The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1875-11-27
THE COTTON STATES IN DANGER.


THE COTTON STATES IN DANGER.
Here is a specimen Of the gigantic
schemes that have got TO be fought down
A while ago, having business with very
important lawyer, had to wait an hour N
hls office, while he conferred with man
who was asking his advice and co-"pera-
tion as to a scheme he had been talking
over in England for buying up and monnp-
olizing the entire belt Of Cotton States
From his maps he showed that this was
mot such a very great tract. He cooliy
proposed to bring English money enough
for the purpose nov while the southeruers
are poor The plan vas t. buy outright,
and then lease the small farms, and thus
give the English aristocracy new ireland,
With It's absentee landlordism
SUCH A GETTING UP STAIRS
How shall We meet with >, 900 him who
cumeth against us with 20, GOO, thought
AS ! vas passing up the great elevator uf
the uew Er,ujnq Post building lately, ANA
was studying the lager-excited money
srsbbers Who were talking business ia thu
elevator car This latest thing in eleva-
tors, 10y the way, Is worth describing lin
a.ine couple ofcages. working side BY
side, IN a shaft like that of great mine.
for the building is nine stories high But
the chief singularlty Is III the fact that they
are worked by hydraulic pressure Each
g. j
cast iron telescope AS II were. which
pressed from below, gradually shoots the
cage aloft. each joint Of the telescope
slowly emerging from the next larger one
until the ninth story being reached, the
great machine looks exactly like gigantic
spy glass" all pulled out.
THE GREAT CORNER II LARD.
If any of your readers are ashamed Of
''rnbbIng the virgin soil uf the land of its
riches and want to come here to earn
modest bonanza and run An humble Fifth !
Avenue palace. let them go into business
on the Produce Exchange. and become |
''the head Of the corner On recent |
day the gentleman who is credited with !
holding that position did not have money
enough to pay for a. lard sent u him
On Tuesday he raised the necessary
money, ami the delivery ot between ten !
and twelve thousand tierces was made |
There then remained shortage of about |
:. .00O tierces and the would be bears
found themselves unable to obtain the |
lard they needed, the market being con
trolled by the bull faction, who advanced !
the price to II cents per pound. The |
bulls demanded a money settlement al
this rate. and on the refusal Of the bears
tp make good their contracts, complained |
e. the lard committee. The bears charged |
that the corner was brought about by /
washed sales that Is, sales made by |
brokers Ia the interest Of the bulls, with |
out any intention of a final delivery /
They added that there was no scarcity IN 4
lard. but that the bulls having gained |
possession IF the greater part Of the stock |
hal It III their power (by means of
washed sales and other tricks to adj |
vance the price to 90 cents The result |
IL this fighting has been lard at II cents
and the failure OF the corner man, though
he had a good street broker behind I'M
The S,ea calls these gentry The genteel
gamblers, who tax the food that poor men
have to pay for" just so.
SAMUEL LEAvITT.