Please note: this text may be incomplete. For more information about this OCR, view About OCR text.
August 25, 1888
Record and Guide.
â¢r ^ ESTABLISHED'
De/oteS) to I^E^L Estate . BuiLoif/c Appt^iTEcruRE .Household DzQOf^AriotJ.
BiisitJESs AfJo Themes of GeHeraI I|Jtei\est
PRICE, PER YEAR IN ADVANCE, SIX DOLLARS.
Published evei-y Saturday.
TELEPHONE, - . - JOHN 370.
fionimumcatioiis should be addi-essed to
C. W. SWEET, 191 Broadway.
/. T. LINDSEY, Business Manager.
AUGUST 25, 1888.
Now ReadyâThe Index to the Conveyances and Projected
Buildings published in The Record and G-uidb during the first six
months of the current year. The Index ia printed on extra heavy
paper, and, as usual, includes New York and Kings Counties, and
is the most exhaustive ever published. The labor and expense
connected with the ivork has become so formidable that a charge of
Hfty cents is made for this issue, as announced in these cohanns on
January 2lst last. Subscribers requiring copies should send in their
ordei's at ojice.
The markets are all higher ; -wheat is booming on what ie now a
t:ertainty tliat the crop of Western Europe will be a partial failure.
Securities iu the stock market continue strong, European capitalists
being the principal and lieaviest purchasers. It looks as tliough
â we may have a genuine " bull" movement in the fall, but a reacÂ¬
tion of some sort seems now to be in order. We ahall havo a
prosperous tali business for coal, and iron is in demaud, and Jiere
is a promise of the greatest corn crop ever grown in tliis country.
We expect to see a good real estate market later on, but the season
will not open early.
The Republicans of tbe Senate and House have each scored a
black mark of dishonor durin,g the past week. In the House the
Repubhcana have filibustered to force the Democrats to vote upon
the infamous pension bill that would rob the Treasury of
$400,000,000 in addition to the $900,000,000 already appropriated for
pensions. This is a case of pure scouadrelism, but the idea was to
put the Democrats in a hole, as they would not like to offend the
Grand Army of the Republic pending a Presidential election. The
Senate Republicans have rejected the Fishery Treaty, which every
conservative and peaceful interest in the country wished to see inÂ¬
dorsed. The great trade exchanges of the couutry were greatly to
blame in not calling upon Congress to settle this dispute with Great
Britain and the Dominion of Canada. We are not in a condition, as
a nation, to keep these international disputes open. We have, as
yet, no ijavy, and our sea coasts are undefended ; nor will we be in
a position to threaten war for many yeara to come. Auy nation
with a fleet, in a dispute, can humiliate us aa grievously as we
were when forced to surrender Mason and Slidell during the civil
war. Hence we should take all honorable means to preserve the
peace and avoid causes of quarrel until we become something of
a naval power. The rejection of the Fishery Ti-eaty was an act
of pure demagogery.
President Cleveland's message, anent the rejection of tlie FisherÂ¬
ies Treaty, shows pohtical tact and cleverness, but the whole matter
is playing with fire. The interest of this nation is uot to have
trouble with the Dominion : we want to encourage amicable relaÂ¬
tions with the country to the north of us. Some day or other the
Hag of the Union will wave over all North America, The PresiÂ¬
dent's talk about retaliation will tend only to create bad feeUng,
aud may lead to serious complications which would imperil the
peace of the two countries. We cannot afford to play a game of
bluff. We have no naval strength, and six billions of valuable propÂ¬
erty along the sea-coast is absolutely at the mercy of any naval
power; hence we would be forced to " eat the leek " under a tlu'eat
of war. Were there not a Presidential election pending the Senate
would not have rejected the Fisheries I'reaty, nor would President
Cleveland have talked so glibly about retaliation. Neither party to
this quarrel has had any higher motive than a desu-e to -ivin votes.
Boulanger's triumph in France seems to be a puzzle to some of
our editors. They cannot understand why a General, who has
never fought a battle, and a Cabinet officer who has displayed no
gi'eat admitiistrative ability, should be so popular with the Fi'ench
people, particularly after that absurd duel with Floqnet, wliich
ought to have made him a laughing stock. But the fact is, tfae
Fi'euch people are tii'ed to death of parliamentary government. It
is no more suited to them than it is to the Germans, A governmeut
by parliamentarv debaters is consonant to the genius of tbe English
people; but it is ou trial in every country not settled by descendants
of the English race. The government of France, since the estabÂ¬
lishment of the Republic, has been weak. The nation wants a
leader. It never took its true place in the councils of Europe, except
wheu it had a ruler hke Charlemagne, Louis XI., Richeheu, Louis
SrV., or the first and third Napoleons. France, indeed, never had
a gi'eat parliamentary body, except the National Assembly of 1789.
