davidaulloa/AmericanStories huggingface dataset:
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04
PRODUCE.
New York.

NBW 1ORBt MAy o.-OyLlOu-Ouli ~
lOsc. Flour-Heavy except Minnesota,
which is higher, in consequence Of the
Minneapolis fire; No. s. 9O93 70;
superfne western and state 81 1904 70;
common to good 81 sO@5 O5; good TO
choice $5 2OCS5 So; white wheat extra
So 9OG6 90; fancy S. 55G7 70; eItrs
OHIO "a SOG6 75; st. Louis 81 Sj(G7 75i
Minnesota patent process So 75@8 90
Rye Flour-Quiet at So 25G3 10. Corn
Meal-Quiet at 81 4OG2 50. Wheat
Fairly active; receipts 100000 bushels;
No. 2 Chicago spring 81 22I@l 23; No.
Milwaukee 81 239l 24!; No. spring
81 ZSGyl 81; ungraded red winter IL 30
al 35; No. . North western, seller May,
81 235@,I q ye-Uncbanged. Bar
ley-Quiet; No. 2 Canada 62tc. Malt
Dull. Corn-ReCerpts lGS,OOO bushels;
western mixed 4sG57c; steam mixed e.
6525c; high mixed Sac; No . 53t654Ic
Oats Receipts $4,000 bushels; western
mixed 34G351c; white western 35iCG35c.
Hay-Unchsnged. Hops-Dull and un-
changed. CoAee-Quiet and firm; RIO
cargoes I8i@l7t; joObIng At l3i@l8!c.
Sugsr-Quet but steady; iair 70 good
refining 7sG7ic prime 7lc refined drm
sTlG93c. hOlssses-Quiets and unchsn ged.
RIce-FIrm snd unchanged. Petroleum
Dull and unchanged. Tallow-At y
@7tc. Rosin and TurPeDtine-FTm
aud unchanged. Eggs-At IO@lZ!c.
Mess Pork-Firm at s9 70@l0 Is Beef
Dali, western long clear middles quiet
and unchanged. Lsrd-Prime steam at
$7l7567 20. Butter and Cheese-Un-
changed Whisky-Nominal st 81 01G
lO3i.
Cincinnati.
UIECISEATI, May 9.-CoLton-Dull
and nominal at lOtc. FlOur-Dull and
unchanged. Wheat-Stesdy red 81 -
al 20. Corn-Stronger, closing at 43
GI44c. Oau-Quiet a. 27t@3Oc. Rye
Dull at g9G6lc. Bsrley-DalI and
unchanged. Pork-Quiet and steady st
s. 70. Lsrd-EasIer; steam 81 90; sum.
mer Sc 50; kettle 81 2jI67 so. Bulk
Mests-Quiet and firm 50 COG4 759
4 s7t. Bscon-Insctive and lower ~
81 l2I@,5 25(dy5 25@y5 37t@,5 624. But
er-Essier; fancy creamery 2Z(9Z@ci
prime to choice dairy l5Glso. Whisky
Active but not quoiably higher; light
offerings 81 81 OF. Lirsecd Oil-Steady
at 6O9Glc.
Toledo
TOLEDO. May -Wheat-Dul, weak
and lower: amber Michigan spot 81 27t;
seller Msy 81 26i; seller June 81 29i No.
2 red winter, spot ano seller May, 81 81
seller June 81 2j; No. Day ton and
Michigan red 81 23i rejected Wabash
SIC3. Corr-Sleady, high mixed 43,c;
No. 2, spot, 42fc; .eIIer Msy 43Ici seller
June 44c; No. Z white 45lci rejected l2c;
damaged 3stc. Rye-No.2 259c Oan-
Dull; 2lstG Michigan 2Sic. Go
yer Ssed-Duui prime - 959i o.
philadelphia.
PHILADELPHIA, May a. Flour
Qsiet unchanged. Whest-Dull; amber
81 32GI 81, red 81 3OGl 81; white
81 35rd,l 81. COrn-Duii and unchanged.
Provision,-Dull and unchAr gsd But
ter Dull Westsrn Reserve l59l7c.
Eggs-Flrm; western lO.9llc. Cheese
-Stssdy and unchanged. Petroleum
Unchanged. Whsky-Steadyi western
s. 80.
Oil City.
OIL CITY, May Market opened
dull but firm, remaining so throughout
the DAY. with sales Ct 81 S5t, advanced
10 81 564. closing 81 81 35 bid. Ship
ments 10000 barrels; average q 200 bar
rels, ssles to-day 10000.
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04
NO. $50
(nlCAKO.

