1889-08-03 — Page 2

Intimations.

DAKIN'S

SPARKLING AERATED

WATERS

ARE UNSURPASSED.

IAL TERMS TO LARGE BUYERS.

SPECIAL

COAST ORDERS PROMPTLY ATTENDED TO.

No Extra Charge for Packing, DAKIN BROS. OF CHINA,

LIMITED, CHEMISTS,

HONGKONG.

(Telephone No. 60.)

Hongkong. 23rd July, 1889.

THE HONGKONG TELEGRAPH, SATURDAY, AUGUST 3347889.

2

WR are informed by the agents (Messrs. D. Sassoon, Sons & Co.) that the steamer Japan, with mails from Calcutta, left Singapore for this port to day, and may he expected on or about

the roth inst.

A NOVEL cricket match was played at the Military Lines at Penang, last month, between | eleven ladies and eleven gentlemen. The gentle mer plaved ith, broomsticks, left-handed, but won.easily..

about 12.30.

}

A TELEGRAM was received this morning by the China Borneo Company stating that the inst season's tobacco crop from the Burkoka Estate, hitish North Borneo, has been sold at 25. 3d per hall kilo, or $100 per picul. Another lot from Baron von Stein's Estate was valued at ar dd. per half kilo, or $110 per pleul, and may realize more at the public tobacco sales to be held on the 6h Sept. The telegram adds that "the Bornen product was well thought of by the market." This le extremely satisfactory, as it demonstrates without doubt that the Company's product is very valuable, for even $70 per picul pays handsomely.

to.

Captain Lefavour seconded and it was agreed

The Chairman proposed the re-election of Messrs. O'Gourdin and Henderson as anditors.

Mr. Ismail seconded. Agreed.

The Chairman I can only say that even now, at this late period, I shall be happy to hear any thing that may be said by the shareholders with regard to the prospects or management of th Company but I think there is little fault to be found with the report. It is one that every shareholder ought to be satisfied with. The dividend warrants, I may mention, will be issued on Tursday next,

Mr. Sin Asin asked what sum of money would have been saved if the Company had not paid any insurance money since it started..

The Chairman-That is a very difficult ques- tion to answer. We might have saved nothing. Mr. Sin-How much have you paid? Some- thing like thirty thousand dollars, isn't it?

The Chairman :-Something like that. But what might we not have, lost? It is purely a

The Secretary (Mr. Arnold) said that the Insurance was 41 per cent. on the iron ships and 5 per cents on the wooden ones.

THE agents (Mesars. Melchers & Co.) inform us that the Norddeutscher Lloyd's steamship Preussen, with the German mails, dated Reillo 9th July, left Singapore for this port to-day at norin. She is expected here on Wednesday MR. T. W. BROWN, the representative of the syndicate' which has purchased Raub, is now night, the 7th inst.

arranging to return to Australia via Hongkong. TO-MORROW morning between 9 and 10.30 and for that purpose he will leave by the Ganges o'clock the steam-launch carrying the Bethel probably on Wednesday of next week) Mr. flag will call alongside any vessel hoisting code

Brown has been much liked during his stay pennant C. to convey men ashore to here, and alike for his interests and those of the Hervice at St. Peter's Seamen's Church, returning Peninsula, we are glad to believe that Raub is likely to become a considerable gold-yielding MESSES. Adamson, Bell & Co., agents for the district. The results achieved from the speci-game of chance. A. S. WATSON & CO., LD. Canadian-Pacific Line, inform us that the steam mens of quartz brought down have been, as we ship Port Fairy, from Vancouver, arrived at all know, very remarkable, and before any Vi kohama on the 1st inst, and left for this port, considerable operations need be commenced, vin Nagasaki, yesterday. The tea ex Abyssinia the way to Raub will be opened by a good cart road fom Kuala Lumpur, while before these was delivered in New York on the gist uko. AN inqurst was held this morning by Mr.perations can assume any magnitude the OUR AERATED WATER MANUFACTORY. We 'chouse touching the death of the coolie at Selangor railway will be advanced about twenty

miles further-Straits Times. the Taikoo Sugar Refinery, Evidence was given that his queue was caught in the machinery, and MR. CHESNEY DUNCAN, late of the Royal Corean not be good policy.

