The Sunday herald. [volume] (Washington [D.C.]) 1866-1887, 1885-10-25
THE LOUNGER ON THE AVENUE.

THE LOUNGER On THE AVENUE.
zone OF the most Interesting questions the next
Congress will have TO consider will lie the admission
OF Dakota into the Union as q State" observed
Republican who hasbecn member OF Congress aud
also held an important territorial Federal oflce,
"and think the movement will he commenced
early In the coming winter. The hindrancc hitherto
has been the ambitions OF local politicians In the
north and south divisions OF that Territory. They
tried to TX II so that two states Instead OF ono would
be created out OF Dakota and that would give four
new United states Scholarships TO he disposed OF.
Dakota has population sunlclent TO warrant hor
admission now. AsaStatci II would give IFS two new
Republican Senators, and enable us TO hold the bal
ancc OF power In the Senate, even II Virginia should
go against us. That's why am for Its coming In.
might as well tell You that II were n Democrat |
should oppose II TO the uttermos.r "wiat, even
II the population justified it9' asked the writer.
"Yes; political expedlency wonld control In fact,
Dakota Ia really better OF as Territory than she
Will be rs q State. Now, the United States pays
nearly all the expenses OF government you see, II
she were state she would have to pay her own cx-
penses, Just as the others do. I really Doubt II the
people generally are very anxious TO come Into the
Union only to promote very few AMI have taxation
Increased. But the politicians are not thinking OF
this They are too dazzed by the vision of Senator
ships, almost within their reach, to see anything
else."
Ponderlng over what my Republican friend had
said, met leading Western Ohio Democrat and
asked him how the party was likely to stand on the
admission OF Dakota. "That is q very pertinent
question Just now" he replied, "and was talking
TO Senator Beck about 1t last week. lie was out
there this fa and, as he has interests In that
Territory, Ii perhaps well Informed concerning 1t
as any one. lie saysthe territory is growing wonder
fully, and will soon have to be admitted into the
Union. But he tells me there Is very considerable
rivalry between North and South Dakota, which
may have an Important bearing on political matters
In future. Local issues might enable the Democrats
to control the politics of the southern half where
there Ia very fair Democratic proportion among
the voters. He seems 10 think the railroad land
question may exercise no uncomfortable influence
In the affairs OF this Territory, for great deal of the
very best land OF that region was granted to the
Northern Pacific and Its collateral branches, and
even now there is good deal OF growing among
farmers over what they call tho unfair conduct Of
the Immigrant railroads toward settlers on the
lands these companies got from the Government for
absolutely nothing. don't understand the points OF
difference, and 30 am not able to say who Is right.
think It very probable that the law OF the case In
with the companies and the equity with the settler.
One reason why many intelligent men would like 10
have Dakota admitted to the Union is that the State
government might take some of these very things In
hand and apply remedy. A State Legislature can
always do more than that OF q Territory, and
nowhere Is there stronger feeling against corpora
tons by individuals than In the windswep praIres
OF the far North"
"Do you believe the question of political expedl-
ency will have anything to do with the admission OF
this Territory" was asked. "When has this ever
failed to exercise some influence 2" the ready
answer 81 know even now that the Republicans
are saying to their friends that Dakota's admission
will compensate for the loss OF Virginia. which they
now conce1e. Mr.. Sherman talks about the Inc
quality OF representation North and South. II he
knows anything, he In fully aware that the six New
England States have twelve Senators, where the
same number Of people In Ohio and Indiana and
Illinois only have six. Or does he know that In the
one Of these States that is scarcely big enough for
cabbage garden the real worklngmen are absolutely
dlsfranchised? Mr.. Sherman must know this of
course. and yet he keeps up his absurd row about
the Acknowledgement OF the southern negro,
when the Northern white man In Rhode Island-the
most Republican of all The States In the Unlon-is
continued on In his condition because Rhode Island
Republicans Will not allow constitutional amend
ment reineying this condition OF affairs to pass"
"What do you propose as a remedy for all tnis?"I
| asked. ''Make Democratic ascendancy certain In
the Senate There Ia Tennessee. II IL certainly big
enough for two States-IEast and West Tennessee.
Let Memphis be the capital OF the new State. Texas
can be made into four States almost Us large New
York. Let this be done. The people themselves
can do 1t, AMI Congress will be obliged To let them
tn 1,l,nu CO.
and eight Democratic Senators. II we need any
more VIC will 'rectlfy the frontier of Mexico, and
make five new States OF tho Union out OF what lies
between the Rio Granie and the Sierra Madre. Mr..
Polk and his Southern friends did Just the same
thing In lSi7, when we got Texas California, Colo
| RADIO, Nevada, Arizona and New Mexico. History
repeats itself sometimes, doesn't it, This repeti-
tion may come sooner than you imagine"
There Ia no better Indication of the commercial
prosperity OF city or section than the condition N
Its financial institutions, and, viewed in this light,
the South Is unqnestionably on the high road TO
prosperity. The city OF New Orleans has seven
national banks and two which are still under their
old State charters. All the national banks last year
except three declared per cent. dividend. or
thosc excepted one gave Its stockholders 10 per
cent, the other Q, and the third which had only been
doing business about five months, was able to pay
4 per cent As showing the activity of the money
MARKET the stock Of the bank that paid 10 Is quoted
$40 bid par being $780, and that which paid per
cent last and the year before sl32 ia asked In
any other city such stocks these would be nearly
200 hut In New Orleans money yields such a Salts
| factory per ccntum In most branches OF business
that these stocks-whe they by no means go beg
glng-are not sought with the eagerness that would
inevitably be shown IN any city North tor such In
u n. dviu mn = int
irregular and risky NOTWITHSTANDING New Orleans
bank presidents than with any similar class OF Imam
cers In America In fact, they thought to be
conservative at times. But the result of their
methods Is that the stockholders are not uneasy,
and dividend day always proves how sklllfully and
sensbly the affairs of the institutions are conducted
The largest dividend paid by any financial con-
Germ in New Orleans Tor, indeed, considering its
magnitude, by any company or Institution North or
South except 0ne) Ia the one the Louisiana Lottery
Company annually declares. Last year Its regular
dividend was 10 per cent, and the year before 1t
was somewhat greater. The stock stands on the
market at $780, par being 500. though but little of
II eau be bought at any price. In ts direction there
two bank presidents and the shares quoted as
regularly as are those Of banks or railways. know
| q gentleman-he Ia perhaps the largest individual
owner Of this secury-who has 1000 shares the par
value Of which 10 100000. Year before last the
dividend was IS per cent, and last year 1t was TO-
besides special dividend, the amount of which
do not know. The dividends OF this gentleman
since 1874 on this stock have been s2O00,OOO con-
Germ like this, administered as II is upon careful
business principles, why what would Its stock not
| be worth per annum In Mexico. where all classes
buy lottery tickets to an extent not dreamed OF
here
| The most valuable dividend-pa stock In
| America Is by long odds that of the Chemical Bank,
In New York. Its capital is not very larges5 900,
think-but Its stock the par value OF which Is 500,
was quoted last Saturday at $1,000 The deposits OF
this bank are very much larger than those OF any
similar institution In this country, and It's business
| is conducted upon the most careful and prudent
system For several wears TIA divdends have ,,een