiler similar to that of a locomotive, mounted upon four wheels, the two rear wheels being the drivers, and the for- ward wheels serving to steer the engine; The rear aisle is fixed. While the forward one turns upon all It has scarcely king bolt, the whole arrangement being precisely like that seen in any ordinary wagon. Two cylinders are applied to a crank shaft from which endless chains running over proper pullies give motion to the driving wheels. Having but two cylinders they are applied to the same shaft in order to avoid any dead centres, and consequently bothidriving wheels must move at the same speed, no matter how sharp a corner it may be necessary to turn. One wheel must ne- cessarily slip, and it therefore becomes impossible to provide any additional means for obtaining ad- hesion, unless the engine is confined strictly to a straight line. About one-third the weight of the engine is placed upon the forward wheels, so that the traction power of such an engine is limited entirely by the adhesion due to two-thirds the weight of the engine, resting upon two smooth wheels, and it makes no difference how much power there may be exerted in the cylinders, the engine can haul no more load than its adhesion upon the road will permit. The additional_ power exerted serves simply to slip its wheels. A great improvement in the construction of these’ engines, has been made in this country by Jesse Frye of Brooklyn, and the value of his in- ventions has been practically demonstrated by the performances of an engine, of about 22 tons. In F1-ye’s engine, all the wheels act as driving wheels, forward as well as rear the power being communicated to the former at all times, no mat- ter how much they are turned from their normal position in the process of stearing. Each wheel is driven by two cylinders, and therefore they are entirely independent of each other. No slipping being necessary in passing a curve, additional means of adhesion are applied in the shape of cogs or corrugations on the tread of the wheels, which enter the surface of the road slightly and grasp it so‘ that adhesion to. the full extent of the power of the cylinder is obtained. Thus is an engine of given weight, made to do a duty twice or thrice as much as is performed by an ordinary engine of the same size. The Overland Traction Engine Company of this city, has been organized for the purpose of placing Frye’s Traction Engines and Trains, on the various routes between the Missouri River and the Rocky Mountains, and is now constructing an engine of 32 tons weight, with a train of wagons which is to start from Nebraska city as soon as completed. These trains are to be multiplied as fast as pos- sible. From the actual tests made with the engine completed, no doubt is entertained that the new onewill easily transport a net load of 200 tons of freight" across these plains to Denver city, a dis- tance of 600 miles with a consumption of coal less than 100 tons. Until within a very recent period, such a performance would have been im- possible, simply for the reason that the engine has capacity to carry only a supply of fuel for 20 miles, in addition to such a. load of freight. Coal, however, is now found near the city of Denver in unlimited quantities, and as the con- sumption of coal for the round trip would be less than the engine can haul, it can be brought back and distributed at proper intervals on the return trip. Paying freight _will be hauled West and coal brought -back. The company has taken hold of this matter in earnest; thorough survey of the routes has been made during the past summer by A. P Robinson, Esq., civil engineer. , He reports that a. route may be followed for the entire distance, upon which the inclinations need not exceed 3 feet per 100 in any case, and that with the exception of the construction of three or four small bridges and the filling of a few unim- portant ravines, very little expenditure will be re- quired. The transportation across these plains is enormous, and is increasing almost beyond belief. In 1864 from actual returns kept at the various points from which trains are sent it, is reported at about 80,000,000 pounds. For the year 1865 the which it is known is yet to go forward will make a grand total of 200,000,000 pounds, and all this is hauled by cattle and mules requiring from 40 to 60 days’ time. The rates are about 15 cents per pound which would show that the expenditure for transporta- tion across the plains this year,would reach the en- ormous sum of thirty millions of dollars. The rail- road is needed to-day, and will come in due time, but at least ten years will be required to reach the mountains. _ In the meantime this magnificent traffic is open for the Traction Engine. The entire expense of the round trip, cannot exceed $5,000. _ Two hundred tons of freight would at 10 cents per pound yield a profit of $35,000. The engine can run night and day at a speed of 5 miles per hour, crossing easily in 6 days. It is the intention of the «company as soon as their freight trains are established, to place on the route a. class of light engines for passengers and express packages, which will run at about twice this speed making the trip in 3 days. The present stage coaches require 6 days. The establishment of such a line of freight and pas- senger engines across the plains, would defy com- petition by anything except a railway. Until the Pacific Railroad reaches the mountains the Trac- tion Engines must rule, and tliere-offers a pros- pect of profits in their operation, during the in- termediate time which hardly any of the great projects of the present day can equal. Baltimore and Ohio R. R. The regular meeting of the directors of this company was held in Baltimore on the 11th inst-. J. W. Garrett, Esq., President in the chair. After action upon the reports of the Committees of Transportation and Construction, the C_onnnittee of Finance reported the following resolutions which were unanimously adopted: Resolved, That a dividend of four cent. be de- clared on the stock of the Main Stem of the Balti- more and Ohio Railroad Company, payable on and after the 23d October, instant, at the Mer- chants’ Bank of Baltimore, and that the transfer books he closed on the 12th instant and remain closed until the 23d instant. . Resolved-, That the United States tax be paid by the Company. Resolved, That a dividend of five per cent. be declared on the stock of the Washington Branch Railroad, for the half year ending 30th September last, payable on and after the 16th October, at the Merchants’ Bank of Baltimore. Resolved, That the United States tax be paid by the company. In connection with the financial condition of the Company, the President stated that the expendi- tureswere still very large, the, force of employees being larger than at any former period. and 110W accounts of freight already sent, added to that_