Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1883-06-01

WASHINGTON LETTEn.
tFrom Our Regular Correspondent. ]

tFrom Our Regular Correspondent
WASHINGTON, May 20, 1883.
One Of the significant facls--signs Of the
times remarked upon here Of late is the
ieclinc OF stock speculation aud the in.
crense In the investments in laud. Nearly
all the great operators IN stocks nre quiet
" withdrawing. A well-posted Washing
ton spcculotor said yesterday: "Thcse
lneu ere all drawing ont and taking their
money with them. Gould and Wander
bilt have both gone, and they are getting
out of everything. Addison Cammack has
think for good--and gone TO Europe. W.
X, Vanderbilt openly announces that he is
going ont VI railroads as soon us lie can
get ont. II. N. Smith is going 10 Europe,
which means that lie and jim Keene have
uloatled their heavy loads OF stock on
somebody. William + Rockafeller, who
heads the Standard Oh crowd, l,ns sold
ont, clean aud clear" To tile question,
"What does IL mean," he replied; ut
means there will lie great change and
some nenvy smashcs this Summer. The
public is disgus,cd with Wall street. Ma.
nipulntion has driven nll outsiders away.
| Why, the public won't touch stocks now.
There will be less stock gambling this sea-
son thuu ir any since the war. People
who have little money want TO put it
where there IL a chance to keep it. Wes-
| tern and southern lands have II chance
now. l remember ten years ago anyDody
who had hole in the gruund in Colora-
| do or Nevada could get all the money he
wanted il lie called his hole q mine. But
now II you had mine with gold Jumps as
| big as halt bricks in sight you couldn't yet
Il cent in New York to get yonr Jumps 10
the top OF the hole"
This is undoubtedly y true index of the
feeling here in Washington. The hun re Il
| Of salaried men here; who for years have
been putting their savings into stock and
mine speculations, and nxiously watching
the "lickers" from day To day, are now lie
coming shy. Few have gained; many
have lost; aud all are turning their allen.
| ton IN the direction of something more
legitimate and certain. Said my infor.
mant: There rs more chance for boom
in lands than anything else just now. DO
you notice the immense sales to English
men in the west and IN Texas? Lori
Dunravon started it when lie bought the
beautiful park in Colorado, and il has been
taken up by MANY Others since then.
Last week an English concern bought
loo, ,0OO acres Of The best cotton land in
Mississippi for 81 80 per acre. The timber
on this land is unsurpassed, and the soil is
inexhaustible in fertility. Now, John
Bull is slow, but smart. He knows that
times are changing, and Englisl, forms oil
Government are on the eve of changes too.
This land cannot burn up, nor can any
man put il in his pocket and run away
with it. Az low prices, with water, com
peting with railroads III transported tion,
there Is nothing equal in value to good
fertile lands wlerev r they Gun be found,
north, south, or west"
The reunion of the Army of the Poto.
mac here last week created soipe stir, but
it was not an exciting event. Washington
did not go crazy over the 200 or 800 Off.
GERS who constituted tile gathering, and
they have now all returned home. Rams
deli disconrses sensibly concerning the af
fair in his letter to the Philadelphia Press
He says: "The old soldier business is on
the decline. 1t has resolved itself into
mutual admiration ssciety, or mutua
benefit society. 1t is well enough for til,
Society OF the Army Of the Potomac Il
get together and the members to pruis,
each other, but will somebody please tel
> me what Use there is in everlastingl,
! howling over the war that was twent,
years ago? For heavens sake let us hav,
peace. We licked the rebels very rightly
and we licked them soundly. We ha,
the men, we had the ships, we had th
money, too. What is The use of talk in,
about it for hundred years? The arm,
accomplished wonders, but did not tn,
IL. v,l,n n I,,t ..,,1 ,oI
and money accomplish wonders too? Th
: paying very roundly for their mistake
e and there will never be another rebellion
Then why not call halt on the arm
business? The "reunion," which has jus
closed here, wac not much OF reunion nj
,, ter all. Iii getting to be less OF n featnr
every year. This lime it consisted of 20,
or 800 men, who had been officers in tn
army, getting together and declaring ho,
brave tlcy were in the war Where wei
!, , the privaes and commissioned Off
GERS? Not half dozen of them wer
present. Did the officers alone put dow
: the rebellion? Was the Army of the Pc
tomac composed VI officers alone ?"
, The reception accorded TO General Nc
, CIellun when he responded to the ioast o
'the Army OF the Potomac" at the ban
quet, was one of the most agreeable fes
lures of the reunion. This is not beca us
all OF those who applauded the organize
and 6rst commander of this army are he
levers in his military greatness, for mos
OF them can now perceive the faults whicl
caused. the Peninsula campaign to miscar
ry, and which made the bloody victory o
AnIietam fruitless one. But the mem
bers Of the society, irrespective of party
or OF diversities OF opinion on the conduc
OF the war, cordially welcomed Mcclellan
There WAS, however, considerable feelin
concerning his address, which was regard
ed inappropriate. II was an elaborate de-
fcnse of his own conduct while in command
and those who heard it believed that tles
questions, which have been the subject o
acrimonious controversy, might bette
have been omitted on such an occasion.
Dom PEDRO.