Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1884-11-08
GENERAL NEWS.
[LAs7 NIGHTS DISPATCHES TO THE RrcoRD-rsIoS.l
DOMESTIC.

of real estate owners and leSSeeS of property
on Murray Hill was held last night at the
Windsor Hotel. V. X. Stevenson, 4 large
real estate man, told the company: when
the bird of fashion took its fight from
Second avenue to Murray Hill, the Chinese
laundries started up where wealth and
swelldom used to dwell. and property in
Stuyvesant Square dropped 500 per cent.
When the bird of fashion changed its place
of residence again to Lenox Hill, and Chi
nese laundries dotted Murray Hill, property
there would go the same way. Gentlemen
had built residences, or owned row on
land in the area bounded by Forty-seventh
and Fifty-tirst streets, and Fifth and Sixth
avenues, owned by Columbia College. The
land was leased for -four terms of twenty-one
years each, at five per cent. of valuation.
The first term had expired, and the trus-
tees OF the college put new valuation on
the land that advanced rentals tremen-
dously. One house, of which the ground
rent has been 1890, the trustees propose to
increase the ground rental to 81 800, to
which would be added 81 600 in tax. a COM
mittee of twenty was appointed to wait on
the trustees Of the college, to induce them
to modify their demand"
What a British Naval Officer Says About
the Panama Canal.
New YORK, November 7th.-Captain Bed
ford PIN, of the British navy, replies to
Captain Gorringe's statement and references
regarding the Panama Canal, which Cor
ringe thinks will be completed in Il few
years at cost of $120,000000 PIN says
no comparison can be fairly instituted be-
tween the Suez and Panama enterprises.
have now before me at this hotel box full
of geological specimens brought by me
from Panama last month, which SO far as
their determination as to the excavation at
any reasonable cost is concerned. are suf-
ficient to appal the stoutcst hearts by their
obduracy, or eccentric cropping up, when
least expected, in the shape of either
powders of large size or rock so
hard as to defy in many instances
the ordinary tools. When to this is added
climate, bad enough TO establish yellow
fever as an epidemic, and laborers who
defy alike any financial calculation or con-
troll, | feel sure the Panama canal cannot
be completed for any reasonable sum of
money, or within any reasonable time. !
have seen that day when a 1.-THE of the in
trusion now perpetrated by the French at
Panama would have raised such a storm of
just Indignation from Maine to California
as would have made the Monroe doctrine
stand out in greater relief than ever. But
to hear Captain GOrringe gravely assert
that the French people cannot afford TO
lose S20000,000 already invested, and no
French Government could exist an hour
that would hesitate at a critical moment to
extend its financial aid to complete the
work, is to my mind the most curious
American phenomenon | have ever oh
served"
Business Failures
New York, November 7th.-The failures
the country for the past seven
days We're POS Il marked decrease over last
week, when the total was 267, and the pre-
vious week 25S. The decrease arises in
the New England and Middle States and
New York city.
Further Reduction in Passenger Rates.
New YORK, November 7th.-Kicrnan's
News Agency states that the New York
Central Railroad has just reduced lis rates
TO Chicago TO $f1. This gives the West
Shore Z differential rate OF 81 90 West
Shore tickets sell at 50 so and brokers pre-
dict greater reduction.
New York Stock Market.
New YORK, November 18th. - Stocks
opened heavy and lower. and in the first
few minutes of business prices dropped
to Il. Union Pacific sold down to Il,
Laclawanna to 1903, st. Paul to 735, and
Western Union to 573. Later there was
rally, but at the present writing. 1915 A.
NJ, weaker feeling prevails.
New YORK, November 7th-1:30 A. NJ
\ much steadier feeling exists in the stock
market and prices are better all around.
Union Pacific ran up to 4S3, and Western
Union 10 58!, Northwestern S49, and New
York Central 81. In some cases prices are
higher than at the close yesterday.
New YORK, November 7th-1l 4. NJ
Stocks continue to improve, and prices cur
rent show an advance of to L from the
lowest figures of this morning.
The Protection of the State Troops Re
quested.
COLUMBUS Ohio, November 7th.-Presi-
lent Greene, of the Columbus. Hooking
Valley and Toledo Railroad, has requested
Governor Hoadly to order out the militia
On account of the burning of bridges in
Hooking county. Sheriff McCartv. of
Hooking county, to-day telegraphcd to the
governor to order out the troops. He saws
Murray City was attacked last night by 800
)r 100 miners, who used tins filled with
giant powder, with fuses attached, and
some dynamite. The Sheriff says he could
manage Hooking county if Perry and
Athens counties were looked after. No
rouble has been reported so far TO-DAY.
Governor Hoadly is in Cincinnati, and the
all has not yet been answered
Proclamation by the Pre-
sident.
WASHINGTON, November 7th.-The Pre-
:ident has issued the following proclama-
ion;
The season is nigh when it is yearly the wont
or this people to observe a dav APPOINTED for
ms purpose by the President as Il special occa-
hon for thanksgiving unto God now there
ore, i'll recognition OF this hallowed custom, I.
hester ~ Arthur, President of the United
states, do hereby designate as such day of gen
eral Thanksgiving Thursday the 9th of This
present November, and / do recommend that
throughout the land the people, ccasing from
heir accustomed occupation, do then keep the
holiday at their several homes, and their several
places CT worship; and with heart and voice
pay reverent acknowledgment to the giver of all
good for the blessings wherewith He has visited
he nation.
statement from the President of the
Union Pacific.
NEw York, November 7th.-Charles
Francis Adams, President of the Union Pa
,ltic railway, has sent the following com
10 Sydney Dillon, explaining
the financial condition of the company:
- During three months, from July to Sen
Jcmberinclusiye, we received just 81 COCOON
a month net from Omaha. BY net | mean
oYer and above the Omaha draft. During
October we received 81 I,505. and paid $3.50,
300 on Omaha drafts, leaving us a net of
81, 100000 for the month. Between now
and the Isl of January expect to receive
3, 00o,0 $50, 900 OF which will be neces-
sary to provide Tor the coupons and matur-
ng during obligations, which must
be paid oil, but | an confident
we will have in these two months
q $4,000 net to apply to the floating
iebt. / may over-estimatc in these
igures, but | don't think | do.
The Pullman notes, given for our share
n the contract, are reduced now 10
10000 The company owes us about
$4,000. Meanwhile our accounts mt Omaha
IRE IN better condition tn in they have been
Tor long time. There are no arrears of
fouchers, and the Auditor reports every
hing well paid up. The reduction of the
ross earnings the past month was largely
iue to the fact OF the changed methods of
leeping accounts Last year we credited
ourselves with about $4,000 freight paid
ID coal used for our locomotives. Of course
Fe never received this money, and il went
INTO subsequent expenses. This wear the |
yStem OF charges in actual and apparent
ross IS decreased in so much During !
therefore, we practically re-
'elved about 100000 more III money than |
asst year propose 10 come on to New |
ORR next week and take hold of the float |
ng debt. From this time forward nv plan |
: to reduce 1t steadily, and by every means !
II our power, until ii is eXtinguished
Suit Against the Stewart Estate.
Nt-u+ N1pr-