Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1877-09-26

TIE Amcriean Railway Riots Regarded
:. In Very Serious Light by Leading
French Organ.

ina Very Serious Light by Leading
French Organ.
The late railway strikes in the United
States are considered by the Paris Jour
nal des Debdis as indcati. &c of an extreme
" advanced phase Of disorganlzationn,
and likely 70 produce effects when VIII
leave their trace for u considerable
period. The following are some passages
from It's article ON the subject
It's not only the material loss Of capl-
tai which is to be regretted; the New
York journal Of Commerce, however, cal
cuates at S2G0O0,OOO the damage sus-
tanned by five Of the principle lines, AT
present the companies are SUNG the
counties and states to recover conpen-
saton for the prejudice they have ex-
pcrienced from riots which the local
powers ought to have reprcssed. Inc
county Of Allegheny alone, III winch the
town Of Pittshurg is situated, IS asked
for $i,000,0000, rs it was already III an
unfavorable financial position, it is not
likely to pay 1t turns to the state oi
Pennsylvania, asking1he latter to ulran-
tee the debt, but the request IS refused.
The material losses are, IN such cases,
the smallest part Of the injury; what
has Il greater and more durable import
ancc. is the commotion, industrial,
political, and social, which result from
n disturbance so profound as the late
strike in the United States No doubt
that country is undergoing an industrial
crisis, the intensity and duration Of
Il, III iyI
of it is the wholly premature and eXces-
sIve development of the manufacturing
interests of the nation. In those vast
regions, an agricultural population OF
two hundred millions might be planted
and they could live at ease; gradually,
by the side Of the farming operations,
that population would have begun work
ing the mines which are in abundance
on that territory, then TO extend their
navigation, favored 10y the immense cx-
tent of the coasts and the number and
depth Of the rivers; finally, little later,
when capital had become more album
dant and the population more dense,
factories would have sprung up of them
selves The United States possess T,5l4
miles of railways; but more than the
half of those lines are under scquestra-
ton, and sixty per cent Of the compan-
les do not pay one iarthing of interest.
The population Of the towns have be-
come enormous, comparatively to that
of the country, but the value ofproperty
has diminished lately by % per cent.
A correspondent writing from PhiIadel-
phia states that in that city alone twenty
thousand houses are to be let or sold.
The streets, We are told, are encountered
with poor, who being accustomed to
town life, prefer misery to the territorial
property they could so easily acquire.
The halfof the workshops and factories
are idle. The American mercantile
marine is in the greatest decadcncc; last
year scarcely twenty-one thousand tons
of steamboats, were constructed, Inn
migration is almost wholly suspended,
and, what is more serious, the Amcri-
cans are beginning to emigratc The
master masons of London, who are en-
gagged III a struggle with worlimcn,
lately dclibcrated as to whether they
would not do well to procure men from
the United States. The situation is
very singular one, and absolutely OPP
posed 10 what was regarded as normal.
America sends her cmigrants to the old
world, and still greater number to
Australia. Heaven guard us from
imagining that phenomenon SO con-
trary to the nature of things could last
for long series of years! 1t is due to Il
succession of legislative faults which will
not be eternal. The United States are
still the promised land for agriculturistS ;
fla European drtyln would commit an
act of folly to so and seek fortune there,
where only misery awaits him, rural
laborers may go there with almost the
certainty of acquiring ease. The last
railway strike Will, however, cause great
detriment to the peopling of the United
States; ii will deter and frightcn many
Europeans disposed to emigratc; il will
especially stop the introduction of CAPT
tai \ new country has a necessity for
money and men; but America has ut
present become very dangerous for
European capital. Except the scrip OF
the federal debt, no Investment cx-
lists on the other side of the Atlantic
which can tempt the most adventurous
Dutch or English