Daily Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1876-1884, 1879-07-01


fresh mines are offered for sale
to our buyers.
A Wall street banker, interested
largely in mining property, ex-
claimed yesterday: "rhere is no
end to schemes. Every other man
who comes to the Office has mine
to sell. Three-quarters of all the
mining companies in this market
have been floated merely to make
money on the sale of stock. or
course they are all going to make
money. The stockholders will not
lose anything to speak Of"
Prospects and condition Of Inc
Texas and Pacific RniIrond
NEW YORK, June 3Oth.-A Dr.
respondent in Marshall, Texa de-
scribes the present condition aud
prospects of the Texas and Pacific
Railroad. Excepting seventy-tve
niles between Marshall and Tex
arkana, the Texas and Pacific is
purely local road, yet the earn
ings have been sufficient to pay OPP
Grating expenses, interest on first
and second mortgage bonds and
leave some surplus. the number of
miles operated, including its two
east and west lines, is 442. The
prospect of its extension to the Pa
citic seems about as remote as ever.
In regard to the California ex-
tension, the writer says: Their fail
ure to get Congressional aid brings
them face to face with the question
involving the future of their enter
prise. Either they must raise
money speedily to push the main
line westward across Texas and
New Mexico, or make up their
minds to rest content with their
position as an important local road,
building westward only as fast as
settlement of the country will war.
rant, and trusting Huntington &
Co. to join his California lire to
theirs at such point in Western
Texas as they may be able to reach.
Captain Eads' PI~m;Dr a sbip
Railroad Across The PanamR
| Isthmus.
NEW YORK, June Both.
Eads, the well known engineer in
a carefully considered article, gives
his views on ship canal across
Panama to the Tribune to-day. He
offers his plan of ship railroad as
q substitute. He does not content
himself with merely outlining the
plan, but works out the details, so
that the reader can judge for him
self of its practicability. He would
take vessels out of the water by a
we'll known dry dock method, or
by an original system of sunken
platform and cradle, raised by by.
draulic machinery; transport the NJ
across the isthmus with cargo un-
broken on ten-rail track, and
lower them into the sea on the
other side to continue their Jour-
ney. The canal would cost $3.50,
600, 900; the railroad could be CO n
structed for $1,000, 900. The canal
would take twenty-five years to
build; the railroad could be fin
ished in five, and the benefits en-
joyed by this generation. One
could not be made to pay interest
on the enormous Investment it
would require; the other would be
a profitable enterprise. One would
require the assistance of foreign
governments, which would thus
get hold upon the isthmus; the
other could be built as a CONNER.
cial undertaking.
Patagonia Under the Argentine
Flag.
New YORK, June 30--The Times
says: Patagonia has been ceded to
the Argentine Republic by the
Government of Chile. Patagonia
is not a territory which any civil.
lied race of men should greatly
covet. 1t has been described as
"the land of ice aud fire." The
Chilean Government has tried
many costly experiments in colon
izatlon in Patagonia, and various
Improvements intended to facilitate
steam navigation through the
straits of Magellan have been un.
dertaken. Nothing but disas ter
has come OF these, and Argentine
colonies on the Atlantic side of the
Cordilleras have not been much
more fruitful. By common sou.
sent, after some disputes, Chile oc.
cupied the Pacific side Of the CEN
trail mountain range and the Ar
| gentine Republic took the Atlantic
slope. Latterly, the Argentine Re-
public, taking advantage of Chile's
numerous foreign ami domestic
complications, has claimed an ex-
tension of her boundary line in
Patagonia. Chile has discreetIy
made haste to agree with her ad.
versAry, and the miserable coun-
try, with its nine wild tribes and
its thankless soil, passes under the
flag Of the Argentines.
Failing Eighty Feet.
WYTHEvILLE, Va, June 3Oth.--
An engine and three cars of the
mail train this morning broke
through bridge near this place
and fell q distance Of eighty feet
Express messenger Langhorn was
killed, conductor Fairfax and two
mail agents injured, and several
passengers hurt.
Escape OF Man Ba rners.
| OMAHA, Neb., June 30th. Two
of the Olive gang of m an-burners-
ex Sheriff Gillen, of Keith county
and Barney Armstrong-made
their escape from the Jail at Plum
Creek. When the jailor, who is q
mere boy yet in his teens, Went
into the Jail to give the men theil
supper, Gillen, Armstrong and the
negro Kelly, who is also one of the
Olive gang, threw their arms about
the jiiler's neck, and one Of them
remarked that they had big jot
on hand and wanted him to helr
them work it. They then pulled q
revolver on the jailer and told hin
to follow them, which he did. They
stole two ponies which were picket.
ed near the Jail and rode Off to the
| north. Armstrong and the taller