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About The daily morning Astorian. (Astoria, Or.) 1883-1899 | View Entire Issue (Aug. 13, 1885)
vT-?gifmG fva T&azC'g- v": 8'J L nssrWBlr i'SliW'- V '',T tw- Ci) fto atttj gtoriau. ASTOBIA, OREGON: Thursday., AUGUST ID, 1ES5 r;f; p.-i.v.um canal. On the 31st o January, 1881, the Iuteroceauic Caunl company was or ganized in Paris, to construct a canal across the isthmus of Panama. M. de Lessops jauntily assured the pro moters of the enterprise that the joh could be easily completed within eight years, and promised that the great ditch should be dug from ocean to ocean by the end of 1SSS, at a cost of not over 24,000,000. Considerab ly more than half of the stipulated period has already passed, and it is interesting to learn the condition of affairs. The meagre data furnished by the managers of the scheme render it difficult to get at the esact state of affairs. The London Financial New, however, has made a careful study of the matter, and in its issue for Ju ly 1st it presents a clear summary of the results. The last official state ment of the company brought the balance sheet up to June, 1SS3. There had then been raised by the sale of shares and debentures 10,275,OOQ to which must be added 200,000 as the value of 10,000 paid-up shares to wnccssi'.iiairc and , 023,000 as "the rebate on debentures, malaug the total liabilities incurred 11,100,000. The amount of cash on hand and moneys due from correspondents was 2,320.000, leaving as the total amount of cash spent 3,780,00.0 In other words, up to June, 1SS3, the company had paid out considerably more than one-third of the estimated cost of the entire work. J low had the mo".ey gone? ''Pre limary expenses,"' including "pro paganda" of M. de Lesseps and his immediate friends, had consumed 901,000. "Comic A iiericui," which, the Financial Nt mx says, was "really a corruption fund," and the details of which it would be extremely inter esting to know, was responsible for the disappearance of 180,000. Paid up shares and cash to concexiionaires, rebate on the debentures, financial service on shares and debentures, interest and other expenses of financ ing, aggregate 2,003,000, exclusive of 390,000 for officers, including fur niture, in Paris and Panama, and 24S,000for expenses of administra tion in the two countries. Tho ac quisition of-the -Panama railway took . 3,-7(j5,090 more. Here is a grand total o .7,992,000 before wo come to tho expenditure of a single penny on the work of the canal proper. The outgoes on this account had been 010.000 for .machinery, tools and buildings, and 152,000 for other expenses (including salaries), making the entire expenditure up to June, 18S3, 8,8S3,000. "What was there to show for this vast outlay? Only an excavation of 1,10'J,70:J feet out of a total which cannot fall below 123,000,000 feet,aud is more likely to reach 130,000,000 feet. That is to say, more than one third of the whole amount allotted for the enterprise has been expended, and less than one per cent, of the woik had been accomplished. This was the slate of things, by the com pany's own showing, in Juno two years ago. The probable position of the company at present and its pros pects for the future, so far as they oan be judged from all accessible data, are thus presented by the Financial News: In September, 18S3; M. de Lesseps issued 12,000,000 in obligations, which brought him in 0,810,000, and in September, 18Sl,hc secured 3,100,000 by. another loan. This made a total of 22,273,000 cash raised up to last September, although the total sum for which tho company was liable then reached 30,017,740. At that time L de Lesseps reported that he had in cash 3.120,000, more than half of which must have since been spent Tho conclusion of the Financial Nam is that up to June 1st there had been actually expended 20.800,000. The excavation up to that date did not exceed 13,000,000 cubic metres, the total on May 1st being exactly 12,37G,D00 metres. Assuming that no unusual difficul ties are encountered, and that there remain only 112,000,000 cubic metres to dispose of, the