Omaha daily bee., 1881-09-05

men here generally reUecJ upTl the
apparent decline of the directing of
public spirit to Baltimore as q trans
portation point. Mr.. 4. Pa ge, super
i~ntendent of the United Virginia lines,
including the Virginia Midland, says
that the Baltimore business with the
south will hereafter be done by Che
York river rail lines. Washington
CITY, he thinks will become with Rich
mond the new railroad mart of the
south. The Danville combination ex-
poets to run through passenger trains
from Washington to Louisville and
Cincinnati over the ChesaI cake s.
Ohio, with which and with the Nor
folk & Western road, the Da nville in-
terest is on close terms of alliance.
srxE PROBLEM oFrHF oUR.
Will there be enough Of crop For
the railroads TO haul and Keep busy
The bulls say eyes" and the boars
say tno." Public opinion generally
warrants the statement TIL at the crops
are from 10 TO % per cent short.
The bear interest is therefore very
large and also claims tina t large blorks
of American railway sh ares must be
released by Euorpe to check the de
cline Of gold to this country which
will continue to be hea w on aceeint
Of the large balances they owe, and
which must continue to increase, par
ticularly in England where the cgrops
are failures. The Lo ndon ECONOMIST
admits that T'nglan 4 owes us 4l00,
nm nGn ~, laut ynnr'p f,oIo Nnt thIc
market has been relying on a steady
supply of specie from Eurqpe for
many months and if it should be
checked bya surrender of our rail.
way securitiee a serious stringeHcy OF.
money would arise as well as a wild
tumble in the prices Of stocks. Money
I7ISs ZEN TIGHT
all August. but was easier at the close
of last weeh, on account of che great
release of government money to take
up securities, pay pensions, etc. Sew
-enty-two millions of dollars have been
paid out to the public by our govern
ment or by Europe in the past ten
days. ,Twenty.six millions moreswill
be paid oct by the treasury la the
next sever weeks. The machcabused
pension bill passed by the lastcongress
is, therefore, playing its part in reliev-
ing the money market, as $4,000, 600
of the above comes from this source.
The argument of the bulls is that the
unchecked confidence of the,country
in every circle and the activity of
manufacturers, importers end ,emigra-
ton, mines, railroad building and
house building, give ample tIahspor-
tation to balance the deficiency in
grain crops, and railroad interest will
continue to lead any other, and that
the only source of an ominous prophecy
is the spectators who want to cell the
present high-priced stocks short. The
bulls say that we never before had
,oNE-HALF THE MoNEN
present in the country that lis now
here locked up in trust companies to
build great railroads, like the Allan
TIC d Pacific, the Northern Pacific,
Texas Pacific, &C., and they CLAIM
that $3.50, 600, 600 of this money is
now in New York, and will he dis
bursed in large quantities for,the next
two years, and used if need be to sus.
tain stock.
'GBaEBAL MERCANTILE BUSINESS
in New. York is certainly good and de-
rives an advantage from The railroad
war, which stimulates purchases while
the freight rates are low. The streets
are blocked with wagons. Goods are
generally low, particularly so with
wooden goods. Carpets are &c cheap
asdn England.
dSAY GOULD AN HIS SON
day Gould has taken his twenty
two year old son into partnership in a
banking house with his secretary,
Moresini, and his broker, Conner.
Gould himself putting in half a mil
lion dollars. Gould never signs his
own checks but has them printed i'm
fac smile and his secretary fills up
the amounts. George Gould is a
shapely, good sized man with eoonomi-
cal habits and experiences in physical
exploits. Mr.. Gould has paid little
attention to society but as his daugh-
ter is growing up he gradually grows
more conservative. He is presumed
to be the new controlling spirit of the
elevated railroad, which is a million
and a half in debt.
TRE BUILDING BOOM.
ID. O. Mills has now nearly finished
the Wall street front of his great Office
block, which is to cost 81, 800, 600.
Cyrus w. Fields great office block ON
the battery will cost nearly a million.
The immense chamber of commerce.,
now going up, is nearly opposite. The
government barge office, OF stone and
iron, on the battery, to ac-
commSdate Grst : class foreign
passengers, is well advanced. The
Edward Clark Hotel, opposite
Central park is up one story. These
great building operations in New York
have much increased the price of me-
chanics' labor and materials. Some
say that the Office buildings in New
York are Overdone and will not here
after bring the present rates. The
new bank building at Broadway and
Wall street, called Post Sherman, was
put up so hastily in the winter that it
Is dangerous TO its tenants, most of
whom took leases for a term of years.
GIN. GRANf
has been asked by certain Cincinnati
capitalists to assist in securing the
Southern railroad Of that city for a
home syndicate and possibly to lend
baem his name.
MORE WATERING PLACE H0TELs.
Although three Of the largest ho-
tells ON the sea coast near Neg York
have either gone into bankruptcy or
decline, another big m is to be begun
at Consy Island on the ground bought
for SfeO, 600 and Austin Corbin,