The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1892-09-23
ghe aieita au gaele gridau ornng September 2s

course, betting on the races is now .
mania Like all men of his kind he Is
absolutely certain to wind up in pow
erty, for it is well-esta blished axiom
in the gambling fraternity that only
the man who keeps the game can even
hope for permanent financial success.
EUROPE NOT sPEcuLATING.
If speculation is stagnant in New
York it is still more so in London and
curial Frenchman, who had rather bet
and ''go broke" than not bet at all, has
taken to hunting for sure things. There
is not now one big French speculative
bubble floating where there were a
dozen ten years ago. London was hit
such terrific blow in its Argentine
speculations that it viii be many DAYS
before it RECEIVERS. There appears to be
but one form Of speculation these days
that has any claim for an Englishman,
and that is horse racing. He is still
blowing" himself against the 'bloody
bookmakers," and, of course, gradually
approaching point where he will lose
the coat off his back. AS plentiful as
money is in England. it is not taking
any chances except among the turf pa
irons. Not SO much of it is coming to
America in the shape of syndicate CAPT.
tai as formerly. The small rate of in
terest which the English capitalist is
obliged to accept almost brings tears to
eyes unused to weeping.
A friend recently returned from a
business trip abroad tells me that
money in London is almost unlendable
at any interest. Bankers with difficulty
restrain themselves from kicking Gus
toners into the street who want any
interest on long time deposits. My friend
cites case where 4 bank has loaned
money at the rate of one-quarter of one
per cent. Those of my readers who
were skeptical regarding statement
in this correspondence that 500, o0O, 900
could be raised in New York in twenty
four hours on any scheme that prom
ised four per cent per annum are in
vited to give some thought to this Lon
don loan. get the impression that if
this opportunity referred to were Of
fered to London it would produce the
money in about fifteen minutes.
OUR STREET RAILWAY SERVICE.
People from the west coming to New |
York are amazed to find the metropolis |
so far behind In the matter of Surface |
railway transportation. While the |
pushing cities of the west are nearly all |
supplied with a cable-car system, we
are just beginning to discard the poor
old car horses for the cable. We have |
one crosstown line in the upper end of |
the city il operation, and for more than
a year our streets have been torn up un-
dergoing the painful process incident to
putting down the cable plant. We are
promised cable cars on Broadway on
New Years day. After seeing the mas
sacre of street-car horses here during
New Yorker who will not gladly well
come the cable car.
Despite the fact that we have spent
nearly four years here declaring war on
overhead electric wires, lot of schem-
ng spectators are trying to introduce
he trolley system, most excellent one
or suburban use, but entirely unfit for
,uch an urban community as ours. The
rue solution of the electric surface rail-
way is an electric underground wire.
MI experiments so far have proven I'M
but l believe that finally
ONE process will be found by which an
lectric cable for motor purposes can be
aid in the ground without the usual in
uction loss of current. When this is
we shall have the ideal
urface railway.
JOUN CorErRYYy