work will require, at the rate of progress maintained during the first part of 18S3, no less than fourteen years longer. Allow ing that tho present rate of speed is doubled, seven years more will be consumed. The cost of future ex cavation, at the low figure of 5s a cubic metre, will reach 28,000,000. The improvements in the Chagrc3, at Pa nama and Aspinwall as estimated by tho canal officers, will require S, 000,000; the interest chargo on sums already raised for seven years w ill be 9,379,500; tha expenses of adminis tration in Paris and Panama cannot fall below 2,240,000. There must, therefoi,.still be raised 44,190,000, on which the interest charge iot tho next seven years will amount to 11, 000,000. But this is only the net sum, and debentures must be issued for a much larger amount. Hereto fore M. de Le3sep3 has had to pay 3?K Per cent as the average discount, and allowing the same percentage in future, tho company must incur a liability of 75,803,000 in addition to the present 30,G47,740, which will make the total nominal cost no less than 103,450,000. Even this makes no allowance for banking or contin gent expenses, which it is safe to say will amount to twelve million or thir teen million pounds sterling. This would make the total liability of the company nearly 120,000,000 and the actual cost in hard cash ninety mil lion pounds sterling in round num bers. Having thus figured out the cost as nearly four times, and the period required as nearly three timc3 the original estimate of the sanguine projector, the Financial Notes pro ceeds to show that the estimates of tho revenues were almost as far out of the way. It points out tho gross exaggerations in tho expectations of tho promoters as to the number of vessels which would patronize the canal, and adopts 5,000,000 tons as a liberal estimate of the yearly busi ness, which, at the high price of 12s. per ton, would bring in 3,000,000. On the other hand, the annual inter est charge will reach 4,950,000, and the running expenses 400,000, leav ing an annual deficit of 2,350,000. "That seems to us," concludes tho Financial News, '-to be the best possible showing for M. de Lesseps, and that is, wo once more repeat, assuming that tho difficulties of hold ing tho Chagres at tho height, during great freshets of 100 feet above the canal, do not prove to be as claimed by impartial experts, truly insur mountable; for we really think that the annual deficiency of 2,350,000 is not so important as the Chagres, which may in 241ionrs destroy nearly all the work of tho canal, or, at tho very best, may require a tremendous annual outlay in dredging tho canal from tho detritus brought by it with the force of a tropical torrent" The truth about the Panama canal enterprise seems to be that it is the greatest tribute ever paid to an enthu siast by the business world. It repre sents the confidence inspired "by M. de Lesseps, and the successful floating of the scheme is duo to his wonderful hold upon tho Eronch nation. When he dies -rand even an octogenarian en gineer must some time die the whole thing is likely to collapse before tho cold figures which his sprightly fane can no longer warm into life. The Oregonian thinks it "strange" that Tiie Astoiuan should comment on the "generosity" of tho O. TL & N company in contributing the Walla Walla or an equivalent of 4,000 in a never ending quarrel with the Al mighty regarding tho action of his natural laws. The Oregonian thinks Tun Astobian's premises are not sound. The company wauls water enough to get its boats to Portland, doesn't it? If the company can get Portlaud to aid it in an endeavor to maintain business there is nothing very strange in commenting thereon. By the way; we haven't heard any thing from the Oregonian for !o, these many days regarding that little proposition of ours concerning light erage this season. Lot us settle these litllo things as wo go on. Tho main subject lies ahead, and the sunlight of reason shall disperse tho fogs that our contemporary would fain have surround it NEW TO-DAY. V2SITING CARDS. A I.sre Stock or FIXE VISITING CARDS, Or Every