Chicago Daily Tribune Newspaper, January 8, 1880, Page 6

* Go, of this Ai THE RAILROADS. Brosperity in Minnesota and r Northern Dakota Forci- ' bly Illustrated, Four Hundred and Thirty-seven Miles * - OF Track Laid in the Former Last Year. Nine Lines of Rond Pushing Their / Way into Dakota from Minnesotan. — ' * The Northwestern's Proposed Big Union Depot at Wells Street Bridge. Sixty-flyo Railroads Foreclosed During the Year 1879: 4,900 Miles 5 Capital, $248,288, 000, Troubles of tho Pittsburg & Lake Erie Railrond---The Sonora Route. NORTHWESTERN UNION DEPOT. Since all the other roads centering In this elty have made arrangements for the cou- struction of new and convenlent raflroad ddpots, the Chicago & Northwestern Ratl- rond does not propose to be the only ne that has to get ntong without decent accom- modatlons for its passenger business, This rond long since contemplated to erect a fine and commodious ddpot at the north end of Wells street bridge, A few years ago it acquired possession of all the Jand north of its present temporary depot between Wells and Market streets, with the exception of the AirLine Elevator, for dépot purposes. But it could make no nse of those grounds thus far, because they were intersected by North Water and Franklin streets, ag will be seen by the following diagram: Kinslo street. tor street art Wit ito be Yneated, Wells streets Ale Lit >< Hlovntor To use the grounds betweentNorth Water tnd Kinzie and Wells and Franklin streets would make the depot butlding only 320 by 151 feet, which would not be one-fourth the space neéded. ‘Therefore the Company pro- poses to lave North Water strevt and that partof Franklin street from Kinzie to the new street which It proposes to open in order to uivenclesr road to the elevator vacated by the city. ‘This would enable the Company to cover nearly the entire grounds betwee Wells and Market streets and Kinzie str and the river with fine and commodious de buildings, No harm can possibly arise to the elty or private_indlviduals from sueh ar arrangement. The entire growuds indicated 1 the diagram, with tho exception of the eleyator, are now owned by the Company, and the elevator will be provided with a much better thoroughfare than it has had heretofore by the way of Franklin. street, which Is crossed by numberless tracis, nud vehicles are constantly threatened with demolition, numberless accidents haying xl- ready occurred at that point. The elevator people are anxious that the proposed arrange- ‘ment should be made, for the new street will ‘bes great benefit to them, as 16 will be un- necessary for teams to cross tho tracks in order to rench their bultdl North Water street 1s entirely coyeredt with trucks, and is of no earthly use to anybody except the ral rond company. Inorderto have thestreetaine tioned ‘vacnied, the Northwestern Railroad Company had introduced at the Inst meethiy of the Common Counell the following ordl- nance, which was referred to the Committees ‘on Streets and Alleys, Who have unanimous. ly agreed ta recommend its passage, and will Rronont their report to the Common Counell Tonday evening: Bet ponuained by Gis Common Council of the City of Chicago: . - £0. 1. ‘fhat 60 much of North Water street us Hos between tho west line of Franklin street and the west line of Btreot, and so much of Franklin stroct ag lies between the south line of Kinzio strect and tho south Jine of North Water street, bo and tho same are horeby: vacated and discontinued, Provided, however, that this ordl- nance shalt not be operative until the Chiengo & Northweatern Railway Company shall luy out: and dedicute to tho public use 0 new street, rine ning fron Franklin strect to Wells street, par- lig! to North Water stroet, twenty-four feet in u width, the north Hine of which ball he sixty-one fect south of tha south luo of North Water streot, in such manner that tho use of Kuch pro- posed new street shall be absolutely vested in the public, and sald Rullway Company shall cone struct thereon proper, and eonyenlent ap- prouches to the vinduct on Wells street, and shall pave sutd proposed now street {na sitable and propor munner, and build stonewalls on tel sido thoreot suitable fur the protection and Rife Use OF wuld street, and Rint exevute mid deliver to tho Clty of Chicago its agreement per petually to maintain sald streot, its uppronches and protection-wills wforesaid, and Keep tho sume properly paved, ‘The managers of the Northwestern state thatif the ordinance is pond ag thoy ex- pect ft will, beeause it will be a benefit to the city, and espeelully to the North Side, they will commenre tho erection of a splendid depot withis thirty days that the ground between, the new 8 ‘Hoand Wells and Murket streets vost from $750,000 to $1,000,000, ant whieh Will be an ornmnent to that part.of the city, ‘The present ofties bullding of the Company ‘between Franklin and Murket is to be torn down, as the ground it stands on will be used for the depot. ‘Thus, tho new depot will have a length along Kinzto street of about 700 feet, and a width on Wells street of S03 feet. All the tralus from the various divisions of this Company will be ne- conmodated at tha now depot, and the pres- ent depots on the West Ski will be vacated for passenger purposes and used exclusively Tor the ucconnnodution of thy freight trattic, If the new ordinnnce should fall to pass, how- ever, they would give up the yroleer of build- jugs. passenger depot on the North Side ulto- gether and find sullablo and convenlent Grounds for the erection of such depot on the est Side, LUMBER ARBILTRNATORS, ‘Mr, F. W. Woyerhouser, of Rock {sland, and Mr, alfred ‘loll, of Hannibal, who have been lately appointed arbitnitors to settle tho dispute regarding the division of the lumber business from polnts north and south of Keokuk to Missour! River polnts, met in this clty yesterday to perform the work assigned to them There huis been much troublo heretofore regarding thig matter, aud. at the last meeting of the Southweatern Railway Association a resolution was adopted that this matter shoull bo referred to. arbitrators; that the Iuinber dealers north of and including Keo Kuk should qppolnt one man, and those south of that point unother, and these two shull ap- point the third member, Afr, Weyerhouser was appoluted for the district north, suid Atr, Toll for that south of Keokuk. At their meetin yesterday they selected Mr A. A. Carpenter, of the firm of Kirby, Carpenter & 3 city, us the third member, Mr, Curpenter was notifled of his appointment, and accepted the position, but, belng prevenf- ed from attending the meeting ve rdlay, we smijournment was hud until towlay, when the ditteulties regurding the division of the lun- ber business from the above-named sections ‘will be taken Into consideration, RAILNOAD FORECLOSURES IN 1879), » The next number of tha Hallway sige will and Kin that is to * eoutlsin an Interesting article on railway foreclosures In 1870, of which the following is a rabsteant ‘3 5 i We 0 our annuntsuinmu, sy Of forcelbsurvi njdar agar feat tho Teound Tor J6i¥ would show a considerable decrcase in the number of asics av well ag Jo the amounts ite inert sales frum iBT wituoug to ts ri Hiiebuuitavolved bud bow swollen by she vn- THE CHICAGO TRIBUNE: THURSDAY, JANUARY 8,, 1880—TWELVE: PAGES. ormous figures of the Etic,theCheanpenke & Ohio, and aome other Important roads,so ax torepresent, an Augremnte ‘of §312,000,000, agninst $10,000,000 in iki. ‘Tho year 187, however, proves, to havo witnessed thé winding up of more railway com= panies than any provions year, and moro that sloc as many aa our record showed for 1876. Sixty-five roads, representing a nominal invest- Mment—besldes a Jntge amount of unpald inter est and debta which in many eases above are not included—of — €243,000,000, have been soll under forcelosure during 1879, About onesthint of this representa capital atock which fs eases his beon entirely wiped out hy ess, while the boned debt hi very govere sealing down, | Jurge as ts to wun borat these sales, however, the uveraze umotnt Involved fs only abont $1,750,000 per road, against henrly $6,500,000 In i878, which Indicates thut itis mainly Yho smaller companies that have been paseing through tho fire of tate. ‘Tho fole lowing summary gives a comparative view of the ninual work of foreclosure since 1866, year when wo comnenced tho eompliition: era 00 wrt In tho last four years, therefore, about ane. Afth of tho entire railway mileage and capital of ‘the United States hus been comperted ta change ownership by forced siile, ‘There §4, however, 1 hopeful site to this gloomy. Vota) In four yenea... HT peture of bankruptey and ruin, This list of gales may be considered na almost tho " cleurinies up shower” of the storm, During the year 1x90 acansiderable number af reads will be satd.