The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1884-08-12

the torch being very great indeed. The
framework, therefor, runs down almost TO
the center of the@body and well below the
center of gravity Some people-and
among them Mr.. Story, the great Ameri-
can sculptor-thinks the statue will never
stand, and that the winds and waves will
play havoc with it. It'is not solid enough,
and never can be with its epidermis of
mere copper and sand. If it could not
be IN solid metal like the older works.
it might have been in masonry wood
covered with copper plates. But this is
question for engineers rather than artists.
and the engineers are quite convinced
that Liberty will resist the Atlantic
storms.
The New York Times prints a page
article giving the inside history of the
Union Pacific >Railroad 1t tells the
story of Dillon s resignation of how Ed
munds put check on rascally legislation
last Spring, and put Mr.. Adams In
Dillon's place The article concludes as
follows: 'The Union Pacific now owes
the Government $33, ,53O,512 subsidy
bonds, on which the interest unpaid
amounts to $40, ,054, ,489 and is increasing
at the rate of $1,000,000 year. This
becomes due in twelve years. 1t has
$27 ,299,0 first mortgage bonds and
enough others to bring the bonded debt
up to Silt, ,487, 492. with $61, ,000,0
stock, total lien of nearly $232, 900, 900,
a sum sufficient to build the whole road
three times and to spare.
s'The road is almost bankrupt Paral-
leled by other lines to Ogden with three
completed transcontinental lines, it is
hardly able TO earn its bonded charges.
Weighted with illegal debts it is stagger-
ing to insolvency. The earnings are fall
ing away, trains are being taken off and
its country is being invaded by rival
lines. Rates of fare and freight are fall
ing. 1t is competing with roads having
one-third it's debt. The Union Pacific
has seen it's best days. Having robbed it
of its blood, Gould now seems ready ut
last to throw aside the wreck, provided
he can escape the penalties provided by
law His stock and bonds have been
largely disposed of to others. They must
suffer from the shrinkage, which has re-
duced stock to one-third of it's former
value''
The Missouri-P Pacific and st. Louis and
San Francisco Railway officials received
notification on the Both ult. that the At
lant1c and Pacific has notified the Trans
continental Ass sociation of its purpose TO
withdraw from that association ninety
days from the 18th inst. No reason is
assigned.
VERY LATEST.
By the p. NJ. S. S. City of Sydney, we
have received the following very latest
news from the Coast:
Dr. w. II. Miller fatally shot his step
mother at WATERFORD, S. c., a few days
ago.
Rev. G.. w. Huickie has been arrested
at Cleveland, o., for seduction and bas-
tardy.
1t is reported that the crew of the
schooner Julia Baker, from New York to
Point-a-Pitrie, mutinied and killed the
captain.
Alexander Jefferson (coIored) was
hanged at Brooklyn on the 1st.
Three men were hanged for arson at
SEQ tsboro, Ala, on the 1st.
Two persons were burned to death at
New York on the 1st
The ''The White CameIlia,' - a power
full secret society in the South, is being
reorganized.
Miss Freeman was married to Edward
Mucklow on her death-bed at Dunmore,
Pa.
The fish in Fourth Lake, Wis, are
dying by tons daily from some unknown
cause.
War between France and China is again
said to be inevitable.
There were only two deaths from cholera
at Toulon on the 1st. as