Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1892-12-01
WHEEIING W. VA THURSDAY MORNINGS DECEMBER l. 1892

L0aL SlUO,UOO,UO Will cover tue entlIo
cost of the project and that reasonable
estimate of the time for the completion
is five years.
The work done by the company TO the
present time includes the completion OF
final surveys for location and construc-
! tion, the subterranean examination OF
the strata requiring removal by means
of borings with the diamond drill; the
restoration of the harbor of San Juan
Del Norte (GreytoWn) which had been
closed for twenty years TO the extent OF
securing an easy entrance for vessels;
the construction ofextensive wharfs and
landing facilities; the erection OF per-
manent buildings for officers quarters
for the men, storehouses; the building
of number OF large camps along the
line for the accommodation Of employees;
the completion of all necessary tee-
graph lines; the clearing OF the timber
from the line of the canal; the compile
ton and equipment of twelve miles OF
railway along the line Of the canal;
the purchase of the most valuable and
powerful dredging plant in America;
the fitting up and operation Of the plant
and the opening OF nearly two miles OF
the canal.
The company has expended to date
about six millions of dollars, and the
work shows the suf1iciency Of the esti-
mates for the harbor and canal dredg-
ing and railroad work. 1t Is held that
the building Of the canal will wonder
fully develop the fruit Industry OF Cali
fornla, increase the price OF timber Of
the Northwest, quicken mining and
fisheries industries, open short route
for Southern cotton TO Japan, increase
population. enable the United States TO
compete with Europe in the coal and
other trade of South America, and that
the tolls may be so moderated as to o'yield
a handsome profit on the investment
and yet fall lightly upon the shippers.
At rate Of 50 per ton, the same as
charged by the Suez Canal, IL is estima-
ted that the annual income would be
Sl2, 900, 900 and that the cost OF mainte-
nance would not exceed Sl,000,000 per
annum.
The National Nicaragua Convention
assembled to-day at Odd Fellows Hall,
in this city. The States represented so
far in the convention, with the number
of delegates, are as follows: Arkansas
., Alabama 2, California IL, Washing
ton, d. c., IL, Florida 16, Georgia 5,
Illinois 10, Iowa IA, Indiana 2, Ken
lucky 3, Kansas II, Louisiana $50, Mis-
sissippi 10, Maine 2, Missouri 8, Michi-
gan 3, New York IS, Nebraska /, North
Carolina 1, Ohio Z, Oregon 2, Pennsyl-
vania 6, South Carolina IL, Tennessee
10, Texas 10, Virginia 3, making total
this morning Of 1886.
Fhe convention was called to order
by President Il. j. Odenthal, OF the
Board of Trade in a hail magnIfcently
decorated for the occasion.
DR.. B. M. Palmer, Of the First Pres
byterian Church, offered prayer, and
President 0denthal gave formal well
come for the Board of Trade. City At
torney e. A. O'Sullivan followed for the
municipality. and George Foster for the
State. s.~
Mr.. Converse replied for the conven-
tion. The principal business OF the
morning will be the reappolntment OF a
committee on credentials, and recess
will be taken until the report is pre-
pared. Several speeches will follow.
probably by Jones, OF Arkansas, and
Judge Estee. of California. One OF the
leading matters discussed this morning
is a resolution which President j. c.
Clarkem, of tho Mobile and Ohio rail-
road, will offer. 1t recognizes the
measure as national one, as having
been endorsed by both parties, and pro-
,,idae that tho uovarnmant guarantee
the hundred million OF bonds, the latter
TO be used as a basis for new national
banks. No party shall own more than
a thousand shares OF stock IN the con-
Germ. A percentage Of the tolls Is to be
deposited annually in the United States
Treasury