New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-10-01
damages for abusing her confidence was released on
OTHER PEOPLES MONEY.
RUFUS HATCHs VIEWS CONCERNING THE
POLITICAL AND FINANCIAL OUTLOOK.
From me Hour. OJyesterddN


From the Hour. O(yesterddg
The harvest moon has waxed and wane si,
the cqnnocal gales have swept our ,a d nI arr
tile Aeds Arab Pacha has bowed his head AMI sur
rendered his sword 10 sir Garnet the victor; hay
accident within our city limits mus Wa Street has
been ftartcd by very important ana unehpecteu ra
and has called In S.BO00O00 of bonds, aud money mas
lent high as 81 Per cent per anu. her nropes
money" On that last occasion we sad, iIt'e cay
lion on the part of the enthusiast will prevent repe
tjon OF the lnsfOrtunes that overlook so many iaet
wear The market not always going to remain up
any more than the sunshine 4 always TO- remain III,
dimmed Int tho year. as a whole has silver lining
Secretary FolGer has kindly called S25000O 900 OF bonds
TO he cancelled the 23d day Dccember but ne 1d
not state ia his call that he would probably receive IN
ninety days three four millions per week more IMAM
the disbursements ofthe Government would naiuiay Dc
one OF me German bankers who is short of stocks,
cn and 6is exciar,a.ion wis Is dot so didn't
for money has hccn that Mr. Foger has modified
his mind lar as TO state through his assistant secre
ary cashier that 1t would be received IN amounts OF
S5,00OOO0 per week-lrst come first served Had the
hon orabe Secretary Of the Treasury known IS OF law
and the condition Of the money market
have called FOR sos. 100000 and said: 1--WE shall re-
deem them as fast ms you bring them in, without re-
bate" But while personally IN favor OF the best
and most honest man being elected Governor the ues
ton arises whether aS Is to or e 9ocT RE-
is to be called himself TO the Gov
ernors chair This c9nsldereton must naturally occur
10 every voter on either polteal side We are OF the
opinion that Secretary Fo'gers chance OF
IF beng struck by Eghtningl While riding polar
bear in lie Arctic regions. prominent politician,
secretsry Foigcr LETT the Bench ior lc Governors
char, he would probably have been elected; DEt 10
rcasury Of the United states most unfortunate
move On his part ana one that would not be approved
that he should hold to the wall street end OF his rope
and not resign, unless he generously recommends our
huinole sci, Uncle RuIus'' as Ills successor III 'he
We have had worse heads in charge Of the Treasury
n ntrt aud NIL he very
Foger after rcsienng ni Cabinet portfolio, should ft
Of election as Governor and so "iau between the TWO
1t should be remembered ut this time that two and
three years ago We were importing gold, ana 10 cur
credit and prosperity may be sad tat we have not re-
exported II across the ocean TO any extent. We nave,
howey p transferred II OF its equyaent IN large qiah-
not realize the extent OF The absorption AID the aDsOrp
tive capacity of the Western states and Territories for
Money there ana it remains there It is going
beyond oar own FREDERICKSBURG Mexico rms s Inc
legitimate OF tight money, but legitimate ught
money means prosperity proydedit Is used cStimatVy
in developing our u!deye.o I'd resources IL may lie
said, 1ou liability 10 contradiction. that the develop
nent Of the West; the importing OF emigrants the Du
in of new roads and the Increase ~ n1nGiactuIis nave
absorbed Eastern capital extent that business men
tins side OF the Aeslanie nave not begun TO appre
ciete. ana thus, with 10 lmporiau0ns ol goa
cereals, We may look for shyloc2's price for
anuuml Sr pay an eighth per cent o. quar-
per cent day,and the question must naturally occur
t. every o'nkeI broker ana investor III E!sl.In co,
with tae large advance that has occurred to the STOCK
market in the past ninety days w1ctuor the speculative
borrower can Afford 10 pay tl5 rate-tO pay anything
over OF per cent.
The cquinOctia that has just passed has been
than anything known IN the history Of the SEC
ton Of the country that mas been particularly aheCtci
by IT, Iu thanks should be giyca that 1t was confined
TO so local an area.
The slaughter occurred in the railway arcade on
EOurthaVe. was No : OF the same quanty, ana ABOUT
the sane IN quantity, mt has happened Wltn te tat
ten months the set 81 tracks ana III lhc same
manner. This serving up OF railway horrors 80 close 10
doors Is apt 10 bring Us 10 serious cJhsd auOn o.
whether the railway a%F OF our 9H,e are 9ueqls Tor
existing laws carried out in proper manner II
course such occurrences tins serve only as rtnInfs
aud perhaps startling events Oar CoronerS are
order by the politicians, the lnque l. are briefly
written up By the reporters useless verdict oi ceu7tc
j. recorded, anu all l. forgotten.
The legal c1st o. mIrderlug three passengers on
railway N TINS state Is limit ed 20 exactly the same sum
the proprietor OF the road ~ said 10 nave paid lOr
horse III CncaGo few days since-@lo,OOO, or S'oJo
per victim.
For the manning and gripping for life of aury
has already given verdict % 100000 IN anOthcr rl
road is possible, long the insane craze 10
become sud icny Tch pos the pcJpc and te pro-
pretOrs ana presidents of great corporations spend ter
time and mOney ta speeding raccEorses, tuat ther
duties. and that accidents Will cont ne 70 Occult
"Wben the mouse is away the c0S VIII play, Is just as
apt aud rendering OF the wc-wOTn al &c a il lhe
original version, ald accidents Ike tl5 one prove lhe
assertion.
II IL reported that M Gould, While chatting with
friend The elevated said thai cut oi bust
and Out OF the mark. AT pcescnt-~as paying n
attention 70 II thdt he mad money enough, ana Vas no"
lCng let william Il. and TIE other " boys nave Il
show make some money.
Returning this week from another visit 10 the Great
West The writer occasion 10 modify IN any 10
specs ali that has NTH sad abo-t its great pros
perity and It's glorious future bat conservatism IN wan
Stree, for the next few months will pay safe dividend
RUFUS HATCH