Morning journal and courier., 1882-11-02


German cities is from marks % pfennigs to
marks 80 pfennigs. From all accounts the
latter rate of exchange seems to prevail there
So you that the poor people would really
effect a saving if they would wait until ar
irving here before they exchanged their mon
ey. But there are SO many people at home
who are anxious to make what little is to be
got out of the rate of exchange that the i'm
migrant has but little chance of escaping
with much native coin in his possession.
Probably more money has been brought
here in proportion by the Mennopites of
Russia than by any other class of alien i'm
migrants. They are very thrifty people,
and come here with the intention of remain
ing and bring all their hard earned savings
with them. Next to these come the Ger
mans, the Hollanders and the English. These
people, too, have saved money at home, and
they bring it with them to invest in the soil
on which they expect to thrive in the future
Scandinavians and Swedes are naturally
thrifty, but they are able to save little more
than the cost of their steamship and railroad
tickets at home. The other day party of
very thrifty looking Swedes passed through
here, but they did not average more than
$40 to the family. AS a rule the Italians
bring little or no money. 1 have seen ship
loads of these people enter the gate at one
end of the rotunda and pass out of the gate
at the OF her end without SO much casting
a glance at the money brokers, and probably
not one of them had draft even for a few
dollars in his possession. Once or twice,
however, thrifty colony of Italians had
passed through here. These people were
supplied with money, and they came with
the intention of buying land and embarking
in particular industry. The Russian He
brews of course, have nothing, and the Irish
and French, as rule, have very little money.
The Swiss seem to be tolerably we'll supplied
with means. Well dressed immigrants rarely
have any money. 1t is the coarsely clad man
Ioro hn hoa fba Ha
has worked hard all his life, and the care of
his large family has taught him economy.
The married men seem to have more than
the single men. The majority of the single
women have little or nothing beside the rail.
way tickets which have been purchased for
them, and which will take them to their des-
tinations, where friends are probably await
ing them. A whole ship-load of immi grants
will enter the rotunda of Castle Garden and
there will be a swarm around the money
brokers counters, where they will perhaps
leave 5000 in foreign money. The people
with small sums to exchange usually make
rush for the money broker and soon COM
plete their business. A German may have
few marks together with some odd pfennigs
an Englishman half sovereign or q few
crowns a Frenchman or a native of Swift
zerland a half or quarter Napoleon or few
francs; an Italian scudi, with perhaps O
paul or two; Russian with one or two ru
oles and perhaps a few kopecks, and an Irish
man no more than %. After these people
have left and the coast is clear up will come
the men of means, who will quietly make
their exchanges and will leave behind them
comparatively large sums of money. But
those who have the smallest amounts to
change usually make the most fuss about it.
man will come up here in the most excited
manner and will begin opening his coat and
vest After tugging away at his clothing for
few moments he demands knife, which is
furnished him. Then after cutting through
several thicknesses of cloth he produces q
half sovereign, which he lays down upon the
counter with great care for us to feast our
eyes upon. The women are as much given
to secreting their small stores of cash about
their persons as the men. But, on the other
hand, those who have the larger sums of
money are not particular about hiding it
away, although, of course, they are not apt
to lose sight of it for any length of time.
Those people whose tickets have been pre-
paid by friends on this side rarely bring any
money with them.
Our business here in the Garden may
have improved somewhat since immigration
began to pick up. There would have been
great improvement in our favor were it not
that the majority of the immigrants nova
days put their money in drafts and green
backs, and so nothing but the odds and ends
left for to change. The European
money brokers and bankers are getting all
the trade which used to be thrown in our
say. The amount of business which we do
has been greatly exaggerated. 1 remember
one week during which the profits of my
tirm were only So IS The margin of profit
IN our business is very limited. We have
long dull spells, and again we have very busy
periods In years time we have exchanged
Il million of dollars here, but when you come
to divide this up among several hundred
thousand immigrants the average share for
each one is very small. OF course, this mil
lion was only portion of the money which
he immigrants brought There is consid-
cradle exchanging done here in the city by
immigrants after they have passed through
}astle Garden. They have neglected to
The proprietor of the boarding house at
which they stop takes them to some money
broker with whom he happens to be friendly.
Two firms of money brokers have represen-
tatlves here in the Garden. Scully & Dewitt
nave their counter on one side and Hagen &
5illing have counter on the other side,
The business is supposed to be divided be-
tween the two firms. One ship lands her
immigrants on the right side of the Garden,
and on their way through the rotunda they
pass close to the counter of one of the
Trims. The immigrants from the next
steamship are landed ON the left side of the
! Garden and pass the counter of the other
| firm of money brokers. The rates of ex-
| change here are the same as on Wall street.
| There is blackboard near each counter
where the regular rates are chalked up and
the Immigrant has s. chance to see for him.
| self before he approaches the money broker.
| The people who come here nowadays do not
seem to be as well supplied with money as
those who landed 10 or IL years ago In
those days investors would come out as
| Storage passengers, There were any num-
Der OF farmers with their families and with
sufficient funds for the purchase of large
farms. I'VE have some such cases now. but
like angels visits they are few and far be
tween 1t is laboring people who come out
now, and as a rule they expect to make Their
| capital in the new country. The majority
| have only been able to save the cost of emf
| grating to their new homes, where they viii
be satisfied with obtaining almost any kind OF
employment"
| The Beauties OF POlySamy-How Ont
| Wife Treated Another.