, 1875-11-28

A fresh proof of Russian liking for the
United States is furnished in the late news
from the Empire. The Russians have been
initiating us, and so sincerely Aattering U.s.
It seems that the failure Of the colossal spec
ulator, and apparently colossal swindler, Dr..
STRoCspEAo, led to a. general run upon the
more notable Russian banks. The run upon
the Bank of Azov-Don in Tagaurog, and the
Merchants Bank in Moscow, is said to have
been "on the American model" This is q
compliment to our financial system. We
have not been in the habit Of furnishing
banking models to the subjects Of the we'll
known eHote despotisms, but it seems that a
brighter day is to dawn in this respect for our
faanciers. DR.. STRousBERa himself con-
Quoted his operations "on the American
model" Incredible as it seems, he actually
improved, in some respects, upon that
apparently perfect plan By essiduously
carrying ont the dictum Of tho MACLEOD
school of political economists that credit is
capital, he succeeded in failing on more
magnificent scale than my American Of
recent times. Even jar CooKE, even our
own B. F. ALLEN, did not do worse. Els
debts are $40, 200, 600; his assets consist Of
some household furniture and $40. Unless
the former can be turned into cash, the sor-
rowing creditors will receive 3 gratifying
dividend of / cent on each $25,000. Even
the Freedmen's Bank will probably pay a
triae more than this It may seem at first
blush Us if fnanciering "on the American
model" would not, after the collapse Of
SrEoUsBERo, become popular across the
Atlantic But this is superficial
view. The bankrupt was very poor
q few years ago. By following the
American model, he has lived in prodiga1
luxurinnce, and has crammed more sensuous
enjoyment into these years than most men
get in the course of their lives, He has
failed, to be sure, but the failure only in
crenses TINT notoriety for which SO many men
SO foolishly long. He has got his nnme into
cable dispatches, and has become known in
this way to millions of persons who have
hitherto been ignorant that great swindler
was 1icking three Empires on the American
model" There are too many miserable peo-
pie who would be willing to risk the ig-
nominy Of failure for the pitiful pleasures of
sudden and feeting fortune. Financiers On
the American plan will probably abound
hereafter in Europe s1noUsDzna has
been the JAZZ CooKE the TOM ScoTr is yet
to come. Somebody will appear with
scheme for having Government give him
1894, 600, 600 Of somebody else's money, viii
and plan, and contrive, will pay the
expenses Of conventions gathered to indorse
the projected steal, and may, finally, succeed
IN bamboozling some stupid OF venRl set Of
rulers into letting him run riot with the pub
lie funds. Then the money will be 1avishly
wasted son the Amarican model ~; then
some of the fnanciers will go into bank
ruptcy "on the American model" and others
will retire to spend their ll-gotten gains,
again on that model then eli tho victims
will groan in vain, strictly on the aforesaid
model; and then will come runs, and bank
and stoppage Of industrial en-
and general collapse-all son the
American model" We ore sorry for Europe.
sAIE 0F THREE BLnCEg OF LAKE FRONT.