The Plymouth weekly Democrat. (Plymouth, Ind.) 1860-1869, 1867-10-31
Chicago Correspondence.
CHICAGO. Oct. 2S. 1867.


ED. DEMOCRAT:
It is quite mistake to suppose, as many
strangers do, that Chicago is altogether
dependent for her greatness upon her i'm
mense grain trade. That is only a side
issue, and one would not require many
visits to our Board of Trade to arrive at
the conclusion that the operations in grain
would be quite as extensive and active if
there wasn't bushel in the market for a
basis. just at the present, however, the
market is just the reverse of that condi-
ton. There is too much grain here for
the spectators to effect anything. 1t is
estimated that there are now in our Chlca-
90 elevators 100000 bushels Of wheat
OF course no ring can do much on all that
stock They would have to get out line
of shorts to the extent Of 5000, 900 to
make it pay. and the amount Of capital
which would be required would be quite
enormous Add to this the fact that the
receipts are largely in excess Of the ship
ments, and the holding up and carrying of
the whole becomes sheer impossiblity.
There is, however, corner left open Cor
the "sca .pers," of which they tondly hope
to avail th emseves for 'tcn-strikc" A
large amount Of this wheat has been sold
by the large holders to smaller operators
who can neither store it nor afford to hold
it, in lots of from FIVE to twenty thousand
bushels. "buy or the month";" or in other
words the seller is compelled to hold it
until the close of the present month and
then the buyers will be forced to take pos
session whatever may be the state Of the
market. They, unable to hold on to the
stuff will at once have to throw it upon the
market, and this, it is expected will cause
glut and, for some hours, at least, a rapid
decline, to be followed Immediately by a
strong upward movement. In anticipa-
ton Of this course Of events quite mum
Der of operators from the country, lower
Illinois, Indiana, Wisconsin and Michigan
are here waiting for the sudden drop, and
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made up by local 'scalpers' to cover large
operations on the same event. Such. at
least, is the programme. How far it will
be carried out is impossible to say. "White
man is mighty onsartin," and the more
see of that Board of Trade the more don't
believe that anybody can any more foresee
events in it than the APP, stle Paul could
have prophesicd the policy Of Andrew
johnson.
Quite cheerful rivalry is just at pres
ent going on between the 'Young Men 5
Christian Association" and the Liberal
Christian organization, formed mainly of
the Universalists and Unitarians of the
city, headed by Writ Dexter, Rev. W. II.
Ryder and Rev Robert Collyer under the
name of the "Chicago Christian Union"
The latter affirming that the Y. NJ. c. A. is
all very well in its way as christianizing
influence, but is quite Intellectual in the
practical charity which should distinguish
such an organization, proclalms that it will
take for its motto the divine maxim,
greatest Of all is charity" and will show
to the world in general, aad the Y. NJ. G..
|
is better to hungry family than pro-
fusion of tracts about the "bread of life. i"
That dissertations on ''the fire that is not
quenched" are not half so warming in win
ter-time as ton of coal, and that hymns
about the "mantle of Elijah" are poor COW
ering for shivering, half naked bodies in
December. Last night the "Christian
ITnionv hold On ;nmonca macc pnatinO at
the Crosby Opera House. as their form
al Inauguration before the public. "A
number ofvcly spicy addresses were made
by the leaders in the movement. some of
them rather trough" on Bro. Moody, the
great light of the Y. NJ. G.. \. Bro.
Moody is an earnest, impulsive and, no
doubt, conscientious man, but he does some
things which, are to say the least, what the
temperance lecturer said of Christ's turning
water into wine, exceedingly ill-advised."
He is very ready to accord the penalty of
utter damnation to any one dying outside
of what he deems the orthodox church
and in the course of his home missionary
labors he has been known to enter grog
shop and open an exhortation with the
stunning query as Jesus here p
The sympathy of the public is with the
new organization, and while 1T has at its
head the present earnest, active leaders,
and lives up to its noble creed of love TO
our fellow men, it cannot but be in the
highest degree successful and powerful
agency for good.
The Democrats Of Cook County held
their County Convention on Saturday last