New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-10-25
sECRET4RP FOLGER on STOCKS.

The plain people of the State are not much in
with Wall Street Very prominent TOO IL the minus
of the Treasury absolutely within bis power 10
make break tie Wall street market Nothing conlG be
further from our thought than 70 mpute 10 Mr. t0ger
the shadow OF an intention this power wrongfuy
We know him very well, and We 40 not for moment
oe the State do not know Mr. Fogc
Wen DO here IN Albany and MS reerense TO- 70 we
some them wear the garb Of athreat-lAIoany Jour
nal CRepJ
The letter of Judge Folger to the Hon. A. 5.
Draper makes an impression of disgust aud anger the
people The Argus not alone IN Regarding ii as the
Threat of the Treasury TO 6aakrup' tae country New
York votes down the head Of the treasury Othel pa
pers-guarded in their language bee Ause Of the epuD
hcan liutatvns-take the same view re real interests
and great mass OF honest workers these ups ana
DOWNS engendered by SPECTATORS are u no concern az
oil Mr.. rogers use OF their antios as q eaipiaiga
OF his or stawart managers. In campaign Iul OF
blunders.-t Albany Argus DEM
In the remarkable letter addressed by
S Sartmen;. once Of the Secretary, Washing
ton. October L. 1882" to the chairman OF the
Implied tareat OF nature atrociOus and from source
10 startling that II must cause thinking people every
where who been disposed to look fa7OreDly upon
sscretary Folger man. set TO WORK revising tnei
opinions The threat IS aimed al tie business III eress
OF the country and IL is no less peisOnagc 6n tue
Secretary the Treasury who aims II Fail t. elect
me- Governor, fyOu dare " are the WorGs written be
tween the Lines OF that etter-lSyracHse Courier tDem9
1t was evident in the first flush that Secre-
taFy ger made fatal bunder When he appealed for
votes for himself in his Albany letter. the ground
that there had shrinkage OF @lOOJOOOO ii TIC
values properties since aud because OF the OHIO
election aud that this shrnkage viii continue and IN
the defeat OF the Republican candidate for
Governor ia NewYOrk The cretary Is the ofic'al III
whose hands intrusted The financial weuoelng oil
the Nation; II Is III his power, a. Secretary OF the
Treasury. put values up to put them down and
there widespread mpr sslon That the secretary mas
made Of the immense discretion that re-
aides in Office 70 advance the financial well being "
the country. BE that as II may, TIE argument upon
which he demands for himself is distinct1Yey
the argument Of stock broker aud speculatOr and
argument VI patriot. The best evidence OF tins
Is the tOa alsity OF the statements made IN the Albany
letter Utica Herald (hepl
Secretary Folger in his letter of last week
TO a Republican committee at Albany said: 1t is esu-
mated ron well founded data that Wednesday, the
18th Of October the day following the Democratic vic
tory in OHIO there shnkage OF value. IN the great
properties OF the country of over S4OOOO0OO. That
thrinkage has been going since" Ii believed by
many who DID not accept Mr. FOlgers explanation Of
the alleged decline and regarded the political ment
based worthless that lie IN his
OF facts correct Ii could not be supposed that
the first financial officer Of the Government, who
had held high judicial office many ycars, would IN a
wfu reckless manner nisrepresent the condition Of
the stock market further his own Interests cani
date lOt iL appears that this the TACT. table
showing prices Of twenty active stocks on the DAY
following the Ohio election, proves that Mr.. Foiscrs
Statement Is false Only six stocks IL the list showed
decline day az or the Republican defeat IN Ohio
three renamed stationary aud fourteen advanced In
value Buffalo Courier (Deml