Customs Service and at one time an occasional contributor to this journal, has a new book in the press entitled Corca and the, Powers," which will shortly be published. The new work deals will the whole Far Eastern Question and expones iussia's designs in Eastern Asia. The subjects specially dwelt upon include:

1. Generals Ignatieff and Soboleff and their

ESTABLISHED A.D. 1841. MANUFACTURERS OF AERATED WATERS.

is replete with the best Machinery, embodying all the latest improvements in the trade.

The greatest attention has been paid to appli- aces for ensuring purity in the Water supply, to secure which we have added a Condenser cap- Able of supplying us with 3,000 gallons of distilled water a day, and are now in a position to compete in quality with the best English Makers. Our

ba Sweet Waters cannot surpassed anywhere.

The purest ingredients only are used, and the utmost care and cleanliness are exercised in the manufacture throughout.

FOR COAST. PORTA, Waters are packed and placed on board ship at Hongkong prices, and thefull amount allowed for Packages and Empties when received in good order.

Counterfoil Order Books supplied on applica.

tion.

COAST PORT ORDERS. whenever practicable, are despatched by first steamer leaving aker receipt of order.

Our Registered Telegraphic Address is, "DISPENSARY, HONGKONG," And all signed messages addressed thus

will receive prompt attention.. The following is a List of Waters niways kept ready in Stock.-- PURE AERATED, WATER

SODA WATER

LEMONADE

POTASH WATER

LITHIA WATER

SELTZER WATER

SARSAPARILLA WATER

TONIC WATER

GINGER ALE

GINGERADE.

No Credit given far bottles that are dirty, or greasy, or that appear to has been used for any other purpose than that of Containing Aerated Water, as such bottles are never used

■gain by us,

WATSON'S

PURE FRUIT CORDIALS. Prepared from the Juice of the finest selected Fresh Ripe Fruit.

Raspberry Strawberry, Damson

Black Currant Red Currant Orleans Plum

Pine Apple Morella Cherry Lime Frait, &c. A table-spoonful (more or less according to taste) added to a tumbler of plain or aerated water forms a delicious beverage. The addition of Wines or Spirits produce excellent and piquant Price, 75 Cents per Bottle, or $7.50 per dozen

results.

Case Assorted,

RASPBERRY SYRUP STRAWBERRY SYRUP RASPBERRY VINEGAR

Price,

$1 per

Bottle. For imparting a delicious flavour to AERATED WATER 5, SUMMER DRINKS, &c., &c. Sole Agents for Hongkong and China for MONTEERKAT LIME FRUIT JUICE CORDIALS.

A. S. WATSON & Co., LTD., Hongkong China, and Manila.

BIRTH.

יד

On the 3rd instant, at 7.25 p.m., at No. 8, Pedders' Hill, the wife of E. J. OBADAYA, of a [987 MARRIAGE.

BOTE.

At Trinity Cathedral, Shanghai, on the 27th July, by the Rev. H. C. Hodges, M.A., JOHN'S. KNOWLES, to BLANCHE, second daughter of the late Gustave Brunet, Melbourne.

DEATH.

At Shanghai, on the 24th July, Louis, aged 12, the son of Dr. L. S. Lille, from concussion from a fall.

The Hongkong Celegrap!

he was dragged 'up to the shaft and torn to nieces. A finding of "accidental death" was

recorded:

H.M. Suirs Imperieuse. Leander, Cordelia, Porpoise. Hyacinth. Wanderer, and Swift left Yokohama on the 22nd ulto. fer Hakodate and the North. They will return to Yokohama about September 1st. The Conquest and Alacrity remained at Yokohama until the 25th and then joined the Aet at Hakodate...

Accornisa in the Japan Herald, the number of Englishmen from Shanghai, Hongkong, India, etc., who applied for passports for travelling in the interior of Japan through the hands of the British Legation last year was about 1,600. The number is expected to be larger this year, as up to the 15th ult. over 1,000 applications have been forwarded through the Legation.

