New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-03-17

mfacient 70 cripple the industries OF great
state There is a well-grounded confidence IN all
American communities that society," Is Io"so"-
ably safe against Kearneyism, ana that nOtnins
worse than brief riot is ever 10 DC "Pli0
bended from agitatOrs of the Sand Lo's ype'
Business is not long or seriously dsturoeu 10y
their demonstrations. The CHIEF cause OF tne
denression of trade in California, the cessation
of imnortant enterprises, the sudden arrest I'D
the development of the resources OF the H'a.e
and the outflow of capital toward the Last 10
the attack upon property Owners mace Dy INC
laws not by lawless rioters The new consul
tution embOdes in decOrOus language the saihe
ideas which the blackguards OF the Cohhu-
nistic party have been trying to express III
threats of pilage and assassination. Inc de-
hates over bills by which the Legislature Is
ondeavoring to carry ont the principles OF the
Constitution are marked by an intense nos
tlitv TO all moneyed corpOrations-to banks,
railroads, etc, etc. which III most CIV 'HICu
communities are regarded as Invaluable
agencies of public prosperity. when the pos
session of wealth Is treated as a sort OF al
front to the people, and is punished Dy 'he
imnosition of oppressive and unequal taxes,
the men who have money will go away WIN
il ms fast as they can to some STATE wihcn Is
willing to leave them unvexed IN the ENJOY
mept of the fruits of thrift, sagacity ana SoOd
luck.
When the taxation bill was under discus
sion in the California Assembly, little while
ago one of the members called attention 10
the fact that the agitation against corporations
had resulted already in driving out OF exist
ence one-ouarter Of the savings banks ID the
State. and enormously reducing banking capt.
tai and deposits He was answered that
sovings hanks ought to be abolished; they
prevented the money from finding its way
&" into. permanent improvements But the IN
sane system of legislation which treats
savings institution as public nuisance Is nj
the same time making any investment III
permanent improvements impossible. II
"vou want to repeat the experiment for one
wear more" said one of the dehaters,
chaos will come again in California. The
"gtrain is well nigh unbearablc. There Is a
WIDESPREAD loss OF confidence. Every man
is afraid of his neighbour. People are walt
81 mo with bated breath to know what you are
- going to do. The country Is filled with IDLE
"mcu. Where is the man that dare give them
emplovmentl Where is the man that dare
"inaugurate enterprises anywhere III CAN
"folnia to give employment TO these idle
"men 2. There is n constant stream OF values
"passing from California; aud ! say again, 1t
" has only to continue another short twelve
"month and the fiuncst house In the STATE OF
california will crumble to the dust"
1t seems to u that the most serious danger
TO the State Is to be looked for at Sacramento
rather than ut San Francisco. No "harmo-
mons and mutually honorable settlement "
is possible except upon basis OF justice OF
which the lawmakers of California show no
very lively appreciation. The unfortunate
and daluded people viii not find complete
relief until they have got rid of their new
Constitution but meanwhile The Legislature
if il chose, might mitigate the mischief
caused by that monstrous instrument. Having
suppressed Kcarncy. the Citizens Protective
Union VII perhaps find good field for It's
activity in sustaining tie enlightened and
conservative members Of tic Legislature IN
their efforts to save something out Of the
wreck OF California credit.