The Baltimore County union. [volume] (Towsontown, Md.) 1865-1909, 1880-05-29
CorresPoRdcnee Boiii@ore Couniy Caios.
LETTER FROM BALTIMORE.
TIE Reading r. r. Faiiure-sharp Poiiti-
cal Debate In Congress-The Nation
al Convention-Use OF the Parks
for Temperance and Other
Meetings-Intense Heat
Tho Races, &c.
BALrIxoaE. May goth, 1850.

BALrIxoaE. May Goth, 1850.
The failure Of the great Reading Railroad Com
Pany, though not unexpected by the knowing
ones Of the great financial centres whose business
u IL a. keep posted on the condition Of the cor
iorations whose stocks freely dealt In, cor
ncred, badgered, bulled and beared in the markets
and exchanges, was yet great surprise 90 the
general public, which could not but feel n shade
Of disappointment at such blow to the general
expectation and confidence in the genuine and
permanent revival of business prosperity, and
many began % fear u the signal for gener-
nj tumble again in values, and some argued
that IL forcbodcd another panic such as followed
In 1873 the collapse OF the Northern Pacific
There were indications Of n sympathetic decline
Ia many stocks. but governments went up under
the influence Of the disaster, . very comforting
state of affairs to those fortunate enough TO hold
plenty Of such bonds. and circumstance which
might almost lead such 10 concur in the famous
proposition Of some years back Of Jay Cooke that
n national debt was \ national blessing. The
Healing Company seems to have been n corpora
tion with great many too many irons in the Gre.
Not only had IL absorbed all competing and feed
ing lines. but Il had branehed Of into outside OPP
erations and speculatiOns Of many kinds. Real
estate was bought ON every side, coal mines and
elevators were worked, wharves were erected,
steam ships built. and the proportions and varie-
~ Of the business done required the genius, the
kill and the experience of dozen men. though
Mr.. Gowcn. the president, centrcd all the leading
wires in his own hands; and Of n speculative dis
position and with very substantial bottom 20
many Of his enterprises. Il 10 not strange that
when the time Of pressure came the company had
60 suecomb. This 10 the second time 10 has sus.
pended. and nov its affairs are in the hands Of re-
ccivers appointed by the courts, and our English
cousins. whose money Is largely invested. are CON-
planning bitterly. and Il would seem. as if with
Just cause. that they have been deceived as to the
true condition Of affair.". Rumors Of financial
distress in Wall street abounjcd yesterday. but
no failures were announced. and an astonishing
amount Of business was done, prices advanced.
and the testimony 10 general that the losses
tanned have fallen, far, on those well able 10
bear them.
In the Senate yesterday . general political de.
bate was very near being preciPitated upon the
the country, not nj all 20 the liking. and 10 the
utter reversal Of the policy. persisently adhered
10. Of the Democrats. Mr.. Bsyari's bill relating
20 supervisors Of elections being under considrra.
ton. Senator Teller. Of Colorado. made an assault
in terms most ineisive aud severe, yet carefully
guarded upon the position Of the majority. upon
its record AMI its methods, boldly maintaining
that |; had done nothing during the present tes-
sion and did not dare 10 any thing: that they were
afraid to venture even To 60 into caucus that all
they were bold enough to attempt was Co remove
the safeguards that still surround the ballot box.
This proved bomb shel which awoke the slum.
bcTing eiOluence VI the mouth locked Democrats.
and they proceeded with more yehenenee than
logic To- make iheir disclaimers. Hampton, Of
south Carona, N discussing the abolition Of poll.
ing places in his state aud the inyuisbment Of
the colored vote declared that IL was a mistake To
conclude that Republican majority necessarily
attached 60 a prcl,onderance Of colorei people.
and boastins that he could be elected in his State
by .coloTei voters alone. 4 belief from which
many would diher " provision could be made for
tie free deposit of the ballots II is said by those
pTesen; that IL looked very much like the whole
mcnaseTic would be stirred up. and that the dc.
bate deferred till to-day will bring up spicy
incidents and cross firing.
Attention begins TO concentrate on Chicago, and
the arrival of every distinguished member Of the
party. hi. doinss or supposed dOings beget discus
zion. and on or the other side, suspicion. Yet
while fealty 10 favoritcs demands strenuous exer-
tions on their behalf aud though turmoil and dis.
cord now abound. there j. every TO believe
that harmonious eounsels will prevail. and that
out % chaotic and divergent views Of public policy
will come peace. concord. confidence and victory.
There j. no reason to believe that the great Re.
publican party. the one party in this country Of
conscience and principle. will cut its own throat.
still lees. probably. that any one faction, the
friends Of any of iis leaders, will attempt, far
lees succeed. securing by any trick or deception
by the subsection Of the popular voice, the scec-
;ion Of iis fayorite. II is time for wise and pru
ent procedure, and the history Of the party 10 the
I'as, forbid, us doubling tina, sssh . course will
be followed now, to the gain Of the party and the
honor of the country.
The prohibition by the commits sioners Of the use
On Sundays Of the public parks Of the city for the
ineeiings Of religious. temperance aud other
citations has been the subject of a good deal Of
criticism from the pulpit and by the press we'll
by individuals. bat a rule the decision il con.
tFtnel By public sentiment founded alike in
equity and wisdom. The parks are justly regard
ei as the resorts Of the people. and the people
should not be subjected To- be excluded from any
portion of them nor be liable To- hear continents
there promulgated obnoxious or disasreeable to
any portion Of them and on a broader ground
than this. that II the permission j. granted 20 one
body Of any tene;s orprneiles il must in fairness
be allowed 90 all who apply.
FerVii - Is the political heat. the Thermometer
marks an equal degree of ply sies!, yesterday in
this city being one % the wariEe.t days which
May has seen for many YEAR,. having fairly push
Ell the mercury up into the ninetics. The heat,
however. had little eject on the races. which for
an opening day reported we'll attended.
much animation unaffected. the ladies radiant in
their bright eclors and interested participation.
fair u not exciting sport and good time. Many
strangers here, but the city scarcely seems 90
lively a. during previous spring meetings.
One of the big enterprises Of our city is begin.
ming to show its great proI.ortons-,he new yards
Of the baltimore Live Stock Company. This as.
ISOLATION comprises among it, promoters some Of
our most solid men. aud some similar heavy oper.
aioFs % Cincinnati interested, whilst the iai.
'imore and Obs" Railroad Company gives sub.
.,aniial body to the whole operation, which will
be one Of great magnitude, and eonduee very
largely % extend the trade of Baltimore in the
direction 81 eentreins here a vast trade in cattle
and other live stock Tor home markets and export
AsATE.