Grade TO BESOI,D for cash. APPLY AT ASTORIAN OFFICE. Notice. MEETING OF THE SCHOOL BOARD OF district No. IS, CIatio? countv. Oregon, adjou.acd to meet at the oiuce of 'James W. Welch (over Foard & Stokes' More.) to Sit as a board of equalization, ou Saturday, August 15th at the hour of 10 o'clock, a. ai." By order Board of Directors. C. TY. SHIVELY. Clerk. Astoria, August 12th, 18S5. Notice. STATE OF OREGON, COUNTY OF CI.AT sop. ss. By order of Hon. Frank J. Taylor, Judge of tho Circuit Court of the fctat of Oregon for ihe county of Clatsop, made Aucustllth, 1SS.1. a ttiPeting of the creditors of tha estate of M. D. Kant, insolvent. Is called to meet at my ofllce in Astoria, county and state afore said, on August 25th, 1685. at 10 o'clock a. m. for the purpose of choosing onp or more as signees of said estate in place of tho assignee named by iald insolvent. -US. G.J.TRENCIJARD. Clerk of raid Circuit Court. Astoria, Oregon, August 12lh, 1KS5. Notice. THE TAX LIST AND ASSESSMENT roll of school district No. t. Astoria, Clatsop county, Oregon, is now in my hands for collection, and will Temaln with me for sixty days iromaate, alter wnicii time said taxes will be delinquent. Parties Interested please take notice. J. G. HUSTLER, Clerk Dist. No. l. Astoria, August 13th, 1835. HOTEL FURNITURE AUCTION SALE. ABSOLUTE AND PEREMPTORY! INSTRUCTED BY SAMUEL MOORE, ESQ. - owner of the property. I witl sell posl- ltvcly without reserve, to the highest Didders On Tuesday August 18. at 10 A.M. Kvery Artlclr of Furnituro Contained in the Bar-room, Office, Dining-room, Parlor, Bed-room, .Pantry and Kitchen of THE AST0R HOUSE, On Jefferson Street, Astoria, if desired reasonable time will be given to resposlble bidders for part of the purchase money, Fpr dotniled list of furniture see catalogue. E.C.HOLDKV, Auctioneer. NO MORE AUCTION! But Everything AT COST! r luce AT ADLER'S CRYSTAL PALACE. Valuable Real Estate AUCTION SALE. NOW IS THE TIME TO BUY! Desirable and safe Investment. For Small Capitalists. Speculator or Persona wanting a flue lot whereon to build n home. On Thursday, August 20, at 2 P.M I am instructed to sell, on the premises, near llauthonfs Cannery, the following de scribed valuable propcity, till situated m up per Astoria, as laid out and recorded by John Ad.tir: All ibo river frontage of block 0, (adjoin ing the Anglo American Packing Co.) to ship's channel, being equivalent to over four acres of water lots. Tho whole of blocks 8. 8S. 03 and 101, each containing eight lots 75x150 feet each. We reserve, if neces sary, the privilege of sub-dividing lots to suit bidders. Tjie property to be sold is ad mirably locate!, commanding an extended view of the scenery or the Columbia river and sheltered from the prevailing winter winds, lltlc perfect. Warranty deeds. Tkkxis. All sums uuder $203. cish. Over $200. half cash, balance 12 months at lo per eent, or 10 per cent premium allowed on one half purchacc money for all rash. K. V.. ILOIiDEY, Auctioneer. ROSS' OPERA HOUSE, Monday, - August 1 7th, First performance In this city of the Farclal Comedy, entitled THE PRIVATE SECRETARY, The London and New York laughing suc cess, presented by the full east of THE MADISON SQUARE THEATER COMPANY. Including W. II. GILLETTE. Direct from New York, where the Cometh has been pronounced the FUXN1EST PLAY OF THE DAY. Tuesday, - - - August lftlh. The great New York and London success "THE EAJAH." Seats now on sale at Call Adler's Music Stora A RARE CHANCE. Called to Europe by family affairs that re quire Immediate settlement, I offer for sole my Wei! Established Business. f To the right parties this Is A Splendid Opportunity! Those ouly who mpan business mav apply to FJBA.XK FABRF. PROPRIETOR .MODEL RESTAURANT. Columbia Candy Factory. WHOLESALE AND RETAIL. THE TRADE SUPPLIED, Leave ordeis at Astoria Bakery, Ed. Jackson, Prop. MFurao Empire Store We beg to direct special attention to our LATEST IM PORTATIONS of NOVELTIES Fine Dress Goods, Lawns, Parasols, Corsets, Hoopskirts, Etc., Etc. Which we are selling according to our motte: "Tho Best Goods at the Lowest Possible Prices." OH