THE Singapore Free Press says that three Chinamen went from Fulau Tekong to Ayer Samah last week to cut timber. They had no snorer landed than one of them was knocked down by a tiger which came from out of the jungle. The other twa Chinamen took to their heels and informed their towkay. A party of about forty wax faimed and after searching the jungle, the conlie's borly was found. The only wounds were a deep gash in the neck and one in the s de bearing the marks of the tiger's claws. AT the Police Court this morning Mr. Pollock had before him Wang Hang. who keeps n shop at 21. Ouren's Rand East, on a charge of selling intoxicating liquors without a license.. Evidence was given that the shop had been mit "out of Hounds" by Major Chater in June, and that on Thursday two constables, dressed as soldiers, were supplied with a battle of cheap whisky thefendant, who was pretty high-toned, was fined $50. Mr. Wilkinson afterwards appeared for him, and asked that the case might be re- heard, but Mr. Pollock refused, telling him that he had a right to appeal..

utterances.

2.-Corea's solicitations for a Russian Protec

torate,"

3.England and Russia in Asia.

Violation of the Russo-Corean Frontier. Why Great Britain gave up Port Hamilton. Judge Denny's policy in Corea. 7-The Trans-Siberian Railway and its inevi-

table results. 8.-The re-conquest of the Amoor region. 9-The menacing attitude of Russia. 10. The importance of the questions at issue toall who have commercial interests at stake, in the event of a sudden outbreak of War. Mr. Duncan is an entertaining writer, and his lengthy xperiences in China and Corea entitle him to deal with the above subjects with more than eidinary authority. Applications for copies of "Ceres and the Powers" should be made through. Kelly & Walsh, Ld., or to the office of the Shanghai Mercury.

THE HONGKONG, CANTON AND MACAO STEAM-BOAT COM-

PANY, LIMITED.

The half-yearly meeting of the shareholders of this Company was held this afternoon at the offices, Bank Buildings. The Han, 1. Ryrie presided and there were present Messrs. E. R. Belilios, F. A. Gomes, L

Pong, Porsterker, Poon

and Lee Sing (directors) D. McCulloch, C. A. Ozorio, F. Henderson, F. Hodwell, A. Yockney, G. B. Lefavour, A. R. E. da Silva, A. Soares, H. Ismail, and eleven Chinese.

.

The notoriety of the Rope Corner case, and with it a dor appreciation of the merits of the

The Chairman asked that the report be taken Principals in that business bas spread far. The

as read, because when there was a good report Japan Herald, commenting upon the case,

the fewer words that were said the better. He says: "We learn, with some regret, that an. other of the celebrated share cases in Hongkong was quite sure that they would all be satisfied with that report, which shewed that the Company has been compromised for less than half the sum demanded, Evidently the plaintiffs in the in which they were shareholderi was a pros various actions are getting frightened of the perous one; as he sincerely hoped it would continue. He believed that it would, for the law, Viewed from a public point of view the compromise is, however, matter for regret, as colony was growing, commerce was increasing, there is evidently room for a good deal more and the earnings of the beats correspondingly would trceive would, he believed, be the highest light to be let into these transactions, and the increased. The dividend and bonus which they principals must be rather appailed at the storm

the Company had yet paid. It was, of course, nf opprobrium they have bought about them, and which is echoed from Shanghai, from Japan. question whether high dividends' at onc and in fact from wherever the news penetrates." tine and lesser dividends at another were quite

satisfactory to the shareholders, but his im SAYS the Japan Mail:-The danger of an influxpression was that they would strive to declare of Chinese into Japan in the event of the treaties ha f yearly dividends as equally as possible. As being revised on the now generally sccepted they knew, they had a fund for the purpose, hasi, which is bring discussed in Japan, appears but circumstances might arise which would to us chimerical. There is not in that country awerp it away. He did not wish to appear the death of cheas, labour which exists in

fearful of bad times-he felt quite the America, Austraŝin, and for a different reason in

reverse-and he thought that dividends such as Dreço, the Malay Peninsula, and o her Malay they had been paying for years past were most counties. The jpanese labourer is as clever creditable to the Company, to the working of and, on the whole, as industrious as the Chinese the steamers, and to trade generally. They and bring in his own country all, the circum-woud see that the directors had ordered i Stances are in his favour. We cannot see that new steamer, and they had every hope that there is any room for Chinese cheap, labour in that she would carry out the expectations of the Japan. Apast altogether from this considera board and of the builders. She would be a great tion, it does not serin clear that the rountry will accession to the Macao line, and wou'd take be opened as of right to Chinese as to other visitors over to that pleasant resort in very much foreigners under the new treaties, although there shorter time, and would doubtless make a good is no rea on why Japan should not trest China trade for herself. She was to be finished in in this respect as she is treated by all other November. He bad next to deal with a countries.

