The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-27
THE EXPORTS OF SPECIE
to August % were as 1ollOws:-

results. Calmly viewing the entire neld, all that
and ease is supply Of foreign exchange suflicent
to start again the forward movement OF produce.
How this can be brought about V the great problem
we have now to solve, and In Its solution we Will
find relief from all our pressing Ills.
THE CHANGERS AND THE CRASH.
The Farmers' Movement and the .Dis-
honest Element
From the Chicago Times Independent demo.
cratlc), Sept. o.
It is, OF course, only prejudice in favor Of gam
blers, cheats and confidence men Ike Jay Cooke h
Co. which impels certain Eastern organs Of mo-
to say that 1.-The farmers movement in connection
with the establishment OF oranges has had much
allegation BE- true what il, instead Of being
merely one OF the causes which have '.preciptated
crash' that must, in the inevitable nature OF
things, have come sooner or later, the farmers'
efforts to restrict the railroads In their exacttOns,
be the sole and only cause which has precipitated
Let US take this roaring bull fairly by the horns,
and not seek TO dodge it BY any sort OF evasion.
don times told the whole story when 1t said:-"lt
Is an effort of the fiscal system to get rid Of its
earnest response of the fiscal system to the farm
ers' movement, which 10 an effort OF the political
system, that includes the fiscal system, to get rid
me dishonest element in the fiscal system is adj
miraby represented by the Jay Cooke sort Of dnsn-
Is found far behind all such persons, In that nan-
cial lie OF the federal government which says that
to pay da
tivities consist in obtaining money under false
pretences. The Northern Pacific Railroad scheme
was only one in thousand huge confidence
games' to enable swindlers TO get something for
nothing. The very same organ OF monopoly ana
mens has DONE much 70 preciDisase the bursting Of
the monstrous bubble OF fraud and deception, con-
fesses the truth IN words deprecatng the 'fever OF
nv ovyno q w hod YtV
many and ruinous railway schemes, pr0feesedly
undertaken with the object OF developing the re-
genious devices for the accumulation Of enormous
for their s%Sa ana
being Wholly at the cost the labor
dustry Of the country: The whole process
CONSISTS in taxing mpm o,ye1
it to men who have not earned it. Any person
from the rural districts who, on visit to New York
pocketbook by genteel appearing but vulgar
swindler called q coincidence man" has had an IN
dlvidua experience Of that mode Of dsveiCpng
confrayernity, aided by the federal government,
have been practising upon the whole American
people ever since the passage OF that measure OF
nnspeaka0le scoundrehsm-tne so-caled illegal
Tender act.n
ring Of confidence swindlers fof the purpose Of
swindling the people out Of nearly 100 900
of land by building railroad ito be Also owned by
By the people who were to be thus swindled.
The Union Pacific and Central Pacific and
many other so-called irrational highways,n had
proved successful swindles OF the same kind; the
Northern Pacific swlndlsrs we're encouraged by the
success OF the kindred gangs They would build q
railroad some 1000 miles rlength through "howl-
ing wilderness" where not in half century could
q railroad be made to return single farthng ON
its COST but they would ''deveop the resources Of
the cOuntry"-which means that by persistent
people to 90 into that wilderness and buy back at
80 an acre the land which an incorrupt-
nothing Tor for few shares in the swindle
most goOd'D, and give them five bushels Of
road, and thus pay The whole cost Of the road
out OF the earnings OF their dupes 1.-THE people,"
and take their places among the grandest money
garded as public benefactOrs ~ To carry out this
stupendous confidence swindle the confidence
800 900, 900, but requiring only $2.OO00O0 70 be
subscribed, and only ten per cent OF that amount
eapa Of an pa Of e soss
Of surveying the route But unlimited power 20 .
issue bonds would furnish the money, which the
Tor the wilderness and five bushels OF wheat
Tor carrying one bushe to market would pay,
principal and interest, out OF the products Of
ceeded to "shove" their bonds on every money
market In Christendom where they couls hope to
hnd man with more money than mother VIII.
Their course Of procedure was Characteristic OF the
men and the fraudulent scheme. II was especially
ments were to be seen. 1t was under the seeming
patronage OF "Young Mems Christian associa-
tons that these sharpers piously recommended noe
Northern Pacific bonds to their customers az pet
ter than government securities!'' Pets OF tho
federal Treasury Department, with branch banking
mems savings banksu Wherever there ap-
peared the chance of handling some Ignorant
aess At i PanBay and Gorgeous palace al Chi
ton HIS these nab0bs, with their SANITY and sof
ala By genSles Of
their paper securities half Of them to pay interest
on the other half What Is their security They
they have bought some rolling stock TOOLS &C.,
Amounting all told according to PoOr's railroad
e the ssS SSss ens
under the terms OF their swindling charter to land
warrants lori 100000 acres Of their land
price quite as much as could be got
for il under the hammer) aud ali their other assets
st cost price, and It appears that the assets Of this
against an Indebtedness OF some $4,000, COOL And
Of available assets' not one dollar
Such are the utterly rotten character and worth
less foundation OF this Northern Pacific confidence
swnde, whose timely explosion has exhibited to
OF corruption fraud and chcanery on which rests
that false appearance Of things which monopolists
sne %.S S s
perty that any country can enjoy are dis
covering Is not prosperity, but robbery
the victims. II their indgnant uprising
against this monstrous mode OF pluuder; II their
vigorous and angry protects against the SANITY
and sordid" confidence rogues that have 80 long
been taking their earnings under false pretences
and without the least return for value received II
their earnest efforts to get rid OF the dishonest ee
mcnt In our political and fiscal systems; II the
Farmers movement which certainly compre.
hends these meanings, has been instrumental In
precipitatng the inevitable crash, then let evcry
element OF honesty In the land sing loudest paaus
OF praise 70 the farmers movement for the good it
has already done and the greater good which IL -
destined to accomplish In purglng the BODY polite.
POLITICAL financial or commercial. OF its dishonest
elemepts.F