Evening star., 1902-01-01

Trust Company. There is no doubt that
the prosperity which prevails throughout
the country will be shared during the year.
as was the case last year, by the people of
ihe District. The demand for loans here
and the influx of foreign money have re-
suited in reduction in the rate of in
terest. In this respect while the profits
OF the financial institutions have decreased
"hen individual or specific transactio are
considered, the expansion in the volume of
business brings up the net earnings The
Necessity Tor enlarging business is gener-
any recognized, and the result of the in
creased employment of money is largely
| In the line of developing the material in
terests of the city 1t may be regarded as
an indication of the development of the
business OF the District that the banking
! te9ources Wnlch are available, and which
nave grown III amount within the past few
years at a rapid rate, are being used in va
rlous local enterprises. 1t is therefore an
parent that while the banking resources of
| me city nave grown, there have also been
additlonal and enlarged demands and needs
ior the profitable use of money
Ihe only matter in the way of great
prosperity, seems to me- is hasty action on
| the part of Congress in passing a nersanai
TAX law DILL l believe such a bill might
be framed which would be beneficial name
~, Dill which would be more in the ma
| ture or a license tax, such as that under
which trust companies of the District Of
Columbia are obliged to pay a percentage
on their gross earnings, but any genera II
law OF an lnquisitorial nature would in nv
opinion react against the District on ac-
count or decreased values which it would
give to real estate" ~
Predicts Better Business
Yes said Mr.. B. H. Warner, president
OF the b. II. warner Company, Il am quite
sure from all the signs that there will be a
much better real estate market during the
next year than We have had since 1893.
There are a larger number Of inquiries and
more confidence prevailing. Washington
VIII grow with astonishing rapidity during
the next decade. The large gift of Mr..
Andrew Carnegie for the establishment here
| OF a school for higher education and in
Festlgation VIII at once draw the attention
OF scholars throughout the world to the
| many advantages of the capital city in an
| educational way and induce the establish
| ment OF other schools and institutions here
We nave now a large number of pri-
Vate institutions of learning, and more will
| be established within the next year. Stu
dents, both male and female are coming
J here from all parts of the country and Sc
| cure not only a good course of instruction
| but also an experience and association with
| the several departments of the government
| that is absolutely unattainable in any other
| city.
THE new apartment houses. with their
| conYeniences, will draw many winter resi-
| dents. who Will pay years rent to get six
| months quarters where they can live with
| small expense and trouble. / think We will
| have half dozen first-class fire-proof
| hotels erected here within five years The
| New Willard is already bringing many peo-
| pie Of wealth who are willing to pay good
| prices for frst-elass living and luxurious
| rooms.
Then, too, our new buildings are being
built In a much more attractive and durable
| manner than heretofore. We are more up ia
4 date along every line, and there is a vast
| amount of wealth represented In the recent
| additions to our population. / need not re-
| fer to the wonderful advantage that will
! accrue from new and improved railroad
| facilities. The social attractions are very
| unusual in their character and extent but
expect to see the day when the intel
| iectual and educational features will far
| outrank them. Mr.. carnegie's gift will be
| followed by others of a like character
| am glad The Star is so earnest In its claims
for the nations capital / intend to apply
| myself more energetieally than ever before
In helping to build up greater Washing
4 ton.
| Improvement I'm All Branches.
| Mr.. isador Saks: THE past year has
been one of the best In the history of local
business. There is every indication that
the coming year win be one of great pros-
perity In all branches Of trade. The rem