very important part of the report that with regard to the insurance of the steamers, He might tell them at once that he was decidedly opposed to the abandonment of the present system. It was bad business, from a commercial point of view, for a Company with a small fleet like theirs to be their own insurers. If they had twenty or thirty vessels of their own he would favor it, but their fleet at present was too small. Besides, with one or two exceptions, their vessels had cost a great deal of money and if they lost one or two of them it was quite possible that the shareholders' interests would be very severely damaged, It was not only the loss of the steamer, which was built for special purposes, they had to look at, but also what would be the loss in the meantime. By insurance they protected them- seives against the larger portion of the risk. It was not only the dollars that they got from the insurance company, but what they lost in other ways. Possibly that point of view his opinion they ought to goon as they had done bad not struck any of them before. heretofore, taking as per cent, of the risk them- A CORRISPONDENT writer from Amoy to the selves and insuring the rest with the London and NC. Dally News under date the 33rd ulta.) local offices as the directors might decide. To It is currently reported that a well-known mem-be, entirely their own insurers was bad. He Mr. Belilíos) who her of this community is negotiating with expected that a friend Governor Liu of Formosa to obtain a concession was going to bring forward a motion, for twenty years to work the Kelung coal mines; and who felt strongly on the subject, might have Under the bad management of Chang Taotni something to say, and it might be made out that the mines have not paid expenses, so the during the years past the Company had paid a very large sum to Insurance companies. Dat Governor is only too willing to get rid of this while elephant, but it is not in his power to that Company did not stand by itself in that grant a concession to foreign capitalists without respect. There were many private merchants reference to Peking, where the conservative who had done the same. It was so far fortunate authorities may foolishly put a spoice into for them and the insurance companies that they this, wheel of progress. The situation of had had no heavy claims. That, he presumed, the mines is good, and under able manage had been the experience of many firms in China, meat they might be made to yield good or otherwise insurance companies would not be, dividend, About $170,000 is said to have been the prosperous concerns they were. He would sunk in plant. Only two shafts are in working leave that subject, however, and merely propose order, and put out about 10 tons a day. Another that the report and accounts be adopted. shaft is being bored; and it is estimated that yoo tons a day could be got out under good management. A party of promoters has just returned from visiting Kelung-Wo hear that Chang Tactai has been made director of the railway in course of construction from Twatulis, to Kelung. Having been so successful with the mines, the Governor appears to think be is the best man to try his prentice hand in making the railways a financial and engineering success. The result will probably be the same as at Coal Harbour-complete failure.

THE Singapore Frez Prass of the 26th ulto, records a daring robbery, it says Last evening a South Sea Island trader engaged a tongkang to take some goods on board the steamship Nam Chow, and on arriving along side the vessel, the boatman deliberately snatched a bag which contained valuables to the amount of $3,000 from the trader's hands, and then made off. It appears that while ascending the side of the, vessel, the tongkong man offered to felleve the trader of the bag which he was carrying, and hefore he got a reply he snatched the bag away clambered over on the vessel's deck, and where he got to after that nobody seems to know There are about 300 coolics on board, and it is just a question whether the thief is not among them. The trader reported the matter, and investigations are being made, In the bag was a cheque for $2,000 upon the Mercantile Bank that at least can be of little use to the thief. The Ex-King Milan has returned to Belgrade, thief left his tongkang, which is believed to be ostensibly on privato affairs.

HONGKONG, Saturday, August 3, 1889.

TELEGRAMS.

PARLIAMENT.

LONDON, July 25th. The Scotch Local Government Bill has been

read the third time in the House of Commons,

+

SERVIA.

THE PARNELL COMMISSION.

July 26th. The commission is adjourned until the 24th October.

BOULANGISM ON THE DECLINE.

August 1st. General Boulanger has been completely defeated at the elections for the Councils General.

ENGLAND AND THE EASTERN QUESTION. Lord Salisbury, speaking at the Mansion House, stated that England will not abandon Egypt until that country is able to protect itself. With regard to foreign politics, the Premier disputed the contention that Enginɛd was un- concerned in the events passing ig Eastern Europe.

LOCAL AND GENERAL.. MONDAY next being a Bank Holiday, there will be no issue of the Hongkong Telegraph. THE Acting Chlef Justice this morning made an order in the suit cf Joseph and Frederichsv. Burtomy, giving the plaintiffs leave to with- draw the suit on payment of the defendant's

his sole property.

to.

