Democratic Sentinel, Volume 9, Number 43, Rensselaer, Jasper County, 27 November 1885 — NEWS CONDENSED. [ARTICLE]

NEWS CONDENSED.

■i Concise Record of the Week. EASTERN. A Pittsburgh company announces an improvement by which Beeseiner steel can be made equal in quality to crucible steel at onetenth the price. The process is one of uniform carbonization of the spiegel and molten iron in the ladle. The IJon. Henry W. Sage has given to Cornell University $60,000 to endow a professorship of ethics and moral philosophy, in memory of his deceased wife. At a meeting of representatives of the Miners’ Amalgamated Association of Schuylkill County, Pa., the proceedings show that no strike is intended, though it was resolved to oppose any further reduction in the price of labor, and not to work more than ten hours a day.

William Heath, the well-known New York broker who recently failed, was arrested in that city on G. P. Morosini’s suit to recover $460,000. The bail required was sso,ooo,which Mr. Heath could not furnish, and he was taken to Ludlow Street JaiL He was much affected by the disgrace. Harriman won in the seventy-five-hour walking contest at Auburn, N. Y., making 304 miles. The surplus in the New York banks is on the increase. It now amounts to $27,W 9,263. The total exports of specie from New York during the last week were $402,050. The imports during the week were $2,811,542.

Bev. Henry Ward Beecher, in a sermon to the memory of H. B. Claflin, stated that the dead merchant left $1,000,000 to private charities. The imports of general merchandise at New York during the week were valued at $5,734,705, and the imports of dry goods at $1,241,107. Robert Garrett has signed a contract for ninety-nine years with the Staten Island Rapid Transit Company, by which the Baltimore aiftl Ohio Road can reach the port of St. George and transfer its passengers and freight to the Battery in New York by steamers. A bridge six hundred feet long, to cost s3lK>,ooo, will bo built at Elizabeth. The arrangement is to be in operation by Juno next.