Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-10-24
THE DEM0CRATIC TICKET.
roLsrR,s LAs Tile.

A recent letter from the Hon. Oh aries u
Folger, who is not only the Secretary oil the
Treasury, but theacaDdidate Of the Repub-
Iican party for the honorable and response
bic position OF governor Of New York, al
fords another and most melancholy example
OF the reckless and extravsgant statements
daily emsnating from gentlemen claiming
the title of stasesman. In response 10 an
Invitation to attend Republican meeting
stAlbany, the capital Of New York, on the
18th instant, Secretary Folger allowed him
self to be- made responsible for The follow
ing reckless and extraordinary declaration:
The Ohio election TOOK place on Tuesday, the
10th day Of this month. II resulted In gain 70
me party O. once se sHOe juSiant
claim Tor the organs Of that party That tne next
How I'D b1ssles and capital regard that claim
and the cons q1enee oft If true? r Is estimate
lin Of October, the day following, there was a
shrinkage Of values IN the great properties OF me
country Of over S4oeooSOO VIII VIII he ELECTION Of
the Democratic ticket In the State OF New YORK
increase it and give 1t greater reason ior
These are questions for hesitating Republicans 70
ponder. z
A gentleman familiar with the subject OF
which he writes shows the utter fallacy OF
this assertion of Judge Folger by simple
reference to facts and figures, which demon
strate that the advance in the price Of wheat
and corn, two of the great properties of the
country" have added scores of millions 10
their values, while Mr.. Folger cannot name
a single intrinsic value that has fallen of to
any sppreciable extent. Even that sensitive
financial barometer, the stock market in
Wall street, has remained undisturbed, as is
shown by the fact that, OF list Of twenty
i've of the most important railroad stocks,
daily bought and sold at the Stock -Ex-
change in New York, fourteen have ad-
vanccd in price since the Ohio election,
six remain in ssdtu quo, while five only
have slightly fallen off from previous quo
tations. Mr.. Folger has not commended
himself to the reepect or the confidence OF
the country by his latest epistolary effort,
and the New York, Herald, voicing what is
doubtless the best sentiment of the metrop-
oils, after a brief reference to the damssingi
effect of his letter of acceptance, thus speaks
of his recent Albany letter:
Nor does Mr., Folger seemed to have improved
his party's chances by his SECOND epistle.
addressed 70 an Albany @eetrnsi @i teHes
in the state Of New York; viii shrink
s'the values of the great properties of the
tweflty.four houfs was amazed at such an allega-
tion emanating from aselfinterested candidate en-
anazement 1t is growing indignant, especially
when It reads that Mr.. chauncey Depew secom-
panied The preseu tment Of the letter TO the AT
baDy audience with the following counsel 70 STOCK
"A Republican victory in New YORK in Eovem-
Der will send values up Sl00,0O00o0. I give this
point without charge. Increase your margins and i
In his en- boy melt Of the yord Increase it is
syasa s5 se 4 ss N the The
in Mr. F6fR FsIetier shows that by misuse OF the
DeSw does In as0S Of IN conneetioa
with ''margins'-a reference 10 Wall street quota
most charitable lite probation of Mr.. Folgers al
legation, for If he really meant TO argue TO the
American securities that the election of Mr. Grover
Cleveland mis- petitor will impair the genuine
NO WORDS OF would SS be We're enoush to en-
ploy in contamination OF such desperate slanr
ZION, and putting aside Mr.. Folser's own candi-
dacy from con Iteration, the ehoIt OF Secret ~
of the Treasury to prevent Mr.. Cleyeland's cleo
ton by alleging that II will bear the Wall street
marke, is one of the most extraordinary eiee
eSnside-i1s the secretar5ss power over that ma
ket If he chooses t. exercise it. The quicker Mr.:
on Mr.. Folger's ePistolary efforts The better fog
what is left OF the R-publican party of New York
well as for Mr.. Folger's own reputation
In the same vein the New York Tribune
CURLY says:
Apparently Mr.. Folger does not know how COM
pletey the public has been letting the stock mat
ket alone for a long time. There has been evil
dence for weeks OF active buying selling by the
Iubic, and the game in the Exchange has been
left the persons who devote their lives to it. MI
FOlger's of stock mani pulation on partcn lar
day evidence of public feeling about an eiec-
ton therefore, is liable to expose him TO miscon-
st ruction. Z
Mr.. Folger, who secured his nomination by
forgery. will find that he cannot bolster bad
cause1y bad cond1cf, and that lie so potent
ss this will not make the forgery OF his
friend French any he sweeter.