AMERICAN NEWS.

Ashburton Guardian, Volume VII, Issue 1948, 19 September 1888, Page 3

AMERICAN NEWS.

(" Australian and South American ") ' G tO MINES AT SAKTIAGO. An English company baa purchased tho recently discovered gold mines at Santiago de Cuba. The price paid is $60,000 cash and a royalty of $1 on each ounce of \ gold extracted. REVOLUTION 111 VENEZUELA. Venezuela has had a mild revolution ; Dr Joan P. R Paul assuming the offioa of President. Tho looal authorities prove i fully competent to deal with the trouble, however, and no further disturbance is anticipated. AFFAIRS IN BRAZIL. Owing to the remarkable spread of republican opinions m Brazil, and thoir open espousal by prominent politicians, * Emperor Don Pedro, tbough only just convalescent from a severe illness, is hurrying back to Rio from Europe to re- assume the reins of government. IMMIQKATION FROM EUROPE. The Argentine Republic will pay the passage of 50,009 Inurlgranta from Europe this year, who will be given a at»rt as farmers. Here is where the greatest care Is neoefstry, and the Government agent* who are responsible for the selection of the new settlers, should bo men of the greatest Intelligence, gifted with the best faoulty of judging human nature, and of the atrloteiit Integrity or tho Argentines will have ohsnou to regret their liberality and enter pi tee. GUATEMALA.. One of the most hopeful signs for the fature of the Central Amerioan republics is the improvement m foreign credit which Guatemala has gained, owing to the able administration of Fenor Don Maurioio Rodriguez, the present Minister of Finance. The old bonds have all been oonverted into 4 per cents, and the govornmerit ie prompt m remittances of dividend?, bo that confidence ia felt, and sales are active on the European exchanges 1 Guatemala is the pivotal republic of tho | Central American group, and her improve- , ment will lead to reforms omong her , neighbors, and will produco 0 generally r stable and prosperous condition. r ARQEHTINE RAILROADS. > The Government of the Argentine Republic has oonstraoted for some 60,000,000 ) dollars worth of railroad conatruotiou, 1 Including the building of a line from , Buenos Ayres to (he northern boundary. } An English company has a subsidy for t extending It still further to tbo capital of j Bolivia. There is some prospect of the jr early construction of a line from tho city ! of Mexloo to Guatemala There will i 4hen remain a gap of 3000 miles between 9 Guatemala and Bolivia. Mr MoOreary . has faith to bolleve that " the probability g of the construction of this piece oi raile road is stronger than was tl>e probability >, of the construction of the Central Paolfio il and the Union Pacific linos ten years c before they were built." O THE NICAttGUA CANAL IB There can be no longer any question ,t, as to the desirability of tbo Niciraeua r . route, and work caDnot bo too ep'eodily* ,f commenced on the canal It will bo much • 8 near United Statos ports thau Panama, . a will hove better approaches aud owiog to il tho absence of the annoying cilrua that so D frequently visit the Panama region it will 3 be a far better route for Bailing vessels. , The hopeful ttno m which its completion a is epokea of end the promise of funds already received, together with tho warm co operation of tho Nicaragimn Govern* 8 > ment m the undertaking, practically as9, sure its success, and within a few months v Panama will have a formidable rivaj m