The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1875-01-29
Our Philadelphia Letter.
WHAT AN OBSERVER SAYS.

The London Observer of recent
date, in an able editorial on the Centen-
NAL Exhition, among other things, said:
''When the idea first started it encoun-
tered considerable opposition in the
United States. Gradually, however, it
has commended itself to public favor,
the International Exhibition in Phila-
phis will be national, not State affair.
The Americans hold that their credit is
now concerned in making the Exhibi-
ton a success; and we may be sure that
it will not be the fault of Yankee energy
and hberaity if the show in Fairmount
Park is not the biggest thing yet
known in the way of Exhibitions"
From that day in December, 1773,
when few energetic Yankees made tea
in Boston Harbor, down to this day in
January 1875, American energy has new
er failed in any great undertaking; and
when the skilled labor of American
workmen is placed in contrast with the
most skilful mechanism of Great Brit
ain, at the International Exhibition of
1876, the observer will admit that
American genius suffers no discount by
the contrast.
American energy and iberality is still
doing nobly. Governor Hendricks en-
ergetically says in his message. "The
act of Congress has committed our
country and the people to the celebra-
ton. A failure would cause us national
humiliation. Success will crafty our
national pride, and at the same time
promote our prosperity by attracting
the people and wealth of other countries.
II recommend that you make such pro-
visions as will secure to the people of
Indiana, and their interests, a full and
advantageous representation.
A half dozen other Executives follow
in the same strain, and in the meantime
other liberal subscriptions from New
York City follow those reported by me
last week, as follows:
Brown Brothers & Co., $1,000; Rob
ert Lennox Kennedy, $1,000; Z. Gel
bernman & Co., 1880; J. T. White &
Co., 81, 900; Hains Bacon & Co., So, ,000.
GREAT MONOPOLY.
The Philadelphia & Reading Railroad
Company now own 100, 900 acres of coal
lands, having purchased 10000 acres
during the year 1874 To supply the
funds required for the purchase of these
lands, and the various new works requi-
site to mine and market coal, an issue of
ten millions of dollars, 6 per cent. gold
bonds, was made during the year. This
loan was part of general motgage loan
of sixty million dollars authorized by
managers of the Company.
The net profits of the Company for
1874, were $7,071, ,874.65, out Of which
So, 126, 500. 90 were paid as interest on
the bonded debt Of the Company, and
$3, 70l, ,601.60 as dividends upon the
stock
To monopolize these 1O0,O acres of
coal lands by this Company, requires an
additional expenditure of $3, 900, ,OOO
per annum, which the consumers of
coal, the miners, and the employees of
the Company must meet; the first by an
increase Of one dollar on every ton OF
coal used, and the latter by a reduction
Of labor wages.
am not insensible of the fact that in
the recent 10 per cent. reduction of
wages on all the employees of the Phila.
& Reading, the SO, 500 taken from the
Presidents salary will help to meet this
extra 50, 600, 600, and do hope that the
President of the Company can squeeze
through, or make both ends meet, with
the S3l, 800 per annum still left him.
INSTITUTION.
Albert Dorminator, a poor half clad
dRrkey, who makes fires at police sta
ton houses in this city, was convicted
and sentenced TO 19 months imprison-
ment for stealieg a coat from a man who
died at a station house. Doubtless the
darkey imagined that in the sempiter-
nal home of the deceased coat was a
superhuity, and that here, where polar