The new Northwest. [volume] (Portland, Or.) 1871-1887, 1879-04-24
LETTER FROM NEW YORK.

the Manhattan bank, which was robbed
Of 50, 500 900 in securities and money, by
information received from Washington
that in a package that came from q
London banker were found three $1,000
bonds, five-twenties, OF July, 1865, being
part Of the bonds stolen from the Man
haitian bank. 1t is believed that the
discovery will afford an important clue to
the persons who disposed of the proceeds
of the bank burglary. The burglary, il
is now known, was committed by Abe
Coakley Jimmy and Johnny Hope, Oscar
Decker, Jimmy Dunlap aud two others.
The bank loses $3.50, 600 in coupon bonds
aud cash, and the special depositors lose
about SS5, coo. The robbery was planned
by Tom alias Shang Draper, and George
| Leonidas Leslie, alias Howard, alias
| Herberis. OF the robbers, COakley and
Johnny Hope have been arrested. Coax
ley induced the police to return him un-
der pretext that he would work with
them to discover the robbers.
am in receipt of the report Of the
| Chief Of the Bureau of Statistics on the
commerce and navigation Of the United
States, which is an interesting and valu-
able document. That portion relating
to the expectation of breadstufls has
peculiar interest, representing, as it does,
the enormous Increase there has been in
that direction. In the year ending June
80, 1860, the total exports of bread and
breadstufTs from the United States were
S24, 422, $40. In 1868 they had reached
SOS, 743, $50; the next year they jumped
up to Sl6l, l9s, ,s6i, and then, with slight
fluctuations, they advanced to Sls1, ~
Sil in the year ending June 30, lS7S.
These figures disclose wonderful de-
velopment, but few years hence, it is
safe to predict, they will appear COM
paratively small. Over eighty per cent.
Of this great volume was produced i'm
the region lying north Of the Ohio
River aud west of the Atlantic seabuard
States, embracing the States Of Ohio,
Michigan, Indiana, Wisconsin, Mis-
souri,, Minnesota, Kansas and Nebraska.
The resources OF these great common
wealihs are as yet but dimly understood.
In the one State Of Minnesota alone,
there is territory still unsurveyed that
Is almost equal in area to the whole Of
the New England States. When these
great States Of the Northwest obtain the
population that is bound TO come to
them in time, and their riches come to
be fairly tested, we shall have an end to
to talk about a "solid South" and
"solid North" for there will be the
guiding power. This region, with an
almost ilIimitable capacity for agricul-
tural production, is being developed by
the railroads, and accordingly the trans
portation question is the ali-absorbiDg
one. In breadstufIs our trade is bound
to be Of a commanding nature. Every
year will witness its increase, for the
capacity Of the West is as yet but liltle
suspected. In the meantime, as has
been heretofore noted, there has also
been a remarkable increase in the pro-
vision trade, the exports Of which have
Increased from SIG, ,6l2, ,4IS in 1850 to
Sl23 $50, 323 in the last fiscal year. There
Is improvement everywhere. In the
year ending June so, 1850, the value OF
the exports Of commodities Of domestic
manufacture was S15,6l7, ,730. In the
year ending June 30, 1877, they had gone
up to Sl4i,S2i,625.
Within the last month new tele-
graph company has been organized in
this city under the title OF the Ameri-
can Rapid Telegraph Company. Its Of
ficers are Edwin Reed, ex-Mayor Of
Bath, Maine, president, and Major L. 5.
Hepgood, of Boston, treasurer. The
company is said 10 have a capital Of
SS,0OO,OOO and it Intends Immediately
to construct line OF double telegraph
wires connecting Boston, New York,
Philadelphia, Baltimore, Washington,
Chicago and st. Lonis. The wires will
be Of cast steel, plated with copper, and
are the invention of Professor Moses G..
Farmer, Newport. The company con-
trolls number Of other novel inventions
10 telegraphy, which will enable it, as
claimed, to transmit five THOUSAND words
per minute over its own patent wires,
and half that number over ordinary
wires. The company also intend to es-
tablish press bureaus ia the principal
cities. In building the lines the post
roads and highw will be followed, as
a United States law, passed in 1886, is
understood to give free right Of way
over these routes. 1t is designed to
have the lines completed and in work
ing order by January l, 1850.
At meeting on Thursday Of the ex-
ecutiTe committee in charge Of the ar
rangements for the worlds fair proposed
to be held in New York, Mr.. Vance re-
ported, from the committee appointed to
select site, in favor Of Central Park.
He said that in connection with Man
haitian square there were one hundred
aud thirty acres which could be de-
voted to that purpose. Buildings could
be constructed and used there without
interfering with the public drives or
walks. Buildings could be so con-
strueted aud located that large part Of
them may remain for permanent public
use. The main structure could be used
like the great palace at Ludenham. The
picture aud art galleries would exist as
noble relics Of the great fair, and be de-