The National tribune., 1883-03-22
Rugby colony, and is covered by valuable tim
Der and underlaid with coal.


Der and underlaid with COAL
The receiver appointed TO take charge of the
Marion Trust Company. located in Indianapolis,
Ind, reports that the concern has been in ex-
istence about one year, during which time
nearly zoe have been taken in and $50, 900
paid cut. The victims of the swindle number
about 5000, and the average amount received
from each was $40. The investigation thus far
shows that the assets consist of some Office fur
niture aud cord or more of circulars. The
liabilities cannot at present be ascertained, but
the concern is not likely to pay anything. Mr..
Collier, the manager, has been absent in Chi
cag0 since the receiver was appointed, where
he is interested in a similar institution known
as the Union Benefit Association. The Indiana
concern has been doing business IN Illinois,
Ohio, Kentucky, Tennessee, Mississippi, Mis-
souri, and Alabama
The annual meeting of the stockholders of
the Chesapeake and Ohio Railroad Company
was held at Richmond on the 18th inst. The
report of President C. p. Huntington for the
calendar year 1892, to which the fiscal year
now corresponds, was read by President Wick
ham. Ii shows the following figures: Gross
earnings 81, increase over the previous
year nearly S500,co0; operating expenses So
302 449 increase over the previous year $50, 900
net earnings S1,032,52S, increase over the pre-
vious year $685., 600 The stockholders ratified
bonds of the Chesapeake and Ohio Elevator
Company TO the amount of 100000.
Vertical travel, by means of passenger ele-
V2fors. is rapidly increasing throughout the
United States The first one went into opera
ton less than twenty-five years ago, and now
between 5000 and $4,000 are in constant use
New York alone having $4,000. 1t is esti-
mated that for every new mile of railway
which is constructed, a passenger elevator is
built The travel on them is enormous. The
eight elevators IN the Equitable building in
New York carry up and down daily average
of 10000 people, while several thousand per
diem IS not an unusual number for large stores
and hotels in our great cities.
A trustee deposited securities amounting to
$4,000, belonging TO q lady whose estate ne
had in charge, in the Merchants Bank of Bos-
ton as a collateral for loan. He subsequently
lost the money in speculation, and the bank
took possession of the securities, according to
the terms OF the contract. In a suit against
the bank the Supreme Court of Massachusetts,
has decided that these bonds and stocks must
be returned TO the owner, as they were trans
ferred under circumstances which ought to
have put the bank on inquiry as to whether the
trustee had any right to use them in this way.
DR.. j. W. Bidlack, of Philadelphia. sails for
Europe this week TO promote the sale of a tract
of land in Mexico which comprises 900, 900 of
acres. Negotiations for the sale of this tract
will be begun with the German government,
and DIR. Bidlack expects to make satisfactory
terms with Prince Bismarck. with whom he
has been in communication for some months.
The policy Of Prince BiSmark is to induce Ger
man emgrants to settle in Mexico rather than
IN the several either countries Of the new world.
DR.. Bidlacks associates include London syn
dictate, who are interested in American schemes.
mn
mentS have been contaminated between PreSi-
dent Gowen, of the Reading road, and Receiver
Little, of the New Jersey Central, by which
the Jersey Central will be taken out OF the
receivers hands by the middle of April and
viii then be leased TO the Reading Company
upon guarantee of six per cent. on the stock,
and that President Gowen will then resign
Mr. George Deb. Keim, the vice-presdent;
General George j. Magee, of New York, and
connection with the succession.
A company with capital stock of $4,000
has been incorporated under the name of the
California Ostrich Farming Company. 4 tract
OF 644 acres, part of the old Abel Stearns ranch,
near Anaheim, Los Angeles county, Cal, has
been secured, and viii be placed under the
superintendent of DIR. C. j. SketchIy, who has
had considerable experience in ostrich farming
IN South Africa. One of the ostriches at Wood
eggs weigh three and one-half pounds each.
Returns TO the Department of Agriculture of
the cotton sent TO market from plantations
make an aggregate of 100000 bales gone for
ward up 10 March /. This is about S6l per
cent of the crop as indicated by the last re-
turns Of product. The proportions by States
are: North Carolina and Texas, S3 per cent;
South Carolina, So; Georgia and Tennessee, IS:
Arkansas, 81; Louisiana, IS; Mississippi, SO;
Alabama, 50; Florida, 90.
The old locomotive Rocket" built by
George Stephenson, the first engine ever run
on a railroad, viii be exhibited at the national
exposition of railway appliances, which viii
open at Chicago on the Path inst. 1t is now in
the South Kensington London) Museum. An
other old engine viii be exhibited also, one
from Nova Scotia. and one of the first engines
used on the Baltimore and Ohio Railroad.
Over $1,000 kegs of nails and spikes were
exported last year They went to over forty
different countries including England, Ireland,
and Scotland. Chill took the most, 1.805.50
pounds; Mexico next, J,32l ,512 pounds, and
Cuba third, 1869 f20 pounds. The British
possessions in Africa took 5S1 1857 pounds.
Ex-Governor William Sprague was nomi-
mated for Governor of Rhode Island, by the
Democratic State Convention which met at