LATE MAIL NEWS.

Gisborne Times, Volume VI, Issue 171, 31 July 1901, Page 3

LATE MAIL NEWS.

A FLOURISHING COUNTRY

UNITED STATES NATIONAL BALANCE-SHEET.

By Telegraph —Press Association. (Per E.M.S. Sierra at Auckland.) San Francisco, July 11. "The fiscal year of the Government of the United States lias just closed. The hooks now closed show a most prosperous period in the history of the country. The statement to be issued will show that during the year the receipts of Government exceeded the expenditure by about seventyseven million dollars. This, showing two years after a foreign war, is believed to be unequalled in the financial history of any nation. The balance-sheet will show receipts of about five hundred and eightyseven millions, and expenditure of five hundred and ten. millions. The surplus named is in face of the extraordinary expenditures for army and navy, and for the civil administration of insular territories. A repeal of certain portions of the war revenue wii! reduce the income to about forty million dollars annually, so next year the surplus will not ho over thirtyfive millions. The administration is also gloating over the increase in foreign trade. The figures show that the balance of trade is in favor of the United States of about six hundred and seventy-five million dollars, or about one hundred and fortyfive millions more than during the previous year. DEED OF HEROISM. A BRAVE GERMAN OFFICER. \ cablegram from St. Petersburg, dated July flth, says that an act of heroism was J accomplished a few days ago at Kron- ‘ stadt. The crew of the cruiser Variag 1 were engaged in loading shells on board 1 the vessel, when a small carriage containing five or six shells broke away from the 1 rest, and began to run down the deck. If it struck the opposite side an explosion was inevitable, which would have caused the loss of the ship and all on board. Suddenly Lieut. Derichtcr, a young officer, threw himself before the carriage and stopped it. He lost three toes of the right foot, and received a deep wound in the leg and another in the chest. He was taken to the hospital, where he is on the road to recovery, ft was feared that his leg would have to he amputated. The courageous young officer is the only son of General Othon Dcrichler, aide-dc-earnp of the Emperor. A'WHOLESA I.E THLEF. STEALS .CIO,OOO WORTH OF JEWELLERY. A despatch from London says Unit Oco. 11. Edwards, who was arrested at ,1. I’ierpont Morgan’s house recently, where he pretended to he repairing the electric fight wires, was sentenced to four years’ penal servitude on indictments charging him with stealing jewellery to the value of XTU.UUO from various houses. HEATH OF A PRINCE. Prince Yon Ilohcnlohc, formerly Germany's Imperial Chancellor, died at Ragat/., Switzerland, on July sth. His death was unexpected at Berlin, which was the place he left ft few weeks since, apparently in good health, although increasing weakness was evident. His death is attributed to the weakness of old age. Because of his relationship, the Emperor always called Prince Von Itoiienlohe “ Uncle Choldwig.” He will postpone his trip to Norway, so as to attend the funeral, which will he |iiite imposing, though not at Berlin. The remains will he conveyed to the Ilohcnlohc ancestral home at Sehillingsfucrst, Bavaria, where the body of the Prince’s wife is interred. The cx-i’romier was a good friend to America and Americans. A ROYAL BUILDER. THE RAISER’S INVESTMENT. A despatch from London states that Emperor William has blossomed out as a builder of electric railways. It is asserted that the Raiser is a joint partner with the well-known engineering firm of Turnons and Llalsko for construction of the great fast express line between Berlin and Hamburg. The intention is to shoot trains to the seaboard at the rate oE a hundred miles an hour. The Emperor is said to have contributed to the enterprise s vend million marks from his private fortune. An engineer, who last week rode over the completed portion of the road, said the Emperor has two objects in i itercsting himself in this railway. First, lie wishes to benefit by the undoubted financial success that will attend the project; second, he wishes to set his countrymen a royal example in the development of electricity. The road, when completed, will he unique. It is being built oil an embankment twenty feet high, fifty-four feet wide at the top, and otto hundred and twelve at the bottom. All intersecting lines go over or under the embankment to avoid the grade in crossing. Ten trains an hour will run in each direction. The motor cars will be fitted with sharp-nosed fronts. The cars are of lingo design. An American air-brake is ho only piece of Yankee equipment so ordered. HEATH OF YOUNG HAY. SORROWFUL CIRCUMSTANOES. The death of Adelbert S. Hay, formerly United States Fonsul at Pretoria, was most deplorable. John Hay, Secretary of State, and father of the young man, was for a time so much prostrated as the result of the shocking news brought to him that his condition was considered alarming. Adelbert Hay was a graduate of Yale College, and he went to New Haven to attend the class at the Triennial Reunion. He arrived on Saturday evening, mid after a drive with some friends and class mates ho went to his room at the hotel for the night. Later his body was found on the side walk, beneath the fourth story window from which ho had fallen. The arrangement of the room showed that Mr Hay intended to go to bed, and the clothing' ho had removed was carefully folded. Mrs Hay, wife of the Secretary of State, inherited an immense fortune from her father, and as Adelbert iluv was a man of much ability, and beloved by a large circle of friends, it would appear that he could hardly have tired of life. A despatch from London says that people there are not unmindful of the fact that during the early days of the Boer war Adelbert Hay 'discharged honorary duties on behalf of' the British prisoners at Pretoria with the utmost care and discretion. It is felt that this tragic death closes one of the most promising careers in the diplomatic service. All the papers refer to the debt Great Britain owed to the late Mr Hay for his many kind offices.