The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-12-27
EDITORIAL NOTES.

4uc itHiarkdUic Sf0Wtu Oh business IN IiuS-
trated by IA resume Of the Clearing house stalls.
ties in The american Banker. There are 40
cities whose clearing house reports are compared
In weekly tables, New York as The financial cen
ter reporting for the year ending November 30th
transactions amounting TO 37.6o3 millions OF
dollars out of a total Of 60,27S millions for the
whole country. The clea ring houses Of the East,
Boston. Philadelphia, Piltsburg. Baltimore and
Washington, report transactions amounting 10
10,4S4 millions, while those OF the West, Chi
eago. ST. Louis, Cincinnati, Cleveland, New
Orleans, San Francisco and eight other
cities. present total Of 1884 millions
To these may be added the aggregate of 2355
millions liquidated by twenly-nine smaller clear
ing-house centers, the grand aggregate reaching
6o,27S millions. against $500 millions for
1889 and 49, As millions for 1888. These facts
demonstrate n steady Increase in the business
transactions Of the nation. What an immense
amount these figures represent. What mount.
ain OF gold or silver 1t would take to make the
transfer In n lump sum. Take Tor instance
4 million OF gold weighing 36S5S pounds, 4 truck
load and then make up wagon-lrain Of 6o,278
of them. million of silver weighs So 929. 8
pounds, and II would take pretty big freight
car TO contain ii. Then imagine how many en-
gines 1t would take 10 haul 6o.27S millions.
Some significant statistics on the naval strength
OF European forces were recently laid before the
French Chamber OF Deputies. AT the tel nina
ton OF the war Of '70-'71 France had 4O5 war
vessels, and has since expended 100000 900
on her navy. The members Of the Triple ALI
ance had 100 war vessels and have siuce ex-
pended S700, 100000 According 10 the differ
ent programmes, In 1895 Britain is certain Of
having 402 seaworthy war vessels, the Triple
Alliance $50 and France 299. OF great armored
battle-ships England will possess 80, the Triple
Alliance 80 and France 20. OF smaller armored
battle-Shps England will have Is. the Triple Al
lance % and France %. OF armored cruisers OF
tho first class The figures are: England 81, Triple
Alliance IS, France IL, and of the second class
England 81 the Triple Alliance II and France
3. In 1895 II is calculated that the ripple ALI
ance will have SO large and 372 small torpedo
boats, against Englaud's Al and l sc and rance's
10 and 1877. respectively.
What an important effect the National In
dian Congress at Calcutta is likely to have
upon that Eastern empire The speak
ers profess pacific aims, admit that the
people are not yet ripe for representa-
tive institutions, but maintain that the elective
principle ought to be adopted in nominations TO
the Indian Council. While many believe the
tendency of British government in India 4. In
the direction of safe concessions of native home
rule. the natural policy would be TO defer that
event as far possible. Scotland and Ireland
are likely to long enjoy the privilege of home
rule before the concession Is made TO India. Ii
IOpuidllOH VI lluld ana BuTlnaU, something
like 100000. were permitted 10 enjoy the
privileges OF a national Parliament, they might
KICK over the traces, refuse needed grants OF
money and strongly object TO the disallowance
OF some act not in harmony with the policy OF
the Imperial Government.
The toasIing OF the latent alliance between
France and Russia at recent banquet given by
the Off GERS of the ST. Petersburg garrison to
MaisslD. the French military engineer who SUPER
Intended the erection Of factories for the making
Of smokeless powder, caused some discontinue
In certain European circles, particularly as 1t
was coupled with the announcement That the war
party was again in the ascendant at the Russian
Court, that the Gar is being constantly urged to
strike a decisive blow and that such advice is
more likely to be needed on account of misrepre-
sentations, desiguedly made, on the efficiency OF
the forces of the Triple Alliance. II is no longer
a military secret that Russia has continued the
concentration OF troops on the western frontier,
TWO divisions having been transferred from the
Caucasus TO The Austrian boundary.
Congressman Timan OF South Carolina dur
ing the debate on the Apportionment Bill argued
In favor of increasing the membership OF the
House TO 600, claiming that the districts are
now too large TO permit member TO have fire.
side acquaintance with his constituents. But
what bear-garden such House would be- and
what job the Speaker would have TO enforce
the rules in such large assembly. To rivet the
attention of the members and galleries a man
would have 10 be the possessor of extraordinary
lungs ana unusually bright attachments.
The next steamer to the Sandwich Islands
may carry a ray Of hope to the unfortunates of
Molokai for cablegram from Madrid announces
that two persons suffering from letrosy who
were inoculated with some of Professor Koch's
wonderful lymph are reported TO be apparently
rapidly improving.