The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-11-11
MONEY LET LOOSE
MORE ABOUT TIE WEALTH THAT
WAITED III HIDING.

Between the Trans-Siberian Railway
aud the American Transcontinenta
sysfems-English Money for Caiifornis
Mines = Canadians Anxious for Reel
procity-Foreign News in General.
San Francisco, Nov. 1O.-One of the
great projected enterprises dependent in
part on the election Of Mckinley, is once
more attracting attention here, at San
Diego and in Chicago, New York and
Philadelphia. 1t is the heavily backed
proposition Of number Of American
capitalists TO establish on the Pacific a
magnificent line, with such railway ar
! rangements in the United States and
i such connections with the new trans ST.
! berian line as viii make it a vital and
| effectiye part OF a foureign round-the-
| world system of communication. This
proposition, which has long since passed
fair to be in full operation before any
Pacific port has welcomed the first of the
| much-talked-of japanese liners. The
| project had its inception in Chicago and
among its most enthusiastic supporters
| are Marshall Field, the millionaire dry
! goods man, and other Chicago million
aires. The New York end OF the enter
! Pi4Sc ID DSiHS ldhcu care VI Dy T. u
| Potter and company. In Philadelphia
| the concern has the interest and support
OF William Cramp & Sons, the shipbuild-
| ers. Ii is the intention Of these capitalists
| to establish a new trans-Pacific line SD
| perior to anything afoat. Their plan
| calls for the construction Of number of
steamers of not less than 5000 tons bur-
| den and of thwenty knots speed which
will make them eligible to the benefits Of
| the United States mail subsidy or 81 per
! Travelled mile. The distance from the
| California coast to Hong Kong is 1000
miles and thus each steamer would be
entitled to a bonus OF s2S.sSS for single
| trip. 1t is proposed to begin the enter
| prise with four twin-screw steamers, ca
pable of carry $500 tons of freight, 900
first class passengers, and 100 Storage
passengers. AS originally proposed, the
| line was to run from San Diego to the
ports Of China and Japan, bu; since then
an agent Of the company has come to the
| coast and opened negotiations to make
San Francisco the terminus on this
coast.
ENGLISH MONEY IS READY.
San Francisco, Nov. 10.-EX-United
States Senator Stephen w. Dorsey has
just arrived here direct from London.
For several years the ex-senator's home
has been in Denver and for year and
half past, he had been interested in a
large group OF gold mines near the Colo
RADIO river. twenty-eight miles from Yu-
ina in Southern California. He went over
to London to get money to develop these
mines. He succeeded and will now erect
a 100-stamp mill and employ 400 and 500
men. Mr.. Dorsey said ne got the needed
money conditionally on McKinley's cleo
zion. If Mr.. Bryan had been elected he
would not have got a dollar. The eX-
senator says also that confidence among
London capitalists has greatly revived
by the result of the election. He said
great deal of money will come to the Cal
ifornia gold field for development during
the ensuing year.
CANADIAN RECIPROCITY.
Montreal, Nov. 10.IThe statement
made in New York by Hon. W. S. Field
ing, Canadian finance minister, that eff
forts viii be made by the Canadian gov
eminent TO secure treaty of reciprocity
with the United States as soon as Nc
kinney shall assume Office in Washing
ton, has awakened the greatest interest
among business men IN Montreal and
throughout Canada. The commercial
interests of the Dominion, regardless OF
politics, are almost a unit in favor of a
renewal of what is known as the "E,sin
reciprocity treaty of 1854" and II is be
leyed that when the representatives OF
the Canadian government visit Washing
ton next spring they will endeavor to Sc
cure reciprocal legislation along the lines
of that treaty.
FOREIGN MAILS.
Washington, Nov 1O-The annual re-
port of Captain n. NJ. Brooks, superin-
tendent of foreign mails, shows that the
aggregate weight OF the mail dispatched
from this county by sea TO other coun-
tries during the past fiscal years, was
6.286,914 pounds of which over 4.55o 900
pounds was transatlantic. 1t is point
ed out that the postage collected by the
government. on articles exchanged with
foreign countries largely exceeds the
gross expenses incurred by the depart
n2ent in connection with that service.
The sum Of S., 294.7J6 was received by this
country for mai. exchanged with other
countries. Only 1.516 errors were re-
ported in the distribution of 11,51S,373
letters and postal cards. The net excess
of cost of the contract ocean mail SER
vice was S+53,3S6. Action is recommend
ed on the question OF the extension OF the
parcels post system; the reduction of the
registration fee OF cents and on that of
a limited responsibility for registered ar
ticles lost or destroyed in the information
al mails in transit through the United
States.
MAHOGANY LOGS.
Washington, Nov 10.-United States
Consul OHare at San Juan del Norte,
Nicaragua, reports TO the state depart
ment that S,349 mahogany logs were
shipped from that port TO Boston during
the past six months for which the Nj
caraguan government received 81 in gold
per log. in accordance with the conces-
sion granted 10 Boston parties. Under
this arrangement: large hsipments viii
continue to that port which, practically,
under the concession, controls the Mica
raguan output and whence they are dis
tributed to England and other parts of
the world.
ARMENIAN MASSACRES.
Constantinople. Nov. 1e.-The reports
in circulation here on Thursday last that
q massacre had occurred in an Armenian
village near kaisarch. and that sixty
persons rad been killed, were not exag-
gerated. On The contrary. tie affair
,urns out TO be more serious than at first |
announced. The massacre occurred in |
the village OF Everek. One hundred per- |
sons were killed and nearly all the Ar |
menian houses were pilaged.
SPANS NEW LOAN.
Madrid. Nov. lot has been decided !
that the first subscription OF the new |
loan. 70 be issued Saturday. shah amount !
10 go 600, 600 pesetas The balance of |.
$50. o00. coo IS reserved for later subscTsp i
ton. the government not needing * a !
present The nrica fixai for ire issue Is 4