— notably the Atlintle & Great Western, repre- senting bout 105,000,000 alone [which wis a few days ago at Akron, O.],-but very few new foreclosure suite have been commenced, nnd the tly Impraved conditions of business give on to hope that rallway Investments will hereafter be reasonably remitneratlye. MINNESOTA & NOR'TIT DAKOTA, Spectat Correspondence of The Chteago Tribune, St. Paur, Minn, Jan. 6.—Sinea 1864 the railway builders ine the Northwest have rarely been behind the advancing lines of frontier settlement. ‘They have oftener gone dnadvance and laid down their fron ways yendy to carry ploncer settlerss to thelr new homes, Their operations in that thie have corresponded with one well-detined perlodof great Industrial developnients In Minnesota, and with another of extraordinary depression in business; so that their Inte and present. activity appears asure judication and provt that a new era of common enterprise and Prosperity has set in, Frou a tabulated statement earefully prepared by Mr. Sol- berg, of the State Rallroad Commissioner's oNlee, [ copy the footings showing the munber of milesf rathway bullt ench yenr, and the total inileage in operation al the close of each year, within the borders of Minnesota, .ns Miles Total) Year, aan ince Ww 10) us Ry Miter Total bots int i i These footings exclude side, spur, and temporary tracks. They show ‘that there were large expenditures in railway building froin 1865 to 1872; a period of luactivity from 1373 to 1876; and renewed neti vity In balling In 877 and sinve about equal to that of the speculative yenrs 1870 to TL The situation of Chicago with regard to this part of the Northwest and its Interests {nthe commercial development of Minne sota and Dakota w | perliaps justify a some- what detailed review of the” doings of ow railroad companies In 1879, Of the Chicaza, Si Paul & Minneapylis Railroad, by which this elty and Minnenpolis, with the raifronds ‘beyond them, are con: nected with the Chicago & Northwestern way system, It may be stated that its carhings in 1878 Were nore than one quarter larger than tn 187g, aut the inerense: in lsiPover i8i8 was fully In equal propor- tion, In permanent inepre nents aud adal- tlous of rolling: tack, probably ne read of no Greater Lengel (200 wtles) will make a better showing for they fi The permanent tm provements Inelude hry rds and depots and exter ‘ey spur tracks at Eat Claire and Menomonee, a terudnal yard at St. Paul, four new stations, enlargement of bulldings at other stations, ete, we ndlitions to rolltiic stock Incltides ten locomotives and 360 cars, tind contributions to tho color lines of 470 curs, besiiles o contribution of 150 cars, each bolle expressly for the traflle for the Lumber ‘The Tumber Ling {san organization in whieh the Chicago, St. Paul & Minneapolis Conmpany {4 assaelated with tha St. Paul & Stoux city, Sioux Clty & Pacitic, and Kanans City, St. joseph, & Council Blitfs Rallroad Companies, ‘The first apportionment re: quires 500 cars to be furnished by the Ist of March next, of whieh 250 have already been supplied, and are in dally use in the dine, with 200 to 800. common cars, Its munager, located here, anticipates that the Ine will take 75,000,000 feet of lumber this year from Eau Claire and) Menomonee, and "35,000,000 feet from other points on the Chicago, St. Pal & Minneapolis: Rond—the moat of aoilen Will be earrled to the Sfissourl and be- yond, The Chiengo, Milwaukee & St. Paul Com- ey have extended thelr Hasthigs & Dakota ine from Montevideo to Ortonville, at the foot of Biz Stone Lake, on the western bor- der of the State, a distance of forty-six miles. This road, when perminsion enn be had to cross the Slsseton Sloux reservation, will be further oxtended np the valley of the Dukota River to Jamestown, on the Northern Paelfie. ‘This Company has nso nenrly tuished: the grading for adonble-track short lino between this clty and Minnenpolls, whieh will” he opened early nest sium the year with all Its rowds in Ing order and fully equ H, and, expeclally” for the last four or fi mnths, has lad on ithe Minuesote lines a larger trafic than ever whore, Tho Chleago & Northwestern Railroad Company has begun Its Black Ts. Branch of the Winom & St, Peter Division by build Ing forty-seven infles, from ‘Traey tvard> he And right here It is hiteresting to note That aa than nine railways are project- t Minnesota into Dakota. ‘These are, pkston & Fort ‘Totten, bullt. to Grant Forks; the Northern Paelfies an exten the St. Paul & Manitoba Une from Breekin: rhtge to the Missouri, as get only a project; n projected round from St. Clotd, to enter Dakota at the head of Bly Stone Like, whieh iy in the hands of experienced ratirond builders; the Musting & Dakota, walting at the fant ol Stone — Lik for permission to cross it small reservation; tha Slack TMs Braneh of the Winona & St. Peter, bullding;, the Black Hills Braneh of the St. Paul dSloux Clty, bullding; tho Sonthern Minnesota, at the border; and the Worthington &. Sioux Falla, lullt, The Caledonia, Mlastsstpp! Vestern Rail- roud Company hing built dtty-seven and ane: lialf anites from the Chicazo, Dubuque & Minnesota Road on the Mississippi westward through Houston County, The St. Paul & Sloux City Company, by consoldation, purchase, and bullding, his ti erensed {ts poxsesstons dirk 1870) from: 123 to 660 iuilles of operated road, Its acquini: tlons are the Sloux City & Si quiless Worthington d& St St. Paul, Stillwater & ‘Taylor's miles; Jindson & River Falls, 13 Covington, Columbus ee Black Hilla, renamed Sloux City & Nebraska, twents-six miles} and the Onmba & Nebraski, sixg-threo tnlles., Ithas built on tts Blus Earth Branch, pobuthng to Fort Dodge, » thirty-four Milles, from Crystal Lake (near Mankuto) to Blue Earth City; on tts Bek Hs Branch, leaving tho main Tne at Meron Lake, and polnting to Flandran by Dakota, to Woad- stock i Pipestone County, forty-four miles; and 9 branch to open the ‘Company's Tan: down the Rock Iver from Luverne, twen- ty-elght miles. ‘This Company Intends to bulld from 150 to 200 uilles ot road this yeny, fifty of which will be for the completion of tts Oninha & Nebraska Division to connect with the math Ine at Sloux ta ‘The maln Une ts belag relald with steel ratte, ‘The Mhimeapolls & St. Louls Company is Tt entered upon xeellont work= SB bet of warehouses owned by private parties, ‘This Company has used fron tles on eighty miles of track nid last pean, and has relaid 115 iniles of {ts road with steel rails. It hag also inne large additions to its rolling-steck, The Northern Pacitie Company, In extend. Ing its Ins beyond the Missouri, lias tatd sixty iniles of track the past season, graded 140 jnites of rondway, dnd has provided for the completion of the line to the Yellowstone by the Ist of Suptanbts next, It has relat Its tracks from Brainerd to Fargo, 138 miles, and built nine freight-houses, while private piartics have built grain elevators and store- houses ab sixteen stations, It lias added