CHICAGO, May 8.-Flour Steady snd
unchanged. Whest-Dull, weak, lower
and unsettled; No. Chicago spring
81 l2i; No. . ST. IL cash; 81 l03 seller
May; 81 0SA seller June; 81 O6Gl o.:
seller July; No. 8 81 l6. Coru-U nset-
tied and lower al 39f(939sc cash; 39:@
Ss3c seller May; S9tc seller June; Al tc sell
Ter July rejected 86tc Osts-Dull and
prices shade lower st 26;c cash; 26t6
26;c seller May; 26;e seller June. Rye
Dull, sndprices a shade lower st 6s1c
Bsrley-Dull snd prices shade lower 81
47lc. Pork-In fair demsnd but at lower
rates ST So so cash; IS 62tGS IS seller
June; s. sOGS S2i seller July Lard
In fair demsnd, but at lower rates 81
So 9O@6 ~! cash; S. 95(aG 81! seller
June; 81 02!@7 % seller July. Bulk
Mests-Quiet ard unchanged Alcohol
-Firmer st 32!c bid. Whisky-At
81 VI.
Milwaukee.
MILWAUKEE, May 3.-Flour Held
hrmly. Whest-W eAk, opened snd de.
chned lc, closed stesdy; No Milwaukee
hard 81 l5t; No l Milwaukee 81 l4t:
No. do 81 lll; seller May 81 lOs, sell
Ter June 81 O9l; seller July 81 Os; No.
81 O6i. Corn-Quiet; No. > Ssc. Oats
Easier; No. >, 26:c Rye-Qaiel; No. /,
69!c. Barley Quiet; No. > .priug
nominal 5S@5S!c. Provisions - Duh
and unclaimed. Mess Pork At IS 90.
Lard-Prime steam Sc 81!
New orleans.
NEW ORLEANS, May S.-Cofee-ln
fair demand; Rio csrgoes, ordinary to
prime l4@l4!c, gold. Sugar-DuE,
inferior 10 good common 5,@6ic; com
mon 70 good common GIG7c, yellow
clarified S4c Molasses -Dull and nom.
inAI; common 2OG22c; fair 2.(G26c. RIra
Scarce and firm; Louisiana, ordinary
to choice ji@65c
Pittsburgh.
PITTsRURGW. MAY 8. - pptrolaum-
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04
hhnk Mil.

a,,ssgO OS; G Pa May 3.-The Newton
<.sgis, GwOnPsny wa Of this place failed.
A',4y S,s,,s vas 100000. Us president,
'nlth, also suspended.
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04
LIVE STOCK
New York.


NEW YORK, May B. Beeves-Ro-
ceipts 200 kesi, making 800 head
for the tour dsys, against $500 for tho
same time last week. The market open
cd better generally. with both 1.-Two nnd
dressed, and prices fully ic higher thsr
Monday. Four car loads of light
Cherokee cattle At IS rs to dress SS so,
five cars of better fraction less than
9c, TO dress 65c; medium 10 primo
native steers at 9,6l0lc, to dress 6GG
SIC, with extra selections At l0iCnl03 tO
dress 81 Nearly 300 take for export.
Sheep Receipts 2GOO head, making
1900 head against 1920 head for tho
same time last week Market trIH,
easier at 54@}5o for ccommon TO neiIum
unshorn snoePi $1,000 fair TO prime;
4jC95ic medium to good clipped; Sl(9
lU4c ordinary TO extra sprIng lambs
Hogs 90 Receipts 200 head, making
l9,3OO head Tor tour days, against li,3OO
head for the same time last week. None
sold alive.
Chicago.
CHICAGO, May d Tho Droveri
Journal reports hog receipts l6,0 900 head;
shipments 3,4OO head. Market active
NJ 5(9l0c higher; choice heavy So 2OCG
3 90; light So 2OC43 80; mixed rough
So O0@8 40; butchers SO 2OG3 30.
Cattle-Receipts $500 head; ship
ments 5000 head. Market strong and
higher; Steers at ~ 2OC96 90; feeders and
stockers SO OO94 40, butchers steers
SO 6O@4 20; cows s. 5000 70; bulls 81 60
@3 90; one load Texan steers 1t So 40.
Sheep-Receipts $40 head; shipments
46O hOsd. Market steady and unchanged;
no sales shorn So lO@y5 II! unshoru
81 00G6 90.
~. LOois.
81. LOUIS, May 3-Hogs-HiPhcr,
light shipping to good Workers 81 GOA
3 10; packing 50 coos ID; Butcher
to select So l6C93 80 Receipts 1900
head.
She.p-Stesdy and unchanged. Re
ceIpts 3sj head.
CIncInnRII
CRCGSEATI, May 3 -H0gs-Dull and
dropping; common 81 COOS 90 light
81 lOS,3 25; packing 81 1908 20; butch
ers So 35(g3 40. Receipts 1880 head
shipments 200 head.
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04

