The Forest Republican. [volume] (Tionesta, Pa.) 1869-1952, 1874-07-01

=. M. CLARK, Sec'y.
-Workmen are>busily engaged in
framing the new and large mill Of
Collins & Holbrook, which is to be
erected at Lacytown this season. From
one of the men engaged on the. work
we have the following facts in regard
to the structure: The dimensions of
the mill will be S5x12o feet, and will
have all the newest and, best machine
~ for manufacturing and finishing
lumber of all sizes and grades. Lum-
so feet long can be sawed with perfect
ease. The mill will he run by water,
and to this end the dam will be rebuilt
in permanent manner. 1t is not TO
be supposed that all the machinery of
the mill will be kept constantly run
! ming, but the proprietors propose to be
prepared to do all kinds of saving
and manufacturing that may be re-
quired on short notice. A good por-
Iion of the lumber made by this mill
will be ill.stufs and will probably be
hauled to this point and shipped by
rail- In this connection, we have un.
derstood that Messrs. Collins & Hol-
brook are to build road to follow the
Greek from the mouth to Lacytown.
To do this there will have TO be about
two miles of road made, commencing
at the property now occupied by Miss
S. A. Dale, and coming out at the
Oldtown school house. When this is
done perfectly level road will be
had to AMI from the mills. The build.
ing of the mill is under the superin-
tendence of JAS Gilfillan who is said
to be one of the best miil-wrights in
the country The proprietors intend
having the mill ready for business be-
fore winter sets in. They have very
large tract of timber land, and the
probabilities are tlat their investment
will prove profitable one, especially
as both the proprie;ors are old and
successful lunlbermcn.
The President has signed the Com
, promise Finance Bill, which provides
!, for a redistribution of the Nationa
Bank currency, and releases the re
serve currency which National Bank
have heretofore been requir, by lay
q to keep in their vaults. The act pro
r vides that So, 900, 900 national banl
currency shall be withdrawn iror
those States having surplus over tn
amount provided in the National banl
~ Act, aud redistrihuted to those State
" aud Territories which have not thei
proper share OF this amount $50
u 100000 only can be withdrawn durin
,, ,, the year ending July l, 1875. TIL
II New England States and New 1or
Dc vii! lose nearly the total amount to b
n redistributed, and all the Western an
is Southern States will receive the benef
< thereof The release of the reserv
s. heretofore held by the National Bank
will be the only increase Of the GU
v. rency. .......
Al The Library Festival passed o
or as announced in last weeks issu
= Contrary to the general anticipation
of all concerned, the attendance Wa
K not very large. However, most (
y, those who attended express themselvC
g. as having enjoyed the occasion exter
ct sively. The result, financially, was
fund clear of all expenses, Of nearl
o. 500, which was ordered to be investe
n until enough more is added to purchai
IN the first installment of books. AT ii
IL called meeting of the Society on Sa
urday evening last, vote Of thanl
re was rendered to the Commissioners f
in the use of the Court House; also
er Mr. Robinson, and others outside
!" the society who aided in getting U
We the festival aud making it a success.
at Horses and Cows for sale. Orde
IS from distance solicited.
ST ID, G, HUNTER, Tionesta, 7