to its rolling stock ten locomotives and 100 enrs, and contracted for ten locomotives and 3 cars, to be delivered curly next spring. It is this winter InereasIng Ils dockage at Duluth, aud assisting in the building of a new clovat- ‘or there, The St. Paul & Duluth Company, during the Inst yenr, lias Dullt n spur track of six alles, from North Pacttic Junction to Kulfo Falls, on the St. Lonis River, the antlet of mn extensive pine region. It has also ernded ten miles of roadway ona branch line from White Bear to Taylor's Falls, which will be opened about duly 1 next, {8 gross carn- jugs for 1879 amount to $560,000,—the most in thy, year since the road was opened, It is ny Ming seventy-five ears at its shops in this city, ‘fhe North Wisconsin has been extended within the year twenty miles nearer to Lake Superlor, “Its Itunber and wood earrylng mikes on lirge business, as may bo Judged from a pending contract © with one party which requires the bringing to. Tiudson on the St. Croix from Cumberland, the operating terminus of tho road, forty Sortoats of plne hogs daily from Dee. 1, to April. ie local hmprovements by our railroad companies made and in progress are of great inportanes to this elty, ‘The St. Paw) & Manitoba Company duriig last year built here two freight-hou and a headquarters Atl, the former 90 and 400 by 40 and 50 feet, nn the latter 50 by 100 feet, tree stories: and windowed basement. Ditehne Alea it year it will build wear, machine, and ‘The St. Paul & Sions City Company has be- gun gradhig and track-laying for extensive shops and terminal buildings to be built this year, ‘Che Northern Pacific has begun grad- ng fora hendguarters butting (four stores) and Iarge Trelelit-houses to be erected this year, The St. Paul & Duluth Company Is » to bulld-a headquarters bullding here this year, The Chicago, Milwankes ts Pant Company ts enlarging Us freight-yaris, and intends to build this year farger frebght- houses than any yet built here, "Phe Chicago, St. Pant’ & Minneapolls | Com- ytanye hins made heavy — expenditures here the — past year in” establishing Its terniinal yards. The Union Depot Company, In which all the compaties just above named are wnited, will expend ‘this year about $100,000 it grading and hh building tts depot, and train-honse, “Finally the competion of the double tracks of the Chicago, Miwaukee & St. Paul and St. Paul & Manitoba Com- panes will give us dive raliway tracks he- tween St. Paul and Minneapolis before the coming summer Is over. We have In use only four wholly distinct rallroad Ines to Chicago, hut expect te have sone time two snore,—one from the [linofs Central system and the other, perhaps, the Chicago, St. Parl, Edmonton & Sitka Atr Line, As, yislonary an idea as that may become a solld fact— prs y before this era of railroad building has ended, IOWA RAILROAD MATTERS, Spectat Corrrepondence of The Chicagu Tribune. Drs Morses, don, 5.—The Illinois Central propose to make extensive improvements on thelr Iowa Division inthe spring. Steel rails will be laid, and possibly Pullman sleepers nidded. At the junction of this road with the Des Moines & Fort Dodge Thad a new town Inis started, named Ulnols Central Junetion, witha big boom, II, W. Brooks, of Wiscon- sin, Wil establish: an fumense creamery there, and will guther milk along the rail- rods in each dlreetion fur a hundred miles, and will keep 1,000 cows himself. ‘Chere ts no better polnt in the State for such a con- cern. 5 A largo engineering party of the Fort Madi- son & Northwestern Narrow Gau Ing surveys this winter, so that construction can begin when winter closes, Supt, Kenrick snys he expects to build 100 miles next year, which will bring itwell_ on toward this elty. The Chicago, Rock Istand & Pacific have Propused to the people of Keosatiqua to build abranch from thelr Keokuk & Des Moines Division for $20,000 and the narrow-gauge road and franchises already begun and right of way and depot grounds. They will prob- ably get It, ‘The Chicago, Burlington & Quiney and Chitenge, Rock Istund & Pac! wil soon have Western and Central Iowa gridlroned with railroads, ‘They are worklng together, and bullding branches from road to road a intervals of twenty or thirty niles between this city und the’ Missourf. From here to Albin isa branch, vin Knoxville; from here to Chariton, the two meeting at Indianola, From Creston the Chicago, Burlington & Quiney has a braneh to Greenfield, ty Adatr County: ‘The Chleago, Rock Island & Pacifle will doubtless run’ Its Winterset branch to Greenfield, ts entyaive, Iniles, and make a connection, From Red Oak the Chicago, Bure Ington & Quincy arebullding, toconneet with abranch of the Chicago, Rock Island & Pacific from Atlantic; t! twelve mites south of Le’ In Cass County. Both are enely construy . It is now rie mored that tho Chieago, Bue ltuston. & Quincy will build a branels trom Mastings, In Mills County, t) Macedonia, in Pottawata- unde County, where ft will meet a branch of -| the Chieu Rock [sland & Paeitie from Avocet. ‘These branches will be valuable feeders to the malu Ines and of great ben- efit to the peaple. The Clarinda brane of Jay Gould's Wa- Dash combination is complete dt runs twenty iniles parallel with the Cileago, Bur Hngton & Quincey, Pago County Is one of the best and Jargest stock-ralsing countles in the State, ‘Tho towns along the Cedar Rapids & Ot- tumwa extension of the Chicago, Milwaukea e St Paul, whieh ts the rivalof the Des Molnes & Marshalltown route, having falled to vote sulliclent ald to secure the necessary $250,000, a change Ju the route is to bo made tnd new volte ordered, | Meanwhile the Des Molnes route ts booming right along, Lust Monday this elty: voted a2 per cent tax by ainnjorily of 0 to-1, and every town be tween here and Marshalltown but one las voted a tax, Marshalltown will vote 13 per vent tax by a large majority, whieh will nssure tho success of the project. ‘The mat- be considered by the Directors of the no, Milwankeo & St. Paul at thelr in New York this weels, and a final deelsion made. It ds estimated the cost of grading aud beidglng this road will not ex. $3,000 pur mile, while the grades do not point is about excel fifty-three feet nt pny point, whieh will make it tha most profitable frelght road in tho State, 3 a greater load can bu drawn bya single fucomnli Noy, 17, 1870, the State Auditor mailed a Totter to the Treasurer of Henry County, tie closing valnable pape It never heard of untll ono day list week, when It wad re turned to the Auditar, with the inforinal that it was found in tho Hatng of aimallcay, which lid been overhauled In the earshops, Durhog the year 1870 J, Mawksworth, engl- neer on the Des Moines & Fort Dod M2of the 84 days of the year, mia average of 175 iniles 0 day, or 53,350 nifles. aurng tho year, Can any other throitle- puller show a better record! Gvorge Wells, tho ble farmer of Grundy County, offers $10,000 cash and the grounds for a. depot to the railroad company who will build n road across hiy farm, A bridge fs now being built neross the Mis- gourd at: Plattsmouth by the Burllugton o& Alssourd in Nebraska Rattroad Company, ‘Two spans are steel $00 fect long, 20 feet dvep, with panels 5 feet Tony, the: lte-rods erosslng two panels on the double Intersce- tion prinelple. “The reniudader of the struct: vrs fs Of fron, Chres spats 200 feet long eel, ant a vindiet of 1,500 feet, “Pho steal ls naw prosvetting ity branch ta Fort Dade, Li being made nt Pittsburg. ‘The iittly, will he on which it has built thirteen ang tniles In this “Stata this not reported In Lowa, this year, 4 hall year, and a distanee The branch will be inished i ‘Tha Southern Minnesota Mailroad has been extented elghty-six and three-fourthy wie, to the western oundary of the Stite, he St, Pant ye Miineapolla & Manitoba Company, Which succeeded in Jime nat to the property and frinchives of the St. V4 Pacliic and Flost Division