AS. HEILBOIN Dealer at Wholesale ami Retail tn Furniture, Bedding, Carpets, Mailing, Oil Cloth., "Wall Paper, Window Shades, Mouldings, Etc. Astoria Furniture Co., Dealers in Furniture, Bedding, Wall Paper, Mirrors, PICTURES, Moilii, Carpets, Mattii, Picture Frames, f Mow Sliafles, etc. Cor. Clicnamus and Hamilton Sts. II. Du BUISSON. Manager. vr Carnahan & Co. SUCCESSORS TO I. W. CASE, IMPORTERS AND WHOLESALE AND KRIAIL DKALSRS IN &ENERAL JEBCHAMSE bonier Chenamus'and Cass street. ASTORIA - - OREGON N&TICE. ' MILKJDEPOT, FRESH FKUl'lVS. Candy and Notions, Good Cigars ''and Tobacco, at C. X WIT-SOX'S BECOME AND SEE ME. WILL Cut Faster AND EASIER Than any o'h er axe made. Hundreds of woodmen tes tify lolls supe riority. It t;oes Deep anil 'eTer Stlcic. CARXAHAX & CO., Acents Astoria. Trice, $1.60. TuKASunr Dkpaktmext IT ) VICE. J- :.YG, ISS.7. J U. i. LlFK SAVINCS SKItV "Washington-. D. C. July OEALED PROPOSALS WILL UK 11E- O ceived at this ofllce unlll2 o'clock i. ai. of Thursday, the 13th dav of August, 1SS5. for the construction of a" frame cottage at the Shoalwatcr Bay Life-Saving Station, near the light-house. Each bid must be ac companied by a certified check for one hun dred dollars ($100) drawn to the order of the Secretary of thcTreasury,as security that the bidder will enter into contract without de lay, and give such bonds for the faithful per formance thereof as niay be required it his bid be accepted. Specifications and plans, forms of proposals and full Information can be obtained of the Collector of Customs. As toria, Oregon ; the Keeper of the Shoahvatcr Bay Life-saving Station. North Cove, Pac'iiltf county, "Washington territory ; and the Su perintendent of the 12th Life-Saving Dist rict, room 23. Appraiser's buUding, San Francisco, California. All proposals must be endorsed, "Proposals for constructing a cot tage at Shoahvatcr Kay Life-Saving Sta tion." and addressed U.S. Life-Saving Ser vice, Washington, D. C. The right to reject any or all bids, or to waive defects. Is re served. S..T.KIMBALI. General Superintendent. Notice of Assignment. N NOTICE IS HEREBY GIVEN TO ALL whom It mav concern that the under signed has been appointed assigneo of the estate of M. D. Kant, an insolvent : and all persons having claims against said insolvent, are requested to present the same to tho as signee properly verified at his office In the Occident llotei in the cltv of Astoria, Clat sop county, state of Oregon, within three montlis from this date. CHA3 S. WRIGHT. Astoria, August Cth, 1885. For Rent. THE nALL OVER D.L.BEOK& SON'S can be rented for Public gatherings. Application may be made to the executive committee of the Astoria Ladles ' Coffee Club. Mits. BERGMAN. Mrs. PRAEL. Mbs. CHARTER?. For Sale. A GOOD DWELLING nOUSE AND LOT for sale. Beautifully located.. Apply at Astorian office. fpUPIEK AXE. FATOOTDAC3.aO.8Si. J.C.Trullinger to the Front re MARKETS. WYATT & THOMPSON. DEALERS IN FRESH AND CURED MEATS, CHOICE GROCERIES, PROVISIONS., Crockery and Glassware. 3&:I,1L1 2?cL ZEJto, STAR MARKET. WHERRY & COMPANY, Fresh and Cured Meats, VegetalDlos, FRUITS, BUTTER, and EGGS. Ol'POSITR OCCIDENT HOTEL.. CH r:A3IUy Street. Astoria, Of. Washington Market. .Main street, - Astoria, Oregon. KKIM.MAX & CO.PKOPItlETOKS RESPECTFULLY CALL THE ATTEN tion or the public to tho fact that the above Market will ahvajs be supplied with a FULL VARIETY AND BEST QUALITY OF FRESH A?iD CURED MEATS ! ! Which will be sold at lowest rates, whole sale and retail. CSSpccIal attention given to supplying 31IIJI3. ASTORIA IRON WORKS, Benton Stkkbt, Near; Pakkei: House, ASTORIA, - OREGON. GENERAL MACHINISTS AND BOILER MAKERS. LANDaiMARffiENGIHES BoilerWork, Steamboat Work and Cannery Work a spe cialty. OTall Descriptions made to Order at Short A'otlrc. A. J). "Wass, President. J. O. HusTLKK.Secretary, I. W. Case, Treasurer, .loux Fox.Suporintendent. M. R. KIPP, PLUMBER AND GAS FITTER. Water Pipes a Specialty. A Full Stock of Material on Hand. Personal attention given all orders, and satisfaction guaranteed. Terms Reasonable. Shop and office on Cass street, one door above Frank Fabre's Restaurant, Astoria, Oregon. From and After mr S ss GOODS WILL BE SOLD Eto? FRANK L. OEHRK IN lay, Oats, and Straw, Line.. Brie!:, Cement, Sanil i Plaster Wood DeliTCred to Order. Rrayin;. Teaming and Kpres Rnslncss. Lr . TER apjdy to Hie Captain, or to ximr-m- A FTILI. STOCK JOrBTHKT -A.