The National tribune. [volume] (Washington, D.C.) 1877-1917, 1883-07-05
OUR GROWING COUNTRY.
lis Industrial, Commercial. Railroad,
and Agricultural Development
FINANCE AND TRADE.
Latest Reports from Leading
Business Centres.

generally known that Beaumont & Foot have /
been sinking a well for oil, and about three |
weeks ago there was rGmor that on had been /
struck, but the rumor was then hushed up. |
The secret, however. grew too great TO keep |
on the 25th ult q public test was made. The /
engine was started and FIVE barrels of crude /
oil was drawn up. The well was sunk 600 feet
and the oil rose 400 feet, and is pronounced by
experts TO be crude oilin its purest state. A |
company has been organized, and other wells
viii be sunk immediately. Great excitement
prevails and property IS rapidly advancing IN
value. All the adjacent Land had been quietly
leased for period Of twenty years before the
announcement Was made That OF had been
struck.
The Georgia railroad commission is composed
of practicsa business men, and they evidently
do not intend t0 be mere Ggure-heads. The
latest move of :he commission is The Issuing OF
an order that eacb railroad company IN that
State shall forthwith provide at each station
ample and suitable depot or shed room for the
reception and protection from damage by
weafhero OF all merchandise that may be offered
for immediate shipment over their respective
routes Where depot room Is not now sufficient
for this purpose the erection of suitable sheds
is ordered. TO be properly doored, rooted, AID
Enclosed on ali sides. The order Is peremptCry,
and willis; not satisfactory to the railroads, is
gratifying 10 ali shippers and receivers OF
freight.
From advance sheets OF the June crop report
published by the State board Of agriculture, it
is shown That the estimated increase in the corn
acreage OF Illinois ever that of loS2 is 3 per
cent. making the corn area this year over q,
100000 acres. The condition indicates yield
thTee-fourths as large the average, or 1885,
10000 bushels less than the crop of 1882. The
condition OF broon-corn and sugar-cane is dis
couragiDg. Winter wheat prospects are not as
and no -asfi
000,096 bushels. Oats are nearly up TO the aver
age condition, and the prospective yield is &c.,
090000bushels Rye, fax aid barley have fallen
of 10 per cent. in acreage. There viii be l00,-
000 acres Of Irish potatoes. Severe fross have
greatly injured the fruit crop.
Work on the south tunnel under the Hud-
son River is now being successfully prosecuted,
sections of ten feet each being completed every
twenty DAYS 1T is thought less difficulty viii
be experienced in the new eaisson than was the
case ia the north tunnel. OF that tunnel 1000
feet have been excavated from the New Jersey
side, and I70 feet from the New York side. The
north tunnel, it is stated, can be finished in
eighteen months and the south IN six months
if the money is furnished promptly. In mag
nitude the tunnel under the Hudson isequal TO
the great bridge over the East River, and both
viii be striking monuments 10 the enterprise Of
the present century.
The Chicago Times special from Indianapolis
says; A stupendoas railroad scheme has been
developed here. A number of persons from
various States throughout the West lately met
here In secret convention for the organization
of what they cali :. The Peoples Railroad Com
pany Of america" whose purpose Is TO huildt
lines Of double-traek narrow-g2uge railroad
from New York 10 San Francisco and from
Chicago TO New Orleans with S300,09009o of
stock, 10 be subscri bed ia shares, say 50 each so
that every poor man IN the country can be a
stccEholder in the railroad. Enri Kennedy, Of
this city, is at the head OF the scheme"
All the glassware manufacturers, on the 30th
ult, except three bottle factories in Wheeling,
West Virginia, shut down for six weeks rest
in accordance with the action of the American
GlassbioHers Union. The stoppsge Of the two
factories in that city involves the iGleness of
about $50 men, 500 boys and 200 girls, and the
three at Martins Ferry. Just across the river,
Will swell the total of idle persons TO 200 men,
1900 boys and so girls. The two window glass
factories at Bellaire also shut down.
The PicnyRHe Of New Orleans, says: The
July interest on the bonds Of the city aggre-
gates about $I64,0oe OF this about $4,000
will accrue on ten and fOrty-year bonds The
latter amount win probably be raised by the
city-debt syndicate through banks, but the bal
ance OF the interest viii be passed. Changes
III the tax laws have SO delayed the collection
OF taxes that the receipts prior to July will
mo- be sufficient TO meet the interest due"
Locomotive engine No. 372. of the Philadel-
phia and Reading Railroad, which carried of
the highest honOrs at the Chicago Exposition.
recently made trip over the Baltimore and
Ohio Railroad between Baltimore and WASH
ington. a distance of forty miles, in tirty-seven
and half minutes. The engine hauled four
coaches. The highest rate OF speed attained
Was seyenty-fve miles per hour.
The Chicago city council has passed an orai-
nance, the effect Of which is TO have the NUM-
cipal year end the first Monday In April. thereby
milking valid the saloon ordinance recently
passed, and which practically prevents the State
high License law from going into effect until
that date.
The number Of failures throughout the entire
country for the first half of the year ended on
the 29th ult., as reported by r. G. Dun & Co.
is s,537, against 3.497 during the same period
IN le12. and 2,S52 in 1881. The total amount
OF liabilities Cor the first half OF 1893 is 000-
Oos: Tor the same period in 1882 it was S5o,-
Oos09e, and in lssl, S10.o00,O00.
The National Association Of Master Plumb
ers, IL session at New York, on Friday adopted
o resolution declaring that hereafter appren-
tees to the trade shall be compelled TO serve AT
least five years before becoming master plumb
ers. The next convention VIII be held in Balti.
more, jane 20, 1881.
-Ac tbuSsll4C LLCftlG, IN REPORT OF Dcfr0-
lenIl production for June, says there has been
great decline in the number of wells com.
pletea and rigs going up in the oil region The
daily production is said TO have been less than
IN any June month IN the last six years.
Within the past six months the port phvsi
clan sc Boston has examined . $50 assisted
enigrants. Many OF them were TOO feeble. 10y
reason OF age or other infir1nities for self-sup
port, and must be aided by private and public
.rfs.s t,.f=1, -
gage, and were scantily clothed.
The annual report OF the marine and fisher
les department Of the Dominion Of Canada n,
the year loo2, gives as the total value of th,
Fisheries during the year, exclusive Of fh,
Northwest Territories, SIG 50, O92 an increas,
Of Sl.690,00J over the previous year
The projectors Of the Louisville exposition
have hzed upon prices Tor privileges Lemon
nde laust pay $500; ice cream, $500: cider
$l,@9e: the restaurant s., 500; beer, 5000
and popcorn, s, 500.
AZ the sale of shorthoras from the Hamilton
herd, 1t. Sterling. KY, IN Chicago on the 27tI
nit. Darlington Laliy Fonrth sold for $4,000
arc Darlington Son 81, JOS, to Richard Gibson
OF Delaware Ontario.
An oil wel was struck near Parkersbure
West Va. on the 9th uit which is puropin
ut the rate OF 400 barrels OF % degrees oil De
day. There is considerable excitement owe
she strike.
Reasons Enough FOR PawuIng HIS Watch.