The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1875-06-28
From New York.
no RAILROAD CHANCES.

NEW DIRK, June ".
Contrary TO the general expectation, the
close of the railroad war has not brought
about any change in rates for fare or
freight by the trunk lines. Regarding
freighis this is accounted for on the ground
that there is now 80 little to be carried that
were the roads to put up rates, shippers
would all forward goods by canals. Their
expenses being 80 much less than those of
railroads, there can be no competition be-
sides this, fully three-fifths of the freight
for Chicago and other western terminal
points have been contracted for by the
shippers, expiring September 1.
The reason fares have not been advanced
is probably owing to want of confidence
among the railroad people. Thinking
tickets would advance, outside ticket deal
ers laid in large stock of low priced tick
els. Much to their surprise, however,
nothing has been done by the trunk com
panies and their tickets are still on their
hands.
TREASURER spINNER's SUCCESSOR
A Washington dispatch says Mr. New
arrived Friday night and will take charge
of the treasurer's Office on the 1st of July.
lie has been persuaded not to withdraw
his acceptance of the appointment, but he
takes his Office very reluctantly.
GENERAL RAILROAD PROSPERITY.
From advanced sheets of "Poor's Rail-
road Manual" ii appears the gross earnings
of all roads in the United States reported
last year, which was year of depression,
amounted to only $5,953, 600 less than the
previous year, while the net earnings in
creased So, 700, 009, which shows a saving
in operating expenses of 1,7t4,0O0. The
amount of dividends was nearly equal to
three and half per cent. The fact shows
the wonderful capacity of our roads in hard
times. With good crops and fair fall
trade there will undoubtedly be a great re-
cuperation in railway property. In the
stock exchange this report caused buoy
ancy in railway shares.
PACIFIC MAIL.
1t was reported that the Pacific Mail
company have been offered 100000 for
their old side-wheel steamers, for which
they have no use at present
SILVER DISCOVERY.
A San Francisco dispatch mentions the
discovery of silver mine near Pannamint,
of large lode forty feet wide, carrying
ore worth as much as 1920 per ton. This
property belongs to Senators Jones and
Stewart.
in GENERAL.
Another hot day in New York
There was one fatal sunstrokc in New
York yesterday.
Tweed is reported to have been allowed
a three hours ramblc up town on Wedncs-
day.
RAILROAD MATTERS.
The earnings of the Union Pacific rail-
road company for the first twenty-five
days in June were S7lS,005 increase,
$l7S, 1862, or equal to 80 per cent.
The Chicago, Rock Island & Pacific
railroad give notice that they are giving
checks for the same dated July 1.
LENGTHY REPORT.
The daily verba' i'm reports of the trial of
Beechcr in one of the morning papers has
consumed 1910 columns.
BEACH CoMpLIMENTED.
A letter signed by large number of the
leading lawyers of Troy has been addressed
to Hon. VIM. A. Beach, Tiltons counsel,
congratuating him on what they term bis
able presentation of his clients case against
| Beecher. 1t commits none of the signers
| to any view of the case.
THE LOSS OF THE sARANAO.
The details of the loss of the frigate
| Saranac show that when she struck the
rock she carecned over but righted in a few
moments. Her iorehod filled with waiel
but she fortunately was successfully run OF
to shelving rock where she staid Ions
enough to allow the crew and officers t.
get ashore. In an hour she settled by thu
stem, slid off, and sunk in sixty fathoms
| The men and officers were taken from Val
deg island, where they had encamped a
the foot of Mount Solo for fresh water ant
where they lived five days on fish and dee
brought in by the Indians. They wer'
taken by the British steamers Myrmidol
and Otter and conveyed to Esquimput
The officers and crew of the Saranac vii
return to San Francisco upon the arrival o
the United States steamer Bcnicia, now OF
her way to their relief.