El Paso daily herald. (El Paso, Tex.) 1881-1901, 1900-01-06

which was followed by an elaborate
vaudeville entertainment. Then came
az auction of a number o. stuffed fig
ures representing bulls, bears and
lam symbols of the
street. One broker paid $3.50 for a bull
and q bear which will hereafter adorn
his office. The whole affair lasted
three hours.
| The combined efforts of the leading
"yellows," the World and the Journal
have failed to excite any popular con-
de mnation here of Secretary Cages
action in designating the Nationa
City bank as receiver of the internal
revenue receipts that the government
b as thrown into the money market.
The bank gains only prestige; it can
make nothing out of funds that are
mere received one day and handed
out the next to other banks in accor-
dance with the secretary's plan of dis
tribution. And now that MIR. George
as modified his order SO that re-
ceiver will be provided for each states
receipts, the amount that swill pass
through the National City bank will
not be more than $17 ,O0O. 900. The
talk about a ''money trust" and
Secretary Georges connection
Herewith is the cheapest sort
of partizan mouthing. When
ever the governments re-
ceipts exceed it's expenditures, and
money is boarded in the treasury, there
is stringency in the money market
that affects merchants, smsll.snd large,
as we'll as spectators and bankers. If
this scarcity of moreyisonly affected
stock jobbers, it might be as well to
let them suffer, but when legitimate
business is calling for money and the
government. has .this.money lying idle,
there seems to be no good reason. why
it should not be circulated under the
pr>per safeguards and in the most con-
venient manner. Other secretaries,
notably Fairchild and Boutwell,, have
tried the experiment adopted by.Secre-
tary Gage and they were maligned just
as he is being maligned by people who
are interested in the continuance of a
money stringency, by those who.object
to the governments relief of ''money
kings" on general principles, and by
those who hope to make political
capital out of perfectly .Sproper sd-
act.
The retiring sdjutant general of the
N ational Guard of New York has
m ade an important recommendation
that sooner or later will receive proper |
attention from congress. In the opin- |
ion of the officer named, the war
with Spain demonstrated the need of |
an army reserve wholly Independents
Of state control and consisting of one
Or two regiments in the'slargest states
D md regiment or battalion in the
smaller states. This force should be
2 quipped, drilled and commanded by
United States officers. The adjusant
hi nks that the state militia "a it now
* lists should be retained, in part, for
tat e uses, but he says, if ''they are to
,e called out for foreign service,
18th er directly or indirectly, it ia only
air and proper that such conditions
hould be made known, and that they
b ould be organized aud equipped &C
The steady uptown movementof New
Iork ia exemplifed in the action of
he oldest and best of the New York
lubs, the Union, in voting to buy a
tie for a new house at the corner
51st street and Fifth avenue. Vir-
ia lily the whole of New York City
outh of Central Park (59th street) has
cen invaded by business and the resi-
entail center must continue its 'ad-
ance northward.
I learn from a New York merchant
lterested in the flour export trade
lat shippers here are not at all excit- &
over the reported seizures of -four !
? British ships guarding Delagos
ay. There are various reasons for ,
lis. In the first place all the flour 4
as paid for before it was shipped and
lie consignee will have to look to
reat Britain for reimbursement, and /
oreover the ships seized were either
ritish or Dutch. The largest flour
lporter here is j. Y. Sherwood, an :
rent of the Bristol, England, firm of
rthur May & Co. {
.
New York is beginning to take some e
terest in the Pan-American exposi-
On to be held at Buffalo in 1900. The !,
xposition site will cover $50 acres and I
e buildings have been planned on an /
alb orate scale. Artistic effect, how 9
'er, rather than size has been the aim
the architects of.the buildings, and Q
n hvjate nOval DESIGNS the oldest and | Y