Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1873-11-06

EASTERN DISPATCHES,
(srro,AL 70 TEE ooID NIL nAnr srw..]
o N Esrlo iNIELLIcEnc s
American Missionary Society.

D o m ESTlc thIEllicE hce
American Missionary Society.
NEW YORK, Nov. 8.-At the session
OF the American Missionary Society Ii
Newark yesterday, a letter was re
from Vice President Wilson,
expressing regret that his physician
forbade him keeping his promise tt
meet with the society and enclosing
liberal donation.
Donation to Memphis Sufferers.
Nearly a thousand dollars YER do.
mated to Memphis sufferers at the elec
tion In Brooklyn on Tuesday.
foundation OF st. Petersburg.
Foreign papers received contain
some particulars Of the inundation o
st. Petersburg BY the orerflowing o
the Neva. October II. The weather
had been unusually warm during the
day. At sunset 1t became evident thai
a storm was approaching, and toward
z 1t blew a hurricane. The water rose
rapidly and the lower parts of the
town were completely flooded
BY 2 o'clock A. NJ, the watel
was almost 10 feet above tho usual
hight, so that 1t flowed into many
streets which had not been submerged
since the great i%nundation Of 1924
Some Of the thoroughfares were liter
ally converted into rivers. Trees ir
the public gardens were broken or up
rooted ; ships In the river were tori
from their anchors and thrown sgains'
floating bridges. all Of which were
more or less damaged. Telegraph
communication was suspended, many
posts being thrown down and wires
torn away. At the extremity Of Vas
silie Astroff several coasting ships
fioated into the streets. The wooden
pavement was destroyed, fences car
rled away, chimneys thrown down ant
roofs torn of. The poor people wers
panic stricken and many were obliged
to abandon the little property they
possessed, being only too glad to save
their lives. Some were taken of In
boats. The Geological Gardens were
completely under water, and the pro.
prietors had great difficulty in saving
their animals. The effects Of the storm
were felt for many miles around St.
Petersburg. There were no less than
four fires, and tho head police master
was at his wits end. as II disaster af.
ter another was reported. Soon after
two o'clock the wind veered to the
north and the current being no longer
impeded the water fell rs rapidly as il
had risen. The loss of property is i'm
mense, but 1t Il believed at st. Peters
burg no lives were lost.
OF the California and
Texas Construction Company.
CHICAGO, November 6.-TlIe Times
Washington special has the following
In regard to the troubles Of the CAL
ifornia and Texas Construction Com.
pany The Construction Company
it necessary to issue paper In
anticipation of the negotiation In
London Of $40. 900, 900, Of bonds OIL
the Texas Pacific Railroad, which ne
.gotiatlon they regarded as good as
completed, Thomas A. Scott having
conducted 1t to a successful issue. Sc
near completed was it that the con
tract in London was drawn up and
agreed to for $40. 900, 900 and option o.
$40, 600, 900 more, and signatures were
only wanted. Before, however, they
we're affixed the news Of the unex'
pected failure of Jay Cooke & Co.,
and OF our panic reached London
and the whole negotiation was upset
This paper OF the Construction Com
pany bore the individual Endorsement
of wealthy members Of the company
like Thomas A. Scott, j. Edgar
Thompson, Matthew Baird. Samuel L,
FELTON, and others, who each Endorsed
a certain amount Of paper. That on
which j. Edgar Thompson's name ap-
peared vas paid, but that bearing
Thomas A. Scott's vas not. The Con
struction Company had a capital Of
ten millions, Of which nine millions
had been subscribed for aud on which
latter six million In cash had beer
paid up. The company has expended
one million in building 40 miles o.
road, of which 300 are entirely com
pleted. Not a single bond had beer
marketed, n policy OF Mr.. SCOTS be
Ing not to begin the sale Of bonds un'
til ten millions In actual money hat
been laid out In work. Had the Lon
don negotiation been carried there
would have been no trouble. As 1t II
all the losses fall on wealthy people
either interested in building the roat
or In the way Of having bought tin
Construction Company's paper.
The Pcnnsylvania Railroad.
An effort has been made to damage
the credit Of the Pennsylvania Rail
road Company, OH account of the pro
test Of Nj. SCOTS paper. There Is nj
connection between the companies. l
1, not known that the semi-annual div
idend Of the latter will be paid, bu
those who ought to know say that |
will. and that the company has tn
whole month Of November to decide
the matter, without departing from
previous custom.
WESTERN DISPATCHES