Az experienced traveller ssys After
weeks Sojourn at the Grand Central
Hotel, have no hesitation in saying
that j! is the best and cheapest first-cIAss
hotel in New York"
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04
Peace Prospects Not Much Brighter.

A st. Petersburg correspondent
telecraphs that noIniug has trans
pired to-day Justifying the suppI-
ton which was entertained last nIglt,
that the prospects were brighter. II is
.aiI tue pourpsrIors drag on slowly, a.
though it is believed some little progress
mas been made relative to the withdrawal
of negotiations. 1t is rumOred thst the
Cabinet admits in principle the sdyissbi.-
ityof an IL .erChsDgs OF views in regard 10
the essence Of the question at issue, pre-
viied the present forms! difficulties pre-
venting the meeting OF the Congress are
removed There Is good res9on to be-
l.eye tnst Russia IS ready - enter upon
such a. interchange Of We've, but Great
Britain 50 f.r has not answered Prince
Gortschakof's reply TO Lord Salisbury.
a Vienna correspondent: hears thst
Great Britain has sent 8 reply 70 Russiss
latest overtures, which has produced q
good impres. on a. st. Petersburg.
\ telegram from ST. Peters5urgh states
that negotiations have been resumed d.
recly between London and ST. Peters.
burg 10 regard 10 the Withdrawal from
C0.s'antinop.e,
a Vienna correspondent di:believes
the reports that General Todleben's ne.o.
tls..ous for the surrender of the Bu!gs-
rian fortrtsses have already failed, as the
negotiations on such an important
question sre likely TO take days or weeks.
In the meanwhile, however, the Russians
have occupied Prsvsdi thus cutting COM
muEiCatIels between VsrDs snd SuumlA,
al act almost OF hostile character, and
unlikely 10 contribute towards the
chsnCes OF 8 settlement.
The same correspondent says the tri-
umph Of the concilistory disposition St ST.
Petersburg, mentioned yesterday is
further confirmed te-isy, and is general
Is attributed to the reports of the Mint
ters on the financial, military sad inter-
"a state Of the Empire, which are ssii 10
produce the impression thst the country
should he spsred further ordesls, if it IS
possible to avoid them without down
right humiliation. The Leading idea Of
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04
Circulate.

WASHINGTON, May 8.-There 'ow be-
i,y sIOOOO,OOO he'd IN the United States
treasury. originally reserved Tor the re-
gsmption OF fractional currency, and in
c,o.souence Of eli the fractional currency
bsyips been destroyed, Representative
philips was today instructed by the
Committee ou Banking aad Currency to
,.sns bil. having in view the release
o,,Fe sbJye named sum, in order that IT
nav enter into crrcu lstion, IN denomlns-
lion, cf one snd two dol. .srs.
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04
The Tobacco Tax.

WASHINGTON, March Sit hiss been
determined TO move y suspension OF the
mile, next Monday, so IS to test the sense
.S,be House IN regard to reduction OF
,5s tobacco tax. 1t has not, however,
Ia, ye. determined whether the tobac.
=, will be separated from the income tax
,gd the suspension of the sinking fund or
moi, Tbs is q question sill under con-
-.4s-s.iDn
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04
Fresh NEGOTIATIONS on FoOf.

