Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-09-20
NEW YORK NOTES.
and Financial Matters Being
Talked About.

Talked About.
TIE TAMMASr AND COUNTY DEMOCRACY PLASs-
THE RECENT SQUEEZE on WALL srnrrr-
FoREIeN MANUFACTURERS coMfSo-A BOON.
From TIE srAn's Special Correspondent
NEw YoRK, Sept Is.
Local politics are beginning to be very brisk
and interesting. Tammany people are show
ing q wish to run Grant again, but it will be Q
risky experiment. The opposition is uniting,
and, OF course. il a sincere coalition 10 made
Tammany has no chance. ] understand that
Mr.. Grace can have the opposition nomination
II he cares TO take il. He is one of the shrewd-
est politicians in the country. He has already
beaten Grant once. and il Is the opinion Of a
good many politicians that he can do so again.
He really aims higher than the mayoralty, but
no might take that as a step to the Senatorship
or the g~overnorship. to which he aspires. He
would get tho support of the County Democ-
racy, OF the Citizens League, and probably OF
the republican machine. Ex-senator Platt is
thoroughly estrangcd from Tammany. because
OF the bad faith which that organization kept
with him in the last legislature. On this ac-
count the longtime secret alliance between the
two machines is broken. and Plat will Join
forces with any good democrat to upset the
Wv VI IL WY IL TtAsklOuS
league, engineered by MIR. Teale, is daily show
ing a greater voting strength. and is beginning
to receive that respect which follows actual
power at the polls.
THE WALL STREET SQUEEZE.
The pinch in money which characterized the
early part Of the week has disappeared under
the liberal policy of the treasurer. No doubt
to some extent the stringency was artificial.
There arc a large number of very respectable
n1H f1Ar. Il. T. H.
THINK 1t no wrong to squeeze their ~neighbors
Tor a lew extra per cent interest. One of the
tokens OF hard times in Wall street is the APP
pearance OF n number Of elegant looking old
gentlemen, who might come down from the
family portraits on the wall SO far as their
venerable and benevolent appearance goes. but
who are very much alive. ana who always put
IN their appearance during a pinch in cash.
lhese shrewd old gentlemen study the market
closely and keep on hand a large amount
good security when 1.-The Street" is
hard up. At times during the week
money has ruled at. from $50 to 200 per
cent a year, and this on first-class security. OF
course II a venerable fnancier can put III a few
days work at these rates it is better than hold
ing government bonds. These stormy petrels
have now gathered up their winnings and left
the street, which is one Of the best auguries
that times are to be easier. The general I'M
derstanding is that Congress will extend the
time In which goods stored in bonded ware
houses before the LIST of August may be taken
out without added duty TO the LIST of February.
This will help matters very much, although the
importers are keeping the cable hot with orders
toDer, ana this may cause another urgent call
Tor money about that time, in which case the
anXieties OF the week may be renewed.
HOME SIDE OF THE CHINESE WALL
Tho news is published this week that Louis
Hermsdorf, the great Saxon dyer, is soon to
visit this country to start q branch establish
ment here. The probable location will be in
Philadelphia. Hermsdorf Is the Krupp OF the
textile world, and this move on his part is Of
as much Importance to all the clothing trades
as the naturalization of the great cannon maker
in this country would be to our military ele-
ment. Hermsdorf's career is one Of the mira
Giles OF this industrial age. The son of a poor
Saxon clergyman, he developed by his own
genius into the leading dyer of the world. His
establishment at ChemnitZ Is NOW one of the
boasts of that great center of the hosiery trade.
while his home is perhaps the most splendid of
any German citizen and rivals most of the pal
aces of Europe. At the same time Mr.. Herms-
dorf retains the charming domestic simplicity
OF the true German. His visit to this
country will be eagerly expected by the
large textile interests and will make
quite. as much OF a stir as the recent settle
ment of Spreckles, the sugar %refiner, in Phila-
delphia. In connection with this movement /
ppCuh Il VIC IcCCut cSIdDllsuW6ut mere
Of a branch dry goods mill connected with the
French firm OF Wysong d Co. The plans con-
template the largest dress goods mill in the
country if not in the world. understand also
that u number of other large French. manu-
facturers are to establish manufacturing plants
in this country to develop their business here.
This movement by foreign capital has been
stimulated in some cases, though / understand
not in the case of Mr.. Hermsdorf, by the new
tariff, as in certain important lines Of goods
1 The hsn ntvaa Hho
vital advantage. Seeing they cannot climb
over the Chinese wall with their manufactured
goods in a pack on their backs, the foreign
capitalists intend to settle down on the home
side Of the wall and be good Americans like the
rest Of US.
NEW YoRK's IMpEnFEcr CENSUS.
From all appearances Superintendent Porter
has really made a pretty bad break with the
census in this city. One can go as far as this
without falling into the absurd clamor that is
raised In some quarters against the accuracy
and the good faith Of the bureau. In the SAM
pie ward taken for review, the error appears to
he 80 per cent, which is too serious a discrep-
ancy to be pooh-poohed away. Moreover the
second census was taken with great care by ex-
perienced men. The weak point in the gov
ernment's case is the fact that its enumeration
was taken to some extent under the auspices of
the republican ward politicians. Mr.. Porter
made u grave mistake by allowing politics to
tuter anu Fltlate the Omclal STATISTICS by re.
questing the cooperation of these hack poll
ticians. The health officers are now going to
tackle som Of the other wards, and if the ratio
OF error is anywhere near maintained it will
turn out a very serious business for the bureau.
THE BUSINESS BOOM.
never saw the downtown streets &c blocked
up by goods as they are now. Possibly it may be
that a large amount was kept under cover un-
til after the long-continued rains, but what
ever the reason, the exhibit all along Broad
way and in some of the side streets on Thurs
day has been phenomenal. A veteran in the
dry goods business told me he had never seen
anything like it in his life. People grumble
about the streets being INSTRUCTED, but il means
millions to the city and very few would care to
have the elbow room that would represent
stagnation. / find that 1t is the universal testi-
mony among merchants that there has not
been such a brisk demand from consumers all
over the country in many years. Stocks
have run down in anticipation of changes in
the tariff until the counters and shelves of re-
tail merchants all over tho country are bare
and buyers are fairly fighting for goods. This
is true Of the wholesalers not merely in New
York. but in Boston, Chicago and other great
jobbing centers. Advices from Europe are
that the merchants there cannot find ships
| enough to send goods here. Saturday will be
the last day when shipments can be safely made
to anticipate the new tariff, provided Oc-
tober l stands as the date. The general feeling