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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