ST. PETERSBURG, May 3.-The Agence
Russo says that no news of negotiations
is expected for FIVE or six days, as fresh
efforts for Al understanding are now
pending.
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04
Preparing Another Squadron.

LONDON, May 3.-The Lords Of Ad-
mirshty, who have been inspecting the
Chatham dock yard conferred privately
to-day, it is understood, in reference to
the completion and despatch Of another
powerful iron clad squadron for particu-
lar servipa
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04
Pittsburgh.

PITTsBURGH, May s. Petroleum
Crude 81 55. At Parker's; refined lOi
lie for Philadelphia delivery.
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04
Condition of GorIschakoG.

ST. PETERSBURG, May 3.-The Agence
Russe states that the gout has now at
tackled both the feet Of Prince Gortscha.
koh. His sIeep!essness is increased by
the pain, aad his physicians have or
dered that he abstain from the transsc-
linn of anr hnsinnsa
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04
Peace Memorial.

LONDON, May 3.-A memorial, circu-
lated by the Eastern Question Associa.
ton, regretung the calling out OF the Re
serves, and expressing the belief that no
sufficient obstacle exist. to prevent the
assembling OF the Congress, has been
signed by 1900 persons, including the
Dukes cf " estmirster and Bedford the
Marquis Of Bath and the Bishops Of Ky
@ .er and Oxford
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04

STATE BoSDs Steady.
SToCKs-Dull and without an import
ant feature. The fluctuations were con-
fined within the range Of t@4 per cent.
At the opening of business Gemonslrs-
tion was made against the list on the fire
st Minneapolis and the exciting rumors
about the trouble a. Chicago, 1t being re.
ported tb1. the communists had risen,
and lhst the city was in charge of vlgi-
lance committees. 1t WAS 10. loT :, how
ever, before the report WAS lounu TO be-
false and that there was no trouble there.
The whole business WAS evidently started
on Wall street for speculative purposes.
At the close the market was generally
firm. The earnings of the ST. Paul rsIl.
road for the fourth week OF April show
II gain OF S76G7S, and tor the month Of
April n gain of t27O2l7. The earnings
OF the Northwestern for tho fourth week
OF April snow gain Of 100000 snd Tor
the month gam Of $2AJ,OUO The gam
for eleven months of Lue fiscal Nenr will
be nearly 81 100000. Tho Northwestern
books Will close u. morrow tor election.
One-haIt per cent. Was Old to-day 'Dr the
use of the proxies Tho lrarsacu0ns az
gregated 1000 share. Of which 1000
were Erie, 5000 Lake Shore, 3 600 Wa
bash, 5000 Northwrstrru, >, 100 -. fsuI
common and 5000 preferred, 1900 Del
aware, Lsckawsnns and Western, 4, 600
Michigan Central, and 1000 Western
Union.
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04
The CimbFia.

The steamship Cimbris, now IN Amer
ican waters, was chartered on the oath
of March last by tho Russian admiralty
for year 10 serve exclusively as trans
port. The amount paid was El4,8OO
Tue value of the vessel is secured to the
owners by Messra MemdesohD, Berlin
bankers. Her principal work Will be to
supply provisions and munitions of war
70 the Russian feet in the Pacific Her
present destination, after taking aboard
war material contracted for in Amerlcs,
IS the North japan. Ot the seven bat
tsIiors of the yards, three are recruited to
their full strength. Their baggage and
arm chests are Ill ready and packed for
instant removal. The ranks of the other
four battslions are being fitted up to one
thousand strong.
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04
MINNEAPOLIS DISASTER
FURTHER ACCOUNT OF THE EX.
PLOSIOS.
Scene at the Ruins-Searching for
the Dead-Causc of the ExplO-
siOn-Yalue OF the Prop
erIy Destroyed.

