Weekly journal-miner., 1915-12-29
WILL REACH OUT FOR
 TRADE OF THE WORLD

bankers and merchants of this coun' try are alive to the possibilities that are afforded at the present time to develop American interests in for eign enterprises on larger scale and by different methods than hereto fore employed is revealed by the for nation of corporation in this city with a capitalization of $50,0O0,000. The new company is organized for the purpose of doing an international business and establishing trade re lations with different foreign coun- tries which will make a worldwide market for American products It is proposed to finance and develop great public and private undertakings in foreign countries by American engineers, to assist in financing the rehabilitation of industries in for | eign countries, and to undertake such domestic business as would be ad- vantageous ill connection herewith. The charter also provides that the company may buy and sell all var icties of domestic and foreign secur- ities, and 1t may contract with dom estic and foreign governmental bodies for franchises, concessions, etc. It may also explore for and manage mines, engage in agriculture carry on general merchandise busi- ness in any part of the world, and build and operate hotels, restaurants, shops, parks and places of entertain ment. The directors embrace repre- sentatives of more large corporations than were ever before assembled in one company, and while the company starts with capital of only $50,0O0,- coo, this sum is believed to be sufi- cient to swing a business of from $4OOOOO,OOO to $5OO,OOOOOO a year.
 The hobos coming to New York this winter, intending to be fed and lodged by the charitable institutions oi the city, are doomed to all unwel- come surprise. There will be no Ho- tel de Gink to offer accommodations, such as was in existence last year when the number of men out of em- p,oyment who came to this city from different parts of the country had reached such large proportions that the city authorities turned over d building to them for their use. Offic- ials of various city departments up on whom falls the burden Of taking care of the indigcnt have mapped out campaign which it is believed will tend to keep away the greater num-
 bcr of tramps and vagrants who flock here annually 10. swell the army of unemployed. It is proposed to pick up every tramp on the street and put him at hard manual labor, and to make every vagrant committed to an institution work for his food and shelter. The municipal lodging house has accommodations for 2,5OO homeless men where they can get bed and board and chance at cm- ploymcnt If job is obtained and refused they will be put to work on ~,-oa+r IocI-r ,,J mood ,ordc Tbcre is also need for manual labor at tine Staten Island farm colony, and in cleaning ground and digging the foundations for new buildings al Rickcrs island. While no doubt there arc many who will welcome these op- portunities of existing during the winter, should employment be scarce and the weather severe, it is believed that they will act as a damper to the professional tramp and vagrant.
 The most expensive apartment house in the world is about to be erected in Fifth avenue. Plans and specifications have been drawn, and contract has been awarded for its erection at an estimated cost of s. 5C0000. The site alone represents an investment of $l,40O000 The plans cali for a l2-story structure, one apartment to floor, and each to con sist of from sixteen to twenty rooms and eight baths It is estimated that each apartment will cost between $Z5O,0OO and $300,O00, and will equal typical private dwelling in the Mil lionaires' Row section. The annual rental for single apartment is to be $25OOO to $50O00. It is claimed that !he building when completed, with service and all appointments. will be the most elaborate and luxurious in the world. The new structure will be the only one of its type calling for such high rentals. While other apartments have been held nearly as nigh in some of the exclusive houses, actual rental contracts have shaded the figures very much. Negotiations are already under way for the leasing