The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1876-12-30
TRAINS HOROSCOPE.

The New York Graphic publishes the
following interview between Geo. Francis
Train and its reporter. II in well worthy
Of perusal:
Correspondent-You have intimated,
Mr.. Train, that the finance question would
soon absorb the presidential imbroglio.
In what wayl
Mr.. Train-By q crash that will throw
the l826,lS37, 1847, 1867, 1866, and 1873
panicNall in the shade. The Holland tulip
msnia, the French Mississippi land scheme,
the English south-sea bubble, all told,
would not equal weeks transactions in
Wall street. Ten savings banks already,
out of forty in this city, have succumbed.
and the other thirty are swauped in real
estate and unproductive property. How
many of them can stand 48 hours run
When the SOC, 600 depositors call for their
500, ,OOO, 900 ut sight the streets will be
blocked with an army of wild men. The
life and IRE insurance companies have
I $50, 000, coo out ON bond and mUrtgass,-
that would not bring $50. 0O0, 600 under
the sheriff hammer. Ask Ludlow, Null
er, Morgan, Stephenson. The entire Tam
many ring outfit in cleaned out on this
real estate trouble. don't believe Tweed
has q dollar to his name left. Astor has
been cut down from Sl00, ,0OO, 900 to Sl5,-
OOO, 100. The surrogate will tell you that
all these rich estates scarcely realize
enough to pay expenses. Kernochan paid
Ludlow $l10, 900 for the Leupe Ronalds-
Barreda- Delaney Kane Athenosum club
Ghost Mansion" in Madison square,
which cost S340, 900, and yet he has not
found tenant or purchaser since the sale
last spring. The $40, 0O0, 900 Furnets
estate scarcely produces enough to pay the
family bills. Cooke, Clews, Duncan,
Ralston, Woodward, Lock wood, Shepherd,
Dimmock, and Sprague are only few Of
the representative wrecks. The 1873 panic
was postponed, you remember. The COM
ing crash will produce hundred Black
Fridays in one. Business men are laying
the present stagnation to the presidential
nasco, but the real trouble is the currency
C.-But you forget that gold is falling
in spite Of the unsettled state of the coun-
try. And yet you say the cri.is is not
enoed
Mr. T.-The fall in gold is what hastens
the crash. The panic has not begun. The
dry-rot has not touched the vitals. The
balloon has gone up, but has not come
down. Donal 1son has never been heard
from, but the reporter was found dead on
the banks Of the lake. The 5000 failures
in 1873 averaged $44, 600. The q, 200 In
1874 averaged $50, 700, viii 10 the 5000
failures in 1875 averaged only S2o, OOU
each. But the panic won't begin until the
smash Of Gould, Scott, Vanderbilt, and
Stewart brings down the Browns, Barlngs.
and Rothchilds.
C.-And this, you say, will disorgaiize
all governments
MIR. T-Yes. The breakdown Of all
corportion monopoly, the crash in real
estate, the dissolution Of private fortunes,
the corruption of public men, the increase
of crime, all mark the decadence of the old
systems OF government based on the unholy
alliance of priest and politician. Tacitus
describes the down fall of the AmeIi an
republic when he pictures the disease ih It
destroyed Rome. Almost his exact words
apply TO our present rottenness, and we
have no St Augustine to make an argu-
ment as to the Why and the wherefore.
Tweed planted, Grant watered, and
Beecher gave the increase.
C.-We certainly are not quite as bad as
Rome on its decline
Mr. T.-Worse. Our freedmen, eunuchs,
and slaves 20 by other names. Our patIi.
clans are corporation directors. Our popes
are Christian imposters. Did Rome aver
age cold blooded murder q day as we do
in New York Two hundred and eighty
one last year, and only 81 convictions and
seven hung Was every tenth man in
Rome q convict ! New York arrests 100,-
O0O annually out of its 900, 900 popuIa-
tion. Can the Roman republic beat that
C.-Taxed to death ! Why do you say
we are taxed to death, Mr.. Train
Mr.. IA country that raises in taxes
in 10 years q sum larger than the debt that
it took England thousand years to ac-
cumulate is certainly in q bed way. Over
q, ,00O, 0O0, 600 have been spent since they
shot into Sumter, and counting city,
county, state, and national bonds we owe
some s., 600, 600, 900 more. Nearly Sl0,-
600, 900, 900 in three presidential terms
squandered in war, blOodshed, bribery.
and the loss Of personal and national honor
and manhood.
C.-Will congress do anything on the
resumption act
Mr.. T.-Who knows what congress will
do A bona 6de repeal is to endorse the
Peter Cooper platform. To legislate on
the Grant Bristow- Hayes plan of depriving
gresnbscks Of their legal tender is to lay
sinking fish on what little currency there
is To do nothing ia to float into univer-
sal bankruptcy. The bubble floats now on
three stocks-Lake Shore, Pacific Mail,
aud Union Pacific Lake Shore, go, Co.,
600 at 57-$34, 200, 600; Union Pacihc,
S36, 0OO. 900 at 60-$2l, ,6OO, 900; Pacific
Mail, S2, 0OO, 900 at 25-$5, ,OOO, 600. THIS
$50. wv, 700 bullion Jay Gould uses for his
battle-door and shuttlecock game.
Cone word more and will let you
of. If gold can tumble from 27O, the old
war prices to 108, without smashing the
country, Why can it not fall the other 3
per cent. without doing serious damaged
Mr.. T.-Suppose you had n hundred
foot fuse to powder magazine, ninety
nine feet are already burned. Do you
mean to say there il no danger in burning
the other foot : This conlndrum eX-
presses the situation. Ten millions of gold
are on the way. Ten millions Of cotton
are going out every week. Imports are
falling of. Exports are increasing. The
syndicate are pouring in their sales, and
gold is dropping by its own weight. The
European war question In q myth. The
presidential uncertainty does not count the
market. Hence the nearer We approach
to specie payments the sooner the crash.
hereby put myself on record against all
the bankers, journalists, and statesmen IN
the country. Let I'M zee who is right.