Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1877-10-10
General News.
THE STEAMSHIP MAGNOLIA SUNK.

4 New York dispatch of the Bird inst,
states that the steamship Magnolia from
Savannah for New York foundered off
Cape lIatteras. Her passengers and
crew were saved The captain of the
steamer reports that he left Savannah
Sept. y. Wind moderate until the 29th.
when it increased. At 1 A. NJ on the
30th, the vessel was discovered to be
leaking badly. The pumps were start
Ell Immediately, but could not gain on
the water The fires were cXtlngulshed
by the water at A. NJ The passengers
and the crew left the ship at > =. NJ,
with twelve feet water in the hold and
gaining fast They were picked up
about dark by the bark Stralsund, from
Baltimore for Baltic, and put on a pilot
boat this morning and landed here.
They saved nothing but what was on
their backs
The steamer was II POO tons burden,
and worth about 500, 1000; insured
She was loaded with cotton and mis-
cellanenouS cargo of comfortable value,
consigned To New York.
rooR 10.
Washington dispatches of the 18th inst
say that Secretary Schurz visited the
Indian delegation this morning and dis
trbuted silver medals among them. He
SAYS they appeared to be III very good
spirits, and showed no signs of being
displeased with the resul. of their con
fercnces.
AHUGE KEROSENE MONOPOLY.
4 4 Il, p.,l
states that the Standard oil company has
bought out the Conduit oil company
The price paid for the line has not yet
been made public, and none of the
terms have been made known to out
siders. The president of the Conduit
company says the chief reason for the
sale of the line was the violation of n
contract by the Baltimore and Ohio
railroad company. The oil men of
Pittsburg are indignant over the sale,
because it will tend to crowd smaller
dealers out of the market, and make
/ it impossible for them to supply them
selves with crude oil. 1t is said that
/ there is not a receiving tank on the Al
/ lcgheny river that is not now III the
hands of the Standard company, and
/ that the company also has Il monopoly
on the trunk railroad lines. The Stand
ard oil company is now, no doubt, the
I largest oil combination in the United
States. 1t is stated that the Empire
! transportation company, which was
principally managed by Tom Scott and
/ the Pennsylvania railroad, has also gone
! into the hands of the Standard oil com
pany, virtually giving this gigantic con
Germ complete control of the oil mar
kets
TRYING THE RIOTERS.
\ Reading, Pa, dispatch of the 3rd
says the trial ofthc rioters was resumed
this morning. The prosecution called
James Low. George Alexander, and
James Bowman, former employees rs
fremcn and engineers of the Phindel-
phia and Reading railroad, who were
; induced to leave their employment and
become members of the brotherhood
of locomotive engineers. They testified
to Il union meeting beng held ON Sat II
day evening previous 10 the burning
OF the Lebanon Valley bridge in which
suggestions were made that the bridge
could be blown upwith a keg ofpowdcr
agreement to stop trains, but no detinit,
action taken.
THE TENAs PACIFIC JOB.
\ New York dispatch Of Oct. eth say
there is no longer any doubt as to tn,
intention of the Texas Pacific Subsid,
lobby to run Il candidate for speaker O
, the house of representatives. They
have selected their man and made thei
platform, and so into the ti-htwith thci
colorS nailed 10 the masthead. II is
bold strike for Sl5O,0000tO Of the PEG
plies money. The candidate selected i
Goode, Of Virginia.
COLORADO ELECTIoN.
\ Denver dispatch of the 5rd inst
states that returns from Yesterday
| elections are very tardy and mcagrc