MINNEAPOLIS, MINI, May 3.-The
following is general summary Of the
situation ct the scene of the fire at the
great Washburn Touring mill, and in
which an explosion occurred, wholly de.
stroyins the Washburn mill. The b
mill is intact, except injury to the roof
from falling timbers. Thompson &
Hoyt's, Bulls and Newton & Co.'S -four
ing mills, the Washburn planning mill
and the mill compsny's elevator are fiat
with the ground, across the
race. Pittit & Robinson's Touring mills
are standing. Zenith & Gallsxy's mills
are more or less in ruins. The loss, in
addition 10 the mills interest, is about
$4,000 on the elevator, $1,000 on
wheat and about Sl,0000)0 WORTH of dry
lumber in Petit Il Robinson's yard. 1t
is too early yet to revise the estimates on
the total money lost, and the insurance.
During the whole day the scene of
Yesterdays explosion has been the centre
of intense excitement pervading the
whole city and the surroun ding place. The
ruins tuis morning presented only shape
less heap OF stones where the mills destroy
ed had stood, which still smouldered, and
upon which streams of water were kept
playing from several fire engines all day.
Upon the platform" on the south side
of the canal the ruins are complete, ex-
cept rs to the Washburn mill B, which
stands slight distance from the others
on the other side. The walls of the
Petit d Robinson mill still remains
standing, while the Polisade mill, little
distance away, escaped by q similar freak
Of the flames aEa-1s--s
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04
THE EASTERN QUESTION
PEACE PROSPECTS NOT MUCH
BRIGHTER.
Critical Stale Of Affairs IN Turkey
The Turks Refuse 20 EVacuate
the Ceded FOrtrssEes-Eng-
IIsh Military Prepara-
IIOns Continue.
Progress OF Negotiations.

LONDON, May 3.--fhere is remsrks-
bic absence of news respecting the pro-
gress of negotiations between England
and Russis, but the latest impressions
are more hopeful.
Critical Military Situation in Tur.
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04

WASHINGTON, Msy S-fhe Senate
C,nmittee on Foreign Relations, to day,
Sso;Jsd to recommend thAt the so-cslled
I.nsne,e indemnity fund be returned TO
,sa goyernment OF Japan, and author
.-ot - senator Wallace 10 draft bill for
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04
activity in EngIish Military circles.

There is no abatement Of the pressure
on the government works, the activity
which prevails in every department can
not be expressed in detail, being created
by general demand for munitions and
stores. The first issue Of preserved meat
AID biscuits to troops at Woolwich in
place Of ordinary Tations was made yes.
terdsy This has been done to sccustom
the men 10 the tare, which will in case Of
war become their daily food.
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04
yaIUe OF Tho Mills DESTROYED,

The following is the valuation of the
mills destroyed: WsIhburn a mil,
si1-story stone building, 100000; Hum
boIdt, S6OOOG Diamond $4,000; Galaxy,
Ss5,OCO; Zenith, $4,000; Petit Il Robir-
son, Sl25OOO.
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04
philadelphia.
OIL CITY.

OIL CITY, May Market opened
dull but firm, remaining so throughout
the dAy. with sales Ct 81 S5t, advanced
to 81 56f, closing st 81 S5 bid. Ship
nents 10000 barrelsi average 1000 bar.
rel.. ss!es today 10000.
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04

aud RuSsis, but the latest impressions
are more hopeful.
Critical Military Situation in Tur.
key.
Although Russia is believed to have
secured Au;tris's neutrality, her military
situation IN Turkey is now regarded as
exceedingly critical. The attitude of the
Turkish soldiery is reported IS more
favorable than ever to- an alliance with
English troops. a month ago the Rus
sian influence seemed on the point of
carrying everything before it, but now
the Porte seems more intrsctible than
ever and the Turkish army is so strong
that the threats of the Russians bsye 1T
tie effect. The Turks have entrenched
their positions, sRd are scarcely inferior
IN numbers TO what the Muscovites can
mass, so that no. only can there
be no question of surprise,
but even the most serious attack
might be resisted sufficiently long, at any
rate until help could come from else
where. 1t Is not, therefore, considered
likely that they will scCede TO the evscu.
alton of Vernis, Shunls and Batoum,
even TO get the Russians away from Con-
stsntnople. General Todleben, there
fore, will have chance TO display con-
siderable talent II the attempt to over
come all difficulties, while the con-
cilialory disposition in St. Petersburg
must be strong not to bo worn
out by the temporizing policy which the
Turks, feeling the strength OF their posi-
tion, will doubtless use with their we'll
known consummate skill. Meanwhile
though direct negotiations with the
Turks for the withdrawal of the Russians
have begun, accounts from Adrisnople
state that troops are still moving In the
direction of Tchssldjs and the Capital,
while westward, against the Insurgents
but few battalion, and squadrons Of Cos
l. J..
The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-05-04
The Authorities on the Alert.

