The Daily times. [volume] (Richmond, Va.) 1886-1889, 1889-03-24
CREAM OF THE PRESS.
'' YEWSY REMARKS.
The south American states-'he copper
kyndieate-oiic e-teekers-fh" H'. -tset
Combinc-rhe Nicaragua Csnai-other
Itcr- of Interest.


Itcu- of Interest
The boCTH AMERICAS STATFs--1n
the coming four years We ought TO- ana
with skilful manag can secure me
controlling share Of the commerce ol All
"the States South Us u.s." They produce
the raw materials which our manuiac-
urers need, and their people need me
manufactured products which, unaer
proper regulations, we can sell them
/ 'rhe true market for our manufacture
lies in these States south Of US and
while diplomatic posts in Europe are
doubtless more snowy, none in the GIT
of the government demand so much real
ability and skill and none can do so
much good or 80 much harm to this
country az those in "the States south OF
us."-Neic York Herald.
Then there is The race question. Are
the Southern States likely TO pass eau,
cational or property tests which Will
practically close the polls TO the black
man. The South il nervous on this sub
/ iect altogether too much 80. we fear.
+ There is no cause for alarm. No people
on the planet ever had such an industrial
class ready made for ifs service a. The
south has. and if it is wise it will pursue
course which will benefit both whites
and blacks. and let the future take care
of itsclf-Nor York Hefald.
THE CoTpER SYNDICATE. "A dispatch
from London says that copper still mo.
nopolizes the attention Of hnanciers, IN
/ i'm France has become political factor.
/ The year 1889 VIII justly claim hereafter
| 10 be known as the copper year Tax
ing copper at fifty pound pei ton, Il Is
calculated that the syndicate will lose
10000 600.
Yesterday. in the French Chamber OF
| DEPUTIES. the Ministers described the
authors OF the syndicate as ruined The
/ societe des Metaux shareholders are
representcd rs cleaned out, Manager
Secreian describing himself az emerging
/ from the speculation as naked as a worm.
His collection Of pictures will either be
sold To Baron Hifsch or m0rigaged TO
| The Bank Of France The French gov
eminent is acting very cautiously re-
rarding the reconstruction OF the Comp
TOR q Escompie, which is nicknamed by
| Parisians lie Panama des Riches. %
OrrfcE.SEEKrRs. Tho expectant Of
/ fee seekers were cruelty disappointed
Yesterday by the inconsiderate conduci
Of Vice President Morton in announcing
to the Senate the death Of Justice Nat
ihews Just az the Presidents messenger
was waiting 10 deliver batch of new
/ appointments. After that pr0prieIy de-
mandcd thai the Senate al j0urn, aud the
messenger had 10 take back Lis big oil
rial envelope with the seal unbroken.-
Ned York IyitAns,
THE BIG STEEL COMBNE.-A tele-
gram from Chicago SAYS that circulars 20
the stockholders Of the North Chicago
Rolling iill Company, the UniOn See
Company and the Joliet Steel Company,
calling a special meeting iOT May, with e
rev 10 their consolidation into one CON
Germ, have been Issued.
THE EIcARAGUA CANAI-THE Bril-
LrANr OUTLOOK FOR The sCHENE.-The
. Nicaraguau Canal Construction Com.
panv have selected board OF eminent
/ civil engineers Of this country not con.
nected with tie canal company for the
purpose Of determining for the guidance
/ Of tie canal company important details
about the cost of construction. The
COMPANY mean 10 proceed upon accurate
+ information, and while Ii has the utmost
confidence in the report OF The engineers
who have been on the ground for the
last eighteen months making surveys and
b0rings Of every section Of the proposed
route. it means TO verify their reports.
The engineers selected have been al work
upon the detailed surveys for a month
past, and have completed their report
winch will be -ubmitted TO the company
within a few days.
The engineers working in Nicaragua
have 81 late made some important i'm
proyements IN the direction OF shorten.
Ing the line of excavation, which have
resulted in reducing If. about ten miles.
Instead Of forty miles of cutting being
necessary, as was al FIRST anticipated, lut
t,venty-eight miles viii be required y
feature OF the route which has the APP
proyal of the Board OF American En-
gineers is the introduction Of TWO large
basins short distances from the Atlantic
and the Pacific oceans. These basins not
only save between ten and twelve miles
Of excavation heretofore calculated
upon, but practically double the capacity
of tho canal for the passage Of vessels,
inasmuch as they afford Increased facili'
ties for the passage Of vesseis by each
other while in transit across the PENN
sula.
The canal will be built with view 10
tho accommodation of the largest sea-
going ships. The locks axe to be $50
feet long. 70 feet wide, and ~ feet deep
Allowing a liberal amount of time for
, lockage,i il will require twenty-five hours
for vessel 10 make the passage from
sea 10 sea, . distance OF one hundred
and sixty-nine miles. Although the
route is one hundred and sixty-uine
miles in longth, but twenty eight miles
. Of excavation arc necessary. The re-
maiader of the distance is made up 10y
free open navigation in Lake Nicaragua,
the San Juan river, and adjacent basins,
2 through which vessels may proceed al
! full speed
The great questiOn-yiz., that Of se-
curing the necessary capital 10 build
the canal. the officers say, IS solved.
The company is preparing plans and
spec fCatiOns, and receiving estimates
. Tor the requisite material and supplies IN
order to begin work AZ an early day All
sources from which labor can be drawn
have been thoroughly explored Inquiry
Is also being made with regard To ma
chinery tools, &c The collapse of the
Panama scheme removes a factor OF
competition in the worlds markets for
labor and supplies Of this character. The
| avidity with which some OF the largest
/ contractors in this country have entered
upon an investigation Of material
available at Panama has had the effect
I of convincing the stockholders Of the
4, Nicaraguan Canal Company Of the
fortunate position they occupy in being
able Almost to dictate the price at which
this enormous plant can be had.
The calculation of the engineers as 10
, the length of time required TO complete
the canal Is five years at the most, and it
il thought that it may be less because
improvements in The methods and APP
planes used I'm such construction are
, constantly going on--Netc FORK Herald