Savannah morning news. [volume] (Savannah) 1868-1887, 1883-08-24


views of representative men on the
business outlook, and they all agree that
there is nothing in the present situation
to cause alarm-that the furry in Wall
street was due to Over-speculatiOn, and
indicates a process of liquidation that
should he viewed as favorable to sound
business methods. Much uneasiness per-
vades the country from the numerous
failures daily reported. especially on ac-
count of their magnitude. But even this
is not deemed of sufficient Importance to
Justify loss Of confidence in the ability
of the country TO stand it without panic.
1t is believed that the bulk of trade is on
a sound basis. and as the general tendency
has for some time been toward cOntrac-
ton rather than expansion, these failures
are but the effervescence of trade in
throwing off the mutations of undue specu-
latiOn.
4 cyclone is as terrible as an earth
quake. The destruction wrought to life
and property at Rochester, Minnesota,
and in the vicinity OF that town, by the
cyclone of Wednesday is trightful
to contemplate. Three hundred houses
were changed into mass
of ruins in a minutes time. How many
were killed and how many wounded is
vet unknown. Twenty-Five dead bodies
have been recovered, and scores were
more or less seriously hurt. Some idea
of the force Of the wind can be gained
from the fact that a railway train, run
ming at full speed, was lifted from
the track and every car smash
ed to pieces. One man, whose
body was found in tree-tOp, was torn
limb from limb by the mere force of the
wind. 4 cyclone is dreadful because it
comes without warning and does its work
Of destruction in moment Of time.
\ law has passed the Mexican Con-
gress, and has been approved by two
thirds of the Mexican States, by authority
of which an editor or writer may be inn
prisoned for an indefinite time without
trial. If he is finally tried and found
guiltless. he can have no redress. This
law was framed by POrtiriO Diaz, who has
been lauded in this country as the most
progressive of all the Mexican statesmen.
He wants to be President, and expects to
he a candidate for that office this fall. His
object in having this law gagging the
press passed was, no doubt, to prevent
anv criticism of himself or his acts. \
very nice sort of man is Diaz to be at
the head Of the Mexican Republic at this
period of her history.
of cotton seed oil, a correspondent of
the Atlanta Constitution says: "Almost
every educated family in New York city
is to-day using it for all cooking purposes
in place of sO-called olive oil and lard. 1t
is found to be a sweeter and healthier ar
ticIe of food than lard or ordinary butter,
and Is much easier to handle. Estimating
that the supposed 100000 bales
Of the present crop will gin
out seed enough to make
5000. 600 barrels of oil, the South is shown
to have it in its power to discard the dys-
peptic pork and lard of the Northwest,
save its money, and fall back upon its own
home production of this purely vegetable
oil, now rapidly gaining favor even with
epicures.
1t is not surprising that bunko men
should find victims among unsusplclous
cOuntrymen. but it is a little remarkable
that as shrewd men as bankers are sup
posed to be should be taken in by them.
Not long ago a Pennsylvania banker
travelling in the West was relieved by
bunkO sharper Of 1000, and one day this
week the Vice President of New York
national bank was euchered out of $1,000
at COney Island by bunkO sharper. The
audacity of the bunkO men is the chief
cause of their success.
The Cincinnati Gazette. criticised the
tariff bitterly. 1t was consolidated with
the Commercial last winter. and now the
hyphenated concern says that ''the Dem
Ocratic party has been wrong on the tariff
for forty wears. while the Republican
party has been right since it had an exist
ence." From this it appears that all that
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