Arizona republican., 1907-11-29

let for safe and constant satisfactory returns to the intelligent and prudent investor"
 President Harrison's oratorical state ment made many years ago to the effect that the doors at Castle Garden always swing inward has at last been disproved. These gates are now swinging outward as never before and just about as far as their hinges will let them. As a result of the unset tied business situation thousands and thousands of foreign mine, mill, and factory workers are leaving this coun- try in a rush never before dreamed Of The outpouring which began about three weeks ago has now in creased to flood with the railroads running special trains to bring the homegoing foreigners to this port and the steamship companies taxed far be- yOnd their maximum capacities. One boat this week carried away 32O0 per- sons while steamers taking 1900 or 20J0 foreigners are leaving every week, SithOut a sign of let-up. In the pres ent financial state of affairs a serious phase of this sudden emigration is found in the fact that they are taking with them out of the country nearly S1.0OO,000 daily in hard cash. While these outgoing foreigners come from many parts of the country, the major ity are noticeably from manufacturing centers. the Pittsburg region being perhaps the heaviest contributor. A curious development of the situation fs. i'm, fb ba h.. and second class cabin rates to Europe have been cut, steerage rates are be- ing advanced While the outflow of cash in the hands of these departing foreigners is a disadvantage in the present money situation. it is pointed out by careful observers that their de- parture is on the whole a good thing as ii tends to relieve the labor and industrial situations.
 The leasing of a space 2l by feet. to be used as a cigar stand, at an an- nul rental of $40 per square foot. has not only established a high rent record for New York and consequently the whole world. but has officially located. as it were, the choicest bit of space on earth for business purposes. The plot, hardly as large as a good sized room. which commands an annual rental of S7560. is located in the new Hudson Terminal. where it is esti- mated that more than half a million commuters will pass every day. In spite of this tremendous crowd to draw on for patronage, the enormous rent to be paid for this costliest plot in the world will necessitate business on the part of the little 9 by 21 cigar stand which will occupy it, equal in volume | to that of many d large store. It is estimated by experts that 250.000 two 1 for a quarter cigars, or 625, ,000 five | cent smokes. will have to be disposed | of before any profit can be made, or at ] the rate on the latter basis of 2.000 l cigars daily. High as the rent to be paid in this instance may seem, there are other plots which command amaz- ing prices. Throughout the new sta ' tion the prices of space for booths range from S15 to S3O square foot annually, while stores 20 by 60 feet will bring about SIP square foot in rent als. One ambitious bootblack will pay siO00 annually for a space 10 feet by 8 feet. although this is said to be no
 
 similar purpose fin one of the big life insurance buildings.
 The opening this fall of the eleventh season of the Peoples Institute prom ises to rouse Father knickerbocker more strongly than ever before to many of his crying needs. which. while the city in the past has been dispOsiEs in spendthrift manner of more than half billion dollars annually. have remined unattended 10. With the ap- proval which Governor Hughes has given the work of the Institute it Is rapidly assuming the place of one oi the most effective as well as one ol the most unique organizations of its kind in the world. Graded in the great center of political and social unrest that is New Yorks turbulent East Side it's activities have extended into man, fields resulting through its organized