, 1873-10-21
THE NORTHERN PACIFIC.

10 fn Editor " Iha Chicago 1r1buftes
BIN: The fayorite character in the old
fashioned English novol ia tho young apend-
thrift, who. after wasting hiB substance in gam
bling and prodgality, gracefully retires to prison
behind bailif, and patiently waitB until do
voted unolo comes forward and pays his dobts
and sets him up in tho world again. Readers Of
this sort Of novel cannot forget the reckless
abandon Of the horo, which thrilled their YOUTH
full blood with delight aud admiration, nor their
sublime faith in the certainty Of tho appearance
Of tho rescuer at tho momont Of direst need.
This character, happily, is 80 raro In
American social life that 1t does not appear At al
in tie American romance. In our favored coun-
try 1t is only to be found in tho political history,
and among politicians and Government fnhnciers.
The bankrupt politician or Governmont-bankor,
nowadays, looka as inevitably to Congress or tho
Administration to sot him or his bankrupt on
terpriae upon ita foot again, as the enrapturcd
reader OF " Poregrino Pickle" looks TO the old
Commodore to help the graceleBs Porcgrino out
Of hla scrapes. So many eubBdieB and Crodit-
Mobilior Arrangements Of a1lsorta have not boon
without their lesson to shrawd American adyen-
tureH md that lesson is that Government Is,
or should be, the inevitable rescuer Of all spec
| ulatora in distress, all bottomlese, chimorioal
oAb0APA41oS AAA pAAhAARt UA4A1Aas Ouu&ECa-
Bional MD, or tho loan Of tho Government funds,
ig. in the minds Of a largo aud growing o,ass. a
certain panacca for all tho ills which Gun af1liot
| public OF private veal.
Prominent among this class, aud among the
prodigala who arc looking to Congress for res
toration OF his wasted fortunes and opportuni-
| ties, ia the eminent banker or financial manager
| o. that tremendous bubble, tho Northern Pactc
Ma,ttTTay:;G1ay Cooke, na. 1t IS now somewhat
| Mt tho noxt aosBlon Of Congress- to
turn h1ss unlucky railroad over bodi-
| y to the aovornment, with all its
1u,aon 81 aepts Whon ne tho sna Cooks
dragged him down to ruin. may hope to recover
| In como measure his financial aud political
| standing.
Tho cool impudence Of this proposition is
oqualod only by tho unbluhhing assurance with
| which thoso famous pamphlets woro issued
painting tue Northern Pacific enterprise In
false aud glowing colorB, calculated to docoivo
and which did deceive nlu]titudea Of small in
taat bottomlohs ocsapool Of e1travaganco,, folly,
aud roboery. Having piuntorcd tha public In
part. tho Northorn Pacitio loochea now propose
to roy them by wholesale, by means Of Con-
gressiohal appropriation.
Eot through Congress at q vast cost in lobbying,
tho polltiGGl cotorlo that rovo!yed around Cooke,
neas.oF Mind9m, ,i1, anu III Aing, thesr lobby,
agent, aoeked hko v!iltures to davour tho spoil
Of that magnificent donation. King himself had
sne sc9Gmo es tnrausn, aha IL wa5 calculated that
oYerY 1riena ana dopenaant might t, bo provided
ast ma, ~ ~ t'aopnauvno a ~ toreune. i4ero was no
~ .uousn. u ecouomy or pIuaonee' IL seomed to
io og s9 nv ae,o5 sIream & o. Woan IRON
WHY, M'lun gniu g &or f.uou9aGAs( wouia how "lthoue
nnnt. 1..; - ui.ie 'no nlss loo n'iea o1 the foad
~, ,,nnora oe ooI nod 91 s,seoen pons-