Savannah morning news. [volume] (Savannah) 1868-1887, 1882-10-21

If anything was needed to prove the
desperate straits in which Secretary Fol
ger finds himself and the Republican
ticket in New York, it was furnished by
the letter of that gentleman read to a
Republican meeting held in Albany
Thursday evening. in which he makes an
appeal for the suffrages of the doubling
and dissatisfied" members Of his party.
He bases this appeal on two grounds;
First, that although Hon. Grover Cleve
land is personally as good man in every
respect as he himself. still politically he
(Cleveland) is a Democrat, while he
Folger) is Republican, and therefore
Republicans should vote for him. Sec
ond, that Cleveland's election is to be
dreaded because the day after the Ohio
election the great properties" of the
country declined $40, 900. 900 in value.
AS to the first reason advanced by Mr..
Folger why he should receive the sup
port of all the doubtful and dissatisfied
Republicans of New York, it amounts
simply to nothing. The very fact that
he is a Republican, and the machine
nominee of the administration whose
nomination was procured through
shameless fraud, is one of the greatest
obstacles with which he has to contend.
One of the main causes Of the Demo-
cratic victory in Ohio was disgust on the
part of many Republicans of that State
at the ways and methods of Mr.. Arthur,
and especially his .unwarranted and
dangerous interference with the affairs
of the States. New York has greater
cause to dread the effect of this inter
ference than had Ohio, and if the result
of the recent election in this latter State
is any indication of public opinion gen.
orally. then Secretary Folger is as good
as defeated already.
The second point of Mr.. Folger's an
peal is even worse than the first, for it is
the purest bal6erdash. No one knows
better than he that the Ohio election had
nothing in the world to do with the
shrinkage in the "great properties" of
the country to which he alludes, and it
was paying the intelligence of the doubt
ing and dissatisfied Republicans whom
he addressed a very equivocsl compliment
when he tried to make them believe
otherwise He knows that during the
past eighteen months. speculation in
all kinds of properties ran riot in Wall
street, and values were inflated thereby
to highly fictitious figures. He knows
that booming" was the order of the
day, and that activity in stocks and Sc
curities was entirely unnatural. He
knows, further, that many months ago
a reaction to this condition of affairs set
in, and that long before the Ohio cleo
tion-even before any candidates had
been placed in the field by either
party in that State-there had been per-
sistent and steady decline in the price of
all stock properties, and that within the
past few weeks there has been shrink
age, not of $4,000. 900, but of $780,
900. 900 in the value of the leading securi-
ties of the country. BE knows, further,
that this heavy shrinkage began some time
before the Ohio victory, and even when
the Republicans were boastfully declar-
ing that they would carry the State
The claptrap in which Folger indulg-
ed in his letter to the Republicans of
New York, is thus exposed in
all its finishes, and by it he mere
ly betrays the trepidstion under which |
he is laboring regarding his success. He
must be truly very nervous when he has
touse arguments in his defense which |
the veriest tyro in politics can see are
watery in the extreme, and wholly un-
tenable. This appeal of his to
the ignorance of his fellow citizens.
and to the sympathies of Wall street and |
the money power must do his cause mere
harm than good. If he is forced to con-
jure up such bugbears as the bursting of !
fictitious stock bubbles to help him
through, he had better far withdraw at
once from the contest, and thus save
himself the modification of humlliating
defeat.
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The Boston TraEScpiDt (Repl gives /