National Republican., 1873-11-25
NAVY YARD AFFAIRs.
steamer. Fortuuc md Taiiapoesn -Aa
Employee InIurcd-ltccru,,,nE- -Appeint-

Steamers Fortunc nud TatiRpoosn - Al
Employee InIurcd-RccvuitirE "A ppelnt- /
ment.
The repairs for which the Fortune was placed
on the ways nrc complete, and she win be
launched about 10 O'Clock this morning; after
which she will he hanle,l around to the wharf,
where she viii be thoroughly repainted and her
decks put In proper order. A competent author
lty reports that she will be ready for service
about the ist Of December.
W. W. Queen, Boatwain Cooper anil Mr.. WIN.
L. Cowan, master saimaker, has been employed
during the past week inspecting the outnt and
stores OF the Tallapoosa, and submitted their rc-
port that nearly all the vessels outut DC con-
dcmned and sold. The Tallapoosa- when her
sails, rigging sai stores are removed, will take
the place OF tho Fortune on the marine railway
In the eastern salp-house, where she will be
thoroughly repaired.
wm. IL. Pritchari, o carpenter In the equip.
mcnt department, wa injured Yesterday by
being struck with . piece OF timber, causing
| severe confusion OF has thigh. The sufferer was
cared for by Mr.. VIM. :. Dulin, at the yard dis
pensary, and conveyed 10 his home In Union
% Another large hatch d sailors, lately enlisted,
arrived from the naval rendekyous at Baltimore.
Enlistments at the yard average from fous 10 six
Nj. Harry G. speakr, q young wsshinstoaiau,
chinist and will remain at the yard until ordered
to sea.
The present financial panic diffeis from oil
preceding panics In that not dollar of the cur
brcncy has been annihilatcd or in any degree a.
minished In value. The currenzy Ia not locked
/ up ID tho banks, for they s,upepdesl because
depoasets. since ihs suspeason there has
been little disposition 20 deposit In the hanks,
and IL ufsy be safely assumed that there Is less
| currency hetI by the hanks now than was held
BY them, on ,he average, before the panic. il
| follows that vast amounts OF currency are now
lying Idle In the hands Of the people.
seeking Investment in good real estate securities
| at ten per cent. interest, and IN many other
places at lower rates. No one having such sesu-
money upon them q. ten per cent. Or less. Now
it Is dificult 10 raise dollar upop the very best
real estate securities At ten per cent or any other
Of paying The uath Is that many millions o.
dollars aIe lying Idle In private hands, exposed
| TO tAe derradatons of burghrs, that might be
nually, and secured by real estate worth two,
three or fourssoid the amount
nttie renec.ien will satisfy any sen,isie ser man
use, that he Is lettlng slip by = golden opportu-
nifty for Investing it to the best advantage. II
csnnot be many months beaore he VIII Ind it
mana facturers who have either wholly suspend
cd Of greatly car,Alled their business must ne
laticns o. all kinds have received . check, which
i must sun further dimiuish the demand. Recent
events have shown that investments N railroad
| and telegraph stocks and bonds, and, In fact,
almost every kiRd OF ssocks, are very prccarious.
Investments " real estaie secufttles are al
most the only Yeyfecuy safe, and At tho same
i time prodtAbe, Investments that can he made.
such investmentA, n prudently made, aiwayu
have been, and AlwsJs viii he, perfectly secure
i These considerations nnst inevitably indace
i men VINO have money 70 Invest 20 seek real
estate securities In preference tO all 0thers; and
the result must be that he rsie Of interest Oh
i talnable on Investments In suoh securities will
| at no distant day, very mate nally fall. The
merrhantable laws OF supply and demand must
produce tnis result.
B. ii. Warner, real estete hroker, No. Iss
| Seventh street, has a large number OF real
estate notes for sale, varying On sums from $50
to $iOo.oool