Daily Kennebec journal., 1899-04-01

ed q resolution in which the city of
Camden guarantees the New York Ship
building Co. that there shall be no in
crease for 10 years In the present as
sassed valuation of the Tilton and other
properties located on the Delaware
river at Coopers Point, on which 1t is
proposed to establish a big ship build
ink plant. The New York Ship Building
Co. 1t is said. has secured these prop
critics and will erect q plant which will
give employment to 5000 hands. Henry
G.. Morse formerly president of the Har-
lem & Hollingsworth Co, of Whining
ton, is said to be at the head of the new
company. The capital is said to be So
00O, 900.
Account of the passage Of the Rector
antitrust law by the Arkansas Leg
islature, many foreign insurance COM
panies are telegraphing their agents
to refuse further business. The follow
ing companies have announced their
withdrawal from Pine Bluff: The
Royal of England; the Queen of Amer
lea; the Imperial IF New York: the
Calcdonian Of New York: the American
Central of st. Louis; and the German
American of New York. 1t Is expected
that all other important companies will
follow their example. The Legislative
act provides that any Insurance COM
pany belonging to a rating bureau in
any state shall be prohibited from do
ing business in Arkansas.
The Union Pacific Railroad has in
preparation a circular letter OF invita-
ton which is unique in the history of
railroading and will at the same time
promote the interest Of science and
largely increase the interest or stu
dents of geology, paleontology and
minerology in Wyoming and her extra
ordinary fields of gigantic fossil re
mains. The company will extend to
upwards of 300 colleges and universities
OF the United States cordial invita-
tion to send an expert geoloSist or
paleontologist with a corps of assist
ants to Wyoming the coming summer.
The invitations will offer in the interest
of science free transportation from
Chicago on the east and San Francisco
on the west to Larime. Wy. and return
for all the members of such authentica-
ted parties, the transportation being
5ood uuI iliS TIE SutliIlti iIlpiilIIS.
The secretaries of the Baptist and
Presbyterian Home Missionary Socie-
ties. of the Missionary Society Of the
Methodist Episcopal church, and Of the
American Missionary Association rep
reSenting CongregationalistS. at a joint
convention at New York. at which they
arranged for erdenominational fell
lowship and cooperation in Porto
Rico and other island territories, elect
ed the following: Thomas J. Morgan
ID. d.. Baptist secretary. as chairman
and c. J. Ryder, d. D.. Congregational
ist. as secretary of the convention held
and Of conventions which are to be
held. These officers will meet in Sep
tember. They have arranged that in
the opening of evangelistic work in
Porto Rico. statement shall be pub
lished to the people of Porto Rico to be
signed by the representatives of the
different societies expressing the fel-
lowship and unity Of these societies in
this work.
An effort is being made to bring
about a mill combination to control
the products of carded wool. Brown
& Adams of Boston. who are the ac-
knowledged representatives of the
movement, said, Friday, that no state
ment can yet be made concerning the
final outcome of the deal. They would
not confirm the report that options
had been secured on u of the largest
plants in the industry at figures ag-
gregating sl000.000. saying that in a
few days doubtless the matter would
be fully developed. Considera bic
doubt is expressed among wool men
regarding the formation of the com
bine and a good many of them refuse
to take the matter at all seriously.
saying that while ii is not improba BILE
that q few manufacturers may get to-
gether and decide to form a combina
ton, nothing that they are likely to do
will have any material effect upon the
matter of the manufacture of woolen
goods outside of their own plants.