Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1874-05-28
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NV YORK, MAY 22.-Ihere Is u con-
tinued heavy decline here and abroad IN
Central Pacific bonds, and exeites much
speculation as to the cause. The e1pla-
nation acceptable as most plausible Is
the Iumor, which no one tries 10 enee'-
ually contradict. that the California IA
eitic will default in its interest soon Que
This adds to the growing distrust IN
everything controlled by the Central Pa
cifc managers. Another explanation,
which makes less impression. attributes
the decline to the sale by the city oil
Geneva of $500. 600 Central bonds, be-
queathed thereto by the late Duke OF
Brunswick. The fall in Union Pacific Is
accepted as the natural result OF the Gen.
trail decline.
WASHINGTON, May 22.-The House
Committee on the Pacific Railroads had
arranged to meet this morning to hear a
statement of Central Pacific Railroad
officials in opposition to Luttrell reso-
luton for an investigation of the transac-
tons of that corporation and 'he Con
tract and Finance Committee, put no
meeting took place, the chairman having
received a telegram from President hunt
ington yesterday afternoon saying tnat
the representatives Of the railroad would
not be able to appear to-day, but hoped
to be able next Friday. Huntington VIII
be notified in reply that the company
answer to Luttrell's argument must be
submitted next Friday.
Williams, of Michigan, or behalf oil
this committee, will seek an opportunity
tomorrow or Monday TO bring before
the House for action the bill recently
reported from the committee competing
the Pacific railroad companies to sci
aside annually five per cent. OF their net
earnings for the payment OF interest al
yanced by the Government on theil
bonds; also the bill relating to the Union
Pacific Railroad Company and the omahi
bridge.
CHICAGO, May pa Washington
special says: Before the District lnves
tigating Committee this morning one
Rhinehart, contractor, testified thai
one-half of the profits of his contracts
were to be divided between DC. Forney
of the Sunday Chronicle of this city, ant
S. p. Brown. Brown at the time was
member of the Board of Public Work.
and was to secure the awards.
A Washington special says 1t IS re
ported that the Civil Rights bill be lai'
} aside for this session. 1t will, however
I pass the Senate. -,
r WASHINGTON, May %. - The bi
amendatory of the mining law OF May II
1872, passed the Senate to-day. 1t mere
| ly extends until July l, 1915, the tim
: for the first annual expediture require
on mining claims created prior to Ma
10, 1872.
PORTLAND, May 81. - Continued re
ports from the Cassiar mines repoi
q them as limited in extent. A gentlema
Just returned from the mines says tn
country in that region is the widest an
: most barren be has ever laid his eyes OF
5 being nothing but vast region OF vo
canic rock and intervening swamps an
high mountains. He believes one-ha
of the men already there may be able
obtain money enough to bring thei
home and some few may probably su
e coed in making raise, but as mimi
country it is a failure.
SALEM, Or, May 23.-The 1ndepen'
!, ents of Macon and adjoining countie
: held grand rally and basket picnic
Marion Square to-day. The assemb
was addressed by Judge Boise and Z.
= Sullivan of Polk county. The crowd
:, attendance was estimated at l,5OO. III
n procession, consisting of perhaps Of
n hundred wagons and other vehicle
=, formed in the early part of tho day an
d proceeded by brass band, march'
n through Commercial street to the groN