The Hope pioneer. [volume] (Hope, N.D.) 1882-1964, 1886-06-04

country as ut the present. They are not claSs \
who herald their coming with trnmpets. They
move among us silently, carefully, and delib-
erately, observing the condition ct the country
and it's resources, estimating and comparing
the results Of experiments already made and
considering the feasibility Of others yet untried.
They are not adventurers and spectators Ia
fictitious values and townsite booms but are
cool, calculating business men who are laying
plans for permanent Investments. They are ST.
lently and steadily drawing in their capital from
eastern manufactures, which are liable at any
day to fall into the hands, or be laid under seiae,
Of mob Of striking employees, and next rear
will witness the greatest influx Of eastern cap.
ital in Investments in this territory that has ever
been known. The depressing influence Of the
dsorganized condition Of commerce and man.
ulacturing In the east is now seriously felt in
this country, but 1t will ultimately bring to this
country the greatest prosperity It has ever
known because Of the capital It will drive ont
Of the east Into the west To the man who
will reason from cause to effect, the futureof
Dakota was never brighter than at the present
time.-Jamesto,on Capital.
Official Report on the Panama Canal.
NJ. Rousseau, the delegate appointed by the
French Government to inspect the work on the
Panama Canal, has made report which is
likely to be more seriously disappointing to N.
De Leseeps than was the exceedingly cautious
and tentative one of the Hon. John BigeIow,
who assisted at the inspection in behalf Of the
New York Chamber of Commerce, the points
Of which were summarized in our issue of May
s. NJ. Rousseau denies the correctness Of the
canal company's statements respecting its IA
cllities for construction, the time when the
| canal will be completed, and the amount Of
money still required to accomplish the work.
This appears to be the first public criticism in
France Of the canal project, the forwardness
of the enterprise, and It's financial condition,
as these matters have been explained by Its
directors and promoters; and, as result, it Is
announced that the Government cannot au.
thorize proposed issue of lottery bouds to pro-
vide further means to prosecute the work, until
the position Of the company is made clear.
Nearly all the capital thus far subscribed for
building the canal has come from people Of
means, four-ffths Of it being represented by
individual sums ranging from 500 to $500.
Us thus, also, that the French national debt
M mainly held. 10 make these small loans
popular, the canal company wished to float
them with lottery scheme, but governments
al authorization Of such scheme would be a
most serious affair in the event Of any failure
to complete the canal or the intermnable post.
ponement therof, with constantly added cost
DeLesseps may, it is true, succeed in obtaining
they necessary funds to keep up work on tue
canal, notwithstanding this adverse report
but as the calculations of it's ultimate cost in
} crease, the difficulty and exponse of placing
, any loans will be augmented, and 1t seems In.
; evitable that, looking at the project as kindly
as possible, tho work must drag on for fal
, longer period than any that has yet been fixed
for its completion, even if that is ever accom-
plished.-Scientifc american.