bt. Paul & Pacille, how since completed Its main ined, giving two tracks from St Paul to Glyndon and ond thik theuce tu St, border, building suventy-clght miles of and hay glso built fourteen and ahialf miles on Abs. projected braneh to Fort Totten on Devil's Lake, which leaves the main neat Cook- aston and crosses the into Grand Forks, be finished durin xy ‘York on this branch will the coming season, Fe neent, on the Manitoba f road; River of the North nue grain elevators haye been bullt Ane Vila Company's Nnes alnce July) last, be sldes sixtven frelght-houges and a large nue dtony at the shops of the Railroad Company, Tt bs rumored that the shops of tha Chicago & Northwestern are to be remoyed from Cine ton to Boone, ‘The Knoxville branch of the Cliicago, Bury Mngtan & Quhicy ta this city will net be yendy Cor busiiess befure Rebriary, here: is only a temp rary bridge across the Des nes River below this city, and the present thuw Is Hkely to interfere with the plaehyg of the permanent iron structure, ‘The other inorning Conductor Gleason fulled to put In his appeanmesat Keokuk for Dis verutir run to Des Molnes. After waits {ng an hour the trai pulled out in charge of tho buegage-master who pinched the Hekets with his penell, When the tran iad been ona several sinutes Gleason hove nto the it rnder full steams wut blowing off ata Ulg pressure, itappears he has depended on his wife to wake him up—made a sort of slarm-clock of her, w3 It were. She went of visitlig for the lioldays, and Gleason, not getting tho usual and accustomed punch in my alr shops Which will havea frontage of 3,000 feet. , the back, failed to wake up, He reenlled his wyife Iinmediately, and now he 1s on timo all Patt PITTSRBUNG & LAKE ENE. Spectal Diepateh to The Chicago Tribune. Prrranvna, Jan. T—Tho struggle for ane premacy between President Bennett and Dr, Hostetter, of the Pittsburg & Lake Eris Rallrond, Is tho principal tople of diserssion in business cireles, President Bennett says, in reference to tho charges which have been preferred nguinst him, that the Issue of pre- ferred stock has nothing to do with the ac tion of Dr. Hostetter, because, when the res- olution was brought up before the Board of Directors, he spoke and yoted in favor of tt. No resolution to {sstio $800,000 worth of preferred stock was ever offered before the Board, The resolution which was offered, and) which did pass, authorized the issuing of £350,000 worth of preferred stock, anil such subsequent sauces as would be nec essary to muke up the deficiency of non-pay- ment of subseriptions for common stock, whieh would Increase the total to nbont $400,- 000, possibly $450,000, It was proposed that, if the preferred stovk shoukl be Issued, It should be distributed pro rata among those who held the comnion stock, and thus the control of the roud wontd nok have. passed autof the linnds of thase tow runny nH it. ‘This question of preferred stock iis, however, passed entirely out of | the discussion, as it 1a no longer a part af the polley of the Company to ixsue It. It 1s further claimed by the Bennett side that, as Dr, ose tetter owns one-fifth of the stock and four. fifths of the bonis, his Interest ns a -bond- holder. outweigh a3 9 atock- holder, and, if there could be a defantt tn the payment of the interest on the bonds in duly next, he would step in and take possession of the roatl at onee, Tt would be easy to reduce the income of the rand by quarrel with the Lake Shore and the Athntic & Great Western hereafter, and thus eut of all through Dtsiness and rednee the Pittshirg & Lake Erlo to such n lnited ainount of busl- ness ngs woukl hardly pay the running ex- penses, "Nhe most serious charge agaist *resident Bennett is that he influenced Mr, MeGrann to glye the coutrnet for steel rails to tho Clevelane Rolilny-Mill: Company, and thus deprived CILADUT af a large amount of work, It was alleged that by this connee- tion with the Cleveland Company Mr. Ben- nett inde money out of the disposition of the contrnet by MeGrann. Mv. Bs furnished the Investigating Commi written reply. states that tho charga about the contract for rails is wholly false, The snys MeGrann had entire control of the aatter, Slevelan ‘homson dd when he (Bennett) heard that the Company had underbld the Edgar Company $3 n ton, he went to the o rg of the Jatter Company and tried to persuaile them to reduce thelr bid to eor- respond with that of the Cleveland Company, in order to keep the work in Pittsburg, This the Edgar ‘Thomson people refused to do, All” this was known to the Board of Directors, of wile De. Hostetter was, anu Is, & member. Mr, Bennett denies that he ever olfered to sell $800,000 worth of preferred stock to Mr, Vanderbilt, and also denies emphatically that he ever shared profits with Mr, MeGrann, and he calls on Dr. Hostetter to prove hls cliarges In this regard. In his answer, Mr, Bennett says ho has never sought the advieo of at- forneys in regard to breaking the trust-deed, nor has he advised Sts overthrowal, ng he claims Dr. Hostetter hag done, 16 was stated fy the dispateh to Tim | fn yesterday that tha Eeonomlte fn- st was With Dr, Hostetter. Mr. Bennett's friends deny thi: ir. Hentiel has stated positively to Dr. Mostetter that ho will support Mr. Bennett and vote for him at the next elvetion for President. ‘Tho trust- deed nhove referred to Isa deed signed by: 21,000 shares of stock out of 40,000 shares, agreeing that tho voting power shallbe put into the hands of Trustees in order to provent the Pittsburg & Lake Erie passhue Inte the bands of another eorpora- tlon. ‘These ‘Trustees are Wiliam TL, Vander. Mt, J. 1 Devereaux, dames TL. Bennett, a. Henrich, and David. itostetter, “Mere was a meeting of tho Committes of Investlen tlon tis afternoon, when the written reply of Mr. Bennett was subultted to them. Their report will be ready to land into the yearly mecting of stockholders on the t2th ust.” About 38,000 shares were voted. Man- ufacturersare considerably excited oyer the quarrel, and ore doing wl thoy ean to heal no breach, Some of them fear the upshot of thomntter WH) be the aequisition of the road by the Pennsylvania or the Balthnore & Ohto Company. ST, PAUL EASTERN GRAND TRUNK. Speciat Dispateh to The Chicago Tritunes Minwauker, Jan, %—President Rhine Innder, of the Milwaukee, Lake Shore & Western Railway, made a statement ton re- porter to-day thatis calculated to serve ns a damper upon, the new rallway enterprise known as tho St. Paul Erstern Grand ‘Trunk, Uhinclander sald the scheme to bulld the new line was projected by the Ion, Thad, C, Pound. The proposed line §s to extend from St. Paul to Lake Michigan, and to complete It will require the construction of several short connectlig Unes of road, ‘The Wiscon- sin & Minnesota Company, 0 newly-formed corporation composed of several gentlemen Interested In the Wisconsin Central, stepped forward and offered to build fifty-four miles from n point near Colby to the West Wiscon- sin at ¥ Inire, or some other point east of that city, The Milwaukee, Inka Share & Westeri’ Company, also offered to bulld a piece of round from its_ present northern ter- jininus ton polnt near Wausau. ‘The three In- terests then came together, and the result was. an agreement between Mr. Pound on the ong. slde, and Messrs, Rhinelander and Colby on. the other, that Mr, Pound would not Inter- fere with thelr respective Jines, and that In euse they did not build within slx months, all of Mr. Pound's rights or Interests should re- vertto him. This agreement was reduced to writlng, and, as Mr, Rhinelander says, amounts to: no more than this: You grea to meet aman ata certain hour, and tell him: ou are not on hand, he need not walt. (had been at sone expense fn mink Rhy and for this he was relmbursed, ‘The meet] 1 New York amounted to nath- ing whatever, Sul someting definit will be arrlyed ut witht a fortnight. Coneeruing. the prospects for buslness bn connectlon with the new Hne Mr, Rhinelander. s0; “Wo van only look to carrying supplies and set- tling uy tho country. This woukl be the only object In building, and wo are welghing the mittter, 1 can sny to you that there Is noth fru postive 80 far as Wo nre concerned yet, but 1 look for some definit action very soan,’! GREAT TEA! WN PAST FREIGHT, Spectat Dispatch to The CAcago Tribune, Deruorr, Mich, Jan, %Z—The Managers and General Freight Agents of rods form- « the Great Eastern Fast Freight Line hell a regular senil-ainual meeting at the Russell House to-day, and vleeted the following ofl cers: Chalrmanot the Excentive Board, L, J, Sergeant, ‘Yratts Manager Grand Trunk; ‘Treasurer, John Porteous, General Freight es: & Agent Grand Trunk; Sceretary, 1 General Freight Agent Northywester ‘Trunk, ‘Tho general oficers have been los ented at Montreal for the [ust six months, and will remain there for the present. ‘The Chi- engo, Milwaukee & St. Paul, Winois Midland, and the New York, Lake Eqlo& Western wore ndiuitted ta meimbersh The othor roads. interested are the Ora the North- ern Grand ‘Trunk, the Vermont Central, the Filnt.