The new Northwest. [volume] (Portland, Or.) 1871-1887, 1879-06-12

who shall have power 10 open a bool
for subscription OF capital stock no
exceeding slO,OOO,OOO. The bill furthe
provides for an organization Of Board
similar to those Of the Centennial exhi
bition.
In the social world, there is an antici
/ patton Of unusual fashionable attention
to the Jerome Park races, aud following
closely the first meeting Of the season at
Pimlico. Il is too bad that Mr. Loril-
lard may not hope for the blue ribbon
Of the English Derby to crown his Sc
ries Of Parole victories, but the latter
have been sufficient to give New York
fashion a renewed interest in the turf
Another matter Of much talk in rela-
tion to the season is the probable sue
cession Of archery to croquet, for this
Summer at least. So strongly has this
historical diversion of parties at Eng
lish country been palavered and written
into favor within the last year that
there is already a lively trade competi-
tion between domestic and imported
bows and arrows. Mr. Maurice Thomp-
sons book, ''The Witchery Of Archery"
is responsible for much Of this slightly
suobbish adoption, which, however, is
not likely to have a much longer run
here than did the coaching" vanity.
The New York post office received
500 0O0 worth Of ten-dollar refunding
certificates, which were Immediately
disposed Of at the main Office and the
various stations throughout the city
post office. An officer to-day remarked
that if the rush Of applicants for ten
dollar refunding certificates continues
to increase, the post office building will
have to be enlarged to contain them, OF
tickets Of admission will have to be
issued There were more than two
hundred women around the entrance
to-day at nine O'Clock, waiting for the
doors to open so that they might rush
to the head Of the line. II is said that
some women make as much as four or
five dollars a day by purchasing certii-
Gates for spectators. Whole families
are frequently in line down 20 the
youngest, scarcely ten years old. The
throng Of men is quite as great as that
Of women.
President Cyrus W Field, Of the New
York Elevated Railroad, who sailed for
Europe on Wednesday last, will attend
as delegate Of the Chamber Of Com
merce the international Congress at
Paris to promote the construction Of the
canal across the Isthmus of Darien.
Subscriptions will be opened to-day 20
the stocl; nf the company 90 ~ formed
TO lay n submarine cable from the Pa
cific Coast 20 the Hawaiian Islands and
Japan. \ subscription of 81 ,OOO. 900 is
expected from the Hawaiian Govern
ment. Mr.. Field headed the list in this
country with SlO0, 900. This gentleman, {
who, according TO common report, had
recently cleared several millions as the
reward OF his efforts in restoring rapid I
transit upon the people OF New York, /
created a sensation the other day by /
making oath at the tax office that he
had 80 tax 10 pay on personal property.
He said: 81 pay tax here on my real
estate, and my bonds and stocks are ex-
empt from taxation under the law, and
under these circumstances / have no
tax to pay, because my busi-
ness obligations growing out Of these
transactions exceed the value Of my
other personal property. believe that
every company should he taxed upon
its dividends When its dividends were
heavy ihe tax would be heavy, and
when there were M dividends there
would be no tax" AUGUST.