Evening star. [volume] (Washington, D.C.) 1854-1972, 1881-10-15
Rufus Hatch ON the SituatiOn-Finance
and Folly, Etc.

NEW YORK, Thursday, October H.
In finance everything is at skies and sevens
Sentiment is the order of the hour while the stern
realities Of life seem to be at discount. Witness
the neglect Of solid aid to the needy Michigan fire
sufferers. If the modern Cyrus would now give his
attention to this branch of charity, history would
read better. The sentimental columns of the
newspapers are devoted to the murderer Guiteau-
reasons why he 'remOved" the President, and
where he can insist on being tried. If he can only
be proved insane. his lawyer can ask fer a sub
scrption of sa5OO0O to employ counsel cr to buy
Judges and jury There is no telling where sentf-
ment will stop, when a full head of steam is on.
Some sentiment might properly be expended upon
the corn deal in Chicago the short and the longs
those who buy what they do not want, and those
cannot be adequately treated without figuring I'D
the number of farmers who work for living and
late and those who feed
1t is reported in the newspapers that in the re-
cent fire in Morels storehouse poor Mr.. Wander
bilt lost picture costing S55,C00. Had the money
been invested in tenement houses for the poor, Mr.
Vanderbilt could drive Maud S. around every week
or two and see that things were going all right 1t
would have been much safer Investment Senti-
ment might have chance to do her perfect work
here by starting subscription in Mr.. Wander
Also, some thought might be profitably directed
to the fact that the European market absorbs our
exports it again to America, while we pay duties
on it, and wait for our manufactured goods till they
have crossed the ocean twice.
The true 1nWardneSS Of the present corn deal in
ChlcagO is that the majority Of the Chicago Board
OF Trade directors were bulls from about forty
five to fifty-tive on merits At about 1fty-five to
sixty they sold short, not knowing, and later on
not believing, that there was only half a crop
grown this year, as compared with last Wicked
New York spectators were better posted, and
continued to buy until they had bought the entire
crop of 1881. Then the Board OF Trade directors
found themselves short, and decided that corn was
only worth sxtX-twO So corn corners in Chicago
are only a repetition of Jay Gouldism in Wall
laws to suit their deal. Thus eminently respec-
table frauds win. while men who pay hundred
cents on dollar are at a discount
The judge in chambers in Chicago has very prop
ery, OF Improperly, charged the grand jury in ref
erence to confiding publc's buying and selling
ter should be thoroughly sffted. The grand jury
should pick up some poor fellow who lost his
and all the other like transactions that have come
under his notice; then put on the stand all the
officers of the Chicago Board OF trade the railroad
officials and the editors and reporters who Know
something about it, to tell who has been selling
what he did not possess and who has been buying
What he did not need A large delegation might
be summoned from Wall street, probably equal in
numbers to the democratic convention held this
or the court itself has had nothing to do with
grain speculation during the last year, much the
better for the court.
Our readers may expect to see grain and pro-
visions sell much higher here before another har-
vest than they do in Europe The immigrants are
coming to a country where the cost OF living will
be far more than it is in the they have left.
Our Our o eSports POI OF wheat and corn alone will be
$4,000 GOO to $3.50 CoOoc0 less than for the corre
spending dates last year.
We read that the Reading and New York Central
railroads are to be consolidated; this probably will
include and improve the preferred bonds.
The fight among the trunk lines still continues
and fares and freights only about one-quarter
to one-third of what they year ago. and only
half the amount to move We read that Mr. VAN
derbilt intends to bring all the railroads in this
country to terms: The New York Central viii re-
duce its dividends to four per cent, and so Will
Lake Shore, according to a Semi-O1icial report.
Ihat the government OF the United States viii
suspend specie payment within two years. if it
continues 10 use all its surplus revenue in buying
SibilitieS.
The money market at all the great financial CEN
Tres or the world, including New York, is higher
IMAM IL has ever been at this season of the year
Ihe question naturally arises, is there money
enough IN existence to flolt all the wild schemes
cuIlues! RUFUS HATCH.