The times. [volume] (Washington [D.C.]) 1897-1901, 1901-01-01

/
Josef Kaspar, musical dreetor1 OF tn
Choral Socie,y: Music in the New Yea
Will make remarkable progress Gin thi
country, and before long Americans viii
become the musicians of the world. AM
Washington the music capital, both of tn
New and the Oh. Every citizen in tn,
United States of the next generation will
understand something about music. so tina
all will appreciate its pleasures and beau
ties. This Will be the result of the pres
ent growing custom of teaching music il
the public schools, of giving the people
! free concerts, and of the wealth. OF the
country. which makes the acquisition Of
the best things musical a comparatively
easy matter. l think it will end in the
| United States Government establishing
| national music conservatory
John n. Parsons. of the Knights of La
Dor: 81 should like to see the eight-hour
day established in this New Year in every
city and hamlet of the United States.
| should like to see a President elected by
the laborirg people and public ownership
| Of all public utilities, telegraphs. tele-
phones, expressages. railways. etc.
also hope to see higher order of Chris
tiani;y among working people"
In the Financial world.
C. ]. Bell. President of the American
I Security and Trust Company: Il look for
! ward to the new year with big optimism
/ Everything in the business situation
points to the best year the city has had
+ for many years. The city reflects the re-
mainder of the country, and the country
/ is beginning an era of immense prosper
ity. l believe that there will be a fine
Z revival in realty values early in the
! spring. Already rents are stiffening up
/ perceptibly and this is always the frs;
move in real estate boom. There should
be large increase in the population OF
the Capital City in 1901, and the new peo-
pie will be of the most desirable class OF
residents"
Clarence F. Norment, President of the
Central National Bank: The hearts of
Americans were never so filled with good
will toward man and charity for all No
man need be hungry or without employ
ment. The new year will witness even
greater national felicity"
w. b. Hibbs, broker, President of the
Washington Stock Exchange: II can see
nothing except wonderful business year
| ahead of the United States, with prosper
ity for every class. The outlook for Wall
Street is for a continuance of the upward
movement in prices to far higher level
tnan the present one. 1t seems to me
that this should be clearer to anyone who
ditions at present. The country has more
money than ever before. 1t has large
credit balances in every country in the
world for the first time in its history. II
the great business activity should at any
time cause temporary tightening of
money rates u: New York millions could
be Drawn from Europe quickly. The South
is more prosperous than ever before. 1t
is obtaining top prices for its immense
cotton crop, prices double those of two
years ago. The West. with big crops of
corn and wheat and high prices for both,
is full of prosperity. The people that
were borrowing money a few years ago
and paying and 10 per cent interest for
ii are now lending money in New York.
AS for the stock market outlook money is
so cheap that Government bonds are vir-
tually on "a per cent basis, and the
Dig investment interests are being forced
TO buy railway securities in order to live
1t is no longer possible for a man with
expensive tastes to retire with one or two
millions of dollars invested in Government
bonds. This investment demand will car
ry the prices :. the gilt edged railway Sc
curities to a 3 1-2 ard per cent basis"
L. B. CottreIl, broker: The outlook
for Washington in a business way is OK
cellent for the coming year. | believe
that the revival, long delayed in real
estate is to arrive this spring look for
much buying of suburban property first,
and for a reflection OF this actisity IN the
city proper later in the year.. The plenty
OF money for investment comes at a time
when the suburbs of the District are only
just arriving at their perfection as resi-
dence localities. There viii be the people
with the money who will wish to buy
homes and to make investments. ami they
will find this spring A complete system of
rapid-transit all over the suburbs. which
viii add so per cent to the value OF every
lot which was before two or three hours
away from downtown"
L. d. Fowler, broker: Il believe that
the year 1901 viii be golden one in rail-
way history, and in the increases in value
of railway securities. During the past
five years or more of hard times the rail
ways. and the industrial concerns as we'll,
have been learning to economic in way
that would have been considered impossi-
Bile ten years ago. They nave been cut
ting down the cost of transportation u
and % ana 80 per cent. They have cut
into general Office expenses millions Of
dollars. They have learned how business
can be done at the very minimum of cost
with the best results. The fruits of this
lesson of economy are wonderful already.
as business reyives. The railways are
earning more money than they ever did
before. Next year the results Will be still
more startling. The great railway fnan-
ciers fully appreciate this situation, and
the public does not as yet The big inter
ests have been absorbing securities from
the public all the past summer and au-
tumn. Now they will wait for them to
advance in price. This advance has only
just begun. OF course. there will come
time when the insiders will sell out Be
fore the end of 1901 probably the public
will own the corporations of the country
more entirely and wholly ti.an they ever
did before. But they will pay for them
much bigger than the present prices
W. B. Gurley: The city will have
a happy New Year l believe. Everything
points that way. The business situation
is rosy in the extreme. From the in
vestor's point of view, people are now alb
sorbed in stocks and bonds. and some of
the local securities have already shown
great buoyancy Later in the year it will
be thought by many that prices in securi- |
ties have advanced far enough, and they |
will turn their attention TO real estate |
Washington will follow New York in this !
respect. 1t is said that Wall Street peo-
pie are buying an immense amount of real !
estate with their profits from STOCK SPEC |
ulations and investments"
THE CENTRAL LABOR UNION.