Democratic Sentinel, Volume 12, Number 13, Rensselaer, Jasper County, 20 April 1888 — THE WORLD AT LARGE. [ARTICLE]

THE WORLD AT LARGE.

The Illinois Central Railroad Company has just borrowed $15,000,000 with which to complete and equip its branch linos. The suspension of the American Exchange in Europe, limited, is reported. William C. Boone, the treasurer of the company, was appointed receiver by Judge LaCombe of the United States Circuit Court of New York. The liabilities are about $4,000,000. The company was formed in 1880 under the English limited liability law with an authorized capital of $5,000,000, of which $780,000 was paid in, and succeeded to the business of H. F. Gillig & Co., which had been established in 1873, paying $300,000 in stock for the purchase. Henry F. Gillig remained as vice president and manager, the Hon. Joseph R. Hawley being the president. Dun & Co., of New York, in their last monthly review of the business outlook, say: If dullness in trade were always a bad sign, the present outlook could not be called hopeful. At only one or two interior points is the actual business transacted satisfactory in volume ; and nearly all report comparative inactivity in the present, w’ith hopeful anticipations, though at several jioints a considerable slackening of trade is now noticeable. Money has become tight at some Western and Southern points, the complaints of poor collections being much more frequent. The Government report, showing injury to wheat, was the occasion of a sharp advance in breadstuffs, and wheat is still two cents higher, though it has lost part of the gain, and corn gfuns also, but oats closed no higher than a week ago.

Numerous fires are reported in different parts of the country. At Boston a building in Fort Hid Square was burned, and six firemen were badly injured by an explosion. At Depere, Wis., a number of buildings burned, with a loss of about $75,000. At Wheeling, West Virginia, several stores were burned; loss, $50,000. At Clinton, lowa, a brewery was destroyed; loss, SIO,OOO. At New York a steamship took fire at her dock; loss, SIOO,000. At Ann Arbor, Mich., several business places burned; loss, $40,000. At Florida, N. Y., two dwellings burn ed, and a woman and her baby perished in the flames. At Warsaw, N. Y., Robert Van Brunt was hanged for tho murder of William Roy, Oct. 6, 1886: at Fergus Falls, Minn., Nels Olson Holong was hanged for the murder of Lilly Field, May 28, 1887; and at Willisville, Texas, Chillers Banks, a colored man, was hanged for the murder of a negro woman.