The National tribune., 1883-11-08
OUR GROWING COUNTRY.
its Industrial. Commercial, Railroad,
and Agricultural Development.
FINANCE AND TRADE.
Latest Reports from Leading
Business Centers.

The first bale Of cotton ever picked from the
field by machinery was shown at the Cotton
Exchange ii Charleston. S. c., on the 30th nit.
Its condition was pronounced as good as hand
picked cotton of the same grade. 1t was con-
ceded that il placed with others it coald not be
distinguished from hand-picked cotton. The
bale was picked near Sumter. s. c., by a cotton
harvesting machine invented by c. T. Mason,
Jr Il Is operated by one horse and one man,
and VIII harvest p TO full bales day. The
bale viii be sent TO the convention Of the Ma
tional Cotton Planters Association at Nicks-
burg next month.
Articles of incorporation of the United States
Central Railroad Company, with capital OF
$.5899000. were fled on the 30th ult., at Den
yer Colo. with head business Offices in San
Francisco Among the roads promoters are
NJ. ". Walker. president Of the st. Louis and
Hannibal Road: John Sharp, president of the
Utah Central: Richard King. of the National
Bank Of Commerce. New York, and John G.
Short. president Of the American Finance Com
pzny. New York. The company is CONSOLE
dation of the San Francisco and Ocean Shore
California Central and Denver, and Hot Springs
and Pacific Companies.
The annual report of the Commissioner of
the General Land Office recommends the repeal
OF the pre-emption, desert land, and timber
culture laws as much Of the most valuable of
large capitalists through the medium of these
laws There were taken up I9,030,7S6 acres of
public lands and So. 235 acres OF Indian lands,
being an increase Of ., l20,S66 acres over 1882.
The total receipts from the sale Of lands were
S1I.7i3.ss3. an increase OF S3,3I9s3G7 over the
year ls52.
Commissioner Of internal Revenue Evans. in
his annual report shows the total receipts from
all sources Of internal revenue for the past fiscal
year TO have been SI44, 553. i544Sl, a decrease
oil over 100000 compared with receipts OF
the previous year. The annual saving TO the
GovernIecnt by the consolidation OF the inter
MI revenue districts is Sl25,09G
Th&NeE York Chamber of Commerce has
adopted resolutions hat stock watering by cor
poratious SHOULD be made misdeneanor; that
capitalization OF surplus earnings should be
prohibited by law. and that Government con-
missions shoald be created to supervise copper
stions TO arbitrate between them and their Gus
TONERS, and regulate charters.
The State Of North Carolina. on the 3lst ult.
sold 10000 acres Of land known as the Big
swamp and situated in Robinson county, on
the Carolina Central Railroad, to O. III. Blocker
OF North C-srolina. and Geo :. White and w. N
Jennings, Of Pennsylvania, for 27l cents PEI
acre The buyers intend to clear ii at once foI
agricultural purposes.
he PUBIC debt was reduced S1b,530.oHV lasl
month making reduction of $50 100000 fol
the four months Of the present fiscal year. The
amount Of gold coin and bullion in the Treas
nrv on the LIST inst was S2o9 900. the largest
amount ever held before at one time. There
arr SII6.090.G09 IN standard silver dollars on
hand.
A capital Of $4,000 hes been subscribed for
the establishment Of the Star iron Works al
Camden. N. J., under the title Of the Camden
Iron Works, and work VIII shortly be resumed
The works are the most extensive Of their kind
IN the United States, and formerly employed
over 2,0je men.
TIE total coinage Of gold At the minis Of the
Tinted SFatcs during the last fiscal year VA
s-5srf.eG7; Of silver SIS, So 40. Directo
: Bnu-hssa estimates the coin circulation in tb-
United states 70 be S5z4, 5I2.699 Of gold and
t2352.l .323 of silver.
The Michigan and Mississippi Canal Comis
sien was organized in CHICAGO, November LIST
br > larae mnlIbar IF representative citizens o
the country. The object is 10 secure confirm
pus waterway from Lake Michigan TO tht
Mississippi River
Tp to Cctober % tlftv-eight whales had beer
taken IN the Arctic by feet OF twenty-five
vessels Ten ysssf l. lad not reported. Tt
seasgn is considered failure