The French people to-day are using Boulanger as a club wherewith
10 beat down the parliamentarians. What next will happen is hard
to say; but a strong government must come in time.
The Congressional inquiry into foreign immigration discloses a
most unbapTjy state of affairs. It will probably result in some legisÂ¬
lation preventing the importation of paupers and criminals, and
make it somewhat more diffioult to contract for laborers abroad.
But we do not look for a radical enactment, excluding any immiÂ¬
grants but the Chinese. Nor is it likely that naturalization will be
made anymore difficult. Our country is not one-third peopled, and
we need the laborers and servants which a large immigration gives
us. The elements do not exist for another native-American party.
That movement was helped very largely by a strong religioas feelÂ¬
ing. The Corrigan-McGlynn controversy showed that the old anti-
Papal feeling ia about dead, so far a.s our active and influential
middle-class is concerned. There is no likelihood of a Know-Noth-
ing resuscitation in our day or generation.
It looks as if an era of liigher prices for almost everything was at
hand. Grain, jirovisions and manufactured products seem destined
to go up in market value. Petroleum, which has been ridiculously
cbcaj) for so many years, is getting into better position, statistically
.and e-^'cry other way. It seems the Russian petroleum flelds do not
now TU'oduce so lavishly; and then the Baku pipe line has
proved to be a failure. Meanwhile our oil is being better
distributed both at home and abroad, while the surplus of
ci-ude petroleum has decreased nearly ten milhon barrels in
one year. Cotton is the only one of our national products which
gives no sign of an especial advance, but then the margin between
production aud consiunjjtion is very narrow, A slight increase in
consumption and it will be found that there is a cotton famine. InÂ¬
deed, our modern machinery for doing business has been ao perÂ¬
fected tbat -we uo longer carry the great surplus stocks whicli were
thought necessary before the era of steam and electricity. This reÂ¬
mark is true of other products besides cotton. The results of human
labor are utilized in a way that would seem incredible fifteen years
"VVliat a din the Democratic papers are making over what Mr.
Blaiue said about " Ti-usts," As a matter of fact bis remarks were
well considered, and were entirely justified. No one would have
objected to tbe position he assumed were there not a Presidential
canvass under way. He stated that many of them were legitimate
organizations, sanctioned by the law, and that they could not be afÂ¬
fected by any action of the State or general governments. He also
said there wore more of them iu free trade England than there were
in this protected country. It ia curious what antagonisms Mr.
Blaine excites even when he e-vidently ti'ies to be temperate and acÂ¬
curate. The Jtugwump papers lose all sense of justice and decorum
in criticizing Ms utterances.
The St. Louis Globe-Democrat says :
No grander idea has ever been suggested tban that proposed by onr
national surveyâto dam tbe canons of the Rocky Mountains, in order to
foi'ui vast reservoirs of water, that may be used as needed, to keep the arid
lands of tbe great dry basins irrigated and fertile. Tbe plan will, if can-ied
out, be equally valuable in preventing floods in tbe Missouri and Lower
Mississippi valleys. It is believed tbat I.tO,000 square miles of laud may
tbus be reclaimed for cultivation, Pbe extent of this may be seen by tbe
fact that tbo total extent of land now under cultivation in tbe tJnited
States is less tban 300.(1(10 square miles. Dams cau be constructed strong
enough absolutely to regulate tbe spnng flooding, retain tbe supply, and
feed it out sloivly, as may be needed, all summer. We shah, by such
works, not greatly surpass tbe engineering feats of the ancients.
In copying the above the Hastings (Nebraska) Gazette coromente
as follows 1
Public opinion is being rapidly educated up to the point of demanding
congressional action tbat will result iu the construction of vast reservoirs
for tbe reclamation of the arid plains. How much better it would be to
apply the sm'plus in this way tban in the consti'uction of coast fortifica^
tions and great gnus.
It would, indeed, be a great day for the couutry if the United
States undertook the gigantic work of reclaimin.g the arid regions
of the West by the construction of gTeat reservoirs. It would
requue an entire change, uot only in tlie policy of our government,
but in tbe theories as to the limits of State action as lield by the
great majority of our citizens. We have been trained to believe
that that government is best which governs least, and that private
citizens should enjoy the privilege of taxing the community for