题

Me, Yu Sul Wan seconded, and it was agreed

***Mr. Yu asked if the Insurance at present affected concerned the cargo ?

The Chairman replied that it only referred to the steamers.

Mr. Dodwell moved that the election of Messes. L. Focanecker, Lee Sing, and Foon Pong, be confirmed.

Mr. Yu seconded and was agreed to

Mr. Henderson proposed that Mr. Ryrie and Ms, Gomés be re-élested directores

Mr. Poesnecker endorsed what the Chairman had said. If they had a fleet of twenty or thirty steamers it would be possible to insure them. themselves, but with a few coasting steamers they were not in a position to do so. It would

Mr. Sin1 have listened with some atten- tion to the remarks on the question, by the Chairman, and however impressive his speech may have been from an oratorical point of view, I cannot agree with him in tie has expressed. The the opinions

becn so remarkable present century has for the many changes and improvements in every institution that I venture to think that some remarkable reterm should be made in our Ginancial affairs, in conformity with the position in which are placed. I think the time has come when we should make a change, and in advocat ing a change, I would proceed to give you some reasons. The periodical docking and thorough repair of our steamers, under the requirements of the local Ordin inre places them in the list of first class ricke, and gives us a thorough insight into the co dilion, so that if we were to under: write them we should be running much less risk than the owners of sea-going vessels, because they are not subject to an overhaul of this nature.

It is a universal custom among shipping companies to under-write their own vessels, and with the large capital which we command, I maintain that we are in a better financial position to run the risk of under writing our

|

|

The Standard, commenting on the resolutions

compared with that of an ocean-going Company adopted by the shareholders of the Delagoa Bay the losses on a river are notoriously few, and we claim that the fleet which we possess is parti-Railway Company yesterday, blames them for cularly high class. We also have good com their imprudence. It urges that it would be manders and crews. With these advantages it weless to force Portugal to fulfill her concession but thinks Portugal should to the Burely is a great argument in favor of the motion.

company The Secretary have handed him a paper, and merely be compelled to return to the company pointed out several items.

money it has expended and pay an indemnity for the damage it has caused. It says Lisbon must be blockaded, if necessary, to obinin justice. The Times is in favor of forcing Portugal to fulfill her concession.

The Chairman :—You are a partner in 'n very. important firm in China, and if you were to put your insurance down and compare it with your claims you would find you were very much to the good.

the

The report received by the Chronicle (tom Durban, that the Portuguese decree canceling the concession has been rescinded, is not con- firmed.

At the Cabinet council today it,wna decided send additional warshipi fu Delagan bay, Lage quantities of gold coin "from 'South America are passing through Antwerp for Russia and Austria, as in the Franco-German war.

Mr. Dodwell:-We are not discussing my standing as a member of any firm, but the good of the Company. What I would point out to the shareholders is that since the formation of the Company, according to the Secretary's figures.to we have paid $623,000 in premin, and have claimed $87,000, leaving a difference of $536,000. That seems to me to surely represent, pretty nearly the value of our fleet at the present day. But there seems to me another point, which ought to be dwell upon. We have a Deprecia. tion and Insurance fund nmounting to $235,000. What is that for? Can you tell us, Mr. Chair man?

The Chairman:-To get additions to the fleet. We are going to pay that, away for the new steamer.

F

Mr. Dodwell:What about the new capital that is being raised ? Are you going to utilise that, or leave it in the safe?

The Chairman I may tell you that a great proportion of it has been invested at good raies of interest, and arrangentents are going on most favorably to get the rest invested before long.

Mr. Dodwell In the face of these figures, in spite of the Chairman's speech, I think we may very fairly bubi to the proposition.

