New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-09-11

stock Of cotton and the great advance. stIn fur
ther advance Is looked for II IS generally under
printers that prices will not be any higher this
held by converters are never verv large and as a
result think that as | have already said, there
will be an active demand.
NETWORK CAPITAL INVESTED.
A member of the firm of Mstrot Brothers. OF No.
81 Broadway. said:
I have not heard from Galveston and so I do
1 Es Sn9" Just how much our arm personally has
been done 40 nOI GOuo' Snat vhe aaage inaJ mas
be among the heavy losers. because besides the
upon dozens OF business houses in which New
tba r, Hoisy Is invested GaIEeston mas been called
dence section is quite handsome containing several
If is true that the tidal Wave '1 eo a4s sGS
aripsG me t9wn the damage can easily be i'm
rom twelve to fifteen BLOCKS and is very closely
too the town Is as fiat as floor There is not
more than four feet difference between the highest
the town for long time Clearing up the debris
will be mere matter of letting the water sub
side and drain of naturally. but il will be ques-
that. Of pumps and the like Four trestie bridges.
eafb more tnan sly MES long connect tns town
have been destroyed. as they would offer only
opposed to them.
The Gulf storms, Of which the Galveston one Is
an example, are always unusually severe at this
time of the year. on August 81. 1856. fourteen
years ago Charleston, s G, was inundated By a
lost in the accompanying earthquake.
buyer. speaking of the storm yesterday. said:
I wonder that anything escaped at all Galveston
IS completely exposed Its splendid beach almost
thirty miles is practically unprotected When all
is told it may be found that the frightful results
OF this storm viii equal those OF the one at Charles
ton
BIG GROWTH AND ENTERPRISE.
". S. Morgan a commercial traveller OF Atlanta
Ga. who is at the Cosmopolitan Hotel. was in
Galveston but a short time before the hurricane
reached the coast In speaking OF the reported
disaster yesterday he said;
Although living now in Atlanta have been so Of
ten In Galveston and that part OF Texas that have
one most there is tho city's tremendous growth
and the great enterprise OF its inhabitants. The
building Of the two jetties-which have been con-
structed seven miles seward one from the end
of the island on which Galveston Is situated and
the other from the point OF land opposite, thus
opening up a deep channel OF nearly thirty
of the people. To be sure, Government funds have
partly met the expense but more than $50. 900
was raised by citizens and the railroads having
with South and Central America has increased
steadily. especially since the Spantsh-Anertcau
war. The dock facilities have been enlarged. par
| portation of Southern fruits Large and handsome
hotels have been built along the southern boun-
Diary. Among them is the Beach Hotel, which
contains thirteen hun5le5 rooms. This part OF the
city is reported to have received the chief brnt OF
I the hurricane and thus the destruction OF the
| hotel district IS more than probable.
One natural profession TO tae city from snen
| side of the island. -
| This beach descends by exceedingly easy gradi-
ents. Accordingly. heavy pillows coming in toward
| shore and lose their force before reaching the
| higher level