Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-09

We should think that he liberal
Aut,-Monop -Reforners ought TO love
their jumping jack organ, the Chicago
Tribune.
Last spring il supported Lawrence
Tor Judge in Illinois, against Craig the
Ahii-Railroad candidate, but as soon
as the Grange organization doomed
up IN the sky as big as a man :
hand. il thought it saw in that organi.
cation means TO disrupt the Repub-
l'can party, and forthwith IL became
the obseqnious slave of that move
mcnt,
But honesty is moi expected in a
States evidence, nor consistency in a
hapdoodler and renegade. so that in
The midst of the commercial panic
whicl, that paper done lis full share TO
bring about, io-wi,. on the a6ih u,mo
il said
'the Changers united il. IN onslannh,
that has been translated in Europe AS a
comnuhlstic war upon vested rights and
property This impression was given at
AN unfortunate Time. Nearly 1000 miles
OF railroad were projected, chiefly in the
West. The capital required amounted tn
the enormous sum of $40 900 900. placing
the average cost al $40 900 per mile. The
expectation was tn secure at least one third
Of the amount from Earcpe. Had the po-
|itical hnsizon not been overcast. no Difficult
iy would have been experienced. The
plethora Of capital in Germany, consequent
npoh the prompt payment oi the French
war Indemnity, created a demand for iu-
yrStmcnts. Americas securities would
have been eagerly seized upon hnd The cap.
italists not recently suffered from worthless
railroad bonds issued by some 0! our West
ern roads, While negotiations we're pend,
ing to convince them vi the certain profit of
those offered. The thrcatcnings of the
Changers reached Europe. aud American
railroad bonds became drug on the mar
ket. ~ snsn rs the result became known.
all railroad construction stopped. Then the
impending disaster began to be felt. . y
The reported capital ii the railroads OF the
Western aud Southern States amounts to
nearly s 300 100000. To wage war upon
this vast property IN manner calculated
irrcparablv to damage it. was certainly i'll
advised and must return upon the promo.
tcrS Of the hostility. Grievances unt.eubt-
eddy they were. la the nature o( things, il
could not he otherwise. So siupenaous 4
system could not be created without abuses
creeping in, but correction is not to he
found in annihiiatien.'
And again, on the 18th ultimo it
said:
This serious view of the question did
not occnr to the men whose violent outcries
against the corporations have prccipitatetl
the disastrous result. 1t was not altogeth-
er unexpected. Prominent railroad men
who negotiate with foreign capitalists fore
saw the crisis. But they Were rowerless to
avert it, They had no means of reaching
the people TO warn them Of the danger, =
Only the hoarse cry, sDown with monopo-
lies Y could gain the popular ear. The
multitude caught up the shout, and. ac-
| companying it with fierce demonstrations,
| sent it across the sea, until capitalists. who
were ready and able TO advance the money
| the West needs and must have for its deyel-
| opment, shrank from touching securities
| which The ambition Of demasogues could
| at any moment render valueless.'
! The Changers have borne up man.
fully under the support Of that paper
They ought to wax great and grow ia,
now that they are receiving its long
pcnt up and malignant abuse.
Two fellows. we believe. are the to.
tai number who have condemned rs
for not pretending to he what we arc
not. to-wit: hay-sccd farmers. and
they therefore Indignantly stopped the
COURIER. hoping thereby TO snuff us
ont. We don't care about giving thei,
names just here. but they know who
we mean. and we therefore commend
TO them the aforesaid utterances from
their immaculate organ. the Chicago
| Tribune.