, 1873-10-06

rotaryship aforesaid becauso Of Ills notorioty iu
tho lobby; To look ut, ho ia n human nubbit,-
w sGs e s zsSS SSuo ssis a s:y Ga9
headed tho conteiencelesa forces which
Pst o Fos sNa,s0o, s0'Etsa s ona G0"grSSs ts
North paoiae ohsrtors. s Wholly irrasponsi6!o, @
nc has bccn tho nlcans OF outrapping Jny Cooke
into tho above fata1 joba md tho first public
service over did at Tho Capital was to give
he tanaod down, aud n special slowor-hath and
cell Put up IN tip Capital for tho hangere-ou
who follow tho husfnoss. Until that Is done.
foolish rich men like Jay Cooko will DO ruined
by boyH like Chandler, ntd weak Congressman
tempted into dHhonooty.
| WHAT BEGAN TIE PANIC.
It will not hp correct, either, to say that tho
failure Of Jay Cooke Il Co. solely, or II, tho frat
the, house made the Ioadest report when t iolll,
but tho first BRONX was mado BY tho Brook
York, hid|and &, oswcgo :, 1'ailroad. It
BY ybon Maidsy md sevotal other Hmarical, rail.
roads, with tho woll-known doplotcl condition
every Southern, Atato, aud with Credit Mobilios.
Talk Of confidence amongst common peoplo.
when Colfax. Henry Wilson, Dawes, Patterson
Conlsling,. Drooks, !etc., arc hcen to l,ava bcen
the recipients Of Union nnl Central Pacific
Iailroad fayors or focal Talk Of confidence
whom tho Presidents whole nIaglstcrinl career
has been that Of q man more indignant Mt his
rartfHnns for tho!r virtues than for thor crimes
| Confidence, forsooth, whom Bingham is sont to
japan alld Nowman to Polynesia, aud whom tho
secular prosa is put to itu trtl'nps to Havo tho
hlethodst look Concern from such ttofalcRtion
as Carlton'sl Confidence censea WHOM tho farmer
antl mechanic III convinced tint almost every
hody to whom llo delcgatos Ills money mid Buf-
frago is foathering that higher nest. And Back
!ay mado tho millions button their pockets. The
failure OF Jay Cnolo WAS this failure Of tic Grant
in I'm
llcan party and will not be allowed to carry Off
Its principles; Jay Cooke was q moro potent
| name in tho Union than Grant; llo represented
the wagea which matlo 30 nlaliy Iaborng mon
voo tho bankers ticltot last yenr Grant ropro-
sonts nothing buta large number Of presents,
and groat deal Of loose apprehension. In this
country, security i'll any Presidential term bogius
at the top. Having elected President, tho poo-
pie suspend vigilance, and trust to tlieir Chiof
Magistrate. II ho makes MI example OF every
low fellow III B civil list, every dofaulter, every
bad exnmplo IN morals, md raisos to example
overy bold aud prudent oxomplar, tho hoats be-
low him tremblo. But the prenitlont whom tho
bond.solling world ro-eectod il deficient both III
prdo and example. We never hal Que who
began with 30 little, and slid 30 far back. Pos
soAsion inoreasos tho density of Ills ignorance, us
Until our pooplo arouse and mike this shcllasil
feel by thoir diHplcasurc,- WHO conquered by
atlrition aud was prolonged by inHenslbility.-
there is no real political life III America Lo llo
Bamuaol
THE TWO F1nsT PROPS 90.
The brooklyn Trust Compnnyslowcd that tho
city Of Henry Ward Beecher and A. 4. Low was
only ely 2 blood portion Of Twoot,, Sweeney. nnd
concern, Mills, licllike q truo financial infldel
1lo wont in bathing at Conoy Island with other
lost regulations, md calmly put his head under
the water and sank. No noise no resistance no
cry for help. he revived in hiH resolution tho
worst period OF Franco and Greeco, suicide with
out speech. That City Of Churches was COM
mittod to hiH bunk. The news wont over the
ferry TO tue Financial Metropolis, where tho
Midland Railroad, li1e the Northern Pacific, was
contend'fg with Destiny. That road was nearly
a0o miles long. It's receipts were on1y about
0,000, and it's dobt, stock liabilities ote. above
S20 0oo o00. It was no wildcat road but
grand Diagonal cutoff Oh tho Vanderbilt Byatom,
with propositions IN hand for fnr-wostcrn OK
tenalons. Down 1t went, and asked for Ro.
coiyer. The seuso Of suspicion WIS now Mt that
point whore
Dangerous a.; concc!ts nrc in their nature poisons,
Witch, ct the rss, are scarce fnt.thl to dlstaste;
lsut, Will, Il !ttlc act upon thu blood,
liIlrn like the llttcs Of sulphur!
So the panic in New York began, and, praBto
Jay Cooke blspeids,-that grcnt Colossus Of
Grant, tho ADMINISTRATORS ,nan subscribor.
Tl.o mno has burst.
WHAT IS THE RELIEF?
Lot Congress- mcot, and let whoever rresideB
bo put to Ills trllMEs to organize it without ru-
gald to his chances for tic presdoncy,-if he
promotion, ,-unl thon lct personal accourta.
bility begin. From tho prosiiont down
lot accountability 10 made. Colscienco hny
malo Congress cowarly; If tho President l,uI
any ho might also shrink. 1t is time ror Invests
gations to.he put by, however. persounl cAurae-
Ter is nuLllns now. What ~ required il aggre-
gato capacity.
a PLAN FOR CURRENCY.
The game day TIE CHICAGO In1pusE conf
moulded u plan skotchcd by bauAor OF Tint
city to secure elasticity Of tho currency" tho
Now York Herald, which originated lie money!
article in America. said: "Ihe grand fault OF
our finance is that our currency is like 1ro1-,,1
elastic md unatlapliyo to tho wants Of tho coun-
try and not all tic tinkoring Of Congress- has
been abo to change itB character for tile botter"
The Inter paper, in its money article which
goos on to suggest, like The C1rcaoo
fn1nuxE. that tGero is no necessity for
imitation TINT our Goyornmont-bouls aro tic
rocl; on which rcats tho credit Of tho Union
antl thut "thcHo very bonds may DO Temporarily
mobilized md absorbed into tho circuIatin9
medium whenever the emergencies Of trade re.
ouire. In other words. wlon money in wanto1,
az il the caso At tho present moment. thew mieht
bo exchanged at tic Treasury for ciirronoy.
which, passing into general uso 1T tic South md