The Saline County journal. [volume] (Salina, Kan.) 1871-1893, 1879-04-24
SINISTER PROPHECIES.
Things Good and bad. in Store In tae Near
Future.
Prnsp tho New York TYihune

Things Good and Bad. in Store In tas Near
Future.
From the New Yak Tribune.
Mr.. David G. Croly. the late editor-in-
chief of the Graphic, has an alarming rep
utation for making pretty accurate predic-
tions. Where they have not happened to
turn out accurate they have deservedly
attracted a good deal of attention. In
the autumn Of 1872 Mr.. Croly published
a remarkable article in short-lived mag
azine entitled The Modern Thinker,
wherein he said, 81 predict that within
perience the worst financial panic known
| to its history. 1t will be more widespread
| and disastrous than that of 1887. All the
debts created by our paper money wal
will be wiped out or compromised. Land
value. This panic will be precipitated,
in all probability by the failure Of the
Northern Pacific railroad and. perhaps, Of
the banks who manage it. This will bring
to light such an amazing amount of fraud
in connection with our railroads as to dis.
credit all stocks, good and bad. The
bears will hold high carnival. The men
of most repute in business circles and on
the street will prove to be common
cheats"
A good deal of attention was attracted
by the fact that the Tribune, FIVE days be
fore the panic, warned the public that II
was coming. But what shall be thought
of a magazine writer who gives the same
warning, with precise details, nearly q
year beforehand! Ordinarily prophets dc
not receive much credit. and especially
prophets of evil. What Mr.. Croly has al
ready told, however, warrants special In
terest, at least in his present predictions
They were published day or two ago il
the Graphic, and this is his own summary
OF them:
l. The year 1879 will, on TIE whole, bt
a prosperous one for the United States
There will be general revival of indus
try. labor will be employed and confidence
in the future universally felt. Before the
close of the year there will be wide
spread interest in precius metal INNING.
A dangerous speculative feeling In Other
industries will soon show itself.
2. There will be a partial failure OF
crops this year. Our hay crop on the At
lantic slope will be short.
3. At least two important failures OF
Wall street magnates will take place this
year. They will be ofpersons with whose
names every one is familiar.
4. An unsupported weakness IN our ma.
tional banking system may be developed
during the coming year.
5. The disproportion between our ex.
ports and imports, such as We have wit.
messed for the past two years, will come to
an end before 1881. Home prices will 60
higher and foreign goods he sold cheaper
We shall export less and import more.
Unless the unexpected" occurs there will
be drain of gold abroad. and the resump-
ton, as at present established must be
| legislated upon anew or 1t will fail.
6. Should the country be prosperous
and resumption stand until the national
conventions meet in 1880, John Sherman
will be the candidate Of the Republican
party for the presidency.
Z. Resumption has not settled all our
financial difficulties. Questions affecting
the business interest of the country will be
the subject of many warm political con-
| tests But the final result will be the es.
Enlistment of national bank similar to
that Of Great Britain or France, but prob
ably called by us by different name.
When that occurs the secretary Of the
treasury will be stripped Of much Of the
power he now possesses.
8. A foreign war before many years are
over is not improbable. due to the weak
ness of our navy and the unprotected con-
dition of our rich seaport cities.
9. New pestilence, or the revival of an
old one, which will affect the people in,
habiting the temperate zone, is among the
probabilities of the near future.
10. A new motor will soon be discover
ed which will make air navigation posi-
hla