The New York herald., 1878-10-04

maps an obJectionably tight hand having
been applied to all such outgoings. Had
this not been the case. however, the divi-
dends must have suffered still more ma
terially." Russian, Turkish, Hungarian
and other securities were also out Of
favor on Monday in sympathy with the
decided gloom manifested on Continental
bourses." I" 'Tery few signs of returning
animation are now to be met with in the
manufacturing districts" "The condition
Of the iron trade is not so satisfac-
tory" "Tin and copper are quite
without recovery" cat Sheffield, where
there was some improvement Immediately
after the conclusion of peace, it has now well
nigh died away. and some houses are even
worse of. The returns and exports for
August show in almost every department of
the Sheffield trades decided falling of !"
These gloomy extracts are taken from diff
ferent papers devoted to many different sub
jects, and they give a most unfavorable i'm
preston Of the state Of things upon which
the great Glasgow failure and the other
heavy failures which must follow it will act
A blow from which healthy trade might
easily recover may prove more inj urious to a
patient suffering from long debility. 1t is
therefore unsafe to form any estimate of
the consequences Of these failures until
after an interval of few days and fuller
survey of the situation. Besides the de-
bilitated condition of British trade the
country has suffered immense losses by
investments in South American, Turkish
and other comparatively worthless foreign
securities, by the Suez Canal purchase and
by the six millions expended in warlike
preparations previous to the Berlin Con-
gress. The condition of England warns
US against forming hasty conclusions in
advance of the facts. Within few days
we may be better qualified to judge.
That Wonderful Presentm ont"
The longer one ponders over the Grand
Jury's remarkable effort upon the Metro
politan road the more he wonders why
similar complaints have not been made
against other creators of noise. There is,
for instance,
Rafting oer the stony street.
to which, in "Belgiums capital" was once
attributed the noise of cannonading at
Waterloo, mistake which seems extremely
natural to any New Yorker residing on
street paved with cohblestones and fire.
quented by wagons. Then there is the
horse car, which not only rumbles in cres-
cendo and diminuendo as it approaches
and recedes, but offers an accompaniment
of clattering horse hoofs and an unmelodi-
GUS, useless bell-two noises for which no
elevated railway train can offer equivalents.
These cars have for years crowded nearly
every avenue in the city. Instead Of merely
running late in the evening, which prac-
tice the Grand Jury think the Metro
politan cars might forego, they run
all night. Besides the noises they
cause to affict residents along the
line they torment all their passengers
with racket that is unequalled by any
other conveyance but an omnibus or q tin
pedler's wagon. At times these cars have
crossed the tracks of other street railroads,
and their bouncing has led to serious re-
suits, particularly among women. Their
rails have wrenched off wagon wheels in
Vulnerable and caused many an upset, while
the compliments which have been exchanged
between their drivers and the managers of
vehicles on the track have delighted nu-
merous gutter snipes and sickened hum
dreds of thousands of respectable people.
At certain hours of the day they have been
crowded until q sense of decency forbade
ladies to enter them. In the winter their
interiors have been about as cold as the
outer atmosphere and as foul with exhala-
tions Of human beings as the Black Hole
of Calcutta. But what Grand Jury ever
offered ''presentment" against a horse car
road, calling it IAN invasion Of private
rights and Of human comfort, safety and
health2" Why distinguish against one
road while for years we have been enduring
a dozen or more with larger averages of
demerit and causing annoyance to far
greater numbers Of people?