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Febrnary 17, 1891 Record and Guide. 251 _________./XV/^ -^ FSrfvSLBKED ■^/ivRRpHBl'-^^ 1863, "# ^^"^ .............-.,--.-., Dp/oteD to Rej^L Eswe .(S;;iLcif'c- %afrrECTUi\E,Ho\JseHoldDEGOI^■^o^(, Bi/sin'ess mIdThemes of GE]^En,iiL Uim^'i ■ PRICE, PER YEAR IN ADVANCE, SIX DOLLARS. Pntitished every .Saturitay. TELErno.vK,......Coutl.vndt 1370 Communications sliouUl bo lulelresseJ to C. W. SWEET, 14-lG Vesey Stieet. ./. 7. LINDSEY. Business Manaijer. HitoOKLYN OlTICK, t;7()-l;.Sl.' W.V.Slll.NCiTO.V STHEET, Oi'P. Post Office. "Entered at the Post-office at Xew York, N. Y„ as second-class matter." Vol. LIII. FEBRUARY 17, 189i. No, 1,353 For additional Urooklyn nidtlcr, ,iee Brooklyn Dcpurtincnt iniiiicdiatcly following New Jersey records {page 27(>). TIIE (U'.fi.sioii of the l?iiiliiia(oii and Quincy director.s to inaiu- taiu dividends at the rate of five per eent jter annum ouj;ht to lieli) tliiu.u'.s a good deal. (Jiven that tlicy are aetiuK eon.seien- tiously, aud in the he.st intcre.st.-i of the i)ro])('ity they represent, this ou^ht to mean that tlu-y consider the proini.se for husiness to be better than it lias been, I'ciioits for hist year sliow a h>ss of over two millions of (hillars iu t;ross earuings aud less than four huudifd tliousand dollars in net, whieh is a,n evidence of the exteut to whieh economies in oix-ration have been carried. Tlie auuouueemi'ut of the dividend caused shorts to cover and ran the jirice of stoek up two iind a, qu.aiter i)oiuts, besides benetiehiUy intlueueiufjr the whole market. The liquidation that has beeu seen in so mauy direction.s leeeutl.y, partieidarly in silver and iu wheat ought to imiirovc the situation because the low prices make a new basis ou whieh business may be done, ,iust as it is reported from the dry-.!
r!r),(l(iO,!>0(l larger than in the pre^dous year, due to thc^ efforts of a minister who insisted ou an honest collection. Hitherto the political "pull" has beeu worked iu Spain forthe eva.-iion of taxation with great effect. That it has now become powerless in that respect is jirobably due to the need the government has for mouey, owing to the decline iu custom duties and as a result of tbe conflict in .Morocco, Out of the deep darkness of Russia comes again the cry of the peasant in distress. Taken altogether there is nothing iu the European situatiou for the distressed -Vmericaa to envy, except the way that conceited theorists, who, in and out of jiarliaments, want to play with linancinl and currency laws, are kept in the back¬ ground. THE President's veto has not put .ri stop fo the activit.v of the promoters of the N'ew York and Xew .Tersey Bridge scheme. The old bill has been amended in sundry important particulars, and considerable coniidence is now felt that it will become a law. This ((nilidence is perhaps not nn wai ranted, but it will certaiul.y be dooniedtodisappointment if the.just contentious of the Xew York real estate interests reeeive the slightest consid¬ eration iu Washin.gton. We have expressed an opinion iu these columns more thau ouce that, uuder pieseut conditions, the bridging of the Hudson is a chimerical enterprise. It is impossible to demonstrate by any business ealculatiou that the venture can be a profitable one, and we fraukl.v believe that the desirability of the charter to tlie promoters iuterested iu secur¬ ing it lies not in its actual value but in its pro.spi^ctive value. We have no quarrel, however, with the enterprise upou its com¬ mercial .side. If there are any lioiia fide capitalists v.illiug to invest their mone,^■ in bridging the Hudson for the aecommoda- tion of mythical tralllc we are not concerned in ur.aing them to desist. Our opposition springs entirely from the fact that in pursuing their schemes they are working positive, actual, doUar-and-cent iii.iiiry to a nuinber of Xew York property-liolders. We do not tiiiuk th.at this is just or that Congress ought to permit it. In the first place the location of Ihe Bridge has been fixed at a point where it will produce Ihe greatest waste aud in.jury to property-owners. All but a very small part of the Xew York water front lias been relinquished to commerce and put to coiumereial uses, so that the approaches of the .strncture of the Bridge, etc., could injure it ouly in a very slight degree, if at all. At 70th street, ou the West Side, however, begin.s not only the choicest resi¬ dential section iu the city, Jjut also (in the vicinity) one qf the. xaost'bcautil'ul aud coitly of Xew York paiks.lE It is- right here.
