The National tribune., 1883-03-08
OUR GROWING COUNTRY.
Its Industrial, Commercial, Railroad,
and Agricultural Development.
FINANCE AND TRADE.
Latest Reports from Leading
Business Centres.


Ing Railroad aud Coal and iron companies, on
the 2eth ult, formally surrendered 10 the OIL
GERS of the companies the control ui the prop
erJy of those corporations. President NoWch
has issued a circular of instructions To officers
announcing that the company has resumed pos
session and control of its property and business,
and that, subject TO a few changes. all olle2Ts'
agents, and employees of the rec. fcIs Viii he
retained liz the service of the company. Mt.
Geo. DE B. Hoim is appointed yico-Presioent OF
the company, and relieved OF the duties oi gen
eTai solicitor; George T. kaorchcr Is appointed
general solicitor; 5. B. Whiting IS appointed
general manager and Will have genera. charge
of al the business operations of the company
The shops, foundry, dc. at Reading, formerly
o. the Philadelphia and Reading Railroad Com
pany. are placed In possession OF the Phliadel-
phia and Reading Coal and Iron Company.
Forestry buIletin No %. from the census
bureau Just issued, relates 10 the forests oi
West Virginia Ii says that the forests nave
been largely removed from the ONO ElEer
counties, and that the most valuable timber
along the principal streams. cspecIaliy the
black walnut, cherry and yco" pon!ar' mas
been cullCd in nearly every part OF the state
The area s5ll occupied by white pine Is estl-
mated TO extend over $40 square miles and to
contain about 999000.000 feet of merchantablc
lumber. The lumber product OF the State Tor
the census year was IS0,lI2,030 feet OF lumber,
12.07I .0o0 laths 3,G95.0o9 shingles, 4l,@92o3O
slaves, and l,952,000 sets OF headings; total
value, S2,43l,o51
At the annual meeting OF the stockholders of
the Lehigh Coal and Navigation Company IN
Philadelphia recently, the report OF the prcsi-
dent shows a credit TO the dividend fund OF
s64011.S0, after the payment of all expenses
and fixed charges, and two dividends during
the year OF 81 per share each. The following
board of managers was elected: Joseph > Har-
ris, president; Francis c. Nane!l, ylcepFeSi-
dent; Edward W Clark, Francis 4. Cope, Fisher
Hazard, Charles Parrish Charles Wheeler Geo.
Whitner, John LeisenTing James NJ. Wilcox,
Edward Lewis t. Charlton Henry, Samuel
Dickson.
Judge Ingraham, in the New York Superior
Court on the 25th ult. rendered decision in
the suit of VIM. $ Williams against the West
ern Union Telegraph Company and others. The
motion decided was made for an injunction 10
restrain the Western Union Telegraph Com
pany, during the pendency of this action,
from permitting the transfer of any OF the
So, ,526, $50 of stock of the defendant company
issued under agreement Of January -, 1881, to
the stockholders Of that corporation. The court
denies the motion for the injunction.
A committee to plan an industrial school at
Springfield, Mass, have decided to teach the
.AEESiulents of trades, and not to turn out fin
znsun.sics. The desire is to give the boy
~ 81 - will enable him to choose
"A he recognizes his own adapta-
II thrce or four years of his life may
ID after he leaves school in trying
Fghe how he viii earn his living, and
lrlttIng through Ignorance and necessity
s York where manual labor, not brains, is
Npeue1'
The statement of the business of all lines of
the Pennsylvania Railroad Company east of
PittsbUrg and Lrie for janury, 1888, as com
pared with the same month in 1852, shows an
increase IN gross earnings Of S556, ,036 an in
crease in expenses OF S159,2i4; an increase in
net earnings Of 1896, 1872. All lines west of
PittsbUrg and Erie, for January, 1888, show
surplus over all liabilities of .5I74,9Sl, being
gain, as compared with the same month of
1oS2, of $l32,233.
Three-fourths of the grading Of the Louis
vile Cotton Exposition site is completed, and
laying the foundation was begun on the 1st
inst. The immense building covering fifteen
acres Of ground, viii be completed In July. 1t
has been decided TO have botanical and art addi-
tons. The managers Of the American National
Agricultural Association arc in correspondence
with officers Of the Cotton Exposition with a
view to holding their annual meeting during
the exposition and IN connection Herewith.
An organization known as the Red Rock
Coal and Mining Company" with headquarters
IN Des Moines, Iowa, has been organized. and
articles OF incorporation were filed with the
Secretary of State. The stockholders arc JAY
Gould. Solon Humphreys, Russell Sage, A. l..
Hopkins, j. S. Polk, f. N. Hubbeil and J. S.
Ruaneis. Tho company organizes with $1,000
600 capital and is understood TO own 1900 acres
Of coal lands on the line Of the Wabash in
Marion county.
dispatch from Victoria, 3. c. SAYS that
prcspector, who has Just returned from the
K0a+p1aav- district brinUs n Of al
and silver ore of great richness and purity He
claims the mines are Of large extent and he
estimated that in one location there are 25O,-
Dl9 tons Of ore in sight. The value Of mines at
present discovered, he says, is $500O0GG0 One
seam is 100 feet thick. lie tells Of veins of
pure copper visible in the hillsides
PittsDurg manufacturers vino were inter
viewed yesterday, expressed themselves as glad
shat the tariff battle Is ended. although the bin
s. passed Is not satisfactory 20 all Those en-
gagged Ia manufacturing hoop iron and wire
rods say their business is killed. Pig iron.
sheet iron, and steel manufacturers also claim
10 be greatly crippled. All agree that WAGES
viii have 10 be reduced and some claim that a
general adj ustment Of values viii be necessary.
Over S4S3,CO0 have been subscribed in 81.
LOUIS towards the erection of permanent
exposition building. T. he scheme includes =
music hail. and the buildings are TO BE located
IN Missouri Park. All branches Of trade and
business arc represented III the subscriptions.
and the only difficulty seems TO be to keep the
contributions within bounds.
The length Of track Of the Pennsylvania
Railroad Laid within the bounds Of that State
aggregate 2.200 GaiCs This does not includc
side tracks or doubled-jracisc portions Of its
lines The tota, length OF the lines owned.
leased, and controlled east OF PiU,.,ur. is
S,S39.52, including 40G miles Of canals and fer
les.
The bin TO incorporate the international Rail
road aad Steamship Company has passed the
Flcrias Legislature and been signed by the
Governor General Gordon, OF Georgia. is he
leading spirit of the enterprise. which is To
build a uunk railroad down the bacI,bonc OF
the Fl0giGa peninsula 10 Key West. The COM
pany has 4 large land grant.
IL the casc of the Commonwealth or Ken
taelsy against thc Louisville and Eashyillc
Railroad Company. Judge Majors II Frankfort
has affirmed the const.tutioIal.ty Of the act
creating {. railroad commission. and decided
fha- i-c state has 10 tax r:,iirgals .-rg.iu., "a
the easesSilcIts :aade by the commission.
The Cleveland Furnace Compa!,v. o-,aratipe,
En1ec 2 lease for the furnaucc and mines of the
S.oub2IYille FuTnapcc and irou Colqpanv at
St-Ebenyille, Ohio, on the 1st inst failed. Their
liabilities are $4,000: assess from $yQ.0g1 10
$1,000.
Governor Cleveland Of New York has ~
faI7scd 10 the Assembly with his veto he hin
reducing the rate Of G.2c or The New Yor{,
Elevated Railroad, wiCh message aiYing his