The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-07-12
THE OBSERVATION-DISCLOSURES BUBBLE.

Mr.. Emf Kennedy, who calls himself the
'humble protector" and also "the chief ex-
ecutive officer of the Peoples Railway
Company of America favors the Journal
with a letter, which is printed elsewhere.
1t assumes to gives points" for the consid-
with respect to his colossal scheme; but a
careful reading of it, three or four times
over, reveals only a paraphrase of certain
statements in the prospectus" of the con-
Germ, while the greater part of it is con-
sumed with personal matters and copious
quotations from the American Gazetteer and
indianapolis City Directory, which can have
no possible bearing on the question, Like
many other great men, Mr.. Kennedy i'm
AGNES himself personally attacked because
of the storm of ridicule which has greeted
the announcement of his crazy project.
We have nothing to do with Mr.. Kennedy;
he may be all or more than he fancies
and pictures himself to be, and the Journal
has never said or ~intimated that he is not.
VI AClilCOS oAOAiA1 POSoCoo AAiSCll LII 81
magnificent a scheme as that in which he is
engaged self-poise and a calm indifference to
the opinions of mankind are the first essen
tials of success; else, he will find his balloon
burst before he could properly expect such a
catastrophe, and he will be untimely en-
gnlfed in the water and bad smell.
Mr.. Kennedy says he did not expect that
so gigantic a plan as that to which he has
given birth would be clearly comprehended
by all" and was, therefore, prepared for
adverse criticism;S' but he assumes that
such criticism as has appeared in the Journal
is neither honest" nor Intelligent" On
the first point it is possible the
Journal could readily copy entire pages
from the Gazetteer and Directory, and
use them as references, while upon the Sec
ord point it certainly would be unbecoming
in us to speak. He charges us with having
but "a superficial knowledge of ''the pur-
poses and plans" of the Peoples company,
and says mo representative Of the Journal
has ever called for an interview or for relia-
BILE information" Well, if the paid agents
of the company, and those whose names are
to be found in the official directorate, are
compelled to confess that they do not under
stand the mighty scheme, it may not be so
very dreadful if the Journal says, plainly,
that it does not grasp all the occult and hid
den mysteries which have been born in the
~recesses of Mr.. Kennedy's brain. We do not
undertand the scheme; but We have sought
reliable information" from the printed
circulars and prospectuses with which
we have been favored galore. We
know that the "plan'' is to sell 400, 900
shares of this green-cheese stock on the
assessment plan, the purchaser paying
50. so down as a cash payment. We know
that 4, 900 Shares have been assigned" to
the city OF indianapolis, and we know that
twelve men bave been employed, at so much
a day and expenses, to Invite the working
men, and the poor men, and the anti-monopo-
ly men, women and children to take this
assigned stock. We know that if those shares
are all sold there will be produced a fund of
81, 900, 900, which will go a long way toward
building the proposed eleven-story building.
in which the $1,000 officers could Gra