Evening star. [volume] (Washington, D.C.) 1854-1972, 1884-05-16

Inc recent fluctuations in stocks, even OF the
better sort, and the risks attending all kinds Of
speculative business ventures will naturally help
real estate properties This class OF securities is
more solid than almost any other Where invest
ments are made with reasonable caution losses are
very rare panic in real estate outside OF 5pecu-
httye schemes, IS almost impossible In this grow
Ing country the certain tendency OF real estate is
upward In all directions our population Is In
oreasng and land becoming more valuable Rents
unless under specially unfavorabe conditions, pay
nom six to twelve per cent return on the capital
invested, with as absolute security TO the holder
rs governments at three per cent interest. 1t Is
no wonder, Therefore. that investments OF this de-
scrptlon are In active inquiry. This Is especially
true OF Washington city and the neigboring coun-
Try. II is certain now that the remarkable growth
Of Washington in the last decade will be multi
Piled In the future in the full ratio of arithmetica
progression, and that 1t is destined before many
years TO become large well as most beautiful
city. Within the same time also the magnificent
circle OF heights In the county, and In Maryland and
Virginia, that form the rim OF the Washington
basin will be covered with beautiful Villas and cot
tages and cosy suburban residences; and the coun-
try outside in radius OF many miles VIII be occu-
pied by rural homes or be cultivated prohtaby by
farmers and gardeners for the supply OF one OF the
best markets IN the country or the world
-----<~S--
The failure OF Fisk Hatch Interrupted the re-
turn Of confidence In Wall street yesterday and
LEFT the market In suspense as to the future 1t
looks, however, If the worst was over. The most
hopeful sign is the large purchasing Of stocks by
outside parties for investment. Foreign buying is
notably brisk 1t is no doubs true, as Jay Gould
says, that many stocks are far below their proper
value, and that being the case can rely
upon the shrewdness Of investors to snap up the
bargains thus offered and in this way flood the
street with money, give tone TO quotations. relieve
the strain on firms carrying Stock and restore con-
denee
outside Of stocks there seems to be little financial
disturbance. Some ugly revelations OF scoundrel-
ism in broadcIoth have been made and discoveries
OF this sort always shake confidence and hamper
honest business But the lesson of the past few
days will not soon be lost upon those intrusted
with the management OF banks, so that We may
hope for fewer scandals OF this sort in the future
One OF the secret drains on public prosperity is
the loss from fire. The destruction from this source
Is reekOned at one hundred million dollars annu-
ally, which must either be met by individuals who
take their own risks or by the business public gen.
orally through a tax In the shape OF insurance
large enough TO enable insurance companies to
meet losses with margin Of profit 10 themselves
This large and steady drain is almost dead loss
damage by fire realizing fewer compromising ad-
vantages TO the community than almost any other
form Of Individual hardship. 1t IS very desirable
therefore, that IL be reduced to minimum and it
stands TO reason that hundred million dollars
year Is above such limit AT time like the pres
enr, when we are looking little more closely than
usual into the conditions Of the common prosperi-
~, this subject OF loss Dy fire should not be neg
lected Building laws should be strictly enforced,
and the facilities for dealing with the fre-hend
should be OF the best.
The gentlemen of the National Jockey Club are
20 be congratulated upon the success OF their
spirited efforts TO provide frst-class racing sport
for the national city Under Their admirable man.
agement the attendance at the spring meeting has
been remunerativey large and composed Of the best
class OF people. Not many race-courseS In the
country could show more brilliant display of
fashion In attendance or finer sport the track
than that Of yesterday at Ivy City
II It be true. as declared by the insane asylum
supertntendents at their meeting yesterday that
one-thrd Of our insane population brought here
BY foreign immigration. the association does well
70 memorabilia Congress 70 amend the immigration
laws 30 as TO prevent the emigration and the ex- |
portation TO shores OF the defective classes
Of Europe and Asia We have lunatics enough OF |
our own without having those OF other nations set
loose amongst Us /
The "widow" Rgtler, who believes in political |
polyandry, has ady captured one nomination |
that by the anrr0Hopolists. and has set her cap |
for two more Oi these Two, IL is understood that
the greenbackers are ''Willin'," but the widow has
thus far had Only limited success In MASKING the
less susceptible regular democracy. stu, the
widow has a barl
". Began Cash. the South Carolina desperate. |
has come 70 fitting end, having been shot down |
Ike dog by sherir's posse, whom he was resist
Ing Even In these panicky times we congratulate
South Carolina on being short OF Cash.
has been returned in the trial OF Wheeler for the
murder OF Matthews in Mississippi last election
day. The congressional investigation into the out
rage showed that the local sentiment justified the
murder, and that no legal redress could be looked
for