The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-10-05
SPIRIT OF THE PRESS.

THE progress towards cheap postage has been,
on the whole, rather slow. 1t is expected thati5
will not be so slow for the future. The next
changes predicted are the reduction of city letter
postage to one cent and the reduction of postage
on foreign letters to three cents.-Chicago Tri-
bune
of investment for all our money, only must
accust0m ourselves to the reduced ratio of gain
that we are now able to accept because our OPP
eratlons nave become so extended ana our
general condition of prosperity SO valid and so
permanent.-St. Louis Glo0e-Dem Dcrat.
WHILE prize-fighters continue to find among
the men who give them cOuntenance and sup
port those who are reputed respectable, the prac-
tice nt their art will be continued If there is to
be reform 1t must work from the social top
downward The stream does not rise higher
than its source. The prize ring hitter does not
hope to be saved before the Wall-street broker.
Chicago Herald,
THE latest calculations of the advocates OF
prohibition are that they will carry tine second
amendment If Hamilton, Montgomery, Lucas,
CuyahOga and Franklin counties that is to say
Cincinnati, Dayton, Toledo, Cleveland and Column
bus-do not go more than $4,000 against it, We
should think they are pretty certain to reach
those figures and exceed them by 10000. Gin
c1nnati Commercial Gazette.
ALL of his [Alfonso'sl subjects welcome HIM
enthusiastically, some of them even going to the
frontier to greet him. For this significant
change the French Republicans have themselves
to thank. Their silly exhibition of spite in Paris
has done more to prop up the Spanish throne,
which they would dearly like to Bee tipped over,
and other cOnspirat0rs has done to weaken it.
Nothing attaches people to their ruler more
closely than to see themselves insulted by af-
fronts offered to him.-New York Tribune
THIS produce speculation is the most pernic~
iOus kind of gambling. 1t is a game played by
combined capital against consumers and small
dealers, in which the stakes are the daily neces-
saries CT life The profits of the gamblers are
taken directly out of the pockets of the masses
of the people 1t is the power of combined
wealth creating a monopoly of articles which
every citizen is compelled to purchase, and the
price OF which is raised above the legitimate
standard fixed by supply and demand in order
TO enrich the gambling monopolsis.-NewY York
World.
THAT there is great deal of gambling done
there is no doubt. That this diversion interferes
somewhat with the normal distribution of pro-
ducts; that it introduces much uncertainty and
risk in the business of men engaged in legitimate
distribution, and that 1t leads many of the spec
ulatOrs or gamblers" into trouble, is certain.
But on the one hand the evil consequences OF
speculation may be easily exaggerated, and on
the other an attempt TO prevent them sy legl5
lation might readily make them worse. Specu-
lators may for time interfere with the opera
tiOn of the laws of supply and demand, or, as the
continental term more accurately defines 1t, the
law of demand and OFFER but they can do so Oh y
up a certain point, and the greater their inter
ference the sooner that point is reached-NeW
York Times.