The state chronicle., 1893-01-11
DIR. THOMAS HOCG,S
address TO the ha mi bar or Com m erce
on the Nicaragua Canal.


This body held its regular monthly
meeting last night at the mayors flee
MIR c. E John-on presided, with Mr.
Il w Aver as secretary
Messrs P"gue. Latts and Phil TAYLOR
reported as follows ON the tobacco ex
change.
Your committee reports the pre.en,
state of the R.leigh tobacco mat
ket as being far more sati.factly
and encouraging than at any Tin e
since 1883 Our receipts of leaf during
December at each of the three wsrehou-.s
now IN operation, were the largest for
several years. and the prices obtained
we're fully IN keeping with other neigh
boring markets and no complaints ", r.
heard among the farmers The out, ok
Tor 1898 for this industry is Il ,ttering
and needs but 10 he sustained by our local
busines, men and capltsl To- insure for
our ciry the permanent establishment of
one Of the best tobacco markets In this
/ state.
! The great importance Of the success of
the tobacco industry here must de sp.
parent to all intelligent business. ard
ueed not be elaborated by Your Commit
tee, suffice it to say that we believe there
is perhaps n, better ield for he protita
tie employment If labor aud capital
than can be found in the manufacture
and handling Of tobacco in Raleige.
Th: following committee WAS appoint
ed to go before the board Of aldermen
and oppose the extension of the city
limits:
A. B Battle A A. Thompson, DR.. p.
E. Hines. G G Latts. B F Montague.
George II. Snow, w. E. Ashley. Charlie,
Root.
1t was reported that the Walnut Gre, k
wafer bad been ansly zed and Was found
u he the purrst water IN America.
Dr.. Thomas d. Hogg. having been in
vited to address the chamber on the
Nicaragua canal, appeared and SAID, in
I substance, that this WAS the first time
that the government had proposed I,
Loan its CT. dit for a very iSrge smpun,
for the benefit of The south He explained
the features of the bill winch has beer
rep rted favoTably by the United State,
senate onmlttee on foreign rtl-tions
The cost will not be over 500 900, 600
The doctor had maps of the NIcsrogu,
canal. TIE Srz canal, and the Manch,t
ter. Eogland. canal ard he gave HI,
opinion that it was easier to build th'
Nicaragua canal than either of the t~ o
, The g. h is Interest,", d in selling raw cot
;. ton to the Chinese. The yellow race VITA
cotton cloths 4 we get two pounds %
!. cotton to each Chinese you will s.l then
two million bales Of cotton and incress
the price 2 cents per pound. By build
ing this canal this distance is gr, att
+ shortened and it will open up twelv
. thousand millions on the W, st coast q
+ Moth snd s. u'h An erica and also Ne,
z aland and Australia. The Su.z can,
4 now pays Is per cent. on one huudrc
millions of stock The canal will be {
f great importance to the govern
+ nent as military factor. tn
;. canal will certainly be completed
!, six years-probably in ur year
% There will be twenty six miles of ac,u
A cutting to he done; the entire length
= the canal will be go go miles I'll
saving in distance from New York Wi
4 be ten thousand miles and the time wi
be decreased from one hundred days
sixteen days. The tonnage over thi, Can
!. will be larger than the Suz cans
4 Work is now gong on, two ih"u-sr
yards are being taken out every da
& The building If this canal has be,
n talked Of for 300 years.
n Tne chamber unanimously thank,
= D.. Hogg for his exhaustive and inte
estlDg and able address
70 A resolution was adopted requestir
Ia cur senators aud representatives. to vo
: for the bill now bef"re corgres, and
try and pnss the bill at this session.
70 Adjourned.