The morning call., 1892-11-02

political parties fn city effairS. that even a
respectable minority Of people should adj
here 10 the so-called Republican party on
the one hand or TO the so-called Democratic
party on the other. The former party Is
now VIGOROUSLY boss-ridden and corrupt.
and even If il is true that the Democratic
party is not now so ruled, il was until lately
wholly and most corruptly in the possession
oil Buckley. We have no confidence that
either party can throw off the shackles of
the raseals who have usurped its name and
rule only to plunder. Surely. then, when
large representation of men from both par
ties unite in non-psrtisanship 10 nominate
good men TO office they should not only be
fully supported. but thanked for inaugural
ing such a movement, particularly when
they have pledged themselves to ask no
Office or favor of any of their nominees, ii
elected. The majority at least OF the men
who inauguraEed this movement are among
our very best citizens, both as to character.
position and means. They look for their
reward In lower taxes, which are now OUT
rageously high. and better local government,
which Is now and long has been ruled from
the slums. No boss mere or elsewhere ever
hailed from any other quarter, or ruled the
party whose name he stole ana QSgraceu
with any other aids than thieves, keepers OF
dive whisky mills, shouldeT-strlkers, ioaieIS
and JailblTds. The comm unity that lalis 10
unite In RbOiishing such villainy deserves
not only to be piundered, but to be treated
with contempt for Its cowardee.
Real Estate and Cheap Money.
There is one strong reason for men in
business owning real estate in preference 10
any other security. This reason is that, IN
time OF monetary striDgeney, the prop
erty-owner can always borrow money from
our savings banks at / to per cent year
less than the rates current at commercial
banks. Indeed, in time of great stTingeney,
money cannot be had at all at the latter
banks, because they have not got II, while
IL is always TO be had at the savings banks
on real estate. Practically, the latter only
lend on that security.
German Savings Banks New Building.
The solid and substantial yet plain new
bank building of the German Savings and
Loan Society will be finished in about thirty
days. The front of the building is of gran
lite, and the interior woodwork and desks
are OF mahogany. In addition 90 the light
received from front and rear, the bank
premises will receive light and sun from the
roof. Mr.. G0ttg. the president OF tie bank,
was lmmured in the old building Ia room
10 the rear. into which sun never and light
but very family entered. His room Will
now be warm and sunny. kitchen and
dluing-room have been placed IN the base
ment of the new building, where the officials
OF the bank will be provided with lunch
free of charge. They can thus partake of
that meal without leaving the building. II
is calculated that the saving of time thus
effected will equal the salary of two clerks.
The new bank building is a credit to the
city. The deposits Of this bank now amount
to S29, 100000.
The Nicaragua Canal.
The vast importance Of the proposed
Nicaragua canal from a commercial stand
point deserves far more attention FROM the
people OF the United States than il has yet
received. If the work is TO be done, the
DltpI AfQfPS foreign
come forward and indOrSe the bonds. A
160O-tOn vessel is now a very small one. yet
even such a vessel, sailing from say Port
Townsend for Boston by the Nicaragua
canal. instead Of by Cape Horn, would save
106OO miles. This saving is eQuva-
lent TO more than eighty-three days in time.
The sum OF SIS would be a low estimate of
a 16OO-tOn vessels daily expenses. This
Includes wages, provisions and wear and
tear on sails. tackle, hull epars. Interest
and insurance, an actual saving of So null
tiplied by So. This gives q result Of S6225
saved by the use OF the canal, and in addl-
ton to this saving there is also insurance
and interest on the cargo. These would
aggregate $40 per day or 5000 more, making
total OF $500. Subtracting from this
amount the proposed toll to be charged by
the canal, s. 80 per ton for 160O tons or
$1,000 in all, leaves the net saving OF $500.
Similar estimates show that a vessel
sailing from san Francisco to Liverpool
~ oAlh SaNC NtCcV Ol Nub NNldEts when
the difference in distance, running
expenses, depreciation in value Of vessel,
insurance, etc, are taken into account.
The safety of the voyage is materially in
creased, too, while the insurance rates 10
both the merchant aud ship-0WDer ara
greatly reduced. This saving viii again
make sailing vessels profitable property.
For years they have made little Oh no
money, fro ghtS have been 40 low and --n.
nl5s nlent 80 sIheul ( secure Ta8sa rwa
instances merit carefC. attention. manv
more mil lt be given. bat anyone sufficiently
lniere I'd can make numerous comparisons
from tae following table computed 81 he
Ntcaf qua Cana Construction Comuany