, 1876-02-07

they, reached a point t1,.t would psartln 4
c'n'!n'Ia aftnsryof Ef'nfmre nr london. The
evil has 9ono from bad to worAs n! |, tha null
iip'Ictnon nf ronaan.es aal ts- employment af
thutnla For Tho aclni.it!on OF blysflers. 1hero
aro cotnn.htc. which Atow ~ agent tho wiioIs
a. ms lint !tnfe p c,nnm for t!.o Introduction
r. li!e. ni'd tho bert Of c1snrnnior par rate
Of which tin inncct Mt tns,ru,t neyet dreams,
Tho consequences NAV easily be Imuejned.
There pEActrcs we're p.tse a. long nj thn now
ttlssfc:h WAS 'sreh enough to keop up appear
nH".a nrd 10 provide for tl,c dram. hut when
ha,d ttnes ,rt only atopprd now tn-ff,es-. Nus
rnnlcIlnd tnult!lu1ea Of thnee A!rnn,ly ,n.ured
To esck 10 M np"n their t,I'cles or
IN nsr nt,sr them outright, matters eo9n
camp 10 csihiE. Tho ~orthlcsSneG4 OF
rtt'Iamre upon Etate rn!,ervlBton thou btc.Mo ar-
rnront. st ,pt agey and Eeceivessinpe weto Anon
lhe ott,er ri t!,n da:. Weak aud ro.tcn coin
pnniss naEgamhsesl In TIN manner not untsm,l-
i4r to 14oalouc,r, and life insurance generally
passed naicr cloud. which still obscures II.
M ono alleges that there nro nut companies
hbny0 BuHpyciou. t;oBtliness Of mauayetnent,
lloworer. il IN oajnction TINT applien 10 tho nl1
cnt md richest. mud all OF them llavo got moro
real ettato to their bands than they bargaine1
for. an n result uf foreclosures. In sems in-
EtatICen the number Of lapsol taoliccs has hcon
W great that accounsH LhlAnco wtcro before
there was . detlGien.": and MI fenl tho effect of
the d.strsst for which TIC lite Insurance. MINI
eere ara thanrtlven tcsp ,ssil,te. ...
Sorno hn,f-dozcn savings hanks hAro failed,
tNler circumstances ~ hi.grnccful 10 tl.alr
flenhgera nnd 10 Tho Htato buperintendnHs Of
FanEa as thay hrN DISASTROUS 10 tho depoeitors.
Tue E1oDov ni tba t!ltity POOR has been sq,lAil-
dorc in large as'arten TO all aor:a OF puop1o, or
Hutk IN worthless hecnttties, or lockel up in
property ttat II tlnrtalizabte, or loaned to III
rectnrs md Directors friends Tho arc unabio 70
repay. Had tilr Sntc official done his duty. such
condition Of affairs would hhyo beeu i.nponei-
bl9 It Ia proretl that ho know OF some Of ttlrRo
irropnlarit1ea. and hut for a tnetliconcy othera
| could not havu occurred. But tho whole sss-
! tnfn sadly needs amendment. Tho advantage OF
] handling other ,peoples money III unierstood
sccurc II savlngs bankH compete l,y offering l,fgl,
| dividend. and maintaining sh0wy cBsRbi1eh-
rncnts. tbs iatter would not he a recornmen-
!aslou oa,whcra; hero II In wotth grnnt deal.
Tho average dc;Hhitnr accepts f3ns building N
proof OF ucalth, and rhnLs tho bank TINT Ia car
ried IN in r1ai,ty edi'ice. Even nor ono Of shn
finest butlllngs in rrogress Ia thu: Of DING 90
| centh} savings bnnk. 80 long AZ this weakness
lasts and 10 lot1 as paanagera accept doubtful
rccurt,eh to keep IN hicl. rates Of interest. wu
plunged hosts OF mechanics and 1ahorera iuto
dia.reEH At n tn,a when wo K In t!nattainnblc.
| THIS baety glance at nomn Of tho outlinea Of
tho etuation NAV sctrc partially to explain tho
| ropnlar aversion to tho incroaAe Of taxation roc.
| omnenlea by tho President aud Secretary Of
tho Treasury, and the dstnsnl for reduced Gov.
| ernmantal expenditure, as forcsbAnowot in tho
! policy of tho Democratic ma ortiz In tbs House
| Of Representatives. Tho economy that IL dis.
| cerniblo aiming tue people has been forced up
OH tlom by tue harsh teachings OF hdycre!tr, and
tho Ha1no fnl)e1ibIo mentor preAcribcs the ador-
| tion of D Rin,itaf course at Washington. Some
thing Inuat bn done theto to msko both ends
meot. With falling customs ,eveuus, au ia.
come from whsBkv and tobacco below official c1.
pcctatio1, aud the requirements OF the sinking
fund unsatislc1. ono of two ttingH is uevlts-
b1e-tho income must 10 ENLARGED, or the outgo
must be reduced.