The Chairman supported the amendment. He thought it was a very proper one, and one to be thought out. The change should be gradual, and when they had accummulated the funds they would be in a position to say "Now we can stand to lose." Thus they would not plunge into the risk of a serious loss,

Mr. Dodwell;-1 would rejoin that we cannot be plunging, according to the figures for the past 25 years. It desperate plunge as you suggest, for if it had been done 25 years ago we should not have sustained any very serious loss, and 'we should have saved an enormous amount. What has been the Company's experience during that time? Your own figures show that except for the loss of one steamer, which is nothing to speak of, we have only drawn on. petty claims like $2000 and $3,000-nothing which we could not reasonably have taken on ourselves. If we have not had a loss during 25 years may not we argue reasonably that during the next ten years we shall not have any serious loss? If so, Mr. Henderson's object will be met without our paying any more enormous premia. We are paying nearly five per cent, which is nearly as much as very many ocean sleamers, If we are to con. tinue insuring we must endeavor to do so cheaper. You point out the prosperous condition of the insurance companies. Surely it is no wonder, if they get these coormous premia from us to put in their pockets. As individuals we may be interested in other companies nearly every- in Hongkong has, his finger in many pies we are interested in insurance companies, and so on, but we must pul these considerations aside and deal with this matter from the point of view of this Company wi hout considering the well-being of any other which might benefit. ("Hear hear").

would not be such a

ont

Own steamers, because I am" informed that for every vessel afloat belonging to urwe have money in hand equal to the value oftwo or three. We have seen English companies start with about two millions of dollars and pros- per, and this, I think, justiñes us "in under. writing on our own accrunt. If we had done this when the Company was first started I think there would have been the swing of a large sum of money after taking off all the losses and damages sustained, and, even if we should give up the insurance now we should save about $30,000 a year, and after the course f six years the shareholders will have the gartification of finding another steamer paid for by the fund. Inced hardly mention that fires on board steamers are of rare occurrence, so that we have not much to apprehend from that direction.

The Chairman-We had one recently.. Mr. Sia:-Yes, but I said they were of rare occurrence. They may, of course, happen some- times. We have occasionally typlicons, too, raging on these shores, but we always get timely notice from the Observatory, and our steamers need never be overtaken by one, but will always have time to take shelter in the safest corner of the Harbor long before it comes If we were to make this change some accidents might happen which no human kill.could prevent, but I think we should take the con- fequences with manly fortitude, for I assure you that in the long run you will gain by the change. The waters which our steamers frequent are so well-known and easy of navigation that I Mr. Yu, moved and Mr. Ismail seconded am confident, if our captains continue to That the words "Four Thousand Shares" be do their duty honestly and carefully, a great eliminated from Article No, 20 of the present deal of our incomes hitherto expended on insur-Articles of Association, and that, in lieu thereof. ance, will be saved, in the future. Taking the there be inserted the words "Elght Thousand whole matter into your consideration, I think for Shares." the reasons given, you will agree that we should give insurance, therefore propose that it should be given up. (Hear hear)

The Chairman may say, in reply, that Mr. Sin rather exotiated on the fiue condi- tion of our steamers, and how well they are commanded, and all that, which I admit, but 1 may remind him that I have been the Chairman of an insurance company for many years, and our greatest losses have been on first-class risks. Then again he said that notice of an approaching gale was always carefully forwarded from the Observatory. He may not be aware that that is the subject of correspondence between the Chamber of Commerce and the Government, on account of the imperfectness of the notice given. With reference to the saving, as I said before our savings may ultimately be turned into heavy losses, otherwise why should you have the thousands of insurance offices in the world, if it were a matter of certainty? They never know when they may have to fork out ten times the amount of the premia. So I still continue my opposition to doing away with insurance on steamers.

Mr. Belilios beg to second Mr. Sin's motion.

The Chairman-Won't you say anything more ?

Mr. Belillos preferred not to,

Mr. Henderson ventured to suggest an amend ment. He thought It might be desirable for the Company to in time become the underwriters of their entire fleet, but as it was at present he was of the Chairman's opinion, that it would be a risky business. But it might be approached gradually, because it was a notorious fact that amateur underwriters were generally severely punished early in their career.

The Chairman ----Certainly,

Mr. Henderson suggested that instead of doing away with the insurance entirely it should be gradually reduced, and he proposed that the amount for which the steamers were at present under written in local and home offices be decreased at the rate of Bay, 15, 30, 30, and 35 per cent, extending over a period of eight years, until the Company because at length the only

underwriters.

Mr. Foesnecker seconded, The Chairman thought it would be wise to adopt that plan.

5

The Chairman then put the amendment, for which he, the mover, the seconder, and Mr. Ozorio voted. It was lost by large majority, who then carried the resolution when the Chairman put it, which he only did after some protests about it not being necessary under "Parliamentary procedure." The regular proceedings then terminated, and extraordi- nary meeting was held.

