The Catholic bulletin. [volume] (St. Paul, Minn.) 1911-1995, 1911-06-17
Secular News Of the Week.

0SGWA0A NGWS VI GWG w SSMs
The first effect of the official an
nouncement that a mortgage aggre-
eating S600,000,000, behind which
stands the material and moral secur-
ity of the Great Northern railroad,
has been executed, and that $20,000,-
900 of this issue has been offered for
sale by Mr.. Morgan and his associates
City banks, of New York City, was
an enthusiastic response from the Sc
curities market. Whether this en-
thusiasm is to be only temporary, re-
f1ecting sentiment rather than sound
business conviction, remains to be
disclosed. But the announcement it.
self must prove to be, sooner or later,
the first of many impulses which will
make for great activity in the invest
ment and securities market and
little later in business itself.
At the imperial conference held at
London on June 5, Sir Wilfred Laurier,
Premier of Canada, announced his in
tention to introduce resolution with
view to securing liberty for any do
minion of the empire to withdraw
from the operation of any treaty made
by the British government, without
impairing the treaty in respect to the
rest of the empire. A resolution for
uniform navigation laws throughout
the empire and the employment of
British seamen in British ships was
adopted Sydney Buxton, President
of the Board of Trade, proposed that
the dominions cooperate with the gov
eminent in the use of the recently or
ganized labor exchanges to fill vacan-
cies in the colonies. Premier Laurier
opposed this on the ground that it
J would cause friction between Cana
dian employers and employees.
The amount of money that will be
pended on the roads of this country
in the next six months will be greater
than ever before in the same period.
The total expenditure for the construc-
ton and maintenance of roads and
bridges in the United States in 1904
amounted to about $S0,OO0,OOO, but
the amount in 1911 will aggregate
about $140,5O0,O0. This includes all
money raised by local taxation, bond
issues, State appropriation, and pri-
vate subscriptions. Every State in
the Union" said Logan Waller Page,
Director of the United States Office of
Public Roads, in telling of the result
of the campaign for good roads,
seems at last to be thoroughly
aroused to the benefits derived from
investments in improved highways"
A gold strike is reported to have
been made on Indian Creek, Alaska, a
tributary of the Koyokuk River, 800
miles up the stream. Pay earth has
been struck in two places. Miners
are stampeding there. Gold has also
been struck on Long Creek, on the
south side of the Yukon, opposite Me-
LOST. The earth yielded 5 to Is cents
to the pan.
A widespread anti-Madero plot, with
ramifications in San Antonio, Ell Paso,
New York and Mexico City, has been
discovered, according to Mexican gov
eminent officials. The first purpose
of the plotters is said to be the estab-
lishment in the cities named of juntas,
similar to those of the revolutionary
party, and then to carry on system
attic effort to hamper Madero and to
restore to power certain political
element which was ousted wnen
President Diaz resigned. Secret serv-
ice men have been instructed to make
arrests in the hope that the move
ment might be broken up.
Abram Gonzales, Provisional Gov
ernor of Chihuahua, announced he had
been compelled to postpone his trip
to Chihuahua, the capital, because of
a threat on his life. He said that he
had received word that an offer of
$40, 900 had been made to prevent his
reaching Chihuahua.
The coronation preparations after
the brief respite of few days are
being resumed with increased energy.
London, so far as the route of the pro-
cession is concerned, is becoming un-
] recognizable in its garb of paint, deco
rations, and scaffolding for stands and
pillars for street adornment In West
minister Abbey itself the structural
changes have been completed. For
! the great coronation ceremony trib-
unes have been erected with seating
!, capacity for 5000 persons. The pre-
vailing colors of decoration are blue
and gold.