New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-03
STOCKS IN CALIFORNIA.
swINDLES AND UCCESSES-INHUMAN EDU-
cATIoN-THE COURT AND THE BOYCOTT.


cATIoN-THE COURT AND THE BOYCOTT.
rpr TELEGRAPH TO THE rRIDUsE]
San Francisco, June last week several in
.onai.rv fires took place in ST. Vincent's Roman
Catholic) Orphan Asylum at San Rafael An in
,ostication showed that the fires were set by boys
who had been cruelty treated, and took this means
If escape The asylum gets twenty-seven and d
half cents per day from the State for each OF over
zoo boys but careful investigation, which has
Iasfed all the week, shows that not more than
sevcn cents is spent on each child, while the re-
nainder of the appropriation, amounting to 500
oer day. goes TO the Church More than 1000
acres surround the asylum, yet there is no effort
~ cultivate more than sixty acres, and the sup
,Iv Of milk eggs and vegetables is scanty. The
bovs all told stories Of cruelty by the principal,
which was proved by scars and fresh wounds.
The food was bad, clothing ragged and vermin-in-
fos,ed. and the educational training was farce.
Unless the institution is thoroughly reformed the
State will close it up
A snecimen of mining-stock swindles carried on
hero with impunity is the recent deaF By the
Furexa Consolidated Mining Company This com-
Many was nearly wrecked several years ago.
Finally large Eastern stockholders got possession
and installed in the presidency young Fries of
the heaviest stakeholder. He conceived tie brilliant
holdings at inflated prices. Regular monthly
dividends were declared and the stock advanced
from IS to SIS l-2 per share. All of Fries's
friends were kindly lot into the bonanza at top
6.ices with assuraI ces that the stock would
so,1 s,;i 70, SIC Now it has been discovered
that the bonanza was fictitious and that dividends
were raid by overdrafts the bank which amount
70 $4,000 The stock has fallen to SIS, and
the holders will soon have TO plunge up assessments.
Meanwhile the course of the mIning-stock
market here puzzles all old operators. The Com
stock never has looked better than now for ten
years. Consolidated Virginia takes out 100000
for bullion every month Confidence, s14O,OO0
and Hale and Norcross about the same amount.
The new development Challenge and Yellow
Jacket promises to be as rich as Confidence,
while both CholIar and Potosi could pay dividends
if they were properly worked. The three divi-
dend-payng mines on Comsock could easily be
increased to eight ten, yet, in face of these
figures. stocks have been battered down by the
bears below the prices of last week with
no immediate prospect of recovery: The fact that
the big operators taking in all the stocks sold
for margin leads to the inference that this is part
Of regular Ceal to fleece outside investors
Judge Mcguire, of the Superior Court, rendered
without conspiracy trespass or violence is not
actionabc. The case was that of an lron-moulder
against the Iron Moulders' Union of San Fran
cisco. The plaintiff had had steady work with the
Oakland Iron Works at 81 day. He would not
ioin the union. whereupOn the latter demanded |
that his EMPLOYERS discharge him. which was done
He was also prevented by the union from getting |
work at other mills. He brought suit for S25, 600
damages, but the Judge sustained Defendants de-
murrer on the ground that his employers had per-
tecN right to discharge him, and he had no redress
against the union. The case will. be appealed to
the Supreme Court
A fruit syndicate has bought the plant of the
bankrupt J. Lusk Canning Company for $4,000,
although il was worth twice that amount. 1t is
understood that the purchasers, who comprise the
leading members Of two other fruit canning COM
panes will not assume improbable fruit contracts
contracts with fruit growers at fancy prices and
even if the Coleman failure had not come. they
would have gone TO the wall
What greatly troubles the fruit growers is the
scarcity of the labor supply, and since Chinese
restriction has been enforced, many MongolianS,
who used to work in orchards, have gone 10
towns, where they get higher wages as house
servants. White help cannot be depended on, and
negroes who were imported from the South have
proved troublesome. Unless some organized effort
great waste of California fruit this year.
An index of the growth of South San Frapcisco
is furnished by the laying of the Cornerstone this
week of a new Masonic temple, which will cost |
s25, 600 1t is only within few months that this |
rapid development Is good street-car connection |
with this city.
A new vine disease. which is causing some
alarm IN the upper part Of Napa and Sonoma
valleys, root rct well KNOWN IN southern
France and also the Mediterranean. 1t does not
exist well drained land, but its spread Is rapid
on low land or in fields where cultivation has
been neglected. II has just been identified in |
California and a vigorous fight will be made |
10 prevent its spreading.
The phyloxera is gaining ground despite the |
measures taken 10 prevent it, and the State Legis-
ature at the next session will probably be called |
on to give the Viticutural Commission power |
70 condemn and TO destroy any vines found infected |
with it, Experienced grape growers declare that |
this is the only method OF saving the vineyards |
Of the State aside from the planting of resistant |
vines.
The opening Of the new Santa Rosa and Car
quines Railroad by the Southern Pacific Company |
furnishes important through rail connection with |
the East for Napa and the SonOma Valley. Here
toore fruit and wine had to be brought to this |
city aud then reshipped.