Rensselaer Republican, Volume 18, Number 3, Rensselaer, Jasper County, 24 September 1885 — GENERAL. [ARTICLE]

GENERAL.

The Panama Star and Herald announces that the first section of the Panama Canal will be opened next month. This section is six miles long, and covers but one-eighth of the distance which it is necessary to build in order to complete copimunication between the two seas. It has cost $90,000,000, ‘and has not been beset with the great difficulties that will be encountered in the construction of the remainder... .The Society of the Army of the Cumberland held its seventeenth annual reunion in Grand Eapids, Mich. There were about 500 members of the society in attendance, among them most of the officers, including General P, H. Sheridan, the President of the society; General Cist, the Secretary; General Fulton, the Treasurer; ■ General Muzzy, who will delivered the oration; General Morgan, General Poe, General Barnett, Colonel Shoemaker, General Innes, Colonel Fox?, General Cutcheon, General Henry Stone, General Pierce, and General S wayne. Arr the convention of the National Tanners and Hide and Leather Dealers’ Association in Chicago, resolutions were passed favoring the creation of a National ltiilroad Commission, and the passage by Congress of a bankrupt law. The. convention adjourned to meet at Boston on the first Wednesday of September, 1886.... Gen. Sheridan was eleote4 President of the Society of the Army of the Cumberland, in a session at Grand Kapids, Michigan. The next meeting will be held at Washington. The ninth annual reunion of the Army of West Virginia was held at Portsmouth, Ohio, Gen. R. B. Hayes presiding. ~. .Three men living at South Lancaster, Ontario, were shipwrecked on Lake St. Francis by the capsizing of their yacht. Two of them died from exposure and the other floated ashore on the bottom of the overturned boat in such an exhausted condition that his life is despaired 0f.... The Cincinnati Price Current places the corn crop of the country this year at 1,990,000,000 bushels, 195,000,000 in excess of last year’s yield.

Business failures throughout the country for the week aggregated 178 for the United States and Canada, as against 203 for the week previous and 165 for the week before that. Bradstreet’s says ‘ ‘no gain in the recently reported improvement in trade circles is reported by the special telegrams. In most directions the full measure of the movement is maintained; that is all. From Western centers comes the word that the interior purchases are as heavy as previously. At Detroit it is reported that losses sustained in-the first half* of the year’s trade in dry goods have been made good already by increased sales. It is noticeable, however, that at no important trade center East or West have discount rates or call-loan rates advanced. There has been a noteworthy gain in the employment of surplus funds, but bankers appear thus far to have been anxious to employ their idle capital at the lowest rates. This, together with the continued indisposition on the part of railway managers to cease ratecutting, with the somewhat squally railway tariff outlook among the granger lines, and with the heaviness of wheat and anthracite coal, and the average of business failures from week to week, constitute the salient features of the trade situation. Iron is slightly firmer, and in belter demand. Prices are unchanged. There is no prospect of any b00m.”.... Silver medils will be bestowed by the Canadian Government on troops engaged in suppressing the Northwestern rebellion. Information has been received at Washington of a revolution in progress in Guatemala. A state of siege has been declared, and it is thought the insurrection will be put down... .Louis Biel has been hanged in effigy by volunteers in camp at MillstjOWD, Ontario. A movement has been started looking to the impeachment of Richardson, Stipendiary Magistrate at Regina, for alleged unfairness in Kiel’s trial.... It is stated that the aggregate exportation of Indian com and corn meal since the beginning of our commerce does not equal the corn product of the United States for this year .The Mexican National Railway Company.is negotiating a loan of $30,000,000 in London, the security offered being the Sanchez land grant... .White Cap, the Sioux chief who participated in the Riel rebellion, was acquitted of the charge of treason-fSlony.