St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-03-21
GOSSIP OF THE DAY.

NEARLY all great cities are at the head
of navigation" Judge Egan said yes
terday. Tacoma has the desired adj
vantage in this respect. She has rail-
roads at her back and the promise of
many more to come. The managers of
great commercial enterprises center
here. Here schemes are matured for
the expenditure of large sums of money.
This is the natural commercial center
can see that. although this is my first
visit. You have immense resources.
When the timber is cleared away the
mineral harvest can be reaped, also the
wealth of fertile lands can be gathered
for all time to come. 1t is good coun-
try for young men. this. The chances
of success are great"
~
/. J. Edmundson is another prominent
member of the Ryan party, says the
same paper. He is an EngliShman, but
spends fully half his time in this
country. He has travelled over much
of the country, but this is his first visit
to the Northwest.
IL made the tour of your harbor this
morning." Mr.. Edmunson said yester-
day. 1T is most magnificent harbor.
1t is simply immense. The water is
deep. The largest ocean steamers
would have no difficulty in coming right
up to the wharves and docks. | can
say for the harbor Of Tacoma, that it is
one of the finest [ have ever seen. All
the commerce of this corner Of the
world can be accommodated in such
harbor. This is fine, substantial
young city. l did not think should
find such progressive, busy place on
the Sound.
Referring to the English money mar
ket and the purchase Of American prop
critics by English Syndicates, Mr.. Ed
mundSon said:
"AS rule no stock should be taken
in the talk of the alleged representa-
tiveS of the English Syndicates. only
few purchases of that nature have
been made. Such investments as rule
do not prove satisfactory from a finan-
cial standpoint. unless the properties
handled have been paying 10 per cent
to Is per cent on the capital invested for
period or five years. Under such con-
ditionS the English capitalist invests
property, and leaves the parties in
charge to continue in the management
of the property. 1t appears, however,
that the country is flooded with IRE
sponsble parties-well dressed and of
respectable appearance-who claim to
represent English capitalists and Eng
lish syndicates. transactions should
be made with them until good New
York and London references are
furnished. If they cannot do that
have nothing to do with them. Their
plan is simply to secure OPP
tions On properties and then try
to sell them in London. 1t does proper
ties no good to be hawked about the
country iD search of a purchaser. Then
if sale is effected the fellows who
make the sale deduct their commission.
That is all they want. Those who have
gone into such schemes usually, if not
always, come out of the small end of
the horn. Still you cannot realize how
susceptible are some OF the moneyed men
living in the neighborhood of London.
They will go into almost any scheme.
But London capitalists are careful.
They will not invest without first in
vestigating thoroughly. Whenever the
Bank of England sees that there is too
much speculation it raises the rate of
discount. thereby shutting Off specula-
ton. IN my opinion, the best way for
EngliShmen to invest in this country is
through the bankers. They know their
business.
~
what do you think of mans spend
ing $4,000 week in postage" said
clerk in the stamp department of the
poStoffice to New York World re-
porter. 81 know an advertiser now in
this city whose stamp bill is often that
much. He pays $4,000 office rent for
the quarters in which he carries on his
various businesses, 100. AS soon as he
gets company on it's feet he sells it
out, invents or thinks up new spe-
cialty, or what purports to be one, rigs
up a high-Soundiug name for it and for
the concern which is supposed to manu-
facture and sell. gets a new office and
sends out quite batch of circulars and
advertising books and pamphlets. OF
some of his pamphlets he orders 10000
600 copies. Where does he get a list of
names long enough and reliable enough
to justify such an enormous expendl-
ture for printing and postage? Well,
he owns every city directory and every
blue book. red book and elite book pub
lished in North America. He also owns
hundreds of dozens of old letters, which
he makes a business OF buying up all
over the country, wherever he can get
hold of them, just for the sake of the
names and addresses they contain and
suggest. Does he make money? You
may infer an answer from the fact that
he paid S390,000 for country home at
1slip, LII"
Russell Harrison, while in Cuba re-
Gently, says the Washington Post, was
unWittingly deprived of a dinner pre-
pared in his honor by the manager of
the swell hotel at HaYana. Five people
constituted Mr.. HarriSOn'S party, and an
equal number of WashingtonaIis were
also stopping at the same hotel. One
afternoon the Washington quintet we're
deprived of their interpreter for a few
minutes, and the head waiter of the
hotel, upon being told to bring good
dinner, obeyed these instructions to the
letter. Commencing with oysters,
delicacy~ rarely obtained in Ha-
vana, an excellent Dime was
served until lettuce salad was
ties of Pommery, we'll iced, were added
to the tempting spread. At another
table not far away sat Russell Harrison
and his friends, eating the ordinary
hotel dinner, and appearing utterly OBJ
liviOus of the good things in their neigh
bOrhood. When the interpreter re-
turned to the Washington party he in
formed them that the dinner set before
them was not an ordinary one, and that
a vote Of thanks was due the manage
ment of the hotel. This was promptly
rendered, whereupon the proprietor in
an excited manner declared that mis-
take had been made, and that the extra
dainties had been provided for Mr.. Har-
rison. The latter was compelled to
leave for the United States that after
no on, and consequently no reparation
could be made.
-
Representatives Compton, Of Mary
land, and Breckinridge, of Kentucky,
while lunching together not long ago in
the house restaurant, writes New York
Tribune correspondent INDUCED in an
amusing discussion of Maryland affairs.
Mr.. Breckinridge remarked that one
day while Oh his way to Baltimore to
dine with the Merchants and Manufac-
turers' association, he observed that
when Laurel was reached that nearly
everybody on the tram got off at that
point. He inquired of one of the two
passengers who remained III his car the
name of the station. The latter in
formed him that it was Laurel. and