The National tribune., 1883-03-15
OUR GROWING COUNTRY.
Its Industrial, Commercial, Railroad,
and Agricultural Development
FINANCE AND TRADE.
Latest Reports from Leading
Business Centres.

SSs %. oncTatinp expenses aud taxes, S10,727,-
0s9.2S; surplus earnings, S12,O96, ,o3iSo; inter-
est and dividends collected on investment
securities. 81 I'll G9935; total surplus earnings,
Ii.307.g&i3l The total funded debt of the
company is 800, III. 70555, less amount held by
trustees of consolidated bonds, $S,o12,2Ga, leav-
ing the balance outstanding SSl, ,S4oooIo0
Tie following officers were chosen: President,
Sidney Dillon, of New York; vice president
Elisha Atkins, OF Boston; general counsel, SD
~ Bartlett, of Boston; general solicitor, John
Z Dillon, OF New York: secretary and treas
urtr. Henry Mcfarland, of Boston; assistant
secretaries and treaSurcrs, o. ". Mink, OF Bos-
ton, and James NJ Ham, of New York.
4 remarkable material called "terra-cotta
lumber" has recently been brought to notice.
It is composed of the top layer OF nre-clay beds
and sawGust, exposed 10 heat and pressure.
Slabs. bricks and boards of any shape may be
nodded from ii. and il is capable OF being cut
by edge tools pierced by nails, sawn and other
wise manipulated, just as wood Is. But the
strangeSt feature about It IS that IL STANDS,
wi; hant any apparent effect upon 1t, q more
intense heat than fire-ciav viii bear; and for
lining furnaces, for bridge walls IN smelling
furnaces. and other places OF exposure 10 great
heat il viii be a valuable and almost lneXpen-
siye substitute for asbestos. Water seems to
have no destructive influence upon 1t. Its
weight is about that of an cqua! mass OF clnder,
BIG GoloI varies llblll Jun ~ SlOS o''A
mon. No doubt il viii be found Of great value
for building purposes.
Silver Spring. in Georgia, is said to be the
largest spring in the world. 1t is the source of
the Oklawaha River, which is sixty feet wide
at the start, ten feet deep, and with current
flowing two miles an hour. All this vast
quantity of water comes from the spring,
whose only inlets are at the bottom. 1t is
about two acres in size, and its mysterious
depths have never been explored. There is an
Indian legend about Silver Spring of course.
Wenonah, the beauty of the tribe that inhabited
the neghboThood. won the love OF Chul!ootah,
a hostile chief. Her wrathful father slew the
lover. and then WenOnah drowned herself in
the spring, which was then small, but was in
stantly enlarged TO its present proportions by
the Great Spirits abundant tears Of sympathy.
Commodore Garrison of New York, Gov.
Foster of Ohio and number of electricians
have been watching during the last few days
IN Cleveland the testing OF the new telegraphic
line between that city and New York, which,
il is claimed. viii revolutionize modern sys-
TENS of electrical communication. No details
OF the new method are given, but it is stated
that the Cleveland operator succeeded in trans
mitting a message Of over 1.;lG0 words to New
York, and receiving his Q. X. from the operator
at the other end, in less than a minute. Mes
sages Of GEO and 500 words were transmitted in
from 30 to 40 seconds.
The largest single purchase of live stock
made so far during the year has just been
completed. Robert Mctiaughy. of the Chicago
live stock commission firm of Darlington, Nc
GauChy K Co, has purchased The entire Texas
herd, well known throughout the whole South
west as the %. l." brand, formerly owned by
Lees Harris. This herd ranges in Texas in the
Colorado River country. The total number of
cattle included in this herd amounts TO over
I7,00o. The cash price paid was $225, 900.
The weekly statement of East-b bound ship
ments shows the heaviest tonnage ever sent
East in single week. The largest heretofore
was 81, ,544 tGns for the week ending December
l3 The total for the week Just past was 69,510
tors, against 59,937 tons for the week previous.
The increase last week was confined wholly TO
grain, while there was a slight falling off in
-four and provisions. The unprecedented ton
mage is due in part to the improved condition
OF the weather.
Madison Square Garden, of New York. is to
be torn down and a structure similar in charac-
ter to the Palais Royal, Of Paris, erected. The
New York Herald SAYS Iessrs William II. Van
derbilt ard Edward S. Stokes are principally
interested in the enterprise. 1t is estimated
that the rent Of the 13O shops to be provided
on the first and second floors viii aggregate
$4,000. On the third viii be a grand concert
hall and conservatory. The plan is expected
TO necessitate the outlay of about 100000.
Secretary Weeks of the Western Iron Asso-
citation, (PittSburg,l thinks that there is still
chance left for saving the on-making indus
try under the provision of the clause of the
new tariff law, which provides that where two
rates OF duty are applicable the higher rate
shall BE- taken. He SAYS t1eTe are two rates in
iron rods, and as importers ar compelled to pay
the higher, American maauta our-r, may be
able to compete with foreign manufacturers.
Since the resumption of navigation. two
weeks ago, the st. Louis and Mississippi Valley
Barge Company have taken from St Louis
llOO,cl0 bushels of corn in bulk and 346 253
bushels Of wheat TO New Orleans for export
In addition to this over $500 tons of package
freight, consisting of flour, pork, meats, &c,
have been handled by the company, ing a
total Of 46,025 tons.
At the annual meeting Of the New England
Manufacturers and Mechanics Institute at
Boston on the 9TH inst it was announced that
the Southern States were taking a lively inter
est in the coming exposition in that city, and
that the most encouraging reports had been
received from North Carolina, South Carolina
Georgia, Alabama, Florida, Mississippi, and
Louisiana.
The Wisconsin Legislature has bill before
II which provides that every railroad company
doing business in the State whose gross earn
iilg9 exceed SoVJD a mile per year shall not
charge more than two and one-half cents a
mile for passenger travel. 1t also provides
that companies shall sell 5GO-milc tickets at
the same rate, which shall be transferable
The Chicago ST. Louis ana Pittsburg Rail
road Company has made to Conrad Baker, of
indianapolis, aDd the Union Trust Company,
Ci New York IS trustees, first mortgage for
S>z,eJG,"i". due and payable October J. 1892,
with int ss,s- at per cent The mortgage COW
eIs all ia. property Of the company.
The Sis.t fc Aascyjcan says that the haulage
Of our ra'iF~svs employs over 1900 locomo-
tives, ano trd5 the aggregate cost Of running
them, sia- ~ fuel, water, repairs, and engines,
Is about &'t, ,.t1.OJJ, or rather more than 5000
Tor each ,nnine. The item OF fuel alone is
&}3,CCo, ,1t, Bat the waste in fuel is enormous.
Ii is calculated that 73fO20 persons entered
The United states last year rs immigrants.
This is the TARGET total Of any one year in the
bist.ry Of the EePublic-!argar by 1900 even
than the total for 1851. Nearly Eve millions
have IN this way teen added to the population
ef the states since 1870.
The municipal debt Of Evansville. Ind. in
cuTrla principally to facilitate railroad con
stEus-cA, Is "a heavy one, and, though the in
tercst on il IS nearly due, the treasury is
slpty. II Is believed however, that the
people aIe able and will meet il, and thus
syeid republication.
Mr Henry Kimber solicitor, Of London, has
lent the English colony az Rugby, Tenn,
&@5,G1j. tax ~ as a security mortgage on the
tract Of 5000 acres Of land belonging TO the