Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1884-09-16
Viliari'S Statement to the Stock
holders Of the Northern Pacific.
TIE COST OF CONSTRUCTION LARGELY
UgDEsEs-!yA-ED.
&c Says &c st-ovs cons:!e-..cusiy Il
% lis Whole Duty.
THE DEFEAT OF GEN. 0ACERES
AT LIMA.
The Closing of Thompson's Bank at
Rockford, Ill.
ESPECIAL 10 TIE SENTINEL
VHIardss plea.

puDllsned, IN mpl lOlm. . Ious stasc
ment to the Northern Pacific stock
holders, in review Of his labors in behalf
of the company and in justification OF his
career. He shows how the engineers
enormously underestimate the cost OF
construction, and that by the refusal of the
President to act upon the application Of
the company for the appointment of Com
missioners to inspect the additional fin
ished mileage in 1882, he caused their
money, and their refusal shut all other
doors against them. Describing the situs-
ton, Willard says this: Il was actually
brought face to face in February, 1882,
with the necessity, at no distant date, Of
suspension of payments and its cslsmitous
consequences, bankruptcy and foreclosure,
unless relief could be obtained from some
quarter. / considered it my duty
TO extend to the company personally all
he assistance in my power. Next | ar
ranged with the Oregon d Transeonti-
mental Company to assist by the loan Of
Its credit and of its assets to be used as
collaterS ls By your company. l COM
menced to make cash advances on my
personal account On April IA, and l con-
tinued them until Aug. %, when they
reached the maximum amount of three
million four hundred and forty-one thou
sand dollars. I lent this great sun with
out any security whatever, and at the risk
Of personal ruin. In view Of the foul
calumnies spread about my management,
| claim it as my privilege to give due
prominence to this fact; nor will it be i'm
proper, in view OF the attitude recently
assumed towards me by certain members
Of your Board of Directors, to say that my
record in this respect will suffer nothing
by comparison with the terms on which
they loaned money to the company. Here
follows a long array of figures, showing
how the engineers last estimate was Sc
per cent. Here is the true key to the sole
cause Of you and my disappointments
and the reverses TIA have overtaken the
Oregon & Transcontinental Company and
me personally. / strove constantly as
President to do my whole duty to you
co~nscientiously and to the best Of my abil
ity. l did this at the expense of my
health, my peace and my private fortune.
A Lively Little Revolution.
PANAMA, Sept. 15.-The most important
news from Peru is the complete defeat Of
Gen. Caceres, the principal revolutionary
leader, which occurred at Lima on the 9th
ult. On the morning Of that date Caceres
entered the capital of Peru at the head of q
savage mob Of mountaineers, who rushed
through the streets yelling and firing off
the guns. On the preceding evening, the
Government troops had been concentrated
in their barracks. The entry Of Csceres
almost amounted to q surprise. His party
obtained possession Of the barracks OF Es-
piritu Santo and OF the Churches Of Mer-
ced and of st. Augustine. They also at
tackled Guadaloup, q station Of the English
railroad company. There were some $50
| killed in Meercaderes and Bodegot streets,
near st. Augustine Church, and the Palace
Square, where the firing was hottest. All
the telegraph wires were cut four miles
from town and 40 trains ran. At st. Aug
Justine Church the fighting proceeded with
closed doors.
Another Heavy Bank Collapse.
ROCKFORD, ILL.,, Sept. 15.-N. G. Thomp-
sons bank closed this morning. A notice
was posted on the door Of the bank, and
signed by N. @. Thompson, President,
| which stated that, "Owing to the ~stringency
OF the money market, / am unable to meet
my obligations as they mature and I am
compelled to suspend. Ny assets belong
to my creditors until their demands are
satisfied. Believing from common expert
ence, that an assignment would result in
unnecessary loss to my creditors, l have
determined to apply my assets directly to
satisfy my liabilities" These are stated
to be $500, 900. The assets include stock
in W. Thompson's mandatory, and this
is believed to be sufficient to cover all the
liabilities.
The Age Of the Rocky MOuntains.
OTTAWA, Sept. 15.-Several members Of
the party Of British scientists in the
Rocky Mountains had a narrow escape
from q fearful death Friday while explor-
ing the railway tunnel below Kicking
Horse Lake. Four miles Of the tunnel
suddenly collapsed and p~recipitated an
| immense mass of rock in the midst OF the
party, two OF whom we're slightly injured.
The biologists have obtained data by which
they expect to be able to finally establish
the exact age OF the mountains.
or for the Nile.
QUEBEC, Sept. 10. The steamship
Ocean King, with Canadian voyagers for
the Nile on board, arrived here last night
and was visited this morning BY the Gov
| ernor General and Lady Lansdowne and
Hon. A. P. Caron, the Minister Of the