Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1886-08-05

says there are Sufficient to warrant the
formation of company. The company
will start with a capital of 100000 ana
sink shaft. The capital will be increased
to 81, 100000 if the deposit warrants It, ihe
ledge is much larger than at first supposed:
and all the land adjoining the mine VIII De
purchased, if possible.
Grants Art Presents.
WASHINGTON, August 4th.-Sewell, from
the Committee on Library, reported the
joint resolution which passed accepting
from Vim. II. Vanderbilt and Julia Dent
Grant objects of value and art presented by
various foreign Governments 10 the late
Ulysses S. Grant. They are accepted with
grateful acknowledgements, and are 10 be
held by the United States and preserved
and protected in the National Museum for
the use and inspection of the people OF the
United States.
y Setback.
NEW YORK, August 4th.-The Central
Labor Union, in calling a Convention to
prepare the way for Independent political
action in the fall elections, so as TO place
Workingman' ticket in the field, has al
ready struck snag. The BoyeoHer, a
weekly newspaper, which speaks the sentl-
ments more especially Of printers ana
L
entail and intelligent body-says " We
feel confident that workingmen of this
city, notwithstanding the strides that lately
have been made in political education,
have not yet arrived at that point where
they can elect an independent candidate
Of their own choice to the position OF
Mayor"
The Bartholdi Statute.
NEW York, August 4th.-The Sd of Sep
TENDER was the day fixed for the formal
Inauguration of the Bartholdi statue, but
from the present slow progress OF the work
that expectation will have to be abandoned
Only the first series of plates, constituting
the statue up to the knees, are in position
and riyeted together, and not more than
twenty men in all are at work. The lace
of the statue has been placed on the
ground, where visitors can inspect 1t at
close quarters and scratch their names on
! the copper surface if the guards back is
turned long enough. AT the present rate
| the statue NAV be completed six months
from now. The work of putting the sur
roundings in order and finishing the
grounds inside the fort according to the
original plan, will require at least year.
Chesapeake and Ohio Railway Bonds.
New YORK, August 4th-C. P. Hunting
|
bondholders of the Chesapeake and Ohio
Railway Company, relative to the new ar
rangement for currency bonds and bonds
series B. Huntington proposes that the
holders of these classes of bonds shall
make an exchange for the capital stock of
the Newport News and Mississippi cor
poration, that operates under a ase OF
| the Chesapeake and Ohio, Elizabeth,
Lexington and Big Sandy, and the
Chesapeake and Ohio and South
western combined, line of 1882 miles.
The currency bonds are to be entitled to
125 per cent. of their par value in Newport
News and Mississippi Valley Company S
stock in exchange for bonds with unma-
tured interest, coupons attached, series b
bonds, to reserve % per cent. of their par
in stock upon consenting to take 4 per cent.
interest from May, 1856, the maturity of
bonds being simultaneously extended to
May l, 1905. All the legal rights of the
bondholders, it is promised, will be pre-
served Huntington believes this plan will
meet with general and prompt approval,
and the necessary details for carrying out
the foregoing arrangements are now being
| perfected.
The Presidents Vacation.
WASHINGTON, August 4th.- The Presi-
dent will not leave Washington for his
summer vacation until a week after next.
He will go direct to the Adirondack noun
tains, and will be accompanied by Mrs.
Cleveland, Mrs. Folsom and two other
| friends.
The Dental Association.
NIAGARA FALLS, August 4th.-The Amer
lean Dental Association met here yester-
day Delegates were admitted from the
California State Chronological Society, and
from the Faculty of the Dental Depart
ment of the California University.
Nomination Withdrawn.
WASHINGTON, August 4th.-The Presi-
dent has withdrawn the nomination of w.
A. Selkirk, to be Register of the Land
| Office at Sacramento