The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1913-05-11
Cairo's Tide Now at Lowest Stage
Will Turn and Flow Back in
Bigger Volume.
IMMEDIATE PROSPECTS GOOD
Confidence Strong in Future Great
ness--Starting Of Work on
Levee System Only Point.

There is tide that ehbs and
flows in the affairs of q city as we'll
as in the lives of men.
Cairo's tide, to be truthful aud
lstraightforward is at its very lowest
ebb at present there are three or
four desirable business houses va
cant and many low priced rented
residences, the population has ap-
preciably decreased during the past
two years. principally mring the
past two months and the many ia-
dustrial establishments are running
short handed, while some are not
operating their plants at all-these
manufacturing interests are patient
ly awaiting Developments in pros
pective levee building.
The financial condition OF Cairo il
nothing to boast of, cash is scarce.
but bankruptcy does not enter into
the complexion of affairs. It's
credit is good and at par, because OF
the great resources 1t possesses. The
lefty meets promptly all its obliga-
| tions and it knows where to get the
next square meal"
Its bonds are eagerly sought after
| In the market and the latest A y per
cent issue. which will be issued in,
July, were undcrwritten long aga
without solicitation by local fnaR-
Iciai institution and which no doubt
would have heen done BIZ either oi
the other two, II desired. This issue
Twin bring 4 handsome premium.
This is the worst side OF condi-
tions at present prevailing IN Cairo
-the tide has gone out
| Here il where the tide viii fi0w
in, stronger and greater than ever
before known in the history Of
Cairo.
Confidence atill exists in the
stability and future greatness of
CairoZit is at fever height.
The business interests of Cairo.
Wholesale and retail. are plugging
along just the same as of old. No
fiaring. glaring signs of forced sales
emblazon the fronts of any mercan-
| tile establishment
Street and sidewalk improvements
are going on,
There is approximately s4,5a0,o00
cash on deposit in the three Cairo
banks and money is dead easy. prime
mercantile paper meeting with the
same treatment always accorded
eligible borrowers and at a rate
lower than can be obtained any
iwhere in the country
Realty is still held at a stiff figure,
no one endeavoring, to dispose of
holdings at frienzfed saerificial
prices.
There is reason for all this and
ii can be easily found
The succession OF high waters for
two years had the effect of lessening
the demand for rental property of all
kinds, but the water has had no ap-
preciahle effect on building opera
tions, the class of structures erected
during the past two years exceeding
| all that ever before have been
erected.
The levees will be raised at cost
of anywhere from 100000 to ST.
900. already s64S.000 having
been pyramided for the purpose or
strengthening and elevating the
levee systems of the City of Cairo
and the Drainage District to 81 feet
on the government guage With
the additional S250.000 state appro-
priatlon. which will no doubt pass
both houses of the legislature before
! the end OF the week with the sigma
ture Of Governor Dunno attached.
means another boost to the height of
the leyee at Cairo.
The Drainage District assessment
was not opposed in the county court
yesterday and this s347,7SS Will be
formally approved Monday, the
whole making Ss4s.00 Immediate
|ly available Advertisements for
bids in constructing the levees will
be inserted In the papers and the
work started within another month
and pushed to completion.
This s64s,e0O will be principally
expended for labor, and naturally
the bulk of ii spent for living ex-
penses in Cairo
Coincident with the starting OF
the work OF raising the leyees. will
be iaangurated the entire rehabili-
tation of and enlarging of all the In
dustriaI plants In the Drainage Dis
|trict and in Cairo. letters to this ef-
feet having been received from the
heads Of these establishments.
This will create an unprecedented