6A-yz'ToS, May 3.-Nothlng Of IN
s'ss. IrSuspred on the Rio Grsnde.
-le cIyl. aud military authorities sre
aA1g measures to prevent violation
. lie neutrality avs A N,Cs cOrre-
'gllea. says; It's the opinion Of the
rs. informed people on the border that
.-s revolution Will be successful. The
Jsz officers ind it difficult to prevent
.-s satrL.0n from prOnOuncinp tor Lerdo.
The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1878-12-04
ENFORCE THE LAW.

1t is said, that President Hayes
has determined to punish those who
have been guilty of frauds in cleo
tion matters. That is, those who
have controlled the vote of the col
ored man by intimidation, &c. All
right We do hope be viii have it
done land thathe will cause.th Law
to be executed to the fullest extent
ard honestly. If he RiH. tie dis.
trict attorneys all over this Southern
country will reap a harvest. For it
is.a fact that for ten years past. in
almost every county in all the
South, men have controlled the vote
OF the colored man by representa-
tions known to them to be false. and
by working on his fears. He has
been told by his Republican masters
that if the Democratic party got
into power, he would certainly be
.enslaved. The bulk of the color
ed men have thus, by having their
fears wrought upon, been actually
driven to@tie polls and forced to
vote the Republiean,tick as blind
ly as if they had been machines. At
the same time his Republican mas
tiers know as well that all this was
false and q fraud on him. as Trey
knew they existed. This was true
in the last election to some extent,
bdt.not to SO great an extent as here
tofore. Nevertheless, hundreds were
guilty even during the late elections.
Yes, let the law be honestly and
faithfully reinforced, and let every
man who controlled the colored
man'ss vote by putting him in fear,
or by making false representations
to him, be punished. Even East
Tennessee awill furnish a crowd OF
guilty scamps.
The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1878-12-04
OUR RAILROAD.

The proceedings of the meeting
of the Stockholders of the East Ten
nessee, Virginia and Georgia Rail
road, held at Knoxville last week,
will be found on our first page. The
reports of the President, Col. Will
son, and President, Col. G. NJ i.
MeGhee, prove that the road has
been excellently managed, aud is in
the hands of men who are carefully
guarding the interests of the public
as well as those interested as stock
owners. The gross earnings OF the
road, for the year ending Both June,
1878, are shown to be 81 ,022,2
II, against 1894. O43.66 for the pre-
vious year. The road is we'll officer
ed and admirably managed, and has
been freer from casualties and acct
dents than any line Of equal length
and travel and traffic North, South,
East or West. In his report. Col.
McGhee gives this satisfactory in
sight as to the source from which the
road derives its income, and how
our own section and people are bene
fitted thereby:
The prosperity of the country through
which a road passes is so indissolubly
connected with the prosperity of the
road that l have felt at liberty to occupy
considerable space in treating of the
probable future of our local develop
ments. 1t may not be inappropriate
here to call the attention of the Direc-
tors and through them of the stockhold-
ers to the fact that the public have a
very erroneous impression as to the
source from which railroads derive their
income and the direction given to ex-
penditures. BY some it is supposed that
our company collects the money from
the people and takes it out of the coun-
try to be expended and thus the rail
roads become tax on the section along
the line. Nothing is further from the
fact. OF the entire receipts of the road
for the last year only 1885, 476 OF was
collected from the people of East Ten
nessee, while we paid out along the line
$497, 78s 56, showing that we distributed
along the line $162, 2l2.55 more than we
received The average excess has been
greater FOR the past five years than for
the last, for the reason that we bought
steel rails from Pennsylvania last year
to the extent of $45, sos 80, whereas, in
the past, we have bought iron at Chat
tanooga, and hope in the future to be
able to buy our steel there. 1t is thus
demonstrated that we do annually, on
our present business, pay out over $780,
600 more money in East Tennessee than
we collect Hence it will be seen that
the revenue we derive from our through
traffic, much of which is done at little
profit, is to a great extent a tax levied
on foreign commerce for the benefit of
people along our line.