- 3& 0 THE NEW DKAL.EU I Tin, Sheet Iron, ami Copper Ware. A general assortment of Household Goods. arent ron 3IAEE STOVES AJH KAKE5, TIIE IKISSTfS TIXI2IHAKKET. Plumbing goods of all kinds en hand. Job ik don 3 In a workmanlike manner. Plumbing, Gas Fitting and Cannery Work attended to promptly . OnRezsorableTcini'. Clicnnmus Street, IVext to C I. Pnrkcr'n Store, Aistoiia, Oregon. County Treasurer's Notice. milF.RE IS MONEY IN THE COUNTY i Treasury to pay all county ordeis pre sented prior to January Jst, I8S4. All Mich orders will cease-to craw Interest after this date. ISAAC BERGMAN. Treasurer Clatsop County. Astoria. Or, July 24th. 1S35. . , LIVERPOOL TO PORTLAUD! BRITISH BARK ?v irtii oi jjuruui;!!. We shall nlace this fine iron bark on the berth at Liverpool for August loading. Portland or Astoria shippers can obtain full particulars as to freight and Insurance rates by applying to MEYER. VTLSON & CO., Portland, or to WILSON. MEYER & CO., 15 Brunswick st., Liverpool. G.A. STINSON & CO., 8LACKSM1THING. At ('apt. Itogers old stand, comer of CiiS and Court Streets. Ship and Cannery work. HoiveshoehiE. Wagons made and repaired. Good work guaranteed. LOEB & 00. JOBBERS IN WINES, LIQUORS, AND CIGARS. AGENTS FOR THE Best San Francisco Houses and Eastern Distilleries. Tumblers Decanters, and Ail Kinds of Saloon Supplies. CSyA!l goods sold at San Francisco Juices. JIAIN STREET. Opposite Parker House. Astoria, Oregon. Notice. NOTICE IS HEREBY GIVEN TO THE Stockholders ot the White Star Pack Ins Company, that ihc annual meeting of said company will be held at the company's ofllce in Upper Astoria. Clatsop couuty. Or egon, on fcaumlay the 22nd day of August. 1S35, at 9 o'clock in tho forenoon, for tha pur pose of electing a board of directors :or the ensuing year, and transacting such ether business :is may legaly come before the meeting. OLUF W. PEDERSEN. President. Attest : A. T. BRAKKE. Secretary. Upper Astoria, August 7th, 1SS5. Stockholders Meeting. NOTICE IS HEREBY GIVEN THAT there will be a meeting of tho stock holders of the Odd Fellows Land and Build ing association In the lodge room of Beaver Lodce No. 33. 1. 0. 0. F.. on Mondav. Auirast 2h, 1SS3. at two r. jr. A full attendance Is requested. A.J.MEGLER, Secretary. Astoria, Oregon, July 22, 1S33. iwavA :?srs PARKER. "" ' "'TTa'T wimm-v-mm ,... . . ? MU I'iiRRER cbtii P, Pat kcr.M aster. ForTOWINC, FREIGHT nr ('II Alt 11. SS. PAieZlS.K. iPt jimrwiP.i UAN'GE CAN RE HAD IN A TOIUA ONLY OF 1, BAWB8 AGENT ALL AND EXAMINE IT, -WJLI. RE PLEASE! IL U. HAWKS Is also agent Iw t - Back ptei (Minn Slor And other first-class 3j37es. Furnace "Wort. Stoazn Fit tings, etc., a specialty- ALWAYS ON HAND. 3ST 1? Gr O 3ME 33 "3T, Harfiwsre ai Slip Clailerj VAH DUSEK & 00.. DEAL.KU3IK Hardware and Ship Chandlery Pure Oil, Bright Varnish, Biiuicle Oil, Cotton Canvas. Hemp Sail Twine, Cotton Sail Twine, Lard Oil, Wrought Iron Spikes, Galvanized Cut Nails, Agricultural Implements Saving Mucliiiics, Faints ami Oils, Groceries, clc. Sol M Jewelry, Scarf Pins, Chains, f atclies, Pianos and Orjns of the Best maltc at Hie Howes t Trices. The finest stock of Jewelry In Astoria. r5?"Al! goods warranted as represented. GUSTAV HANSEN, JEWELER FOE REST. Four Rooms. Centrally Located AND SUITABLE FOR HOUSEKEEPING. APPLY AT ASTORIAN OFFICE. Abstracts of Title. riHIE UNDERSIGNED nAS COMPILED X a set of Abstract Books from the records of Clatsop County and Is now prepared to furnish complete and correct Abstracts of Title to any Real Estate In the County, at reasonable rates. O.K. THOMSON, Attorney at Law. Astoria. Oregon. Office, Koom 5, over Sity Book Store. B. B. Franklin, SQUEMOQUA STREET, NEXT TO THE ASTORIAN BUILDING. y-All work done In a skillful manner on short notice at reasonable rates. " WWrm MODEL Mertaier anO CaMnet Mater, W