& Pers Marquette, tho Grand) Rap ds & Indiana, the Indiana, Perads Eblengo, the Loulsville, New Albany & Chicago, the Tadtann, Bloomington & Western, the & Vincennes. ‘The Ine possesses neat! cars, and Is constantly adding to the nmnber, Manager Mickson and his Harty: of Crud ‘Trunk ofleiats leaya to-marrow for Port Hus ton, and gu thenes to Chlengo, THE SONORA ROAD, Spectat Dispatch ta The Chicaga Tribune, Bosrox, Janu, 71—The Hon. Levi C. Wade has made fils report tothe Sonora Ratlronl Company of Mexico on the Mexfean grant, ‘fhe report Is favorable, It has been necept- ed, ant the contrrctors have been Jnstrneted to proceed hnmediately with thelr work, bo gluning construction at Guaymas, ‘Che road will ran from Guayiiag, the prinedpal sens port of Sonora, nearly north to. the northern border, on distanee of about 20 niles, when ft will connect wilh the Atehison, ‘Topeka’ & | Santa fe, The exnet point of conncetion hss not been determined, a3 Jt is beyond. thy ne- cepted Atehisun suryoype grunt Wes 23,000) neres on nile, but the Jompany and the Mextean. Government lave agreed ib shall be shapged fo $8,000 a inile with certain othor privileges to the Com- pany, and the Governnyent jins ‘a year in which to accept thesa niceliflcatios, ‘Tho Sonors will by the only roud Uy Northern Moxley, and the only Mexigan read connect. ing with tho United States, Ib 'wht by the shortest ne. across the Continent, Mag. mificent terminal factlities nt Gunymas have Leen granted, and it Is oxpected that a largo Amount of freight from tho United States to Australia, Ching, India, and South America will reach tha Pacifichy the now Hine, —— CONSOLIDATION PROJECT. PmLADELMITA, Pa, Jan, 7—Aboub forty or fifty stockholders of the Pittsburg, Titus- ville & Buffato Rallrond Company held an informal meeting to-lay and discussed tho following proposition submitted by the Pres- ident: The Pittsburg, Chautauqua Lake & Huitalo Railway Company (running from Brockton to Corry, Pa., where it connects with the Lake Shore) offers the Pittsburg, Titusville & Buffalo Road $125,000 In eash to take thelr (the Pittsburg, Chantauqua Lake & Buffalo) rond and merge tt into the Pitts- burg, Tltusville & Bullalo, the Pittsburg, Titusville & Butalo Company to Issio 80,000 shares of stack, and asstine control of the Pittsburg, Chantanqua Lake & Buffalo Ratl- way. The Vrestdent ant that by, neuen the proposition he would be able to pay of the entire issue of Income bonds, sertp, and back Interest, and the maturing coupons of tho road, leaving acash balance of 350,000, whieh would be expended in finproving the road-bed, or for purchasing adidltlonal cars, The storkholders gaye thelr consent to the proposition, Final action will be taken at another meeting. ANEW LINE. . Spectat Dispatch ta The Chieago Tribune, Omaua, Neb, Jan, 7—A new rallrond company, the Sioux City & Nebraska, which isn eousoltdation of the Sloux City & St. Paul and the Omaha & Northern Nebraska Rallronds, filed articles of incorporation here to-«lny, Phe: eenpltat stock is $0,000,000; In- debtedness linitted to $4,000,000, ‘iia ‘con neeting link [s to be bull hoxt summer from Sloux Chey to Oakland, the terminus of the’ Omaha & Northern Nebraska Railroad, thus qakhing a through Ine between Gmalia and St. Paul The oiticers a President, Charles IL, Bigelow; Vice-President, Russell Blakely; Seeretary, James IL. Drake; ‘Trens- turer, Horaea ‘Thomp: SOUTHERN AGENTS, Nasitvinie, Tenn, Jan, 7—At 1 meeting of General Passenger and Ticket Agents of the Northern, Western, Southern, and South- eastern Hnes to-day a system was adopted by which it 1s hoped all the Ines will be able to work Jn unison, and prevent the cutting of rates or any other irregular practice, They are busy at work te-wleht ono revistou of tho rates. ‘There will be a reduction In the rates from Louisville nnd Cincinnathand con- tignons points on account of the completion of the Clucinnati Southern Rond, but it will not affect polnts east of Pittsburg or west of Indinnapolls, the rates from those regions being the same in proportion to the proposed yeduetion. The Agents will finish thelr Ja- bors at late hour to-night, RAILROAD ELECTION. CLEVELAND, O., Jan. 7.—The annual meot- ing of the stockholders of the Cleveland & Pittsburg Railroad was held In thts elty this morning, ‘The old Board of Directors was releeted without any opposition, ‘The total receipts for the year ending November 90, 1879 besides the Income recelved under the lease, were $5,600, Out of tts there was expended S18%, leaving a net surplus of about $5,400. ‘The guaranteed ineome — was $1,214,000, nnd expenditures made from the snine, $1,213,000. ATCITISON, TOPEKA & SANTA FE. * Spectat Dispatch to The Chicago Tribune, Rostros, Jan. 7—The Directors of tho Atehison, Topelcn & Santa Fé voted to-lay to consolidate with the Pueblo Read ona basis of two shares of the Atchison to three of the Pueblo, which is about the ratio of the t market value of the two stocks. ‘The Directors of the Atelitson Road declared ndividend of 3 per cent, payable Feb, 1, GEUORGLA CENTRAT. Savannxan, Gu, Jan, %—Tho Georgia Central Rattrond stock, which Tuesday even- Ing was quoted at 79, went up to 9 to-day, closing at 89, Phere is & general expression of satisfaction nt tho leasing of the road, TEMS, Commisstoner Albert Vink has Informed the railroad managers that the next regular meethig of the Wleh Jotuts will be held at New York, on tho 20th of this month, Mr. RS, WInir hins been appointed Assist ant General ‘Ticket-Agent of. the St. Paul & Duluth Rallroad Company, with head- quarters at St. Paul, : : Mr. Thomas Jackson, Inte chief clerk at tho office of tho Assistait Genoral Freight-Agent of the Baltimore & Ohio in this city, las been appoluted Chief Clerk of. the Genernl Frelght Department of the Kansas Paclite Raltroad, Tho Committee of eftizens of Kalamazoo appoimted to consider the feasibility of con- structing a brauch Ine to connect that city with the Chicago & Grand Trunk met Weilnesdny, and resolved to. Spon, corre- spondence with the Company and ascertain on what terms It will complete, equip, and operate the road, f€ tho people of Kalamazoo and citizens along the proposed Ine will fur wish the right of way and grade und tle the ron, Mr. L, Cherry, for some sont. past in churge of the Express Deparhuent of the Baltimore & Ohio Railroad Company in this eity, has been promoted to a more hnportant position ‘in the general ofica at Baltimore, and left for that city Inst evening, Mr. Cherry, while in charge of the oflee In this city, proved himself to ba 2 eapable, reliable, vent ofticer, and his prosmotion is well rved, ‘Tho statement of Jan, 3, showlng tho equalization of the east-bound pool business from this city, makes the