The advocate., 1891-03-25
ExCEPrTONAL PROsPERTTY.

Af#HHNANHANNHH-
Ing unfhyOrable noWg from abroad tho ttoch
market thiB Woek has had arm undortOne and
prices have boen WellHnaintained. ThereianO dis
position on the part Of holders " cell stocks and
at tho declines very lttlo stock can bo pur
chased. The market rallies easily and tho most
pronounced bears are gradually coming a
realize that n s easy 10 Iel but dihlcut 10 cover
profit Recent events have shown very plainly
that thero h q growing confidence hero 10 Amer
lean securities. This ID most c0nClualvely proven
by tho met that offerings from London and Che
continent have bean absorbed since the Barring
troubles without any serious decline In prices
Th0Fo arc many indications chat the attention Of
foreign investors has been attracted by this fact,
and thcrc u a gTOOiNg bsyief that Of all 6iUtlizcd
countries AmoTtOd ts tls most prosperous. The
securities that have been sold by foreign invog
tOrs during tho past three mOnths were bought
by them az much higher prices 80 that the puT'
ehAsos here represent In the aggregate a large
prOht-JNWnGl Of Finance
What kind Of a conception must
people have of the condition Of this
country who base their estimates Of
our prosperity upon the operations
OF the stock exchanged Let these
''fnanCiers" take Q short stroll but q
few blocks from Wall street. out
among the tenement houses OF the
city Of New York and SEQ the Condi-
tiOn OF those who perform the labor
OF che great metropolis and then tell
Us some Of the conditions Of prosper
ity that they discover in that quarter.
Jacob A. RiiS, in his new book en-
titled 'CHow Che Other Half Lives"
conveys something of an idea OF the
prosperity Of America. We give a
Few extracts and suggest to our read
erB a more extended acquaintance
with the book He says:
Every once In while a case Of downright star.
walton gets into tho newspapers and makes
aonsatiOn But thls ls tho exception. Were Che
whole truth known, Il would come home 70 The
community with q shock that would rouse IL 10 q
more serious effort than the spAmnOdlC undo
ing Of lts purse strings, / am satisfied from my
own observation chat hundreds OF men, women
and children are every day slowly starving q
death IN tho t8nementS, with my medical friends
complaint Of ''impTOper nOuTishment," Within
ElnRlo week have had thls year three cases Oi
insanity, provoked directly by poverty apd want
Here is another:
Tony mind there Ia o closer connection be
tween Ghe aUagos OF the tenomontB and the vice.
and impEOVdOnee OF those who dwell In then
than, With the gtilt Of tho tenementS upon OuI
headS We arc willing 70 admit even 70 ourselves
Weak tea with q dry crust Is not diet 10 nuTs'
moral strength. Yet how much better might thC
fare be expected 10 be In tho 0famiy Of this widow
with seven children, ''voEy energetic and pru'
dent"--I quote fron tho report Of the Society FOL
the improvement OF the Condition Of the Poor
whose 'eldO0t gifl was employed 90 learner IN
q tallOr's shop at small wages, and who's
boy Waa employed as cash In Gt0rA Th0rC
were twO other little boys who sold papers and
sometimes eaTROd dollar. The mother Rniahe'
pantalOORs and can do three pairs In day, thu
earning 90 Cent& Here iB family OF eight per
sons with rent to pay and an income Of u
q week"
Y6t she was beeteE on In point Of pay than thli
sixth street EnOthoF who rhad just brought home
four pairs OF pants 70 finish az cents pair;
bettOr on than the "ChuTCh going mother
oG Elk ChlldFOn, and with husband sick unit
aOAtA, who 20 support tho family made shirts
averaging en- income Of Sl.2O week, while heI
oldest glrl, aged 10, was employed down town
cutting Ous Hamburg 0dgipgs Nt 8i.OO a week
am cents per hour Cox ten hours steady labor
making q total income Of the family S2.7O pei
week. ..