Panama Canal Shares Show Grim Debt Picture And Dilution
The Bankers Monthly warns the Panama Canal scheme risks ruinous debt. It cites a $120 million cost, par bonds at $200 but trading at $88, a 56 percent discount, and a claimed total debt near $420 million funded by fresh loans. It foresees a long, money-starved construction with widespread market panic if shares fall further.
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Panama Canal
The
Bankers’ Monthly of
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M. de Lesseps
Count de Lesseps
United States
Paris
Centipede Bite Incident Reported in Albuquerque Garden
A well known Albuquerque woman was bitten on the neck by a centipede while blackberry picking. She applied ammonia and soda after removing the creature, kept her presence of mind, and did not call a doctor. The wound swelled then improved and she continued to treat it herself. The incident was noted by the Albuquerque Citizen. The New York Sun confirms a forthcoming convention document detailing bank efforts to sustain government credit in 1861.
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Den ver Ex volunteers plan entertainment for visiting firemen
The ex volunteer firemen of Den ver organized to entertain the New York Volunteer Firemen's Association during its visit to the city.
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