The Portland daily press., 1873-10-01
Current Notes.


~ tend to free banking, founded upon secur =
lies some hing like the present banks have"
The N. Y. Times thinks the panic ., ay
prove blessing in disguise to the railroads
because their managers are likely 10 the fu-
5ure to pay more attention to the develop
nent of their business, and less to mere stock
manipulation.
The Springfield Republican says the banks
nave shown themselves utterly incompetent
To deal with the difficult es preciptated upon
The business OF the Aalion.
And now it appears from several newspa-
ialse bottom of Wall stree has fallen out,
that it Sas Jay Cooke who crushed the re-
oelion. We thought Grant was the man;
)at it is well always 10 have erroneous intor-
nation corrected. Cincinnati Commercial.
The Rev. Theodore Cuyer is hot satisfied
with the results thus far obtained at the new
tabernacle in Brooklyn. He regards the Rev.
great powers of Imagination, b. thinks that
L 5 work has not yet been so fruitful in real
esultS as to viudicate his peculiar method.
Every honest experim mt for the evangelical
ion of our great cities, adds DR.. Cuyler, Is
AntiTled to the most candid examination.
A very thin and pallld ghost, giving the
name OF the Minnesota democracy, revisited
sne gimpses of the moon at st. Paul, day be-
lore yesterday; gazed around for while with
sabdued interest upon the aspect of things
terrestrial; repeated Hamet's solloquy to it.
self with slight variations from the received
ext; and then vanished some hours before
.ock-crow. Before its disappearance, how
yer, it was heard to make disconn cted re-
marks about revenue tariff specie payment,
lonest administration, monopolies, &c. and
% advise everybody to vote the farmers tick
It nominated at Owatonna. Listen, now for
wild coronach from the direction of the BoS-
ton post office.-Sprinafeld Republican.
The N. Y. Times says: That our export
trade should be arrested at such season as
this is, in itself great calamity. The pur-
chase of five twenties was not an effective
,emedial ineasure--but to anticipate the pay
ment of the bonds OF 1874 would undoubGed-
Y produce good result. Aud we do not see
What objection there can be to the purchase
Of first class bills of exchange.
The Graphic remarks that one Of the re-
suits OF tie pauic viii be to materially bene-
it the national banks al the expense of prl-
vate banking-houses. 1t is an i'll wind that
blows nobody any good. Such OF the nation
u banks as are weak or badly managed may
TAI. before the pahic is ended; but the sur
vVors will be stronger than ever, now that
heir rivals, the private banks, have lost the
pubic confidence, and they will hereafter be
rt,t1h fl,ax, fti. H1- do m
.at railroads and spectators in stocks.
The st. Louis mo. democrat says of the ac
ion Of the Drmocra of Montgomery County,
ILL.,, in running a ticket against the farmers ::
It is to be feared that the hayseed which
vas sowed in that direction ell by the way
size, land il vas trt dden down, and the
fowls of the air Cevourad it.
The interest still continues, as our clerical
friends say in their revival reports. A num-
Der of congressman, holding over and elect,
have written to Mr.. Ordway to make out
herr monthly drafts hereafter at the old rate
We wonder " whether any Of these letters bear
Massachusetts postmalks.-Springfeld Re
publican.
The boston Transcript says the banks will
now be held responsible, after the liberal
course Of the Federal Government, for the
restoration of the normal condition Of trade
What the community demands IS. that none
Of the resources of these institutions shall be
employed for encouraging a system Of stock
speculation akin to the Operations SO near
iy proving ruinous to the whole fabric of cred
t. Let stock-jobbing be separated widely
from trading and commercial ua5sactlons,
Many of the anl-mouopoly candidates in
Jackson County, Iowa, have declined, and
tie Democrats, finding that the hay seed
dodge will win, have called a straigh. party
convention.
The Inter- Ocean says the President should
lose no time in calling a special session Of
Congress. Permanent relief Can only be had
at the hands of our National Legislature.
Tie States have been prohibited by the legs
iaton of Congress from coming to the aid OF
The people in the emergency. and the only
way the country can nov be helped is by the
prompt action of Congress in furnish ing the
necessary currency with which to do business.
The st. Louis (Mo.) Democrat firmly be-
leves in the tory Of the railways hiri G the
hayseed politicians to lead the farmers astray.
There are numerous facts tending to prove
the story recently out in circulation that the
railway companies wele hiring dead-beat
Democratic politicians to join the farmers
movement for the purp Sc OF breaking it
down. The farmers are taking alarm, and
one of their parers il. an adjoining State says
there are ''too many Democrats turning farm
erS and that ''Lhat is just what is gong to
beat the farmers"
The Liberals of Kansas, who stepped out of
the Republican ranks to follow Horace Gree
ley's strange device, have nearly all repented
Of their ways and promised to sin no more.
When men talk of the wckedness OF the
Republican party the Buffalo IN " Express
desires them to be hidden ''to look on the
one hand at New England, the cradle and
nursery of Re ublicanisn, aud on the other
at Kentucky and Missouri, The consummate
flowers of Democracy"
The Decatur tIll.) Magnet, Democratic
paper, has been opening its eyes little, and
as result propounds this hercsy on tree
trade: "He who cannot see that the manu-
facturer who makes what the farmer requires
and the farmer who raises what tie former
eats ought to be brought within short dis
lance of each other cannot see very far.''
The Washington Republican is of the
opinion that what is needed is not more cur
rency, but restoration of public confidence.
There is plenty of money to-day; but the
trouble is that iG is being boarded by private
parties, who are apprehensive OF future dis
aster.
The revulsion is confined to speculative
operations, which have for the most part con-
sumed surplus capital. and does not emb ace
trade and commerce. 1t is true they are
crippled to some extent for the time, not b.
Cause they are in feverish and unhealthy
condition, but because the panic has locked
up money and restricted the means of doing
business. Albany Journal.
The N. Y. Post says James Freeman
Clarke's doctrine of boiling may seem to the
caucus politicians to be bold theory, but it
is correct. More than that, it is growing to
be popular among the people who ought to,
If they do not, 'ontrol our elections.
Speaking Of Rodman and the BROOKLYN
TflIst Co., The Journal of Commerce says,
''There is such thing as following wrong
doer, whose fault has been thoroughly ex-
posed and condem, ed, with such torrent of
abuse as to turn the tide of public sytnDatbv