Evening star., 1901-07-05
~ :sza4
Banks to Scan Co4aserakM More Closely
in Future,
BRYAN'S FOLLOWERS ARE LOYAL
nj q
Abandonment of Pneumatic Tube
a Backwaid Step.
GAMBLING BEGUN AGAIN
Special Correspondence Of The Evening Star.

Special Correspondence Of The Evening Star.
NEW YORK, July 4, 1901.
Since the troubles of the Seventh National
Bank began one two of the leading
banks have thought it prudent to scan a
little more carefully not only the collateral,
but the standing of stock exchange bor-
rowers. The fve-point houses - that is,
firms which do business with their custom
ers on per cent margin-have been
given some consideration of late. There |
are several stock exchange firms Of excel |
lent standing which do business for GUS
toners on small margins, and, while these
are not likely to come under the ban Of
suspicion, yet even some of them may find
that the future pathway to the lending de- |
partments Of one or two big banks may not |
be one of roses. An officer of one of the |
most powerful of the downtown banks said
that there is tendency to inquire into the |
business methods of some of the brokerage |
houses. A firm had the right to do as 1t
pleased so long as 1t obeyed the stock ex-
change rules.
There were, however some firms which |
did a speculative business in what might |
be termed too speculative way to suit |
the banks, and the banks, being the Gus
todian of funds, had perhaps more right |
than anybody else to pass judgment upon |
the business methods of borrowers. Re |
cent developments clearly showed that |
there was an absence of prudence and eau |
tlon on the part of banks here and else |
Where. The same authority added: Il |
thnk the time will come when the banks |
Will insist upon more responsible business. |
The fve-point houses do a good business |
and many of them are as safe as those |
who exact a twenty-point limit. but the |
desire to get rich quickly Is often the |
cause of financial collapse. The desire of |
some of the big banks to look with dis
favor upon applications from small specu- |
latlve firms has driven number Of them |
to the smaller banks"
Bryan's Adherents
William Jennings Bryan is making golden !
dollars while the sun shines He is under |
engagement for series of lectures before |
the Chautauqua assemblies this summer, |
but he intends to get few weeks to him
self to spend at Block Island, where his |
personal friend, DR.. J. Fl. Girdner, has a |
summer cottage But while Bryan is rak-
ing in the golden shekels-not to mention
his receiving golden crown from Lii, the |
Hawaiian Eula-hula dancer in the Midway !
of the Pan-American exhibition, few days |
ago-the extreme hot weather appears to
have turned the heads of some of Bryans
Jealous devotees in this city. The Chicago |
platform democrats in this city, and opin-
ions differ as to whether there are 1000 or
10000 Of them, have taken on a renewal of |
their political loyalty to the Nebraskan |
since he came to town. They have had |
conference and decided that they will not |
support any democrat for mayor, which,
ever ticket he may be nominated. who has
not been known as a loyal Bryan and Chi |
cago platform democrat IN national politics. |
If 1t should so happen that both the Tam
many ticket and the anti-Tammany ticket |
should have pronounced gold democrat at |
its head, it may develop. they say, that a |
third mayoralty ticket will be placed In the |
field, to represent Bryan's political tenets.
If this should come to pass many Tammany |
SulZer
would be placed in an embarrassing posi- |
ton. Loyalty to Bryantsm on the one hand |
and steadfastness to Richard Croker and /
his leadership in Tammany Hall then would |
present two horns of dilemma to them.
Backward Step in Postal Service.
Had the electric cars In Broadway been |
withdrawn and horse cars put In their |
places the retrogresson would have been |
about on a par with the backward step |
taken in the postal service Of this great |
city. The tubular system OF transmitting |
mall matter to and from different points in |
Manhattan and between Manhattan and |
Brooklyn was abandoned ana the horse ana |
wagon and foot messenger were substitute |
ed. 1t was a return to the methods of |
twenty years ago, and at a tl,ne when man |
and beast were suffering from the most !
pitiless and enervating heat known In thirty |
years.
From the general post office to station H. |
44th street and Lexington avenue, there has |
been in operation since the system was in |
troduced several years ago the main trunk |
line, with intermediate stations at sth |
street and 3D. avenue, 2Sth street and I'd |
avenue and 23d street and Madison avenue. |
The average time required to send a par |
eel Of mail matter by tube was seven min |
utes By horse and wagon on cool day |
and at a time when the streets are con- |
gested with traffic the trip cannot be made |
in less than twenty-five minutes. On these |
hot days it would kill or founder the |
strongest horse to be driven that distance |
II, fI,,o min None Ia
tractors would attempt It, AS a conse- |
quence it becomes necessary to close the |
malls an hour earlier than under the old |
system, or else miss the mail trains at the |
Grand Central station. What the delay will |
be in the delivery Of letters to and from
Brooklyn Is yet to be learned. The |
trips day, many Of them at hours when |
the bridge is jammed with vehicles and |
progress is like the crawling of snail.
Why Amateurs Go to England.
1t is not at all unlikely that there will |
be an investigation made into the causes !
which have led so many Of the prominent |
amateur athletes Of this country to go |
across the ocean this summer to compete |
in England Among those who have gone !
abroad are Duffy. kraenzlein, Baxter and |
Long, three Of them record-holders and
all Of them former American champions. |
1t has been known for at least six months !
that the American championship meeting |
would be held in Buffalo this year, but |
not one of this quartet will compete there.
But it is strong hinted by those who
ought to know that they might have been
taking expense money is ,n3thing against
their amateur standing It does not look
well for amateur sport; !, The question that
is naturally being asked everywhere is.
man many who ~H has has raced race il Ensiand win an;
swer w without much difiesltY In IN ENGLAND ENGLAND
very valuable prizes are enersd; al IN EnEiand In %
# Is known to a great many that certain
prominent English amateur champions In |