following exhibits Michignn Central, 3517 tons over; Fort Wayne, 6434 tons over; Baltimore & Ohio, 1 tons oy Lake Shore, 8,111 tons short; Pan-Hindle, 3203 tons short. It will be ob- served thiut tha shortage of the Lake Shore Is larger Uhan it was when last reported, al- though the Fort Wayne is still turning over some of Sts business to that road, Mr, 'T. D. Blackstone, Prestitent, and Mr. i. C, MeMulli neral Mannger, of the Chi- cago & Alton road, have returned frou tour of inspection over thelr road, whieh was nade for the purpose of Inducting Mr. Chappell, the new Assistant General Superins tendent of the road, into bls position, aud introducing him to the various — officials nt emuplosts wong the Hue. Mr, Chappell wil direct alfairs = from) Blooming- ton, and has charge of the operating departinent of the road Rublect to directions from General-Manager MeMulitn. Mr, Blackstona and Mr, MeMullin wero asked by ‘Tine Tanunr repre: tive whit, Was the cause of the large addy in the stocks of thalr Company yesturday, "They sald they could account for it on no other ground except the exeellent showing dn faraina made during 187), and the prospects of vsti larger Inerense during this year. Thoy had no doubt that a great many would attribute It to another effort on the “part of the Ganld syndleats to obtain possession of thelr rond, but they did not belleve that such was the fact, and dey had no fears whatever that the road would be wrested from Its present owners, ‘The St. Louts Fennbdtec, states thint the Denlson & Paelfle Ratlrond and the Denison & Southeastern Rallroad have been pur: chasmt by stockholders and bondholders of tho Missouri, Kansas & ‘Toxas Road, ‘The Dentson Pacts was built aud owned by Col, RS, Stevens and his associates, ant Col, Stevens was President of the road, ‘The sale was consummated since the Istof January, anid tho two Ihnes will bo turned over to, tho purehawers on the lth day of January, The wo roads will consolidate, and be hereafter known as the Missouri, Kansas & ‘Texas I5x- tonsion, Under the new manngemont the Denison, & Southeastern Nond will be ex- tended through to Palestine, 100 miles from the present torminus ut Whiteright, aud the Denison & Paelfie Ling will bo extended 150 tniles in the direction af Southwestern ‘Texis, ‘The gale, now firstiuade public, ts consitered very inportant in view of tha valued connec: Hors apd Increnied extenston projected, A Houthern Diacavery,, * Aberdeen (Mis) Weekly, . ‘Dr. John Re Gladys at Chickusaw, a student of resuurch and ability, was fu tha olty during: tho week, Ho hae discovered a proces tor tuukiug pure, aud choap weleklea oud brandics from sorghum-beor, that gives assunince of chouper und better Uquons to our drinking peo- plo than bayg been vouchsafed thom Ja the past, en oie aang eng ato re ro stun: ven ol : SHrowa's Household Punadoa.” aS conte, i The Dawn of Better Times in the Stock-Market, Tho Little Boards Boom While tho Big Board Keeps Christuas. Revival of Intorost in Outside Minoral De- posits of California and Novada. A Discoverer ond Wis Sad Fate-Cold Weather Theatrical and Social Notes, Sptctat Correspondence nf The Chicago Tribune. BAN Francisco, Dee. 29.—Tho ol udage, that tho darkest hour ig that bofore dawn, was veri- fled at the Stock WBonrds Inst Mondny. Whon Unton had fallon to $31.60, Slorr Novada to $14.95, Mexiean to $13, and Yellow Jnckot to $0.75, overybody said that now tho bottom had fallen out. Bets were freely made as to Union going to $15 beforo the close of tho weck, and nobady could bo found willing to sell puta on Yellow Jncket oven nt 83. Mon who had bought stocks ut comparatively high figures, and had averaged down, in many enses “let yo," and fn othors oven sold double tho quantity they had purehnsed. The alr was full of talk about fail- res, ahutting up the mines, mlyrations ta New York, and a general potering-out of everyting. Every one agreed that It was tho precursor of the worst Christinng market known horo or anywhero else, and that no improvemont could possibly take placo before January, 1880. Yot, aintd all this gloom and demorallaation, a fow cool, con- servatlvo operators pitched In regardicss of nit the points touching impending disaster. They bought everything, from Utuh at the north end to Benton at tho south; and beforo night thoir exnnple had been followed by a fow of tha shorts, always upprohonsivo of ambuscades and pitfalla, By ‘Tucsday morning the stock-pationt was pronounced n shide better, By noon of thatday ho was “out of danger, barring auy sudden shocks.” By Wedneaduy he had deeided- ly guined strength,—Union thon waving tho 843 tng, and Yellow Jucket being iirin nt $9.26,—and. Ina fale way tonttain tho $10 mark, At noon the brokers of tho Big Hoard tn consultation declded that all the pationt required was MEST AND QUIET, and they accordingly djourned over tho holl- days until to-day,—one of thoir number “ lnying down,” presumably because he found himself unable to recover his balance in tho exciting atmosphere of the Board-room. The brokers of the little Honrds, howover, percelving thelr op- portunity, determined to keep the bull n-roll- ing; and accordingly dealers who ventured down-town on Friday were astonished to And the boys In the Paelfig hud made a boomlog market atl by themselves. There were reports of astriko in Belcher, and, 23 9 consequenee, the whtlom pet. of Ser@tor Jones bad ndvaneed 4 per cont. There had been n strike of oro assaying $13 to tho ton in tho depths of Yellow Jucket, snd that favorit ‘of tho musses was sti? ns a poker at $10.25, In fact, « mumber of the young Pacifs, knowing that nll availablo stock would be locked up in the big brokers’ vaults, hud quictly bought up all thoy could pack before the adjournmont on Wedneaday, und then made thelr own boom when tho overshadowing rival establishment was closed, Formorly tho Pacifla brokora were considered untrustworthy, but of luto th have been so few follures there that mone; men by no means disdain tha little outside or- gunizution, which fs quite a paying institution, In this instance it is not improbublo that tho Paclfa may havo led the van in the upward movement of next month,—for there can bo no dowht that, with the splendid showing in Union, that stock will advance; and It {3 lkely enough that, us on former ocensions, It may bo used us i tow to bring up alt its Iesser-priced nelghbors. Shipping ng lt now docs over 350,000 n weok, it ought not to belong before Ualon shall be ont dividend basis," Lknow of Eastern parties who within the lust few days have by cn buytug Union by the hundred, and who, oven with the advance of {) per cent scored alnce their purchnscs, have preferred LOCKING THE BTOCK UP FOR DIVIDENDS, Still, with ntl the execllent promise hold out by thigandother Comstock praperties, nm well aware of the prejudice existing tn the minds of Fustern peonls against mies, many of wile, have been worked In the interests of manipus Jators, und fow of which could, except ut such exceptionally low rates as at present rule, bo consitered legitimate business investments, All the world has been running after speculative aniilng ventures, whore n fortune might de nc- eumuinted, not by slow degrecs, but in a singlo operation, extending over a ‘few weeks at furthest, This hus brought about « demoruliza- ton resulting in tho neglect of tho rich aurifer- ous gravel-deposita and quartz-formnations of this State nud Novada, apart from tho Comstock. It hug been reserved for i fow Enstern frms— prominent nmong which stand Watson, Lie krange & Gibson, of this cty.and Now York—to rovivp tho tugeing interest in theso legitimate entorprises, where, after Balistaking investiinee tion and nduo weighing of nil the risks attend ant thereupon, investors ure ulforded opportunt= tles for legitimntely developing properties cal- euluted te prove good, permanont-pay lng in t= ments, Whilo not wholly