The examiner., 1881-11-26
The Coming De1uge.
The Plutocracy Carrying Things With a
 High Hand.

Ane FIuUOcracy carrying Things With a
 High Hand.
 The splendid buildingsin New York, on Fifth and Madison avenues, repre- sent the losses made in business and speculation by those who during the last generation were in comfortable cir cumstances. A. T. Stewart, by his competition, ruined thousands of mer. chants, and when he died he was said to have over 8 hundred of his former rivals among his employees.
 The whole country is to-day passing through the experience of the State of California. The discovery of bonanzas on the Comstock lode gave that State 8 period of great apparent prosperity, but the final result of the gambling spirit created was to sift two-thirds of the visible wealth of the community into the hands of less than forty per- sons, whose magnificent dwellings in San Francisco compare favora- bly with the highly ornamented
 
 New York. As soon as the people of the West Coast realized the situation Denis Kearney came to the front, the two political parties were broken to adopted, which aimed directly at the great corporations and the owners of the wealth of the State. Quite num- Der of these rich Californians have migrated to New York in consequence of the adoption of the new constitu- tion. But if the wealth of the country east of the Sierra Nevadas is to b monopolized by few bankers and rail road magnates, will not the history of California be repeated here? The revul- sion of 1873 brought the powerful Re publican party to it's knees, and led to the formation of Greenback party which only few years ago polled over 75, 900 votes in this State. Since the revival of trade the of wealth into still fewer hands has progressed with extraordinary rapidity, and thoughtful men cannot but be startled when they think of the possible chances of another great financial catastrophe. Our men of many millions, in their aeger pursuit of enormous fortunes have failed to recognize any interests but their own. : They corrupt the press, they suborn the judiciary, they pur- chase legislators and governors. They do nothing for the church. for the state, or for the cause of education. Their only recreation is horse-racing; they do not care to patronize letters; and their patronage of art is to make their own private residences more conspicuous and their pic ture galleries more talked about Their thought is only of self and their personal aggrandizement. When the great financial catastrophe which is brewing comes, as it always does, when least expected, what will these men of many millions be able to reply to the Denis Kearneys of New York, Phila- delphia, Baltimore, Boston and all our large cities? What plea will they have to offer for their robberies under the form of law, for their debauching of the press and legislative bodies, for their plundering of the community by stock waterings and money market ma 
 It needs no prophet to &oretell how this will all end. The preternatural activity in business will some day sud denly collapse. The swarms of work men now employed in our factories and in building railroads will be thrown out of employment. The wealth of the community will be found lodged in very few hands, and then will come that strain upon our institutions so wildly told by Macaulay. At that time the Hour, then as now, will be on the side of law, order and prosperity; but as the friend of all three, it but does it's duty to- day in giving utterance to this mely warning .-Neau Fork Hour.