Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-10-01
norNp Arorr Nrw roRk.
RippIes on the Current OF Life In tbs
Metropolis.

tide. A correspondent Of the philadelphia
Ledger reports that the great lending In
stitutlons OF the metropolis "sre almost
unitedly taking the position that real estate
speculation and building IL being overdone
and are closing their Golfers against big
and small operators. Many builders and
spectators are wondering how il Is going
TO end. Some are painfully aware that so
far as they are concerned a continuation
OF existing conditions SPELLS ruin. This, Of
course. applies particularly to builders,
though operators are correspondingly at
feoted. The scarcity Of money, with the
inability to secure permanent loans, has
already become a serious matter to both
of them, for even the large loan operators
are dependent ultimately on the money
lending institutions. e.
The folly OF recent oyer-production OF
tenements Is now clearly seen, for unqucs-
tionably II IL the tenement situation that
has upset the market OF the SOL, 000, 900
laid out on now construction this year in
Manhattan about 90 has been for
tenement building. Last year there was
similar reckless campaign of tenement con-
struction In Manhattan, the Bronx and
Brooklyn. In these three boroughs the
supply is now far ahead OF the demand
1t is this that makes the existing money
oNNlh6VuCy u ItA iltnttCSs COnSlFuNlipu
Manhattan for the month OF August
reached its lowest point for the year. The
number of buildings planned was slightly
above that for February or July, but tho
amount fell about s1,OOoOo0 below that for
February and about s3,00o00o below that
for July. These were the two lowest
months, with the exception OF August.
None OF the great and new hotels, and
| especially none Of those characterized by
splendor of furnishings and presumably by
high prices, has been In any financial en-
barrassment. All of them have made
money and some OF them have in the
course of a few years brought fortunes to
their owners and lessees. One of the lofty
steel and iron constructed hotels In the
vicinity of Central park was able to re-
port to the company which owns and
| controlssit a net profit for the first year
after its opening of 3275.O00. One of the
other great hotels is understood to have
netted nearly $4,000 In a single year
Another one of the hotels which must be
listed among the new, although in the
swift modern development It should be
named among the older of the new hotels
in New York. made in some six years a
fortune in excess of 100000 for its les
see and manager.
These superbly constructed. gigantic hotel
buildings Of New York, appointed with
every luxury and convenience, receive
their chief support from those who have
gained prosperity in the west and south.
although. OF course, New England and the
middle states furnish some portion OF the
custom. 1t was estimated by an expert
that at no time in these days are there
less than 10000 sojourners, travellers In
New York City. and at certain seasons of
the year there are as many as 10000.
A few years ago a German carpenter
was visited by land agent and induced
TO buy four lots in an outlying borough
on the installment plan. the terms being at
the rate OF s. per month, the price of
each lot $50, and the total cost $500. One
Sunday afternoon he went to look at his
purchase and was Informed that the out
look for a rise in value seemed propitious,
as syndicate had bought large tract of
land in the neighborhood with the inten-
ton of laying out a race track. He found
that one section OF the tract adjoined his
$50-lots. A few days later the syndicates
representative came TO him with a PROPOSE
ton to buy. During the conversation 1t
developed that II was necessary to have
tn6 lOIb lot opening u StTtcL IOr All ell
trance to the track. See-sawing between
the two men kept up, the syndicate's anx-
iety to possess those lots increased every
hour. and still the carpenter was upper
suaded. A week or so later the agent
called again. He submitted his ultimatum--
S. 900 cash. The offer was accepted. The
carpenter was in $780, more money than
he had ever hoped to get together in a
lifetime, so he left the city and bought
farm In Massachusetts.
1t is an oft-repeated remark that New
York is a many sided city, but II certainly
is a true one. Travellers along Broadway
one day last week were edited by the
sight of a great crate on wheels. loaded
with half-a-dozen dun-colored steers roll
ing their eyes In wonder al the strange
sights and sounds. Although they did not
look very confding. they made no attempt
to escape, which caused many a hurrying
business man to draw a breath of relief,
for the bars were of decidedly unsubstan-
tial nature. Cattle are often transported
across town in this way. in small num-
bers, but It Is first necessary to secure
permit from the city authorities.
New Yorks environs were formerly noted
for their country girls, but now the rustic
maiden with the bashful smile and pro-
vlncial ways has passed. The girl OF the
rural districts of Manhattan has carefully
studied the summer boarder and patterned
after her garb. So now, even II the
farmers daughter does go in for the milk
ing and churning, she Il pretty sure to
have a frock like those in the fashion
papers and one Of the omnipresent strings
Of beads which have encircled lingerie
necks this summer. She does" her hair
In q pompadOur and has long gloves that
reach TO the elbow for Sunday wear or a
trolley ride. The passing OF the country
girl is fast becoming a recognized fact.
Blame II on the motor car. For visitors
in their 10 horsepower. or their go horse
power. etc, etc, are constantly flying
through these districts, which only a few
invaded a couple of decades ago. OF
course, she feels the effect of having the
town overrun the country and learns all
the latest wrinkles OF which her city cou-
sins once had the monopoly. OF course.
many regret the Maud Mullers of our ira
ditions. but they don't see what they can
do about H..
ReviviRE River Navigation.
Chicago Tribune.
An expansion OF river transportation
would greatly beneft the public In two