Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-11-14
EVERYBODY Affected
Hard Times Have Actually
Begun in New York.
PARKSISM SCOTC HE'D
PATTI WILL NOT FAREWELL"
AT NATIONAL CAPITAL.
Sad Case of an Old Foreign Actress
Got $4,000 Out of
Benefit.
PARKSISM SCOTCHED

spccial Correspondence of The Evening star
NEW YORK. November Ii. 1903.
The fact that hard times have actually
begun in New York does not mean much to
the rest of the country..~T The causes under
lying the hard times here are purely local.
New York is now the leading speculative
town of the world Perhaps five times as
many people have been bitten here owing
to the recent slump due to watered stocks
as in all the rest of the country put to-
Eether.
The bitten ones of course, have gone to
cover financially They nave sewed up
their depleted wallets, and retrenchment
is the word with them. Their example is
being followed by tens of thousands of
others. who, though not actually nipped
themselves in the squeeze. have taken
warning from the lesson and called a halt
upon extravaganza. The recklessness of
New Workers of the moneyed class is only
seeming recklessness.
They the very first in all the country
to become stampeded when the hard times
wall is started. At the first breath of that
calamity moan they begin to hedge and
cover. The purveyors of Injuries in this
town would almost rather have the founda-
tons of their establishments weakened and
warped by subway explosions than to hear
of even a minor Wall street panic. They
know by experience how even a protracte
bear market cuts down their receipts.
The great jewelers., for example are
mourning over the fact that their receipts
during the past three months have been
less than one-half what their receipts were
during the corresponding months of 1902
After reading the list of presents purchased
for the Roxburghe- Goelet wedding you may
find Ii difficult to believe this
a =
vestment in jewelry would keep the gem
dealers on the top crest of prosperity's
wave for several years to come Yet the
jewelers. have the decreased figures 10 show
me New York jewelers. are always the
hrst to feel the burden of an uncertain
stock market
When the jewelers. are smiling the stock
manipulation operating big bull move feels
conndent, and some of the greatest oper-
ators give shrewd attention to the state of
the gem trade for the purpose of getting
an inner line on the state of the money
market"
Receipts Cut in Twain.
The fancy restaurants immediately fool
the icy breath when the variable Winds
Characteristic of hard times in New York
set in. You do not have to bespeak a table
two days in advance at the restaurant
where club sandwiches are 81 apiece nova
days. The restaurateurs declare that their
receipts have been cut in two. compared to
last year and the year before. since the he
ginning of fall
The wine agents look chapfallen, and one
OF them, Tor years past one of the highest
of all the high-roIlers of New York had n
disposal sale of his stable of automobiles
the other day. He sold six of his imported
machines at sacrifice figures IT was very
sad so 1t was. There wasn't a dry eve at
the sale. No. nor a dry throat The wine
agent, game in adversely. was liberal in
"openin wine while the sale was in prog
reSS.
In all New York there are Just three
shows that are getting the money" and
even ii L these three theaters there has been
no occasion as yet for the exhibition of the
standing room only sign. As natural
consequence-oh jOy-the theater ticket
spectators are starving to death or going
to work
Several of the most prominent stars" Of
the profession have already CLOSED their
seasons and announced their deternina-
ton to take a rest" not a few of them
prostratOn to fit the Abandonment of their
'seasons' and thus let themselves down
lightly. Those that are sticking it out are.
almost as a rule, gyrating in front of long
rows Of empty seats.
In connection with this. it is Interesting
not to say pleasing, to state that the 81 10
per-se2t theaters are the worst sufferers.
At one theIter. where the management ha c
had the wisdom to scale its seat prices to
the fifty and Seventy-fiVe-cent figure with
q dollar the limit for the best seats they
are standing EN- on their heads" to use
the expressive nIrasa NJ tha 49, 80, ~ u''S
What Parksism Has Done.
The town. too. has got il botb e,,le rro,,,
Tho ,,,ii.31 =, az. g., - nv ~
" ''i'S HiS mere. Inc STOCK
9tdlhl'eue' OF course, dld not affect the arti-
san ana labOring classes cXcept Indirect
" but sam Par,,sis,, cu1,,i,,+ir 80 :.
ala j., tl,. ,,,..,,,,,.. III 80 - as l.
80 ' 7i'"''S' Slime III IN" oulIdlnS
this country. has brought literaIIy tens Of lf
thousands OF men, skilled and other who
-. q" 'l'i NJ, M I'ilIuS 10 q clsmai state OF
Parksisn has baar ta,,rora.iI,. ,,,o.o,,o,
by the sending away of the leader of the
iabor Srt1ters. but the labor employers
i.,l'e or no CohHdehce either In the
mil tberseIvas 70 he 20, IN ~ no per
the Parks stamp. and il is freely predicted
that years will elapse before New York
again reaches the state of building pros
perity that il had attained before the meth