The Cairo bulletin., 1907-08-26
METROPOLIS MAY
FACE BIG FINE
OF Sa4.ooo,soo FOR FAILURE TO
! OBSERVE STATE LAWS OF
NEW YORK.
NERVOUS pRoS1RATloN
York News Telearaphers'
Strike Affects City
Slightly


New York. Aug 90 New yorl
may find Itself in worse position
than the Standard Oil ana the $40.
100000 fine Of the latter may BE east
\ into the SADIE by a $i4 100000 penalty
against the city, according to the
statement Of the chairman Of spec,
iial committee OF the Merchants Asso,
lciation which Is working to step the
ipollution Of the Hudson by sewage.
! The chairman of the committee has
| discovered that under law passed
lby the state legislature in 1903 the
Ipenaity for failure to obtain from the
state a permit for the discharge Of
sewage from any public sewer in the
Estate is $500 and $50 for each day the
loffense continues. The act also re-
quired the filing within sixty days If
Ia report on sewers existing at the
time and forbade any increase in thu
Of these sewers without
specific authority from the state APP
parently none Of these provisions
have been complied with and as oyer
COO new sewers have been built BIZ
the city since the adoption of the law,
the Merchants Association figures
that the city is now Liable FOR the
triiing srm Of $I4.fSG.735 Whether
New York's pride in having TIE big
gest of everything would reconcile the
citizens to the payment Of this sum Is
doubtful
Wall Street Nervous.
In spite OF the reiterated assurances
contained in the reports of continued
and increasing prosperity which have
been gathered from all quarters Of the
country and hung before it's gaze day
by day, in spite Of the optimism Of
the interviews given out. by r. H.
Hartman, Judge Gary and other cap.
tains Of industry and high finance,
Wall street refuses TO be comforteJ. 4
IN the street the ticker talks more
loudly ana eioquently than can aayl
hnancier CT politician and the ticker
mas told story Of something like d
billion dollars cut from the value eli
stocks within the past few weeks Not
all of this Is paper loss by any
means, as thousands Of operators who
have been forced to close out lines
hat they had been carrying at from
zen TO forty points below the prices |
1t which they were purchased can |
,estify. After every slump there |
rave been numerous predictions that
he trouble was over but each sue.
'eeding decline has been worse than
he one before and the Roosevelt |
lanie" of August has far outstrippel |
he silent panic" cf March in its
hattering Of prices. In spite of the
quotations which the stock
heets hold before them investors
till decline to scramble for bargains
n railway shares or industrials. The
ituation has been described as a case
4 NERVES" but is more nearly re.
embles nervous prostration so far as
he leaders of speculation are con.
erned.
Strike Has Some Effect.
The telegraphers' strike has served
D show New Workers how rapidly
hey have progressed in the matter
communication. Ten years ago the
of telegraphic communica
ION would have been OF vast ineon-
enience to the city. At the present
me. even IL the strike had been sue
essful TO the point of stopping all
alegrams. the difficulty would have
cen by no means insurmountable.
or many classes of business the tel.
phone has almost supplanted the
and New York Is better sup.
lied with telephones than any other
ity in the world. having twice as
lany as London. When the strike be.
an there was rush to the head.
uarters of the telephone company 20
ecure additional wires. II was found
owever. that at most of.the, ex
hanges it was impossible 10 make
ny considerable extensions on &C
cunt OF the fact that there was net
Dom for the operators Practically
II the big business houses having
ranches in other cities now do their
usiness over the talking wire. Nex
'ork does most of its long,listancs
alking 10 Philadelphia and next TO
hat comes Boston. 100 wires being
equired TO handle the through bust
ess between the two cities. The
act that il IS possible 70 talk from
lew York 10 almost any place IN the
0untry within two thousand miles
.nves only the Pacific Coast and
W. other places that are dependent
pom the telegraph for quick commun-
.stion with the metropolis
Insurance Report.
The insurance reports show that
here have been more disastrous hotel
res in the country during the pres
nt year than within any similar