The herald and mail. [volume] (Columbia, Tenn.) 1873-188?, 1878-01-25
George Francis Train as a Prophet,
Exchanged
PELAGIUS.


In the year 1872, nearly two years
before the panic, in speech made,
standing upon the steps of the Custom
House on Wall street, he pointed to
the baniing-houses of JAY Cooke d
Co., of Henry Clews & Co., and Dun
can, Sherman & Co, and prOphesied
that in less than two years from that
time these houses would fail. He also
at that time toretold the death of
Horace Greeley, the great fires at
Chicago and Boston, and the loss of
the steamer Atlantic, all of which pre-
dictions have been singularly fulfilled.
At the time they We're made many
persons thought him a wild fanatic,
and only laughed at his supposed fol-
ly. -Four years ago he said that the
policy Ofspecie resumption would be
pursued, that the value of property
would shrink to such an extent that
all above the first mortgages would be
wiped out, and large majority of our
business men would be forced into
bankruptcy; and that finally stay laws
would be passed to prevent the money
lenders from absorbing all the proper
ty of the country. The bankruptcies
have already taken place, most of the
mortgages are wiped out, and some of
the Western States are now passing
stay laws.
In Il speech delivered In the Opera
house at Newark, last April, he told
the audience that in less than six
months there would be u run on the
savings banks Of that city. This pre-
-diction has just been fulfilled by Il run
on all the savings banks in Newark.
In scores of other instances, when he
has foretold the death Of certain par
ties with whom he was acquainted, a
singular fatality seems to confirm his
predictions. In Rochester, last spring,
he foretOld the terrible riot that took
place in Pittsburg.
He now prOphesies that if the Re
sumption Act is not repealed that it
will cause "a reputation not only of
the national debt. but of all State,
city, county and town debts, produce
the failure of all banks, savings banks,
life and fire insurance and trust COM
panies, the cancellation of all mort
cages on real estate, the wiping out of
ali private debts, the plundering of
every bank and the hanging of every
banker In Wall street by the lnterna-
tionals, Social Democrats and Work
ingmen. All the daily newspapers es-
tablished in the city will he burned,
and their editors taken into Compkins
Square and shot, and that Hayes,
Sherman and every member of Con-
greSS who has voted for the Specie
Resumption Act will have to flee the
country or lose their lives. After this
reorganization of society and re-
building of the waste places, through
the aid of greenbacks, will take place
The facts, figures and arguments
presented ON this currency question
! force the dread upon us that these
frightful disasters, that Mr.. Train pre-
diets, may come true. In fact, if the
| Specie Resumption Act is enforced it
! is difficult 20 see how any other result
| can he reached.
\ prompt action 10y Congress in re-
proling the Resumption Act would
! nut a stop to all this at once. The
! adoption of DIR. Miller's financial
! scheme would change this flood tide
of evil 10 am ocean of prosperity.
viii Congress, the press, and the
| Wall-street Syndicate, and National
Banks, be wise in time?