Mr. Poon Pang moved, and Mr. Dadwell seconded, the first resolutionThat the Cam pany may from time to time reduce its Capital.

It was carried.

That also was agreed to.

The Chairman announced that a meeting for the confirmation of these resolutions would be held a fortnight hence. The proceedings then terminated.

NAPLES, June 29th. While the Bersagliero Regiment was marching here 10-day a private named Borrel'o, in a fit of madness, fired upon his comrades, killing the Major of the regiment and wounding the Captain and others. The mad man was finally kilted with a revolver.

of

BRUSSELS. June 29th. King Leopold accompanied the Shat of Persia to Serning to day. The King met n delegation workmen, shook hands with them and said: "You work in your sphere and. I in mine. ~ All workers are members of the same family and should join hands. Tell your comrades my feelings are impled in Belgium's motto, ' Union Makes Strength."

NEW YORK, June 29th. Dr. Charles F. Stillman, the most prominent ybung physician in New York, has eloped with Miss Mabel Schjus, daughter of a millionaire of this city.

i

Stillman is a manied man, but he and his wife have not been living together for a long time. An effort was made to get a divorce by Stillman, but failed temporarily, though his wife was willing, Because of Stillman's attentions Misa Schaus was accused of immorality and disowned by her father, who insisted on a public betrothal before the divorce, which, of course, Stillenan would not allow. Then Schaua literally drove his daughter from the house and Stillman fol- lowed her to Cincinnati, and now they are together in this city.

Stillman says: "Neither the antagonism of society, nor of my blood relatives, nor loss of reputation, could possibly count with me when this girl, who had lost everything for my sake through the blundering brutality of her own father, was left friendless and penniles: upon the world. I have suffered losses, but I regret nothing. I have self-respect in a far greater degree than I would have had had 1 neglected ber to save my own interests."

“I have nothing against Mrs. Stillmajher conduct is above reproachand her nameabsolutely

unsullied,

"She isn truly good.woman, and the only issue 'between us is that of incompatibility, to which she will testify as cheerfully as I dd. Further than this I have nothing to say,"

BERLIN, June 29th. Count Kalnoky's expressing confidence in the intentions of the Servian regency has tended to allay, the alarm which the Emperor Franci Joseph's speech produced The cordial references of both to Bulgaria are regarded as an answer to the Crar's toast to the Prince of Montenegro, Italy and England on the question of recognizing The notesexchanged between Austria, Germany,

Prince Ferdinand, show that while there is no desire to press the matter no objection will be offered. Turkey's decision depends upon that of the other powers, but apart from Russia' opposition the recognition of Ferdinand can hardly become a fait accomplt while Prince Bismarck shows so little interest in Bulgaria's fate.

The Cologne Gazette, referring to Turkey's rejection of Russia's overtures for a convention to ensure Turkish neutrality in case of war, dwells on the expediency of Turkey joining the triple alliance, which it says is a further check ́·. on Russian ageressive schemes. The West Russian papers report that Russian troops along the German frontier are being strongly reinforced.

The National Zeitung, in an article headed "England and Her Rivals" reflects the feeling here on the fallure of the Egyptian conversion scherpe. It argues that since Russia is pushing her frontier ever eastward into Central Asia lhe security of the Suez Canal has become most important for England, who is less inclined than ever to evacuate Egypt (ar share her dominion there with any other power; therefore, all the materials are at band for a Franco-Russian NEWS BY THE AMERICAN MAIL. coalition against England, forcing her to become an informal member of the Central European Peace League;

ZANZIBAR, June zgth,

The Pacific Mail Co.'s steamer City of Rio de Janeiro, Capt. Wm. Ward, with the American. mail of the 8th ulto, arrived here late yesterday afternoon. We are indebted for the subjoined telegrams to our San Francisco exchanges →→

LONDON, June zgth,

The Valkyris, Irez, Yarana, and Marforis The met again to day in the Rothesay regatta Irez was first over the line in the reach to Mount

Stuart. The Palkyrie dropped behind all three of her competitors in the run across to Largs,

with spinnakers set

However, the Valkyris overbauled the others one by one and secured a fair lead from the Yarana, which previously had passed the Trea. A steady west wind prevalled. The Valkyrie won in actual time allowance.

