 By supplements to its charter the company was allowed to build a railroad to Rockaway (which was done), to construct furnaces, mills, etc., and to increase itscapital stock to $300,000.This is no longer a manufacturing property, but is one of the most extensive and productive mineral properties in the State.Edward R. BIDDLE became the owner of the stock several years after the formation of the company, and by him it was sold to Moses TAYLOR and his associates about the year 1855, for $80,000, which was considered a marvelous price at the time.