St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1877-09-28


disgraced public position. The worst
of these last crashes is that of the Clair
mont Bank, little savings institution
with only $137 900 of deposits, made up
almost entirely of the very small ac-
foundations of the poorest class. 1t
now comes out that half of this sum has
been either lost or stolen, and that the
conduct of the officers of the concern
has been such as would almost warrant
resort to the lynch law, in view of
the certainty of their escape from seri-
Gus punishment at the hands of the
proper authorities. Talk about stealing
the pennies from dead mans eyes
That offence is venial besides such
crimes as are almost daily coming to
light among the custOdians of trust
funds. The dead man is no worse off
for the loss of the coins; but the squan-
dering or embezzlement of such little
boards as were cOnfided to the Clair
mont Bank, especially in times like
these, is but one degree removed from
murder; for it takes the bread from the
mouths and, worse yet, the courage from
the hearts, of the most deserving and
at the same time the most helpless class
of the community.
The decision just published of the
Court of Appeals of this state sustaining
the Rapid Transit act of 1875 is hailed
with extravagant delight by the people
of this city who have been as earnest in
pushing forward the interests of the
companies promising speedy transport
tatiOn us the horse railroads and a few
Obstructively inclined property owners
ho 20 hnnn in 70
The pro and the con of Rapid Transit
as it affects the city, may be stated in
a nutshell. All that can be said against
it is that it will take some business
from the horse railroads who deserve
to. lose it, and that certain residents
and merchants are narrow and selfish
enough to desire the defeat of a public
Improvement for fear that it may incon-
venience them in some way although
it is certain to be of more than equiva-
lent advantage to them in others.
On the other hand it is as plain as
day to the most casual observers that
New York City has lost from one halt
to three quarters of million of inhabi-
tants within twenty years by having no
swift and speedy line of travel through
her length. This immense population
has settled in Long Island and New
Jersey which to our shame be it said
have been even more accessible to the
business portion of the city than almost
any part of the residence sections OF
Manhattan Island. The property which
| this population own and the taxes which
they pay are sources of municipal
wealth out of which the Empire City
has fairly been cheated by its lack OF
proper transportation facilities.
The sweeping victory just obtained
gives reasonable promise that this alb
surd state of things will be speedily
changed. Should no further obstacles
be interpOsed, considerable extent of
the present Elevated Railway, and the
building of the new Gilbert road over
Sixth avenue, will very soon be COM
menced.
After vainly eHdeavoring to swap his
knowledge of the unsnvory history of
the Ring for his liberty, Tweed is now
voluntarily telling the whole story of
the Aldermanic Committee of investi-
CATION. He is pouring hot shot into
Tammany and good many other
places. When he gets through talking
and the victims commence replying we
are likely to have what tine Dutchman
calls ''hlaindy fun
| 1t was Il surprise and Il sensation on
Wednesday last when the democratic
state convention nominated General
Mcclellan for Governor. The tumultu-
Gus enthusiasm which his name awoke
in the convention shows how the little
Mac" of the old times has been remem
bered by the people through good and
evil report. He is cleanhanded,
scholarly and practical man and so uni
versally respected that none but favor
able comments upon his nomination
and certain election are heard from any
quarter. RADIX.