Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1899-02-07
INTERESTING Talk.
0. I Cromwell Yields Himself TO
a Citizen Pencil PuSher.
He Does Not Believe With Bryan,
Altgeld and others
That the " Poor Are Getting Poorer and
the Rich Richer"
SANTA re RAILWAY IMPROVEMENTS.

called upon o. Il. Cromwell with the
intention OF a~scertaining his views on
the present and prospective condition OF
the country In general and Albuquei que
Ia particular. Mir. Cromwell sutstan-
TALLY said as follows:
'The conditions surrounding this
country are such ~ have never before
existed In its history. We have had
abundant crops which have been mar.
keted at very Temunergtiye prices, and
for the past four or five years our people
have been forced 10 exercise the most
rigid economy. This has been praciiced,
not only la the household, but also in all
branches OF business. As a result vi
have an enormous trade balance in our
favor, and an immense sun owing to
this country from abroad.
1T IL said that New York IL lending
money In Europe. a condition that never
before existed, and which Is due to the
fact that rates OF interest OH call loana
are slightly lower In New York than In
some places on the other side OF the
water.
The economies practiced In manu-
featuring have resulted In our ability ia
export many articles which before had u
be consumed ut home. IL has also
caused a diminution OF profits, the re-
suits OF which Is manifested by the large
combinations Of manufacturing estab
lishments into trusts for the purpose Of
still further reducing expenses.
"No, do not think these trusts result
In an increase Of prices, except In u few
Instances, for the managers know too
well that such u course would speedily
cause competition. During the last presi
Dental campaign Messrs. Bryan, AlIgelt
and others often stated that the 'p0ol
were getting poorer and the rich richer.
Just where the dividing line should b'
dawn between the rich and poor, the!
do not state, but assuming that the poo
are those who have no investments IL
property OF any sort. and the rich thos'
who have, II seems TO me the contrary |.
tbs case, for the wage Garner or ltb0rini
man gets about the same rate Of waseI
a. before, and his wooden and cotton ma
~tarials, rent, furniture, etc, are lower ii
price, while those who have money "a
interest, are forced TO accept lover 70
turns than ever known In this coun
try. Whether these rates will continue
1t Is difficult to say; but at present Their
Ia no indication Of a change. Thus 4
appears 10 mo that the rich are becoming
poorer and the poor richer.
The better condition OF the laborlDI
people IL certainly u matter for congratu
lstion. but the lower rate OF interes
works great hardship with many who's
capitol is small. and whose means O
living have been reduced. This IL par
ticularly the case with women an,
minors whose only means OF support |
derived from this source.
"As to Albuquerque, from all | Col
/, gather In talking with our merchaL I
; and others, | should say that our condi
ton was fully one hundred per cen
better than 1t was three or four year
ago. The Santa Fe Railway compan
have greatly enlarged their shops at thi
point during the past two years, aud
understand 1t is the plan and policy O
that COMPANY to make the Albuquerqn
shops one OF the largest and most CON
plete on the system. am also informe
that this company have in contempla
ton the erection OF a very handsOm
depot building at this place, a very niue
needed improvement. 1t will probabl
, be something on the plan OF the one r.
|. Gently finished at Las Vegas. This viii
> probably be started within the year.
"As natural sequence OF the yer
prosperous conditions prevailing all owe
, the country, and which | think have Onl
Just begun, there will soon ensue a pc
Rod of railroad building. There ha
been very little, hardly any. OF this 70
the past ten or fifteen years. and in tn
meantime the country has been CROWN
and the conditions are quite similar I
those that preceded the great railroa
: building era that prevailed when Ii
AtchlaOn, Topeka " Santa Fe and A
lsntic X Pacific roads were built,
1T seem to me almost a certainty thu
some OF the projected lines will resc
this point. for il stands TO reason that u
railway can traverse this neighborhOC
without touching 80 important u tow
rs Albuquerque has become.
, Then, again, the Developments in II
Cochiti mining district would iHdicai
that this will become one OF the greI
: camps of the west, and capital will 500
dow into 1t, and Albuquerque must ref
= great benefit from the improved eond
tions which must soon prevail there.
Last, but not least, the people OF A
y buquerque hayea feeling of confidence
the future, and | hear no more the dI
J heartened and discouraged citizen, vi
. has for many weary years been luggiI
. his load OF real estate or a business tn
< did not pay. The wave OF prosperity tn
) is surging over the east csnnOt be loI
in arriving here, and | look forward
o many years n such prosperous times
/, we have never kIoNn before
Hanan Shoes, T3D0
II No, not all OF them, but All our brOkl