Appletons' annual cyclopedia and register of important events Volume 29; Embracing political, military, and ecclesiastical affairs public documents ... science, agriculture, and mechanical industry - Tapa blanda

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1890 Excerpt: ...recovered his money from the corrupt agent, but had parted with the mining monopoly, and was unable to compel the concessionnaires to develop the mines or to bestow the privilege on honest undertakers. Lawyers were able to find no way out of the difficulty, and the Indian Government and a select committee of the Ilouse of Commons could only condemn the shrewd trick of Mr. Watson. It was only the prospect of further profits that induced the city speculator and his associates to offer a compromise that would enable the company to carry on operations on a large scale. The value of the Singareni coal field was known from Government surveys, and £60,000 of the original capital had been expended in developing these mines. After two years of working, the mines were producing at the rate of 80,000 tons a year, and the railroads alone offered a ready market for nearly thrice that quantity. Through the intermediation of the Government Watson and Stewart agreed to furnish £150,000 more of capital, on which no dividends will be paid till the other shareholders receive 5 per cent. As the coal-mining operations can be so extended with the new capital that the entire £1,150,000 can probably earn 5 per cent, after a few years, the agreement was not of the nature of a restitution. The Singareni coal field, situate at Yellindellapadu, 120 miles east of Secunderabad, is only 8 square miles in extent, yet Sikkim.--The rout of the Tibetan levies in September, 1888, did not suffice to settle the Sikkim difficulty, but removed it to t he field of diplomacy. The Chinese Amban met the Foreign Secretary of the Indian Government at Gnatong, where months were consumed in ineffectual negotiations. Not only did the Lamas persist in their claim to the allegiance of the Raj...