The National tribune., 1882-12-21
OUR GROWING COUNTRY.
Its Industrial, Commercial, Railroad,
and Agricultural Development.
FINANCE AND TRADE.
Latest Reports from Leading
Business Centres.

Writing of PaIlman City, near Chicago, where
the shops of the Pullman Palace Car Company
are located, Gath" says: 1T is probably the
only model city in the world, and has cost
$6,O00,000, which already pays six per cent. on
every element of it. There are $500 acres oi
land. costing 100000; the town proper Is bullf
on 500 acres. all that by law could be an ap-
purtenance of manufacturing company. 1t is
in idea car mandatory, surrounded by a CITY
for the operatives. and for an ideal mechanical
life the whole TO pay, to be free of disease, and
TO exalt the condition of men. AT one end are
the great brick shops, turning out fifteen cars
day, with a mighty tower of brick 200 feet
high to distribute the sewerage, while the heat,
etc. are dispensed by the great engine which
drove the machinery at the Centennial EXhl-
bition. At the centre and other end are the
plaza and town. all of brick with nearly 10000
inhabitants half mile from Lake Michigan (;
an artificial lake comes into the plaza, on which
are the arcade, hotel (called Florence for Mr..
Pullman's daughter) serpentine gothic church,
market house, railway station, and Pullman
railroad TO girt the greater lake of Calumet,
which Mr.. Pullman says will be the manufac-
turing centre of the Western world, and great
est Lake port
At the directors meeting of the Baltimore
and Ohio Railroad, on the 18th inst, Mr. John
w Garrett was elected to the presidency of the
road for the twcnty-fifth time, the Hon. George
w. Dobbin casting the unanimous vote of the
board. Mr.. Samuel Spencer, the present third
vice-president. was elected second vice-preSi-
dent. Mr.. Orland Smith was elected TO the
third vice-presdency. Mr. Smith has had an
experience of thirty years of railway life. For
nine years of this period he was identified with
the management of the Marietta and Cincin-
natl Railway Company as receiver and super
intendent. President Garrett announced to
IL. L A1-zL l. D,1A r.,In fnlp
graph line between Baltimore and New York
was open, and that in a few days it will be in
full operation. He also stated that co-opera-
tive alliances had been made with number of
railways for telegraphic facilities and inter
changes Of business. He had no doubt that
ultimately system of cooperative railway
telegraph lines will be established throughout
the United States, which will prevent mon
opoly for all time, and furnish the public an
effective reliable competing system.
W. H. Vanderbilt, Rufus Hatch and Jay
Gould all testified before the New York Senate
Committee OH corners last week. The Phila-
delphia Times sarcastically sums up the evidence
as follows: Vanderbilt never speculates and is
satisfied that grain corners are very damaging
20 the railroad interests. Hatch is firmly of
the opinion that corners are very wrong
unless he is one of the cornerers If he was one
of the cornered he would denounce the business
with all his might. The philanthro.ic Gould
was of the opinion that speculation in grain
was a good thing for everybody, except the few
people who had TO buy -four or bread, of course.
1t was a little rough on them sometimes He
was decidedly opposed to any legislation on the
subject, as he really feared it would do more
harm than good, which it probably would TO
those who live by that kind of gambling. 1t is
astonishing how little these renowned gentle
men seem to know about such things They
Only spoke from hearsay, not from personal
experience.
The amount of construction work on the
Northern Pacific Railroad for the year 1882 is
stated by Vice President OakeS as follows:
Three hundred and twenty miles finished in
the Yellowstone Valley, twenty-five on the
Wisconsin division, and 125 up the valley of
the Clark's Fork of the Columbia in Idaho and
Montana, making in all 470 miles. In addition
there have been 200 miles graded. The gap
between the two ends of track in Montana is
now $50 miles, nearly all being in the old set
tied portion of the Territory between Bozeman
and Missoula, where the gold mines attracted
. considerable population as early as 1862. The
present end of track on the road building west
is at Livingston, new town at the head of the
Yellowstone Valley. The total mileage of fin
ished main line now operated by the company
is 1,546. So far advanced is the work on the
uncompleted section, that the opening of the
entire line TO the Pacific coast is regarded as
certain to take place next summer
It is said at Chicago that Vanderbilt has be-
come the leading spirit in the scheme recently
considered at the joint session of the directors
Of the Pittsburg and Lake Erie Railroad, and
She Pittsburg, Youghiogheny, and McKeesport
road, 10 carry out the proposition of the direc-
tors of the Philadelphia and Reading road, and
construct a new south Pennsylvania line.
Twenty millions in bonds will be provided for
by the Vanderbilt interests, and the proposed
road will be parallel with the Pennsylvania
line from Pittsburg TO Harrisburg and will
make an additional through line from New
out on new plan.
The December corn returns received by the
Department of Agriculture indicate an aggre-
gate yield of 1,625, 100000 bushels In the
seven corn surplus States, from Ohio to Ne
braska and Kansas, which produced a record of
twelve hundred and one million bushels in the
census year, there appears reduction of about
two hundred and twenty-five million bushels,
more than one hundred of which is in Illinois,
ahd nearly one hundred in Iowa. The latest
estimates indicate an aggregate yield Of wheat
of 500,000,0O0 bushels.
The finance committee Of the great cotton
exposition to be held next year at Louisville,
KY, appointed Dec. II as general subscriptiop
time TO canvassng the city The result is that the
requisite 100000 has been fully subscribed and
enough additional subscriptions made to largely
increase that figure, and the fact that nearly
LOCO citizens gave subscriptions indicates the
popular character of the enterprise. Its success
is now assured beyond all doubts.
Seventy-one miles of fourth track has been
completed on the New York division of the
Pennsylvania Railroad this year, and fifteen
miles more are in progress. An order has been
given to a New York company to finish fifty
engines as quickly as possible. The Altoona
shops are turning out locomotives at the rate of
109 per year. An order has been placed with a |
foreign company to build 600 freight cars as
quickly as possible.
1t is now believed that the consolidation of |
the Eastern and the Boston and Maine Rail- |
roads, through lease of the former to the lat |
ter, is possible before very long. The election |
of board of directors of the Eastern favorable |
10 the project, and the strengthening of the |
position of the road by the election as its pres
ident, of President Jackson, of the Maine Cen |
tral Railroad, are taken strong indications of |
the ultimate success of the long-cOntemplated |
scheme.
There were 230 failures in the United States |
reported to BrddstreetS Journal during the past |
week-l7 less than in the preceding week, and |
65 more than In the corresponding week last |
year. The Middle States had 90, decrease of |
ID; Eastern II, decrease of %; Southern 81,
an increase of g; Western "a, an increase of 5:
California and Territories 28 an increase of IL
Canada ID, decrease Of 6.
The statistics of the cotton trade of st. Louis
for the year ended August 81, show that the
gross receipts were 1863 579 bales Of this Num-