Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1885-01-15
LATEST TELEGRAM.
GENERAL MCTES.

THE Illinois Railway Commissioners
will not at present make a general re-
vision Of freight rates, but have made
a few minor changes.
GENERAL GRANT has declined to ac-
cept the proffered fund which Mr.
Cyrus w. Field and other gentlemen
were collecting to relieve him of finan-
cial embarrassment.
NEW enterprises to the number of l.
$50 embracing almost every branch of
manufacture, representing capital of
$105, 900, were organized in the
Southern States during 1884.
THE belief is obtained that the t.Paul
Road will give the Wisconsin Central
terminal facilities at Chicago under
restrictions that will obvlate rate war.
THE Director of the New Orleans
Exposition contradicts report that its
financial conditian is critical He also
denies the report that Congress is to be
asked for an additional appropriation.
AN ice gorge at Montreal has damned
the st. Lawrence, 50 that in many in
stances cellars and streets are overflow
ell. Ii the ice holds, the continuous
rise Of the water will entail serious
damage.
DURING November the net earnings of
the Union Pacific system increased,
comparatively, $127,000 bu6 for the
eleven months ended Dec. 1, the net
earnings show a decrease of $2,1S5.-
900.
H. w. OLIVER a heavy iron manufact-
urer at Pittsburgh, believes the indus
trial depression has reached the lowest
point and the improvement is close at
hand. He says within a short time all
his works will be running full, as will
nearly all other manufacturing cstab-
ishments there.
ESTIMATES of the cost Of the Nicara-
qua canal vary from $65, 722, 600 TO $780,
100000. It is claimed by the opponents
of the canal that it would cost over
5000, 100000 to build.
The Supreme Court decision that, in
computing the longevity pay of army
officers the term of cadetship at West
Point must be included, benefits 1 900
officers to the extent of $500, GOO to $780,
900 in the aggregate.
The counsel for the government In
the suits Of the Union Pacific road
against the United States as to the
moneys withheld for the transportation
of supplies, expresses the opinion that
the decision Of the court Of claims will
be against the railroad. In any event an
appeal will be taken. The amount in
volved is $4,000, 600.
In telegra phing from Milwaukee the
December earnings of the Chicago, Mil
waukeG and st. Paul road the figures
Were enormously given as $1,66f,G 600.
The correct amount is $2,218,9 98, MAX
ing the total earnings for the twelve
months Of the year 1884 $23, ATS, 99S Is,
as against $23,659823.46 for the CORES
ponding time in 1888.
HENRY WARD BEECHER prefaced the
sale of pews in Plymouth church Fri
day evening by few humorous re-
marks. The bidding was animated, and
the total premiums, with rentals added,
make the sum realized $27, 256, against
$50. $3.50 last year. The highest bid for
first. choice was $800-$225 greater than
offered a year ago.
THE managers of the American Iron
and Steel association elected officers
Tuesday CT Philadelphia, B. F. Jones
being chosen president: James M.
Swank, vice-president, and George "
Cope, secretary. The managers oppose
commercial treaties as a means of ex-
tending our foreign trade, and believe
that the safest means Of encouraging
American capital would be tha estab-
lishment of lines Of steamships between
our own and foreign ports.
The failure Of Ewea Brothers, cotton
brokers, in New York, has caused heavy
losses among the people of Western
Iowa, who were led to invest in cotton
"blind pools" with the firm. It is es-
timate that not less than $780, 600 has
been taken out of Council Bluffs and
vicinity by the firm, who, it is claimed,
worked their game very shrowdly by
occasionally declaring dividends, thus
getting their victims to invest more
heavily.