Evening star., 1929-10-06

In the revival Of business which fol-
lowed the serious financial depression
r;u., cA In this country in the
Livery STOCK early seventies Of the
Speculation. last century there was
gradual and, so
years ago. a rapid increase in specula-
ton in stocks. The New York stock
concern was felt, as attested by the fol-
lowing in The Star of October !, 1879:
THE growth of the speculative move
ment in stocks and certain classes of
bonds has been so extraordinary that
thoughtful observers begin to look upon
1t with some uneasiness. The events Of
the year have all helped the situation
and now at the beginning of the tenth
month the craze is SO fully developed
that all sorts Of stocks, those which are
unknown and those known to be worth
Specie resumption; the refunding of 5
and per cent bonds into per cents
the large crops in this country and de-
ficient harvests throughout Europe are
among the favorable events which have
fostered the speculative craze The
vast demand upon this country for food
supply has had marked effect in keep
ing up the speculative boom; though the
speculative frenzy has reason for It's ex-
AotCA2SC &lo t1IOuAh t11CLC ID
apparent at this moment to warrant
the opinion of its early abatement, 1t is
well, in the belief of New York financial
authorities, for purchasers who pay for
what they buy not to count upon the
present food tide holding many years"
y X
The following letter printed in The
Star OF october 2, 1879 shows that the
w. waste water, which recently
WAGER has been the subject of
Meet. discussion in the District,
"oSte' was a half century ago a
matter of concern to consumers:
1T appears from Col. Casey's report
for the past year that on the oath of
June the quantity of water passing into
the mains from the reservoir was
increasing. This report gives the dis
charge for each 3 hours of the "a, be-
ginning at s am The figures are about
1922, 900 to 3,486, 900 gallons in each 3
hours except after midnight. From
midnight to am. the quantity passing
into the pipes was 2,624,92S gallons; IONS
From am. to am. 1t was SITE, ,249
gallons. Probably the least consump-.
ton was in the hours between am.
and 4 am. At that time most people
are asleep and there is the least actual
use OF water. But IL we take this least
uSe as shown by Col. CaSey'S interest
ing experiment, at 875, 900 gallons per
hour we find that at time when no
man in the whole city needed water the
pipes were drawing from the reservoir
and discharging in town 875, 900 gallons
per hour, which was the rate of 21,-
900 900 gallons per day. The whole de-
livery, use and waste on that gath OF
June was 1884, ,642 gallons.
"At the time of most active domestic
use from am. to 8 am. and from II
m. to pm, 1t was at the hourly rate
of 1852, 900 gallons, which Is daily
rate Of 27,8eS,00 gallons. Deduct from
this the rate of discharge when nobody
Is uSefully using water, 81 ,000, 600 gallons
per day, and we find the probable USE
ful consumption to be 1000 900 gallons
per day, So gallons head for each Of
the 10000 people.
Where does the 100000 gallons a
day thus apparently wasted so far as
relates to human use 60 to? Does 1t not
escape through some open leak or un-
closed stopcock into the river? 1t would
be well to examine the sewers and
gauge their discharge between l am.
and am. and thus ascertain whether
this waste is universal all over the city.
II this be the case 1t will be possible to
trace It to its source and to put stop
to the waste. All the fountains which
run at night should be gauged. BY this
means something can be learned Of the
actual useful consumption Of the water,
something of the wanton and unneces-
sary waste, and something of the. exist
ence Of undiscovered leaks"