The Washington times., 1906-08-19

most important thing for manufacturers
and JObbers 70 remember In this gov
ernmental city Of 109. 600 there are no re-
tail merchants. no jObbeTs, no commits
sion merchants, TO manufacturers.
These 10000 persons have 10 eat they
have 10 have clothes. and they viii buy
cigars and other Of the minor luxuries.
The retail merchant Is secure IN his
dealings because he knows that moth
ing short Of the downfall Of the Ameri-
can republic can deprive the clerk OF
his bi-weezIy wage. The JObber IS per
fectly secure. because he knows that
the retailer is sure Of MS money. AID
the position Of the manufacturer is OBJ
ViOUs
In fact, Il Is this governmental class
upon which the National Capital de-
pends entirely. The rest of US are
merely catering 10 those 10000. They
must have stores in which 70 buy and
places IN which 70 five. They must
nave newspapers and ice cream sOdas.
The remaining 2lS.U0 persons In wash
lngJOu are busy attending 10 rhe wants
OF the Government employees. and as
long as they are busy attending 70 the
wants of the Government employees, and
as long as they are sure OF their money.
we are reasonably sure OF ours.
The word should be sent out 70 the
manufacturers all over the country. ana
TO the jObbers that IL they will locate
In washington they NAV not only watcn
the revolving Of the wheels of the Ma
tionaI Goyernment-which may or may
not be attraCtive-but that the wheels
Of their factories and their delivery
wagons viii never have 20 stop on ac-
count OF financial depression or aDDr
differences. that there is today an ab-
solute and assured paid wage of 10000
600 annually. which. because or Its Sc
curity. makes assured the hnancial sta
bllity OF the National Capital This II
ii 60 narH - in q y
should be placed in the hands OF every
manufacturer and Jobber and every
prospective manufacturer and jobber IN
these United States
The City's Progress.
That Washington has gone sreadffy
ahead I'm a business sense, despite its
neglected opportunities and the relative
indifference of the business community.
is amply demonstrated by a comparison
Of the banking statistics for June with
those OF the same month ten years ago
In June 1895, the total deposits Of the
Washington banks and trust companies,
with the exception of Riggs K Co, then
a private institution. were about Hlb,Uuy,-
600 the total loans and discounts about
Sl4 600 600 and the total resources about
S26. .100, 600. In June, 1906. the total de-
pOslts were $50 OJ0 600 the total loans and
discounts Sl3. 400 000 and the total re-
sources SIS, ,30J, ,0CU-
In ten years the resources Of these
great institutions have increased 2o9 per
cent The resources Of the sayinss
banks Of the city, amounting 10 S5.o5l-
90 approximately, would make the total
banking resources OF Washington in the
neighbOrhood Of SS3. 900. In few
years they will have touched the $780,
900 600 mark.
These figures show there IS an abun-
dance of money here IN the city 70
finance large business enterprises, with
out any necessity of applying 10 outside
capitalists. The banks are anxious 20
employ their surplus indeed, this IS
their selfish interest in the present
movement They can supply easily All
the money that can possibly be needed