New-York tribune., 1901-01-27

of San Joaquin County and arid lands in the
oil belt that a few months ago could have been
bought for few dollars now selling
for several thousand dollars acre. In this city
the OIL Exchange has revived the excitement
that used to mark dealings In Comstock mining
stocks over twenty years ago, when big bonanza
mines We're paying handsome dividends. Many
oil companies are being hoated on a small basis,
but the development of even good we'll places
the company a paying basis. The industry
promises by the end Of the year to be one Of
the most important In California.
President Wheeler Of the University of Cali
fornia made a strong speech this week to the
State LEGISLATURE urging the need OF adequate
funds TO maintain the great institution, which
shows an Increase OF 395 per cent in students In
ten years and only 20 per cent increase In in
come. In 1890 there were only 4O1 students.
while to-day there are 1900. The cost OF edu-
cation is only $134 a year for each student. Mr..
Wheeler made no direct appeal for aid. but his
dignifed presentation OF the financial neeos or
the university made strong impression on the
legislators and it Is believed they will provide
literally for the college The University or
California is to give seven courses OF free lect-
ures In San Francisco this spring Among the
prominent speakers will be John w Foster. with
five lectures on THE Practice OF Diplomacy"
finance in rhe University of Chicago. with two
lectures on Trusts; Their Evils and Remedies"
II has now been decided by James L. Flood
10 erect great office building on the site OF the
burned Baldwin Hotel 1t will be nine story
structure OF stone and brick and win be one OF
the costliest buildings in the city. Since Flood
decided TO erect an ofice building instead OF a
hotel on this lot and since Mayor Phelan aban-
doned the purpose OF erecting a theatre In
Eddy-st. several capitalists have been making
plans for building big hotel and an opera house
ON the lot at Market and Eighth SITS. running
through 10 Msson-st and owned by Andrew
b. McCreery. This lot would permit OF a larger
building than the Palace Hotel. Another fine
building for the business district in South Mar
ket-st will be the structure TO be erected by the
Pacific States Telephone and Telegraph Com
pany in New -Montgomery-st.. extending from
Minna to Natoma SITS. The building will cost
S2SOOO
Frank CaroIan master OF foxhounds Of the
San Mateo Hunt Club. broke one of the small
bones OF his left leg this week by a fall from
his horse while cross country riding Bur
lIngame His horse slipped on the edge of
ditch Carolan was thrown and the animal fell
on him. Carolan had just returned from Chicago
and New-York where he made arrangements
for visit to Burlingame OF prominent hunts
men and polo players
A fierce traffic war is on between the Pacific
Mail and the Panama Railroad and the first big
cut was made this week by the Pacific Mall on
coffee shipments from Central America The
Mail company fixed the rate of S12 so ton for
clean coffee and SIG % for husked coffee from
Central America by way or Galveston TO Ham
burg. Former rates when the rivals were work
ing hnyr IN steamers from Galveston require S. ton.
this leaves the Southern Pacific 81 5o a ton for
2,2OO miles and the Pacific Mail only 4I1f cents
n ton for the 2,4O0 mile trip: sweeping reduc-
tions have been made by the Pacific Mail In
rates on other articles from Central America.
Alexander Mackie who served secretary OF
the San joaquin Valley Railroad, and who was
also secretary. treasurer and director or the
Santa Fe Terminal Company and purchasing
agent of the Santa Fe Pacific, has resigned all
these offices. He noted as holding more or
fees and doing more work than almost any
other railroad man on the coast
Among the well known men who died to-day
was Alexander G.. Gordon, veteran or the
Mexican War and one of the oldest of California
pioneers He was at Coloma when Marshall first
discovered gold. and 1t was to Gordon that the
latter first showed the small nuggets that were
to lead the greatest gold rush in history. Like
Marshall and most OF his associates Gordon
failed to make a fortune out of his gold dis
covery.
Jack" London. the young California author.
who made a hit with his Klondike stories, has
been nominated for Mayor of Oakland by the
Social Democratic party
Mrs. Fiske made hit this week at the Cali
fornia Theatre in Becky Sharp. The house
has been crowded all through the week
Rain has been general this week throughout
Southern California and 1t has done great
amount of good The rainfall TO date in Los
Angeles County is S.O7 inches, against 4.57 inches
last season to the same date This means that
crops on unirrigated grounds will mature this
year where they have been failures for three
seasons.
Steamboat Springs one of the most famous
geysers on the coast. which is near Reno, New.
was stopped last week by heavy earthquake.
AS II supplied steam and hot water for the hotel,
the proprietor began boring well near by.
Suddenly implements were scattered oy blast
OF steam and a column of hot water rose for
fifty feet. II is much stronger geyser than the
other cne and promises TO be permanent.