The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1885-05-08
TELEoRAPHIc DISPATCHES.
GENERAL NEWS.
THE LEASE OF THE o. R. & n.

THE LEASE OF THE o. R. & n.
New York, May 3.-The lease of the Or
egsn Railway and Navigation by the Union
and the Northern Pacific has been the prin-
cipal topic of discussion in railroad circles
the last week. With both the Union and
Northern Pacific using the Oregon Railway
and Navigation line to Portland, and the
Crimson road building through to San Diego,
the Central Pacific will have both northern
and southern lines to contend against, with
power on their side to enforce fair division
of traffic. or in the event of refusal, to de
moralize rates SO that all profit in the bust
mess will be geHs.
DESTRUCTIVE HAIL STORM.
PETERSBURG, Va, May 3.-A hail storm
which passed over this section Friday after
neon prevailed in many other localities, and
extended into North Carolina. ALI the
growing cotton, corn and vegetables were
destroyed and farmers will be compelled to
plant again. Hail fell to the depth Of twelve
inches and whirlwind prevailed the center
of the storm, blowing down barns. fences
and sheds. In some places in Surrey coun-
ty, THIS state, hail fell to the depth of eigh.
teen inches, aud 10 some spots drifted to the
depth of four feet.
GENERAL GRANTS CONDITION.
New York, May 3.-Doctors Douglas,
sShrady and Sands met in consultation at the
house of ienara Grant this afternoon. AS
Doctors Shrady and Douglas were leaving
the house they were questioned, and said
that Saturday night was one of the best
with the general since the recovery began.
The general slept well all night. The can
-cerous liaanF at the base of the tongue at
present was mot progressing. liberated
portions of the throat, though not by any
means treated. were clean, and the Gener
ais physical condition is improved The
.grandular swelling that hal increased on
Saturday afternoon had almost disappeared
by Sunday. by reason of rest. When
pressed to say if the cancerous lump had
iimproved, the doctors declined to say furth-
or than the above.
PANAMA CANAL.
New yoRK, MAY 4.-The Times con.
.cludes, from reports of our naval officers, of
which it presents summary affording the
latest and most complete presentation OF the
condition and prospects of the Panama canal
that it caanot be completed in less than five
years. nor at a less oast than $3.50, ,O0o, 900;
also that if its net receipts when completed
should be as high as $l3, Zoo, 600 annually,
fixed charges would swallow up the entire
amount. 1t is doubtful. in point Of fact, if
the interest on ITS obligations could be met
to say notiaing of'diyidends on it's stocks
On It's ability to raise money when its pres.
sent resources are exhausted, as they are like
Iy to be in about a gear. depends absolutely
the ability of the company to go on. If it
goes into financial straits, what will be the
consequences? Too nuch will have been
done and too much expended to admit of
the scheme being rapidly abandoned. Will
mot the interposition of the French govern
snent be then invoked, and political compli-
cations. so often prophesied, come in.
CUS IN PASSENGER RATES.
NEw YoRK, May 4.-The Tribune saws
The war ON transcontinental passenger traf-
NC is slowly but surely increasing in bitter
mess. Rates have been cut not only from
here to San Fran ciace but to Portland, Ore
goa. The old tariff from New York to San
Francisco was 5000, but gradual reduc-
tions by lines engaged in the conflict have
reduced il TO $50. This was the rate at the
beginning of the week, but it was cut to
S4s- Frank 4 Co.'S Astor house office re-
dacea the rate to Portland yesterday to
$A. The rate to IS an Francisco was cut
down to $43, and tit ;kets are sold here over
III traak lines except the Pennsylvania
road It is though that fares will suffer
Anothsr decline this week. Rates to west
sra points this side Of the Mississippi are
still ruling at about the figures which have
Rzsvalied for sems time.