Evening star. [volume] (Washington, D.C.) 1854-1972, 1888-10-22

CORRECT statement OF the circulation of The EVEN
A"s SrAx iof the week ending October 20, 1883.
F.B. MOVES,
treasurer Evening star Newspaper co.
sworn 10 and subscribed before me this twenty
sscond DAY Of October. A. D. 1883
JOHN T. C. CLARK,
Notary Public.
one OF the agricultural papers has been taking
sne trouble TO look up the western mortgage
business, ana discovers that more than six hun
uou Ioreciosure suits were begun In a single state
WITHIN period Of six months brought by corpora
uons and private firms which have been selling
neSe western securities to eastern investors; to
say nothing OF what is going on In other states.
indeed, the foreclosure business has become so
DISK that foreclosure companies have actually
oesn formed and put into profitable operation.
fnese concerns buy up foreclosure rights OF course
N goodly discount, take the land from the mort
6ageor, assume the mortgage liabilities them
selves or issue new liens and take their chances
OF selling on foreclosed lands In sufficient guam
ities, from time 10 time, TO meet their Liabilities
and pay dividends to their stock holders.
The handsome proportions 10 which this line Of
trade has swelled must be rather startling to a
good many eastern investors, who cheerfully
fancfed that they were doing fine thing as LONG
as they were drawing six or seven per cent fiat on
bonds issued by companies which got ten or
Twelve per cent for simply reInyesting their
money. They may never suffer any loss, for the
reputable investment companies are scrupulous
about placing loans only where the present and
prospective value OF the property is high enough
TO make the plant safe. But no man, however
wen protected In the main, likes TO feel that a
concern In which he Is interested Is constantly
selling good many OF its assets at a sacrifice.
And, In view OF these things the question may
fairiy De raised why any one should prefer an In
Sestment made a thousand, or fifteen hundred or
two thousand miles away, to one madeiunder the
caves, as IL were, OF his own dwelling? Why
should Washingtontan, for instance, having
money TO invest, prefer laying 1t out In omaha at
six per cent or In Wichita seven, to lending 1t
In this city at the same rates? Is there a charm
In distance In such matters9 II not, let the In
weston ask himself why anybody In a far western
town wants to borrow his money. Surely to build
the town up. II, then, borrowed money helps to
build town up, why should not the Washington
Ian rather put his money into Washington, where
Its service developer Of local interests will be
returned TO him In a valuable form? IL is to his
Interest To build up Washington rather than
Omaha and Wichita; ana every penny he lays out
here brings him two kinds OF pront-the percent
age paid at stated intervals by the borrower and
increase In tue permanent beauty comfort and
wealth OF the city In which he makes his home
There Is something yeryeJrange about the per-
Hstence with which the German government at
eempts TO make IL appear that Prof Geffcken who
published what purpOrted to be the late Emperor
frederick's diary as crown prince had no means
OF getting hold OF the original text. The truth is
that Gencken was the one familiar friend whose
society was sought by Frederick at the university
~ Bonn, and their intimacy continued through
nfe. There probably Is not another living person.
except the younger empress dowager, TO whom he
would have committed the written record OF his
career 80 willingly. Perhaps Gencken may have
made mistake in publishing the diary at this
time, but. 50, 1t is that point that the govern
ment should have attacked him. Indiscretlon In
the choice OF a season for publication does not in
any way invalidate the sincerity Of the matter
published, and IL is odd that Prince Bismarck
should have believed his countrymen dull enough
70 be misled py such logic.
mr. Cleveland Is the candidate of the deroo.
cratic party, and I am a democrat" SAYS Mr.
Hewitt 'The election OF Cleveland and Thurman
q, In my Judgment, paramount TO all other con.
alterations, and the municipal contest dwindes
into insignincance compared with IT." saws Mr.
Grant IL would be OF interest to quote Mr. Coo
gan's sentiments on this general subject II he had
expressed any. The eloquent silence ne maintains
on national Issues Is, however, what furnishes
much OF the spice to the contest in the city and
county OF New York this year.
The suicide OF Colonel Pulsifer OF the BOSTON
Herald Is one OF the most painful events of recent
occurrence In the newspaper world Although a
young man, he had aided In building I'D an i'm.
mensely valuable journalistic enterprise and
became q director OF banks and Insurance com
panies and heavy stakeholder In hotel. railway
steamboat and other corporations some successful
and some decidedly the reverse. He was largely
instrumental In giving Nantasket Beach its pre-
sent Importance as a summer resort and II WAS
due TO his shrewd oversight that the town of
Newton, where he made his home, obtained sys
tenn OF waterworks everywhere regarded as a
model Doubtless the mental worry TO which he
appears TO have fallen a victim was Induced by b,s
having too many irons In the FIRE at once. Tnere
are few men who can manage the affairs OF a gres,
newspaper and ind time and energy for outside
business on an extensive scale without feeling the
eject Of such overtaxation OF strength
When city grows 80 fast that new polling nre-
ducts cannot be erected fast enough 10 accommo
1ate the increase OF registered voters II ia tira
heroic measures were taken for her relief such "a
the case with Kansas City, which has sweilao 40
that there IL a prospect OF several hundred OF
her duly qualined electors being dislranchised
unless something can be done TO expedite the
work OF deposltlng ballots on election day In.
ventors Of . lightning voting apparatus NAV make
sfortune BY following In the track Of the great
Southwestern boom
sixty converts from lifelong democracy To re-
puoncanism and protection, are 10 hold a festival
&C Bath, n Y, to-day. There Will be music. and
speeches and q pole-raislng, and all the Incl
dentals Of great political event The democrats
have thrown cold water on the affair however nv
Investigating the records Of the partakers and dis
covering that the chief among them lert the demo-
cratic party fifteen years ago and that NUMBER
Of the others have sprfnkled their renunciatlons
ell along the Intervening period The convert
business Ii already suspected OF having been a
little overdone both sides In this campaign. and
especially In New YORK state.
One does not realize how huge a city New York
has grown 10 be Till journalist OF the caibre OF
Amos Cummings talks Of starting penny daily
for local circulation In the district which was for
merry Harlem village
sitting Bull knows his value. He says that he
belongs TO the Government OF the United states
and then ne wants 70 be paid for having his por-
Trait taken. He probably thinks that he ought to
command $L25 an acre, like other unproductive
Government property