New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-04-04

the solid men of New York make stout wall
when it is once formed, and that more thah
one demagogue has been known to beat out
his brains against it,
Attorney General Fairchid proposes TO squeeze
Mr. Tweed dry, at least of information. In
| our Albany correspondence the AttOrney-Gen-
| eral explicitly states that Tweed will not be
accepted as a witness for the State until he
supports his revelations with acceptable docl-
| mcntary evidence. This is exactly what is
wanted. 1t will be poor satisfaction to drive
| from public life such of his accOmpllces ana
tools as still disfgure it, and are now said TO
be obstructing this compromise. We want the
men who took Tweeds money to take Tweeds
place in Jail.
The Louisiana Commission left Washington
YESTERDAY for New-Orlcans, but the swifter
| flight of the wires carried to the people OF that
| State last night the more than friendly and
pacific utterances of President Hayes, en-
bodied in the instructions to the Com
| mission. IF they do not secure Tor the
members of that body grateful reception In
that State, then the people OF Louisiana VIII
not accept any olive branch that is offered
them. IF they do not hasten and indeed
almost assure the full settlement OF the
conflict in that State, then the people OF
| Louisiana do not propose to be concilated.
| The President goes as far as he well can III
assuring the parties to this controversy
who now consider themselves aggneved,
that he will do his utmost to see them
rightcd. He takes pains to show his I'M
| patience of military rule III sovereign
| State. The Commission is requested not TO
| find out whether military interference should
or should not be continued, but to discover
the best way "Of putting an end to It," The
cessation of this interference is declared to be
a matter which the President has "much at
"heartn Can the people of Louisiana ask for
| a kinder judge than this7
The children that Knocked at the prophet
fell into the hands of the bears. For months
TIE TRIBUNE has been warning investors of
the unsoundness of number of stocks
on which banks were lending money. ana
in which guardians were investing trust funds.
For months the managers OF these cor
porations have denounced us for this with
increasing virulence. But one by one
they are being gathered in. They said
to TIE TRIBUNE, $50 up, thou bald
"head :" and the bears are placidy devour-
ing them. TrcnOr w. Park is the latest but
by no means the last. Yesterday at II o'clock
he was reelected President of the Panama
Company. At 1 o'clock he failed. At
o'clock, Panama, which has been held stead
ily on his orders at 12O against all bids, had
dropped to 80, and where 1T Is gong
now nobody can tell. Pacific Mail, in winch
he was also the inspiring spirit, touched l2s,
and is probably worthless. The extent OF Mr.
Park'spersonal embarrassmentsis not etknown,
but certainly he has not acted with reasonable
prudence in the business of collecting
from The TRIBUNE the 100000 due,
as he says, for damages done his
character in the matter Of. the Emma Mine.
hundred thousand dollars clean cash would
be very handy thing to have about his house
just now.
Investors who have had the wisdom to
accent the TRIrUNE's warnings, instead of
snarling at it for telling them the truth, may
comfort themselves this morning by COM
pairing the prices they have realized
with the present prices of some OF the
misnamed securities" we have exposed.
Thus, when our trustworthy correspondent
at Panama first explained the real con-
dition of the Panama Railroad, its stock was
selling at 1871; yesterday the closing bid
was IS. When The TRIBUNE first ex-
posed the rottcnness of Pacific Mail, it
was ranging from GO to so; yester-
day it was - When we first explained that
New-York Central was neglecting its
equipment in order to scrape together
money to pay uneamed dividends, it
was selling at 115; yesterday it was 1913.
When we first called attention to the un-
soundness Of New-Jersey Central, it was sell
ing at ITO; to-day it is worthless.
When we began anayzing the reports OF
the other coal roads, both Delaware and
Lackawanna and Delaware and Hudson were
above par; now they average about half as
mucb.-Thc list might be prolonged. but the
figures given are enough for one days diges-
ton.