New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-06-06
THE PROPHET OF TIE PAST.

The PIC amuses US. Its daily routine
is pparently this tour Of the saloons
The preface of the editorial consists in q
few abusive epithets at the REPUBLICAN,
and the staple of the leader is an authen'
tic declaration of the political, judicial
and commercial meridian of that day.
The world can set its chronometer accord.
ingly. Woe to any youngster of news
paper that dares publish any opinion
di fering from the oracle. 1t is imme-
diately withered With the frown of forty
winters, concentrated upon its unholy
head. When, III due time, the oracle
is refuted Or convinced, it announces
such result as a new revelation, which
could emanate from no other source than
itself.
The REPUBLICAN having expressed thu
opinion that the disasters OF the planting
interest, and decline in the price Of cot
ton, would produce embarrassment of
their factors, and that this might culmi-
nate in failures on paper to mature at the
begi ming of this month, the PIC ut
tered the following oracUiar rebuke:
The REPUBLICAN endeavors to get up
sea in commercial circles by publishing
rid iculous rumOrs Of failures expected on
the fourth OF June. These rumOrs are with
out any foundation whatever. and emanate
from the band OF "croakers' who, being
broken up themselves. confidently await
the destruction Of everybody else.
In its issue of the fifth instant it says:
Among the other sorrowful mishaps
which were yesterday communicated to our
citizens, was the failure or suspension Of
that Oldest, and for long time regarded as
one of our most solvent merchants, etc.
And adds:
We regret to be compelled further to an
nouuce the very UNEXPECTED proceeding IN
bankruptcy to compel our old friend Cas-
sidy, the famous hotel and restaurant
owner, of Gravier, corner Caronde.et, to
surrender his assets, etc
How far the sensation headings of the
Pic, which sold every days edition of
that paper with fire, riot, murder or
burglary, has had tendency to impair
the credit of merchants doing business
in city apparently doomed, we have no
means of knowing There was therefore
no need Of our making prediction which
has been, we regret to say. verified by
events to ''get up scare in commercial
circles. The Pic had spread terror
every where to sell its evening edition.
Our predictions were deduced from the
known condition Of the country. We
knew that the factor must sympathize
with the planter, and that the patent
misfort unes Of one might result in the in
nocent ruin of the other. For this we
were rebuked. But the Pic added:
The REPUBLICANS financial deductions
are as biased and unfair as its political ar
gumenss.
We submit that an amende is due the
REPU BLIcAS under this last imputation.
If the failure of our financial anticipa-
tons should have discredited our political
argu meats any logical and fair-minded
journal would, upon the fulfllment Of
our Fl nancial predictions, accord to our
political argument the merit of fairness
and isdom which they SO eminently de-
serve. We shall forbear to assign the
Pic the converse position That would
be his: The Pic not having been posted
in the financial affairs of our merchants,
denied that there would be any failures
on the first of June. But there were
heavy failures at that date, therefore the
Pic og1tyle knows no more about the po-
itica al than the financial future, and
neither its arguments nor statements on
this subject are worth bone button.