Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-11-22

II
YoRK-A PAINFUL POLITICAL srRISoEScr-
TRADE As NEUTRALITY-SUSPICIOUS. PAL
ACES IMPROVING DisRsPUTABLE LOCALITIES
Special Correspondence Of THE EvrS1xa srAa.
| NV YORK, NOVEMBER 90
| n OR some years we New Workers have been
| IESregaled with fairy stories about the Ar
lH genuine Republic. We have been in
III ~ formed with rather brutal frankness that
our boosted superiority to our South
American neighbor was good sample OF Yam
kee self-conceit So intelligent and SO fair
| minded man as ". E. Curtis told me and was
accustomed to tell his many friends that in
banks, clubs, business palaces and other signs
| of a strong civilization We could scarcely match
| these enterprising neighbors Well the end
seems to have come TO this brilliant bubble
and We are nowadays, in common with tho
| strongest houses in London and in fact the
world at large, paying up for these elegaucies.
1t was Thackery who told us how man could
live quite dazzlingly on nothing q year and a
| country can do the same for awhile. BIZ; there
somehow comes a reckoning in most cases.
/ For years the more prudent of British capt.
talists have been selling their United States SCI
curities in order 10 obtain the cash with which
| to meet the crisis which their foresight antici-
pated. The effect of this judicious policy on
their part has been to load down Wall street
below the line of either safety or comfort and
| is the true explanation Of the memorable dull
| ness which has reigaed there for the past two
or three wears IN spite OF the very healthy con-
| dition of trade in this country. That being the
| case We are less overwhelmed by the shock
| when II comes. One trembles 10 think what
might have happened If the troubles in the
| Argentine Republic had come suddenly. and
! that too. on the heels of the frightful col
| lapse OF the Panama canal, of itself one of tho
most e1hausting specuiations of this or any
| age.
PAINFUL POLITICAL sr2ISaEScY, TOO.
| The politicians seem to be about as much 1T
sea as the financiers. Tho democrats do not
know what to do with their victory and the re-
| publicans certainly do not know what to do with
| their defeat In vague way and, as il were,
| by default Blaine and Cleveland are rather
| taken for granted as the men of destiny for 1892
| At the same time, just as the failure of any old
| and respectable house would not now astonish
| TIE street, SO the abandonment of either OF
| Doth OF these Champions would call forth
| scarcely more than a shrug. In the narrower
held of local politics there is state of chaos
| and despair. For the moment Tammany
Is supreme, and what that is taken to mean can
be Illustrated by an incident which came under
| the observation of a friend of mine a day or
| TWO ago. he was crossing town in a 59th street
| car when the II bernian driver of a brick cart
dumped his entire load on the track in front of
| the advancing car. For twenty minutes the car
| had to wait, while the irate Passengers ex-
pectng every moment to start, expressed their
| feelings in torcible language inside, while a
| lively dialogue went on outside between the
| conductor and the cart driver.
"Ahr' said the latter, with triumphant
| grim youse can't help yourselves? We can
| do what we loike now, 1ammany's all roightr"
need only add that in the same spirit Of
peaceful oblivion of public opinion the author
tiles have laid aside all color and pretence of
| cleaning the streets and that these thorough
| fares now resemble the mud geysers of the
/ Yellowstone rather than the public highways
| Of o civilized metropolis
TRADE As REFoRMER.
However, We are improving In spite Of it.
self the city is plunging ahead in its material
growth with majesty that is most impressive
| to any observer. Thus within the past four
| years, and really within the past two years. a
mighty revolution has taken place in the char
acter and value of property west of broadway
| and just south Of Washington Square This
| section of the city after having had its dav of
| fashion and then Of dingy and decayed re-
| speciality sank to the very depths of infamv
| The tumbie-down residences of the four hum
| dred Of our fathers became the haunt of
| the Viiest OF all nations and both sexes. But
by one OF those sudden and mysterious move
| ments OF real estate one great million-dollar
palace OF trade after another has suddenly been
| erected until the district has now become the
| center of the great read y-made clothing houses
of the city. The change can be described TO
Washingt ION reader by saying il is much as If
| the recent boom which has struck street had
| chosen or ID south of the avenue instead and
transformed that section into a collection of
| eight and ten-story granite and iron structures
| occupied by the leading clothiers of the city.
| SPEEDING TRACK on THE HUDSON.
1t was the recipe of the conviviaI Tom Moore
to lengthen our days by stealing a while from
| the night. and in the same way New York is
" Qrnla lr-x 1
Jacent rivers. The latest scheme Is to take
| slice about $50 feet wide right off OF the Hud-
| son river for mile and half along the River
side front, from I'D to 9Sth street, for the pur-
| pose of entarging the roadway, making a river
walk, and, most important of all, q speeding
| track for the owners OF fast horses. At present
these favored gentlemen are obliged to go far
into the suburbs TO get clear track. Many and
desperate have been their efforts to appropriate
| a part of Central Park for their favorite plea
sure, but thus far they have been baked in this
effort, and hence they now are turning TO the
lovely water font, convenient of access
along the North river. meeting of
gentlemen interested in this scheme
| was held on Wednesday and the preliminary
steps were taken to carry out their designs
Mayor Grant is personally much interested as
he is himself the owner and lover of many
fine horses, and he was present at the meet ting
The improvement would probably cost S4.-
0OO,OCO and certainly would be great gain to
| the attractions of what is already one of the
| most charming features of Manhattan Island
the riverside Drive and Park. Ii is a question
however, whether the New York Central will
permit this encroachlGent on its almost price
less franchise. At present the Hudson River
tracks run right along the waters edge from
Both street up. The new drive would hem il
in and spoil certain plans of its own to extend
down into the river with sidngs and other
paraphernalia of the great railroad corpora
ton.
MONEY MOB IN THE BowERY.
There has been a real old-fashioned run on
the savings bank today, under conditions that
would have been humorous were thev not so
pathetic. Some one started a report that the
Citizens Savings Bank, at Canal street and the
Bowery. was shaky. This institution is mainly
supported by the thousands of poor and ignor-
ant Polish Jews On the East Side The rumor
flew as last as bad news ever did and today
the bank WAS the center of bowling, s:ruC-
Cling mob. which looked like the worst DAVIS of
the Paris commune. Men and women charged
the bank like wild animals. The police could
do very little beyond keeping the crowd from
tearing the bank literally to pieces and carry
inn off the very bricks and stones. Among in
telligent people there was no excitement as
the bank is known to be perfectly solvent, but
it was idle to argue with the frightened and in
furiated Gepositors.
JAY KNOCKS DOWN THE PERsIMMoy
As one item of the financial pinch of the
week, Jay Gould has laid his caressing hand on
Pacific Mail 1t is also more than rumorea
that he has captured two more large railroad
corporations, having taken advantage of the
I'll GALL 4fr nnah