eliminutlig the elo- mentofchince from these ventures, yet the iden of their clionts mmasaing wealth in a day by somo. brillinnt strike, does not enter into tho. entoulitions of firms Uke the above, On the whole, It must be ncknowledged that such men are do- serving of considerablo credit for spending thelr thne and money in tho effort ta bring bofore those ut wdistance meritorious properties, dos pendent for thelr dovelopment on the same menns ns those which have brought ubout tho success ittained by those Interested in the cop- per nad bise-metal imines of other portions of tho Union. It needs considernblo patience and perso- yoruncs to fathom the bottum facts about any prapertys and tt is tho sheerest Juck when a man uppens without trouble or large outlay to stumble Into some really valuable imine. Such ‘was tho lot of ‘THE LATE LAWRENCE 1, HOMER, - tho discovorer of the Homer District, somo twenty-three miles sotthenst of Bodie, which promises to prove one of tho richest dls- trivts In this Stale, When introtneed to the poor fellow, some rix weeks ago, T was desirous of uscertutning for Tne ‘ThtnuNe some purtlou- lars of the tind made by this unknown young mat, but found his montul faculties us lustre- Jess ud tho oyebulls of the ilnstrlous Homer of old he know was, that ho hid come neroas: onorinously rich croppings; that he had located the claims, and had sold them for $60,000 well-known enterprising house’ of Theller, Luty & Van Onlen, of this city, the simu gontiemen wider whose ausplees the Boston Consoltdated, Lovinthan,and Consolidated Paeitle are now ‘being worked, From them Homer received various install ments, but one and ill went in gambling and dissipation.” On the 10th inst. he received the Anal pusment for the property, and hunded aver tho title-deeds, Just one fortnight of cards anil drink sutlloed to squander the whole of his Uttle fortune. ‘Tho day preceding Christmas Eye he chose for a grand extra joltitivation, it was his lust. ‘Tho monoy he bud received for his property wis gone, and, remorse-stricken, he, on the Ath Inst, returned home to reiicet upon tho inixery he had bronght upon hfmself and those dear to him. Ho bad not the counige to fuce his wife, but wrote her an affecting letter, bequeathing ber whut little be hud left. About To‘clovk that evening he wont out, and early on Christmas morning his body was discovered WITH A WULLET-HOLE THROUGH THE HEAD, and nrovolver, with ono barrel discharged, near hin. ‘Tho property deedod by Homer to Tholler, Luty & Co, und iicoxporited ay the Homer sul “Mf tuts Company, fs bulny netively worked by means or aida tunnel driven inn southerly: diroetlon into the mountain, and follawln the courve of a largo number of velng owned by the corporation. Whon. this tunnol fs driven Inn suttlolont distance, the next parallel yeln to tho enst—the Wasatch—will bo penetrated by a eposacut benvath its rich eroppings, while to the west tho Niomo vein will by cross-cutted, thus opening out the oro-body 000 feet in depth bee ueath the cnormonaly rich and inissive crepe pings of this vein.” A large proportion of the uy ly gold, When these openings ire fur enough udvunecd fo fnwury a constant supply, of urd wh % tramway will be built to tho mill, which wilt be altuntod in the 7, 1,000 fet beneath the tins ng}, Whose abundant water-powor will used to ‘drive tho imili-muchinery und foreo com yp alr through pipes tathe tine to work powder-drills, ‘Tho prospects ore in favor of the ffomvr belng 4 divtdend-puying proporty by next sunimer, and it iy sonreely necesgary to add that thore I no stock for gato, ‘Tholler, Luty & Co.'s Hodie mines—tho Boston, and the Consolidated Pacifo—baye proved go successful (uit neither bas over boen asscased, which, to say the least, atfonts pretty good uvi- donee of carvful manigement and sagactous business-Judgmnent, Proporiios manuged by persue who tnike ft a rule lot to mages are iq= Hnitly prefurablo to unasdcssablo propertiva; and, the sooner this fact bs understood,the better for Enstorn investors, Your rowers have been kept pretty fully past- od nbout Tuscarora, but thus fur f have hid but Titele to of the private Nevada mjues beyond tat distrlot. ng tho oO ut Elko, the traveler, nt tho cloge of a duy’s Journey, reachea Cornucopid, wevonty miled distant.” U'wonty ites beyond Hea Columbia, which 1s about two miles from iiythe City. ‘Tho only mine ef uny Junportauce opened bere ty THE BLUE JACKET, on which tho only Assurc-voln in that section of the country hus been found. Tho appar ayes of this inivie has been run between and 600 feot, and the jower tunnel hus been extended SAN FRANCISC somo 1,050 feot Into the hill. On this lower tans nels shafthns beon sunk some 150 fect. fay about 400 fect honenth tho surface,—with hoinu Ing and pumping works complote, This haa dis. elored to viow Intra oro-badics, chictly of chloride altver, the ledge averaging over fart; foot in width rnd In somo placer renching Phis Ix, porhnps, tho largest ledge te No. Viti, owttelds Gf. tho Comstock. ‘ho. miners i tho lower tunnel ran over ‘a body of ore 0 feet long, and averaging $100 to tho ton, io wird tramway conveys tha ore from the imino to the ten-atamp milf, one mile distant, at. neostof about 16conta por ton; and {tf mated that there is enow, bnso allver ore (y nat going from fe to to tho ton, toring 100-stump iniil, Hitherto the ores have nll been, ronsted by two Drucknor’s furnaces, but Super. Intenden€ Moroy, who nppears to boa man ot front, onergy and netivity, now writes thht he hinks f¢ will not bo necenary. in futuro to roast tho ores, It seems Hoeitedly. unfortunate for the deyclopmont of the country that tho owners ship of this apparently rich Frospeut Bhould rest with a cupitaliat of thia city, Mr. Thomas Hy, Blytho. whose enormous Interests In Southern Cylifornia and Mexico haye pisvented his even, soins near tho mine for the Inst two yoara anda half, The Superintendent bitterly: complalng that the property, ahould receive so” Ittto atten: ton ut ita owner's hands, and that his sujges. tions for prosecuting the work with viror should havo been so long diaregurded, Were the Hig Jucket, with ita nbundant wood and water facili. ties, in tho hands of Eastern parties who would work Ib energetically, it would probably tum outone of the best-payiny Novada mines, In. tend of lying as at presentina comparatively dormant ‘condition. Under “live” manages ment, {t and the region surrounding tt would undoubtedly attract 18 much attention us THR COLUMDUS DISTRICT, in Hsmeratda County, fa doing to-day, It isthoro that ure sittnted the Northern Melle, the Mt, Diablo, East Mt. Diablo, Mt. Potosi, Mutailic, Victor, and Eastern Helle. The last tated ig tho extension of the Northorn Bello; and If, ike its Proxguitor, it should Pa, thirty consecutive diyidends, agurezating $1,500,000, thoso interest. ed thorein will hive particular ecnuse for compluint, To A.'T, ines, the original In cator, helonga in great. part tho ofedlt for the deyelopment of Northern Melle, while to tho perseverance of J. L. Callison aro due tho dis coveries of rich ore bodies in Mt. Diablo, From provont. Appenrances, this district, which hna been developed largely by meang of tunnels, will next spring ermre general attontion on ave eount of Ite large bullion-product, "Tho moat necurate necount of te work done, and of the future prospeeta of tho district, thus hs come undor my notice, 18 that contained In tho Christmas number of the Datly Stock Report of this city,—a twonty-four-page paper, embrne- ing a renlly excollen: exttone of tho mining op. crationsef tho year. With such a masa.ot mas terial before thein, It ts no wonder that Messrs, Dunker and Holster, the cditors, should have contined their labors almost entirely to Califor. nia and Nevada, NAD THEY PRENETRATRD INTO ATIZONA, they might cusilyghave filled another twenty-four ‘or the mineral wealth,of that Torritory 