Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-04-19
A. 7. STEWARDS ESTATE.
Of the Globe.

nights more wonderful than the speed with
which Judge Hilton became enormously
rich. His experience since then has veri-
ied the belief that riches and happiness do
not always go together. The most recent
annoyance is a suit by Alexander Stewart, q
cousin of the deceased A. L. Stewart. He
alleges that he was bought Of his original
intention to contest the will by a few weeks
board at the Metropolitan hotel, 100000 in
money and as many dresses as his wife could
select in Stewards store. He now swears
that these engagements have not been full
filled, and seems bound to make trouble.
Meantime the vast Stewart business in this
city is diminishing; the wholesale store at
Broadway and Chambers streets remains
empty, involving yearly loss of 100000,
and the business of the retail store has large
ly fallen off. 1t is alleged that SO necessary
is it to raise money, Mrs. Stewards indorsa-
ton for several hundred Thousand dollars
has been given to some city banks. These
circumstances are regarded as of very great
significance.
PRINCE OF TIE CHURCH.
The Rev. DIR. Hall, of the Fifth avenue
Presbyterian church, is now the best pad
paid clergyman in America. His income is
said TO be more than $4,000 a year, made
up as follows: Salary, SIS, 600; free house,
worth S4 900; fees of various kinds, $4,000;
Yale lectureship, $4,000 or $4,000 more;
total, $31 600 or $32, 600 per annum. This
is q comfortable little income, considering
that the fiscal year of this lucky divine in
cludcs a three months leave of absence. The
doctor is born Irishman, and when asked,
the other day, to contribute to the famine
relief fund, he replied that he had not suffi-
cient information to convince him that any
relief was needed from this country. He
wouId not believe "though ono roEe from
the dead"
THE CHANGING CHARACTER OF TRADE.
While it is fact that the entire business
of New York has suffered no decline, chang
es of q marked character have occurred
within the last few years. Take, for in
stance, the jObbing interests in dry goods.
Immediately after the close of the war, say
in 1865, there were not less than fifty job
biDg houses. To-day it would be hard to
number ten. The absorption of such houses
as Evans Gardner q Co; Eldridge, Dunham
& Co.; Kayne Spring, Dale & Co; Peake
Opdyoke & Co.; Opdycke, Terry 81 Steele;
Buckley, yelling & Co.; into one or two
prominent concerns such as Bates, Reed d
Cooley; and DunhRm Buckley 81 Go. are
among the more recent events of this char
ecter 1t is equally SO in the shoe trade;
less than ten years ago there were twenty
five iobbing shoe houses in this city; to-day
the entire trade is limited to perhaps half q
dozen. Boston and vicinity seem to have
taken this trade entirely from New York,
though we still lead the world in leather, as
indeed we do in dry goods commission.
The western cities buy, however,
direct from the manufacturer to very large
extent, and the jobbing interests of numer-
GUS Western cities have been built up at the
expense of New York. The great house of
Clahin & Co. still continues to maintain its
supremacy in the country. Its business this
wear will amount to at least $50,000,000 to
$55,000,000, averaging fully 81 100000 per
week; of this amount about one-fourth is
New York, the rest Pennsylvania and Con-
necticut trade.
RAPID TRANSIT RESULTS,
The building trade in New York is very
brisk, Notwithstanding the strikes of work
men and the great advance which has taken
place in the price of materials. Whole
blocks of houses are going up in Harlem and
neighborhood in anticipation of the great
demand in spring by those who are coming
back from New Jersey, Brooklyn and else
where. This is direct result of the con-
struction of the elevated railroads, which
render available for residence great districts
in the upper part of Manhattan island, which
under the horse car regime were unapproach-
able. The elevated roads have dishgured the
Al, Io1N 0c
and privacy from large section of the pop
ulation; they are uDsightly, cumbrous, noisy,
an immense nuisance and an immense ne
cessity, Such an INVASION OF private rights
as the construction of these roads involves
would not be tolerated for an instant in any
other country than the United States, where,
blink it as we may, capital is all powerful.
IL London, where rapid transit is an accom-
plished fact, the underground railways were
constructed at an expense of not less than
$5,00O,OOO per mile. This vast expenditure
had to be incurred because elevated railroads
such as ours would be regarded as an intol-
erabIe nuisance, and in the face of public
sentiment their construction would be an
impossibility.
POOLING MACHINERY.
Few people have any idea of the mschin-
cry necessary to carry out
the freight pooling agreements
by the various railroads. Mr.. Fink,
the commissioner employed by the railroads
for the purpose of watching each other, is
the most important factor in this most i'm
portant matter. It will astonish your read
ers to know that he has in his employment
nearly $50 clerks, whose duties are to copy,
adjust and average the charges, receipts and
divisions of the entire freightage business
of the pool. The Offices of the commission I
have been in the New York Life insurance
building where they occuoy nearly an entire
floor, but the business has SO outgrown the
accommodation afforded that the insurance
company is putting on top of its present
five story building an additional three stories
nearly oil of which extra space will be occu-
pied by the growing exigeneies of this now
mode of settling differences and avoiding
the effects of induce competition.
BIRDS OF PREY.
The chevalierS d Industrie, of New York
have of late hit upon device at once easy
and profitable. 1t is to assume name sc
like that of some respectable firm that peo
pie will be deceived by it and send goods or
credit without much scrutiny. The