, 1880-10-01
HANCOCK AND RUIN.
What Would Be the Effect Of His
Election upon Real Estate at
Washington.
Three Thousand Houses 10 Bo Imncs
dlately Forced upon the Market
under Foreclosure,
And tho Union so1diors Who Now Own
Them to Ba 1rretriovably
Ruigod,
FINN Our U,rn t,pr7r,pondtnt,

Auluuut
Frorn Our Uwn GorTrspondtnk.
, WASHINGTON, y. T., Sept. 1J.-1f my per-
snn doubts tl,at businessmen have apprcIlctl-
stolts TINT thu election Of lIallcnek would re-
suit In srrious injury t0 commercial inter-
ests, le w0ultl have Ills doubts removed ly n
fow minutes talk with the Washington renl-
estate men. Talking with me- Ut tho 'nrgast
operators here, tho other 'lay, askctl him
whnt effect the SUCCESS Of the Democratic
party would be likely TO have at tho Capital.
lie snil: II cnu best tell yDn by saying tllat
have Just Ind p'acct1 subject to my order
5000 by wealthy capitalist, 10 10 Invested
in renl estate TINT would bo sold here Under
foreclosure next spring
IF HANCOCK SHOULD 1tE ELECTED;
and haze promised my cIcMt, In tint event,
to double Ills nancy for lin, IN two years."
"1,ut low could tho election 30 grcntly
depreciate property lcras"
"Easy enough. II could mot well bo 9th
crw1sc. Thorcnro no less than3, 900 houses In
this city owned or purity owned
by Government employees. Very few of
them aro paid for. III largo
majority OF eases only very slnal
payments hive been made. Many Of them
have been purchased upon the ,llol,thly-pay-
mcnt plan. These Government clerks lnve
no acculnrlat1ons OF capital. They ),ayo
tninIlius,-snue of them very large ones.
They depend upon their monthly collpensn-
ton for their living; aud from their snall
salaries hnye been cnlcavofinE to lny up
sumo savings, Which they llnso been lnyest-
t,,g In homes. II they wcrn to lose their
pti.ees by chnnGe Of Administrator, they
ea rot Ppy t1t aGse Hs ;av co, 1g rSs M
1uUtey enough to prorlAe trAhsportut!oll
for themselves md families back To the
riRcu frpm which they caine-w',cIn asoy
borrow any inoro money upon their houses
here, az they arn alrenlly ,lnder 'lortEgt!o tnr
tile purcliase-rricr. anta aI outgoing Goyerl.-
nrl't clsEk eol!lt not raiss ,as sSeoIi tu mort #
prlvntc sas. Yum kuow something what It
would be If 5tO houses were placed upon tho
market for forged sale Mt one tt,lc even y! a
Tcsiiit it. 1000 hotlsrs were forced upnn tho
market for immediate snlo In the srrll city
of Washington, which l,as 10 commerce. an'!
which has little resident ,capitsl? It would
be simply ruin to tho small llolsGrs"
"ies, but tho work of tho Government
here llas to 10 d0ne. and other clerks-,prol'-
nnly cX.Confetlerates- come G In t9 take
% tS sseMs n 10 9f m hs %oF FWeIH W.T. eoa UM ot sos5y ay
buy the houses which The Republican CLERKS
Will have to sell? Thu Democrats would
hnvo to live SOMEWHERE"
AN .t1tMt OF MESn1CAST9.
."l But they would not lIye III their own
tllcallts that w0u,tl cunlc lIere, how lnni'y, 10
yol, snppnSe, would hare money enongl, to
make tic first payment upon q house? Not
to harrow the nancy to et,ne to Washington
tn beg for their places. Tletew Democratic:
clerks would not havo any money for Mt
"Ma,,y of tilo present clerks here also have
small savings Iii cooperative building asso-
ciat!o,ls. Iknow this, MS utn myself aetive
III n hn1t-dozeno of these assnc'ntons. These
sSRSSss S It. ss sw et Y L pf p fs S,sse s Srsr f'sf s
things Is maintained; but, il Hancock should
be elected, they would not p.y per cent"
WASHINGTON MERCHANTS DECLINING rc
pUY GOODS.
IT,! a nemoeratic l,. Msrehant standing by, hear
III. at,swercd:
"What you sny ahollt tho small holdings oi
r92pptfy 2riI a 'sty w tyf bunTs woS 1as
Would Undoubtedly lnaintain them Ut sonc: r
tlinE near t}'o present pr!ces but, of course re
j sss q sEsy sse IT, ri %esa Wo
o business point Of yivw. bo great suffering
~ Washington tron. GhanEe Vt Adnlstrn
tP tcnI q ara sTshas hSna rR R xtka esI @ 5 aHs t
full, Tltey nro getting i'll tltc smallest W,ssi-
bio lines. Witiluut regard to politics, they
ArG waiting tlIG result. nlH uGntuCrnt my
self hll nm not laying II my considerable
stock, md shnlL not until after tho election
Tho merchants arc all restricting their lines
Of credit to tic lowest limit possible"
THE "MERoI1 DE- wAH" REGIME.
"Wlat yon say about tho liigll.prlccl class
ofprnperty," rejuin4A tic gea!-tsssatc operate,
first speaking, "w9Mld ngt, fear, prove true
speak nre atnl,te.l to wealthy society peap1c
Ihe houses 1t tl,!s class are now ,nnstl,
owned by their occupants. who llyu IN tfosl
few nontes III tho winter, n1stl who lIayt
no mortgages upon them. Tho houses o
this elAss that aru fur sale, however,. woult
not tinal Il rtatly safe. 4 Delocrntfc Admin
istsatl0n woulI naturally bring NeMocEat!'
society here. There won Id bD great cha1lEc;
IN THO social world. a good mally Q
tho Republican social lenders Wnl'lt
lsnyo Wasllngtoll,, u.s. ~, tl.e ", nenlt} ..
9Th" Glo BGsn as has hsssty M St o h9 2cfS ynenn bsrn
n.l,l has praetcei g00h deal of social 0strIl
clslM: 1,lle Soutl, would be dominant, nil,
Southern society dues not now bring tlnnn,
will, it. rnku Il trip to ore 0f the Southern
Matartng. .1laccs, n1lN look at tho dccnyed at!t
ytvors Ut tho pld regime, Wlin w0Mlll he. ti
leaders Of Washington sr,clety: Tiny tn!k d
rcstortllg tho snelnl features OF the Old Dcill
ocrNtlc dnys; but It tukes n,ulley to do th!N
and tho n.,nuy OF tho old slavUllOltlfng Aris
toeraty wins, f9r the most part. plated y
tnoss goods n1itl chattels OF tho days "bnfn
capitalized as a bNsls for Tho purchase u
houses or tic payment OF tradcslnen'A bills.
+. u. w.
LtGessn tho I'nlMce ut Madrid. ;
AdtFf4 EorFsslnntf1les Neu fork Herald