New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-09-17
PACIFIC COAST TOPICS.
,,,,pOo politics AND SOCIETY.

rrRoM AN OCCASIONAL CORRESPONDENT VI .,a dul.
SAN Francisco. Sept. 9.-Ah """O 1...,,r, in
mass has marked the summer ho''' - Atob
\bis city OF sensations has been Us "0"" ,,,
~xa,er The bottom has droppeo o"' y, ,.ir,
market and Pauper Alley once the I"o','' ,.1
olace of thriving brokers' is "ei''niE" ~, tbo
NJ ,nn,stocks. which once made fortune ioi 'ne
,.ossessor of n score of shares now sell iof Il
go o,rts each and the Stock Exchange Is iol'eo
ALL 10 work ND an excitement over pitlIul rI7o
ar "tyvo-bit" stock -worl which II ohce WV
.,ated TO that guerilla Of speculation lhe c"'"
stone broker Several papers when seem ~ No
no excuse for being are still engaged III 'ho i"
aous attempt to prove that the CohS'ooh' 49, az '
nxhausted and the crowd OF ragged anu "i''' M
who have sunk their savings IN s'ocAS " VIZ
eun themselves in Pine-st., take heH' VI So
from these faacious arguments al" uo.'',
-, 80 = I,ttle longer to the fOrlorn hope OF ior-
time. Within the week there mas oeeh uespo'"'o
ottempt made by some of the brokers to force up
800 Int the result proved that the public Gre
anlitv had been as thoroughly worked out as the
,rines themselves There was d total collapse oi
The boom Yesterday, and though the excitement
may he renewed again in few days II VIII sue
ceed only in catching q few shorts" Nothhg has
been discovered in the mines 10 warrant any adj
vance although Mackay is there III person direct
ing the work.
One may look with pity on the financial wrecks
that are seen in Pinest., but the ctys prosperity
As more sound and healthy than when their pockets
were full and their hopes high. Dull as the city
has been in the way of news. its trade mas been
steadily improving and at no time since the great
soIlapse six wears ago have so many country mer-
chants come to town or have their orders leen so
liberal The city is changing its character slowly
lint none the less surely 1t outgrow ing the proV
cia tone which always seemed so striking contra
icon 10 the eager life and businss activity dlspayed
in its streets. 1t is becoming more Ike an Eastern
city and less like Western town which expects 10
sell corner lots the strength OF wel-organlzed
1boom" Its old dread of the earthquake seems
TO have pissed for the new business BLOCKS rlslhS
In the lower quarter of the city look Ike the whoe
sale houses OF New-York and give an air of dignity
md pern,n.nce 10 streets which used to have the
APPEARANCE of the struggling thOroughares OF u
Spanish American town.
The dull and dusty summer. however, BIDS fa't
TO he succeeded by an unusually lively Antuihn
Politics promise to furnish amusement Tor all par
ties The two State conventions have been held ana
the rival tickets ia the field To this canvass
will he added the local municipal election, for by
N recent decision of the Supreme Court. state ana
CITY elections must be held hereafter In the same
wear Neither ticket can be called robust one,
although the Republican is far stronger than the
Democratic Both have adopted the anti monopoly
cry because this means the votes of the granger
element but judging from the men who have been
mt forward It would seem that the candida tes
were not on speaking terms with their platforms
The Democratic ticket is headed by General George
Stoneman man whose record is good but whose
abilities are very mediocre His character was
shown by an incident in the Rebellion. related
with dry humOr by Horace Greeley in The Amer
Jean Conflict" IN which StOneman surrendered
20 one-haf his own force and then shed tears over
his blunder. In the face of tins record he pre-
faced recent speech with tho nal We remark that
as all great generals were poor speakers. no great
effort need be expected from him The result was
that he was retired to his ranch at San Gabriel
The head of the Republican ticket IS Morris NJ
Estoe an able lawyer who was prominent In the
fight to secure the new Constitution The major
part of the ticket is composed of good men, but
many of them are untried in public Office. The
most str king feature of the Republican Convention
last week at Sacramento was the appearance of eX-
Senator Newton Booth who served rs chairman
mud who addressed the delegates with all bis old
time coquence. The contest Will be close IN this
State but the Republicans have the best chance of
success
A singular case of incompetency'which has excited
d good deal of comment here is the management OF
The Veterans Home Fund. Over thirty thousand
dollars was raised by popular subscription and by
Series OF entertainments to purchase a site and
build home for disabled veterans OF the wal. An
executive committee was appointed to select
site aud conduct the necessary business. The com
,nittee hired secretary at a good salary, and for
three months has been searching for site
About a fortnight ago some of the WHO had
helped raise the fund demanded accounting
OF the committees stewardship IL was then found
that the accounts were in the widest tange and
that 40 vouchers could be produced for the eApend
jture Of several thousand dollars. The manner in
which the books were Kept would have been dis
grace to an amateur in slngle-entry bookkeeping.
After two weeks of perspiraton and profanity. the
chairman and the secretary Of the committee con
jesSed that the yagrant vouchers could not be
found One officer resigned the other was legis
lated out of his position by an amendment to the
bylaws. An expert accountant has been assigned
70 the task of bringing the records Of the commit
tee into business like order, ana the new officers
will probably see to IT that the Veterans get home
Before death claims them.
During the discussion over the Chinese restriction
Dill much was heard about the bad condition Of
business this coast caused 10y Coolie cOmpe-
ttiOn. While there is no doubt that the Chinese
1ave injured several branches Of manufacture IN
this clty--LOtably the making of cigars and shoes
then influence on the country has not been 80
perceprGle. All farmers declare that they could
not secure sufficient help to harvest their wheat
this season; the demand for all class of labOeIs
far OutIuus the supply, and this demand is at
wages which would be regarded at tho Fast as
unusually good. You will SEE here none Of that
pnchng pUverty which a walk through the tene-
mcnt quarter Of New York always reveals No
wOfklngnan in this city on this need suffer
for the lack of good food and comfortable clothing.
The climate is Of the best IN the world for
tinuOus work and there Is never any lack of EN-
DlOyment. The main trouble with tie working
people here IS that they spend more for luXurles
than they do for actual necessaries. The natural
tendency of the Vest is 10 eXdggerate the lmPOr-
1ance OF the individual man Personal Inoepen-
denCe Is Olcusivey self-cOnsclOus. The wOrkibgman
always feels that he Is equal to the millionaire
This Is all very well but when he attempts to cut
tvate the tastes of the Weather class he comes
70 grief SO in this city trds large number Of