3 ni bein, appreciated by mon of capital and Influence, ‘The Patagouin District secs at presont erenting tho most stir In tho East tho Janis haying placed thotr Harghaw mine In New York at $lu.n share; and tho Holland Mino, in the atine district, boing In demand at near: tho sumo figure, Now tho news comes that wor onthe old Mowry Mino, in the samo vicinity, will he resumed; and, ju, olber portiona of the Territory ure looming up. It is understood that Enstern parties who recently visited tho Cum- berland Mine, In Yarapai County, reported bay jug found there some yery rich quartz; and tho Superintendent of tho Iron Cap, fn Yume County, ‘writes: “ Motal Increasing vory rapidly In drift, and it looks ng though we wero, coming very fast into a Inrge ore-chim- noy,'* Nd- bearing th v7 For tho Information of those Chicago partica who are interested In ‘Titt GLOnE DISTRICT, Imay stato that a friend, returned from thero yesturduy reports that everybody in tho district is uwalting with Jmpationed the erection of the twonty-stmp mill belonging to the Mexican silver mine, which will be up in Marek next, and which will at once be set to work on crushing a quantity of free milling ore from the mine, av- ernying from 878 to the ten upwards. The ore- body inthe Moxican is now oponed for a dis- tance int Jength of 180 fect, in width twenty- seven fuct, nnd in depth an incline of 140 feet. Once the mill ut work, tho cost of mining, haul- ing, and milling tha ore will not, it is thought, exceed $12 per ton. It is gratt fying to know that such favorable results are being ttalned in i property. tho development of: which 13 en+ tirely duo’ to Chicngo enterprise and capital. Tho purchuscra of the Moxican buyo gone on the prinefplo that, however good a mine muy bo, it will never run itaolfs and that money must be put Into tho ground before Jt can be taken out hoimuatter what may haye beon tho price pal for tho property, ‘THE UNUSUALLY COLD WEATHER of tho past week, while it hus been a source of delight to thoso uccustomed to Enstern winters, has given rise to much earring: on the part of those habituated to tho “ glorious climate of Californy.” Every ono hus beon talking about: tho thickness of the Ice, and the Jack of caloric furnished by tho miserable little fireplaces which ndorn tho majority of Ban Francisco dwellings. Athas been a bad Wook for husbands,—for now every lady ig nblo to adduco the statistics of temporuturo for Christmas, 187), ng a reason why n senlskin Jucket is indlspensablo for her comfort. As night have beon oxpested, tho denth-rito hus guna down very considerably: and, if people could only bo persuaded to take more exercise during the “ frigid term," thero would doubtloss bo loss work for the doctors, Unfortunately, tho wind is now nt this writing Jn tho south, go that itmny bo feared that the ‘cold spell will once more Rive pince to that pis ylose condition of things which, this scason as lenat, hug engendored su much sickness. ‘Tho dry weathor has been favorblo alike for STONES AND THEATRES. The former have hud to keep, open much lator than usual; while,as for tho litter, {t may bo men toned thut, the first nightot the production of “The Now Babylon” at Baldwin's, the perform: ance lusted till a.m. Itis purely 2. spcotice ulur play, portraying somo of the most ropulsive featured of life in England; and as auch it can never be Bo popular in this Ts Ae in, Lon- don, whero, ut the Duke's Theatre. It has alronly run's00 nights, ‘Tho scones at Gromorno Gut deng und on the Goodwood Course atford oppor tunity for some very cleyor trapezo ond acro- butic perforinancea by the Davene family, a8 welbas for somo «1 negro minatrelsy by “The Amorican Four.” Clover, however, as uro tho acrobatic fents of the Davones, thoy certainly do not surpiss tho uchtovomonts of the Lorelliis,— three young inen formerly engaged as printwra on thd Spirit of the Times, and who now, in an {ntorlude to Herrinann's sloight-of-hand enter talnment, go through the most extraordinary contortion’ possible to Imagine, A pocullar jn- terest attaches to these young San Franciscans, tho; bret known toso Many of the audience, and only haying had a, few peas. Pniotice in outhonses and burns, Should, after - this - men tlon, the foreman of Tin TRIBUNE'S typograph~ jeab dopartinent roport a marker: faillig of in’ the number of applicants for tvpe-setting positions, the blame must be Inid ut tho door, or nithor on tho hips,of the avove- mune anatomical curiosities, Tho production of “Tho Seven Sisters" ut tho Cullfornia bas attructad to that theutro a goodly number of perious who saw tho pleco inany, many years nyo, ‘Tho best seene in itis the grand transfor- mutton ut the close, Hero, too, aro uthlotes and vontortiontsts; and, a8 people will flook to see that stylo of entertatmmont, whito tho “legit mutes? {8 performed to einpty houses, there seems ovory probability of 1 continuance of thosy Bpecticulur pieces of tho variety order. At tho Grand Oporn-Houso thore 1g already cone siderable demand for places for tho Patti cont. certs, commencing Jiu, 5, and goon ufter thas Clara Morris will commence her engagement; 80 that theatrical business is Hkely to be good for some tine te come, especially should tho stovk-inurkot {improve Tho walking munia too show signs of reylval. A grand pedos> trian contest took plaice yesterday, aud to-night commonces an international pedestrian tourna: ment, in which Apncho Lidtans will compete with Californians and others. | ‘hts is to be fole Jowed by 4t ladles’ go-ns-yousplouge contest. IN PRIVATE BOCIAT CIUCLES this has not been a guy Christraus, and I am informed that tha custom ‘of Now-Year's calls will not be very genenilly observed noxt Thuri- vey Mrs. Shiltaber's charming Bunday> dny, EB ayer receptions have been temporurily sus- ponddude owing to that indy'a Indisposition. Lvory one is now looking forward to Gov, Per+ kins" inaugural ball, ut Sucramento, on Jan, 5, to which a large number of invitations are bel damned, It pronisoe tobo n vory grand affair; and tho fact ru C, Perkins bolng persoi> ally one of the most popular mon in tho Btate will certainly not detract from its success. Blranger, apeaking with this plain, outspoken, earelesly-dressed busluoss-mun, would hardly suspect Coy, Purkiug to be a man of extruor diuury powens; yet bls past carver boars evl- dones of the sound, shrewd gense which has enabdlod him to attain hia present position. Hitherto ho has lived a quiet, retired family life, and tho change will in some respects not be ul- togvther ayrecablo, oither im or to Mrs. Torking, Thoy have rented the dwelling that has been guoupled by Gov, Irwin, and will doubt= Jvas goon flnd thomselves at bomo in the Bays wardon-liku Clty of Sacramento, Ot, H, ——————$_$—. The Bridgo Over the Tay, and yome American Bridges, St, Louts Glode- Democrat, ‘Thoro are toni truss Drldges woroas the Missis~ sippl above 8t. Louls, which are not regurded a3 very wonderful structures, and yot seven of Pitigu. thd beldgea at Winoui, i Crosse, Day ge. | ‘The bri ‘at Winona, 1» Dus buque, Keokuk, and Hannibal havo spyus of 240, that nt Itovk Island 250, and that at Loulsl- ind of 20 feut, ‘Tho span which gave way at Bt. Charles wus 910 fvot in lungth, yet the sume bridge bas two spang foot ‘long. Ovor the sine river is 9 truss bridge, at Loay= cnworth, with three spans of UW feet, and an. other wt Glusguw with ive of Bis fect. Across tho Obfo thory is a truss bridge ut Steubenville with a span of 20 fvot, ono ut berg 2 uf one at Cincinnati with a span of 515 oo the lougost truus yut ‘ono a Toulaville of 400 feet. The truss over the Keutuoky River on the Cinginnat! Southern: Railroad bus three spans 375 feet In Jones reating on iron piers 175 fvet high. The bridge over tho Hudson at Poughkcepsio has tive spune of 600 fout, with plore ‘135 feet above high water, 3 —————— Noother Whisker Dyo oquals Hill's conte i~and