National Republican., 1883-06-11
Washington ms a Financial and Promo-
ting Center.


ting Center.
Tho superior advantages and attractions of
Washington as place of residence have come
to bo acknowledged practically by people
from every section and state in the country.
1t is without doubt one of the most desirable
and delightful places of residence not only on
this continent, but in the world. This is tho
verdict of those who have resided in Tho most
favored cities in America and also in Great
Britain and the continent of Europe.
There is, however, another point of adj
vantage possessed by this city, which is COM
ing prominently to view. 1t is booming q
point of interest to men of capital and pro.
moters of great public enterprises and inn
provemcnts.
The financial policy of the United States
treasury now shapes the financial policy of
the nation and regulates the two thousand or
moro national banks scattered over tho
country.
A fow years ago stock exchange was or
ganizod here, and as an evidence of business
in this line may be mentioned that the present
annual rental for private wires between this
city and Now York amounts to $4,000. This
is, of course, exclusive of a large amount paid
by persons engaged in stock business to the
public wires.
Recently q number of successful miners,
manufacturers, &C., have been sent to both
houses of congress. and this has added largely
to the surplus capital of this city ready for
investments. The American and Mexican
president, has established its main office in
this city, and the Florida Ship Canal and
Transit company, of which ex-Gov. John
G, Brown is president, has made its organiza-
tion here, and is likely to establish its head
quarters here.
For the promotion Of great enterprises
Washington offers peculiar facilities. If it is
desired to give information of tho objects OF
an enterprise to tho whole country, what is
known as Newspaper Row may be relied
upon as furnishing intelligent correspondents
In tho collection of facts and statistics one
will have no difficulty by consulting the con.
gressional and department libraries and the
official archives of the government. If in.
formation on any business matters relating tC
foreign countries is desired it will be found
that every nation on tho globe of commercial
Importance has its legation here, the mem
bors of which will always bo found courteou,
and obligng in giving information.
There are already several Mexican com
panies here operating in railways, mines, ant
other matters, whose stockholders are from
Mexico, Boston, New York, st. Louis, Phila
delpha, Chicago, Memphis, Washington, ant
other cities.
The population of Washington is increasing
rapidly, as is attestcd by tho steady rise il
real estate and the largo number of improve
ments being made. Men of wealth, who hav,
retired from business in other cities and
from public life, appreciating the grca
advantages of this city as place of residence
are rapidly swelling our population. Wash
ington now ranks as fourteenth in population
among the one hundred principal cities of tn
United States, having population by tn
last census of 1928.
With tho completion of the improvement,
on our river front, and better and cheaper
> gas. and proper water supply, all of which WI
will soon have Washington in many respects
in short time, will be second to few oitie
in the world.