The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1883-06-02

can get out. II. N. Smith is going to
Europe, which means that be and Jim
Keene have unloaded their heavy loads
of stock on somebody. William e. Rock
afeller, who heads the Standard Oil
crowd, has sold out, clean and clear
To the question, "What does it meauPv
he replied; ut means that there will be
great change and some heavy smashes
this summer. The public is disgusted
with Wall street. Manipulation has
driven all outsiders away, Why, the
public won't touch stocks now, There
will be less stock gambling this season
than in any since tho war. People who
have little money want to put it where
there is a chance to keep it. Western
and southern lands have chance now.
i remember ten years ago anybody who
had hole in the ground in Colorado or
Nevada could get all the money he want
ed if he called his hole a mine. But
now if you had mine with gold Jumps
as big RS half bricks in sight you couldn't
get q cent in New York to get your Jumps
to the top of the hole" 'oc
This is undoubtedly true index of
the feeling here in Washington. The
hundreds of salaried men here, who for
years have been putting their savings in
to stock and mine speculations, and anx-
iously watching the "tickers' from DAY
to day, are. now becoming shy. Few
have gained; many have lost; and all are
turning their attention in the direction
ofsometbipg more legitimate and certain.
Said my informant: There is more
chance for boom iu lands than anything
else just now. Do you notice the i'm
mense sales to Englishmen in the West
and in Texas? Lord Dunravon started it
when he bought the beautiful park ID
Colorado, and it has been taken up by
many others since then. Last week an
English concern bought 100, 900 acres OF
the best cotton land in Mississippi for
81. 80 per acre. The timber on this land
is unsurpassed, and the soil is inexhaust.
ible in fertility. Now. John Bull is slow.
but smart. He knows that times are
changing and English forms of govern
ment are on the eve Of changes too. This
land Cannot burn up, nor can any man
it. At low prices, with water competing
with railroads in transportation, there is
nothing equal in value to good fertile
lands wherever they can be found, north,
south, or west.
The reunion of the Army of the Poto-
mac here last week Great ed some stir, but
it was not an exciting event. Washing
ton did not go crazy over the 200 or 300
officers who constituted the gathering,
and they have now all returned home.
Ramsdell dis1ourses sensibly concerning
the affair In his letter to the Phladelpbia
Press. He says: THE old soldier bust.
ness is on the decline. 1t has resolved
itself into mutual admiration society,
or mutual benefit society. 1t is well
enough for the Society of the Army OF
the Potomac to get together and the
members to praise each other, but will
somebody please tell me what use there
is in everlastingly howli over the wal
that was twenty years agoP For heavens
sake let us have peace. We licked the
rebels very rightly, and we licked them
soundly. We had the men, we had the
ships, we had the money, too. What is
the use of talking about it for a hundred
years? The army accomplished wonders
but did not the people who staid al
home and raised corn and money accom-,
| plish wonders too? The south is nc
longer in array. It's people are paying
very roundly for their mistake. and there
will never be another rebellion. Then
why not call n halt on the army businessi
| The 'rennion." which has just CLOSED
here, was not much of reunion after
! all. 1t is getting to be less of feature
eTery year. This time it consisted of 20(
or 800 men, who bad been officers in the
army, getting together and declaring
how brave they were in the war. Where
were the priyalPs and non commissioned
officers? Not half dozen of them were
present, Did the officers alone put down
the rebellion? Was tie Army of the Po
tomac composed of officers alone?"
The reception accorded to General
Mcclellan when he responded to the
toast of ''the Army of the Potomac, nj
the banquet, was one OF the most agree
able features of the reHnion. This is moi
because ali of those who applauded the
organizer and first commander of this
army are believers in his military great.
ness, for most of them can now perceive
the faults which caused the Peninsula
campaign to miscarry, and which made
the bloody victory of Antietam fruitless
one. But the members of the society,
irrespective Of party, or of diversities OF
opinion on the conduct of the war, cor.
however, considerable feeling concerning
his address, which was regarded inap.
propriate. Il was an elaborate defense
of his own conduct while in command,
and those who heard it believed that
these questions. which have been the
subject Of acrimonious controversy, might
better have been omitted on such an oc'
casion. Dom PEDRO.