}

No news, bas beca received from Stanley since the letter from Urari, and a missionary brings the information that the Germans latend destroy. ing Pangan! so soon as they have scattered some insurgents in the vicinity of Ragamogo. They desire to reopen trade and want the Indians back again,

The natives, however, refuse to have any dealings with them. Stringent efforts have ac cordingly been made by the Germans, who have been backed up by English representatives, to come to some arrangement with the people of Pangani, but they elected to fight, and refused to associate with the invaders in any way.

Bushiri has been lately in the Usaga country trying to raise tribes and has sent to Mafiti. It has just leaked out here that a compatiy or The people, however, do not know whether he is syndicate is being formed in London for the back yet. There is great scarcity of food along purpose of buying up the principal dry goods the Gogman coast line and Sefu, Tippoo Tib's interests in the chief American cities, "Full details { son, who has arrived here, had much difficulty in are not yet obtainable, and will not be probably feeding his people near the coast. He left his until the organization of the company is more ivory up the country, fearing to bring it down

From all that could be owing to the disturbed state of the district, nearly perfected, ascertained, the dry goods trade in America in a manner something similar to that in which the brewing business is being made tributary to English capitalists.

As is well known, the amount of money in England seeking investment in enterprises that promise even a small return that is reasonably sure is enormous. Many company schemes, some good and some bad, are being advertised and exploited in London and other English cities, Many of these schemes are American, either in conception or in the field of operation or both Many thousands of pounds of English capital. are being put into companies which have less promise of profit than has this one which is being formed to control the American dry goods trade, It could not be learned certainly whether the company will be organized on the close corpora tion plan or whether stock subscription books will be opened. In either event it is reported that the amount of money put into the enterprise

Mr. Henderson continued that the fact of the Company having the large capital it had was no reason why they should under-will not be less than £10,000,000. take the underwriting account.

Mr. Dodwell asked if the Chairman could afford the least information of the losses, that bad been sustained since the formation of the Company,

The Chairman handed him a list, observing that it was not a guide.

"Peters has landed at Kivino, to the north of Lainoor, and his vessel has been seized by the. Britisk Admiral, and is now confiscated by Admiral Tycourt as a prize. Notice has been posted up at the British Agency calling upon any interested parties to assert their claim within twenty days. Lindi is very unsettled, and fugitives say that the Arabs threaten to kill all British the British Indians if either a German or kpy Grew a single shot.

Ali, who is reported to be an intelligent man, will be put in the place of the preecat Sultan.. It is rumored that an offer ofthis nature has been made to Ali, on condition that he issue an edict giving freedom to af slaves in Zanzibar and thoroughly abolishing slavery but it is said that be fears to accept, because this would probably cause a revolution ; in fact, Portal, the British agent here, called on Ali lately and his visit has given the to much comment in nintive clicies. We may have news of Stanley Roy day now, but the natives do not think that he can airive before Mail advices from the west of Africa confirms three months, when he is sure to go to Mombasa. previous reports of the shocking privations to t

Prince Bismarck, in a letter to Herr Fabri on which Stanley bas been subjected. It is stated that his hair has turned snow, white, that his the colonial question, says that he regrets that clothes are lags and that he is without shoes, it has always been made a party question, and being obliged to use skins to cover bis feetMa that money for colonial purposes has been voted A dispatch from Delagoa bay reperta a serious reluctantly. The Government, he says, cannot state of affairs, there, arising from the railway assume the responsibility of establishing colonial troubles.. A portion of the railway has been administrations, supported by German officials destroyed by the Portuguese. An English and military, so long as Parliament and, the engineer who tried to defend the works was fired - courts withhold encouragement and fall to die upon. The foreign residents are greatly alarmed play commercial enterprise.

BERLIN, June 30th..

Mr. Dodwell;-Well can you give us some thing that is a guide? It seems to me that as you feel so very strongly on the subject you would naturally have some figures to place before us in support of it. I should like to know what we have paid, as against what we have received and are crowding to the British Consulate for Thirtysiz, buildings, with a large quantity of cam can you give us that information at all? It protection. The Fortoguese placed the British machinery, were destroyed at Luneberg to-day, seems to me that the risk of the Company by bo- interpreter under arrest, and the Engilsh te The roof of St. Nicholas Church „Der troyed, Loss, 13,000,000 marki. coming their own under-writers would be very little ! sidente demand his release, wat

on

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