Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-01-02
$40 HEAL CHE
COSTS GOTHAM
TWO MILLION
WELCOME TO NEW YEAR
PROVES RECORD BREAKER
Americans Discover They are
Using Foodstufs Grown by
African Slaves Where Col
lege Education Doesn't Pay,

lege Education Doesn't Pay,
Especial correspondence 20 Morning JoDrnaIl
New York, Dec. 3i-The most cx-
pcnsive holiday IN the year-as Now
York celebrates it's New Years. or
rather Now Years eve. While a.
greater outlay probably is represented
by the presont- giving custom that at
tends christmas. the outlay for luxur-
ious entertainment on New Years eve
exceeds that for any week Of the year
under ordinary circumstances. Father
Knickcrhockor has developed customs
lail his own for ushcring in Zach new
twelve-month and in the greeting cx-
tended to 1910 all previous records for
iavishness of display and expenditure
have been %cciipsod. The rapid ex-
pansion Of business during the past
three months has satisfied New York
crs finally that the lone-heralded era
of prosperity was really at hand and
booked for an indefinite stay. Con-
scqucntlv they decided TO celebrate It's
advent by tho method that always
seems 10 appeal most strongly to citi-
gems ~ the m"tropoIis--that of spend
ing money The popular dining places
in which all the tables usually arc
engaged . week or ten days before
New Years reported this season that
everything was taken two weeks ahead
of The usual time-nnd his in spite of
the great increase In accommodations
duo to tho opening of new hotels and
restaurants n the extension Of Older
ones. During tho past Few days from
$500 to $500 has been offered for sim
gle tables IN places known for the brill
liancy 81 their gathcrings-and with
Ioui eiici,ihA al4s offers. An idea OF
the size or The crowd clamoring for an
opportunity to spend It's money may
be gathered from the fact that the
Hotel Astnr entertained between 5000
and 6.000 persons a. the height of the
celebration. Next 80 the Astor came
the Waldorf Astoria and the Plaza,
tho two together entertaining about
an equal number Of guests. Following
these came the almost limitiess line Of
smaller and less famous places. each
collecting it's share Of tile golden haf-
vest. 4 conservative estimate places
he total number of persons dining IN
public here on New Years eve at l0O,-
600 and their expenditure az close to
TWO million dollers. the largest single
item being for champagne which is
the only bcveraee recognized on the
Great White Way on his occasion.
-
Turning 10 = more sober feature Of
tie reflections that suggest themselves
al New Year. IL is agreed among the
kaat-..z 81 buqtn4Ae and financial nu-
thorities shat not IN many years has
the country faced an outlook as rosy
rs hat which is before it with the
beginning of ialo Even In 1906
which. ever inc the panic. has been
looked back upon rs q banner year
for business. there were danger signs
upon the horizon which were extreme
Is disquleting TO conservative authori-
tics ana which led them 10 set about
safeguarding their Investments rather
han 10 making new ONES. At the
present time there are no such draw
backs Ia view Business in every line
is proceeding under "a full head Of
steam The railroads are working To
are increased monthly orders for {
new equipment ms being placed daily
= $50 fNAA"At NA AAFaf 1890
lays behind others In it's recovery {
from 20 period Of depression Is embar- {
rassed hv inability TO obtain the ma Z
ierials with which 10 tin its orders !
Prices of farm products rule high-in
lines higher than ever before +
and this high level promises to be r
maintained Most significant of all 4
perhaps tho trade in articles Of lux s
0ry. OF which New York Is the center, 3
which fen Off to a fraction Of its pre- I
vious extent from the TAN OF 1897 TO {
summer OF 1909. has reeeined all 5
lbs lost ground and has gone on TO
Tie establishment ~ now nigh records T
ca result OF the heavy purchases OF ii
.mp.rt4tiena the balance of trade is If
fsmnorsriiv uEaiusi H- bui this F. 81 /,
-enaitian likely t. De remtdied soon 81
th. resumption of foreirn invest o.
ia American securities Alto 1,
there Us every indication that b
.hc Old and time-yvorn wish Of !,
and prosperous Nea Year is +,
,ne that Uncle sam viii find coming I.
rate as 1910 progresses. |.
- 4
Thai the people of the United states I,
. HH nHaH LH"IH rnannHhl nj 1908 mcUIl -